TEZNY
Terna S.p.A.
OTC Markets OTCPKUSDEQUITY
Utilities
DELAYED
Last price
34.19
▼ 0.18 (0.52%)
MARKET · —
Price
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
34.42
Prev close
34.37
Day high
34.42
Day low
34.22
Volume
109
Market cap
$22.89B
P/E (TTM)
18.38
52W range
29.01 – 36.42
Trailing performance
Returnvs SPY
1W
+1.06%
+2.4%
1M
-3.23%
-7.0%
3M
-2.45%
-5.6%
6M
-2.40%
-13.5%
YTD
+7.15%
-5.1%
1Y
+12.47%
-7.5%
3Y
+45.24%
-28.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TEZNY open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$22.89B
Enterprise value$35.53B
Revenue (TTM)$4.22B
Gross profit$3.38B
EBITDA$2.82B
Net income$1.07B
EPS (TTM)$1.86
Free cash flow$-786.74M
Total cash$2.27B
Total debt$14.91B
Book value / share$15.14
Shares outstanding668.92M
Float468.85M
Short % of float—
Dividend yield3.96%
Beta (5Y)0.61
Valuation & profitability ratios
Trailing P/E18.38
Forward P/E—
PEG ratio2.05
Price / sales—
Price / book2.26
EV / revenue8.43
EV / EBITDA12.60
Gross margin80.10%
Operating margin45.15%
Profit margin26.44%
Return on equity13.83%
Return on assets3.94%
Debt / equity172.37
Current ratio0.96
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | — | $3.65B | $3.15B | $2.92B | $2.56B | — |
| Operating revenue | — | $3.65B | $3.15B | $2.92B | $2.56B | — |
| Cost of revenue | $352.70M | $305.20M | $285.40M | $247.80M | — | +15.6% |
| Gross profit | $3.65B | $3.35B | $2.86B | $2.67B | — | +9.0% |
| Selling, general & admin | — | $21.40M | $19.60M | $16.80M | $15.40M | — |
| Total operating expense | $1.83B | $1.64B | $1.52B | $1.37B | — | +11.5% |
| Operating income | — | $1.70B | $1.34B | $1.31B | $1.16B | — |
| Net interest income | — | -$175.50M | -$119.90M | -$107.20M | -$84.20M | — |
| Pre-tax income | — | $1.51B | $1.24B | $1.23B | $1.12B | — |
| Tax provision | — | $455.00M | $364.30M | $355.40M | $317.90M | — |
| Net income | — | $1.06B | $885.40M | $857.00M | $789.40M | — |
| Net income to common | — | $1.06B | $885.40M | $857.00M | $789.40M | — |
| Basic EPS | 1.59 | 1.57 | 1.32 | 1.28 | — | +1.3% |
| Diluted EPS | 1.59 | 1.57 | 1.32 | 1.28 | — | +1.3% |
| EBIT | — | $1.78B | $1.43B | $1.35B | $1.21B | — |
| EBITDA | — | $2.66B | $2.23B | $2.08B | $1.88B | — |
| Basic shares | 668.67M | 668.67M | 668.59M | 668.57M | — | 0.0% |
| Diluted shares | 668.67M | 668.67M | 668.59M | 668.57M | — | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | — | $2.31B | $1.38B | $2.16B | $1.57B | — |
| Cash & short-term investments | — | $2.76B | $1.75B | $2.41B | $2.54B | — |
| Accounts receivable | — | $3.07B | $2.15B | $2.36B | $2.78B | — |
| Inventory | — | $108.20M | $75.00M | $83.00M | $69.90M | — |
| Total current assets | — | $6.25B | $4.24B | $5.12B | $5.86B | — |
| Property, plant & equipment | — | $19.24B | $17.60B | $16.20B | $15.32B | — |
| Goodwill & intangibles | — | $982.20M | $867.20M | $775.80M | $656.50M | — |
| Total assets | — | $27.19B | $23.39B | $22.80B | $22.36B | — |
| Total current liabilities | — | $6.86B | $6.33B | $6.81B | $7.65B | — |
| Current debt | — | $2.45B | $2.66B | $2.40B | $3.63B | — |
