ENI SPA

EDGAR

Annual consolidated revenue for 2025: about EUR 82.15B, using the latest reported figures. The previous period, 2024, was about EUR 88.8B.

Watchlist

Latest fiscal year

Revenue

82.2 billion EUR

2025 · EUR

Exact inputs and evidence
  • Revenue: 82151000000 EUR Source

Operating margin

6.1%

2025 · %

Exact inputs and evidence
  • Operating Income: 5010000000 EUR Source
  • Revenue: 82151000000 EUR Source

Operating cash flow

13.3 billion EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 13330000000 EUR Source

Free cash flow

4.63 billion EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 13330000000 EUR Source
  • Capital Expenditure: 8702000000 EUR Source
Cash and cash equivalents
8.1 billion EUR Source
Exact value

8100000000 EUR

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 10 of 11 periods available· newest 2025-12-31
  • Net income: 9 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 10 of 11 periods available· newest 2025-12-31
  • Total assets: 8 of 11 periods available· newest 2025-12-31
  • Total liabilities: 8 of 11 periods available· newest 2025-12-31
  • Current assets: 3 of 11 periods available· newest 2018-12-31
  • Current liabilities: 3 of 11 periods available· newest 2018-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -7.5%

    Prior period

    EUR 88.8 billion

    –

    Current period

    EUR 82.15 billion

    –

    Exact inputs and evidence

    82151000000 − 88797000000 = -6646000000 EUR

    88797000000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    82151000000 EUR · 2025-01-01 – 2025-12-31

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  • Net income

    -0.6%

    Prior period

    EUR 2.62 billion

    –

    Current period

    EUR 2.61 billion

    –

    Exact inputs and evidence

    2608000000 − 2624000000 = -16000000 EUR

    2624000000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2608000000 EUR · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +1.8%

    Prior period

    EUR 13.09 billion

    –

    Current period

    EUR 13.33 billion

    –

    Exact inputs and evidence

    13330000000 − 13092000000 = 238000000 EUR

    13092000000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    13330000000 EUR · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +8.8%

    Prior period

    EUR 8 billion

    –

    Current period

    EUR 8.7 billion

    –

    Exact inputs and evidence

    8702000000 − 7999000000 = 703000000 EUR

    7999000000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    8702000000 EUR · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue EUR 82.15 billion 100% of revenue
  • Operating costs Derived EUR 77.14 billion 94% of revenue
  • Operating income EUR 5.01 billion 6.1% of revenue
  • Tax, interest and other Derived EUR 2.4 billion 2.9% of revenue
  • Net income EUR 2.61 billion 3.2% of revenue

Cash

  • Operating cash flow EUR 13.33 billion 16% of revenue
  • Capital expenditure EUR 8.7 billion 11% of revenue
  • Free cash flow Derived EUR 4.63 billion 5.6% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 Not shown: operating income or net income is not reported.
  • 2016 96%
  • 2017 89%
  • 2018 13%87%
  • 2020 Operating loss: operating costs were 107% of revenue.
  • 2021 84%
  • 2022 10%87%
  • 2023 91%
  • 2024 94%
  • 2025 94%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-3173538000000 76614000000 Derived -3076000000 UnavailableUnavailable-3504000000 Derived
Source
2016 2016-01-01 – 2016-12-3156693000000 54536000000 Derived 2157000000 2121000000 Derived 36000000 -1394000000 Derived
Source
2017 2017-01-01 – 2017-12-3170977000000 62965000000 Derived 8012000000 4638000000 Derived 3374000000 1627000000 Derived
Source
2018 2018-01-01 – 2018-12-3176938000000 66955000000 Derived 9983000000 9854000000 Derived 129000000 4869000000 Derived
Source
2020 2020-01-01 – 2020-12-3143987000000 47262000000 Derived -3275000000 5360000000 Derived -8635000000 415000000 Derived
Source
2021 2021-01-01 – 2021-12-3176575000000 64234000000 Derived 12341000000 6520000000 Derived 5821000000 7911000000 Derived
Source
2022 2022-01-01 – 2022-12-31132512000000 115002000000 Derived 17510000000 3623000000 Derived 13887000000 9760000000 Derived
Source
2023 2023-01-01 – 2023-12-3193717000000 85460000000 Derived 8257000000 3486000000 Derived 4771000000 6380000000 Derived
Source
2024 2024-01-01 – 2024-12-3188797000000 83559000000 Derived 5238000000 2614000000 Derived 2624000000 5093000000 Derived
Source
2025 2025-01-01 – 2025-12-3182151000000 77141000000 Derived 5010000000 2402000000 Derived 2608000000 4628000000 Derived
Source

