LDO.MI · MIL FTSE MIB

Leonardo S.p.a.

Industrials · Aerospace & Defense

€50.65 −€0.89 (−1.73%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 19 analysts

Buy

Median price target €69.00 +36.2%

Open: €52.15
Day range: 50.52 – €52.25
52-week range: 44.25 – €66.26
Volume: 562,423
Market cap: €29,215M
P/E (TTM): 23.8x
EPS (TTM): €2.13
EPS est. 2026: €2.50
P/E est. 2026: 20.3x
Dividend yield: 1.2%
Beta: 0.38
Payout: 29%

Leonardo financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€5,344M	n/a
Net income	€294M	n/a
Earnings per share	€0.51	n/a
Net margin	5.5%	n/a
Free cash flow	€981M	n/a
Debt / equity	0.45	n/a

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q2 2025	€4,760M	€124M
Q4 2025	€6,059M	€560M
Q1 2026	€4,448M	€162M
Q2 2026	€5,555M	€241M
Q3 2026	€5,344M	€294M

Leonardo earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 1	€1.0581.06 – 1.06	+6.2%€0.996
Current year2026 · Analysts: 10	€2.4982.36 – 2.82	+31.8%€1.896
Next year2027 · Analysts: 13	€2.8962.65 – 3.08	+16.0%€2.498

Forward P/E: 20.3x (2026) and 17.5x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q2 2025	€0.214	—
Q4 2025	€0.996	€0.748
Q1 2026	€0.282	€0.180
Q2 2026	€0.521	€0.475
Q3 2026	€0.510	€0.452
Q4 2026	—	€1.058

Year	Actual EPS	Estimated EPS
2022	€1.611	—
2023	€1.144	—
2024	€1.865	—
2025	€2.122	—
2026	—	€2.498
2027	—	€2.896

EPS trend

Quarter	EPS	YoY change
Q4 2026Estimated	€1.058	+6.2%
Q3 2026	€0.510est. €0.452 · surprise +12.9%	n/a
Q2 2026	€0.521est. €0.475 · surprise +9.6%	+143.4%
Q1 2026	€0.282est. €0.180 · surprise +57.0%	n/a
Q4 2025	€0.996est. €0.748 · surprise +33.2%	n/a
Q2 2025	€0.214	n/a

Year	EPS	Annual change
2027Estimated	€2.896	+16.0%
2026Estimated	€2.498	+17.7%
2025	€2.122	+13.8%
2024	€1.865	+63.0%
2023	€1.144	−29.0%
2022	€1.611	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Leonardo dividend

Yield and payments

Dividend yield (TTM)	1.2%
Forward yield (next 12m)	1.2%
Dividend per share (TTM)	€0.63
Forward dividend (next 12m)	€0.63
Payout (TTM)	29%
Last dividend	€0.63Jun 22, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€0.14
2020	€0.14
2021	€0.00
2022	€0.14
2023	€0.14
2024	€0.28
2025	€0.52
est. 12m	€0.63

Leonardo forecasts

19 analyst ratings

Buy74% Hold26% Sell0%

Consensus: Buy · 14 buy, 5 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€82.00	+61.9%
Median	€69.00	+36.2%
Low	€55.00	+8.6%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€46.91
Dec 30, 2025	€49.16
Jan 30, 2026	€56.30
Feb 27, 2026	€56.80
Mar 31, 2026	€58.04
Apr 30, 2026	€53.02
May 29, 2026	€54.42
Jun 30, 2026	€46.93
Jul 31, 2026	€55.12
Aug 31, 2026	€51.72
Sep 30, 2026	€49.00
Oct 30, 2026	€51.76
Nov 11, 2026	€50.65

Leonardo peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
LDO.MI	Leonardo	29,215	23.8x	50.65	−1.73%	44.2566.26
AIR.PA	Airbus	165,049	26.8x	209.15	+0.43%	157.42221.30
SAF.PA	Safran	128,682	33.4x	310.90	−0.58%	262.60366.50
HO.PA	Thales	47,364	31.7x	230.40	−0.99%	211.90274.20
RHM.DE	Rheinmetall	38,408	28.7x	823.00	−3.55%	792.601,966.00
MTX.DE	MTU Aero Engines	19,167	20.3x	355.80	−1.41%	265.20404.80