| Long-term debt | — | $11.41B | $9.41B | $8.42B | $8.84B | — |
| Total debt | — | $13.86B | $12.07B | $10.81B | $12.46B | — |
| Total liabilities | — | $19.64B | $17.05B | $16.63B | $17.65B | — |
| Retained earnings | — | $4.65B | $4.28B | $4.04B | $3.75B | — |
| Shareholder equity | — | $7.52B | $6.32B | $6.14B | $4.68B | — |
| Working capital | — | -$609.70M | -$2.08B | -$1.69B | -$1.79B | — |
| Net tangible assets | — | $6.54B | $5.46B | $5.37B | $4.03B | — |
| Shares issued | 2.01B | 2.01B | 2.01B | 2.01B | — | 0.0% |
| Line item | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|
| Net income | $1.06B | $882.80M | $857.70M | $790.80M | +20.4% |
| Depreciation & amortisation | $876.40M | $775.70M | $736.10M | $664.80M | +13.0% |
| Change in working capital | -$544.90M | -$510.60M | $721.70M | -$585.80M | -6.7% |
| Operating cash flow | $1.48B | $1.08B | $2.32B | $832.30M | +36.1% |
| Capital expenditure | -$2.59B | -$2.27B | -$1.70B | -$1.48B | -14.3% |
| Investing cash flow | -$2.40B | -$2.33B | -$1.86B | -$863.30M | -3.0% |
| Share buybacks | — | — | -$10.00M | -$10.00M | — |
| Dividends paid | -$698.40M | -$671.50M | -$595.80M | -$546.70M | -4.0% |
| Financing cash flow | $1.86B | $464.30M | $92.50M | -$1.05B | +300.4% |
| Free cash flow | -$1.11B | -$1.18B | $619.00M | -$642.70M | +5.8% |
| End cash position | $2.31B | $1.38B | $2.17B | $1.61B | +67.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.09B | $988.70M | — | $988.10M | $962.80M | $901.80M | +10.4% |
| Operating revenue | $1.09B | $988.70M | — | $988.10M | $962.80M | $901.80M | +10.4% |
| Cost of revenue | $84.10M | $99.30M | $47.70M | $115.80M | $64.90M | — | -15.3% |
| Gross profit | $1.01B | $889.40M | $1.07B | $872.30M | $897.90M | — | +13.3% |
| Total operating expense | $521.60M | $439.60M | $603.60M | $437.50M | $443.00M | — | +18.7% |
| Operating income | $485.90M | $449.80M | — | $434.80M | $454.90M | $432.80M | +8.0% |
| Net interest income | -$47.70M | -$46.60M | — | -$55.30M | -$39.70M | -$38.80M | -2.4% |
| Pre-tax income | $464.40M | $403.20M | — | $379.50M | $442.60M | $394.00M | +15.2% |
| Tax provision | $148.50M | $125.30M | — | $113.30M | $130.50M | $118.60M | +18.5% |
| Net income | $314.70M | $276.50M | — | $265.00M | $312.40M | $275.30M | +13.8% |
| Net income to common | $314.70M | $276.50M | — | $265.00M | $312.40M | $275.30M | +13.8% |
| Basic EPS | 0.47 | 0.41 | — | 0.40 | — | 0.41 | +13.8% |
| Diluted EPS | 0.47 | 0.41 | — | 0.40 | — | 0.41 | +13.8% |
| EBIT | $552.50M | $449.80M | — | $434.80M | $533.90M | $432.80M | +22.8% |
| EBITDA | $811.60M | $697.60M | — | $666.50M | $761.80M | $652.00M | +16.3% |
| Basic shares | 668.92M | 668.57M | — | 668.57M | — | 668.61M | +0.1% |
| Diluted shares | 668.92M | 668.57M | — | 668.57M | — | 668.61M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.94B | — | — | — | $2.40B | — | — |
| Cash & short-term investments | $2.28B | — | — | — | $2.83B | — | — |
| Accounts receivable | $3.05B | $1.06B | — | $1.17B | $3.03B | $1.31B | +187.7% |
| Inventory | $145.30M | — | — | — | $128.00M | — | — |
| Total current assets | $5.92B | $1.09B | — | — | $6.18B | $1.32B | +444.6% |
