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Friday 6 November 2026 Export E’s income statement to Excel — free account

Eni SpA

E Energy Oil & Gas Integrated

Eni SpA’s revenue for fiscal 2025 (year ended December 2025) was $94.6 billion, down 4.14% from fiscal 2024.

Revenue
+24.8%
EPS
+380.2%
Free cash flow
+26.4%
Total debt
+15.8%

Quarter to September 2026, against a year earlier

55.84 0.70 −1.24%
Market cap
$81.2B
P/E
8.9×
Fwd P/E
8.8×
Dividend yield
4.41%
F-score
7/9
Altman Z
1.52
Beneish M
−2.97
Dividend safety
34/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 81,170.00
Revenue ttm 104,503.52
Net income ttm 5,025.58
Free cash flow ttm 5,925.14
Net debt Q 13,162.83
Valuation
P/E 8.90
Forward P/E 8.78
Price / sales 0.77
Forward P/S Powerpack
Price / FCF 13.60
Price / book 1.21
Financial health
Current ratio Q 1.18
Debt / equity Q 0.59
Interest coverage Q 1.05
Growth
Revenue growth Q +24.78% (above 0%: growing)
Operating income growth Q +36.42% (above 0%: growing)
EPS, this year +76.29% (at or above 15%: strong)
EPS, next year A −7.38% (below 0%: weak)
Revenue, next year A −22.35% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +14.58%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.8×; over the ten years it ranged from 0.2× in 2017 to 1.6× in 2016.
P/E against its own 10 years 23.49%
10-year low 10-year high
P/S against its own 10 years 74.31%
10-year low 10-year high
P/B against its own 10 years 95.53%
10-year low 10-year high
EV/Sales against its own 10 years 66.19%
10-year low 10-year high
EV/FCF against its own 10 years 68.39%
10-year low 10-year high

Dividends raised 5 years running

Yield
4.41%
Annual rate
2.46
Payout ratio
40.0%
Growth, 2017–25
+3.03%/yr
  1. 1.83 ’17
  2. 1.91 ’18 +4
  3. 1.86 ’19 −3
  4. 1.23 ’20 −33
  5. 1.58 ’21 +28
  6. 1.81 ’22 +14
  7. 1.96 ’23 +8
  8. 2.09 ’24 +7
  9. 2.32 ’25 +11
  10. 0.92 ’26e −60
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 18,372 17,384 17,074 26,298
Receivables 18,411 19,041 14,680 17,492
Inventory 6,695 6,773 5,819 9,221
Other 7,071 3,963 8,659 7,440
50,549 47,160 46,231 60,451
2023 2024 2025 Q'26
Payables 22,354 23,906 22,923 26,196
ST’ Debt 7,590 9,544 9,462 9,625
Other 6,038 5,464 4,570 13,759
39,027 40,933 38,772 51,328

Compound Annual Growth %

10y 5y 3y
Sales 2.14% 13.01% (12.42%)
Cash Flow 1.33% 22.32% (6.41%)
Earnings 0.00% 0.00% (41.36%)
Book Value 0.02% 6.88% 0.87%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 1.92 Actual 2.13

