Thales (HO.PA) Stock Price

Thales Price

🇫🇷Euronext·CLOSED
236.30EUR
Market closed
Today +/-
Today %

Thales (HO.PA) Stock | ISIN FR0000121329 | WKN 850842. The current Thales stock price is 236.3 EUR (2026). Revenue is 24.31 B EUR. Net income is 2.34 B EUR. The P/E ratio is 20.84. Market capitalization is 48.68 B EUR. Thales operates in the Industry sector.

Thales stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Thales over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Thales stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Thales's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Thales Stock Price History
DateThales Price
Access this data via the Eulerpool API

Thales Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
10.26 B EUR
637.5 M EUR
333.9 M EUR
Jan 1, 2006
10.26 B EUR
754.6 M EUR
388 M EUR
Jan 1, 2007
12.3 B EUR
762 M EUR
887.4 M EUR
Jan 1, 2008
12.66 B EUR
784.9 M EUR
559.9 M EUR
Jan 1, 2009
12.88 B EUR
167.9 M EUR
-201.8 M EUR
Jan 1, 2010
13.12 B EUR
-43.2 M EUR
-107.6 M EUR
Jan 1, 2011
13.03 B EUR
839 M EUR
511.8 M EUR
Jan 1, 2012
14.16 B EUR
933.5 M EUR
585.5 M EUR
Jan 1, 2013
12.7 B EUR
938.1 M EUR
573.4 M EUR
Jan 1, 2014
12.97 B EUR
1 B EUR
714.2 M EUR
Jan 1, 2015
14.06 B EUR
1.06 B EUR
765.1 M EUR
Jan 1, 2016
14.88 B EUR
1.2 B EUR
946.4 M EUR
Jan 1, 2017
15.23 B EUR
1.18 B EUR
679.8 M EUR
Jan 1, 2018
15.85 B EUR
1.45 B EUR
981.8 M EUR
Jan 1, 2019
18.4 B EUR
1.41 B EUR
1.12 B EUR

Thales Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:35 PM
 
REVENUE (M EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M EUR)
NET INCOME (M EUR)
NET INCOME GROWTH (%)
DIV. (EUR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Thales generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Thales retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Thales's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Thales has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Thales's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Thales stock margins

The Thales margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Thales. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Thales.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
23.02 %
6.21 %
3.25 %
Jan 1, 2006
23.19 %
7.35 %
3.78 %
Jan 1, 2007
22.24 %
6.2 %
7.22 %
Jan 1, 2008
21.32 %
6.2 %
4.42 %
Jan 1, 2009
17.45 %
1.3 %
-1.57 %
Jan 1, 2010
15.97 %
-0.33 %
-0.82 %
Jan 1, 2011
22.73 %
6.44 %
3.93 %
Jan 1, 2012
23.24 %
6.59 %
4.14 %
Jan 1, 2013
23.72 %
7.39 %
4.52 %
Jan 1, 2014
24.53 %
7.73 %
5.51 %
Jan 1, 2015
24 %
7.53 %
5.44 %
Jan 1, 2016
24.25 %
8.05 %
6.36 %
Jan 1, 2017
24.37 %
7.73 %
4.46 %
Jan 1, 2018
25.78 %
9.15 %
6.19 %
Jan 1, 2019
24.58 %
7.64 %
6.1 %

Thales Stock Revenue, EBIT, Earnings per Share

The Thales earnings per share therefore indicates how much revenue Thales has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
57.5 EUR
3.57 EUR
1.87 EUR
Jan 1, 2006
56.99 EUR
4.19 EUR
2.15 EUR
Jan 1, 2007
62.63 EUR
3.88 EUR
4.52 EUR
Jan 1, 2008
64.54 EUR
4 EUR
2.85 EUR
Jan 1, 2009
66.04 EUR
0.86 EUR
-1.03 EUR
Jan 1, 2010
66.99 EUR
-0.22 EUR
-0.55 EUR
Jan 1, 2011
66.21 EUR
4.26 EUR
2.6 EUR
Jan 1, 2012
71.04 EUR
4.68 EUR
2.94 EUR
Jan 1, 2013
62.99 EUR
4.65 EUR
2.84 EUR
Jan 1, 2014
63.02 EUR
4.87 EUR
3.47 EUR
Jan 1, 2015
66.67 EUR
5.02 EUR
3.63 EUR
Jan 1, 2016
69.78 EUR
5.62 EUR
4.44 EUR
Jan 1, 2017
71.41 EUR
5.52 EUR
3.19 EUR
Jan 1, 2018
74.32 EUR
6.8 EUR
4.6 EUR
Jan 1, 2019
86.35 EUR
6.6 EUR
5.26 EUR

