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.
Técnicas Reunidas, S.A. is a Spanish multinational general contractor specializing in engineering, procurement, and construction services for industrial plants, particularly in the oil and gas sector. Founded in 1959 through a partnership between Spanish businessmen and The Lummus Company, it has evolved into a global leader, designing and building over 1,000 facilities worldwide, with international projects comprising 70% of its turnover, primarily in the Middle East, Latin America, China, and North Africa. The company operates across key divisions including oil and gas, power generation, petrochemicals, infrastructures, low carbon technologies, and renewables, while also serving sectors like fertilizers, mining, metallurgy, and environmental engineering. Headquartered in Madrid, Técnicas Reunidas, S.A. maintains a dedicated research and development center focused on process innovation, hydrometallurgy, and scaling technologies from lab to industrial levels. As a prominent player in energy transition initiatives, it delivers turnkey solutions that support sustainable industrial development globally. Employing over 12,000 people, the firm continues to expand its footprint in engineering and construction markets.
€32.02
€0.40 (-1.23%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 4.58%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 45.3%, still solid.
Even for strong businesses, today's 17x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
17.4x earnings, 19.9x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€6.74B
▲ +45.3% YoY
Net Income (TTM)
€144M
▲ +74.9% YoY
Op. Margin
4.69%
▲ +0.4pp YoY
ROIC
14.12%
▲ +5.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€126M
▲ +65.6% YoY
Op. Cash Flow (FY)
€141M
▲ +71.0% YoY
Net Debt
-€239M
Net Cash Position
Cash & Equiv.
€1.14B
3Y CAGR: +15.2%
3Y CAGR: +15.6%
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