CompanyGraph
Terna - Rete Elettrica Nazionale SpA
TRN · Borsa Italiana · Italy
Price data from its 0LBM listing on LSE
terna.itFinancials as of FY2024–FY2025
At a glance
- Depends onDownstream position: depends on 11 industries, supplies 6
- ScaleLevered free cash flow is -$918M, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 1.14: grey zone
- Interpretations1 currently firing — 1
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
5.64%
Annual Rate
EUR 0.55Paid semi-annual
Payback Period
24.8 yr
Last Ex-Dividend
Jun 22, 2026
The reported statements, read against the company's own industry.
The statements on file don't all cover the same year: income statement FY2025, balance sheet FY2024, cash-flow statement FY2024. Each figure below is labelled with the year it comes from.
Financials view
Market Capitalization
18.86BEUR22.01B · vs all stocks (USD)
Trailing P/E
18.47xRevenue (TTM)
4.22BEUR4.92B · vs all stocks (USD)
Profit Margin
26.44%Beta
0.6100xvs all stocks
52-Week Change
12.83%vs all stocks
Forward Annual Dividend Yield
5.64%vs all stocks
Market Capitalization
18.86BEUR22.01B · vs all stocks (USD)
Enterprise Value
32.31BEUR37.70B · vs all stocks (USD)
Trailing P/E
18.47xForward P/E
17.43xPrice to Sales (TTM)
4.66xPrice to Book (MRQ)
3.30xEnterprise to Revenue
7.66xEnterprise to EBITDA
11.45xGross Margin
92.30%Profit Margin
26.44%Operating Margin
45.15%Return on Assets (TTM)
3.94%Return on Equity (TTM)
13.83%Revenue (TTM)
4.22BEUR4.92B · vs all stocks (USD)
Revenue per Share (TTM)
2.10EURUpdated Aug 20, 2026Quarterly Revenue Growth
12.30%Gross Profit (TTM)
3.38BEUR3.94B · vs all stocks (USD)
EBITDA (TTM)
2.82BEUR3.29B · vs all stocks (USD)
Net Income (TTM)
1.07BEUR1.24B · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
0.70%Operating Cash Flow (TTM)
2.92BEUR3.41B · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-786.74MEUR-918.00M · vs all stocks (USD)
Forward Annual Dividend Rate
0.5540EURUpdated Aug 20, 2026Forward Annual Dividend Yield
5.64%vs all stocks
Trailing Annual Dividend Rate
0.3962EURUpdated Aug 20, 2026Trailing Annual Dividend Yield
4.03%vs all stocks
Minority Interest (Equity)
19.80MEURFY2024 · Dec 31, 2024Cost of Goods Sold
352.70MEURFY2025 · Dec 31, 2025Gross Profit
3.65BEURFY2025 · Dec 31, 2025Other Operating Expenses
443.90MEURFY2025 · Dec 31, 2025EPS (Basic)
0.5542EURFY2025 · Dec 31, 2025EPS (Diluted)
0.5542EURFY2025 · Dec 31, 2025Basic Shares Outstanding
2.01BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
2.01BSharesFY2025 · Dec 31, 2025Operating Cash Flow
81.10MEURFY2024 · Dec 31, 2024Free Cash Flow
68.40MEURFY2024 · Dec 31, 2024Cash & Cash Equivalents (End of Period)
2.31BEURFY2024 · Dec 31, 2024Starting Profit (CF Statement)
1.06BEURFY2024 · Dec 31, 2024Other Non-cash Items
159.90MEURFY2024 · Dec 31, 2024Change in Accounts Receivable (CF)
-1.04BEURFY2024 · Dec 31, 2024Change in Other Assets/Liabilities
-102.60MEURFY2024 · Dec 31, 2024Capital Expenditures
12.70MEURFY2024 · Dec 31, 2024Net Acquisitions
72.80MEURFY2024 · Dec 31, 2024Other Investing Activity
74.20MEURFY2024 · Dec 31, 2024Net Investing Cash Flow
