NYSE : E
Eni S.p.A. — Financial statements
Energy · Oil & Gas Integrated · Italy
Last price 60.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 88.30B
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Financial statements
Eni S.p.A. (E) reported revenue of 97.28B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 95.70B | 82.15B | 88.80B | 93.72B | 132.51B | 76.58B |
| Other Revenue | 1.58B | 1.45B | 2.37B | 1.07B | 1.13B | 1.09B |
| Revenue | 97.28B | 83.60B | 91.17B | 94.79B | 133.64B | 77.66B |
| Cost of Revenue | 75.94B | 66.75B | 70.79B | 73.52B | 102.16B | 55.23B |
| Gross Profit | 21.34B | 16.85B | 20.38B | 21.27B | 31.48B | 22.43B |
| Selling, General & Admin | 3.31B | 3.29B | 3.33B | 3.19B | 3.09B | 2.92B |
| Other Operating Expenses | 1.31B | -305.00M | 303.00M | -74.00M | 2.00B | -437.00M |
| Operating Expenses | 13.11B | 11.62B | 14.37B | 11.05B | 12.47B | 10.02B |
| Operating Income | 8.23B | 5.23B | 6.01B | 10.22B | 19.01B | 12.42B |
| Interest Expense | -1.25B | -1.31B | -1.04B | -831.00M | -789.00M | |
| Interest & Investment Income | 1.48B | 861.00M | 1.48B | 1.63B | 3.82B | 303.00M |
| Earnings From Equity Investments | 2.08B | 1.16B | 866.00M | 1.34B | 1.84B | -1.09B |
| Currency Exchange Gain (Loss) | 133.00M | 133.00M | -38.00M | 255.00M | 238.00M | 476.00M |
| Other Non Operating Income (Expenses) | -40.00M | -40.00M | -188.00M | -86.00M | -204.00M | -100.00M |
| EBT Excluding Unusual Items | 11.89B | 6.10B | 6.82B | 12.31B | 23.87B | 11.21B |
| Merger & Restructuring Charges | -285.00M | -70.00M | -66.00M | -56.00M | -78.00M | -94.00M |
| Impairment of Goodwill | -9.00M | |||||
| Gain (Loss) on Sale of Investments | 150.00M | 235.00M | 388.00M | 284.00M | -55.00M | 11.00M |
| Gain (Loss) on Sale of Assets | 25.00M | 25.00M | 48.00M | 27.00M | 48.00M | 107.00M |
| Asset Writedown | -1.33B | -510.00M | -695.00M | -2.34B | -1.74B | -554.00M |
| Pretax Income | 10.44B | 5.78B | 6.49B | 10.23B | 22.05B | 10.69B |
| Income Tax Expense | 3.18B | 3.02B | 3.73B | 5.37B | 8.09B | 4.84B |
| Earnings From Continuing Operations | 7.27B | 2.76B | 2.76B | 4.86B | 13.96B | 5.84B |
| Earnings From Discontinued Operations | 555.00M | |||||
| Net Income to Company | 7.82B | 2.76B | 2.76B | 4.86B | 13.96B | 5.84B |
| Minority Interest in Earnings | -137.00M | -150.00M | -140.00M | -89.00M | -74.00M | -19.00M |
| Net Income | 7.68B | 2.61B | 2.62B | 4.77B | 13.89B | 5.82B |
| Preferred Dividends & Other Adjustments | 237.00M | 237.00M | 132.00M | 109.00M | 109.00M | 95.00M |
| Net Income to Common | 7.45B | 2.37B | 2.49B | 4.66B | 13.78B | 5.73B |
| Shares Outstanding (Basic) | 2.94B | 3.02B | 3.17B | 3.30B | 3.48B | 3.57B |