Thales business model & stock analysis

Thales SA is a French company that was originally founded in 1893 as a manufacturer of measuring instruments. Today, it is one of the leading providers of solutions and products for the defense and aerospace industries, as well as digital security and the transportation sector. Thales' business model is based on customized, innovative solutions that help customers meet their security and mobility needs. Thales offers a wide portfolio of products and services, including air traffic management systems, radar, sonar, and communication systems, as well as cybersecurity solutions and ticketing systems for public transportation. Thales is divided into four business segments: Defense & Security, Aerospace, Transport, and Digital Identity and Security. In the Defense & Security sector, Thales offers various products and services aimed at improving national security and defense. The product range includes communication systems, cybersecurity solutions, air and sea surveillance systems, and control facilities. In the Aerospace division, Thales provides civil and military aviation solutions. The offerings range from commercial avionics systems and flight safety solutions to satellites and unmanned aerial vehicles. The Transport segment includes solutions and systems for public transportation, including ticketing, train control, and signaling systems. Thales is an important partner for cities and transportation companies in ensuring reliable and secure public transportation. In the Digital Identity and Security field, Thales offers solutions for digital security, authentication, and identity management to protect the privacy and security of individuals and organizations. The offered products include digital signatures, encryption, and authentication solutions integrated into cloud computing systems. Over the years, Thales has developed numerous groundbreaking products and technologies, including the TopOwl helmet-mounted display system, which provides pilots with improved visibility in poor weather conditions, and the Sotas system, which offers encryption and secure communication for military forces. Thales has also made a name for itself through its efforts in sustainability and social responsibility. The company is committed to reducing its ecological footprint and driving the development of clean energy technologies. Thales also engages in social projects and supports initiatives to promote education and science. Overall, Thales is a company with a rich history and a strong presence in the defense, aerospace, transportation, and security industries. With its broad portfolio of solutions and products, Thales will continue to play an important role in providing innovative technologies and solutions to meet the needs of its customers.

Thales SWOT Analysis

Strengths

Thales SA is a global leader in providing advanced technology solutions for the aerospace, defense, and transportation industries. The company has a strong portfolio of innovative products and services that cater to the evolving needs of its clients.

Thales SA has a strong reputation for its expertise in critical systems, including communication, navigation, air traffic management, and cybersecurity. This expertise allows the company to deliver reliable and secure solutions for its customers, ensuring operational efficiency and safety.

Weaknesses

Thales SA faces the challenge of operating in highly competitive markets. The company needs to constantly adapt and innovate in order to stay ahead of its competitors and meet the changing demands of its customers.

The company's heavy reliance on government contracts exposes it to risks associated with changes in government policies and budgetary constraints. This dependence on public sector projects can also lead to slower decision-making processes and longer sales cycles.

Opportunities

Thales SA has a significant opportunity to expand its presence in emerging markets, where there is a growing demand for advanced technology solutions. By leveraging its expertise and global network, the company can tap into new customer segments and diversify its revenue streams.

The increasing focus on digital transformation and connectivity presents opportunities for Thales SA to develop and offer innovative solutions in areas such as connected vehicles, smart cities, and digital security. By investing in research and development, the company can position itself as a leader in these emerging fields.

Threats

Thales SA operates in a highly regulated industry, which subjects the company to compliance requirements and potential legal challenges. This can result in increased costs and limitations on its operations.

The global economic uncertainties and geopolitical tensions can impact Thales SA's business. Changes in defense spending, trade policies, and international relationships may have implications for the company's contracts, profitability, and market opportunities.

Thales Eulerpool Fair Value

Thales historical P/E ratio, EBIT multiple, and P/S ratio

Thales annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Thales shares outstanding

The number of shares was Thales in 2025 — This indicates how many shares 206.021 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
178.5 M base_Shares
Jan 1, 2006
180.1 M base_Shares
Jan 1, 2007
196.34 M base_Shares
Jan 1, 2008
196.25 M base_Shares
Jan 1, 2009
195.05 M base_Shares
Jan 1, 2010
195.92 M base_Shares
Jan 1, 2011
196.78 M base_Shares
Jan 1, 2012
199.3 M base_Shares
Jan 1, 2013
201.57 M base_Shares
Jan 1, 2014
205.87 M base_Shares
Jan 1, 2015
210.94 M base_Shares
Jan 1, 2016
213.31 M base_Shares
Jan 1, 2017
213.24 M base_Shares
Jan 1, 2018
213.33 M base_Shares
Jan 1, 2019
213.09 M base_Shares

Thales Dividend History

35 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20253.8EUR 10.1%
May 20, 20252.85EUR 235.3%1/2
Dec 2, 20250.95EUR 66.7%2/2
20243.45EUR 13.5%
20233.04EUR 14.3%
20222.66EUR 35.7%
20211.96EUR 390.0%
20200.4EUR 81.7%
20192.18EUR 21.1%
20181.8EUR 9.1%
20171.65EUR 17.0%
20161.41EUR 24.8%

