Leonardo SpAFINMY -1.15%77 ROA % is 1.85% as of Mar. 2026, which is 15% below its 10-year median of 2.17. GuruFocus rates FINMY with a GF Score™ of 77/100 and a GF Value™ of $17.77 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 356 Aerospace & Defense companies, Leonardo SpA ranks better than 53.37% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Leonardo SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was $749 Mil.
Leonardo SpA's average Total Assets over the quarter that ended in Mar. 2026 was $40,409 Mil. Therefore, Leonardo SpA's annualized ROA % for the quarter that ended in Mar. 2026 was 1.85%.
The historical rank and industry rank for Leonardo SpA's ROA % or its related term are showing as below:
FINMY'
s ROA % Range Over the Past 10 Years
Min: 0.89 Med: 2.17 Max: 3.59
Current: 3.09
During the past 13 years, Leonardo SpA's highest ROA % was 3.59%. The lowest was 0.89%. And the median was 2.17%.
FINMY's ROA % is ranked better than 53.37% of 356
companies
in the Aerospace & Defense industry
Industry Median: 2.5
vs FINMY: 3.09
Leonardo SpA (OTCPK:FINMY) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Leonardo SpA ROA % Related Terms
Leonardo SpA ROA % Historical Data
* Premium members only.
The historical data trend for Leonardo SpA's ROA % 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.
For the Aerospace & Defense subindustry, Leonardo SpA's ROA %, along with its competitors' market caps and ROA % 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.
Leonardo SpA ROA % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's ROA % distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Leonardo SpA (FINMY) has a ROA % of 1.85% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Leonardo SpA and its competitors. This is 15% below median its historical median of 2.17. Over the past decade, Leonardo SpA's ROA % has ranged from 0.89 to 3.59. According to the industry distribution chart, Leonardo SpA ranks #166 out of 356 companies in the Aerospace & Defense industry, placing it in the top 46.6%.
Is Leonardo SpA's ROA % too high?
Leonardo SpA's current ROA % of 1.85% is 15% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 3.59. The Aerospace & Defense industry median ROA % is 2.50. Leonardo SpA's value of 1.85% is 26% below this industry median. Based on the distribution chart, Leonardo SpA ranks #166 out of 356 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Leonardo SpA has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's ROA % compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #166 out of 356 companies for ROA %. This puts Leonardo SpA in the upper half of its industry. The industry median ROA % is 2.50. Leonardo SpA's value of 1.85% is 26% below this benchmark. Historically, Leonardo SpA's own ROA % has ranged from 0.89 to 3.59 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 2.50, Leonardo SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Aerospace & Defense company?
The median ROA % among Aerospace & Defense companies is 2.50, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leonardo SpA's current ROA % of 1.85% is 26% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Leonardo SpA and its competitors. For the Aerospace & Defense industry, the median ROA % is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current ROA % is 1.85%, which is 15% below median its own 10-year median of 2.17. 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 (FINMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.77, compared to a current price of $26.59 — trading 49.6% above its estimated fair value. The current ROA % is 1.85%, which is 15% below median its 10-year median of 2.17 and 26% below the Aerospace & Defense industry median of 2.50. Leonardo SpA's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Leonardo SpA (FINMY), the current ROA % is 1.85% 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 (FINMY) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $26.59 is trading 49.6% above its estimated GF Value™ of $17.77.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMY:
ROA %: 1.85% (15% below median its 10-year median of 2.17)
GF Value™: $17.77 vs. price of $26.59 (49.6% above fair value)
Industry Position: 26% below the Aerospace & Defense median (#166 of 356)
No single metric tells the full story. See the FINMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
Get the complete analysis for FINMY
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FINMY has been successfully added to your 
