The Magnum Ice Cream Company N.V. (MICC) Key Metrics
MICC key metrics, 2022–2025
Fiscal year ended December 31, 2025 · eurosMICC returns How much profit the business earns on the capital it uses.
MICC financial health Debt, liquidity and how easily interest is covered.
MICC efficiency & capital use Working capital cycle and where the cash goes.
MICC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MICC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MICC cash returned to shareholders
MICC key metrics in euros
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Returns & profitability | ||||
| Return on equity (ROE) | 17.2% | 17.0% | 22.0% | 26.1% |
| Return on invested capital (ROIC) | 13.3% | 21.6% | 22.4% | 26.6% |
| Return on assets (ROA) | 4.5% | 8.3% | 9.8% | 10.7% |
| Return on tangible assets | 4.7% | 10.9% | 12.4% | 12.4% |
| Free cash flow margin | 0.1% | 10.2% | 8.3% | 5.7% |
| Income quality (OCF / net income) | 1.26 | 2.54 | 1.86 | 1.42 |
| Financial health | ||||
| Total debt | €3.25B | €188.0M | €197.0M | €188.0M |
| Cash & short-term investments | €478.0M | €179.0M | €59.0M | €53.0M |
| Net debt | €2.78B | €9.0M | €138.0M | €135.0M |
| Debt / equity | 5.21 | 0.07 | 0.08 | 0.10 |
| Debt / assets | 0.43 | 0.03 | 0.04 | 0.04 |
| Net debt / EBITDA | 3.02 | 0.01 | 0.13 | 0.12 |
| Current ratio | 1.02 | 0.80 | 0.77 | 0.81 |
| Quick ratio | 0.74 | 0.35 | 0.31 | 0.32 |
| Interest coverage | 4.3 | 5.2 | 74.2 | 25.4 |
| Working capital | €50.0M | −€400.0M | −€443.0M | −€370.0M |
| Invested capital | €3.40B | €2.79B | €2.65B | €2.09B |
| Tangible asset value | −€608.0M | €1.42B | €1.22B | €1.32B |
| Net current asset value | −€3.70B | −€1.09B | −€1.23B | −€1.14B |
| Capital allocation | ||||
| Dividends paid | €83.0M | €11.0M | €0 | €0 |
| Dividend payout ratio | 28.3% | 2.4% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 754.6% | 1.4% | 0.0% | 0.0% |
| Capex / revenue | 4.5% | 4.2% | 3.7% | 3.9% |
| Capex / operating cash flow | 97.0% | 29.1% | 30.6% | 40.9% |
| Capex / depreciation | 1.06 | 0.88 | 0.78 | 0.79 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.3% | 0.2% |
| R&D / revenue | 1.1% | 1.2% | 1.2% | 1.3% |
| SG&A / revenue | 22.0% | 21.6% | 21.7% | 21.3% |
| Efficiency | ||||
| Days sales outstanding | 51.2 | 19.4 | 21.0 | 21.7 |
| Days of inventory on hand | 63.3 | 64.7 | 69.3 | 73.2 |
| Days payables outstanding | 114.3 | 82.4 | 86.1 | 89.6 |
| Cash conversion cycle (days) | 0.2 | 1.7 | 4.2 | 5.4 |
| Receivables turnover | 7.13 | 18.85 | 17.39 | 16.83 |
| Payables turnover | 3.19 | 4.43 | 4.24 | 4.08 |
| Inventory turnover | 5.77 | 5.64 | 5.27 | 4.98 |
| Asset turnover | 1.22 | 1.47 | 1.52 | 1.58 |
| Average receivables | €1.11B | €421.5M | €438.0M | €446.0M |
| Average payables | €1.62B | €1.17B | €1.18B | €1.21B |
| Average inventory | €896.5M | €917.5M | €953.0M | €991.0M |
| Intangibles / total assets | 16.6% | 25.0% | 24.9% | 13.8% |
Computed from MICC's annual financial statements (latest annual report filed March 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in euros; data from EODHD. Averages use the opening and closing balance of each year.
MICC valuation and financial ratios
Magnum Ice Cream earned a return on equity of 17.2% and a return on invested capital of 13.3% in fiscal 2025. It ended the year with €3.3 billion of debt and €478.0 million in cash and short-term investments, net debt of €2.8 billion. It returned €83.0 million to shareholders: €83.0 million in dividends and €0 in share buybacks, 755% of free cash flow.
See the MICC income statement, the MICC chart for price history, or the MICC stock overview for the latest quote and news.
MICC key metrics FAQ
What is Magnum Ice Cream's return on equity?
Magnum Ice Cream's return on equity (ROE) was 17.2% in fiscal 2025: net income of €292.9 million on average shareholders' equity of €1.7 billion.
What is Magnum Ice Cream's ROIC?
Magnum Ice Cream's return on invested capital was 13.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Magnum Ice Cream have?
Magnum Ice Cream had total debt of €3.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.21 and €2.8 billion of net debt (3.02 times EBITDA).
What is Magnum Ice Cream's current ratio?
Magnum Ice Cream's current ratio was 1.02 at the end of fiscal 2025: current assets were 1.02 times current liabilities.