| Property, plant & equipment | $22.48B | $21.88B | — | $20.66B | $20.03B | $19.57B | +2.7% |
| Goodwill & intangibles | $1.29B | $1.30B | — | $1.18B | $1.08B | $990.00M | -0.7% |
| Total assets | $30.51B | $24.82B | — | — | $28.08B | $22.43B | +22.9% |
| Total current liabilities | $6.14B | $1.78B | — | — | $7.61B | $1.84B | +244.9% |
| Current debt | $656.30M | — | — | — | $3.22B | — | — |
| Long-term debt | $14.20B | $12.17B | — | $11.67B | $11.52B | — | +16.7% |
| Total debt | $14.86B | $12.17B | — | $11.67B | $14.75B | — | +22.1% |
| Total liabilities | $21.86B | $15.90B | — | — | $20.55B | $3.49B | +37.5% |
| Retained earnings | $4.67B | — | — | — | $4.39B | — | — |
| Shareholder equity | $8.63B | $8.90B | — | $7.77B | $7.51B | $7.78B | -3.1% |
| Working capital | -$218.80M | -$692.90M | — | — | -$1.43B | -$517.60M | +68.4% |
| Net tangible assets | $7.34B | $7.61B | — | $6.59B | $6.43B | $6.79B | -3.5% |
| Shares issued | 2.01B | 2.01B | 2.01B | 2.01B | 2.01B | — | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $316.00M | $277.80M | $266.20M | $312.70M | $275.70M | +13.8% |
| Depreciation & amortisation | $259.10M | $247.80M | — | $222.10M | $219.20M | +4.6% |
| Change in working capital | $223.00M | $200.00K | — | -$47.60M | $127.20M | +111,400.0% |
| Operating cash flow | $829.10M | $510.30M | $1.14B | $432.40M | $610.20M | +62.5% |
| Capital expenditure | -$979.60M | -$511.40M | -$836.40M | -$742.60M | -$562.10M | -91.6% |
| Investing cash flow | -$286.30M | -$511.40M | — | -$687.20M | -$562.10M | +44.0% |
| Free cash flow | -$150.50M | -$1.10M | $307.10M | -$310.20M | $48.10M | -13,581.8% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $1.06B | +7.6% |
| Next quarter | — | — | $1.32B | +15.0% |
| Current year | — | — | $4.41B | +9.4% |
| Next year | — | — | $4.80B | +8.8% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.00%
Held by institutions0.00%
Institutions holding4
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
34.07
+0.36% from price
SMA 20
34.38
-0.54% from price
SMA 50
34.82
-1.82% from price
SMA 100
34.98
-2.27% from price
SMA 200
33.84
+1.04% from price
EMA 12
34.22
-0.08% from price
EMA 26
34.43
-0.71% from price
EMA 50
34.62
-1.23% from price
RSI (14)
45.7
Neutral
MACD (12,26,9)
-0.22
Hist -0.00
ATR (14)
0.35
1.02% of price
Realised vol 30D
13.8%
Annualised
Bollinger upper
35.11
20, 2σ
Bollinger lower
33.64
20, 2σ
50 / 200 cross
Golden
34.82 vs 33.84
Trend bias
Above 200
+1.04%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.19
Less volatile than market
Correlation to SPY
0.15
Largely independent
Realised vol 30D
13.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-9.4%
Peak to trough
Max drawdown 5Y
-35.2%
Peak to trough
ATR 14
0.35
1.02% of price
Beta (reported)
0.61
5Y monthly, from filing
Dividends & splits
Forward rate$1.35 / yr
Forward yield3.96%
5-year avg yield4.19%
Payout ratio73.94%
Ex-dividend dateJun 23, 2026
Next pay dateJul 14, 2026
Last split—
Split date—
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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