| Shares Outstanding (Diluted) | 3.00B | 3.09B | 3.23B | 3.33B | 3.49B | 3.57B |
| EPS (Basic) | 2.54 | 0.78 | 0.79 | 1.41 | 3.96 | 1.61 |
| EPS (Diluted) | 2.49 | 0.78 | 0.78 | 1.40 | 3.95 | 1.60 |
| Free Cash Flow | 5.35B | 4.63B | 5.09B | 6.38B | 9.76B | 7.91B |
| Free Cash Flow Per Share | 1.78 | 1.50 | 1.58 | 1.92 | 2.80 | 2.21 |
| Dividend Per Share | 0.27 | 1.05 | 1.00 | 0.94 | 0.88 | 0.86 |
| Gross Margin | 21.94% | 20.16% | 22.35% | 22.44% | 23.56% | 28.89% |
| Operating Margin | 8.46% | 6.25% | 6.59% | 10.78% | 14.23% | 15.99% |
| Profit Margin | 7.66% | 2.84% | 2.73% | 4.92% | 10.31% | 7.37% |
| Free Cash Flow Margin | 5.50% | 5.54% | 5.59% | 6.73% | 7.30% | 10.19% |
| EBITDA | 14.66B | 12.16B | 15.22B | 16.73B | 25.20B | 18.55B |
| EBITDA Margin | 15.07% | 14.54% | 16.69% | 17.64% | 18.86% | 23.89% |
| D&A For EBITDA | 6.43B | 6.93B | 9.21B | 6.51B | 6.19B | 6.13B |
| EBIT | 8.23B | 5.23B | 6.01B | 10.22B | 19.01B | 12.42B |
| EBIT Margin | 8.46% | 6.25% | 6.59% | 10.78% | 14.23% | 15.99% |
| Effective Tax Rate | 30.42% | 52.27% | 57.40% | 52.48% | 36.68% | 45.34% |
| Revenue as Reported | 97.31B | 83.63B | 91.21B | 94.82B | 133.69B | 77.77B |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.77B | 8.10B | 8.18B | 10.19B | 10.15B | 8.25B |
| Trading Asset Securities | 8.37B | 6.99B | 6.80B | 6.78B | 8.25B | 6.30B |
| Cash & Short-Term Investments | 20.14B | 15.09B | 14.98B | 16.98B | 18.41B | 14.55B |
| Accounts Receivable | 11.29B | 10.22B | 14.32B | 14.55B | 18.20B | 17.41B |
| Other Receivables | 7.56B | 7.38B | 5.21B | 4.27B | 5.27B | 6.38B |
| Receivables | 18.85B | 17.60B | 19.53B | 18.82B | 23.47B | 23.80B |
| Inventory | 8.01B | 5.14B | 6.26B | 6.19B | 7.71B | 6.07B |
| Other Current Assets | 8.52B | 11.03B | 3.23B | 4.72B | 12.28B | 13.46B |
| Total Current Assets | 55.51B | 48.87B | 44.00B | 46.70B | 61.86B | 57.88B |
| Property, Plant & Equipment | 55.10B | 55.72B | 65.69B | 61.13B | 60.78B | 61.12B |
| Long-Term Investments | 25.79B | 14.55B | 15.61B | 13.95B | 13.35B | 7.23B |
| Goodwill | 3.16B | 3.17B | 3.13B | 3.14B | 2.86B | |
| Other Intangible Assets | 1.52B | 2.86B | 3.27B | 3.25B | 2.39B | 1.94B |
| Long-Term Deferred Tax Assets | 6.88B | 6.72B | 6.32B | 4.48B | 4.57B | 2.71B |
| Other Long-Term Assets | 9.28B | 5.20B | 8.89B | 9.96B | 6.05B | 4.02B |
| Total Assets | 154.08B | 137.07B | 146.94B | 142.61B | 152.13B | 137.76B |
| Accounts Payable | 17.90B | 13.90B | 15.17B | 14.23B | 19.53B | 16.80B |
| Accrued Expenses | 1.97B | 2.14B | 2.21B | 1.82B | 1.88B | |
| Short-Term Debt | 5.05B | 4.93B | 4.24B | 4.09B | 4.45B | 2.30B |
| Current Portion of Long-Term Debt | 3.31B | 3.43B | 4.58B | 2.92B | 3.10B | 1.78B |
| Current Portion of Leases | 1.13B | 1.26B | 1.28B | 1.13B | 884.00M | 948.00M |
