Leonardo

LDO · Borsa Italiana · EUR

€47.39−0.86%−€0.41

Close · October 2, 2026

At a glance

Revenue growth: +9.80%; 2025 vs 2024
Net income growth: +13.97%; 2025 vs 2024
Net margin: 6.3%; 2024: 6.0%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	34,509	33,673	30,693	28,582	28,379	27,073	26,893	25,519	24,711	25,385
Current assets	19,091	18,204	16,398	14,639	15,569	15,190	14,557	13,670	12,939	13,201
Cash and equivalents	3,238	2,556	2,407	1,511	2,479	2,213	1,962	2,049	1,893	2,167
Short-term investments	—	—	—	—	—	—	—	—	3.0	138
Receivables	8,170	8,402	7,813	7,318	7,254	6,589	6,361	5,900	5,937	6,466
Inventory	7,028	6,520	5,693	5,338	5,486	5,882	5,823	5,449	4,735	4,014
Net property, plant and equipment	3,617	3,412	3,108	2,904	2,652	2,542	2,608	2,166	2,233	2,375
Goodwill	4,312	4,537	3,899	3,925	3,836	3,628	3,825	3,733	3,678	3,823
Other intangible assets	1,086	1,117	742	768	634	596	631	622	772	934
Long-term investments	1,864	1,899	2,101	2,122	1,345	1,087	1,173	1,157	1,142	1,141
Current liabilities	19,580	18,804	16,999	15,178	15,596	15,919	15,341	14,975	14,396	13,628
Accounts payable	3,504	3,763	3,268	3,054	3,372	3,619	3,791	3,028	2,962	2,838
Long-term debt	1,385	1,817	2,354	3,039	3,626	3,400	3,588	3,419	3,265	4,011
Total debt	4,489	4,700	4,929	4,613	5,683	5,728	5,023	4,613	4,682	5,279
Total liabilities	23,769	23,473	22,132	20,883	21,924	21,795	21,559	21,009	20,498	21,012
Total equity (incl. minority)	10,740	10,200	8,561	7,699	6,455	5,278	5,334	4,510	4,213	4,373
Retained earnings	7,430	6,555	5,660	4,975	4,185	3,574	3,427	2,685	2,401	2,471
Minority interest	1,180	1,210	761	516	27.0	11.0	11.0	11.0	14.0	16.0