)
Edge11 Sep 2026
Texas Pacific Land Corporation: Keeper of the Permian Basin
Land once granted to a failed 19th-century railroad now generates royalties for Texas Pacific Land Corporation across the Permian Basin.
Alstom
Alstom (ALO) investor relations material
Alstom Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary1 Oct, 2026
Investment profile
Market positions: #1 in rolling stock, services and turnkey; #3 in signalling. Global footprint spans 207 sites in 61 countries.
Value creation spans rolling stock, services, signalling and systems; indicative operating margins range from progressive improvement from breakeven in rolling stock to solid mid-teens in services.
Addressable rolling stock market estimated at €38bn per year for 2024–2026, with 2.6% CAGR; cited demand drivers include ridership growth, fleet renewal and rail investment.
Business lines and growth drivers
Rolling stock and components FY 2025/26 backlog €45.0bn, orders €14.3bn and sales €10.0bn; management targets progressive margin uplift to high single digits.
Services FY 2025/26 backlog €40.1bn, orders €6.5bn and sales €4.7bn; installed base exceeds 150,000 cars, with 35% coverage by services contracts targeted for 2030.
Signalling FY 2025/26 backlog €9.8bn, orders €3.4bn and sales €2.7bn; market estimated at ~€17bn annually, growing ~4% CAGR, supported by digitalisation, automation and ERTMS rollout.
Systems FY 2025/26 backlog €9.6bn, orders €3.4bn and sales €1.8bn; large integrated projects support high-single-digit profitability and long-term operations and maintenance opportunities.
Services organic sales CAGR was 9% since FY 2021/22; ~50% of average order intake over the last three years was bundled with rolling stock or turnkey contracts.
FY 2025/26 performance
Record order intake of €27.6bn; sales grew 7.2% organically to €19.171bn.
Adjusted EBIT was €1.168bn, down 1% YoY; adjusted EBIT margin was 6.1%, versus 6.4% in FY 2024/25.
Adjusted gross margin before PPA impairment was €2.555bn, down 2%; margin fell 80 bps to 13.3%.
Adjusted net profit rose 12% to €559m; group net profit increased to €324m from €149m.
Free cash flow was €336m, within guidance despite contract working-capital headwinds; net debt declined to €404m at March 2026 from €434m a year earlier.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Alstom
- Sales up 4.9% to €4.7bn, orders down 37%, FY outlook confirmed.ALO
Q1 26/27 TU - Record orders, operational improvements, and board changes; no dividend amid margin challenges.ALOAGM 2026
- Record orders and backlog support growth, but margin pressure and execution issues persist.ALOH2 25/26
- Execution challenges in rolling stock hurt margins, but record orders and strong liquidity support a positive outlook.ALOQ4 25/26 TU
- Sales and profit rose, margin improved to 6.4%, and full-year growth outlook was upgraded.ALOH1 25/26
- Strong sales, margin, and cash flow growth with robust outlook and reduced net debt.ALOH2 24/25
- Q1 2025/26 orders up 12% and sales up 2.8% (7.2% organic); outlook and cash flow targets confirmed.ALOQ1 25/26 TU
- Orders up 30%, sales and profit rise, backlog hits €94.4bn, deleveraging plan executed.ALOH1 24/25
- Sales up 5.1% to €4.4B, deleveraging plan delivered, FY 2024/25 outlook confirmed.ALOQ1 24/25 TU
Next Alstom earnings date
H1 26/2717 Nov, 2026
Alstom
Next Alstom earnings date
H1 26/2717 Nov, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage