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

Eni SpA (E) Debt to equity

Alert me on Debt to equity

Eni SpA's debt to equity at the end of the quarter to 30 September 2026 was 0.6×, up 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2022) to 0.7× (fiscal 2020); the current reading is higher than 73% of that period. That is above the Oil & Gas Integrated industry median of 0.5× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (1.14%)
FY2024 0.5× 1.98%
FY2023 0.5× 9.87%
FY2022 0.5× (21.93%)
FY2021 0.6× (12.29%)
FY2020 0.7× 39.05%
FY2019 0.5× 1.09%
FY2018 0.5× (1.46%)
FY2017 0.5× 0.16%
FY2016 0.5× (0.85%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× 7.33%
Jun 2026 0.6× (2.75%)
Mar 2026 0.6× 5.56%
Dec 2025 0.5× (1.93%)
43 more quarters

Against its own ten years

Low 0.5× High 0.7×
Ten-year median 0.5×
Current reading's percentile 73

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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