Técnicas Reunidas Past Earnings Performance
Past criteria checks 5/6
Técnicas Reunidas has been growing earnings at an average annual rate of 63.4%, while the Energy Services industry saw earnings growing at 45.7% annually. Revenues have been growing at an average rate of 13.7% per year. Técnicas Reunidas's return on equity is 27.8%, and it has net margins of 2.4%.
Key information
63.41%
Earnings growth rate
56.65%
EPS growth rate
| Energy Services Industry Growth | 23.29% |
| Revenue growth rate | 13.70% |
| Return on equity | 27.75% |
| Net Margin | 2.42% |
| Next Earnings Update | 14 May 2026 |
Recent past performance updates
Recent updates
TRE: LNG Project Optimism Will Likely Fail To Offset Weakening Long-Term Outlook
Analysts have lifted their price target for Técnicas Reunidas from €17.34 to €23.86, pointing to updated assumptions on discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News Coastal Bend LNG selected Técnicas Reunidas and KBR, Inc.
TRE: LNG Project Wins And 2025 Revenue Outlook Will Support Fair Value
Analysts have lifted their price target for Técnicas Reunidas from €29.17 to €32.35, citing updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News Coastal Bend LNG selected Técnicas Reunidas, alongside KBR, for front end engineering and design work on a planned natural gas liquefaction and export facility on the Texas Gulf Coast, with potential to move into the engineering, procurement, and construction phase after a final investment decision (Key Developments).
TRE Lower Risk Profile And Higher Margins Will Drive Stronger Future Upside
Analysts have raised their price target on Técnicas Reunidas from €25.50 to €36.00, citing a lower perceived risk profile and improved long term profitability, even though revenue growth expectations have moderated. What's in the News Técnicas Reunidas issued earnings guidance for 2025, forecasting revenues above EUR 6.25 billion (company guidance).TRE: Lower Discount Rate Will Likely Fail To Offset Weakening Long-Term Outlook
Analysts have raised their price target on Técnicas Reunidas to approximately €17.34 from about €16.63. This reflects a lower perceived discount rate and slightly improved valuation multiples, even though assumptions on revenue growth and profit margins have become more cautious.TRE: Revenue Outlook Above EUR 6.25 Billion Will Support Fair Value
Analysts have adjusted their price target for Técnicas Reunidas slightly downward from €29.67 to €29.17. This change reflects a modest shift based on updated projections for revenue growth and profit margins.TRE: Improved Margins And Reduced Risk Will Sustain Fair Value Outlook
Analysts have raised their target price for Técnicas Reunidas from €22.54 to €29.67. They cite increased fair value estimates driven by improved profit margins and a lower discount rate, even though revenue growth forecasts have moderated.Técnicas Reunidas, S.A.'s (BME:TRE) Intrinsic Value Is Potentially 79% Above Its Share Price
Oct 21
Investors Aren't Entirely Convinced By Técnicas Reunidas, S.A.'s (BME:TRE) Earnings
Sep 29Shareholders Will Be Pleased With The Quality of Técnicas Reunidas' (BME:TRE) Earnings
Aug 08Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?
Jul 28Is Técnicas Reunidas (BME:TRE) Using Too Much Debt?
Jun 22Técnicas Reunidas, S.A. (BME:TRE) Just Reported And Analysts Have Been Lifting Their Price Targets
May 17Sentiment Still Eluding Técnicas Reunidas, S.A. (BME:TRE)
Apr 07Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?
Mar 23
New Project Awards And Global Partnerships Will Drive Future Opportunities
Strategic alliances and a shift towards high-margin services improve execution quality and earnings potential.A Look At The Intrinsic Value Of Técnicas Reunidas, S.A. (BME:TRE)
Jan 06Here's Why Técnicas Reunidas (BME:TRE) Can Manage Its Debt Responsibly
Dec 12Many Still Looking Away From Técnicas Reunidas, S.A. (BME:TRE)
Sep 19Earnings Update: Here's Why Analysts Just Lifted Their Técnicas Reunidas, S.A. (BME:TRE) Price Target To €16.42
Aug 03Does Técnicas Reunidas (BME:TRE) Have A Healthy Balance Sheet?
Jun 15Técnicas Reunidas, S.A.'s (BME:TRE) Shares Leap 39% Yet They're Still Not Telling The Full Story
May 24Not Many Are Piling Into Técnicas Reunidas, S.A. (BME:TRE) Just Yet
Apr 04Here's Why Técnicas Reunidas (BME:TRE) Has A Meaningful Debt Burden
Aug 11Is Técnicas Reunidas, S.A. (BME:TRE) Trading At A 23% Discount?
Mar 08Is Técnicas Reunidas (BME:TRE) Using Debt In A Risky Way?
