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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 $23.7B
LTM EBITDA $3.7B
$65.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thales has a last 12-month revenue (LTM) of $23.7B and a last 12-month EBITDA of $3.7B.
In the most recent fiscal year, Thales achieved revenue of $23.1B and an EBITDA of $3.0B.
Thales expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thales valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $23.7B | XXX | $23.1B | XXX | XXX | XXX |
| Gross Profit | $7.2B | XXX | $6.0B | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $3.7B | XXX | $3.0B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 13% | XXX | XXX | XXX |
| EBIT | $2.9B | XXX | $2.0B | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1.7B | XXX | $1.6B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Thales's stock price is EUR 267 (or $300).
Thales has current market cap of EUR 54.8B (or $61.6B), and EV of EUR 57.9B (or $65.0B).
See Thales trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $65.0B | $61.6B | XXX | XXX | XXX | XXX | $8.97 |
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Start Free TrialAs of May 30, 2025, Thales has market cap of $61.6B and EV of $65.0B.
Thales's trades at 2.8x EV/Revenue multiple, and 21.7x EV/EBITDA.
Equity research analysts estimate Thales's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thales has a P/E ratio of 35.8x.
See valuation multiples for Thales and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $61.6B | XXX | $61.6B | XXX | XXX | XXX |
| EV (current) | $65.0B | XXX | $65.0B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 17.4x | XXX | 21.7x | XXX | XXX | XXX |
| EV/EBIT | 22.2x | XXX | 31.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 35.8x | XXX | 38.6x | XXX | XXX | XXX |
| EV/FCF | 30.0x | XXX | 27.3x | 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.
Start Free TrialThales's last 12 month revenue growth is 7%
Thales's revenue per employee in the last FY averaged $24.6M, while opex per employee averaged $4.3M for the same period.
Thales's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thales's rule of X is 33% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Thales and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | 20% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $24.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $4.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $61.6B |
| What is the current revenue of Thales? | Thales's last 12 months revenue is $23.7B. |
| What is the current revenue growth of Thales? | Thales revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Thales? | Current revenue multiple of Thales is 2.7x. |
| Is Thales profitable? | Yes, Thales is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thales? | Thales's last 12 months EBITDA is $3.7B. |
| What is Thales's EBITDA margin? | Thales's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Thales? | Current EBITDA multiple of Thales is 17.4x. |
| What is the current FCF of Thales? | Thales's last 12 months FCF is $2.2B. |
| What is Thales's FCF margin? | Thales's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Thales? | Current FCF multiple of Thales is 30.0x. |
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