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← CockpitCompetitor Analysis › YRM.MI Rosetti Marino S.p.A.Open in the cockpit ↗

Rosetti Marino S.p.A.YRM.MICompetitor analysis, valuation and peers

Italy · EUR·Industrials›Engineering & Construction

Italian engineering company that builds offshore platforms, modules and vessels for the oil & gas and offshore wind industries.

≈ An Italian niche offshore-fabrication yard, no direct large-cap US analogueMomentum weak 34
Mkt cap
$1.01B
US dollars, full cap
Free float
0%
of shares outstanding
$/day
$0
20-day average traded
Fwd P/E
27.6×
forward earnings
ROIC−WACC
+17.1 pp
WACC 6.8%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · EUR€236.00
1D0.0%
1W0.0%
1M0.0%
3M-5.6%
6M-9.2%
YTD-14.5%
1Y-36.2%
ATR %0.2%
52w lowhigh40.7% off high

What Rosetti Marino does

Italian engineering company that builds offshore platforms, modules and vessels for the oil & gas and offshore wind industries.

Wins construction contracts for offshore platforms and modules, books revenue as work advances and delivers to energy clients, so earnings follow the order book and project execution. The company builds at a yard in Ravenna with direct sea access.

In one line: An Italian niche offshore-fabrication yard, no direct large-cap US analogue.

Products and services

  • Offshore oil & gas platforms/modules
  • Offshore wind structures
  • Shipbuilding/vessel construction

Customers

  • Oil & gas companies (offshore projects)
  • Offshore wind developers

Where it sits in the supply chain

  • Industrials
  • Offshore engineering & fabrication
  • Offshore platform/module construction…

What could go right

  • Offshore wind project pipeline growth
  • Oil & gas offshore capex recovery

What could go wrong

  • Energy capex cyclicality
  • Project execution/cost risk

Moat: narrow (process know-how, installed base, customer qualification). Specialized offshore fabrication expertise and shipyard assets in the Adriatic, but a project-based business tied to energy capex cycles.

Headquarters: Ravenna, Italy · Founded: 1925 · Employees: 1,512

Named competitors

Rosetti Marino at a glance

Size Rosetti Marino (YRM.MI) is an Italy Industrials company (Engineering & Construction) with a market value of $1.01B, the 84th largest of 123 Italy companies the cockpit tracks. Shares closed at €236.00 on 6 Nov 2026.

Performance Over six months the shares fell 9.2%, against -23.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 13.8% over the last twelve months (peer median +1.5%); the operating margin is 7.3% (peer median 7.1%).

Valuation It trades at 27.6× forward earnings against a peer median of 15.6× (7th most expensive of 19).

Capital Return on invested capital runs 17.1 points above its cost of capital (6.8% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026YRM.MI 91Peer median 75
Six months, rebased to 100: Rosetti Marino against the median of its 20 peers (local-currency closes).

Rosetti Marino financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€779M€698M€584M€356M€317M
Revenue growth—+20%+64%+12%—
Gross profit€102M€99.7M€92.5M€42.2M€38.1M
EBITDA€60.5M€58.7M€50.4M€9.04M€20.3M
Net income€37.3M€36.9M€29.8M€7.04M€4.64M
Free cash flow-€57.1M-€30.4M€120Mn/a-€27.2M
Capital expenditure€10.9M€6.79M€3.31M€61,000€1.83M
Total debtn/a€82.1M€56.3M€66.6M€91.3M

Quarterly statements and history in the cockpit →

Rosetti Marino competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%0%SLC19460021400030131934603163WELENT60516770046379601226300284FUR18850028116005026366IRCONKECYITYRM.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Rosetti Marino is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×25×50×75×SLC19460021400030131934603163WELENT6051677004637960122630028418856005026366IRCONYITYRM.MIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rosetti Marino is the large dot.