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.78 0.87 Beat by 0.09
Mar 2026 1.13 0.81 Miss by 0.32
Jun 2026 1.90 1.76 Miss by 0.14
Sep 2026 1.92 2.13 Beat by 0.21
Dec 2026 1.93 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.80 2.53 2.72 — —
’25 0.76 0.36 0.56 0.10 1.76
’24 0.80 0.41 0.35 0.15 1.71
’23 1.50 0.17 1.24 0.11 3.03
’22 2.24 2.28 3.37 0.39 8.28
’21 0.58 0.14 0.78 2.42 4.00
’20 (1.81) (2.71) (0.33) (0.66) (5.46)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 23,479 26,356 29,966 — —
’25 24,193 21,707 24,016 24,702 94,618
’24 25,155 24,830 23,109 25,609 98,703
’23 29,388 21,603 24,652 26,977 102,619
’22 36,465 33,851 37,840 32,697 140,853
’21 17,842 20,050 22,704 31,415 92,011
’20 15,540 9,254 12,298 14,252 51,343
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,670 4,954 4,951 — —
’25 2,513 4,187 3,797 4,585 15,082
’24 2,067 4,906 3,442 3,751 14,167
’23 3,201 4,895 3,815 4,452 16,363
’22 3,477 4,272 5,211 5,436 18,396
’21 1,659 3,273 3,353 6,931 15,216
’20 1,076 1,543 1,864 1,026 5,508
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,166) 2,407 3,415 — —
’25 597 1,676 2,702 1,268 6,244
’24 199 2,750 1,183 2,342 6,473
’23 959 2,120 1,813 1,665 6,557
’22 1,949 2,421 3,301 2,408 10,080
’21 392 1,875 2,013 4,988 9,267
’20 (674) 481 652 (242) 217
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 62,736 80,225 90,864 79,566 51,343 92,011 140,853 102,619 98,703 94,618 104,504 +4.7% 73,472 66,426 60,871 (13.7%)
Gross margin, % 22.17 26.09 27.71 28.39 25.35 28.57 23.31 22.13 22.04 19.82 19.54 (2.4) pt
EBT 987 7,736 11,936 6,436 (6,829) 12,641 23,231 11,070 7,022 6,537 8,928 +23.4%
EBT margin, % 1.57 9.64 13.14 8.09 (13.30) 13.74 16.49 10.79 7.11 6.91 8.54 +5.3 pt
Net income (1,155) 3,817 4,886 174 (9,856) 6,909 14,709 5,260 2,991 3,120 5,026 n/m
Per share, $
Per share, $ Revenue 34.84 44.56 50.46 44.30 28.74 51.60 80.87 62.12 62.33 62.56 72.41 +6.7%
Earnings (0.90) 2.15 2.76 0.09 (5.48) 4.00 8.28 3.05 1.73 1.76 6.27 n/m
Cash flow 4.72 6.35 8.95 7.73 3.08 8.53 10.56 9.91 8.95 9.97 11.20 +8.7%
Capex (5.63) (3.72) (5.26) (5.05) (2.96) (3.34) (4.77) (5.94) (4.86) (5.84) (7.09) +0.4%
Free cash flow (0.91) 2.63 3.69 2.68 0.12 5.20 5.79 3.97 4.09 4.13 4.11 n/m
Book value 32.63 30.18 33.50 29.87 23.98 29.54 33.41 35.15 38.03 39.49 45.97 +2.1%
Shares, m 1,801 1,801 1,801 1,796 1,786 1,783 1,742 1,652 1,584 1,512 1,474 (1.9%)
Valuation, ×
Valuation, × P/E 0.00 15.42 11.59 281.45 0.00 7.05 3.47 11.22 15.82 20.98 8.90 36.7
P/S 0.94 0.75 0.62 0.70 0.72 0.54 0.36 0.55 0.44 0.61 0.77 0.6
P/B 1.00 1.11 0.94 1.04 0.86 0.94 0.86 0.97 0.72 0.96 1.21 0.9
EV/Sales 1.20 0.91 0.73 0.86 0.97 0.71 0.42 0.67 0.60 0.77 0.90 0.8
EV/FCF (45.90) 15.46 10.05 14.29 230.16 7.01 5.86 10.54 9.09 11.62 15.82 26.8
Cash, $m
Cash, $m Operating cash flow 8,491 11,435 16,117 13,879 5,508 15,216 18,396 16,363 14,167 15,082 16,159 +6.6%
Capex (10,138) (6,707) (9,478) (9,066) (5,291) (5,949) (8,316) (9,807) (7,694) (8,837) (10,234) (1.5%)
Free cash flow (1,647) 4,728 6,640 4,813 217 9,267 10,080 6,557 6,473 6,244 5,925 n/m
Balance, $m
