Leonardo S.p.a. (BIT:LDO)

Leonardo S.p.a. Financials Overview

Financials in millions EUR. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	20,587	19,503	17,763	15,291	14,713	14,135
Revenue Growth	10.11%	9.80%	16.17%	3.93%	4.09%	5.41%
Gross Profit Gross Profit Growth	8,213	7,750	7,086	5,957	5,675	5,258
Operating Income Operating Income Growth	1,853	1,904	1,325	1,082	1,030	1,028
Net Income Net Income Growth	1,126	1,224	1,074	658	927	586
Earnings Per Share EPS Growth	1.95	2.12	1.87	1.14	1.61	1.02
EPS Growth	5.00%	13.77%	63.09%	-29.02%	58.17%	143.09%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Defense Electronics & Security Defense Electronics & Security Growth	9,067	8,350	7,758	6,955	7,212	6,944
Helicopters Helicopters Growth	5,948	5,833	5,249	4,725	4,547	4,157
Aeronautics Aeronautics Growth	4,329	4,238	3,816	-	-	-
Cyber & Security Solutions Cyber & Security Solutions Growth	859	798	648	594	-	-
Space Space Growth	1,070	1,007	906	-	-	-
Other Activities Other Activities Growth	732	639	591	760	579	377
Eliminations Eliminations Growth	-1,418	-1,362	-1,205	-1,317	-1,185	-1,053
Other Other Growth	-	1,073	779	4,224	4,335	4,283
Revenue (Total) Revenue (Total) Growth	20,477	20,576	18,542	15,941	15,488	14,708

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	986	3,238	2,556	2,407	1,511	2,479
Total Debt Total Debt Growth	4,513	4,489	4,700	4,930	4,614	5,684
Net Cash (Debt) Net Cash Growth	-3,527	-1,251	-2,144	-2,523	-3,103	-3,205
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-6.11	-2.17	-3.72	-4.39	-5.39	-5.57

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	2,236	1,742	1,541	1,186	1,152	742
Capital Expenditures CapEx Growth	-1,130	-1,016	-895	-782	-762	-615
Free Cash Flow Free Cash Flow Growth	1,106	726	646	404	390	127
Free Cash Flow Growth	75.83%	12.38%	59.90%	3.59%	207.09%	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	39.89%	39.74%	39.89%	38.96%	38.57%	37.20%
Operating Margin	9.00%	9.76%	7.46%	7.08%	7.00%	7.27%
Pretax Margin	7.88%	8.46%	8.14%	5.39%	6.68%	5.33%
Profit Margin	5.47%	6.28%	6.05%	4.30%	6.30%	4.15%
FCF Margin	5.37%	3.72%	3.64%	2.64%	2.65%	0.90%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.630	0.630	0.520	0.280	0.140	0.140
Dividend Per Share Growth	21.15%	21.15%	85.71%	100.00%	0%	-
Dividend Yield	1.22%	1.28%	2.01%	1.88%	1.74%	2.22%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	26.53	23.15	13.89	13.06	5.00	6.18
Forward PE	19.54	22.62	15.86	10.89	5.88	5.58
P/FCF Ratio	27.04	39.03	23.09	21.27	11.89	28.53
PS Ratio	1.45	1.45	0.84	0.56	0.32	0.26

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jul 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 1, 2026

Data Sources Report a data error