Leonardo SpA (MIL:LDO) Other Operating Expense: €351 Mil (TTM As of Mar. 2026)

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MIL:LDO Leonardo SpA MIL:LDO
81 GF Score
Price €50.75
GF Value €31.03
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Leonardo SpA Other Operating Expense?

Leonardo SpA MIL:LDO +2.30% 81 Other Operating Expense is €351 Mil as of Mar. 2026. GuruFocus rates MIL:LDO with a GF Score™ of 81/100 and a GF Value™ of €31.03 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Leonardo SpA's Other Operating Expense for the three months ended in Mar. 2026 was €185 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €351 Mil.

Leonardo SpA's quarterly Other Operating Expense declined from Sep. 2025 (€174 Mil) to Dec. 2025 (€38 Mil) but then increased from Dec. 2025 (€38 Mil) to Mar. 2026 (€185 Mil).

Leonardo SpA's annual Other Operating Expense increased from Dec. 2023 (€647 Mil) to Dec. 2024 (€705 Mil) but then declined from Dec. 2024 (€705 Mil) to Dec. 2025 (€553 Mil).

Leonardo SpA Other Operating Expense Historical Data

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The historical data trend for Leonardo SpA's Other Operating Expense 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.

Leonardo SpA Other Operating Expense Chart

Leonardo SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 526.00 660.00 647.00 705.00 553.00

Leonardo SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense 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 174.00 -46.00 174.00 38.00 185.00
MIL:LDO
81GF Score
Leonardo SpA MIL:LDO
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Leonardo SpA Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €351 Mil.

* 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.

What does a Other Operating Expense of €351 Mil mean?
Leonardo SpA (MIL:LDO) has a Other Operating Expense of €351 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Leonardo SpA and its competitors.
Is Leonardo SpA's Other Operating Expense too high?
Leonardo SpA's current Other Operating Expense is €351 Mil. Overall, Leonardo SpA has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Other Operating Expense compare to SPCX and GE?
Leonardo SpA's Other Operating Expense of €351 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for an Aerospace & Defense company?
A good Other Operating Expense depends on the Aerospace & Defense industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Leonardo SpA and its competitors. Leonardo SpA's current Other Operating Expense is €351 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (MIL:LDO) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.03, compared to a current price of €50.75 — trading 63.6% above its estimated fair value. The current Other Operating Expense is €351 Mil. Leonardo SpA's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Leonardo SpA (MIL:LDO), the current Other Operating Expense is €351 Mil 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 Leonardo SpA (MIL:LDO) Overvalued in 2026?

Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued. The current stock price of €50.75 is trading 63.6% above its estimated GF Value™ of €31.03. GuruFocus considers Leonardo SpA to be Significantly Overvalued.

Key valuation signals for MIL:LDO:

  • Other Operating Expense: €351 Mil
  • GF Value™: €31.03 vs. price of €50.75 (63.6% above fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the MIL:LDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Leonardo SpA Business Description

Address Piazza Monte Grappa 4, Rome, ITA, 00195
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
81GF Score

Get the complete analysis for MIL:LDO

Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€50.75
Price
€31.03
GF Value