Net margin is calculated as Net Income divided by its Revenue. Saipem SpA's Net Income for the
three
months ended in Mar. 2026 was €78 Mil. Saipem SpA's Revenue for the
three
months ended in Mar. 2026 was €3,528 Mil. Therefore, Saipem SpA's net margin for the quarter that ended in Mar. 2026 was 2.21%.
The historical rank and industry rank for Saipem SpA's Net Margin % or its related term are showing as below:
WBO:SPM3'
s Net Margin % Range Over the Past 10 Years
Min: -37.79 Med: -2.87 Max: 2.1
Current: 2.01
WBO:SPM3's Net Margin % is ranked worse than 56.88% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs WBO:SPM3: 2.01
Saipem SpA (WBO:SPM3) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Saipem SpA Net Margin % Related Terms
Saipem SpA Net Margin % Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Net Margin % 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.
WBO:SPM3 vs SLB, BKR, HAL: Net Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Net Margin %, along with its competitors' market caps and Net Margin % 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.
Saipem SpA Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Net Margin % falls into.
* 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.
Saipem SpA (WBO:SPM3) has a Net Margin % of 2.21% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Saipem SpA and its competitors. According to the industry distribution chart, Saipem SpA ranks #521 out of 916 companies in the Oil & Gas industry, placing it in the top 56.9%.
Is Saipem SpA's Net Margin % too high?
Saipem SpA's current Net Margin % is 2.21%. The Oil & Gas industry median Net Margin % is 3.44. Saipem SpA's value of 2.21% is 35.7% below this industry median. Based on the distribution chart, Saipem SpA ranks #521 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Saipem SpA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Net Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #521 out of 916 companies for Net Margin %. This places Saipem SpA in the lower half of its industry. The industry median Net Margin % is 3.44. Saipem SpA's value of 2.21% is 35.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Net Margin % of 2.21% is 35.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Net Margin % is 2.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saipem SpA stock overvalued right now?
Based on GuruFocus' analysis, Saipem SpA (WBO:SPM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.49, compared to a current price of €4.55 — trading 82.8% above its estimated fair value. The current Net Margin % is 2.21% and 35.7% below the Oil & Gas industry median of 3.44. Saipem SpA's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Saipem SpA (WBO:SPM3), the current Net Margin % is 2.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Saipem SpA (WBO:SPM3) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.55 is trading 82.8% above its estimated GF Value™ of €2.49.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for WBO:SPM3:
Net Margin %: 2.21%
GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
Industry Position: 35.7% below the Oil & Gas median (#521 of 916)
No single metric tells the full story. See the WBO:SPM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saipem SpA specializes in engineering and construction of projects for the energy and infrastructure sectors, offshore and onshore. The company operates through Asset-Based Services, Offshore Drilling, and Energy Carriers segments. Key revenue is generated from Asset-Based Services, which includes the Offshore Engineering & Construction and Offshore Wind activities. The Energy Carriers segment includes the Onshore Engineering & Construction, Sustainable Infrastructures, and Robotics & Industrialized Solutions activities. Its revenue by geographical segment includes Italy, Rest of Europe, CSI, Rest of Asia, etc.
44GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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