Balance, $m Working capital 11,370 13,222 13,071 5,897 10,471 17,110 13,570 11,522 6,227 7,459 9,123 (4.6%)
Net debt 16,777 12,575 10,011 13,176 13,156 15,663 8,967 12,721 15,501 15,173 13,163 (1.1%)
Shareholders’ equity 58,745 54,344 60,317 53,648 42,828 52,670 58,190 58,059 60,217 59,723 66,344 +0.2%
Returns, %
Returns, % ROA (1.13) 2.85 3.61 0.12 (7.49) 4.78 9.05 3.28 1.81 1.88 5.35 +3.0 pt
ROIC 1.98 8.46 10.48 6.74 (4.18) 13.35 17.17 7.89 4.68 4.73 3.67 +2.8 pt
ROE (2.74) 6.74 8.50 0.29 (20.45) 14.42 26.40 8.88 4.80 4.92 13.98 +7.7 pt
People
People Employees 33,536 32,934 31,701 32,053 31,495 32,689 32,188 33,142 32,492 32,349 — (0.4%)
Revenue/emp, $m 1.87 2.44 2.87 2.48 1.63 2.81 4.38 3.10 3.04 2.92 — +5.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Eni SpA vs peers in Oil & Gas Integrated (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SHEL Shell PLC Unsponsored ADR $284.5B 8.6× — +35.38% (above 0%: growing) +137.66% (above 0%: growing) +89.58% (above 0%: growing) 29.72% 20.09% Compare
TTE TotalEnergies SE Sponsored ADR $195.8B 8.7× 8.0× +41.09% (above 0%: growing) +126.88% (above 0%: growing) +110.23% (above 0%: growing) 43.09% 21.60% Compare
BP BP p.l.c. $115.1B 13.0× 7.7× +41.90% (above 0%: growing) +302.22% (above 0%: growing) +156.51% (above 0%: growing) 33.41% 13.86% Compare
EQNR Equinor ASA $101.7B 8.8× 8.3× +27.41% (above 0%: growing) n/m +60.93% (above 0%: growing) 56.42% 36.02% Compare
E Eni SpA $81.2B 8.9× 8.8× +24.78% (above 0%: growing) +380.16% (above 0%: growing) +26.39% (above 0%: growing) 20.59% 7.15%
PBR Petroleo Brasileiro S.A.- Petrobras $70.0B 4.8× — +59.75% (above 0%: growing) +118.92% (above 0%: growing) +149.36% (above 0%: growing) 58.00% 42.41% Compare
CVE Cenovus Energy Inc $50.2B 10.7× 7.9× +41.33% (above 0%: growing) +226.47% (above 0%: growing) +18,996.54% (above 0%: growing) 42.35% 23.60% Compare
PBR.A Petroleo Brasileiro S.A.- Petrobras $45.6B 4.2× — +59.75% (above 0%: growing) +118.92% (above 0%: growing) +149.36% (above 0%: growing) 58.00% 42.41% Compare
EC Ecopetrol S.A. $32.0B 8.3× 5.7× +103.23% (above 0%: growing) +290.48% (above 0%: growing) +62.31% (above 0%: growing) 40.10% 31.80% Compare
Median of peers $85.8B 8.7× 7.9× +41.62% +137.66% +129.80% 42.72% 27.70%

All 19 Oil & Gas Integrated stocks →

Eni SpA (E) Latest News

2 Nov

Impact 3 · · Zacks

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · TIKR

28 Oct

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

27 Oct

Impact 4 · · offshore-technology.com

26 Oct

Impact 4 · · euronews.com
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · The Motley Fool

24 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St. earnings

23 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Oilprice.com
Impact 4 · · Investing.com
Impact 4 · · Associated Press
Impact 3 · · MT Newswires earnings

22 Oct

Impact 4 · · Oilprice.com

21 Oct

Impact 4 · · offshore-technology.com
Impact 3 · · MT Newswires
Impact 3 · · Zacks

20 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks

E metrics, ten years each

stockrow.com/E · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com