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Italy
In short"terna - Rete Elettrica Nazionale Societa' Per Azioni" (in Forma Abbreviata "terna S.p.a.") is profitable, burns cash and carries moderate debt, with revenue growing (+15.8% last year).
Financial health
Mixed
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. | 46.4% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 29.4% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.3% | 77/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.7% | 38/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.74× | 15/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 6.41× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.05× | 34/100 |
| 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. | -24.6% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.84× | 0/100 |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 4 | 100/100 |
| Revenue growth volatility | 4.6% | 94/100 |
| Operating margin volatility | 2.1% | 90/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 12.6% | 87/100 |
|---|---|---|
| EPS growth, 3-year average | 10.0% | 75/100 |
Weight in the score: 10%
Fiscal year 2024 · 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.
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 2,378 | 2,535 | 2,898 | 3,123 | 3,616 |
| Operating income | 1,177 | 1,200 | 1,334 | 1,362 | 1,677 |
| Interest expense | 92 | 96 | 122 | 236 | 332 |
| Pre-tax income | 1,091 | 1,122 | 1,233 | 1,245 | 1,506 |
| Income tax | 297 | 318 | 355 | 364 | 455 |
| Net income | 786 | 789 | 857 | 885 | 1,062 |
| Diluted EPS | €0.39 | €0.39 | €0.43 | €0.43 | €0.52 |
Not computed: a required balance-sheet item is missing.
Not computed: it needs two consecutive complete years.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2024 · Data updated Apr 29, 2025