Thales
€222.70Change from previous close: −1.15%Absolute change: −€2.60
At a glance
- Revenue growth
- +7.58%
- 2025 vs 2024
- Net income growth
- +17.96%
- 2025 vs 2024
- Net margin
- 7.6%
- 2024: 6.9%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 3,322 | 2,638 | 1,596 | 2,995 | 2,833 |
| Depreciation and amortization | 1,069 | 1,135 | 1,025 | 1,040 | 1,043 |
| Capital expenditure | -687 | -540 | -540 | -470 | -381 |
| Investing cash flow | -910 | -62.8 | -4,233 | -1,171 | -493 |
| Financing cash flow | -2,656 | -2,002 | 1,591 | -1,749 | -2,169 |
| Dividends paid | -781 | -708 | -634 | -563 | -417 |
| Share repurchases | -45.2 | -275 | -491 | -351 | -26.7 |
| Debt issued | 51.1 | 158 | 3,655 | 90.7 | — |
| Debt repaid | -1,879 | -1,155 | -909 | -787 | — |
| Effect of exchange rates | -76.5 | -12.9 | -43.7 | 4.5 | 41.8 |
| Net change in cash | -321 | 560 | -1,089 | 80.0 | 213 |
| Free cash flow | 2,635 | 2,098 | 1,056 | 2,525 | 2,452 |
| Levered free cash flow | 2,077 | 3,472 | 1,744 | 2,386 | 1,606 |