Türk Hava Yollari Anonim Ortakligi

IBSE:THYAO Stock Report

Market Cap: ₺405.7b

Türk Hava Yollari Anonim Ortakligi Past Earnings Performance

Past criteria checks 2/6

Türk Hava Yollari Anonim Ortakligi has been growing earnings at an average annual rate of 50.9%, while the Airlines industry saw earnings growing at 42.7% annually. Revenues have been growing at an average rate of 22.7% per year. Türk Hava Yollari Anonim Ortakligi's return on equity is 16.6%, and it has net margins of 13.8%.

Key information

50.9%

Earnings growth rate

50.9%

EPS growth rate

Airlines Industry Growth0.5%
Revenue growth rate22.7%
Return on equity16.6%
Net Margin13.8%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

author-image

Turkish Airlines' Global Expansion Fuels Growth Amid Geopolitical And Economic Turbulence

Nov 19 Expansion into new international routes like Santiago and Sydney enhances global connectivity and drives revenue growth through underserved market demand.

Revenue & Expenses Breakdown

How Türk Hava Yollari Anonim Ortakligi makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

IBSE:THYAO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2522,7873,1552,4650
31 Dec 2422,6693,4252,3980
30 Sep 2422,1795,9462,3140
30 Jun 2421,8706,3222,2590
31 Mar 2421,3586,0142,2470
31 Dec 2320,9426,0212,2040
30 Sep 2320,5953,2612,0940
30 Jun 2320,3422,8561,9700
31 Mar 2319,7282,7971,8080
31 Dec 2218,4262,7251,6580
30 Sep 2216,9632,4771,5020
30 Jun 2214,3001,6971,3650
31 Mar 2211,9411,0591,2040
31 Dec 2110,6869591,0860
30 Sep 219,1496849960
30 Jun 217,272-1838900
31 Mar 215,997-4487690
31 Dec 206,734-8368780
30 Sep 208,243-4501,0610
30 Jun 2010,7143371,3150
31 Mar 2012,9946901,5980
31 Dec 1913,2297881,6980
30 Sep 1912,9344501,6560
30 Jun 1912,8645091,5980
31 Mar 1912,8606101,5830
31 Dec 1812,8557531,5350
30 Sep 1812,6247151,5390
30 Jun 1812,3016981,5130
31 Mar 1811,7415101,4760
31 Dec 1710,9582231,3890
30 Sep 1710,4336491,3250
30 Jun 179,7571361,3330
31 Mar 179,584-291,3960
31 Dec 169,792-771,4680
30 Sep 1610,030-2711,5540
30 Jun 1610,365161,5270
31 Mar 1610,4914951,4570
31 Dec 1510,5221,0691,4060
30 Sep 1510,5849991,3940
30 Jun 1510,6371,1631,3840
31 Mar 1510,9741,1001,3960
31 Dec 1411,0708451,3910
30 Sep 1412,2927181,5350
30 Jun 1411,1973881,4240

Quality Earnings: THYAO has high quality earnings.

Growing Profit Margin: THYAO's current net profit margins (13.8%) are lower than last year (28.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: THYAO's earnings have grown significantly by 50.9% per year over the past 5 years.

Accelerating Growth: THYAO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: THYAO had negative earnings growth (-47.5%) over the past year, making it difficult to compare to the Airlines industry average (9%).

Return on Equity

High ROE: THYAO's Return on Equity (16.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/11 15:39
End of Day Share Price 2025/05/09 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Türk Hava Yollari Anonim Ortakligi is covered by 33 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ömer ÖmerbasAk Yatirim Menkul Degerler A.S.
null nullAta Invest
Hanzade KilickiranBarclays