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Thales stock: key metrics
HO.PAThales had an operating margin of 10% and a return on invested capital (ROIC) of 17.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 23.7% | 5.6% | 3.8% |
| 2007 | 22.2% | 8.3% | 7.2% |
| 2008 | 21.7% | 5.7% | 4.4% |
| 2009 | 17.5% | −1.6% | −1.6% |
| 2010 | 16.0% | −1.6% | −0.8% |
| 2011 | 22.7% | 5.6% | 3.9% |
| 2012 | 23.2% | 5.8% | 4.1% |
| 2013 | 23.6% | 6.4% | 4.0% |
| 2014 | 24.5% | 6.8% | 5.5% |
| 2015 | 24.0% | 6.9% | 5.4% |
| 2016 | 24.3% | 7.4% | 6.4% |
| 2017 | 24.3% | 8.0% | 4.3% |
| 2018 | 25.8% | 8.8% | 6.2% |
| 2019 | 24.6% | 7.0% | 6.1% |
| 2020 | 23.2% | 4.8% | 2.8% |
| 2021 | 24.9% | 7.1% | 6.7% |
| 2022 | 25.4% | 7.7% | 6.4% |
| 2023 | 25.9% | 8.6% | 5.6% |
| 2024 | 26.1% | 8.3% | no data |
| 2025 | 26.4% | 10.0% | 7.6% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 17.0% | 20.8% | 2.6% |
| 2007 | 22.9% | 26.7% | 5.0% |
| 2008 | 14.2% | 15.0% | 3.1% |
| 2009 | −5.4% | −5.5% | −1.1% |
| 2010 | −2.9% | −7.3% | −0.6% |
| 2011 | 12.4% | 25.8% | 2.4% |
| 2012 | 12.8% | 20.9% | 2.7% |
| 2013 | 14.7% | 20.3% | 2.7% |
| 2014 | 18.9% | 23.4% | 3.6% |
| 2015 | 16.5% | 24.6% | 3.5% |
| 2016 | 20.4% | 31.5% | 4.2% |
| 2017 | 12.8% | 37.6% | 2.9% |
| 2018 | 17.2% | 40.0% | 3.8% |
| 2019 | 20.6% | 17.2% | 3.6% |
| 2020 | 9.5% | 8.2% | 1.5% |
| 2021 | 16.8% | 12.9% | 3.3% |
| 2022 | 15.6% | 14.8% | 3.3% |
| 2023 | 15.0% | 13.1% | 2.6% |
| 2024 | no data | 12.2% | no data |
| 2025 | 21.0% | 17.7% | 4.3% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.