Eni S.p.A. Sponsored ADR (E) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 23	$1.19	$1.06	-10.9%	—	$24.6B	—
Q3 23	$1.13	$1.14	+0.9%	—	$22.3B	—
Q1 23	$1.44	$1.9	+31.9%	—	$27.2B	—
Q4 22	$2.08	$1.57	-24.5%	—	$31.5B	—
Q3 22	—	$2.13	—	—	$37.3B	—
Q2 22	—	$2.28	—	—	$31.6B	—
Q1 22	—	$2.04	—	—	$32.1B	—
Q4 21	—	$1.33	—	—	$26.8B	—
Q3 21	$0.81	$0.94	+16.0%	—	$19B	—
Q2 21	$0.42	$0.58	+38.1%	—	$16.3B	—
Q1 21	—	$0.19	—	—	$14.5B	—
Q4 20	—	$0.02	—	—	$11.6B	—
Q3 20	—	-$0.09	—	—	$10.3B	—
Q2 20	—	-$0.44	—	—	$8.2B	—
Q1 20	—	$0.04	—	—	$13.9B	—
Q4 19	$0.7	$0.33	-52.9%	—	$16.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.56	—	—	$82.2B	—
FY24	—	$1.58	—	—	$88.8B	—
FY23	—	$2.82	—	—	$93.7B	—
FY22	—	$7.92	—	—	$132.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$55.8B	$66.9B	$75.8B	$69.9B	$44B	$76.6B	$132.5B	$93.7B	$88.8B	$82.2B
YoY change	-22.9%	+20%	+13.3%	-7.84%	-37.1%	+74.1%	+73%	-29.3%	-5.25%	-7.48%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	55.8B	66.9B	75.8B	69.9B	44B	76.6B	132.5B	93.7B	88.8B	82.2B
Cost of revenue	50.8B	59B	62.6B	59B	40.9B	62.6B	109.7B	81.3B	78.7B	74.4B
Gross profit	4.9B	7.9B	13.2B	10.9B	3.1B	14B	22.8B	12.4B	10.1B	7.7B
Gross margin	8.83%	11.8%	17.4%	15.6%	7.12%	18.2%	17.2%	13.2%	11.4%	9.43%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3B	3B	3.1B	3B	2.9B	2.9B	3B	3.1B	3.3B	3.2B
Operating expenses	2.1B	2.2B	2.4B	2B	1.9B	2.9B	3B	3.1B	3.3B	3.2B
Operating income	1.9B	4.9B	10.1B	7.9B	269M	11.1B	19.8B	9.3B	6.7B	4.5B
Operating margin	3.46%	7.38%	13.3%	11.3%	0.61%	14.5%	14.9%	9.89%	7.49%	5.49%
Non-operating income, net	-636M	3.9B	684M	-1.2B	-4.8B	103M	3.2B	1.7B	1.1B	2.2B
Pretax income	892M	6.8B	10.1B	5.7B	-6B	10.7B	22B	10.2B	6.5B	5.8B
Income tax	1.9B	3.5B	6B	5.6B	2.6B	4.8B	8.1B	5.4B	3.7B	3B
Net income	-1.5B	3.4B	4.1B	155M	-8.6B	5.8B	14B	4.9B	2.8B	2.8B
Net margin	-2.61%	5.05%	5.46%	0.22%	-19.6%	7.63%	10.5%	5.19%	3.11%	3.36%
EBITDA	15.9B	16.8B	21.7B	20B	10.3B	21.9B	38.4B	26.6B	25.2B	21.7B
EPS	-0.82	1.88	2.3	0.08	-4.84	3.22	7.92	2.82	1.58	1.56
Diluted EPS	-0.82	1.88	2.3	0.08	-4.84	3.2	7.9	2.8	1.56	1.56

