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For the doubly bridged tetracarbonyl, each iron has one terminal carbonyl ligand, two bridging carbonyl ligands and one cyclopentadienyl ligand. Neutral electron counting gives $8+5+2+2=17$ before direct bonding, so a single Fe–Fe bond gives 18 at each iron. For the triply bridged tricarbonyl, each iron instead has $8+5+3=16$ before direct bonding; formal completion to 18 requires a double Fe–Fe bond. Equivalently, the total fragment counts before metal–metal bonding are 34 and 32 respectively.The increased direct bond order explains the substantial contraction. The pentamethylcyclopentadienyl ligands also alter steric and electronic effects, and bridge geometry changes, so this is not a controlled measurement of bond order alone. Nevertheless, the markedly shorter distance in the less carbonyl-saturated dimer is consistent with stronger direct Fe–Fe bonding. The isolated triply bridged compound was characterized structurally and magnetically in the primary work.^[ref]

The dimer has two unpaired electrons and a triplet ground state, $S=1$. Its approximately threefold-symmetric Fe${}_2$(CO)${}_3$ core supplies a pair of degenerate frontier molecular orbitals. The last two electrons occupy separate members with parallel spins, favored by exchange, rather than pairing in one. A useful qualitative picture is a sigma bond plus two perpendicular, singly occupied pi half-bonds: together these support a formal Fe–Fe double bond while retaining paramagnetism. The spin-only magnetic moment for $S=1$ is $\sqrt{8}{\mu }_B\simeq 2.83{\mu }_B$; real moments can include orbital and spin–orbit effects.

The formal 18-electron count does not require every molecular orbital to be doubly occupied. It is therefore compatible with an open-shell dimer. The primary structural/magnetic study establishes this unusual triplet state; an isolated-atom high-spin $d^7$ diagram would not describe the coupled metal–ligand system.^[ref]