TTE
TotalEnergies SE
TTE's fundamentals are strong: its operating margin rose 4 points to 16% and revenue grew 16%. At 9.0x earnings, it's trading below its usual 11x. Analysts expect strong earnings growth, though they disagree widely on how much.
TTE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
TTE's revenue, profitability, cash flow and balance sheet are all currently healthy.
TTE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.1x | $89.55 | — |
| Cheap | 8.7x | $86.06 | -3.9% |
| Current | 9x | $89.55 | — |
| Fair | 11x | $106 | +18% |
| Expensive | 12x | $119 | +33% |
Historical ranges are pointers, not guarantees.
TTE's PE is in its cheap range at 9.0x. If earnings grow as analysts expect, today's price would be 7.1x next year's earnings.
TTE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TTE, with profitability holding steady. However, they disagree widely on these estimates.
TTE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.63 | +27% |
| Q3 2026 | $9.91 | +60% |
| Q2 2026 | $7.95 | +44% |
| Q1 2026 | $6.75 | +13% |
| Q4 2025 | $5.79 | -13% |
| Q3 2025 | $6.19 | -12% |
TTE earned $9.91 per share over the past year, up 60% from the year before.
TTE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $60.9B | +39% |
| Q2 2026 | $57.1B | +28% |
| Q1 2026 | $49.5B | +3.4% |
| Q4 2025 | $45.9B | -2.5% |
| Q3 2025 | $43.8B | -7.6% |
| Q2 2025 | $44.7B | -9.2% |
| Q1 2025 | $47.9B | -7.7% |
| Q4 2024 | $47.1B | -14% |
TTE's revenue is growing: $60.9B last quarter, up 39% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +9 points |
| Q2 2026 | 13% | +3.6 points |
| Q1 2026 | 21% | +7.2 points |
| Q4 2025 | 7.6% | -4.4 points |
| Q3 2025 | 13% | +3 points |
| Q2 2025 | 9.7% | -3.1 points |
| Q1 2025 | 13% | -1 points |
| Q4 2024 | 12% | -0.3 points |
TTE's operating margin was 22% last quarter, up 9 points from the same quarter a year ago, near the top of its range since 2019.
TTE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.7B | +135% |
| Q2 2026 | $6.5B | +443% |
| Q1 2026 | -$1.2B | +$414.7M |
| Q4 2025 | $6.5B | -26% |
| Q3 2025 | $4.6B | +49% |
| Q2 2025 | $1.2B | -78% |
| Q1 2025 | -$1.7B | -$408M |
| Q4 2024 | $8.8B | -20% |
TTE still generates free cash flow, though less than at its 2022 peak: $22.5B over the past year.
TTE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1.2M shares |
| 1 year | +2.6% | +57.6M shares |
| 3 years | -14% | -379M shares |
TTE has 2.3B diluted shares, up 2.6% from a year ago, despite $5.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.5B |
| Q2 2026 | $1.5B |
| Q1 2026 | $765.4M |
| Q4 2025 | $1.5B |
| Q3 2025 | $2.3B |
| Q2 2025 | $1.7B |
| Q1 2025 | $2.2B |
| Q4 2024 | $2B |
TTE spent $5.2B buying back its own shares over the past year, down 36% from the year before.
TTE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 1.0x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.7x | Very low |
TTE's net debt is less than a year of its operating earnings (EBITDA), down from a year a year ago.
TTE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.2 | Neutral |
| Stochastic | 61.4 | Neutral |
TTE's weekly RSI is 53 (neutral) and its Stochastic is 61 (neutral).
TTE PE vs Energy Sector
| Metric | TTE | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 25 | 61 | 36 pts below |
TTE is trading at 9.0x earnings, a 31% discount to the Energy sector's median of 13x.
TTE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $89.8 | 0.3% below |
| 20 week MA | $87.6 | 2.3% above |
| 50 week MA | $83.0 | 7.9% above |
| 100 week MA | $71.8 | 25% above |
| 200 week MA | $68.3 | 31% above |
TTE's trend is up, with a small recent dip: it's below only its 8-week average, and 31% above its 200-week average.
TTE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.0 | $43.5 | -21% |
| 2021 | $43.5 | $51.1 | +18% |
| 2022 | $51.1 | $63.2 | +24% |
| 2023 | $63.2 | $67.4 | +6.6% |
| 2024 | $67.4 | $54.5 | -19% |
| 2025 | $54.5 | $65.5 | +20% |
| 2026 YTD | $65.5 | $89.6 | +37% |
TTE has finished higher in four of the last six years. It's up 37% so far in 2026.