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	22.3B	24.6B	22.9B	21.7B	23.9B	23.5B	22.6B	18.8B	20.2B	20.6B	19.7B	22.3B
Cost of revenue	18.7B	21.8B	19.3B	19B	21.6B	21.7B	19.6B	16.9B	18.4B	19.5B	17.7B	19.5B
Gross profit	3.6B	2.9B	3.6B	2.7B	2.3B	1.8B	2.9B	1.8B	—	—	—	2.8B
Gross margin	16.2%	11.6%	15.8%	12.4%	9.6%	7.59%	13%	9.8%	—	—	—	12.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	663M	933M	839M	822M	946.1M	783M	870M	824M	744M	791M	823M	759M
Operating expenses	640M	933M	1B	931M	909.1M	783M	596M	662M	659M	791M	1.4B	532M
Operating income	3B	1.9B	2.6B	2.1B	1.4B	1.1B	2.3B	592M	1.2B	-199M	629M	2.6B
Operating margin	13.3%	7.53%	11.3%	9.52%	5.79%	4.67%	10.4%	3.15%	5.89%	-0.97%	3.19%	11.6%
Non-operating income, net	724M	-615M	522M	224M	988.9M	-798M	333M	1B	765M	709M	360M	1.7B
Pretax income	3.4B	1.2B	2.7B	2.1B	1.9B	44M	2.4B	1.4B	1.6B	298M	830M	4B
Income tax	1.5B	948M	1.5B	1.4B	1.3B	-244M	1.2B	844M	780M	161M	805M	1.3B
Net income	1.9B	204M	1.2B	695M	629.2M	288M	1.2B	561M	865M	137M	1.3B	3.4B
Net margin	8.67%	0.83%	5.39%	3.2%	2.63%	1.23%	5.3%	2.99%	4.28%	0.66%	6.48%	15.1%
EBITDA	7.3B	6.8B	6.5B	7.1B	6B	6.7B	7.2B	6.2B	4.6B	3.1B	4.3B	7.4B
EPS	1.14	0.1	0.74	—	0.32	0.14	0.72	0.32	0.5	0.02	0.68	2.22
Diluted EPS	1.14	0.1	0.74	—	0.32	0.14	0.72	0.32	0.48	0.02	0.68	2.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	56B	57.5B	54.5B	53.7B	35.5B	47.6B	48.2B	—	43.3B	57.4B	79.8B
Enterprise value	71.2B	68.3B	62.7B	70.7B	52.3B	66.1B	62.9B	—	65.2B	76.5B	121.4B
Shares outstanding	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.5B	1.6B	1.5B	1.5B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	17	13.2	346.2	—	8.15	3.45	—	15.7	20.8	12.5
P/S	1	0.86	0.72	0.77	0.81	0.62	0.36	—	0.49	0.7	0.87
P/B	1.06	1.19	1.07	1.12	0.95	1.07	0.87	—	0.78	1.09	1.52
EV/EBITDA	4.47	4.05	2.89	3.53	5.07	3.03	1.64	—	2.59	3.53	8.05
EV/Sales	1.28	1.02	0.83	1.01	1.19	0.86	0.47	—	0.73	0.93	1.19
Earnings yield	—	5.88%	7.59%	0.29%	—	12.3%	29%	—	6.38%	4.81%	7.99%
FCF yield	-2.69%	2.5%	8.3%	7.48%	0.5%	16%	19.5%	—	10.6%	7.15%	-12.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	8.83%	11.8%	17.4%	15.6%	7.12%	18.2%	17.2%	13.2%	11.4%	9.43%	12.6%
Operating margin	3.46%	7.38%	13.3%	11.3%	0.61%	14.5%	14.9%	9.89%	7.49%	5.49%	10.7%
Net margin	-2.61%	5.05%	5.46%	0.22%	-19.6%	7.63%	10.5%	5.19%	3.11%	3.36%	5.87%
ROE	-2.74%	6.99%	8.1%	0.32%	-23%	13.1%	25.3%	9.06%	4.97%	5.22%	10.9%
ROA	-1.17%	2.93%	3.49%	0.13%	-7.87%	4.24%	9.18%	3.41%	1.88%	2.01%	3.07%
ROIC	0%	4.12%	6.99%	0.33%	0.5%	9.6%	17.9%	6.16%	3.65%	2.99%	2.93%
Return on tangible assets	-1.23%	3.07%	3.69%	0.13%	-8.31%	4.56%	9.9%	3.74%	2.06%	2.21%	3.93%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.37	1.46	1.4	1.18	1.37	1.32	1.27	1.3	1.14	1.33	1.48
Quick ratio	1.2	1.27	1.23	1.02	1.2	1.18	1.11	1.14	0.98	1.19	1.33
Debt / equity	0.51	0.51	0.51	0.63	0.85	0.74	0.58	0.64	0.66	0.65	0.65
Debt / assets	0.22	0.21	0.22	0.24	0.29	0.24	0.21	0.24	0.25	0.25	0.25
Net debt / EBITDA	0.95	0.64	0.38	0.85	1.63	0.85	0.38	0.67	0.87	0.88	1.13
Interest coverage	1.14	2.16	3.17	2.41	-0.21	3.53	3.36	2.26	1.72	1.71	2.11
Effective tax rate	100%	50.7%	59.1%	97.3%	0%	45.3%	36.7%	52.5%	57.4%	52.3%	45.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32.1	38.6	43.8	40.3	25.5	44.5	78.8	62.1	56.1	54.3	60.6
EPS (basic)	-0.82	1.88	2.3	0.08	-4.84	3.22	7.92	2.82	1.58	1.56	1.56
EPS (diluted)	-0.82	1.88	2.3	0.08	-4.84	3.2	7.9	2.8	1.56	1.56	4.37
Book value per share	30.6	27.9	29.5	27.6	21.8	25.9	32.9	35.6	35.1	34.9	35.9
FCF per share	-0.87	0.83	2.62	2.32	0.1	4.43	5.59	3.91	2.91	2.71	2.15
Cash per share	6.95	8.02	10.2	7.58	8.65	8.47	10.2	10.8	9.43	9.98	10.4
Capex per share	5.21	3.32	4.44	4.5	2.55	2.76	4.49	5.71	4.2	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	16.2%	8.59%	10.1%	11.2%	9.99%	6.2%	5.7%	9.19%	7.49%	—	—
Capex / operating cash flow	82.3%	33.7%	41.2%	52.3%	204.3%	31.4%	29%	44.6%	41.7%	—	—
Payout ratio	-197.7%	85.3%	71.4%	1.9K%	-22.8%	40.4%	21.6%	62.7%	111%	111.7%	54.8%
Dividend yield	5.14%	5.01%	5.42%	5.62%	5.53%	4.96%	6.25%	—	7.08%	5.37%	4.52%

