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 | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,172 | 2,514 | 808 | 2,457 | 181 | 1,263 | 334 | 1,922 | 1,073 | 2,110 |
| Depreciation and amortization | 525 | 551 | 527 | 594 | 541 | 543 | 482 | 543 | 497 | 521 |
| Capital expenditure | -307 | -376 | -311 | -269 | -271 | -268 | -272 | -278 | -192 | -197 |
| Investing cash flow | -398 | -423 | -486 | -428 | 365 | -3,437 | -796 | -599 | -571 | -319 |
| Financing cash flow | -1,273 | -1,475 | -1,181 | -1,057 | -946 | 2,046 | -455 | -469 | -1,280 | -556 |
| Dividends paid | -606 | -195 | -586 | -174 | -534 | -166 | -468 | -147 | -416 | -127 |
| Share repurchases | -1.4 | -42.3 | -2.9 | -91.4 | -184 | -275 | -216 | -223 | -127 | -33.3 |
| Debt issued | 96.7 | -66.2 | 117 | -347 | 505 | 2,664 | 991 | 82.0 | 8.7 | 22.3 |
| Debt repaid | -756 | -1,171 | -708 | -434 | -721 | -182 | -727 | -53.6 | -733 | -416 |
| Effect of exchange rates | 50.2 | -6.2 | -70.3 | -8.5 | -4.4 | -11.4 | -32.3 | -31.4 | 35.9 | 14.1 |
| Net change in cash | 551 | 609 | -930 | 964 | -404 | -140 | -950 | 823 | -743 | 1,250 |
| Free cash flow | 1,865 | 2,138 | 497 | 2,188 | -89.7 | 995 | 61.5 | 1,644 | 881 | 1,913 |
| Levered free cash flow | 2,158 | 2,095 | -17.7 | 2,512 | 960 | 1,834 | -90.1 | 1,607 | 779 | 1,225 |