Headquartered in Switzerland, GF employs around 13’300 professionals across 46 countries. In 2025, GF’s Flow Solutions business generated sales of CHF 3 billion. GF is listed on the SIX Swiss Exchange.
GF’s Flow Solutions business
Net sales per region in % (CHF 2’999 million)
- 47% EMEA
- 32% Americas
- 21% APAC
Net sales per business area in % (CHF 2’999 million)
- 36% Buildings
- 32% Industry
- 32% Infrastructure
Key figures of GF’s Flow Solutions business² as of 31 December
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 2'962 | 2'955 |
| Orders on hand customer | 311 | 281 |
| Net sales | 2'999 | 3'051 |
| Sales growth % | -1.7 | n/a |
| Organic growth % | 0.6 | n/a |
| EBITDA (comparable)¹ | 403 | 456 |
| EBITDA margin (comparable)¹ % | 13.4 | 15.0 |
| EBITDA | 371 | 420 |
| EBITDA margin % | 12.4 | 13.8 |
| EBIT (comparable)¹ | 299 | 349 |
| EBIT margin (comparable)¹ % | 10.0 | 11.4 |
| EBIT | 266 | 309 |
| EBIT margin % | 8.9 | 10.1 |
| Invested capital (IC) | 1'246 | 1'167 |
| Return on invested capital (ROIC) % | 17.9 | 21.3 |
| Number of employees | 13'270 | 12'148 |
¹ Without PPA effects on inventory and items affecting comparability.
² GF's Flow Solutions business covers the divisions GF Industry and Infrastructure Flow Solutions and GF Building Flow Solutions, including estimated proportionate corporate costs.
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 1'876 | 1'817 |
| Orders on hand customer | 279 | 246 |
| Net sales | 1'955 | 1'947 |
| Sales growth % | 0.4 | n/a |
| Organic growth % | 1.9 | n/a |
| EBITDA (comparable)¹ | 272 | 317 |
| EBITDA margin (comparable)¹ % | 13.9 | 16.3 |
| EBITDA | 259 | 304 |
| EBITDA margin % | 13.2 | 15.6 |
| EBIT (comparable)¹ | 212 | 258 |
| EBIT margin (comparable)¹ % | 10.9 | 13.2 |
| EBIT | 199 | 244 |
| EBIT margin % | 10.2 | 12.5 |
| Invested capital (IC) | 903 | 817 |
| Return on invested capital (ROIC) % | 19.8 | 26.7 |
| Number of employees | 9'100 | 7'813 |
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 1'087 | 1'138 |
| Orders on hand customer | 32 | 36 |
| Net sales | 1'114 | 1'189 |
| Sales growth % | -6.4 | n/a |
| Organic growth % | -2.7 | n/a |
| EBITDA (comparable)¹ | 138 | 147 |
| EBITDA margin (comparable)¹ % | 12.4 | 12.4 |
| EBITDA | 119 | 123 |
| EBITDA margin % | 10.7 | 10.3 |
| EBIT (comparable)¹ | 97 | 104 |
| EBIT margin (comparable)¹ % | 8.7 | 8.7 |
| EBIT | 79 | 79 |
| EBIT margin % | 7.1 | 6.6 |
| Invested capital (IC) | 342 | 351 |
| Return on invested capital (ROIC) % | 16.2 | 14.4 |
| Number of employees | 3'980 | 4'159 |
¹ Without PPA effects on inventory and items affecting comparability.
³ 2024 figures have been restated to reflect organizational changes and thereby be comparable with 2025 figures: the Building Technology segment was transferred from GF Industry and Infrastructure Flow Solutions to GF Building Flow Solutions, while Uponor Infrastructure was moved from GF Building Flow Solutions to GF Industry and Infrastructure Flow Solutions.
GF Group
Key figures of the GF Group⁴ as of 31 December
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 4'156 | 4'634 |
| Orders on hand customer | 570 | 723 |
| Net sales | 4'110 | 4'776 |
| Sales growth % | -13.9 | 18.6 |
| Organic growth % | -1.7 | -2.6 |
| EBITDA (comparable)¹ | 467 | 618 |
| EBITDA margin (comparable)¹ % | 11.4 | 12.9 |
| EBITDA | 564 | 560 |
| EBITDA margin % | 13.7 | 11.7 |
| EBIT (comparable)¹ | 314 | 449 |
| EBIT margin (comparable)¹ % | 7.6 | 9.4 |
| EBIT | 326 | 389 |
| EBIT margin % | 7.9 | 8.1 |
| Net profit shareholders GF | 103 | 214 |
| Basic earnings per share in CHF | 1.26 | 2.61 |
| Free cash flow before acquisitions/divestments | 21 | 184 |
| Invested capital (IC) | 1'552 | 1'859 |
| Return on invested capital (ROIC) (comparable)¹ % | 14.1 | 19.9 |
| Return on invested capital (ROIC) % | 15.0 | 17.2 |
| Net debt (+)/Net cash (-) | 1'684 | 1'892 |
| Number of employees | 16'332 | 19'023 |
¹ Without PPA effects on inventory and items affecting comparability.
⁴ Includes the divested divisions GF Casting Solutions for the full year of 2025 and GF Machining Solutions until 30 June 2025.
Discontinued operations
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 783 | 832 |
| Orders on hand customer | 259 | 262 |
| Net sales | 752 | 841 |
| Sales growth % | -10.6 | -7.6 |
| Organic growth % | -8.4 | -5.6 |
| EBITDA (comparable)¹ | 67 | 96 |
| EBITDA margin (comparable)¹ % | 8.8 | 11.5 |
| EBITDA | 71 | 82 |
| EBITDA margin % | 9.4 | 9.8 |
| EBIT (comparable)¹ | 27 | 56 |
| EBIT margin (comparable)¹ % | 3.6 | 6.7 |
| EBIT | -52 | 42 |
| EBIT margin % | -6.9 | 5.0 |
| Invested capital (IC) | 282 | 355 |
| Return on invested capital (ROIC) % | n/a | 12.8 |
| Number of employees | 3'014 | 3'586 |
CHF million
2025
2024
| CHF million | 2025 | 2024 |
|---|---|---|
| Order intake customer | 412 | 847 |
| Orders on hand customer | n/a | 180 |
| Net sales | 360 | 885 |
| Sales growth % | n/a | -0.2 |
| Organic growth % | n/a | 2.4 |
| EBITDA (comparable)¹ | 3 | 70 |
| EBITDA margin (comparable)¹ % | 0.8 | 7.9 |
| EBITDA | -2 | 66 |
| EBITDA margin % | -0.5 | 7.5 |
| EBIT (comparable)¹ | -6 | 52 |
| EBIT margin (comparable)¹ % | -1.6 | 5.9 |
| EBIT | -10 | 49 |
| EBIT margin % | -2.9 | 5.5 |
| Invested capital (IC) | n/a | 258 |
| Return on invested capital (ROIC) % | n/a | 16.4 |
| Number of employees | n/a | 3'289 |
¹ Without PPA effects on inventory and items affecting comparability.