THLLY (Thales) EBIT: $2,706 Mil (TTM As of Dec. 2025)


THLLY Thales THLLY
90 GF Score
Price $50.92
GF Value $42.40
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Thales EBIT?

Thales THLLY -1.96% 90 EBIT is $2,706 Mil as of Dec. 2025. GuruFocus rates THLLY with a GF Score™ of 90/100 and a GF Value™ of $42.40 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Thales's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $1,679 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $2,706 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thales's annualized ROC % for the quarter that ended in Dec. 2025 was 5.94%. Thales's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 75.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thales's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.99%.


Thales  (OTCPK:THLLY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Thales's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2965.106 * ( 1 - 16.11% )/( (40431.833 + 43285.598)/ 2 )
=2487.4274234/41858.7155
=5.94 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=44852.364 - 9621.799 - ( 4483.16 - max(0, 29460.438 - 24259.17+4483.16))
=40431.833

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=45849.415 - 7149.766 - ( 5258.899 - max(0, 29553.513 - 24967.564+5258.899))
=43285.598

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Thales's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3357.378/( ( (4275.894 + max(-10219.838, 0)) + (4565.808 + max(-12665.457, 0)) )/ 2 )
=3357.378/( ( 4275.894 + 4565.808 )/ 2 )
=3357.378/4420.851
=75.94 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7776.009 + 6250.058 + 1429.643) - (9621.799 + 0 + 16053.749)
=-10219.838

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4647.424 + 5812.881 + 3933.489) - (7149.766 + 0 + 19909.485)
=-12665.457

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Thales's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2705.909/54234.688
=4.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Thales EBIT Related Terms


Thales EBIT Historical Data

* Premium members only.

The historical data trend for Thales's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thales EBIT Chart

Thales Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,407.46 1,537.50 1,538.93 1,588.48 2,721.55

Thales Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 677.75 819.81 791.00 1,027.22 1,678.69

THLLY vs GE, RTX, BA: EBIT Comparison

For the Aerospace & Defense subindustry, Thales's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thales EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Thales's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thales's EV-to-EBIT falls into.


THLLY
90GF Score
Thales THLLY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thales EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,706 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $2,706 Mil mean?
Thales (THLLY) has a EBIT of $2,706 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thales.
Is Thales' EBIT too high?
Thales' current EBIT is $2,706 Mil. Overall, Thales has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thales' EBIT compare to GE and RTX?
Thales' EBIT of $2,706 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thales. Thales's current EBIT is $2,706 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thales stock overvalued right now?
Based on GuruFocus' analysis, Thales (THLLY) is currently considered Modestly Overvalued. The stock's GF Value™ is $42.40, compared to a current price of $50.92 — trading 20.1% above its estimated fair value. The current EBIT is $2,706 Mil. Thales' overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Thales (THLLY), the current EBIT is $2,706 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thales (THLLY) Overvalued in 2026?

Based on GuruFocus' analysis, Thales stock appears to be overvalued. The current stock price of $50.92 is trading 20.1% above its estimated GF Value™ of $42.40. GuruFocus considers Thales to be Modestly Overvalued.

Key valuation signals for THLLY:

  • EBIT: $2,706 Mil
  • GF Value™: $42.40 vs. price of $50.92 (20.1% above fair value)
  • GF Score™: 90/100 with 2 warning signs

No single metric tells the full story. See the THLLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thales Business Description

Address 4, rue de la Verrerie, Meudon, FRA, 92190
Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors. 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.
90GF Score

Get the complete analysis for THLLY

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$50.92
Price
$42.40
GF Value