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Leonardo S.p.A.

Leonardo S.p.A.

LDO.MI
Leonardo S.p.A.IT flagItalian Stock Exchange
52.93
EUR
-1.00
- -
30.54BMarket Cap
Leonardo S.p.A.
LDO.MI
(Italian Stock Exchange)

Recent

price

52.93

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
32.4
29.99
28.55
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
26.43
Revenue per Share
0.97
-4.06
-1.44
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
1.46
Basic EPS, GAAP
0.66
-0.67
-0.01
-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
3.32
Free Cash Flow per Basic Share
0.41
0.41
- -
0.03
0.03
- -
0.01
0.14
0.14
0.14
0.14
- -
0.14
0.14
0.31
0.59
0.59
Dividend per Share
4.36
4.37
4.37
4.37
4.37
4.39
4.39
4.34
4.34
4.39
4.39
4.39
4.39
4.39
4.39
4.38
- -
Book Value per Share
-3.18
-6.59
-6.36
-4.52
-5.06
-4.71
-4.08
-4.07
-3.62
-2.49
-2.38
-1.08
0.5
1.73
2.56
3.8
- -
Tangible Book Value per Share
577
577
578
578
578
575
575
574
575
575
575
575
575
575
576
577
578
Basic Weighted Avg Shares
18,695
17,318
16,504
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
15,267
Sales/Revenue/Turnover
6.59
-7.12
4.46
-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
10.67
Operating Margin (%)
785
1,781
1,882
723
727
784
778
679
656
619
795
485
551
569
663
657
482
Depreciation Expense
557
-2,345
-834
28
-31
487
505
277
509
821
241
586
927
658
1,074
1,224
846
Net Income, GAAP
35.68
- -
- -
- -
135.35
41.77
23.76
31.62
13.2
16.92
4.74
22.05
5.19
15.66
19.99
19.1
15.29
Effective Tax Rate (%)
2.98
-13.54
-5.05
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
5.54
Profit Margin (%)
582
-302
-739
-785
-323
-104
-427
-1,457
-1,305
-784
-729
-27
-539
-601
-600
-489
- -
Working Capital
4,543
4,399
4,227
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
496
LT Debt
7,098
4,604
3,711
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
- -
Total Equity
6.06
- -
- -
- -
-2.42
4.87
6.79
4.97
7.45
10.79
8.34
6.5
7.52
6.72
7.51
9.26
269.25
Return on Invested Capital (%)
15.65
- -
- -
- -
-2.41
8.01
9.68
6.6
10.51
14.97
5.76
9.57
13.85
9.39
13.24
14.33
46.89
Return on Capital (%)
22.15
-93.02
-33.03
1.11
-1.23
19.29
20
11.04
20.42
32.71
9.54
23.21
36.71
26.06
42.53
48.48
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
2,593
- -
LT Borrowings
- -
1,385
- -
LT Finance Leases
- -
511
496
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
577
577
Market Capitalization
31,181
28,377
33,531

Working Capital

FRC

•

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

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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