Iren SpA (MIL:IRE) Pre-Tax Income: €435 Mil (TTM As of Jun. 2026)

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MIL:IRE Iren SpA MIL:IRE
74 GF Score
Price €2.48
GF Value €2.26
Valuation Fairly Valued
! 3 Warning Signs
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What is Iren SpA Pre-Tax Income?

Iren SpA MIL:IRE -0.08% 74 Pre-Tax Income is €435 Mil as of Jun. 2026. GuruFocus rates MIL:IRE with a GF Score™ of 74/100 and a GF Value™ of €2.26 (Fairly Valued). The stock has 3 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Iren SpA's pretax income for the three months ended in Jun. 2026 was €84 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €435 Mil. Iren SpA's pretax margin was 5.97%.

During the past 13 years, Iren SpA's highest Pretax Margin was 10.21%. The lowest was 5.18%. And the median was 8.83%.


Iren SpA  (MIL:IRE) Pre-Tax Income Explanation

Iren SpA's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=84.386/1413.837
=5.97%

During the past 13 years, Iren SpA's highest Pretax Margin was 10.21%. The lowest was 5.18%. And the median was 8.83%.

* 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.


Iren SpA Pre-Tax Income Related Terms


Iren SpA Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Iren SpA's Pre-Tax Income 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.

Iren SpA Pre-Tax Income Chart

Iren SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 423.61 398.80 378.85 435.28 438.42

Iren SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income 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 74.40 45.17 117.75 187.23 84.39

MIL:IRE vs SRE: Pre-Tax Income Comparison

For the Utilities - Diversified subindustry, Iren SpA's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Iren SpA Pre-Tax Income vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Iren SpA's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Iren SpA's Pre-Tax Income falls into.


MIL:IRE
74GF Score
Iren SpA MIL:IRE
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Iren SpA Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Iren SpA's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=543.608+0+-137.23+24.885+7.1610000000001
=438

Iren SpA's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=120.568+0+-28.018+2.821+-10.985
=84

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €435 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of €435 Mil mean?
Iren SpA (MIL:IRE) has a Pre-Tax Income of €435 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Iren SpA and its competitors.
Is Iren SpA's Pre-Tax Income too high?
Iren SpA's current Pre-Tax Income is €435 Mil. Overall, Iren SpA has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iren SpA's Pre-Tax Income compare to SRE?
Iren SpA's Pre-Tax Income of €435 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Utilities - Regulated company?
A good Pre-Tax Income depends on the Utilities - Regulated industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Iren SpA and its competitors. Iren SpA's current Pre-Tax Income is €435 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iren SpA stock overvalued right now?
Based on GuruFocus' analysis, Iren SpA (MIL:IRE) is currently considered Fairly Valued. The stock's GF Value™ is €2.26, compared to a current price of €2.48 — trading 9.6% above its estimated fair value. The current Pre-Tax Income is €435 Mil. Iren SpA's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Iren SpA (MIL:IRE), the current Pre-Tax Income is €435 Mil as of Jun. 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 Iren SpA (MIL:IRE) Overvalued in 2026?

Based on GuruFocus' analysis, Iren SpA stock appears to be overvalued. The current stock price of €2.48 is trading 9.6% above its estimated GF Value™ of €2.26. GuruFocus considers Iren SpA to be Fairly Valued.

Key valuation signals for MIL:IRE:

  • Pre-Tax Income: €435 Mil
  • GF Value™: €2.26 vs. price of €2.48 (9.6% above fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Iren SpA Business Description

Other Exchanges IRDEY:USA0MUN:UKTZ8:Germany
Address Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123
Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.
74GF Score

Get the complete analysis for MIL:IRE

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.48
Price
€2.26
GF Value