Yield

4.52%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.628

ex-dividend Sep 22, 2026

Payout ratio

55%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 22, 2026	$0.628
May 19, 2026	$0.631
Mar 24, 2026	$0.614
May 20, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$22.3B	$24.6B	$22.9B	$21.7B	$23.9B	$23.5B	$22.6B	$18.8B	$20.2B	$20.6B	$19.7B	$22.3B
YoY change	-40.2%	-21.9%	-15.6%	+10.8%	+7.05%	-4.61%	-1.62%	-13.6%	-15.4%	-12.2%	-12.5%	+18.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	12.1B	13.9B	17.7B	13.1B	14.9B	14.6B	17.1B	16.3B	14.9B	15.1B
Receivables	11.2B	14.2B	12.5B	8.5B	7.1B	15.5B	16.6B	13.2B	12.6B	9B
Inventory	4.6B	4.6B	4.7B	4.7B	3.9B	6.1B	7.7B	6.2B	6.3B	5.1B
Total current assets	38B	36B	39.7B	34.9B	32.9B	57.9B	61.9B	49.3B	44B	48.9B
Property, plant & equipment	67.4B	-28.6B	63.1B	64.6B	55.9B	58.4B	57.9B	57.5B	61.5B	51.6B
Goodwill & intangibles	6.5B	4.9B	6.3B	6.1B	5.9B	9.6B	11.1B	12.8B	12.9B	12B
Total assets	124.5B	115.1B	118.4B	123.4B	109.6B	137.8B	152.1B	142.6B	146.9B	137.1B
Accounts payable	11B	15.3B	11.6B	10.5B	8.7B	16.8B	19.5B	14.2B	15.2B	13.9B
Short-term debt	6.7B	4.5B	5.8B	6.5B	5.6B	5B	8.4B	8.1B	10.1B	9.6B
Total current liabilities	27.7B	24.7B	28.4B	29.6B	24.1B	44B	48.8B	37.9B	38.7B	36.8B
Long-term debt	20.6B	20.2B	20.1B	23.7B	26.1B	28.1B	23.4B	25.9B	26.7B	24.6B
Total liabilities	71.5B	66.8B	67.3B	75.5B	72.2B	93.2B	96.9B	89B	91.3B	84.3B
Shareholders' equity	53.1B	48.3B	51.1B	47.9B	37.5B	44.5B	55.2B	53.6B	55.6B	52.8B
Total debt	27.2B	24.7B	25.9B	30.2B	31.7B	33.1B	31.9B	34.1B	36.8B	34.2B
Net debt	21.6B	17.3B	15B	24.2B	22.3B	24.9B	23B	24.6B	28.7B	26.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	18.5B	—	16.8B	—	19.5B	—	16.7B	—	16.3B	15.1B	20B	15.1B
Receivables	14.7B	—	17.2B	—	15.7B	—	17B	—	12.4B	9B	14.5B	9B
Inventory	6.9B	—	6.3B	—	7.6B	—	5.6B	—	6.3B	5.1B	5.4B	6.4B
Total current assets	48.1B	—	47.6B	—	51.6B	—	46.4B	—	41.4B	48.9B	68.1B	61.7B
Property, plant & equipment	62.6B	—	64.9B	—	71.4B	—	60.9B	—	58.8B	51.6B	53.9B	54.1B
Goodwill & intangibles	5.4B	—	6.4B	—	7.5B	—	6.4B	—	6B	12B	1.5B	3.1B
Total assets	141B	—	146.5B	—	161.2B	—	144.5B	—	135B	137.1B	147.7B	147B
