Financials · E

ENI S.p.A. (E) financials

For fiscal 2025 (ended Dec 31, 2025), ENI S.p.A. reported €82.15B of revenue and €2.61B of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2025
€82.15B
Revenue growth, YoY
-7.5%
Net income, FY2025
€2.61B
Net income growth, YoY
-0.6%
Net margin
3.2%
Free cash flow, FY2025
€4.63B
EPS, diluted, FY2025
€0.78
EPS growth, YoY
+0.0%
Cash
€8.10B
Total debt
€20.14B
Annual revenue€82.15B
FY2016FY2025
Annual net income€2.61B
FY2016FY2025
Annual free cash flow€4.63B
FY2016FY2025

E revenue and earnings growth

E revenueFY2025€82.15B

FY YoY
-7.5%
5Y CAGR
+13.3%
10Y CAGR
+1.1%

E revenue was €82.15B for fiscal 2025 (ended Dec 31, 2025), down 7.5% from fiscal 2024. Compound annual growth was +13.3% over 5 years and +1.1% over 10 years. It rose in 4 of the last 10 fiscal years.

E net incomeFY2025€2.61B

FY YoY
-0.6%

E net income was €2.61B for fiscal 2025 (ended Dec 31, 2025), down 0.6% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

E EPSFY2025€0.78

FY YoY
+0.0%

E diluted EPS was €0.78 for fiscal 2025 (ended Dec 31, 2025), up 0.0% from fiscal 2024.

E free cash flowFY2025€4.63B

FY YoY
-9.1%
5Y CAGR
+62.0%

E free cash flow was €4.63B for fiscal 2025 (ended Dec 31, 2025), down 9.1% from fiscal 2024. Compound annual growth was +62.0% over 5 years. It rose in 3 of the last 8 fiscal years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue€82.15B€88.80B€93.72B€132.51B€76.58B€43.99B€69.88B€75.82B€66.92B€56.69B
Cost of revenue--------€18.75B€18.79B
Gross profit--------€48.17B€37.91B
Research and development€207.00M€178.00M€166.00M€164.00M€177.00M€157.00M€194.00M€197.00M€185.00M€161.00M
Operating income€5.01B€5.24B€8.26B€17.51B€12.34B-€3.27B€6.43B€9.98B€8.01B€2.16B
Interest expense€8.17B€8.98B€8.11B€9.33B€4.22B€4.96B€4.08B€4.66B€5.89B€6.23B
Pre-tax income€5.78B€6.49B€10.23B€22.05B€10.69B-€5.98B€5.75B€10.11B€6.84B€892.00M
Income tax€3.02B€3.73B€5.37B€8.09B€4.84B€2.65B€5.59B€5.97B€3.47B€1.94B
Net income€2.61B€2.62B€4.77B€13.89B€5.82B-€8.63B€148.00M€4.13B€3.37B€36.00M
EPS, basic€0.78€0.79€1.41€3.96€1.61-€2.42€0.04€1.15€0.94-€0.41
EPS, diluted€0.78€0.78€1.40€3.95€1.60-€2.42€0.04€1.15€0.94-€0.41
Diluted shares3.09B3.23B3.33B3.49B3.57B3.57B3.59B3.60B3.60B3.60B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents€8.10B€8.18B€10.19B€10.15B€8.25B€9.41B€5.99B€10.84B€7.36B€5.67B
Short-term investments€6.99B€6.80B€6.78B€8.25B€6.30B-----
Receivables€12.44B€16.90B€16.55B€20.84B€18.85B€10.93B€12.87B€14.10B€15.42B€17.59B
Inventory€5.14B€6.26B€6.19B€7.71B€6.07B€3.89B€4.73B€4.65B€4.62B€4.64B
Current assets-------€39.45B€36.43B€37.97B
Goodwill€3.16B€3.17B€3.13B€3.14B€2.86B€1.30B€1.26B€1.28B€1.20B€1.32B
Total assets€137.07B€146.94B€142.61B€100.69B€137.76B€109.65B€123.44B€118.37B€114.93B€124.55B
Current liabilities-------€28.38B€24.73B€27.70B
Long-term debt€20.14B€21.57B€21.72B€19.37B€23.71B€21.89B€18.91B€20.08B€20.18B€20.56B
Total debt€20.14B€21.57B€21.72B€19.37B€23.71B€21.89B€18.91B€20.08B€20.18B€20.56B
Total liabilities€84.28B€91.29B€88.96B€48.10B€93.25B€72.16B€75.54B€67.30B€66.85B€71.46B
Shareholders' equity€47.94B€52.78B€53.64B€55.23B€44.52B€37.49B€47.90B€51.07B€48.08B€53.09B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow€13.33B€13.09B€15.12B€17.46B€12.86B€4.82B€12.39B€13.65B€10.12B€7.67B
Capital expenditures€8.70B€8.00B€8.74B€7.70B€4.95B€4.41B€8.05B€8.78B€8.49B€9.07B
Free cash flow€4.63B€5.09B€6.38B€9.76B€7.91B€415.00M€4.34B€4.87B€1.63B-€1.39B
Investing cash flow-€9.30B-€9.82B-€9.37B-€7.02B-€12.02B-€4.59B-€11.41B-€7.54B-€3.77B-€4.44B
Financing cash flow-€3.60B-€5.38B-€5.67B-€8.54B-€2.04B€3.25B-€5.84B-€2.64B-€4.59B-€3.65B
Share repurchases€1.90B€2.01B€1.80B€2.40B€400.00M-€400.00M---
Depreciation and amortization€7.35B€7.60B€7.48B€7.21B€7.06B€7.30B€8.11B€6.99B€7.48B€7.56B

