Oatly Group AB (OTLY) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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OTLY Revenue Growth
Revenue Breakdown
OTLY's revenue distribution by segment and geography
By Geography
OTLY Revenue Analysis (2019–2025)
As of May 6, 2026, Oatly Group AB (OTLY) generated trailing twelve-month (TTM) revenue of $893.3 million, reflecting strong growth of +15.6% year-over-year. The most recent quarter (Q1 2026) recorded $228.3 million in revenue, down 2.3% sequentially.
Looking at the longer-term picture, OTLY's 5-year compound annual growth rate (CAGR) stands at +15.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $862.5 million in 2025, representing a new all-time high.
When compared to Consumer Defensive sector peers including BYND (-17.1% YoY), SMPL (+6.3% YoY), and NOMD (-2.2% YoY), OTLY has underperformed the peer group in terms of revenue growth. Compare OTLY vs BYND →
OTLY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OTLYCurrent | $893M | +15.6% | +15.4% | -7.9% | |
 BYND | $275M | -17.1% | -7.5% | -84.7% | |
 SMPL | $1.5B | +6.3% | +12.2% | 15.1% | |
 NOMD | $3.0B | -2.2% | +3.8% | 10.7% | |
 BRZE | $738M | +24.4% | +37.5% | -19.6% | |
 LWAY | $212M | +13.7% | +15.8% | 7.6% |
OTLY Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $862.5M | +4.7% | $277.1M | 32.1% | $-67,730,000 | -7.9% |
| 2024 | $823.7M | +5.1% | $236.5M | 28.7% | $-186,152,000 | -22.6% |
| 2023 | $783.3M | +8.5% | $152.1M | 19.4% | $-457,012,000 | -58.3% |
| 2022 | $722.2M | +12.3% | $80.0M | 11.1% | $-395,985,000 | -54.8% |
| 2021 | $643.2M | +52.6% | $155.0M | 24.1% | $-213,743,000 | -33.2% |
| 2020 | $421.4M | +106.5% | $129.2M | 30.7% | $-47,093,000 | -11.2% |
| 2019 | $204.0M | - | $66.6M | 32.6% | $-30,759,000 | -15.1% |
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Start ComparisonOTLY — Frequently Asked Questions
Quick answers to the most common questions about buying OTLY stock.
Is OTLY's revenue growth accelerating or slowing?
OTLY revenue is accelerating at +15.6% year-over-year, exceeding the 5-year CAGR of +15.4%. TTM revenue reached $893M. Growth momentum has increased versus prior periods.
What is OTLY's long-term revenue growth rate?
Oatly Group AB's 5-year revenue CAGR of +15.4% reflects the sustained expansion pattern. Current YoY growth of +15.6% is above this long-term average.
How is OTLY's revenue distributed by segment?
OTLY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.