| Current Income Taxes Payable | 388.00M | 343.00M | 587.00M | 1.69B | 2.11B | 648.00M |
| Current Unearned Revenue | 1.66B | 1.51B | 1.29B | 1.85B | 1.03B | |
| Other Current Liabilities | 17.94B | 8.79B | 8.52B | 10.37B | 15.09B | 17.90B |
| Total Current Liabilities | 45.72B | 36.30B | 38.02B | 37.92B | 48.83B | 43.28B |
| Long-Term Debt | 25.92B | 20.14B | 21.57B | 21.72B | 19.37B | 23.71B |
| Long-Term Leases | 4.48B | 4.44B | 5.17B | 4.21B | 4.07B | 4.39B |
| Long-Term Unearned Revenue | 520.00M | 655.00M | 691.00M | 706.00M | 726.00M | |
| Pension & Post-Retirement Benefits | 719.00M | 596.00M | 681.00M | 748.00M | 786.00M | 819.00M |
| Long-Term Deferred Tax Liabilities | 4.31B | 4.80B | 5.58B | 4.70B | 5.09B | 4.83B |
| Other Long-Term Liabilities | 15.28B | 17.49B | 19.61B | 18.98B | 18.05B | 15.49B |
| Total Liabilities | 96.44B | 84.28B | 91.29B | 88.96B | 96.90B | 93.25B |
| Common Stock | 4.00B | 4.00B | 4.00B | 4.00B | 4.00B | 4.00B |
| Retained Earnings | 39.59B | 36.78B | 36.13B | 38.72B | 38.30B | 29.53B |
| Treasury Stock | -2.98B | -2.78B | -2.88B | -2.33B | -2.94B | -958.00M |
| Comprehensive Income & Other | 13.89B | 9.94B | 15.53B | 12.79B | 15.39B | 11.86B |
| Total Common Equity | 54.51B | 47.94B | 52.78B | 53.18B | 54.76B | 44.44B |
| Minority Interest | 3.13B | 4.85B | 2.86B | 460.00M | 471.00M | 82.00M |
| Shareholders' Equity | 57.64B | 52.79B | 55.65B | 53.64B | 55.23B | 44.52B |
| Total Liabilities & Equity | 154.08B | 137.07B | 146.94B | 142.61B | 152.13B | 137.76B |
| Total Debt | 39.90B | 34.20B | 36.84B | 34.06B | 31.87B | 33.13B |
| Net Cash (Debt) | -19.76B | -19.11B | -21.86B | -17.09B | -13.46B | -18.58B |
| Net Cash Per Share | -6.58 | -6.19 | -6.77 | -5.14 | -3.86 | -5.20 |
| Filing Date Shares Outstanding | 2.89B | 2.94B | 3.06B | 3.19B | 3.35B | 3.54B |
| Total Common Shares Outstanding | 2.89B | 2.96B | 3.08B | 3.22B | 3.35B | 3.54B |
| Working Capital | 9.79B | 12.57B | 5.98B | 8.78B | 13.04B | 14.60B |
| Book Value Per Share | 18.88 | 14.52 | 15.51 | 14.97 | 14.87 | 11.14 |
| Tangible Book Value | 52.98B | 41.92B | 46.35B | 46.80B | 49.23B | 39.64B |
| Tangible Book Value Per Share | 18.36 | 12.48 | 13.42 | 12.99 | 13.22 | 9.79 |
| Land | 4.44B | 4.41B | 4.35B | 4.25B | 4.17B | |
| Machinery | 33.42B | 33.23B | 32.12B | 31.33B | 30.62B | |
| Construction In Progress | 6.28B | 5.49B | 4.31B | 3.67B | 3.11B |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.68B | 2.61B | 2.62B | 4.77B | 13.89B | 5.82B |
| Depreciation & Amortization | 7.41B | 7.91B | 10.13B | 7.28B | 7.02B | 6.95B |
| Loss (Gain) From Sale of Assets | -111.00M | -99.00M | -601.00M | -441.00M | -524.00M | -102.00M |
