Thales SA
PAR:HO

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Thales SA Logo
Thales SA
PAR:HO
Watchlist
Price: 227.8 EUR -2.19% Market Closed
Market Cap: 46.9B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+33%
5Y
+19%
10Y
+57%
Operating Income
+
3Y
+54%
5Y
+103%
10Y
+95%
Net Income
+
3Y
-13%
5Y
+69%
10Y
+100%

Earnings Waterfall
Thales SA

Revenue
21.3B EUR
Cost of Revenue
-15.8B EUR
Gross Profit
5.6B EUR
Operating Expenses
-3.6B EUR
Operating Income
2B EUR
Other Expenses
-906.4m EUR
Net Income
1.1B EUR

Income Statement
Thales SA

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Income Statement
Currency: EUR
Dec-2001 Jun-2002 Dec-2002 Jun-2003 Dec-2003 Jun-2004 Dec-2004 Jun-2005 Dec-2005 Jun-2006 Dec-2006 Jun-2007 Dec-2007 Jun-2008 Dec-2008 Jun-2009 Dec-2009 Jun-2010 Dec-2010 Jun-2011 Dec-2011 Jun-2012 Dec-2012 Jun-2013 Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
284
0
203
0
186
61
124
122
121
112
90
100
106
98
101
103
92
85
81
85
83
69
60
46
26
21
22
19
16
13
36
12
24
21
25
41
52
71
53
57
48
53
64
106
142
237
271
234
Revenue
10 268
N/A
10 918
+6%
11 105
+2%
10 682
-4%
10 569
-1%
10 586
+0%
10 283
-3%
10 465
+2%
10 263
-2%
10 276
+0%
10 264
0%
11 078
+8%
12 296
+11%
12 380
+1%
12 665
+2%
12 740
+1%
12 882
+1%
13 093
+2%
13 125
+0%
13 137
+0%
13 028
-1%
13 473
+3%
14 158
+5%
13 477
-5%
12 698
-6%
12 661
0%
12 974
+2%
13 626
+5%
14 063
+3%
14 562
+4%
14 885
+2%
15 158
+2%
15 228
+0%
15 561
+2%
15 855
+2%
16 592
+5%
18 401
+11%
17 962
-2%
15 371
-14%
15 289
-1%
16 192
+6%
16 025
-1%
17 569
+10%
18 028
+3%
18 428
+2%
19 205
+4%
20 577
+7%
21 349
+4%
Gross Profit
Cost of Revenue
(7 834)
(8 407)
(8 728)
(8 392)
(8 203)
(8 210)
(7 939)
(8 141)
(7 900)
(7 846)
(7 884)
(8 540)
(9 561)
(9 672)
(9 965)
(10 237)
(10 633)
(10 647)
(11 029)
(10 908)
(10 067)
(10 441)
(10 868)
(10 303)
(9 685)
(9 587)
(9 792)
(10 342)
(10 688)
(11 073)
(11 275)
(11 481)
(11 517)
(11 629)
(11 768)
(12 321)
(13 877)
(13 950)
(11 791)
(11 440)
(12 159)
(11 992)
(13 113)
(13 328)
(13 662)
(14 209)
(15 203)
(15 774)
Gross Profit
2 434
N/A
2 511
+3%
2 378
-5%
2 290
-4%
2 367
+3%
2 376
+0%
2 344
-1%
2 325
-1%
2 363
+2%
2 430
+3%
2 381
-2%
2 538
+7%
2 735
+8%
2 708
-1%
2 700
0%
2 503
-7%
2 248
-10%
2 447
+9%
2 096
-14%
2 230
+6%
2 961
+33%
3 032
+2%
3 290
+9%
3 174
-4%
3 012
-5%
3 074
+2%
3 182
+4%
3 283
+3%
3 375
+3%
3 489
+3%
3 610
+3%
3 676
+2%
3 711
+1%
3 933
+6%
4 087
+4%
4 271
+5%
4 524
+6%
4 013
-11%
3 580
-11%
3 848
+8%
4 033
+5%
4 033
0%
4 455
+10%
4 700
+5%
4 766
+1%
4 996
+5%
5 374
+8%
5 575
+4%
Operating Income
Operating Expenses
(2 512)
(2 556)
(1 977)
(1 891)
(1 847)
(1 769)
(1 647)
(1 632)
(1 726)
(1 773)
(1 626)
(1 767)
(1 973)
