Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
Spain
In shortTelefonica SA is loss-making, generates cash and carries heavy debt, with revenue stable (−1.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 3.8% | 29/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -12.3% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -25.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 2.1% | 14/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.89× | 7/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.41× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.20× | 23/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.54× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 27.7% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 6.4% | 87/100 |
| Operating margin volatility | 12.3% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.2% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 39,277 | 39,993 | 40,652 | 35,671 | 35,120 |
| Operating income | 13,586 | 4,056 | 2,593 | 4,157 | 1,319 |
| Interest expense | 2,028 | 3,030 | 3,014 | 2,392 | 2,447 |
| Pre-tax income | 12,095 | 2,960 | (1,473) | 2,589 | (1,403) |
| Income tax | 1,378 | 641 | (899) | 617 | 365 |
| Net income | 8,137 | 2,011 | (892) | (49) | (4,318) |
| Diluted EPS | €1.34 | €0.31 | −€0.20 | −€0.06 | −€0.81 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice.
Latest annual report: Dec 31, 2025 · Data updated Feb 24, 2026