Amounts are exact, in EUR.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

EUR 82.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.143.1B107.3B71.6B35.8B0.0201520212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(EUR)Source evidence
2015Revenue73538000000
2016Revenue56693000000
2017Revenue70977000000
2018Revenue76938000000
2020Revenue43987000000
2021Revenue76575000000
2022Revenue132512000000
2023Revenue93717000000
2024Revenue88797000000
2025Revenue82151000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-7.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.82%52%22%-8%-38%201520212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2016Year over year-22.9%
2017Year over year25.2%
2018Year over year8.4%
2020Year over yearNo prior comparable period
2021Year over year74.1%
2022Year over year73%
2023Year over year-29.3%
2024Year over year-5.2%
2025Year over year-7.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 6.1% 2025
Net margin 3.2% 2025
Free cash flow margin 5.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19%9%-2%-12%-22%201520212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin-4.2%
2016Operating margin3.8%
2017Operating margin11.3%
2018Operating margin13%
2020Operating margin-7.4%
2021Operating margin16.1%
2022Operating margin13.2%
2023Operating margin8.8%
2024Operating margin5.9%
2025Operating margin6.1%
2015-12-31Net marginNot reported
2016Net margin0.1%
2017Net margin4.8%
2018Net margin0.2%
2020Net margin-19.6%
2021Net margin7.6%
2022Net margin10.5%
2023Net margin5.1%
2024Net margin3%
2025Net margin3.2%
2015Free cash flow margin-4.8%
2016Free cash flow margin-2.5%
2017Free cash flow margin2.3%
2018Free cash flow margin6.3%
2020Free cash flow margin0.9%
2021Free cash flow margin10.3%
2022Free cash flow margin7.4%
2023Free cash flow margin6.8%
2024Free cash flow margin5.7%
2025Free cash flow margin5.6%

Operating cash flow

Cash generated by the company’s normal business operations.

EUR 13.3B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18.9B14.1B9.4B4.7B0.0201520212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2015Operating cash flow7673000000
2016Operating cash flow7673000000
2017Operating cash flow10117000000
2018Operating cash flow13647000000
2020Operating cash flow4822000000
2021Operating cash flow12861000000
2022Operating cash flow17460000000
2023Operating cash flow15119000000
2024Operating cash flow13092000000
2025Operating cash flow13330000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

EUR 4.6B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.8B7.0B3.1B-718.6M-4.6B201520212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2015Free cash flow-3504000000
2016Free cash flow-1394000000
2017Free cash flow1627000000
2018Free cash flow4869000000
2020Free cash flow415000000
2021Free cash flow7911000000
2022Free cash flow9760000000
2023Free cash flow6380000000
2024Free cash flow5093000000
2025Free cash flow4628000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

61.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.73%55%37%18%0%2015-12-3120212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015-12-31Liabilities / assetsNot reportedNo source recorded
2016Liabilities / assets57.4%
2017Liabilities / assets58.2%
2018Liabilities / assets56.9%
2020-12-31Liabilities / assetsNot reportedNo source recorded
2021Liabilities / assets67.7%
2022Liabilities / assets47.8%
2023Liabilities / assets62.4%
2024Liabilities / assets62.1%
2025Liabilities / assets61.5%

Current assets to current liabilities

Current assets divided by current liabilities.

