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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Heidelberg Materials AG's retained earnings for the quarter that ended in Dec. 2025 was $16,197 Mil.
Heidelberg Materials AG's quarterly retained earnings
increased
from Dec. 2024 ($13,376 Mil) to Jun. 2025 ($14,447 Mil) and
increased
from Jun. 2025 ($14,447 Mil) to Dec. 2025 ($16,197 Mil).
Heidelberg Materials AG's annual retained earnings
increased
from Dec. 2023 ($12,927 Mil) to Dec. 2024 ($13,376 Mil) and
increased
from Dec. 2024 ($13,376 Mil) to Dec. 2025 ($16,197 Mil).
Heidelberg Materials AG (OTCPK:HDLMY) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Heidelberg Materials AG Retained Earnings Historical Data
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The historical data trend for Heidelberg Materials AG's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heidelberg Materials AG Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $16,197 Mil mean?
Heidelberg Materials AG (HDLMY) has a Retained Earnings of $16,197 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Heidelberg Materials AG and its competitors.
Is Heidelberg Materials AG's Retained Earnings too high?
Heidelberg Materials AG's current Retained Earnings is $16,197 Mil. Overall, Heidelberg Materials AG has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Materials AG's Retained Earnings compare to CRH and VMC?
Heidelberg Materials AG's Retained Earnings of $16,197 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Building Materials company?
A good Retained Earnings depends on the Building Materials industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Heidelberg Materials AG and its competitors. Heidelberg Materials AG's current Retained Earnings is $16,197 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Materials AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Materials AG (HDLMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.45, compared to a current price of $39.67 — trading 62.2% above its estimated fair value. The current Retained Earnings is $16,197 Mil. Heidelberg Materials AG's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Heidelberg Materials AG (HDLMY), the current Retained Earnings is $16,197 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heidelberg Materials AG (HDLMY) Overvalued in 2026?
Based on GuruFocus' analysis, Heidelberg Materials AG stock appears to be overvalued.
The current stock price of $39.67 is trading 62.2% above its estimated GF Value™ of $24.45.
GuruFocus considers Heidelberg Materials AG to be Significantly Overvalued.
Key valuation signals for HDLMY:
Retained Earnings: $16,197 Mil
GF Value™: $24.45 vs. price of $39.67 (62.2% above fair value)
No single metric tells the full story. See the HDLMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. Europe is the company's largest market contributing nearly half of group sales. Heidelberg Materials is listed in Germany and has 55,000 employees.
80GF Score
Get the complete analysis for HDLMY
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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