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EIPAF (Eni SpA) Gross Profit : $12,149 Mil (TTM As of Sep. 2024)


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What is Eni SpA Gross Profit?

Eni SpA's gross profit for the three months ended in Sep. 2024 was $2,201 Mil. Eni SpA's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $12,149 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Eni SpA's gross profit for the three months ended in Sep. 2024 was $2,201 Mil. Eni SpA's Revenue for the three months ended in Sep. 2024 was $22,928 Mil. Therefore, Eni SpA's Gross Margin % for the quarter that ended in Sep. 2024 was 9.60%.

Eni SpA had a gross margin of 9.60% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Eni SpA was 18.23%. The lowest was 7.12%. And the median was 13.31%.


Eni SpA Gross Profit Historical Data

The historical data trend for Eni SpA's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eni SpA Gross Profit Chart

Eni SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,112.22 3,810.22 15,777.40 24,129.24 13,524.54

Eni SpA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,848.45 3,110.14 3,931.52 2,906.35 2,200.89

Competitive Comparison of Eni SpA's Gross Profit

For the Oil & Gas Integrated subindustry, Eni SpA's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eni SpA's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Gross Profit distribution charts can be found below:

* The bar in red indicates where Eni SpA's Gross Profit falls into.



Eni SpA Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Eni SpA's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=102199.564 - 88675.027
=13,525

Eni SpA's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=22927.858 - 20726.97
=2,201

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12,149 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Eni SpA's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=2,201 / 22927.858
=9.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Eni SpA  (OTCPK:EIPAF) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Eni SpA had a gross margin of 9.60% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Eni SpA Gross Profit Related Terms

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Eni SpA Business Description

Address
1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

Eni SpA Headlines

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