Thales S.A.

Research Thales S.A. (HO) on Bullrun: market cap EUR 46.62B, P/E 31.2, dividend yield 1.8%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerHO
ExchangePA
CountryFrance
SectorIndustrials
IndustryAerospace & Defense
CurrencyEUR
Market capEUR 46.62B
P/E31.2
Dividend yield1.8%
Financial periodFY2025
RevenueEUR 22.14B
Revenue growth7.6%
Net incomeEUR 1.67B
Free cash flowEUR 2.57B
Gross margin26.4%

Valuation Snapshot

latest market cap is EUR 46.62B; P/E is 31.2; dividend yield is 1.8%.

Peer valuation comparison

Latest P/E is 31.23x versus a Industrials sector median of 21.2x (47.3% above).

Latest dividend yield is 1.77% versus a Industrials sector median of 2.27% (22.0% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	EUR 22.14B	EUR 1.67B	EUR 2.57B	26.4%	8.13	EUR 4.45B	EUR 6.13B	EUR 7.97B
FY2024	EUR 20.58B	EUR 1.42B	EUR 2.01B	26.1%	6.89	EUR 4.77B	EUR 7.82B	EUR 7.52B
FY2023	EUR 18.43B	EUR 1.02B	EUR 885.80M	25.9%	4.89	EUR 3.98B	EUR 8.43B	EUR 6.83B
FY2022	EUR 17.57B	EUR 1.12B	EUR 2.49B	25.4%	5.28	EUR 5.10B	EUR 5.47B	EUR 7.17B
FY2021	EUR 16.19B	EUR 1.13B	n/a	24.9%	5.11	EUR 5.05B	EUR 5.92B	EUR 6.47B

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-10-05	EUR 46.62B	31.2	1.8%	3.9

Dividend history

Latest trailing dividend snapshot: annual dividend/share 3.9 EUR, yield 1.8%.

Year	Dividends/share
FY2025	3.8 EUR
FY2024	3.45 EUR
FY2023	3.04 EUR
FY2022	2.66 EUR
FY2021	1.96 EUR

About Thales S.A.

Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide. The company offers advance air defence systems, combat systems, defence onboard electronics c4isr solutions, command and control solutions, mission and surveillance systems, airborne optronics, and airspace protection solutions;

ETFs that hold Thales S.A.

Thales S.A. is one of the ten largest holdings of 17 ETFs that investors in Europe can buy. The 8 most traded of them:

ETF	Weight	TER
VanEck Defense ETF A USD Acc	7.07%	0.55%
WisdomTree Europe Defence UCITS ETF - EUR Acc	12.43%	0.40%
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF	6.80%	0.35%
Global X European Infrastructure Development UCITS ETF EUR Accumulating	8.90%	0.47%
AMUNDI STOXX EUROPE DEFENSE	9.55%	0.35%
Global X Defence Tech UCITS ETF USD Accumulating	3.07%	0.50%
iShares Eur Def UCITS ETF EU A	7.80%	0.35%
Invesco Defence Innovation UCITS ETF	1.85%	0.35%

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Frequently asked questions

What is Thales S.A.'s market cap?

Thales S.A.'s market capitalization is EUR 46.62B.

What is Thales S.A.'s P/E ratio?

Thales S.A.'s price-to-earnings (P/E) ratio is 31.2.

Does Thales S.A. pay a dividend?

Thales S.A. has a dividend yield of 1.8%.

What does Thales S.A. do?

Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.