(1 954)
(1 915)
(1 981)
(2 080)
(2 130)
(2 139)
(2 138)
(2 122)
(2 215)
(2 357)
(2 234)
(2 074)
(2 090)
(2 179)
(2 271)
(2 316)
(2 364)
(2 412)
(2 475)
(2 534)
(2 584)
(2 636)
(2 908)
(3 118)
(3 042)
(2 681)
(2 539)
(2 798)
(2 756)
(3 013)
(3 105)
(3 113)
(3 314)
(3 557)
(3 603)
Selling, General & Administrative
(1 356)
(1 406)
(1 351)
(1 292)
(1 288)
(1 294)
(1 276)
(1 286)
(1 275)
(1 320)
(1 265)
(1 306)
(1 401)
(1 382)
(1 365)
(1 394)
(1 445)
(1 477)
(1 445)
(1 432)
(1 433)
(1 493)
(1 558)
(1 493)
(1 400)
(1 405)
(1 434)
(1 476)
(1 513)
(1 557)
(1 569)
(1 581)
(1 619)
(1 628)
(1 652)
(1 777)
(2 020)
(1 928)
(1 738)
(1 623)
(1 771)
(1 746)
(1 949)
(2 015)
(2 005)
(2 120)
(2 283)
(2 301)
Research & Development
(432)
(437)
(430)
(404)
(381)
(379)
(368)
(343)
(366)
(368)
(361)
(396)
(443)
(457)
(440)
(490)
(551)
(570)
(612)
(630)
(619)
(632)
(687)
(655)
(612)
(627)
(641)
(666)
(692)
(708)
(736)
(772)
(802)
(847)
(881)
(951)
(1 099)
(1 113)
(943)
(916)
(1 027)
(1 010)
(1 064)
(1 090)
(1 108)
(1 194)
(1 274)
(1 302)
Depreciation & Amortization
(709)
(702)
(194)
(192)
(174)
0
0
0
0
0
0
(67)
(128)
(116)
(110)
(97)
(84)
(83)
(82)
(76)
(71)
(90)
(112)
(87)
(62)
(58)
(104)
(130)
(112)
(99)
(107)
(122)
(113)
(110)
(103)
(180)
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
(14)
(12)
(3)
(3)
(4)
(96)
(3)
(3)
(84)
(85)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
(78)
N/A
(45)
+43%
400
N/A
399
0%
520
+30%
608
+17%
697
+15%
693
-1%
638
-8%
657
+3%
755
+15%
771
+2%
762
-1%
754
-1%
785
+4%
522
-34%
168
-68%
317
+89%
(43)
N/A
92
N/A
839
+812%
817
-3%
934
+14%
939
+1%
938
0%
984
+5%
1 003
+2%
1 012
+1%
1 059
+5%
1 125
+6%
1 198
+6%
1 201
+0%
1 177
-2%
1 349
+15%
1 451
+8%
1 363
-6%
1 406
+3%
971
-31%
899
-7%
1 310
+46%
1 235
-6%
1 277
+3%
1 443
+13%
1 595
+11%
1 654
+4%
1 682
+2%
1 817
+8%
1 972
+9%
Pre-Tax Income
Interest Income Expense
(120)
(99)
(94)
(132)
(70)
(91)
(83)
(96)
(93)
(73)
(73)
(77)
(79)
(86)
(102)
(130)
(111)
(84)
(73)
(95)
(58)
(25)
56
116
84
305
184
(34)
129
191
226
169
38
61
78
267
243
(44)
(23)
(21)
20
70
35
35
197
130
(49)
(45)
Non-Reccuring Items
(218)
(230)
(147)
(190)
(198)
(145)
(127)
(110)
(88)
(125)
(179)
145
258
(22)
(66)
(109)
(377)
(393)
(162)
(178)
(113)
(81)
(118)
(120)
(118)
(123)
(95)
(90)
(91)
(78)
(97)
(117)
(182)
(171)
(134)
(155)
(118)
(86)
(306)
(323)
(50)
(21)
(109)
(130)
(565)
(577)
(554)
(577)
Gain/Loss on Disposition of Assets
136
120
67
79
9
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(8)
(3)
(29)
(30)
(106)
(62)
(31)
(25)
(34)
(34)
(19)
(6)
65
62
(11)
(65)
(105)
(85)
(105)
(103)
(63)
(77)
(112)
(110)
(92)
(99)
(117)
(90)
(64)
(85)
(56)
(61)
(59)
(60)
(53)
(62)
(84)
(53)
(56)
(28)
(41)