159.70MEURFY2024 · Dec 31, 2024Long-term Debt Issuance
1.29BEURFY2024 · Dec 31, 2024Net Short-term Debt Issuance
432.70MEURFY2024 · Dec 31, 2024Common Dividends Paid
-690.60MEURFY2024 · Dec 31, 2024Other Financing Charges
834.10MEURFY2024 · Dec 31, 2024Net Financing Cash Flow
1.87BEURFY2024 · Dec 31, 2024Shares Outstanding
2.01BSharesUpdated Aug 20, 2026Float Shares
1.41BSharesUpdated Aug 20, 2026% Held by Insiders
29.85%vs all stocks
% Held by Institutions
36.24%vs all stocks
Total Cash (MRQ)
2.27BEUR2.64B · vs all stocks (USD)
Total Cash per Share (MRQ)
1.13EURUpdated Aug 20, 2026Total Debt (MRQ)
14.91BEUR17.40B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.72xCurrent Ratio (MRQ)
0.9640xBook Value per Share (MRQ)
2.96EURUpdated Aug 20, 2026Total Assets
27.19BEUR31.72B · vs all stocks (USD)
Total Current Assets
6.25BEURFY2024 · Dec 31, 2024Total Liabilities
19.64BEURFY2024 · Dec 31, 2024Total Non-current Assets
20.93BEURFY2024 · Dec 31, 2024Total Non-current Liabilities
12.78BEURFY2024 · Dec 31, 2024Total Current Liabilities
6.86BEURFY2024 · Dec 31, 2024Cash
221.30MEURFY2024 · Dec 31, 2024Cash Equivalents
2.09BEURFY2024 · Dec 31, 2024Cash & Cash Equivalents
2.31BEURFY2024 · Dec 31, 2024Other Short-term Investments
446.10MEURFY2024 · Dec 31, 2024Accounts Receivable
3.19BEURFY2024 · Dec 31, 2024Inventory
108.20MEURFY2024 · Dec 31, 2024Accounts Payable
3.52BEURFY2024 · Dec 31, 2024Short-term Debt
2.45BEURFY2024 · Dec 31, 2024Other Current Liabilities
332.60MEURFY2024 · Dec 31, 2024Long-term Debt
11.41BEURFY2024 · Dec 31, 2024Other Non-current Liabilities
1.09BEURFY2024 · Dec 31, 2024Common Stock (Book)
442.20MEURFY2024 · Dec 31, 2024Retained Earnings
4.65BEURFY2024 · Dec 31, 2024Total Shareholders' Equity
7.54BEUR8.80B · vs all stocks (USD)
52-Week Low
8.24EURUpdated Aug 20, 202652-Week High
10.41EURUpdated Aug 20, 202652-Week Change
12.83%vs all stocks
Beta
0.6100xvs all stocks
50-Day MA
10.16EURUpdated Aug 20, 2026200-Day MA
9.71EURUpdated Aug 20, 2026Avg 10-Day Volume
3.01MSharesUpdated Aug 20, 2026Avg 30-Day Volume
3.45MSharesUpdated Aug 20, 2026Diluted EPS (TTM)
0.5300EURUpdated Aug 20, 20261 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsWhere is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Altman Z-Score 1.14: grey zoneSignificant
Altman Z-Score: 1.14
High structural barrier to entryNotable
Barrier to Entry: 0.57
Supply Chain
Downstream position: depends on 11 industries, supplies 6Notable
Outgoing: 6.00Incoming: 11.00
High connectivity hub: 17 industry connectionsNotable
Total Connections: 17.00
Scale
Levered free cash flow is -$918M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -917,996,751.828Global P5: -219,013,500
Market cap is $22.01B, above the global median of $1.15BNotable
Market cap (USD): 22,008,443,796.038Global Median: 1,146,734,693.424
Revenue is $4.92B, above the global median of $520.53MNotable
Revenue (USD): 4,920,914,294.661Global Median: 520,528,949.311
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Supply Chain
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