| Asset Writedown & Restructuring Costs | 1.62B | 793.00M | 674.00M | 2.34B | 1.74B | 554.00M |
| Loss (Gain) on Equity Investments | -2.09B | -1.16B | -866.00M | -1.34B | -1.84B | 1.09B |
| Other Operating Activities | -1.90B | 543.00M | -154.00M | 697.00M | -1.54B | 1.69B |
| Change in Accounts Receivable | -3.92B | 3.21B | 1.15B | 3.32B | -1.04B | -7.89B |
| Change in Inventory | -2.54B | 916.00M | 68.00M | 1.79B | -2.53B | -2.03B |
| Change in Accounts Payable | 6.96B | -835.00M | 110.00M | -4.82B | 2.28B | 7.74B |
| Change in Other Net Operating Assets | 272.00M | -560.00M | -37.00M | 1.52B | 1.00M | -969.00M |
| Operating Cash Flow | 14.41B | 13.33B | 13.09B | 15.12B | 17.46B | 12.86B |
| Capital Expenditures | -9.06B | -8.70B | -8.00B | -8.74B | -7.70B | -4.95B |
| Sale of Property, Plant & Equipment | 389.00M | 1.41B | 1.35B | 122.00M | 149.00M | 207.00M |
| Cash Acquisitions | -695.00M | -196.00M | -1.79B | -1.28B | -1.64B | -1.90B |
| Divestitures | -45.00M | 118.00M | 887.00M | 395.00M | -60.00M | 76.00M |
| Sale (Purchase) of Intangibles | -429.00M | -523.00M | -465.00M | -444.00M | -339.00M | -283.00M |
| Investment in Securities | -1.72B | -1.88B | -919.00M | 570.00M | 340.00M | -5.51B |
| Other Investing Activities | -944.00M | 468.00M | -880.00M | 8.00M | 2.23B | 340.00M |
| Investing Cash Flow | -12.50B | -9.30B | -9.82B | -9.37B | -7.02B | -12.02B |
| Short-Term Debt Issued | 1.38B | |||||
| Long-Term Debt Issued | 1.88B | 3.52B | 4.97B | 130.00M | 3.56B | |
| Total Debt Issued | 3.71B | 1.88B | 3.52B | 4.97B | 1.50B | 3.56B |
| Short-Term Debt Repaid | -276.00M | -61.00M | -1.50B | -910.00M | ||
| Long-Term Debt Repaid | -5.41B | -5.95B | -4.12B | -5.07B | -3.83B | |
| Lease Payments | -1.21B | -1.25B | -1.21B | -963.00M | -994.00M | -939.00M |
| Total Debt Repaid | -1.93B | -5.69B | -6.01B | -5.62B | -5.07B | -4.74B |
| Net Debt Issued (Repaid) | 1.78B | -3.81B | -2.50B | -648.00M | -3.56B | -1.18B |
| Issuance of Common Stock | 758.00M | 1.78B | 1.99B | |||
| Repurchase of Common Stock | -2.65B | -1.91B | -2.01B | -1.80B | -2.40B | -400.00M |
| Common Dividends Paid | -3.53B | -3.39B | -3.21B | -3.18B | -3.15B | -2.42B |
| Other Financing Activities | 4.47B | 5.51B | 558.00M | -33.00M | 568.00M | -22.00M |
| Financing Cash Flow | 827.00M | -3.60B | -5.38B | -5.67B | -8.54B | -2.04B |
| Foreign Exchange Rate Adjustments | 84.00M | -198.00M | 83.00M | -62.00M | 16.00M | 52.00M |
| Net Cash Flow | 2.82B | 238.00M | -2.02B | 24.00M | 1.92B | -1.15B |
| Free Cash Flow | 5.35B | 4.63B | 5.09B | 6.38B | 9.76B | 7.91B |
| Free Cash Flow Margin | 5.50% | 5.54% | 5.59% | 6.73% | 7.30% | 10.19% |
| Free Cash Flow Per Share | 1.78 | 1.50 | 1.58 | 1.92 | 2.80 | 2.21 |