Rosetti Marino competitors and peer comparison

Head to head with its named competitors (YRM.MI vs SPM.MI vs FCT.MI)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Rosetti Marino YRM.MI$1.01B-9%+14%7%27.6×n/a
Saipem SPM.MI$9.38B-9%+2%4%27.1×6.9%
Fincantieri FCT.MI$4.98B+3%-1%0%21.5×1.2%

How Rosetti Marino compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rosetti Marino against its 20 peers (data as of 6 Nov 2026)
MeasureYRM.MIPeer medianRank in peer set
1-month return0.0%-6.1%6th highest of 21
6-month return-9.2%-23.7%7th highest of 21
Distance from 52-week high-40.7%-34.2%8th lowest of 21
Revenue growth (TTM)+13.8%+1.5%5th highest of 21
Operating margin7.3%7.1%10th highest of 21
Forward P/E27.6×15.6×7th most expensive of 19
ROIC minus cost of capital+17.1 pp-1.5 pp3rd highest of 20
EV / EBITDA14.5×9.1×2nd most expensive of 10
Net debt / EBITDA-0.5×0.9×4th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Rosetti Marino YRM.MIItaly$1.01B-9%+14%7%27.6×n/an/a
Superloop SLC.AXAustralia$1.01B-19%+22%5%30.8×28.0%+47.3%
Toenec 1946.TJapan$1.01B-32%+2%8%7.9×-2.3%+4.8%
East China Engineering Science and Technology 002140.SZChina$1,000M-24%+9%7%11.6×0.3%+13.9%
Guangzhou Metro Design & Research Institute 003013.SZChina$1.01B+9%-8%15%21.1×n/an/a
Yurtec 1934.TJapan$998M-8%-2%8%11.0×-6.2%+5.1%
Acter Technology Integration 603163.SSChina$997M-32%+1%11%28.4×18.6%+22.2%
Welspun Enterprises WELENT.NSIndia$995M+29%+1%19%22.3×n/an/a
Jiangsu Libert 605167.SSChina$1.02B-24%-29%8%28.6×n/an/a
Kanadevia 7004.TJapan$979M-23%+8%2%6.3×n/an/a
RAIZNEXT 6379.TJapan$972M+29%+13%8%15.8×-0.9%+3.6%
HuaDian Heavy Industries 601226.SSChina$1.04B-32%+18%2%29.5×18.2%+3.2%
JSTI 300284.SZChina$963M-25%-4%1%39.1×10.5%-5.4%
Fugro FUR.ASNetherlands$1.06B-29%-11%3%n/an/an/a
Toa Corporation (Construction) 1885.TJapan$1.06B-29%+2%7%9.1×-12.2%+13.6%
Shenzhen Cheng Chung Design 002811.SZChina$949M+48%+28%13%n/a9.1%-6.2%
Anhui Construction Engineering 600502.SSChina$1.07B-23%-4%6%4.6×n/an/a
Chiyoda 6366.TJapan$1.07B-35%+16%17%6.7×n/an/a
IRCON International IRCON.NSIndia$1.08B-33%-3%7%15.4×n/an/a
KEC International KEC.NSIndia$939M-46%-2%5%13.3×n/an/a
YIT YIT.HEFinland$938M+45%+10%3%75.2×12.8%-10.6%

Questions

Who are Rosetti Marino's main competitors?
Named competitors: Saipem (SPM.MI), Fincantieri (FCT.MI). The cockpit's measured peer set (industry) also includes Superloop (SLC.AX), Toenec (1946.T), East China Engineering Science and Technology (002140.SZ), Guangzhou Metro Design & Research Institute (003013.SZ), Yurtec (1934.T), Acter Technology Integration (603163.SS).
Is Rosetti Marino expensive compared with its peers?
On forward p/e it trades at 27.6× against a peer median of 15.6×, 7th most expensive of 19 in its peer set.
How has Rosetti Marino stock performed?
Over six months to 6 Nov 2026 the shares returned -9.2% against -23.7% for the median peer; over one year -36.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.