Thales S.A. Cash Flow Conversion Efficiency

Latest as of June 2025: 0.113x

Thales S.A. cash flow conversion efficiency. 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 HO market cap overview for the company's overall valuation and market capitalisation.

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

Cash flow conversion efficiency of Thales S.A. from 2001 to 2024. This chart illustrates how Thales S.A.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. View HO share price today for real-time trading data and today's change.

Thales S.A. Cash Flow Conversion Ratio Explained

Thales S.A. cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Review Thales S.A. free cash flow efficiency to assess how much free cash flow the company generates relative to operating cash flow.

Company	Cash Flow Conversion Efficiency
Deutsche Bank Aktiengesellschaft F:DBK	-0.250x
Constellation Software Inc. TO:CSU	0.167x
Edwards Lifesciences Corp NYSE:EW	0.061x
Société Générale Société anonyme F:SGE1	N/A
Eoptolink Technology Inc Ltd SHE:300502	0.151x
ASE Industrial Holding Co Ltd ADR NYSE:ASX	-0.457x
Infosys Limited NSE:INFY	0.109x
Electronic Arts Inc NASDAQ:EA	0.086x

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. Also see Thales S.A. assets under control for a full breakdown of the balance sheet.

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

$55.98 Billion

€47.88 Billion EUR

Market Cap Rank

#532 Global

#18 in France

Share Price

€232.90

Change (1 day)

+2.15%

52-Week Range

€215.70 - €271.90

All Time High

€273.00