Thales S.A. (HO) - Cash Flow Conversion Efficiency

Latest as of June 2025: 0.113x

Based on the latest financial reports, Thales S.A. (HO) has a cash flow conversion efficiency ratio of 0.113x as of June 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€808.00 Million ≈ $944.64 Million USD) by net assets (€7.17 Billion ≈ $8.38 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see Thales S.A. market cap and net worth for the company's overall valuation and market capitalisation.

Thales S.A. - Cash Flow Conversion Efficiency Trend (2001–2024)

This chart illustrates how Thales S.A.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.

Thales S.A. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Thales S.A. ranked by their cash flow conversion efficiency. Explore Thales S.A. earnings quality ratio to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Deutsche Bank Aktiengesellschaft F:DBK	-0.250x
Edwards Lifesciences Corp NYSE:EW	0.061x
United Microelectronics NYSE:UMC	0.054x
SOFTBANK CORP. ADR F:3AG0	N/A
Franco-Nevada Corporation TO:FNV	0.057x
ASE Industrial Holding Co Ltd ADR NYSE:ASX	-0.457x
Suzhou Dongshan Precision Manufacturing Co Ltd SHE:002384	0.020x
Honeywell Aerospace Inc NASDAQ:HONA	-0.062x

Annual Cash Flow Conversion Efficiency for Thales S.A. (2001–2024)

The table below shows the annual cash flow conversion efficiency of Thales S.A. from 2001 to 2024. View Thales S.A. stock price for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	€7.56 Billion ≈ $8.84 Billion	€2.64 Billion ≈ $3.08 Billion	0.349x	+52.36%
2023-12-31	€6.97 Billion ≈ $8.15 Billion	€1.60 Billion ≈ $1.87 Billion	0.229x	-44.80%
2022-12-31	€7.38 Billion ≈ $8.63 Billion	€3.06 Billion ≈ $3.58 Billion	0.415x	+3.10%
2021-12-31	€6.72 Billion ≈ $7.86 Billion	€2.71 Billion ≈ $3.16 Billion	0.403x	+58.84%
2020-12-31	€5.31 Billion ≈ $6.21 Billion	€1.35 Billion ≈ $1.57 Billion	0.253x	-18.66%
2019-12-31	€5.68 Billion ≈ $6.64 Billion	€1.77 Billion ≈ $2.07 Billion	0.312x	+47.44%
2018-12-31	€5.92 Billion ≈ $6.93 Billion	€1.25 Billion ≈ $1.46 Billion	0.211x	-42.89%
2017-12-31	€5.56 Billion ≈ $6.49 Billion	€2.06 Billion ≈ $2.40 Billion	0.370x	+27.86%
2016-12-31	€4.87 Billion ≈ $5.69 Billion	€1.41 Billion ≈ $1.65 Billion	0.289x	-10.28%
2015-12-31	€4.94 Billion ≈ $5.78 Billion	€1.59 Billion ≈ $1.86 Billion	0.323x	+23.92%
2014-12-31	€4.07 Billion ≈ $4.76 Billion	€1.06 Billion ≈ $1.24 Billion	0.260x	-3.34%
2013-12-31	€3.94 Billion ≈ $4.61 Billion	€1.06 Billion ≈ $1.24 Billion	0.269x	-8.16%
2012-12-31	€4.59 Billion ≈ $5.36 Billion	€1.34 Billion ≈ $1.57 Billion	0.293x	+109.78%
2011-12-31	€4.13 Billion ≈ $4.83 Billion	€577.20 Million ≈ $674.81 Million	0.140x	-1.59%
2010-12-31	€3.68 Billion ≈ $4.30 Billion	€522.80 Million ≈ $611.21 Million	0.142x	-53.84%
2009-12-31	€3.75 Billion ≈ $4.39 Billion	€1.16 Billion ≈ $1.35 Billion	0.308x	+48.14%
2008-12-31	€3.95 Billion ≈ $4.62 Billion	€820.80 Million ≈ $959.60 Million	0.208x	-18.16%
2007-12-31	€3.88 Billion ≈ $4.54 Billion	€984.90 Million ≈ $1.15 Billion	0.254x	-22.74%
2006-12-31	€2.29 Billion ≈ $2.68 Billion	€753.60 Million ≈ $881.04 Million	0.328x	+13.31%
2005-12-31	€2.10 Billion ≈ $2.46 Billion	€609.60 Million ≈ $712.69 Million	0.290x	+29.45%
2004-12-31	€1.60 Billion ≈ $1.87 Billion	€358.60 Million ≈ $419.24 Million	0.224x	-27.63%
2003-12-31	€2.06 Billion ≈ $2.41 Billion	€636.80 Million ≈ $744.49 Million	0.309x	+119.38%
2002-12-31	€2.17 Billion ≈ $2.53 Billion	€305.80 Million ≈ $357.51 Million	0.141x	-54.03%
2001-12-31	€2.17 Billion ≈ $2.54 Billion	€667.00 Million ≈ $779.79 Million	0.307x	--

About Thales S.A.

PA:HO France Aerospace & Defense

Market Cap

$55.64 Billion

€47.59 Billion EUR

Market Cap Rank

#536 Global

#18 in France

Share Price

€231.50

Change (1 day)

-0.90%

52-Week Range

€216.45 - €273.00

All Time High

€273.00