SAP
SAP SE (SAP)
Last Price$280.72.1%
Market Cap$331.6B
LTM Rule of 40 (EBIT margin)
26.7%
5Y avg
23.2%
Software - Application industry median
3.8%
Stock quality & Intrinsic value
6/10
(0.0%) overvalued

SAP SE Rule of 40 (EBIT margin)

Annual
Quarterly
LTM
Industry median
Company stand-alone
SAP
Technology
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Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Rule of 40 (EBIT margin)
0.0%
40.7%
37.8%
35.8%
37.3%
17.0%
37.6%
48.5%
39.0%
30.3%
29.1%
38.9%
29.3%
27.1%
28.4%
34.5%
23.4%
12.2%
26.0%
19.6%
SAP
Key metrics and insights to make informed decisions.
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SAP SE (SAP) Rule of 40 (EBIT margin) comparison analysis

SAP key stats

USD
EUR
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
% growth
9,343.1
0.0%
10,591.9
13.4%
11,808.1
11.5%
14,062.5
19.1%
17,006.0
20.9%
14,882.0
(12.5%)
16,539.0
11.1%
19,812.1
19.8%
20,857.0
5.3%
22,336.3
7.1%
23,331.9
4.5%
23,088.4
(1.0%)
24,412.7
5.7%
26,492.4
8.5%
29,173.9
10.1%
30,843.4
5.7%
31,211.3
1.2%
32,928.0
5.5%
32,533.1
(1.2%)
33,746.4
3.7%
Cost of Goods Sold (COGS)3,217.53,630.63,991.24,669.05,796.84,896.55,175.16,062.16,426.06,640.57,004.57,357.57,270.07,962.48,810.79,348.39,003.39,398.29,416.89,304.1
% margin
6,125.6
65.6%
6,961.3
65.7%
7,816.9
66.2%
9,393.5
66.8%
11,209.1
65.9%
9,985.5
67.1%
11,364.0
68.7%
13,750.0
69.4%
14,430.9
69.2%
15,695.9
70.3%
16,327.4
70.0%
15,730.9
68.1%
17,142.7
70.2%
18,530.0
69.9%
20,363.2
69.8%
21,495.1
69.7%
22,208.0
71.2%
23,529.8
71.5%
23,116.3
71.1%
24,442.3
72.4%
Operating Expenses3,607.44,061.24,594.35,641.27,032.96,030.37,932.56,950.29,195.59,651.89,993.910,318.911,446.212,817.113,605.815,200.614,652.317,839.618,046.418,184.4
Research & Development Expenses (R&D)1,268.21,354.61,676.42,001.72,398.22,242.52,287.72,699.12,916.03,031.33,097.03,159.13,365.03,785.34,279.04,790.05,088.56,138.56,496.76,838.6
Selling, General & Administrative Expenses (SG&A)2,350.02,714.32,989.63,663.04,650.63,832.44,356.45,284.06,306.56,637.86,902.27,160.98,076.79,032.99,303.110,430.89,659.811,751.911,607.710,563.9
2,509.5
26.9%
2,900.1
27.4%
3,221.9
27.3%
3,752.3
26.7%
4,176.2
24.6%
3,681.8
24.7%
3,435.5
20.8%
6,794.3
34.3%
5,225.2
25.1%
5,949.7
26.6%
5,754.3
24.7%
4,721.4
20.4%
5,666.7
23.2%
5,507.4
20.8%
6,733.8
23.1%
7,091.5
23.0%
7,559.1
24.2%
3,412.3
10.4%
4,923.4
15.1%
6,257.9
18.5%
Interest Income0.00.00.00.0105.944.674.3171.2137.6152.8168.7267.6254.5522.8438.1878.71,681.73,693.8864.1515.8
Interest Expense0.00.00.00.0180.999.0163.2224.1225.0240.4202.0273.2296.6313.9493.6659.3795.81,122.42,323.6852.1
Pre-tax Income2,577.02,882.23,359.33,923.44,048.43,471.23,101.16,637.04,915.35,839.55,787.54,431.65,365.75,675.66,612.25,169.58,240.68,098.43,258.45,775.6
% effective tax rate
941.5
36.5%
1,016.6
35.3%
1,006.7
30.0%
1,264.6
32.2%
1,212.8
30.0%
926.0
26.7%
691.3
22.3%
1,850.0
27.9%
1,280.6
26.1%
1,422.7
24.4%
1,434.9
24.8%
1,038.2
23.4%
1,361.1
25.4%
1,095.4
19.3%
1,784.1
27.0%
1,378.0
26.7%
2,212.6
26.8%
1,739.8
21.5%
1,452.1
44.6%
1,882.7
32.6%
% margin
1,629.4
17.4%
1,862.0
17.6%
2,350.3
19.9%
2,635.4
18.7%
2,746.8
16.2%
2,492.2
16.7%
2,407.1
14.6%
4,785.7
24.2%
3,633.4
17.4%
4,418.1
19.8%
4,351.2
18.6%
3,402.2
14.7%
4,017.9
16.5%
4,537.4
17.1%
4,821.0
16.5%
3,735.5
12.1%
5,873.9
18.8%
6,216.6
18.9%
2,406.9
7.4%
6,638.6
19.7%
EPS1.311.511.922.182.282.092.034.023.053.713.642.843.353.794.043.134.975.392.073.46
Diluted EPS1.311.491.912.182.282.092.034.023.053.693.642.843.353.784.043.134.975.392.055.62
% margin
2,778.9
29.7%
3,163.5
29.9%
3,506.9
29.7%
4,110.5
29.2%
4,832.7
28.4%
4,255.0
28.6%
4,214.4
25.5%
7,866.1
39.7%
6,215.2
29.8%
7,264.8
32.5%
7,672.8
32.9%
6,843.3
29.6%
7,114.0
29.1%
7,149.3
27.0%
8,364.4
28.7%
8,366.6
27.1%
9,428.0
30.2%
9,373.4
28.5%
7,725.5
23.7%
8,112.5
24.0%

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FAQ

1) What is SAP SE's Rule of 40 (EBIT margin)?

As of today, Microsoft Corp's last 12-month Rule of 40 (EBIT margin) is 26.7%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Rule of 40 (EBIT margin) for SAP SE have been 21.9% over the past three years, and 24.3% over the past five years.

2) Is SAP SE's Rule of 40 (EBIT margin) Good?

As of today, SAP SE's Rule of 40 (EBIT margin) is 26.7%, which is higher than industry median of 3.8%. It indicates that SAP SE's Rule of 40 (EBIT margin) is Good.

3) How does SAP SE's Rule of 40 (EBIT margin) compare to its peers?

As of today, SAP SE's Rule of 40 (EBIT margin) is 26.7%, which is lower than peer median of 35.4%. The list of peers includes COIN, APP, CDNS, SHOP, INTU, NOW, CRM, UBER, WDAY, MSTR.