(7)
(22)
(68)
(105)
(75)
(34)
(43)
Pre-Tax Income
(289)
N/A
(257)
+11%
198
N/A
127
-36%
155
+22%
310
+100%
457
+48%
462
+1%
423
-9%
425
+0%
484
+14%
832
+72%
1 006
+21%
708
-30%
606
-14%
218
-64%
(425)
N/A
(245)
+42%
(383)
-56%
(284)
+26%
605
N/A
634
+5%
759
+20%
825
+9%
812
-2%
1 067
+31%
976
-9%
799
-18%
1 033
+29%
1 152
+12%
1 270
+10%
1 192
-6%
974
-18%
1 178
+21%
1 342
+14%
1 414
+5%
1 447
+2%
788
-46%
514
-35%
938
+82%
1 165
+24%
1 320
+13%
1 347
+2%
1 432
+6%
1 181
-18%
1 160
-2%
1 180
+2%
1 308
+11%
Net Income
Tax Provision
(73)
(29)
(83)
(59)
(30)
(59)
(127)
(143)
(87)
(77)
(100)
(132)
(158)
(131)
(103)
17
175
127
221
167
(147)
(150)
(197)
(209)
(204)
(210)
(214)
(223)
(220)
(212)
(256)
(265)
(237)
(288)
(314)
(296)
(301)
(159)
(65)
(162)
(148)
(307)
(225)
(245)
(252)
(251)
(247)
(328)
Income from Continuing Operations
(362)
(286)
114
68
125
251
331
320
335
347
383
701
848
576
503
235
(250)
(119)
(162)
(118)
458
484
562
616
609
857
762
576
813
940
1 015
927
737
890
1 028
1 117
1 146
630
450
776
1 017
1 013
1 122
1 187
929
909
932
980
Income to Minority Interest
(4)
(6)
(3)
(8)
(12)
(14)
(15)
(10)
(9)
(10)
(3)
1
(1)
(0)
(1)
(1)
(0)
(0)
0
1
0
0
(0)
(16)
(35)
(41)
(48)
(42)
(48)
(57)
(68)
(65)
(58)
(53)
(46)
(36)
(25)
1
(9)
(48)
(46)
(19)
(10)
(9)
21
44
75
66
Equity Earnings Affiliates
0
0
0
0
0
9
10
10
8
4
8
19
41
51
58
57
48
49
55
49
53
45
24
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(366)
N/A
(292)
+20%
111
N/A
60
-46%
112
+89%
246
+119%
326
+32%
319
-2%
334
+5%
342
+2%
388
+13%
720
+86%
887
+23%
627
-29%
560
-11%
291
-48%
(202)
N/A
(70)
+65%
(108)
-53%
(68)
+37%
512
N/A
528
+3%
586
+11%
613
+5%
573
-6%
817
+42%
714
-13%
534
-25%
765
+43%
883
+15%
946
+7%
862
-9%
680
-21%
838
+23%
982
+17%
1 082
+10%
1 122
+4%
630
-44%
483
-23%
851
+76%
1 089
+28%
1 222
+12%
1 121
-8%
1 204
+7%
1 023
-15%
1 392
+36%
1 420
+2%
1 066
-25%
EPS (Diluted)
-2.27
N/A
-1.74
+23%
0.7
N/A
0.37
-47%
0.69
+86%
1.43
+107%
1.88
+31%
1.82
-3%
1.87
+3%
1.89
+1%
2.15
+14%
3.67
+71%
4.52
+23%
3.18
-30%
2.85
-10%
1.48
-48%
-1.03
N/A
-0.36
+65%
-0.55
-53%
-0.34
+38%
2.6
N/A
2.67
+3%
2.94
+10%
3.07
+4%
2.84
-7%
3.97
+40%
3.47
-13%
2.58
-26%
3.63
+41%
4.14
+14%
4.44
+7%
4.03
-9%
3.19
-21%
3.92
+23%
4.6
+17%
5.07
+10%
5.26
+4%
2.96
-44%
2.27
-23%
3.99
+76%
5.1
+28%
5.73
+12%
5.27
-8%
5.73
+9%
4.89
-15%
6.74
+38%
6.89
+2%
5.17
-25%

See Also

Summary
HO intrinsic value, competitors valuation, and company profile.
DCF Valuation
HO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HO stock valuation using valuation multiples.
Wall Street Estimates
HO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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