TotalEnergies SE financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TotalEnergies SE files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	127,925	149,099	209,363	200,316	140,685	205,863	280,999	237,128	214,550	201,196
Cost of revenue	83,377	99,411	125,816	116,221
Gross profit	44,548	49,688	83,547	84,095
Research and development	1,050	912	986	968	895	824	762	774	805	810
Operating income	5,459	7,755	16,017	16,257	-6,315	24,822	50,553
Income tax	970	3,029	6,516	5,872	318	9,587	22,242	13,301	10,775	9,092
Net income to minority interests	10	-332	104	171	-94	334	518	126	273	230
Net income	6,196	8,631	11,446	11,267	-7,242	16,032	20,526	21,384	15,758	13,127
EPS, basic	2.52	3.36	4.27	4.20	-2.90	5.95	7.91	8.72	6.74	5.84
EPS, diluted	2.51	3.34	4.24	4.17	-2.90	5.92	7.85	8.67	6.69	5.78

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	24,597	33,185	27,907	27,352	31,268	21,342	33,026	27,263	25,844	26,202
Inventory	15,247	16,520	14,880	17,132	14,730	19,952	22,936	19,317	18,868	16,663
Total current assets	72,517	84,948	79,799	85,265	79,679	111,136	125,724	99,529	96,571	89,469
Property, plant and equipment	111,971	109,397	113,324	116,408	108,335	106,559	107,101
Goodwill	1,157	1,427	8,174	8,346	8,807	8,829	8,650	9,951	11,265	12,501
Total assets	230,978	242,631	256,762	273,294	266,132	293,458	303,864	283,654	285,487	291,055
Short-term debt	9,469	6,396	8,316	8,710	11,305	8,846	8,997	2,377	4,462	7,622
Total current liabilities	54,685	56,705	62,234	70,244	64,676	95,102	109,778	88,785	87,960	92,563
Lease liabilities				6,263	7,736	7,644	8,277	7,756	7,822	8,051
Total liabilities	129,404	128,594	138,648	153,989	160,047	178,459	189,294	164,201	165,232	173,532
Shareholders' equity	98,680	111,556	115,640	116,778	103,702	111,736	111,724	116,753	117,858	114,883
Minority interests	2,894	2,481	2,474	2,527	2,383	3,263	2,846	2,700	2,397	2,640
Total equity	101,574	114,037	118,114	119,305	106,085	114,999	114,570	119,453	120,255	117,523
Total liabilities and equity	230,978	242,631	256,762	273,294	266,132	293,458	303,864	283,654	285,487	291,055

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	6,206	8,299	11,550	11,438	-7,336	16,366	21,044	21,510	16,031	13,357
Cash from operations	16,521	22,319	24,703	24,685	14,803	30,410	47,367	40,679	30,854	27,343
Cash from investing	-17,653	-11,632	-14,946	-17,177	-13,079	-13,656	-15,116	-16,454	-17,332	-18,131
Share buybacks			-4,328	-2,810	-611	-1,823	-7,711	-9,167	-7,995	-7,714
Dividends paid	-6,605	-7,133	-7,978	-7,845	-8,133	-8,324	-10,525	-7,922	-8,211	-8,483
Cash from financing	3,532	-5,540	-13,925	-7,709	1,398	-25,497	-19,272	-29,730	-14,425	-9,934
Exchange rate effect	-1,072	3,441	-1,110	-354	794	-1,183	-1,295	-258	-516	1,080
Interest paid	1,028	1,305	1,818	2,181	2,145	1,886	2,292	2,883	2,934	3,051
Income taxes paid	2,892	4,013	5,024	5,293	2,858	4,508	14,486	12,688	10,561	9,622

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $90.94 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	6.5%	Net income / revenue.
Operating cash flow margin	13.6%	Cash from operations / revenue.
Return on equity (ROE)	11.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.6%	Net income / average total assets.
R&D / revenue	0.4%	Research and development expense / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-6.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-10.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-16.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-13.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-13.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-9.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-11.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-16.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	13.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.97x	Current assets / current liabilities.
Quick ratio	0.28x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.28x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	59.6%	Total liabilities / total assets.
Working capital	-$3.09B	Current assets - current liabilities.
Goodwill and intangibles / assets	4.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$102.38B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.70x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.78	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$5.84	Net income per basic share, as reported (split-adjusted).
Payout ratio	64.6%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$198.42B	Share price x shares outstanding.
Enterprise value	$172.22B	Market cap + total debt - cash - short-term investments.
P/E	15.1x	Market cap / net income. Only when net income is positive.
P/S	0.99x	Market cap / revenue.
P/B	1.73x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.94x	Market cap / tangible book value, when positive.
P/OCF	7.26x	Market cap / cash from operations, when positive.
EV/Sales	0.86x	Enterprise value / revenue.
Earnings yield	6.6%	Net income / market cap (the inverse of P/E).
Dividend yield	4.3%	Dividends paid over the period / market cap.
Shareholder yield	8.2%	(Dividends paid + share buybacks) / market cap.

What was TotalEnergies SE's revenue in fiscal 2025?

TotalEnergies SE reported revenue of $201.20B for fiscal 2025, 6.2% lower than the year before.

Was TotalEnergies SE profitable in fiscal 2025?

Yes. Net income was $13.13B, a net margin of 6.5%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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