TOTALENERGIES SE (TTFNF) Financials

TTFNF

FY2025 annual

Revenue $201.2B -6.2% YoY

Net Income $13.4B -16.7% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $27.3B -11.4% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 27, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TTFNF SEC filings page.

TOTALENERGIES SE (TTFNF) reported $201.2B in revenue for fiscal year 2025, down 6.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TTFNF FY2025 2026-08-30

Positive cash generation is being paired with weaker returns and tighter working-capital liquidity, reducing financial flexibility.

Between FY2023 and FY2025, net margin compressed from 9.1% to 6.6% while operating cash flow as a share of revenue fell from 17.2% to 13.6%, so the deterioration reached cash conversion rather than stopping at reported earnings. Yet FY2025 operating cash flow was about 2.0x net income, indicating that depreciation and other noncash items still materially separate cash generation from accounting profit.

The balance sheet is conservatively positioned on stated debt but less comfortable for near-term obligations: current ratio declined from 1.1x in FY2024 to 1.0x in FY2025, while debt-to-equity remained 0.1x. Because current liabilities exceeded current assets in FY2025, the pressure is working-capital liquidity rather than a sharp increase in debt leverage.

Capital returns continued as the operating base weakened: shares outstanding fell from 2.4B in FY2024 to 2.2B in FY2025, consistent with ongoing repurchases. In FY2025, dividends and buybacks used 57.2% of operating cash flow while investing cash uses reached $18.1B, meaning distributions competed with investment needs for a smaller internally generated cash pool.

Financial Health Signals

Financial health score not available

TOTALENERGIES SE does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/8

TOTALENERGIES SE passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.05x

For every $1 of reported earnings, TOTALENERGIES SE generates $2.05 in operating cash flow ($27.3B OCF vs $13.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$26.2B

YoY+1.4%

QoQ+28.3%

5Y CAGR+0.6%

TOTALENERGIES SE held $26.2B in cash against $8.1B in long-term debt as of Q4 2025, with $92.6B of liabilities due within a year.

Shares Outstanding

2.21B

YoY-8.0%

TOTALENERGIES SE had 2.21B shares outstanding in Q4 2025. This represents a decrease of 8.0% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

TTFNF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TTFNF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$201.2B-6.2%	$214.6B-9.5%	$237.1B-15.6%	$281.0B+36.5%	$205.9B+46.3%	$140.7B-29.8%	$200.3B-4.3%	$209.4B+40.4%	$149.1B+16.6%	$127.9B-10.8%	$143.4B
Income Tax	$9.1B-15.6%	$10.8B-19.0%	$13.3B-40.2%	$22.2B+132.0%	$9.6B+2914.8%	$318.0M-94.6%	$5.9B-9.9%	$6.5B+115.1%	$3.0B+212.3%	$970.0M-41.3%	$1.7B
Net Income	$13.4B-16.7%	$16.0B-25.5%	$21.5B+2.2%	$21.0B+28.6%	$16.4B+323.1%	-$7.3B-164.1%	$11.4B-1.0%	$11.6B+39.2%	$8.3B+33.7%	$6.2B+29.7%	$4.8B

Metric	Q4'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q2'2410-Q	Q1'24	Q4'2310-K	Q2'23
Revenue	N/A	$49.6B-7.7%	$52.3B-7.2%	N/A	$53.7B-4.5%	$56.3B-10.1%	N/A	$56.3B-24.7%
Income Tax	N/A	$2.1B-22.7%	$2.7B-7.1%	N/A	$2.7B+9.6%	$2.9B-27.7%	N/A	$2.5B-52.9%
Net Income	N/A	$2.7B-28.6%	$3.9B-32.4%	N/A	$3.8B-7.3%	$5.8B+3.1%	N/A	$4.2B-28.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TTFNF Balance Sheet