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-7.5%-5.2%-29.3%73.0%74.1%-37.1%-7.8%13.3%18.0%-22.9%
Net income growth, YoY-0.6%-45.0%-65.6%138.6%---96.4%22.3%9272.2%-
EPS growth, YoY0.0%-44.3%-64.6%146.9%---96.5%22.3%--
Gross margin--------72.0%66.9%
Operating margin6.1%5.9%8.8%13.2%16.1%-7.4%9.2%13.2%12.0%3.8%
Net margin3.2%3.0%5.1%10.5%7.6%-19.6%0.2%5.4%5.0%0.1%
Free cash flow margin5.6%5.7%6.8%7.4%10.3%0.9%6.2%6.4%2.4%-2.5%
Return on equity5.4%5.0%8.9%25.1%13.1%-23.0%0.3%8.1%7.0%0.1%
Return on assets1.9%1.8%3.3%13.8%4.2%-7.9%0.1%3.5%2.9%0.0%
Current ratio-------1.391.471.37
Debt to equity0.420.410.400.350.530.580.390.390.420.39

Source: XBRL data ENI S.p.A. files with the SEC, latest filing dated Mar 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

E peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
E€82.15B-7.5%€2.61B3.2%$87.24B
SHEL$273.73B-5.3%$17.84B6.5%$274.09B
TTE$201.20B-6.2%$13.13B6.5%$191.61B
PBR$89.19B-2.4%$19.63B22.0%$119.38B
CNQC$38.76B+8.7%C$10.82B27.9%$100.44B
EOG$29.73B+31.7%$8.19B27.5%$77.17B
OXY$22.00B+7.8%$6.53B29.7%$56.35B
OKE$43.19B+36.8%$4.07B9.4%$53.71B
FANG$18.61B+21.1%$2.34B12.6%$49.96B

E FAQ

8 questions
  • What is E revenue?
    ENI S.p.A. (E) reported €82.15B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 7.5% from the year before.
  • Is E profitable?
    Yes. ENI S.p.A. earned €2.61B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 3.2%.
  • How much cash and debt does E have?
    ENI S.p.A. reported €8.10B in cash and cash equivalents and €20.14B of debt on its most recent balance sheet in SEC filings.
  • How fast is E revenue growing?
    ENI S.p.A.'s revenue changed -7.5% in fiscal 2025, to €82.15B. Its compound annual growth rate was +13.3% over 5 years and +1.1% over 10 years.
  • What is E free cash flow?
    ENI S.p.A. generated €4.63B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of €13.33B less capital expenditures.
  • What is E earnings per share?
    Diluted earnings per share were €0.78 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did E last report financial results?
    The latest statements here come from ENI S.p.A.'s 20-F filed on Mar 23, 2026, covering the period ended Dec 31, 2025.
  • Where does this E financial data come from?
    Quantisnow builds these statements from the structured XBRL data ENI S.p.A. files with the SEC. It is provided for information only and is not investment advice.