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Thales is a French aerospace and defense industrial and one of Europe’s largest defense contractors with EUR 18 billion in sales. The company has three segments: defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; aerospace sells avionics and satellites to the civil, defense, and governmental markets; and digital identity and security provides biometric, data, and identity security solutions, payments services, and the manufacturing of SIM cards.
1918
938
LTM Revenue $22.5B
LTM EBITDA $3.5B
$59.0B
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Thales has a last 12-month revenue of $22.5B and a last 12-month EBITDA of $3.5B.
In the most recent fiscal year, Thales achieved revenue of $22.1B and an EBITDA of $2.9B.
Thales expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thales valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $19.8B | $22.1B | XXX | XXX | XXX |
| Gross Profit | $4.8B | $5.1B | XXX | XXX | XXX |
| Gross Margin | 24% | 23% | XXX | XXX | XXX |
| EBITDA | $2.6B | $2.9B | XXX | XXX | XXX |
| EBITDA Margin | 13% | 13% | XXX | XXX | XXX |
| Net Profit | $1.2B | $1.1B | XXX | XXX | XXX |
| Net Margin | 6% | 5% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Thales's stock price is EUR 253 (or $271).
Thales has current market cap of EUR 51.9B (or $55.7B), and EV of EUR 54.9B (or $59.0B).
See Thales trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $59.0B | $55.7B | XXX | XXX | XXX | XXX | $8.24 |
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Sign UpAs of April 15, 2025, Thales has market cap of $55.7B and EV of $59.0B.
Thales's trades at 2.6x LTM EV/Revenue multiple, and 16.6x LTM EBITDA.
Analysts estimate Thales's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thales and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $59.0B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 20.5x | XXX | XXX | XXX |
| P/E | 36.5x | XXX | XXX | XXX |
| P/E/Growth | 1.8x | XXX | XXX | XXX |
| EV/FCF | 25.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpThales's NTM/LTM revenue growth is 7%
Thales's revenue per employee for the last fiscal year averaged $23.6M, while opex per employee averaged $4.1M for the same period.
Over next 12 months, Thales's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thales's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thales and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $23.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $4.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 17% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Theon | XXX | XXX | XXX | XXX | XXX | XXX |
| Austal | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| Droneshield | XXX | XXX | XXX | XXX | XXX | XXX |
| Electro Optic Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Thales acquired XXX companies to date.
Last acquisition by Thales was XXXXXXXX, XXXXX XXXXX XXXXXX . Thales acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Thales founded? | Thales was founded in 1918. |
| Where is Thales headquartered? | Thales is headquartered in France. |
| How many employees does Thales have? | As of today, Thales has 938 employees. |
| Who is the CEO of Thales? | Thales's CEO is Mr. Patrice Caine. |
| Is Thales publicy listed? | Yes, Thales is a public company listed on PAR. |
| What is the stock symbol of Thales? | Thales trades under HO ticker. |
| When did Thales go public? | Thales went public in 1989. |
| Who are competitors of Thales? | Similar companies to Thales include e.g. Theon, Austal, Codan, Droneshield. |
| What is the current market cap of Thales? | Thales's current market cap is $55.7B |
| What is the current revenue of Thales? | Thales's last 12-month revenue is $22.5B. |
| What is the current EBITDA of Thales? | Thales's last 12-month EBITDA is $3.5B. |
| What is the current EV/Revenue multiple of Thales? | Current revenue multiple of Thales is 2.6x. |
| What is the current EV/EBITDA multiple of Thales? | Current EBITDA multiple of Thales is 16.6x. |
| What is the current revenue growth of Thales? | Thales revenue growth between 2023 and 2024 was 12%. |
| Is Thales profitable? | Yes, Thales is EBITDA-positive (as of the last 12 months). |
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