1.39× 2018
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.59×1.19×0.80×0.40×0.00×2015-12-312021-12-312025-12-31
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015-12-31Current assets / current liabilitiesNot reportedNo source recorded
2016Current assets / current liabilities1.37×
2017Current assets / current liabilities1.47×
2018Current assets / current liabilities1.39×
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2015-01-01 – 2015-12-31
Unavailable Not reported for this period.
EUR 7.67 billion
Exact value

Exact value: 7673000000 EUR

2015-01-01 – 2015-12-31: 7673000000 EUR Inspect Operating Cash Flow Open source
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EUR 11.18 billion
Exact value

Exact value: 11177000000 EUR

2015-01-01 – 2015-12-31: 11177000000 EUR Inspect Capital Expenditure Open source
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−EUR 3.5 billion
Calculation and evidence

7673000000 − 11177000000 EUR

Exact free cash flow: -3504000000 EUR

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2016 2016-01-01 – 2016-12-31
EUR 36 million
Exact value

Exact value: 36000000 EUR

2016-01-01 – 2016-12-31: 36000000 EUR Inspect Net Income Open source
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EUR 7.67 billion
Exact value

Exact value: 7673000000 EUR

2016-01-01 – 2016-12-31: 7673000000 EUR Inspect Operating Cash Flow Open source
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EUR 9.07 billion
Exact value

Exact value: 9067000000 EUR

2016-01-01 – 2016-12-31: 9067000000 EUR Inspect Capital Expenditure Open source
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−EUR 1.39 billion
Calculation and evidence

7673000000 − 9067000000 EUR

Exact free cash flow: -1394000000 EUR

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2017 2017-01-01 – 2017-12-31
EUR 3.37 billion
Exact value

Exact value: 3374000000 EUR

2017-01-01 – 2017-12-31: 3374000000 EUR Inspect Net Income Open source
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EUR 10.12 billion
Exact value

Exact value: 10117000000 EUR

2017-01-01 – 2017-12-31: 10117000000 EUR Inspect Operating Cash Flow Open source
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EUR 8.49 billion
Exact value

Exact value: 8490000000 EUR

2017-01-01 – 2017-12-31: 8490000000 EUR Inspect Capital Expenditure Open source
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EUR 1.63 billion
Calculation and evidence

10117000000 − 8490000000 EUR

Exact free cash flow: 1627000000 EUR

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2018 2018-01-01 – 2018-12-31
EUR 129 million
Exact value

Exact value: 129000000 EUR

2018-01-01 – 2018-12-31: 129000000 EUR Inspect Net Income Open source
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EUR 13.65 billion
Exact value

Exact value: 13647000000 EUR

2018-01-01 – 2018-12-31: 13647000000 EUR Inspect Operating Cash Flow Open source
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EUR 8.78 billion
Exact value

Exact value: 8778000000 EUR

2018-01-01 – 2018-12-31: 8778000000 EUR Inspect Capital Expenditure Open source
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EUR 4.87 billion
Calculation and evidence

13647000000 − 8778000000 EUR

Exact free cash flow: 4869000000 EUR

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2020 2020-01-01 – 2020-12-31
−EUR 8.64 billion
Exact value

Exact value: -8635000000 EUR

2020-01-01 – 2020-12-31: -8635000000 EUR Inspect Net Income Open source
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EUR 4.82 billion
Exact value

Exact value: 4822000000 EUR

2020-01-01 – 2020-12-31: 4822000000 EUR Inspect Operating Cash Flow Open source
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EUR 4.41 billion
Exact value

Exact value: 4407000000 EUR

2020-01-01 – 2020-12-31: 4407000000 EUR Inspect Capital Expenditure Open source
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EUR 415 million
Calculation and evidence

