profit from every €100 of sales.
€0€100
Thales
€227.10-0.13% today
-0.8% since Dec 23, 25
1-year low €215.701-year high €271.90
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay €27.88 for every €1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Thales sold, what it kept, and what it did with the cash.
Sales went from €17.6 billion in 2022 to €22.1 billion in 2025, with €1.67 billion of profit last year.
SalesProfit
Thales handed back 32% of the cash it generated last year.
€781M
Free cash flow 2025€2.6B
Bought back its own shares€45M
Paid as dividends€781M
Cash vs. debt€4.4B vs. €6.1B
Thales vs. similar companies
Thales grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| Thales | 27.9× · Fair price | ||
 SpaceX | No profit yet | ||
 GE Aerospace | 39.4× · Expensive | ||
 RTX | 39.8× · Expensive | ||
 Airbus | 31.2× · Expensive |
Compare Thales with Cintas
AI analysis
An AI analyst reads Thales's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 17,569 | 18,428 | 20,577 | 22,136 | |
| 4,455 | 4,766 | 5,374 | 5,853 | |
| 1,443 | 1,654 | 1,817 | 2,219 | |
| 2,510 | 2,456 | 2,672 | 3,412 | |
| 1,121 | 1,023 | 1,420 | 1,675 | |
| 5.28 | 4.89 | 6.89 | 8.13 | |
| 25.4% | 25.9% | 26.1% | 26.4% | |
| 8.2% | 9.0% | 8.8% | 10.0% | |
| 6.4% | 5.6% | 6.9% | 7.6% |
Balance sheet
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 34,421 | 38,786 | 39,990 | 39,155 |
| Cash | 5,100 | 3,980 | 4,767 | 4,447 |
| Total debt | 5,471 | 8,434 | 7,823 | 6,130 |
| Total liabilities | 27,039 | 31,817 | 32,432 | 31,168 |
| 7,174 | 6,830 | 7,515 | 7,968 | |
| 212 | 209 | 206 | 206 | |
| 8.6% | 6.9% | 7.4% | 12.4% | |
| 15.6% | 15.0% | 18.9% | 21.0% |
Cash flow
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,025 | 1,511 | 2,638 | 3,322 | |
| 535 | 626 | 623 | 757 | |
| 2,491 | 886 | 2,015 | 2,565 | |
| Dividends paid | 563 | 634 | 708 | 781 |
| 351 | 491 | 275 | 45 | |
| – | – | – | – |
Valuation
- 27.9×
- –
- 1.80
- 5.7×
- 2.1×
- 18.2×
- 14.2×
- 5.5%
- 3.6%
- 1.7%
Profitability
- 26.4%
- 10.0%
- 7.6%
- –
- 12.4%
- 8.8%
- –
- –
- –
- –
Growth
- +8.0%
- +15.5%
- –
- –
- −1.0%
Financial health
- 0.5×
- 0.77
- –
- 8.1×
- 0.84
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 25%of 978
Top 43%of 985
Bottom 35%of 866
Top 43%of 984
Top 34%of 987
1.7%of the share price, paid each year
On $1,000 invested$17a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
46.6% of its profit
Room to growStretchedMore than it earns: 30.4%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
53No pass
Benjamin Graham
39No pass
Philip Fisher
54No pass
Peter Lynch
50No pass
Joel Greenblatt
26No pass
Charlie Munger
42No pass
Terry Smith
42No pass
Questions about Thales
Is Thales a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Thales AI analysis
What does Thales do?
Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide. It is in Aerospace & Defense, based in Meudon, France, with 79,263 employees.
Does Thales pay a dividend?
Yes. At today's price the dividend is 1.7% a year, about 47% of its yearly profit. In 2025 it paid out €781 million in dividends.
Is Thales stock halal?
Questionable. Thales sits in a grey zone: scholars disagree about its industry. How we check
Who are Thales's competitors?
The largest listed companies in the same industry are SpaceX, GE Aerospace, RTX and Airbus. The peers table on this page compares their profit, growth and price with Thales's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.