TPS S.p.A.

TPS S.p.A.

MMIL:TPS
7.80
EUR
0.00
(0.00%)
53.58MMarket Cap
Mar 19Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.3
2.34
3.23
3.2
4.81
4.14
5.08
5.07
6.52
7.15
7.04
- -
Basic EPS, GAAP
0.08
0.31
0.36
0.32
0.33
0.21
0.47
0.49
0.47
0.6
0.6
- -
Free Cash Flow per Basic Share
- -
0.16
-0.04
0.48
0.05
0.28
1.28
0.48
0.19
1.25
0.65
- -
Dividend per Share
- -
- -
- -
- -
0.05
- -
0.01
0.08
0.08
0.11
0.11
- -
Book Value per Share
0.14
0.4
1.32
2.36
2.63
2.82
3.27
3.84
4.23
4.72
5.28
5.28
Tangible Book Value per Share
0.12
0.37
0.78
1.77
1.87
2.23
2.73
3.24
3.46
3.83
4.29
4.29
Basic Weighted Avg Shares
6
6
6
7
7
7
7
7
7
7
7
7
Sales/Revenue/Turnover
8
15
19
23
35
30
37
37
47
51
50
- -
Operating Margin (%)
14.54
19.02
16.27
15.15
9.03
5.01
13.29
14.7
13.67
14.32
14.87
- -
Depreciation Expense
- -
- -
1
2
3
3
2
2
2
2
3
- -
Net Income, GAAP
1
2
2
2
2
2
3
4
3
4
4
- -
Effective Tax Rate (%)
43.91
27.67
31.08
27.13
29.43
25.13
29.12
29.86
32.13
28.16
27.96
- -
Profit Margin (%)
6.48
13.09
11.08
9.98
6.85
5.01
9.34
9.73
7.15
8.36
8.55
- -
Working Capital
1
4
7
15
16
19
24
27
29
31
34
34
LT Debt
4
- -
- -
- -
2
2
1
2
3
2
2
2
Total Equity
1
3
8
17
19
21
24
28
31
34
38
38
Return on Invested Capital (%)
- -
38.22
28.6
16.36
9.62
4.51
13.05
12.58
10.81
12.13
11.25
- -
Return on Capital (%)
- -
41.52
30.81
15.78
11.11
6.59
13.37
12.2
10.29
11.98
11.08
- -
Return on Common Equity (%)
- -
113.25
41.15
18.63
13.27
7.62
15.59
13.89
11.5
13.3
12.02
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
2
1
LT Borrowings
2
1
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
52
53
54

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
42
44
45
Cash, Cash Equivalents & STI
19
21
21
Accounts Receivable, Net
20
21
21
Inventories
1
1
- -
Total Current Liabilities
11
12
11
Payables & Accruals
- -
- -
- -
ST Debt
- -
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
49.63%
12.98%
11.73%
Free Cash Flow
- -
147.34%
-47.81%
Net Income, GAAP
40.31%
30.71%
0.47%
Sales/Revenue/Turnover
22.52%
11.31%
-1.66%
Total Cash Common Dividend
- -
- -
-1.33%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
47
2024
- -
- -
51
2025
- -
- -
50

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.47
2024
- -
- -
0.6
2025
- -
- -
0.6

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.08
2024
- -
- -
0.11
2025
- -
- -
0.11

Company Description

CEO
Alessandro Rosso
Full Time Employees
616
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Gallarate Italy
IPO Date
Mar 28, 2017
Business
TPS S.p.A. is an Italy-based operational holding company that provides specialized engineering, technical documentation, avionic systems integration, digital multimedia, and integrated logistics support services. Founded in 1964 and headquartered in Gallarate, Italy, the company operates primarily across the aerospace, defense, automotive, railway, naval, energy, and industrial automation industries. TPS S.p.A. is listed on the Euronext Growth Milan market of Borsa Italiana and is majority-owned by G&D S.r.l. The company organizes its core offerings into systematic service divisions: technical publishing and integrated logistics support, comprising the authoring, updating, and translation of technical maintenance manuals, illustrated parts catalogs, flight operation manuals, wiring diagram manuals, and interactive electronic technical publications adhering to civil and military aviation standards; engineering and design services, encompassing aerostructures design, finite element analysis, computer-aided design and computer-aided manufacturing, mechanical systems engineering, aeronautical certification assistance, cost engineering, value analysis, and reverse engineering for the automotive and aerospace sectors; avionics and information technology solutions, offering embedded avionics software development, system integration and testing, onboard mission equipment engineering, hardware-in-the-loop simulation, and enterprise IT infrastructure management; digital content and multimedia solutions, delivering virtual reality and augmented reality industrial applications, 3D computer graphics, e-learning courseware, computer-based training systems, and corporate communications; and aeronautical mission support, providing airworthiness management, aeronautical consulting, aircraft maintenance technical support, and mission equipment installation. The group serves global original equipment manufacturers, Tier-1 aerospace and defense contractors, armed forces, and automotive manufacturers. It operates specialized technical centers across Italy and maintains international operations in Switzerland, Poland, and Morocco through key group entities including Satiz Technical Publishing & Multimedia S.r.l., Stemar Consulting S.r.l., HB Technology S.r.l., Aviotrace Swiss SA, Aviotrace Morocco, FORE S.r.l., Dead Pixels S.r.l., Air Support International S.r.l., and EMTB S.r.l. In recent operational and strategic developments, TPS S.p.A. completed the strategic acquisition of HB Technology S.r.l., significantly expanding its capabilities in aerostructures assembly, precision manufacturing, and infrastructure services. The company also secured an official partnership and dealership agreement with Garmin to integrate and deploy advanced avionics suites. Operationally, TPS streamlined its corporate structure through the merger and incorporation of its wholly-owned engineering subsidiary I.C.B. S.r.l., while expanding its digital capabilities in extended reality and immersive simulation through Dead Pixels S.r.l. Additionally, the company attained ISO 45001:2023 occupational health and safety management certification and UNI/PdR 125:2022 gender equality certification, reinforcing its governance framework and positioning the group for ongoing organic growth and targeted strategic investments.