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Leonardo SpA (FINMY) Stock Price & Analysis
FINMY Stock Chart & Stats
- Day’s Range
- $28.89 - $28.89
- 52-Week Range
- $25.67 - $36.99
- Previous Close
- $28.92
- Volume
- 67.82K
- Average Volume (3M)
- 2,249
- Market Cap
- $33.36B
- Enterprise Value
- $36.36B
- Total Cash (Recent Filing)
- $985.59M
- Total Debt (Recent Filing)
- $4.51B
- Price to Earnings (P/E)
- 26.5
- Beta
- 0.67
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 0.28
- Last Dividend Ex-Date
- Jun 23, 2026
- Dividend Yield
- 1.23%
Bulls Say, Bears Say
Bulls Say
Backlog And Order Momentum
Strong order intake, a large backlog and book-to-bill above one provide substantial revenue visibility beyond the current reporting period. This supports capacity planning, reinforces Leonardo’s position in major defence programs, and creates a durable foundation for growth over the next several quarters.
Improving Profitability
Higher return on sales and upgraded EBITA guidance indicate that revenue growth is translating into better operating earnings. If sustained, improving margins should strengthen internal funding capacity, support investment in strategic programs, and increase resilience across the business cycle.
Stronger Capital Structure
Lower leverage and continued equity growth give Leonardo a more resilient balance sheet than earlier in the period. The targeted reduction in net debt would preserve financial flexibility for long-cycle defence investment, customer programs, and selective portfolio expansion.
Bears Say
Cash Conversion Remains Moderate
Cash generation is improving, but free cash flow still trails reported earnings and first-half cash flow remained negative. This can constrain internally funded investment and debt reduction, while working-capital needs and program spending may continue to create volatility in cash conversion.
Aerostructures Remains Loss-making
Persistent Aerostructures losses dilute group profitability despite stronger revenue and narrowing losses. The delayed path to breakeven means management may need continued restructuring or operational investment, creating an ongoing drag on margins and reducing the benefits of improvement elsewhere.
Acquisition And Integration Pressure
The Iveco acquisition expands Leonardo’s portfolio but has increased near-term leverage and adds integration demands. Higher debt and recurring M&A-related costs can absorb cash, complicate execution, and leave less flexibility if acquired operations take longer than expected to deliver benefits.
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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.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- Roberto Cingolani
- Employees
- 62,762
- Website
- www.leonardo.com
- Address
- Piazza Monte Grappa n. 4, Rome, RM, 00195, IT
Leonardo SpA (FINMY) Earnings & Revenues
FINMY Company Deck
FINMY Earnings Call
Earnings Call SentimentPositive
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 FINMY earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 12 | 1 | 9 |
| Technical Analysis | 4 | 1 | 5 |
| Moving Averages | 8 | 0 | 4 |