profit from every €100 of sales.
€0€100
Terna
€9.76+0.45% today
+9.9% since Dec 18, 25
1-year low €8.881-year high €10.39
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2024.
0%20% a year
You pay €18.43 for every €1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Terna sold, what it kept, and what it did with the cash.
Sales went from €2.56 billion in 2021 to €3.65 billion in 2024, with €1.06 billion of profit last year.
SalesProfit
Terna vs. similar companies
Terna grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| Terna | 18.4× · Fair price | ||
 NextEra Energy | 26.4× · Fair price | ||
 The Southern | 25.2× · Fair price | ||
 Duke Energy | 20.2× · Fair price | ||
 National Grid | 19.5× · Fair price |
AI analysis
An AI analyst reads Terna's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of EUR | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 2,559 | 2,918 | 3,148 | 3,653 | |
| – | 2,670 | 2,862 | 3,347 | |
| 1,160 | 1,306 | 1,342 | 1,703 | |
| 1,878 | 2,083 | 2,229 | 2,657 | |
| 789 | 857 | 885 | 1,062 | |
| – | 0.43 | 0.44 | 0.52 | |
| – | 91.5% | 90.9% | 91.6% | |
| 45.3% | 44.7% | 42.6% | 46.6% | |
| 30.9% | 29.4% | 28.1% | 29.1% |
Balance sheet
| In millions of EUR | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total assets | 22,359 | 22,803 | 23,393 | 27,187 |
| Cash | 1,567 | 2,155 | 1,378 | 2,312 |
| Total debt | 12,463 | 10,814 | 12,069 | 13,859 |
| Total liabilities | 17,646 | 16,634 | 17,050 | 19,643 |
| 4,682 | 6,142 | 6,324 | 7,524 | |
| – | 2,006 | 2,006 | 2,006 | |
| 5.4% | 6.0% | 5.9% | 6.3% | |
| 16.9% | 14.0% | 14.0% | 14.1% |
Cash flow
| In millions of EUR | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 832 | 2,324 | 1,085 | 1,477 | |
| 1,475 | 1,705 | 2,265 | 2,588 | |
| -643 | 619 | -1,180 | -1,112 | |
| Dividends paid | 547 | 596 | 672 | 698 |
| 10 | 10 | – | – | |
| – | – | – | – |
Valuation
- 18.4×
- –
- –
- 2.7×
- 5.4×
- –
- 11.7×
- -5.7%
- 5.4%
- 3.6%
Profitability
- 91.6%
- 46.6%
- 29.1%
- –
- 6.3%
- 5.9%
- –
- –
- –
- –
Growth
- +12.6%
- –
- –
- –
- −0.0%
Financial health
- 4.3×
- 1.84
- –
- 6.5×
- 0.91
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 37%of 399
Top 6%of 394
Bottom 46%of 364
Top 16%of 399
Bottom 22%of 398
3.6%of the share price, paid each year
On $1,000 invested$36a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
65.8% of its profit
Room to growStretchedMore than it earnsNews
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
51No pass
Philip Fisher
65Pass
Peter Lynch
67Pass
Joel Greenblatt
34No pass
Charlie Munger
48No pass
Terry Smith
45No pass
Questions about Terna
Is Terna a good stock to buy?
A business with weak numbers at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Terna AI analysis
What does Terna do?
Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. It is in Utilities - Regulated Electric, based in Rome, RM, Italy, with 7,180 employees.
Does Terna pay a dividend?
Yes. At today's price the dividend is 3.6% a year, about 66% of its yearly profit. In 2024 it paid out €698 million in dividends.
Is Terna stock halal?
No. Terna does not pass our halal screen: its debt is 71% of its market value, at or above the 33% limit. How we check
Who are Terna's competitors?
The largest listed companies in the same industry are NextEra Energy, The Southern, Duke Energy and National Grid. The peers table on this page compares their profit, growth and price with Terna's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.