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) Operating margin

Alert me on Operating margin

Eni SpA's operating margin over the twelve months to 30 September 2026 was 4.46%, down 1.5 percentage points from fiscal 2025 (5.99%). Over the past ten years it has ranged from −7.29% (fiscal 2020) to 15.9% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Oil & Gas Integrated industry median of 17.1% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 5.99% 0.25
FY2024 5.74% (2.97)
FY2023 8.71% (4.39)
FY2022 13.1% (2.77)
FY2021 15.9% 23.16
FY2020 −7.29% (16.34)
FY2019 9.05% (3.93)
FY2018 13.0% 1.69
FY2017 11.3% 7.49
FY2016 3.80% 7.83

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.15% 1.96
Jun 2026 5.19% 1.68
Mar 2026 3.51% 2.19
Dec 2025 1.32% (5.22)
43 more quarters

Against its own ten years

Low −7.29% High 15.9%
Ten-year median 8.71%
Current reading's percentile 28

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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