TAV Havalimanlari Holding Past Earnings Performance

Past criteria checks 2/6

TAV Havalimanlari Holding has been growing earnings at an average annual rate of 61.4%, while the Infrastructure industry saw earnings growing at 14.6% annually. Revenues have been growing at an average rate of 31.3% per year. TAV Havalimanlari Holding's return on equity is 7.5%, and it has net margins of 7%.

Key information

61.4%

Earnings growth rate

61.3%

EPS growth rate

Infrastructure Industry Growth	22.8%
Revenue growth rate	31.3%
Return on equity	7.5%
Net Margin	7.0%
Last Earnings Update	31 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How TAV Havalimanlari Holding makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:TAVH.F Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 25	1,498	106	295
31 Dec 24	1,616	179	330
30 Sep 24	1,420	231	276
30 Jun 24	1,356	296	265
31 Mar 24	1,166	251	163
31 Dec 23	1,056	231	208
30 Sep 23	1,021	187	193
30 Jun 23	834	56	175
31 Mar 23	1,011	64	208
31 Dec 22	914	96	192
30 Sep 22	1,025	103	88
30 Jun 22	814	50	48
31 Mar 22	635	-8	34
31 Dec 21	522	46	13
30 Sep 21	468	-51	23
30 Jun 21	346	-154	9
31 Mar 21	275	-187	9
31 Dec 20	301	-278	8
30 Sep 20	132	-210	187
30 Jun 20	409	-90	197
31 Mar 20	636	37	141
31 Dec 19	713	70	155
30 Sep 19	747	92	26
30 Jun 19	724	77	25
31 Mar 19	720	71	69
31 Dec 18	697	70	25
30 Sep 18	807	86	58
30 Jun 18	930	123	98
31 Mar 18	1,042	143	137
31 Dec 17	1,139	175	175
30 Sep 17	1,230	182	174
30 Jun 17	1,174	156	170
31 Mar 17	1,133	124	166
31 Dec 16	1,115	127	163
30 Sep 16	1,024	151	156
30 Jun 16	1,026	153	152
31 Mar 16	1,037	194	147
31 Dec 15	1,031	210	143
30 Sep 15	1,005	213	134
30 Jun 15	973	222	139
31 Mar 15	949	229	143
31 Dec 14	937	218	146
30 Sep 14	948	193	156
30 Jun 14	980	165	155

Quality Earnings: TAVH.F has high quality earnings.

Growing Profit Margin: TAVH.F's current net profit margins (7%) are lower than last year (21.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TAVH.F's earnings have grown significantly by 61.4% per year over the past 5 years.

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

Earnings vs Industry: TAVH.F had negative earnings growth (-57.9%) over the past year, making it difficult to compare to the Infrastructure industry average (5.6%).

Return on Equity

High ROE: TAVH.F's Return on Equity (7.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/07 05:49
End of Day Share Price	2025/05/07 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

TAV Havalimanlari Holding A.S. is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Ata Invest
Kenan Cosguner	BNP Paribas Securities (Asia)
Julius Nickelsen	BofA Global Research