TTFNF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$291.1B+2.0%	$285.5B+0.6%	$283.7B-6.7%	$303.9B+3.5%	$293.5B+10.3%	$266.1B-2.6%	$273.3B+6.4%	$256.8B+5.8%	$242.6B+5.0%	$231.0B+2.9%	$224.5B
Current Assets	$89.5B-7.4%	$96.6B-3.0%	$99.5B-20.8%	$125.7B+13.1%	$111.1B+39.5%	$79.7B-6.6%	$85.3B+6.8%	$79.8B-6.1%	$84.9B+17.1%	$72.5B+3.2%	$70.2B
Cash & Equivalents	$26.2B+1.4%	$25.8B-5.2%	$27.3B-17.4%	$33.0B+54.7%	$21.3B-31.7%	$31.3B+14.3%	$27.4B-2.0%	$27.9B-15.9%	$33.2B+34.9%	$24.6B+5.7%	$23.3B
Inventory	$16.7B-11.7%	$18.9B-2.3%	$19.3B-15.8%	$22.9B+15.0%	$20.0B+35.5%	$14.7B-14.0%	$17.1B+15.1%	$14.9B-9.9%	$16.5B+8.3%	$15.2B+16.2%	$13.1B
Goodwill	$12.5B+11.0%	$11.3B+13.2%	$10.0B+15.0%	$8.7B-2.0%	$8.8B+0.2%	$8.8B+5.5%	$8.3B+2.1%	$8.2B+472.8%	$1.4B+23.3%	$1.2B-92.0%	$14.5B
Total Liabilities	$173.5B+5.0%	$165.2B+0.6%	$164.2B-13.3%	$189.3B+6.1%	$178.5B+11.5%	$160.0B+3.9%	$154.0B+11.1%	$138.6B+7.8%	$128.6B-0.6%	$129.4B+0.3%	$129.1B
Current Liabilities	$92.6B+5.2%	$88.0B-0.9%	$88.8B-19.1%	$109.8B+15.4%	$95.1B+47.0%	$64.7B-7.9%	$70.2B+12.9%	$62.2B+9.8%	$56.7B+3.7%	$54.7B+7.3%	$51.0B
Non-Current Liabilities	$81.0B+4.8%	$77.3B+2.5%	$75.4B-5.2%	$79.5B-4.6%	$83.4B-12.6%	$95.4B+13.9%	$83.7B+9.6%	$76.4B+6.3%	$71.9B-3.8%	$74.7B-4.3%	$78.1B
Long-Term Debt	$8.1B+2.9%	$7.8B+0.9%	$7.8B-6.3%	$8.3B+8.3%	$7.6B-1.2%	$7.7B+23.5%	$6.3B	N/A	N/A	N/A	N/A
Total Equity	$117.5B-2.3%	$120.3B+0.7%	$119.5B+4.3%	$114.6B-0.4%	$115.0B+8.4%	$106.1B-11.1%	$119.3B+1.0%	$118.1B+3.6%	$114.0B+12.3%	$101.6B+6.5%	$95.4B

Metric	Q4'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q2'2410-Q	Q1'24	Q4'2310-K	Q2'23
Total Assets	$291.1B+2.0%	$292.8B+4.8%	$291.1B+2.8%	$285.5B+0.6%	$279.5B-0.5%	$283.1B-3.4%	$283.7B-6.7%	$281.0B-15.7%
Current Assets	$89.5B-7.4%	$90.8B-1.0%	$97.1B-0.4%	$96.6B-3.0%	$91.8B-12.4%	$97.5B-12.3%	$99.5B-20.8%	$104.8B-32.8%
Cash & Equivalents	$26.2B+1.4%	$20.4B-12.0%	$22.8B-10.9%	$25.8B-5.2%	$23.2B-9.2%	$25.6B-8.4%	$27.3B-17.4%	$25.6B-22.2%
Inventory	$16.7B-11.7%	$17.3B-14.4%	$19.0B-5.9%	$18.9B-2.3%	$20.2B+7.5%	$20.2B-11.2%	$19.3B-15.8%	$18.8B-34.2%
Goodwill	$12.5B+11.0%	$36.7B+9.6%	$34.5B+4.1%	$11.3B+13.2%	$33.5B+5.5%	$33.2B-0.1%	$10.0B+15.0%	$31.7B-14.3%
Total Liabilities	$173.5B+5.0%	$173.8B+9.0%	$170.6B+5.3%	$165.2B+0.6%	$159.5B-3.1%	$162.0B-7.2%	$164.2B-13.3%	$164.6B-22.9%
Current Liabilities	$92.6B+5.2%	$91.2B+10.8%	$90.5B+1.5%	$88.0B-0.9%	$82.4B-8.2%	$89.2B-8.3%	$88.8B-19.1%	$89.7B-30.3%
Non-Current Liabilities	$81.0B+4.8%	$82.6B+7.1%	$80.2B+10.1%	$77.3B+2.5%	$77.1B+3.0%	$72.8B-5.8%	$75.4B-5.2%	$74.8B-11.7%
Long-Term Debt	$8.1B+2.9%	N/A	N/A	$7.8B+0.9%	N/A	N/A	$7.8B-6.3%	N/A
Total Equity	$117.5B-2.3%	$119.0B-0.9%	$120.4B-0.6%	$120.3B+0.7%	$120.0B+3.1%	$121.1B+2.3%	$119.5B+4.3%	$116.5B-3.0%

Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Retained Earnings.

TTFNF Cash Flow Statement

TTFNF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	$27.3B-11.4%	$30.9B-24.2%	$40.7B-14.1%	$47.4B+55.8%	$30.4B+105.4%	$14.8B-40.0%	$24.7B-0.1%	$24.7B+10.7%	$22.3B+35.1%	$16.5B-17.2%	$19.9B
Depreciation & Amortization	$13.8B+5.6%	$13.1B-5.1%	$13.8B+1.0%	$13.7B-4.6%	$14.3B-37.3%	$22.9B+45.3%	$15.7B+12.4%	$14.0B-13.1%	$16.1B	N/A	N/A
Investing Cash Flow	-$18.1B-4.6%	-$17.3B-5.3%	-$16.5B-8.9%	-$15.1B-10.7%	-$13.7B-4.4%	-$13.1B+23.9%	-$17.2B-14.9%	-$14.9B-28.5%	-$11.6B+34.1%	-$17.7B+13.7%	-$20.4B
Financing Cash Flow	-$9.9B+31.1%	-$14.4B+51.5%	-$29.7B-54.3%	-$19.3B+24.4%	-$25.5B-1923.8%	$1.4B+118.1%	-$7.7B+44.6%	-$13.9B-151.4%	-$5.5B-256.9%	$3.5B+233.2%	$1.1B
Dividends Paid	$8.1B+5.2%	$7.7B+2.7%	$7.5B-24.7%	$10.0B+21.4%	$8.2B+23.0%	$6.7B+0.7%	$6.6B+35.2%	$4.9B+85.9%	$2.6B-0.7%	$2.7B-6.5%	$2.8B
Share Buybacks	$7.5B-5.9%	$8.0B-12.8%	$9.2B+18.9%	$7.7B+323.0%	$1.8B+198.4%	$611.0M-78.3%	$2.8B-35.1%	$4.3B	N/A	N/A	$237.0M

Metric	Q4'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q2'2410-Q	Q1'24	Q4'2310-K	Q2'23
Operating Cash Flow	N/A	$6.0B-33.8%	$2.6B+18.2%	N/A	$9.0B-9.0%	$2.2B-57.7%	N/A	$9.9B-39.2%
Depreciation & Amortization	N/A	$3.4B+9.1%	$3.1B+1.6%	N/A	$3.1B-3.6%	$3.0B-4.7%	N/A	$3.2B-3.8%
Investing Cash Flow	N/A	-$6.7B-46.8%	-$4.8B-38.6%	N/A	-$4.6B-1.9%	-$3.5B+45.5%	N/A	-$4.5B+10.2%
Financing Cash Flow	N/A	-$2.2B+68.5%	-$1.1B-366.9%	N/A	-$6.8B+13.4%	-$242.0M+93.9%	N/A	-$7.9B+8.1%
Dividends Paid	N/A	$1.9B+2.2%	$1.9B-2.7%	N/A	$1.9B+0.6%	$1.9B+3.2%	N/A	$1.8B+0.9%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

