Terna Past Earnings Performance

Past criteria checks 2/6

Terna has been growing earnings at an average annual rate of 7.1%, while the Electric Utilities industry saw earnings growing at 6.7% annually. Revenues have been growing at an average rate of 11.1% per year. Terna's return on equity is 12.9%, and it has net margins of 25.3%.

Key information

7.12%

Earnings growth rate

6.69%

EPS growth rate

Electric Utilities Industry Growth	6.28%
Revenue growth rate	11.14%
Return on equity	12.93%
Net Margin	25.28%
Next Earnings Update	12 Nov 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Terna makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:TERR.F Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 26	4,217	1,066	471
31 Mar 26	4,097	1,064	464
31 Dec 25	4,010	1,063	456
30 Sep 25	3,882	1,042	464
30 Jun 25	3,787	1,045	462
31 Mar 25	3,704	1,054	430
31 Dec 24	3,661	1,050	420
30 Sep 24	3,554	1,054	386
30 Jun 24	3,423	1,016	375
31 Mar 24	3,300	954	379
31 Dec 23	3,154	883	381
30 Sep 23	3,179	917	381
30 Jun 23	3,079	881	373
31 Mar 23	2,993	885	363
31 Dec 22	2,924	877	355
30 Sep 22	2,668	823	329
30 Jun 22	2,640	826	327
31 Mar 22	2,594	805	316
31 Dec 21	2,565	802	308
30 Sep 21	2,506	797	305
30 Jun 21	2,470	793	298
31 Mar 21	2,445	789	303
31 Dec 20	2,397	786	297
30 Sep 20	2,430	774	286
30 Jun 20	2,400	768	282
31 Mar 20	2,346	758	270
31 Dec 19	2,315	757	268
30 Sep 19	2,356	718	270
30 Jun 19	2,331	713	267
31 Mar 19	2,310	710	270
31 Dec 18	2,296	707	262
30 Sep 18	2,236	701	254
30 Jun 18	2,219	697	252
31 Mar 18	2,201	692	248
31 Dec 17	2,201	688	252
30 Sep 17	2,065	675	262
30 Jun 17	2,051	660	261
31 Mar 17	2,107	650	259
31 Dec 16	2,045	633	252
30 Sep 16	2,209	620	250
30 Jun 16	2,157	603	248
31 Mar 16	2,009	585	243
31 Dec 15	2,026	588	245
30 Sep 15	1,948	571	242

Quality Earnings: TERR.F has high quality earnings.

Growing Profit Margin: TERR.F's current net profit margins (25.3%) are lower than last year (27.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TERR.F's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: TERR.F's earnings growth over the past year (2.1%) is below its 5-year average (7.1% per year).

Earnings vs Industry: TERR.F earnings growth over the past year (2.1%) did not outperform the Electric Utilities industry 9.1%.

Return on Equity

High ROE: TERR.F's Return on Equity (12.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/20 19:22
End of Day Share Price	2026/07/29 00:00
Earnings	2026/06/30
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

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

Terna S.p.A. is covered by 35 analysts. 18 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
Francesco Sala	Banca Akros S.p.A. (ESN)
Tommaso Marabini	Banca Akros S.p.A. (ESN)
Virginia Sanz de Madrid Gross	Banco Santander