Accounts payable	17.8B	—	19.5B	—	20.2B	—	20.7B	—	17.7B	13.9B	21B	14.9B
Short-term debt	5.9B	—	9.5B	—	10.8B	—	10.7B	—	10.5B	9.6B	10.4B	8.8B
Total current liabilities	33.6B	—	38.1B	—	39.6B	—	37.3B	—	34.3B	36.8B	46.3B	41.7B
Long-term debt	26.1B	—	26.9B	—	30.1B	—	25.1B	—	24.1B	24.6B	26.2B	28.2B
Total liabilities	83.7B	—	91.4B	—	99.3B	—	87.2B	—	82B	84.3B	93.4B	90.1B
Shareholders' equity	57.3B	—	55.1B	—	61.9B	—	57.3B	—	53B	52.8B	54.3B	56.9B
Total debt	32B	—	36.4B	—	40.9B	—	35.8B	—	34.7B	34.2B	36.6B	37B
Net debt	22.5B	—	27.6B	—	30B	—	26.7B	—	25.7B	26.1B	28.3B	28.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-1B	3.4B	4.1B	155M	-8.6B	5.8B	14B	4.9B	2.8B	2.8B
Depreciation & amortization	7.6B	7.5B	7B	8.1B	7.3B	7.1B	7.2B	7.5B	7.6B	7.3B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	2.1B	1.4B	1.6B	366M	-18M	-3.1B	-1.3B	1.8B	1.3B	2.7B
Operating cash flow	11B	17B	18.7B	14.9B	2.2B	15.1B	26.1B	19.3B	16B	13.3B
Capital expenditure	-9B	-5.7B	-7.7B	-7.8B	-4.4B	-4.7B	-7.6B	-8.6B	-6.7B	—
Investing cash flow	-4.3B	-3.6B	-7.2B	-11.1B	-4.3B	-11.7B	-6.7B	-8.9B	-9.4B	-1.5B
Dividends paid	-2.9B	-2.9B	-3B	-3B	-2B	-2.4B	-3B	-3B	-3.1B	-3.1B
Share repurchases	0	—	—	-400M	—	-400M	-2.4B	-1.8B	-2B	-1.9B
Financing cash flow	-3.7B	-4.6B	-2.6B	-5.8B	3.3B	-2B	-8.5B	-5.7B	-5.2B	-3.3B
Net change in cash	3B	8.9B	8.8B	-2B	1.1B	1.3B	10.9B	4.7B	1.4B	8.6B
Free cash flow	-1.5B	1.4B	4.5B	4B	178M	7.6B	9.4B	5.9B	4.6B	4.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	865M	137M	25M	4.6B
Depreciation & amortization	—	—	—	—	—	—	—	—	1.8B	1.8B	1.6B	1.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-615M	-2.1B	233M	2.6B	1.6B	-2.9B	416M	2.9B	152M	2.5B	-510M	-704M
Operating cash flow	-615M	-2.1B	233M	2.6B	1.6B	-2.9B	416M	2.9B	3.1B	4.3B	1.4B	4.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-699M	-204M	-423M	-602M
Dividends paid	—	—	—	—	—	—	—	—	-781M	-775M	-766M	-786M
Share repurchases	—	—	—	—	—	—	—	—	-560M	-670M	-289M	-560M
Financing cash flow	—	—	—	—	—	—	—	—	-1.8B	-1.3B	1.9B	-1.7B
Net change in cash	-615M	-2.1B	233M	2.6B	1.6B	-2.9B	416M	2.9B	607M	2.8B	2.9B	2B
Free cash flow	—	—	—	—	—	—	—	—	900M	1.3B	-1B	2.1B

Eni S.p.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history