Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Fincantieri S.p.A. is an Italian shipbuilding company headquartered in Trieste, recognized as one of the world's largest shipbuilding groups and Europe's leading shipbuilder. Founded in 1959 as a state financial holding and becoming independent in 1984, it designs, constructs, and repairs a diverse range of vessels, including cruise ships, naval vessels, offshore platforms, ferries, and mega yachts. The company excels in high-tech sectors, serving major cruise operators like Carnival, Princess Cruises, and Costa Crociere, while acting as the sole supplier for the Italian Navy and a key partner for the U.S. Navy and other international navies. With a global network of 18 shipyards, over 23,000 direct employees, and extensive supply chains, Fincantieri operates through subsidiaries like Vard Group for specialized offshore vessels and Fincantieri Marine Group in the U.S. It emphasizes sustainable innovation, digitalization, and complex project management, spanning shipbuilding, systems production, electronics, cybersecurity, and after-sales services, playing a pivotal role in cruise, defense, and offshore industries worldwide.
Operating margin is thin at 1.80%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 12.2%, still solid.
Net debt of €1.78B represents 8.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€8.92B
▲ +12.2% YoY
Net Income (TTM)
€117M
▲ +328.6% YoY
Op. Margin
1.80%
▲ +1.5pp YoY
ROIC
3.60%
▲ +3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€204M
▲ +12.6% YoY
Op. Cash Flow (TTM)
€402M
▲ +18.5% YoY
Net Debt
€1.78B
Cash & Equiv.
€513M
3Y CAGR: +6.7%
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