Thales dividend history and estimates

In 2025, Thales paid a dividend amounting to 3.8 EUR. Dividend means that Thales distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2005
0.8 EUR
0 EUR
Jan 1, 2006
0.83 EUR
0 EUR
Jan 1, 2007
0.87 EUR
0 EUR
Jan 1, 2008
1 EUR
0 EUR
Jan 1, 2009
1.05 EUR
0 EUR
Jan 1, 2010
0.5 EUR
0 EUR
Jan 1, 2011
0.75 EUR
0 EUR
Jan 1, 2012
0.78 EUR
0 EUR
Jan 1, 2013
0.9 EUR
0 EUR
Jan 1, 2014
1.19 EUR
0 EUR
Jan 1, 2015
1.13 EUR
0 EUR
Jan 1, 2016
1.41 EUR
0 EUR
Jan 1, 2017
1.65 EUR
0 EUR
Jan 1, 2018
1.8 EUR
0 EUR
Jan 1, 2019
2.18 EUR
0 EUR

Thales dividend payout ratio

In 2025, Thales had a payout ratio of 42.48%. The payout ratio indicates the percentage of the company's profits that Thales distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
42.78 %
Jan 1, 2006
38.6 %
Jan 1, 2007
19.25 %
Jan 1, 2008
35.09 %
Jan 1, 2009
-101.94 %
Jan 1, 2010
-90.91 %
Jan 1, 2011
28.85 %
Jan 1, 2012
26.53 %
Jan 1, 2013
31.69 %
Jan 1, 2014
34.29 %
Jan 1, 2015
31.13 %
Jan 1, 2016
31.76 %
Jan 1, 2017
51.72 %
Jan 1, 2018
39.13 %
Jan 1, 2019
41.44 %
Price targets and forecasts for Thales are not yet available.

Thales Earnings Estimates

Thales Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
3/6/20244.23EUR9.75 BEUR2023 Q4
7/19/20233.63EUR8.94 BEUR2023 Q2
3/1/20234.07EUR9.23 BEUR2022 Q4
7/21/20223.19EUR8.14 BEUR2022 Q2
3/3/20223.27EUR8.27 BEUR2021 Q4
7/23/20212.7EUR8.45 BEUR2021 Q2
3/4/20213.07EUR9.44 BEUR2020 Q4
7/24/20200.77EUR7.85 BEUR2020 Q2
2/26/20203.84EUR10.25 BEUR2019 Q4
9/4/20192.77EUR8.29 BEUR2019 Q2

EESG©

Eulerpool ESG Scorecard© for the Thales stock

59/100
69
Environment
87
Social
20
Governance
E

Environment

20
Scope 1 - Direct Emissions84,000
Scope 2 - Indirect emissions from purchased energy133,000
Scope 3 - Indirect emissions within the value chain7,581,000
Total CO₂ emissions217,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27.4
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Thales shareholder structure

% Name
26.59375%
Government of France
Government of France
26.57496%
Dassault Family
Dassault Family
3.18332%
Thales SA Employees
Thales SA Employees
1.37892%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.13968%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
1.06318%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
1.04669%
GQG Partners, LLC
GQG Partners, LLC
0.8726%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.85171%
VanEck Asset Management B.V.
VanEck Asset Management B.V.
0.84802%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

Thales Executives and Management Board

PC

Mr. Patrice Caine

(55)

Chairman of the Board, Chief Executive Officer, Member of the Executive Committee · since 2013

Compensation2.17 M EUR
LR

Mr. Loic Rocard

(52)

Non-Executive Independent Director

Compensation81,250 EUR
AT

Ms. Anne-Claire Taittinger

(75)

Non-Executive Independent Director

Compensation80,000 EUR
AH

Ms. Anne-Marie Hunot-Schmit

(60)

Non-Executive Director - Employee Representative

Compensation75,000 EUR
PL

Mr. Philippe Lepinay

(71)

Non-Executive Director Representing Employee Shareholders

Compensation68,750 EUR

Frequently asked questions about Thales

Thales SA operates under a diversified business model focused on providing advanced technology solutions. As a leading global company, Thales specializes in aerospace, defense, and security markets. Their business activities encompass a wide range of industries, including transportation, space, and digital identity and security. Thales offers innovative solutions and services, such as communication systems, cybersecurity, avionics, and transportation systems. By leveraging their expertise in cutting-edge technologies, Thales aims to address complex challenges and deliver tailored solutions for their customers. With a commitment to technological leadership and customer satisfaction, Thales continues to drive innovation and shape industries worldwide.

All fundamentals and in-depth analysis of Thales

Our stock analysis for Thales Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Thales Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.