Oct 27Health Check: How Prudently Does Técnicas Reunidas (BME:TRE) Use Debt?
Nov 03Does Técnicas Reunidas (BME:TRE) Have A Healthy Balance Sheet?
Jul 09Based On Its ROE, Is Técnicas Reunidas, S.A. (BME:TRE) A High Quality Stock?
Mar 10Técnicas Reunidas (BME:TRE) Share Prices Have Dropped 51% In The Last Three Years
Feb 12Is Técnicas Reunidas, S.A. (BME:TRE) Worth €11.8 Based On Its Intrinsic Value?
Jan 14Could The Técnicas Reunidas, S.A. (BME:TRE) Ownership Structure Tell Us Something Useful?
Dec 14Revenue & Expenses Breakdown
How Técnicas Reunidas makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 6,466 | 157 | 785 | 0 |
| 30 Sep 25 | 5,829 | 131 | 758 | 0 |
| 30 Jun 25 | 5,101 | 106 | 741 | 0 |
| 31 Mar 25 | 4,755 | 97 | 724 | 0 |
| 31 Dec 24 | 4,451 | 90 | 704 | 0 |
| 30 Sep 24 | 4,109 | 84 | 660 | 0 |
| 30 Jun 24 | 4,058 | 62 | 640 | 0 |
| 31 Mar 24 | 4,019 | 62 | 611 | 0 |
| 31 Dec 23 | 4,135 | 61 | 583 | 0 |
| 30 Sep 23 | 4,668 | 54 | 563 | 0 |
| 30 Jun 23 | 4,751 | 72 | 549 | 0 |
| 31 Mar 23 | 4,580 | -19 | 535 | 0 |
| 31 Dec 22 | 4,233 | -37 | 517 | 0 |
| 30 Sep 22 | 3,514 | -83 | 514 | 0 |
| 30 Jun 22 | 3,038 | -97 | 506 | 0 |
| 31 Mar 22 | 2,818 | -130 | 508 | 0 |
| 31 Dec 21 | 2,806 | -190 | 514 | 0 |
| 30 Sep 21 | 2,816 | -152 | 529 | 0 |
| 30 Jun 21 | 2,834 | -163 | 549 | 0 |
| 31 Mar 21 | 3,102 | -56 | 572 | 0 |
| 31 Dec 20 | 3,521 | 11 | 604 | 0 |
| 30 Sep 20 | 4,080 | -26 | 627 | 0 |
| 30 Jun 20 | 4,591 | -11 | 642 | 0 |
| 31 Mar 20 | 4,965 | -6 | 649 | 0 |
| 31 Dec 19 | 4,699 | -9 | 652 | 0 |
| 30 Sep 19 | 4,569 | 32 | 667 | 0 |
| 30 Jun 19 | 4,354 | 20 | 659 | 0 |
| 31 Mar 19 | 4,150 | 16 | 657 | 0 |
| 31 Dec 18 | 4,396 | 12 | 649 | 0 |
| 30 Sep 18 | 4,441 | 9 | 658 | 0 |
| 30 Jun 18 | 4,699 | -12 | 621 | 0 |
| 31 Mar 18 | 4,841 | 3 | 656 | 0 |
| 31 Dec 17 | 5,068 | 40 | 655 | 0 |
| 30 Sep 17 | 5,237 | 94 | 639 | 0 |
| 30 Jun 17 | 5,117 | 131 | 650 | 0 |
| 31 Mar 17 | 5,129 | 146 | 645 | 0 |
| 31 Dec 16 | 4,793 | 140 | 637 | 0 |
| 30 Sep 16 | 4,620 | 45 | 627 | 0 |
| 30 Jun 16 | 4,608 | 51 | 620 | 0 |
| 31 Mar 16 | 4,333 | 52 | 608 | 0 |
| 31 Dec 15 | 4,188 | 59 | 597 | 0 |
| 30 Sep 15 | 3,857 | 151 | 584 | 0 |
| 30 Jun 15 | 3,554 | 143 | 575 | 0 |
Quality Earnings: TRE has high quality earnings.
Growing Profit Margin: TRE's current net profit margins (2.4%) are higher than last year (2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRE's earnings have grown significantly by 63.4% per year over the past 5 years.
Accelerating Growth: TRE's earnings growth over the past year (74.3%) exceeds its 5-year average (63.4% per year).
Earnings vs Industry: TRE earnings growth over the past year (74.3%) exceeded the Energy Services industry 20%.
Return on Equity
High ROE: Whilst TRE's Return on Equity (27.75%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 08:22 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Técnicas Reunidas, S.A. is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Javier Esteban Lario | Banco de Sabadell. S.A. |
| Robert Jackson | Banco Santander |
| Lucy Haskins | Barclays |