| Levered Free Cash Flow | 5.83B | -4.83B | 3.45B | 6.94B | 12.36B | 3.85B |
| Unlevered Free Cash Flow | 5.83B | -4.05B | 4.27B | 7.59B | 12.88B | 4.34B |
| Free Cash Flow After Leases | 4.14B | 3.38B | 3.89B | 5.42B | 8.77B | 6.97B |
| Cash Interest Paid | 1.30B | 1.27B | 1.13B | 919.00M | 851.00M | 792.00M |
| Cash Income Tax Paid | 3.89B | 3.74B | 5.83B | 6.28B | 8.49B | 3.76B |
| Change in Working Capital | 770.00M | 2.73B | 1.29B | 1.81B | -1.28B | -3.15B |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 86.27B | 57.47B | 41.84B | 54.66B | 47.78B | 49.18B |
| Enterprise Value | 111.83B | 84.07B | 64.48B | 71.27B | 63.44B | 69.29B |
| Last Close Price | 60.80 | 37.07 | 25.46 | 30.22 | 24.32 | 22.40 |
| PE Ratio | 10.64 | 20.65 | 16.22 | 10.61 | 3.25 | 7.55 |
| PS Ratio | 0.80 | 0.59 | 0.44 | 0.52 | 0.34 | 0.56 |
| PB Ratio | 1.35 | 0.93 | 0.73 | 0.92 | 0.81 | 0.97 |
| P/TBV Ratio | 1.47 | 1.17 | 0.87 | 1.06 | 0.91 | 1.09 |
| P/FCF Ratio | 14.74 | 10.58 | 7.93 | 7.75 | 4.58 | 5.47 |
| P/OCF Ratio | 5.47 | 3.67 | 3.09 | 3.27 | 2.56 | 3.36 |
| EV/Sales Ratio | 1.03 | 0.86 | 0.68 | 0.68 | 0.44 | 0.78 |
| EV/EBITDA Ratio | 6.84 | 5.89 | 4.09 | 3.85 | 2.35 | 3.28 |
| EV/EBIT Ratio | 12.18 | 13.69 | 10.36 | 6.31 | 3.12 | 4.91 |
| EV/FCF Ratio | 19.00 | 15.47 | 12.23 | 10.11 | 6.08 | 7.70 |
| Debt / Equity Ratio | 0.69 | 0.65 | 0.66 | 0.64 | 0.58 | 0.74 |
| Debt / EBITDA Ratio | 2.55 | 2.60 | 2.28 | 1.95 | 1.22 | 1.71 |
| Debt / FCF Ratio | 7.46 | 7.39 | 7.23 | 5.34 | 3.27 | 4.19 |
| Net Debt / Equity Ratio | 0.34 | 0.36 | 0.39 | 0.32 | 0.24 | 0.42 |
| Net Debt / EBITDA Ratio | 1.35 | 1.57 | 1.44 | 1.02 | 0.53 | 1.00 |
| Net Debt / FCF Ratio | 3.69 | 4.13 | 4.29 | 2.68 | 1.38 | 2.35 |
| Asset Turnover | 0.67 | 0.59 | 0.63 | 0.64 | 0.92 | 0.63 |
| Inventory Turnover | 10.64 | 11.71 | 11.38 | 10.58 | 14.83 | 11.09 |
| Quick Ratio | 0.85 | 0.90 | 0.91 | 0.94 | 0.86 | 0.89 |
| Current Ratio | 1.21 | 1.35 | 1.16 | 1.23 | 1.27 | 1.34 |
| Return on Equity (ROE) | 13.14% | 5.09% | 5.06% | 8.93% | 27.99% | 14.24% |
| Return on Assets (ROA) | 3.56% | 2.30% | 2.59% | 4.33% | 8.20% | 6.27% |
| Return on Invested Capital (ROIC) | 7.33% | 3.34% | 3.45% | 6.97% | 18.27% | 11.56% |
| Return on Capital Employed (ROCE) | 7.60% | 5.20% | 5.50% | 9.80% | 18.40% | 13.10% |
| Earnings Yield | 9.40% | 5.33% | 6.49% | 9.65% | 31.06% | 13.46% |
| FCF Yield | 6.79% | 9.45% | 12.60% | 12.90% | 21.83% | 18.30% |
| Dividend Yield | 2.88% | 6.34% | 7.62% | 6.12% | 6.59% | 7.04% |
| Payout Ratio | 30.59% | 129.98% | 122.18% | 66.74% | 22.66% | 41.56% |
| Buyback Yield / Dilution | 2.93% | 4.40% | 2.91% | 4.67% | 2.34% | -0.03% |
| Total Shareholder Return | 5.73% | 10.75% | 10.53% | 10.78% | 8.92% | 7.01% |