TTFNF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TTFNF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Net Margin	6.6%-0.8pp	7.5%-1.6pp	9.1%+1.6pp	7.5%-0.5pp	8.0%+13.2pp	-5.2%-10.9pp	5.7%+0.2pp	5.5%-0.1pp	5.6%+0.7pp	4.9%+1.5pp	3.3%
Return on Equity	11.4%-2.0pp	13.3%-4.7pp	18.0%-0.4pp	18.4%+4.1pp	14.2%+21.2pp	-6.9%-16.5pp	9.6%-0.2pp	9.8%+2.5pp	7.3%+1.2pp	6.1%+1.1pp	5.0%
Return on Assets	4.6%-1.0pp	5.6%-2.0pp	7.6%+0.7pp	6.9%+1.3pp	5.6%+8.3pp	-2.8%-7.0pp	4.2%-0.3pp	4.5%+1.1pp	3.4%+0.7pp	2.7%+0.6pp	2.1%
Current Ratio	0.97-0.1x	1.100.0x	1.120.0x	1.150.0x	1.17-0.1x	1.230.0x	1.21-0.1x	1.28-0.2x	1.50+0.2x	1.33-0.1x	1.38
Debt-to-Equity	0.070.0x	0.070.0x	0.060.0x	0.070.0x	0.070.0x	0.070.0x	0.05-1.1x	1.170.0x	1.13-0.1x	1.27-0.1x	1.35
Asset Turnover	0.69-0.1x	0.75-0.1x	0.84-0.1x	0.92+0.2x	0.70+0.2x	0.53-0.2x	0.73-0.1x	0.82+0.2x	0.61+0.1x	0.55-0.1x	0.64

Metric	Q4'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q2'2410-Q	Q1'24	Q4'2310-K	Q2'23
Net Margin	N/A	5.5%-1.6pp	7.5%-2.8pp	N/A	7.2%-0.2pp	10.3%+1.3pp	N/A	7.4%-0.4pp
Return on Equity	N/A	2.3%-0.9pp	3.3%-1.5pp	N/A	3.2%-0.4pp	4.8%0.0pp	N/A	3.6%-1.3pp
Return on Assets	N/A	0.9%-0.4pp	1.4%-0.7pp	N/A	1.4%-0.1pp	2.1%+0.1pp	N/A	1.5%-0.3pp
Current Ratio	0.97-0.1x	1.00-0.1x	1.070.0x	1.100.0x	1.11-0.1x	1.090.0x	1.120.0x	1.170.0x
Debt-to-Equity	0.070.0x	1.46+0.1x	1.42+0.1x	0.070.0x	1.33-0.1x	1.34-0.1x	0.060.0x	1.41-0.4x
Asset Turnover	N/A	0.170.0x	0.180.0x	N/A	0.190.0x	0.200.0x	N/A	0.200.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where TOTALENERGIES SE Ranks

Frequently Asked Questions

What is TOTALENERGIES SE's annual revenue?

TOTALENERGIES SE (TTFNF) reported $201.2B in total revenue for fiscal year 2025. This represents a -6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is TOTALENERGIES SE's revenue growing?

TOTALENERGIES SE (TTFNF) revenue declined by 6.2% year-over-year, from $214.6B to $201.2B in fiscal year 2025.

Is TOTALENERGIES SE profitable?

Yes, TOTALENERGIES SE (TTFNF) reported a net income of $13.4B in fiscal year 2025, with a net profit margin of 6.6%.

How much debt does TOTALENERGIES SE have?

As of fiscal year 2025, TOTALENERGIES SE (TTFNF) had $26.2B in cash and equivalents against $8.1B in long-term debt.

What is TOTALENERGIES SE's net profit margin?

TOTALENERGIES SE (TTFNF) had a net profit margin of 6.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is TOTALENERGIES SE's return on equity (ROE)?

TOTALENERGIES SE (TTFNF) has a return on equity of 11.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TOTALENERGIES SE's operating cash flow?

TOTALENERGIES SE (TTFNF) generated $27.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TOTALENERGIES SE's total assets?

TOTALENERGIES SE (TTFNF) had $291.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does TOTALENERGIES SE buy back shares?

Yes, TOTALENERGIES SE (TTFNF) spent $7.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does TOTALENERGIES SE have outstanding?

TOTALENERGIES SE (TTFNF) had 2.21B shares outstanding as of fiscal year 2025.

What is TOTALENERGIES SE's current ratio?

TOTALENERGIES SE (TTFNF) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is TOTALENERGIES SE's debt-to-equity ratio?

TOTALENERGIES SE (TTFNF) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TOTALENERGIES SE's return on assets (ROA)?

TOTALENERGIES SE (TTFNF) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TOTALENERGIES SE's Piotroski F-Score?

TOTALENERGIES SE (TTFNF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TOTALENERGIES SE's earnings high quality?

TOTALENERGIES SE (TTFNF) has an earnings quality ratio of 2.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.