SIREN : 377550249
WAVESTONE is a French company founded 36 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in PUTEAUX (92800), this company of category ETI shows in 2025 a revenue of 498.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 498 214 000 € | 486 484 000 € | 421 678 000 € | 332 918 000 € | 332 128 000 € | 308 967 000 € | 223 853 000 € |
| Net income | 82 563 000 € | 32 628 000 € | 32 387 000 € | 20 749 000 € | 30 010 000 € | 31 538 000 € | 23 689 000 € |
| EBITDA | 447 566 000 € | 126 309 000 € | 34 290 000 € | 60 697 000 € | 75 824 000 € | 81 979 000 € | 63 378 000 € |
| Net margin | 16.6% | 6.7% | 7.7% | 6.2% | 9.0% | 10.2% | 10.6% |
In 2025, WAVESTONE achieves revenue of 498.2 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +10.5%. Vs 2024: +2%. After deducting consumption (33.2 M€), gross margin stands at 465.0 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 447.6 M€, representing 89.8% of revenue. Positive scissor effect: EBITDA margin improves by +63.9 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 82.6 M€, i.e. 16.6% of revenue. This profit can be retained or distributed to shareholders.
498 214 000 €
464 998 000 €
447 566 000 €
83 472 000 €
82 563 000 €
89.8%
The debt ratio (= Financial debt / Equity x 100) stands at 8%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 72207%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 18.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
8.483%
72206.505%
18.552%
0.572
31.3%
In 2025, the debt ratio of WAVESTONE (8.48) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2025, the financial autonomy of WAVESTONE (72206.5%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2025, the repayment capacity of WAVESTONE (0.57) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 136.81. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.
136.812
1.606
In 2025, the liquidity ratio of WAVESTONE (136.81) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2025, the interest coverage of WAVESTONE (1.6x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 90 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 202 days. Excellent situation: suppliers finance 112 days of the operating cycle (retail model). Overall, WCR represents 8 days of revenue, i.e. 11.5 M€ to permanently finance. Notable WCR improvement over the period (-88%), freeing up cash.
11 453 940 €
90 j
202 j
0 j
8 j
Based on 215 transactions of similar company sales (all years), the value of WAVESTONE is estimated at 266 908 757 € (range 105 945 331€ - 1 081 196 125€). With an EBITDA of 447 566 000€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
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This estimate is based on the analysis of 215 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare WAVESTONE with other companies in the same sector:
Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques
The revenue of WAVESTONE in 2025 is 498.2 M€.
Yes, WAVESTONE generated a net profit of 82.6 M€ in 2025.
The headquarters of WAVESTONE is located in PUTEAUX (92800), in the department Hauts-de-Seine.
The tax return of WAVESTONE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
WAVESTONE operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.