Thales SA

Thales SA

225.50
EUR
-3.80
(-1.66%)
45.94BMarket Cap
Mar 09Next Earn
2013 Y
2014 Y
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
63.18
63.36
67.58
70.59
71.68
74.63
86.59
72.26
76.07
82.94
88.38
100.12
107.73
- -
Basic EPS, GAAP
2.85
3.49
3.68
4.49
3.2
4.62
5.28
2.27
5.12
5.29
4.91
6.91
8.15
- -
Free Cash Flow per Basic Share
1.92
1.97
4.78
4.07
6
3.29
5.96
3.65
10.6
11.76
4.25
9.8
12.48
- -
Dividend per Share
0.9
1.19
1.12
1.41
1.64
1.8
2.18
0.4
1.96
2.66
3.04
3.45
3.8
- -
Book Value per Share
18.93
18.36
22.11
20.76
23.21
26.83
25.61
24.16
30.41
34.14
33.05
36.6
38.78
38.97
Tangible Book Value per Share
1.95
-1.83
2.7
0.01
2.79
6.99
-15.71
-14.92
-3.16
0.66
-16.44
-19.08
-12.45
-12.31
Basic Weighted Avg Shares
201
205
208
211
212
212
213
213
213
212
209
206
205
205
Sales/Revenue/Turnover
12,698
12,974
14,063
14,885
15,228
15,855
18,401
15,371
16,192
17,569
18,428
20,577
22,136
- -
Operating Margin (%)
7.39
7.73
7.53
8.05
7.73
9.15
7.64
5.85
7.63
8.21
8.97
8.83
10.02
- -
Depreciation Expense
367
450
493
492
504
485
1,113
1,126
1,063
1,059
1,045
1,155
1,087
- -
Net Income, GAAP
573
714
765
946
680
982
1,122
483
1,089
1,121
1,023
1,420
1,675
- -
Effective Tax Rate (%)
25.06
21.96
21.3
20.12
24.3
23.41
20.79
12.55
12.68
16.71
21.36
20.96
19.47
- -
Profit Margin (%)
4.52
5.51
5.44
6.36
4.46
6.19
6.1
3.14
6.72
6.38
5.55
6.9
7.56
- -
Working Capital
76
-20
-111
397
380
2,357
-1,613
251
1,136
271
-2,567
-4,361
-3,916
-4,530
LT Debt
1,452
1,468
838
1,434
954
2,409
4,306
5,210
4,602
3,991
5,720
4,551
3,999
3,561
Total Equity
4,085
4,081
4,942
4,611
5,139
5,925
5,682
5,339
6,719
7,382
6,969
7,558
7,988
8,018
Return on Invested Capital (%)
10.67
11.01
11.33
13.22
12.24
13.43
9.87
4.91
7.12
7.95
7.82
7.81
10.08
- -
Return on Capital (%)
11.11
13.16
12.81
15.03
10.56
12.84
11.51
4.48
8.71
9.39
8.67
11.44
13.16
- -
Return on Common Equity (%)
15.66
18.72
18.16
20.95
14.6
18.49
20.13
9.13
18.75
16.42
14.62
19.79
21.63
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
3,282
2,130
2,015
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
205
205
205
Market Capitalization
51,158
46,397
45,941

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
21,033
21,322
21,915
Cash, Cash Equivalents & STI
3,887
4,491
5,056
Accounts Receivable, Net
6,742
3,969
6,415
Inventories
5,419
4,964
5,655
Total Current Liabilities
25,542
25,239
26,446
Payables & Accruals
- -
- -
- -
ST Debt
3,282
2,130
2,015
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.42%
8.85%
5.68%
Free Cash Flow
32.36%
58.29%
27.32%
Net Income, GAAP
17.35%
35.23%
17.96%
Sales/Revenue/Turnover
4.98%
7.59%
7.58%
Total Cash Common Dividend
45.31%
91.92%
10.21%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
20,577
2025
- -
- -
22,136
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6.91
2025
- -
- -
8.15
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.45
2025
- -
- -
3.8
2026
- -
- -
- -

Company Description

CEO
Patrice Caine
Full Time Employees
84,958
Sector
Electronic technology
Industry
Aerospace & defense
Address
4 Rue De La Verrerie Paris IF France 92190
IPO Date
Dec 18, 1986
Business
Thales S.A. (Euronext Paris: HO) designs, develops, and manufactures advanced technology solutions for defence, aerospace, cybersecurity, and digital identity markets worldwide. The company offers avionics and in-flight entertainment systems, air traffic management solutions, radars including Ground Master and Search Master series, mission systems, optronics, communication systems, naval and land defence equipment such as frigates, submarines, missiles like STARStreak and MICA-NG, drones, cybersecurity products, digital identity and secure connectivity solutions including eSIMs and payment services, and space systems through joint venture Thales Alenia Space; it operates in over 68 countries across Europe, North America, Asia, the Middle East, Africa, and other regions, with headquarters in Meudon, France, and traces its origins to 1893 as Compagnie Française Thomson-Houston, rebranded as Thales in 2000. In 2024, Thales completed the acquisition of Cobham Aerospace Communications to enhance avionics capabilities and sold its Transport business to Hitachi Rail, streamlining focus on core defence, aerospace, and digital segments; it also forged strategic partnerships including with Arab International Optronics for Egypt's defence supply chain, CEA for post-quantum cybersecurity, and launched cortAIx SG in Singapore to accelerate trusted AI innovation in Asia, while reporting record order intake of €25.3 billion and sales of €20.6 billion.

Company News

  • Thales S.A. (THLLY) Q3 2026 Sales/Trading Call Transcript

  • Thales Boosts Sales Forecasts as Defense, Aerospace Orders Surge

  • French company Thales reports 8% higher 9-month sales led by arms spending

  • Thales S.A. (OTCMKTS:THLLY) Sees Significant Decline in Short Interest

  • Fight AI with AI, Thales CEO tells cybersecurity gathering

  • Thales Unveils a Global Framework to Protect Critical Organisations from Frontier AI Attacks

  • Thales Launches Sentinel Envelope Plus to Protect Software Against AI-Assisted Reverse Engineering

  • Thales Strengthens Data Security Posture Management to Address Emerging Risks of AI

  • Thales and Landis+Gyr Enable Smarter, Remotely Managed Connectivity for Smart Meter Fleets

  • Thales Expands Collaboration with Google Cloud to Help Secure Agentic AI Workflows

  • France's Thales urges international framework on AI development

  • Thales: A Defense Powerhouse Trading At A Deep Discount

  • Thales Launches Imperva for AWS to Help Organizations Protect Applications and APIs

  • Thales signs tender offer deal to buy drone maker Exail

  • Singapore Selects Thales for Next-generation AI-powered Air Traffic Management System Serving One of Asia's Busiest Airspaces

  • Thales to Strengthen Romania's Airspace Protection With Twelve Ground Master 200 MM/A Radars

  • Thales S.A. (THLLY) Q2 2026 Earnings Call Transcript

  • Thales Books Strong Orders as Defense, Aerospace Businesses Keep Growing

  • Thales posts jump in first-half orders on surge in defence spending

  • Defence group Thales announces deal to supply optronics vision systems to Germany