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S

Saipem SpA SPM.MI · EUR

Energy · Borsa Italiana · 🇮🇹 Italy

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4.32

+1.89%

Close of 9 Nov 2026, in EUR

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At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€15.50bn

FY2016FY2025

Net income

€312.0m

FY2016FY2025

Free cash flow

€1.14bn

FY2016FY2025

Shareholders' equity

€2.64bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€15.50bn€14.55bn€11.88bn€9.98bn€6.53bn€7.40bn€9.10bn€8.53bn€9.16bn€9.89bn
Research and development€36.0m€33.0m€32.0m€31.0m€35.0m€35.0m€38.0m€32.0m€31.0m€19.0m
Operating income€717.0m€606.0m€437.0m€98.0m−€2.23bn−€874.0m€456.0m€37.0m€126.0m−€1.53bn
Net income€312.0m€306.0m€179.0m−€209.0m−€2.47bn−€1.14bn€12.0m−€472.0m−€328.0m−€2.09bn
Diluted earnings per share0.160.160.09-0.10-6.26-5.450.06-2.26-1.57-9.90

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€14.44bn€14.52bn€12.87bn€12.40bn€11.54bn€11.26bn€13.01bn€11.68bn€12.59bn€14.29bn
Cash and short-term investments€1.54bn€2.54bn€2.22bn€2.13bn€1.69bn€1.75bn€2.36bn€1.76bn€1.82bn€1.95bn
Total liabilities€11.80bn€11.99bn€10.47bn€10.31bn€11.19bn€8.31bn€8.88bn€7.64bn€7.99bn€9.40bn
Debt€2.13bn€3.02bn€3.12bn€3.03bn€3.94bn€3.46bn€3.70bn€2.95bn€3.12bn€3.40bn
Shareholders' equity€2.64bn€2.52bn€2.39bn€2.07bn€326.0m€2.92bn€4.03bn€3.96bn€4.56bn€4.87bn
Shares outstanding1,940m1,957m1,995m1,995m394m209m209m209m209m211m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€1.50bn€1.06bn€586.0m−€477.0m€90.0m€123.0m€1.26bn€711.0m€459.0m€978.0m
Capital spending−€364.0m−€337.0m−€482.0m−€523.0m−€298.0m−€322.0m−€336.0m−€485.0m−€262.0m−€296.0m
Free cash flow€1.14bn€724.0m€104.0m−€1.00bn−€208.0m−€199.0m€921.0m€226.0m€197.0m€682.0m
Dividends paid−€333.0m———−€26.0m−€69.0m−€62.0m−€15.0m−€15.0m−€36.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€3.83bn€3.53bn€4.52bn€3.77bn€3.70bn€3.52bn€4.42bn€3.71bn
Operating income€83.0m€157.0m€215.0m€159.0m€148.0m€157.0m€189.0m€142.0m
Net income€18.0m€78.0m€90.0m€81.0m€63.0m€77.0m€100.0m€88.0m
Diluted earnings per share0.010.040.050.040.030.040.050.04
Cash from operations€449.0m€392.0m€451.0m€211.0m€447.0m€395.0m€330.0m€276.0m
Capital spending−€84.0m−€44.0m−€89.0m−€69.0m−€78.0m−€105.0m−€91.0m−€52.0m
Free cash flow€365.0m€348.0m€362.0m€142.0m€369.0m€290.0m€239.0m€224.0m
Total assets€14.91bn€5.68bn€14.44bn€5.45bn€13.89bn€5.31bn€14.52bn€4.79bn
Cash and short-term investments€2.34bn€1.22bn€1.54bn€844.0m€2.28bn€968.0m€1.79bn€509.0m
Debt€2.47bn—€3.11bn—€2.87bn—€3.02bn—
Shareholders' equity€2.31bn€2.66bn€2.64bn€2.64bn€2.61bn€2.71bn€2.52bn€2.54bn

Financial ratios

Data as of 11 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin4.7%4.2%4.1%0.8%-34.2%-11.8%
Net margin2.0%2.1%1.5%-2.1%-37.8%-15.4%
Return on equity11.8%12.1%7.5%-10.1%-756.7%-38.9%
Return on assets2.2%2.1%1.4%-1.7%-21.4%-10.1%
Free cash flow yield21.1%15.6%11.7%0.5%21.5%46.7%
Revenue growth6.5%22.4%19.1%52.9%-11.8%-18.7%
Earnings growth2.0%70.9%-185.6%-91.5%117.2%-9566.7%
Current ratio1.10x1.14x1.18x1.10x1.00x1.31x
Debt to equity0.93x1.01x1.12x1.34x11.31x1.09x
Equity ratio18.3%17.4%18.6%16.7%2.8%26.0%
Interest coverage3.85x3.36x2.58x0.44x-18.43x-6.38x
R&D as a share of sales0.2%0.2%0.3%0.3%0.5%0.5%
Buybacks as a share of market value0.9%1.9%-0.0%-406.1%-89.0%0.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.8%15.9%2.9%
Operating income94.1%——

Average margins

Over each period

1 year3 years5 years10 years
Operating margin4.4%3.6%-1.9%-2.3%
Net margin2.1%1.1%-4.6%-5.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings15.116.116.4-10.8-0.4-0.6108.3-2.1-3.5-0.8
Price to sales0.30.30.30.20.20.10.10.10.10.2

Dividends and splits

Per share, in the currency the company pays

Paid for 1 years. Last went ex-dividend on 19 May 2025.

FY2025FY2020FY2013FY2012FY2011FY2010FY2009FY2008
Paid in the year0.170.0252.1492.2121.9911.7381.7381.39
  • 10-to-1 reverse split · 13 Jun 2022
  • 100-to-21 reverse split · 23 May 2022
  • 10-to-1 reverse split · 22 May 2017
  • 1-to-1 reverse split · 22 May 2001

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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