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Buyback calculator for Terna - Rete Elettrica Nazionale Società per Azioni
Terna - Rete Elettrica Nazionale Società per Azioni stock: key metrics
TRN.MITerna - Rete Elettrica Nazionale Società per Azioni had an operating margin of 43.6% and a return on invested capital (ROIC) of 6.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 98.3% | 50.8% | 32.8% |
| 2007 | 92.2% | 55.8% | 33.4% |
| 2008 | 92.9% | 53.5% | 25.5% |
| 2009 | 89.5% | 52.7% | no data |
| 2010 | 88.2% | 53.1% | 40.0% |
| 2011 | 89.3% | 52.5% | no data |
| 2012 | 90.2% | 55.9% | 26.8% |
| 2013 | 92.2% | 55.7% | 27.8% |
| 2014 | 90.2% | 51.8% | 28.3% |
| 2015 | 88.0% | 50.5% | 29.4% |
| 2016 | 87.8% | 50.7% | 31.0% |
| 2017 | 85.1% | 48.9% | 31.3% |
| 2018 | 83.5% | 47.8% | 30.8% |
| 2019 | 86.2% | 49.9% | 32.7% |
| 2020 | 85.9% | 49.1% | 32.8% |
| 2021 | 84.0% | 46.8% | 30.8% |
| 2022 | 82.7% | 45.6% | 29.3% |
| 2023 | 81.7% | 43.2% | 28.1% |
| 2024 | 91.6% | 46.0% | 29.1% |
| 2025 | 48.1% | 43.6% | 28.1% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 18.7% | 13.4% | 5.7% |
| 2007 | 20.0% | 11.6% | 5.4% |
| 2008 | 16.4% | 8.9% | 3.6% |
| 2009 | no data | 7.7% | no data |
| 2010 | 22.2% | 7.6% | 5.7% |
| 2011 | no data | 5.2% | no data |
| 2012 | 16.6% | 5.8% | 3.1% |
| 2013 | 17.5% | 5.8% | 3.5% |
| 2014 | 17.6% | 5.8% | 3.6% |
| 2015 | 17.9% | 5.9% | 3.9% |
| 2016 | 17.9% | 5.9% | 3.9% |
| 2017 | 18.1% | 6.5% | 4.0% |
| 2018 | 17.6% | 6.6% | 4.1% |
| 2019 | 18.1% | 6.8% | 4.2% |
| 2020 | 18.0% | 6.7% | 3.8% |
| 2021 | 16.9% | 6.1% | 3.5% |
| 2022 | 16.6% | 6.3% | 3.8% |
| 2023 | 14.0% | 5.8% | 3.8% |
| 2024 | 14.1% | 6.5% | 3.9% |
| 2025 | 14.3% | 6.7% | 3.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Sep 2008)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.