OTLY Consumer DefensiveBeta data

Oatly Group AB

$7.93+2.85%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Defensive
Industry: Packaged Foods
Country: Sweden
Market cap: 253.1M USD
Enterprise value: 772.8M USD
Full-time employees: 1,404

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.81 vs a peer median of 0.41) and less short-term liquidity (current ratio 0.43 vs a peer median of 1.52)higher risk: bigger price swings (beta 1.81 vs peers 0.41) and less liquidity (current ratio 0.43 vs peers 1.52)

Ranks #724 of 761 consumer defensive companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Oatly's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Operating loss narrowing. Operating margin -7.9% in 2025, the smallest loss relative to revenue of the last 6 years.
Oatly still lost money on operations in 2025 (margin -7.9%), but that was its smallest operating loss relative to revenue in the 6 years of filings we have.
Not profitable yet. Reported a loss over the last 12 months.
Oatly reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

18/ 100

Oct 5 18 → Nov 4 18

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

5/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-53.0%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.51Sector median: 0.0453 · MAD: 0.0301

EBITDA yield-1.8%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.99Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield-10.1%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.41Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield-9.7%

Yahoo FinanceOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

62/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 4.1%

Why

Stronger than most peers on:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0154 · MAD: 0.2529

3-year revenue growth6.1%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 0.52Sector median: 0.0366 · MAD: 0.0470

Revenue growth4.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.33Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

3/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 11.4 points to -7.9%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-7.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -3.04Sector median: 0.0759 · MAD: 0.0508

Return on assets-19.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.62Sector median: 0.0396 · MAD: 0.0262

Return on invested capital-11.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -2.80Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin33.0%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity-349.9%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 317%

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.81

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -4.30Sector median: 0.4070 · MAD: 0.1690

Current ratio0.43×

Yahoo FinanceOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.49Sector median: 1.5250 · MAD: 0.6460

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -5.63Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Oatly

Is Oatly getting weaker?: Its latest SEC filing (Mar 13, 2026) got stronger: operating margin rose 11.4 points to -7.9%; debt up 317%. Its overall score is unchanged at 18/100 since Oct 28, 2026.
How is Oatly valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 5/100 against 823 consumer defensive peers. Earnings yield -53.0% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -53.0% vs peers 4.5% (weaker than 100% of peers).
Is Oatly growing?: Yes, faster than most of its peers. Growth scores 62/100 against 823 consumer defensive peers. 3-year revenue growth 6.1% vs a peer median of 3.7% (stronger than 66% of peers).3-year revenue growth 6.1% vs peers 3.7% (stronger than 66% of peers).
How profitable is Oatly?: Less profitable than most of its peers. Profitability scores 3/100 against 823 consumer defensive peers. Return on assets -19.4% vs a peer median of 4.0% (weaker than 100% of peers).Return on assets -19.4% vs peers 4.0% (weaker than 100% of peers).
How risky is Oatly?: Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 1.81 vs a peer median of 0.41 (weaker than 100% of peers).Beta 1.81 vs peers 0.41 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2025 · filed Mar 13, 2026 · compared with the quarter ended Jun 30, 2025

Got stronger

Operating margin rose 11.4 points to -7.9%
Debt up 317%

Worth watching: Oatly is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	828.2M USD	862.5M USD	+4.1%
Net income (12 months)	−194.1M USD	−152.8M USD	−21.3%
Operating margin	-19.2%	-7.9%	+11.4 pts
Free cash flow (12 months)	−72.7M USD	−36.1M USD	−50.3%
Debt	125.5M USD	523.0M USD	+316.6%
Cash	67.9M USD	64.3M USD	−5.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	24.1%	11.1%	19.4%	28.7%	32.1%	▲ 3.4 pts
Operating margin	-33.2%	-54.8%	-58.3%	-22.6%	-7.9%	▲ 15 pts
Net margin	-33.0%	-54.4%	-53.2%	-24.5%	-17.7%	▲ 6.8 pts
Return on assets (ROA)	-13.0%	-32.0%	-37.3%	-25.1%	-19.4%	▲ 5.7 pts
Return on equity (ROE)	-17.1%	-49.6%	-124.8%	-192.9%	-823.3%	▼ 630 pts
Free cash flow margin	-75.8%	-65.2%	-29.6%	-18.6%	-4.2%	▲ 14 pts
Current ratio	3.32×	1.41×	0.83×	0.56×	0.48×	▼ 15%
Quick ratio	2.92×	1.08×	0.71×	0.44×	0.35×	▼ 19%
Debt to equity	0.01×	0.13×	0.38×	4.32×	28.19×	▲ 553%
Interest coverage	-13.58×	-23.76×	-6.62×	-2.65×	-0.78×	▲ 71%

OTLY price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.81 vs a peer median of 0.41) and less short-term liquidity (current ratio 0.43 vs a peer median of 1.52)higher risk: bigger price swings (beta 1.81 vs peers 0.41) and less liquidity (current ratio 0.43 vs peers 1.52)

Ranks #724 of 761 consumer defensive companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Oatly's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Operating loss narrowing. Operating margin -7.9% in 2025, the smallest loss relative to revenue of the last 6 years.

Oatly still lost money on operations in 2025 (margin -7.9%), but that was its smallest operating loss relative to revenue in the 6 years of filings we have.

Not profitable yet. Reported a loss over the last 12 months.

Oatly reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Oatly

Is Oatly getting weaker?

Its latest SEC filing (Mar 13, 2026) got stronger: operating margin rose 11.4 points to -7.9%; debt up 317%. Its overall score is unchanged at 18/100 since Oct 28, 2026.

How is Oatly valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 5/100 against 823 consumer defensive peers. Earnings yield -53.0% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -53.0% vs peers 4.5% (weaker than 100% of peers).

Is Oatly growing?

Yes, faster than most of its peers. Growth scores 62/100 against 823 consumer defensive peers. 3-year revenue growth 6.1% vs a peer median of 3.7% (stronger than 66% of peers).3-year revenue growth 6.1% vs peers 3.7% (stronger than 66% of peers).

How profitable is Oatly?

Less profitable than most of its peers. Profitability scores 3/100 against 823 consumer defensive peers. Return on assets -19.4% vs a peer median of 4.0% (weaker than 100% of peers).Return on assets -19.4% vs peers 4.0% (weaker than 100% of peers).

How risky is Oatly?

Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 1.81 vs a peer median of 0.41 (weaker than 100% of peers).Beta 1.81 vs peers 0.41 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

828.2M USD

862.5M USD

+4.1%

Net income (12 months)

−194.1M USD

−152.8M USD

−21.3%

Operating margin

-19.2%

-7.9%

+11.4 pts

Free cash flow (12 months)

−72.7M USD

−36.1M USD

−50.3%

Debt

125.5M USD

523.0M USD

+316.6%

Cash

67.9M USD

64.3M USD

−5.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

24.1%

11.1%

19.4%

28.7%

32.1%

▲ 3.4 pts

Operating margin

-33.2%

-54.8%

-58.3%

-22.6%

-7.9%

▲ 15 pts

Net margin

-33.0%

-54.4%

-53.2%

-24.5%

-17.7%

▲ 6.8 pts

Return on assets (ROA)

-13.0%

-32.0%

-37.3%

-25.1%

-19.4%

▲ 5.7 pts

Return on equity (ROE)

-17.1%

-49.6%

-124.8%

-192.9%

-823.3%

▼ 630 pts

Free cash flow margin

-75.8%

-65.2%

-29.6%

-18.6%

-4.2%

▲ 14 pts

Current ratio

3.32×

1.41×

0.83×

0.56×

0.48×

▼ 15%

Quick ratio

2.92×

1.08×

0.71×

0.44×

0.35×

▼ 19%

Debt to equity

0.01×

0.13×

0.38×

4.32×

28.19×

▲ 553%

Interest coverage

-13.58×

-23.76×

-6.62×

-2.65×

-0.78×

▲ 71%