Thales S.A.

THLEF

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

22,428

Cost of Revenue

16,571

Gross Profit

5,858

Gross Margin

26.1%

Operating Income

1,852

Operating Margin

8.3%

Net Income

1,547

Net Margin

6.9%

EPS (Basic)

$6.91

EPS (Diluted)

$6.89

EBITDA

2,913

EBITDA Margin

13.0%

2023

12/31/2023

Revenue

20,087

Cost of Revenue

14,892

Gross Profit

5,195

Gross Margin

25.9%

Operating Income

1,703

Operating Margin

8.5%

Net Income

1,116

Net Margin

5.6%

EPS (Basic)

$4.21

EPS (Diluted)

$4.54

EBITDA

2,677

EBITDA Margin

13.3%

2022

12/31/2022

Revenue

19,150

Cost of Revenue

14,294

Gross Profit

4,856

Gross Margin

25.4%

Operating Income

1,636

Operating Margin

8.5%

Net Income

1,221

Net Margin

6.4%

EPS (Basic)

$5.25

EPS (Diluted)

$5.23

EBITDA

2,736

EBITDA Margin

14.3%

2021

12/31/2021

Revenue

17,649

Cost of Revenue

13,253

Gross Profit

4,396

Gross Margin

24.9%

Operating Income

1,412

Operating Margin

8.0%

Net Income

1,187

Net Margin

6.7%

EPS (Basic)

$4.56

EPS (Diluted)

$5.11

EBITDA

2,516

EBITDA Margin

14.3%

2020

12/31/2020

Revenue

16,754

Cost of Revenue

14,229

Gross Profit

3,902

Gross Margin

23.3%

Operating Income

750

Operating Margin

4.5%

Net Income

527

Net Margin

3.1%

EPS (Basic)

$2.27

EPS (Diluted)

$2.27

EBITDA

1,890

EBITDA Margin

11.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	22,428	20,087	19,150	17,649	16,754
Cost of Revenue	16,571	14,892	14,294	13,253	14,229
Gross Profit	5,858	5,195	4,856	4,396	3,902
Gross Margin	26.1%	25.9%	25.4%	24.9%	23.3%
Operating Income	1,852	1,703	1,636	1,412	750
Operating Margin	8.3%	8.5%	8.5%	8.0%	4.5%
Net Income	1,547	1,116	1,221	1,187	527
Net Margin	6.9%	5.6%	6.4%	6.7%	3.1%
EPS (Basic)	$6.91	$4.21	$5.25	$4.56	$2.27
EPS (Diluted)	$6.89	$4.54	$5.23	$5.11	$2.27
EBITDA	2,913	2,677	2,736	2,516	1,890
EBITDA Margin	13.0%	13.3%	14.3%	14.3%	11.3%