TipRanks
Leonardo SpA (DE:FMN)
FRANKFURT:FMN

Leonardo SpA (FMN) Price & Analysis

3 Followers

FMN Stock Chart & Stats

€27.40
€0.40(1.57%)
At close: 4:00 PM EDT
€27.40
€0.40(1.57%)

Bulls Say, Bears Say

Bulls Say
Order Momentum And BacklogStrong order growth and a €59bn backlog provide substantial forward revenue visibility across Leonardo’s aerospace and defence programs. The 1.6 book-to-bill ratio indicates demand is outpacing current deliveries, supporting production continuity and multi-period growth.
Improving ProfitabilityHigher return on sales and EBITA growth show that revenue expansion is translating into better operating performance. The upgraded full-year target also indicates management expects the improvement to persist beyond one quarter, strengthening earnings capacity over the planning period.
Stronger Balance SheetDeclining leverage and consistent equity growth give Leonardo a more resilient capital structure than earlier in the period. This improves financial flexibility to support defence programs and strategic investment while reducing sensitivity to funding pressures over the next several quarters.
Bears Say
Weak Cash ConversionCash generation has improved but still trails reported earnings materially, indicating that working-capital or investment requirements absorb a significant share of profit. Persistently weak conversion could constrain debt reduction, acquisitions, and shareholder returns if it does not improve.
Aerostructures LossesContinued Aerostructures losses dilute group profitability despite stronger revenue and narrowing losses. With breakeven pushed beyond the near term, the division may require further management attention and restructuring before it contributes positively to consolidated earnings.
Acquisition Leverage And Integration CostsThe Iveco acquisition has increased near-term net debt and adds integration demands across the portfolio. Although management targets lower year-end debt, execution costs and elevated leverage can absorb cash and reduce flexibility if expected synergies or operational benefits arrive slowly.

Leonardo SpA News

FMN FAQ

What was Leonardo SpA’s price range in the past 12 months?
Leonardo SpA lowest stock price was €22.20 and its highest was €33.00 in the past 12 months.
    What is Leonardo SpA’s market cap?
    Leonardo SpA’s market cap is €27.49B.
      When is Leonardo SpA’s upcoming earnings report date?
      Leonardo SpA’s upcoming earnings report date is Nov 05, 2026 which is in 32 days.
        How were Leonardo SpA’s earnings last quarter?
        Leonardo SpA released its earnings results on Jul 31, 2026. The company reported €0.213 earnings per share for the quarter, missing the consensus estimate of €0.238 by -€0.025.
          Is Leonardo SpA overvalued?
          According to Wall Street analysts Leonardo SpA’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Leonardo SpA pay dividends?
            Leonardo SpA does not currently pay dividends.
            What is Leonardo SpA’s EPS estimate?
            Leonardo SpA’s EPS estimate is 0.25.
              How many shares outstanding does Leonardo SpA have?
              Leonardo SpA has 1,156,300,800 shares outstanding.
                What happened to Leonardo SpA’s price movement after its last earnings report?
                Leonardo SpA reported an EPS of €0.213 in its last earnings report, missing expectations of €0.238. Following the earnings report the stock price went up 3.008%.
                  Which hedge fund is a major shareholder of Leonardo SpA?
                  Currently, no hedge funds are holding shares in DE:FMN
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Leonardo SpA Stock Smart Score

                    Company Description

                    Leonardo SpA

                    Leonardo S.p.A. functions as a leading industrial and technology conglomerate, with its core activities encompassing the production of rotary-wing aircraft, defense electronics and security systems, aeronautics, and advanced space technologies. The company's extensive reach covers Italy, the United Kingdom, the broader European continent, the United States, and a variety of international markets. Its offerings include a comprehensive selection of helicopters tailored for diverse missions such as battlefield operations, combat, maritime patrolling, training, executive and private transportation, medical evacuation and rescue, security surveillance, energy sector support, and general utility services. Leonardo also provides essential support and pilot training programs. In the aeronautical sector, the company manufactures sophisticated trainers, combat jets, and versatile multi-mission transport and reconnaissance aircraft. For defense electronics and security, Leonardo delivers advanced command and control systems, state-of-the-art radars and sensors, optoelectronic devices, secure communication networks, electronic warfare capabilities, avionics suites, air traffic management solutions, and various integrated defense systems. Additionally, it specializes in cybersecurity and resilience, critical communications infrastructure, digital transformation initiatives, and robust monitoring solutions. Within its space division, the firm provides expertise in geoinformation services, satellite communication systems, terrestrial ground stations, navigation technologies, and satellite operational management. Its contributions further extend to developing interplanetary probes and orbiting modules, along with manufacturing specialized components like robotics and drilling equipment, electro-optical instruments, laser transmitters, high-precision atomic clocks, solar photovoltaic panels, power distribution and amplification units, attitude sensors, and orbital micropropulsion systems. Furthermore, Leonardo is actively involved in the fabrication and assembly of critical structural components, utilizing both composite and metallic materials, for commercial and military aircraft, helicopters, and unmanned aerial vehicles. The company also implements advanced automation solutions for airport baggage handling, mail sorting centers, and logistics hubs for courier services. Established in 1948, the entity was originally known as Leonardo – Finmeccanica S.p.a. before officially changing its name to Leonardo S.p.A. in January 2017. Its global headquarters are located in Rome, Italy.

                    Leonardo SpA (FMN) Earnings & Revenues

                    FMN Company Deck

                    FMN Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented a materially improved financial and commercial picture: strong order intake (+40% y/y), revenue growth (+10% y/y), higher profitability (ROS to 7.6%, Q2 EBITA +30%), upgraded full‑year guidance (orders, EBITA, FOCF) and active M&A/portfolio expansion (Iveco IDV, Raft). At the same time, management was candid about near‑term cash impacts (NH90 settlement, higher taxes), integration and non‑recurring costs, an elevated net debt post‑acquisition, lingering losses in Aerostructures and regulatory/timing risks around large strategic transactions. Overall, positives (commercial momentum, margin improvement, guidance upgrades) outweigh the negatives, though execution and integration risks remain important to monitor.View all DE:FMN earnings summaries
                    Similar Stocks
                    Company
                    Price & Change
                    Follow
                    Embraer
                    ―
                    ―
                    L3Harris Technologies
                    ―
                    ―
                    Lockheed Martin
                    ―
                    ―
                    Northrop Grumman
                    ―
                    ―
                    RTX
                    ―
                    ―
                    Popular Stocks