Financials in USD. Standardized financial statements.
A compact view of how Thai Airways International Public Company Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $183.29B | $187.25B | $157.45B | $103.87B | $21.57B | $47.72B | $180.28B | $195.97B | $189.86B | $178.31B |
| Revenue Growth? | -2.1% | +18.9% | +51.6% | +381.5% | -54.8% | -73.5% | -8.0% | +3.2% | +6.5% | 0.0% |
| Cost of Revenue? | $129.94B | $128.12B | $107.78B | $87.35B | $35.37B | $79.12B | $173.37B | $182.01B | $162.96B | $154.06B |
| Gross Profit? | $53.35B | $59.13B | $49.66B | $16.52B | -$13.80B | -$31.40B | $6.91B | $13.96B | $26.89B | $24.26B |
| Gross Margin? | +29.1% | +31.6% | +31.5% | +15.9% | -64.0% | -65.8% | +3.8% | +7.1% | +14.2% | +13.6% |
| Operating Expenses? | $10.12B | $66.92B | $7.21B | $9.63B | $5.06B | $7.49B | $21.13B | $21.61B | $22.01B | $19.17B |
| Operating Income? | $43.23B | -$7.79B | $42.45B | $11.12B | $61.78B | -$121.90B | -$10.57B | -$6.17B | $6.65B | $6.60B |
| EBITDA? | $57.21B | $5.28B | $53.80B | $20.88B | $74.37B | -$100.20B | $10.73B | $11.98B | $23.67B | $24.59B |
| Income Before Tax | $28.44B | -$26.53B | $26.80B | -$1.69B | $52.33B | -$140.10B | -$11.03B | -$11.61B | -$2.89B | -$1.42B |
| Income Tax Expense | -$2.47B | $374.50M | -$1.32B | -$1.43B | -$2.78B | $1.08B | $981.87M | -$36.73M | -$822.90M | -$1.46B |
| Net Income? | $30.89B | -$26.93B | $28.10B | -$272.25M | $55.12B | -$141.17B | -$12.04B | -$11.63B | -$2.11B | $15.14M |
| EPS? | $1.09 | $-6.26 | $12.87 | $-0.12 | $25.25 | $-64.67 | $-5.52 | $-5.33 | $-0.97 | $0.01 |
| Diluted EPS? | $1.09 | $-6.26 | $12.87 | $-0.12 | $25.25 | $-64.67 | $-5.52 | $-5.33 | $-0.97 | $0.01 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality