Ericsson reported a net loss of approximately $2.0 billion in fiscal year 2023 following heavy goodwill writedowns tied to its Vonage acquisition and DOJ settlement charges. The company returned to a narrow profit in 2024, though earnings remain well below pre-acquisition levels as the company works to stabilize its cost structure.
Annual Earnings Of Ericsson
| Year |
Net Income (USD equiv.) |
YoY Change |
| 2015 | $0.8B | — |
| 2016 | −$0.3B | Loss |
| 2017 | −$1.6B | Deeper loss |
| 2018 | $0.2B | Recovery |
| 2019 | $0.7B | +250.0% |
| 2020 | $0.9B | +28.6% |
| 2021 | $1.5B | +66.7% |
| 2022 | $0.6B | −60.0% |
| 2023 | −$2.0B | Loss (goodwill) |
| 2024 | $0.4B | Recovery |
Ericsson P/E Ratio
| Year |
P/E Ratio |
Note |
| 2015 | 31.4x | — |
| 2016 | N/M | Net loss year |
| 2017 | N/M | Net loss year |
| 2018 | 88.2x | Recovered |
| 2019 | 37.6x | Compressed |
| 2020 | 33.5x | −10.9% |
| 2021 | 19.6x | −41.5% |
| 2022 | 29.4x | +50.0% |
| 2023 | N/M | Net loss year |
| 2024 | 45.2x | Recovered |
