Leonardo SpA

Leonardo SpA

48.35
EUR
+0.23
(+0.48%)
27.12BMarket Cap
Mar 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.68
22.08
22.62
20.89
20.43
21.3
23.98
23.32
24.57
25.57
26.58
30.85
33.81
- -
Basic EPS, GAAP
0.05
-0.05
0.85
0.88
0.48
0.89
1.43
0.42
1.02
1.61
1.14
1.87
2.12
- -
Free Cash Flow per Basic Share
-0.87
-0.43
0.05
0.76
0.42
0.19
0.09
-0.06
0.22
0.68
0.7
1.12
1.27
3.87
Dividend per Share
0.03
0.03
- -
0.01
0.14
0.14
0.14
0.14
- -
0.14
0.14
0.31
0.59
0.7
Book Value per Share
5.85
6.07
7.41
7.59
7.31
7.83
9.26
9.16
11.17
12.49
13.56
15.6
16.57
16.74
Tangible Book Value per Share
-5.04
-5.66
-4.72
-4.11
-4.09
-3.64
-2.51
-2.4
-1.13
-0.39
0.41
0.45
1.76
-0.61
Basic Weighted Avg Shares
578
578
575
575
574
575
575
575
575
575
575
576
577
578
Sales/Revenue/Turnover
13,690
12,764
12,995
12,002
11,734
12,240
13,784
13,410
14,135
14,713
15,291
17,763
19,503
- -
Operating Margin (%)
-0.17
4.65
5.72
6.52
5.12
5.49
7.95
6.01
5.94
6.11
6.56
7.38
8.77
- -
Depreciation Expense
723
727
784
778
679
656
619
795
485
551
569
663
657
- -
Net Income, GAAP
28
-31
487
505
277
509
821
241
586
927
658
1,074
1,224
- -
Effective Tax Rate (%)
- -
135.35
41.77
23.76
31.62
13.2
16.92
4.74
22.05
5.19
15.66
19.99
19.1
- -
Profit Margin (%)
0.2
-0.24
3.75
4.21
2.36
4.16
5.96
1.8
4.15
6.3
4.3
6.05
6.28
- -
Working Capital
-785
-323
-104
-427
-1,457
-1,305
-784
-729
-27
-539
-601
-600
-489
-2,217
LT Debt
4,632
4,992
4,569
3,975
3,234
3,401
3,932
3,713
3,940
3,531
2,885
2,373
1,896
1,726
Total Equity
3,679
3,854
4,302
4,373
4,213
4,510
5,334
5,278
6,455
7,699
8,561
10,200
10,740
10,866
Return on Invested Capital (%)
- -
-0.81
3.03
5.78
4.88
5.57
9.81
5.31
6.18
7.35
6.39
7.17
8.9
- -
Return on Capital (%)
- -
-2.16
6.8
7.77
5.24
8.15
10.95
4.12
6.56
8.8
5.77
7.76
7.91
- -
Return on Common Equity (%)
0.83
-0.9
12.5
11.69
6.47
11.7
16.72
4.55
10.02
13.62
8.78
12.79
13.2
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,593
- -
2,787
LT Borrowings
1,385
- -
1,203
LT Finance Leases
511
496
523
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
577
577
578
Market Capitalization
27,722
33,246
27,117

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
19,091
- -
19,885
Cash, Cash Equivalents & STI
3,238
1,493
986
Accounts Receivable, Net
3,893
4,397
4,636
Inventories
6,160
1,152
8,488
Total Current Liabilities
19,580
- -
22,102
Payables & Accruals
- -
- -
- -
ST Debt
2,593
- -
2,787
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.95%
15.44%
5.29%
Free Cash Flow
90.48%
-33.72%
13.62%
Net Income, GAAP
28.25%
49.9%
13.97%
Sales/Revenue/Turnover
4.37%
7.88%
9.8%
Total Cash Common Dividend
- -
- -
93.79%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,664
4,321
4,091
5,687
17,763
2025
4,159
4,760
- -
6,059
19,503
2026
4,448
5,555
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.78
0.14
0.3
0.68
1.87
2025
0.66
0.21
- -
0.97
2.12
2026
0.28
0.42
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.31
2025
0.01
0.55
0.01
0.01
0.59
2026
0.01
0.67
- -
- -
- -

Company Description

CEO
Lorenzo Mariani
Full Time Employees
62,762
Sector
Electronic technology
Industry
Aerospace & defense
Address
Piazza Monte Grappa n. 4 Rome RM Italy 00195
IPO Date
Jan 1, 1992
Business
Leonardo S.p.A. is an Italian multinational aerospace, defence and security company that designs, develops and manufactures advanced technological solutions for governments, defence agencies and enterprises worldwide. Founded in 1948 and headquartered in Rome, Italy, the company operates through 129 sites in over 150 countries, with significant industrial presence in Italy, the UK, Poland and the US; it offers helicopters including civil and military models from subsidiaries such as Leonardo UK Helicopters, PZL Świdnik and Kopter; regional turboprop aircraft via its 50% stake in ATR; fixed-wing platforms like the M-346 trainer and contributions to the Eurofighter Typhoon; unmanned aerial systems through LBA Systems; defence electronics, sensors, cyber solutions and self-protection systems via Leonardo DRS (71.37% owned), Elettronica and Hensoldt stakes; missiles and missile systems through 25% ownership in MBDA; space systems including satellites, propulsion via Avio and services via Telespazio (67%) and Thales Alenia Space (33%); land defence vehicles via 50% in LRMV; as well as integrated logistics, cybersecurity platforms like X-2030 and avionics. Leonardo maintains key joint ventures and subsidiaries such as Leonardo Global Solutions for procurement and real estate, Leonardo Logistics for Advanced Logistics 4.0 and Leonardo Aviation Services for training support. In recent developments, Leonardo signed an agreement in July 2025 to acquire Iveco Defence Vehicles for EUR 1.7 billion enterprise value, enhancing its land defence portfolio with wheeled and tracked platforms, manufacturing sites in Europe and Brazil, and integrated electronics; the company also completed the acquisition of an additional 35% of GEM Elettronica in September 2024, boosting defence electronics capabilities, while pursuing due diligence on defence software, land systems and small satellite firms as part of its inorganic growth strategy under the 2025-2027 industrial plan. With 2024 revenues of EUR 17.8 billion, orders of EUR 20.9 billion and a EUR 44.2 billion backlog, Leonardo invests EUR 2.5 billion annually in R&D across air, land, sea, space and cyber domains.

Company News

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  • Leonardo CEO Lorenzo Mariani: Defense demand drives higher guidance

  • Italy's Leonardo lifts full-year order, core profit guidance

  • Italy's Leonardo Lifts Guidance After Strong Defense Business Growth

  • 'Electronic warfare is a tech phenomenon': Why the market is rethinking defense valuations

  • Italy reshapes national cloud company as Leonardo, Poste target control, sources say

  • 3M Secures Long-Term Supply Agreement With Airbus for A220

  • Leonardo, EDGE joint venture targets over €4 billion in orders in five years

  • Italy gives conditional approval to Leonardo-Baykar drones joint venture

  • Italy's Leonardo wins order for 15 helicopters from Avincis

  • Germany would be strong partner for GCAP fighter project, Leonardo CEO says

  • Former CIA chief Petraeus says drone swarms are the next danger — and growth opportunity

  • Italy's Leonardo outgoing CEO leaves new boss to revise guidance after strong results

  • Leonardo Posts Strong Growth in Orders, Revenue as Europe Rearms