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Técnicas Reunidas, S.A.

Técnicas Reunidas, S.A.

TRE.MC
Técnicas Reunidas, S.A.ES flagMadrid Stock Exchange
30.44
EUR
+0.06
- -
2.38BMarket Cap
Técnicas Reunidas, S.A.
TRE.MC
(Madrid Stock Exchange)

Recent

price

30.44

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
46.75
44.55
45.22
48.53
53.69
71.44
81.69
86.41
75
80.18
60.07
47.9
78.66
59.38
56.99
81.63
86.31
Revenue per Share
1.75
2.21
2.27
2.18
2.31
1.01
2.2
0.67
0.2
-0.16
0.19
-3.25
-0.69
0.88
1.15
1.98
1.85
Basic EPS, GAAP
-4.05
5.19
-0.26
1.14
1.98
-0.95
0.72
-3.13
1.73
2.34
-2.06
-4.61
1.51
0.99
0.97
1.59
- -
Free Cash Flow per Basic Share
1.23
1.24
1.25
1.28
1.28
1.28
1.28
1.28
0.98
- -
- -
- -
- -
- -
0.34
0.39
- -
Dividend per Share
6.92
8.04
8.94
9.61
10.57
10.09
10.64
9.5
7.71
7.5
7.59
4.34
4.03
4.05
4.76
6.65
8.25
Book Value per Share
4.95
5.09
6.35
6.27
6.72
5.66
7.42
7.8
5.16
4.7
3.97
0.95
0.67
4.01
4.55
6.58
7.57
Tangible Book Value per Share
59
59
59
59
59
59
59
59
59
59
59
59
54
70
78
79
78
Basic Weighted Avg Shares
2,771
2,613
2,652
2,846
3,149
4,188
4,793
5,068
4,396
4,699
3,521
2,806
4,233
4,135
4,451
6,466
6,740
Sales/Revenue/Turnover
5.61
6.02
6.22
5.78
5.95
2.79
4.73
2.39
1.86
2.38
2.38
-5.82
0.17
3.94
4.18
4.58
4.69
Operating Margin (%)
7
8
8
9
12
17
18
22
19
42
43
27
26
26
33
39
40
Depreciation Expense
104
130
133
128
136
59
129
40
12
-9
11
-190
-37
61
90
157
144
Net Income, GAAP
38.74
12.81
13.62
14.62
18.86
26.9
27.51
30.18
35.19
117.91
34.71
- -
- -
42.2
38.73
34.36
33.6
Effective Tax Rate (%)
3.75
4.96
5.03
4.49
4.31
1.42
2.69
0.78
0.27
-0.2
0.31
-6.79
-0.88
1.47
2.02
2.42
2.14
Profit Margin (%)
283
313
352
349
359
271
327
305
330
121
169
137
424
487
504
847
945
Working Capital
27
31
31
26
24
158
156
93
389
315
378
504
810
582
582
727
695
LT Debt
341
349
444
439
456
398
442
463
359
330
284
105
83
325
400
564
592
Total Equity
23.1
31.85
31.38
28.05
29.65
13.87
22.7
10.36
6.08
-2.12
5.2
- -
- -
8.2
9.17
14.15
15.01
Return on Invested Capital (%)
27.42
25.59
24.79
22.41
22.37
8.29
15.62
2.89
1.63
-1.03
1.68
- -
- -
6.9
9.3
13.57
11.53
Return on Capital (%)
26.11
29.38
26.8
23.48
22.92
9.8
21.2
6.69
2.37
-2.07
2.5
-54.48
-15.77
24.44
27.52
34.9
25.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
524
177
248
LT Borrowings
436
661
695
LT Finance Leases
- -
66
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
2,070
2,159
2,379

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,162
5,297
5,829
Cash, Cash Equivalents & STI
- -
1,143
- -
Accounts Receivable, Net
3,857
3,803
4,461
Inventories
6
7
6
Total Current Liabilities
4,599
4,450
4,884
Payables & Accruals
- -
- -
- -
ST Debt
524
177
248
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.27%
54.26%
41.03%
Free Cash Flow
-96.21%
10.85%
65.64%
Net Income, GAAP
-246.52%
-409.29%
74.26%
Sales/Revenue/Turnover
6.99%
16.23%
45.25%
Total Cash Common Dividend
- -
- -
15.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,006
1,088
1,133
1,224
4,451
2025
1,311
1,433
1,861
1,861
6,466
2026
1,585
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
- -
- -
- -
1.15
2025
0.35
- -
- -
- -
1.98
2026
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.34
2025
- -
- -
- -
- -
0.39
2026
- -
- -
- -
- -
- -
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Business
Técnicas Reunidas, S.A. (TRE.MC) is a Spanish engineering, procurement, and construction (EPC) company that designs, builds, and manages industrial plants worldwide, primarily in the oil and gas, power, and infrastructure sectors; it provides turnkey solutions including engineering design, procurement, construction, commissioning, start-up, and maintenance services for refining plants, natural gas processing and liquefaction facilities, petrochemical complexes producing monomers, polymers, plastics, chemicals, and fertilizers, combined cycle power plants, renewable energy projects such as solar and biomass facilities, desalination and water treatment plants, as well as infrastructure like airports and industrial facilities. Founded in 1960 and headquartered at Avenida de Burgos 89, Madrid, Spain, the company operates globally with a focus on the Middle East, Latin America, Asia, the Mediterranean region, and Europe, serving major national oil companies, multinational energy firms, and public authorities; its workforce has expanded to approximately 13,500 employees by late 2025, supported by engineering hubs in Madrid and satellite offices including India and the UAE. In recent developments, Técnicas Reunidas secured a €3.3 billion EPC contract for the Lower Zakum offshore project from ADNOC in the UAE, a €420 million Vaca Muerta project award from VMOS in Argentina, and over €130 million in services contracts during 2025; it formed a 50-50 joint venture with Orascom Construction for a $2.6 billion expansion of the 3 GW Qurayyah IPP power plant in Saudi Arabia including carbon capture systems, and a 65-35 joint venture with Sinopec for major EPC contracts with Saudi Aramco on NGL facilities; the company reported record H1 2025 order intake of €3.8 billion, backlog of €13.1 billion, sales of €2.7 billion, and projects a 2025 EBIT margin of 4.5% with sales exceeding €5.2 billion amid strategic growth in green hydrogen initiatives like the Yanbu Green Hydrogen Cluster FEED with Sinopec.