Thales (HO.PA)
Thales reported revenue of 22.1B EUR for the year ending 31 December 2025, up 7.6% from 20.6B a year earlier.
Every figure below is the company's own, as filed. Nothing is estimated and
nothing is smoothed — a period the filing does not support is left blank rather than
filled in.
Quarters are the company's own, counted from its financial
year ending 12-31.
Amounts in EUR.
The same series drawn ›
As last reported
The newest period the filing supports for each figure, in EUR.
| Figure | Period | Amount | Year on year |
|---|
| Revenue |
2025 · ending 31 December 2025 |
22.1B |
+7.6% |
| Gross Profit |
2025 · ending 31 December 2025 |
5.9B |
+8.9% |
| Operating Income |
2025 · ending 31 December 2025 |
2.1B |
+63.5% |
| Net Income |
2025 · ending 31 December 2025 |
1.6B |
+22.0% |
| Cost of Revenue |
2025 · ending 31 December 2025 |
16.3B |
+7.1% |
| Operating Cash Flow |
2025 · ending 31 December 2025 |
3.3B |
+25.9% |
| Free Cash Flow |
2025 · ending 31 December 2025 |
2.6B |
+27.3% |
| EPS |
2025 · ending 31 December 2025 |
8.13 |
+18.0% |
Revenue and profit by financial year
As filed, in EUR. A year the filing does not support is not listed.
| Year | Ending |
Revenue | Operating Income | Net Income | Free Cash Flow |
|---|
| 2025 | 2025-12-31 |
22.1B | 2.1B | 1.6B | 2.6B |
|---|
| 2024 | 2024-12-31 |
20.6B | 1.3B | 1.3B | 2B |
|---|
| 2023 | 2023-12-31 |
18.4B | 1.2B | 1B | 970.8M |
|---|
| 2022 | 2022-12-31 |
17.6B | 1.3B | 1.1B | 2.5B |
|---|
| 2021 | 2021-12-31 |
16.2B | 1.2B | 1.1B | 2.3B |
|---|
| 2020 | 2020-12-31 |
15.4B | 643.2M | 491.9M | 776M |
|---|
Every period
Revenue Annual
| Period | Ending | Revenue |
|---|
| FY25 | 2025-12-31 | 22.1B |
|---|
| FY24 | 2024-12-31 | 20.6B |
|---|
| FY23 | 2023-12-31 | 18.4B |
|---|
| FY22 | 2022-12-31 | 17.6B |
|---|
| FY21 | 2021-12-31 | 16.2B |
|---|
Gross Profit Annual
Revenue minus cost of sales. This filer tags no gross profit of its own..
| Period | Ending | Gross Profit |
|---|
| FY25 | 2025-12-31 | 5.9B |
|---|
| FY24 | 2024-12-31 | 5.4B |
|---|
| FY23 | 2023-12-31 | 4.8B |
|---|
| FY22 | 2022-12-31 | 4.5B |
|---|
| FY21 | 2021-12-31 | 4B |
|---|
Operating Income Annual
| Period | Ending | Operating Income |
|---|
| FY25 | 2025-12-31 | 2.1B |
|---|
| FY24 | 2024-12-31 | 1.3B |
|---|
| FY23 | 2023-12-31 | 1.2B |
|---|
| FY22 | 2022-12-31 | 1.3B |
|---|
| FY21 | 2021-12-31 | 1.2B |
|---|
Net Income Annual
| Period | Ending | Net Income |
|---|
| FY25 | 2025-12-31 | 1.6B |
|---|
| FY24 | 2024-12-31 | 1.3B |
|---|
| FY23 | 2023-12-31 | 1B |
|---|
| FY22 | 2022-12-31 | 1.1B |
|---|
| FY21 | 2021-12-31 | 1.1B |
|---|
Cost of Revenue Annual
| Period | Ending | Cost of Revenue |
|---|
| FY25 | 2025-12-31 | 16.3B |
|---|
| FY24 | 2024-12-31 | 15.2B |
|---|
| FY23 | 2023-12-31 | 13.7B |
|---|
| FY22 | 2022-12-31 | 13.1B |
|---|
| FY21 | 2021-12-31 | 12.2B |
|---|
Operating Cash Flow Annual
| Period | Ending | Operating Cash Flow |
|---|
| FY25 | 2025-12-31 | 3.3B |
|---|
| FY24 | 2024-12-31 | 2.6B |
|---|
| FY23 | 2023-12-31 | 1.6B |
|---|
| FY22 | 2022-12-31 | 3B |
|---|
| FY21 | 2021-12-31 | 2.7B |
|---|
Free Cash Flow Annual
Operating cash flow minus capital expenditure.
| Period | Ending | Free Cash Flow |
|---|
| FY25 | 2025-12-31 | 2.6B |
|---|
| FY24 | 2024-12-31 | 2B |
|---|
| FY23 | 2023-12-31 | 970.8M |
|---|
| FY22 | 2022-12-31 | 2.5B |
|---|
| FY21 | 2021-12-31 | 2.3B |
|---|
EPS Annual
The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.
| Period | Ending | EPS |
|---|
| FY25 | 2025-12-31 | 8.13 |
|---|
| FY24 | 2024-12-31 | 6.89 |
|---|
| FY23 | 2023-12-31 | 4.89 |
|---|
| FY22 | 2022-12-31 | 5.28 |
|---|
| FY21 | 2021-12-31 | 5.11 |
|---|