4822000000 − 4407000000 EUR

Exact free cash flow: 415000000 EUR

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2021 2021-01-01 – 2021-12-31
EUR 5.82 billion
Exact value

Exact value: 5821000000 EUR

2021-01-01 – 2021-12-31: 5821000000 EUR Inspect Net Income Open source
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EUR 12.86 billion
Exact value

Exact value: 12861000000 EUR

2021-01-01 – 2021-12-31: 12861000000 EUR Inspect Operating Cash Flow Open source
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EUR 4.95 billion
Exact value

Exact value: 4950000000 EUR

2021-01-01 – 2021-12-31: 4950000000 EUR Inspect Capital Expenditure Open source
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EUR 7.91 billion
Calculation and evidence

12861000000 − 4950000000 EUR

Exact free cash flow: 7911000000 EUR

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2022 2022-01-01 – 2022-12-31
EUR 13.89 billion
Exact value

Exact value: 13887000000 EUR

2022-01-01 – 2022-12-31: 13887000000 EUR Inspect Net Income Open source
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EUR 17.46 billion
Exact value

Exact value: 17460000000 EUR

2022-01-01 – 2022-12-31: 17460000000 EUR Inspect Operating Cash Flow Open source
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EUR 7.7 billion
Exact value

Exact value: 7700000000 EUR

2022-01-01 – 2022-12-31: 7700000000 EUR Inspect Capital Expenditure Open source
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EUR 9.76 billion
Calculation and evidence

17460000000 − 7700000000 EUR

Exact free cash flow: 9760000000 EUR

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2023 2023-01-01 – 2023-12-31
EUR 4.77 billion
Exact value

Exact value: 4771000000 EUR

2023-01-01 – 2023-12-31: 4771000000 EUR Inspect Net Income Open source
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EUR 15.12 billion
Exact value

Exact value: 15119000000 EUR

2023-01-01 – 2023-12-31: 15119000000 EUR Inspect Operating Cash Flow Open source
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EUR 8.74 billion
Exact value

Exact value: 8739000000 EUR

2023-01-01 – 2023-12-31: 8739000000 EUR Inspect Capital Expenditure Open source
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EUR 6.38 billion
Calculation and evidence

15119000000 − 8739000000 EUR

Exact free cash flow: 6380000000 EUR

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2024 2024-01-01 – 2024-12-31
EUR 2.62 billion
Exact value

Exact value: 2624000000 EUR

2024-01-01 – 2024-12-31: 2624000000 EUR Inspect Net Income Open source
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EUR 13.09 billion
Exact value

Exact value: 13092000000 EUR

2024-01-01 – 2024-12-31: 13092000000 EUR Inspect Operating Cash Flow Open source
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EUR 8 billion
Exact value

Exact value: 7999000000 EUR

2024-01-01 – 2024-12-31: 7999000000 EUR Inspect Capital Expenditure Open source
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EUR 5.09 billion
Calculation and evidence

13092000000 − 7999000000 EUR

Exact free cash flow: 5093000000 EUR

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2025 2025-01-01 – 2025-12-31
EUR 2.61 billion
Exact value

Exact value: 2608000000 EUR

2025-01-01 – 2025-12-31: 2608000000 EUR Inspect Net Income Open source
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EUR 13.33 billion
Exact value

Exact value: 13330000000 EUR

2025-01-01 – 2025-12-31: 13330000000 EUR Inspect Operating Cash Flow Open source
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EUR 8.7 billion
Exact value

Exact value: 8702000000 EUR

2025-01-01 – 2025-12-31: 8702000000 EUR Inspect Capital Expenditure Open source
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EUR 4.63 billion
Calculation and evidence

13330000000 − 8702000000 EUR

Exact free cash flow: 4628000000 EUR

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

417 filings · 1,175 latest values · 1,175 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001002242, 1002242, E, EIPAF, edgar:1002242

Also known as ENI SPA, Eni SpA