CompanyGraph
Thai Airways International Public Company Limited
TAWNF · Thailand
thaiairways.comFinancials as of FY2025
At a glance
- Depends onMidstream position: 6 outgoing, 8 incoming connections
- ScaleMarket cap is $5.25B, above the global median of $1.18B
- FinancialsAltman Z-Score 1.91: grey zone
- Interpretations5 currently firing — 5
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
3.66%
Annual Rate
USD 0.01Paid unknown
Payout Ratio
29.2%Sustainable
Payback Period
0.9 yr
Last Ex-Dividend
Apr 24, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
5.25BUSDvs all stocks (USD)
Trailing P/E
8.78xRevenue (TTM)
5.65BUSDvs all stocks (USD)
Profit Margin
10.89%Beta
0.1700xvs all stocks
52-Week Change
-56.68%vs all stocks
Forward Annual Dividend Yield
3.66%vs all stocks
Market Capitalization
5.25BUSDvs all stocks (USD)
Enterprise Value
217.60MUSDvs all stocks (USD)
Trailing P/E
8.78xPEG Ratio
-0.0993xPrice to Sales (TTM)
0.0280xPrice to Book (MRQ)
2.03xEnterprise to Revenue
0.0380xEnterprise to EBITDA
0.2330xGross Margin
14.66%Profit Margin
10.89%Operating Margin
5.32%Return on Assets (TTM)
5.87%Return on Equity (TTM)
27.59%Revenue (TTM)
5.65BUSDvs all stocks (USD)
Revenue per Share (TTM)
6.67USDUpdated Sep 28, 2026Quarterly Revenue Growth
9.60%Gross Profit (TTM)
1.93BUSDvs all stocks (USD)
Net Income (TTM)
615.79MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
-87.40%Operating Cash Flow (TTM)
816.92MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
295.75MUSDvs all stocks (USD)
Forward Annual Dividend Rate
0.0100USDUpdated Sep 28, 2026Forward Annual Dividend Yield
3.66%vs all stocks
Trailing Annual Dividend Rate
0.2100USDUpdated Sep 28, 2026Payout Ratio
29.17%Minority Interest (Equity)
78.16MTHBFY2025 · Dec 31, 2025Revenue
183.44BTHBFY2025 · Dec 31, 2025Cost of Goods Sold
130.05BTHBFY2025 · Dec 31, 2025Gross Profit
53.39BTHBFY2025 · Dec 31, 2025Operating Income
34.00BTHB1.01B · vs all stocks (USD)
Pre-tax Income
28.47BTHBFY2025 · Dec 31, 2025Income Tax Expense
-2.47BTHBFY2025 · Dec 31, 2025Net Income
30.94BTHBFY2025 · Dec 31, 2025EBIT
41.62BTHBFY2025 · Dec 31, 2025EBITDA (Income Statement)
53.91BTHBFY2025 · Dec 31, 2025Selling, General & Administrative
10.13BTHBFY2025 · Dec 31, 2025Other Operating Expenses
9.27BTHBFY2025 · Dec 31, 2025Non-operating Interest Income
4.46BTHBFY2025 · Dec 31, 2025Non-operating Interest Expense
13.15BTHBFY2025 · Dec 31, 2025EPS (Basic)
1.09THBFY2025 · Dec 31, 2025EPS (Diluted)
1.09THBFY2025 · Dec 31, 2025Basic Shares Outstanding
28.30BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
28.30BSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
30.94BTHBFY2025 · Dec 31, 2025Minority Interests (P&L)
-29.96MTHBFY2025 · Dec 31, 2025Operating Cash Flow
35.46BTHBFY2025 · Dec 31, 2025Free Cash Flow
22.53BTHBFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
78.58BTHBFY2025 · Dec 31, 2025Starting Profit (CF Statement)
30.94BTHBFY2025 · Dec 31, 2025Depreciation & Amortization
13.99BTHBFY2025 · Dec 31, 2025Deferred Taxes (CF)
-2.47BTHBFY2025 · Dec 31, 2025Other Non-cash Items
3.96BTHBFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
1.64BTHBFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-12.59BTHBFY2025 · Dec 31, 2025Capital Expenditures
-12.93BTHBFY2025 · Dec 31, 2025Net Intangibles (CF)
-11.00MTHBFY2025 · Dec 31, 2025Net Acquisitions
0.00THBFY2025 · Dec 31, 2025Purchase of Investments
-15.52BTHBFY2025 · Dec 31, 2025Sale of Investments
0.00THBFY2025 · Dec 31, 2025Other Investing Activity
-824.95MTHBFY2025 · Dec 31, 2025Net Investing Cash Flow
-29.27BTHBFY2025 · Dec 31, 2025Long-term Debt Payments
-17.38BTHBFY2025 · Dec 31, 2025Common Dividends Paid
0.00THBFY2025 · Dec 31, 2025Other Financing Charges
-30.41MTHBFY2025 · Dec 31, 2025Net Financing Cash Flow
-17.41BTHBFY2025 · Dec 31, 2025Shares Outstanding
28.30BSharesUpdated Sep 28, 2026Float Shares
8.71BSharesUpdated Sep 28, 2026% Held by Insiders
0.00%vs all stocks
% Held by Institutions
0.71%vs all stocks
Total Cash (MRQ)
3.70BUSDvs all stocks (USD)
Total Cash per Share (MRQ)
4.37USDUpdated Sep 28, 2026Total Debt (MRQ)
3.77BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
1.54xCurrent Ratio (MRQ)
1.78xBook Value per Share (MRQ)
0.0864USDUpdated Sep 28, 2026Total Assets
304.06BTHB9.05B · vs all stocks (USD)
Total Current Assets
143.50BTHBFY2025 · Dec 31, 2025Total Liabilities
228.15BTHBFY2025 · Dec 31, 2025Total Non-current Assets
160.56BTHBFY2025 · Dec 31, 2025Total Non-current Liabilities
150.56BTHBFY2025 · Dec 31, 2025Total Current Liabilities
77.59BTHBFY2025 · Dec 31, 2025Cash
76.08BTHBFY2025 · Dec 31, 2025Cash Equivalents
2.50BTHBFY2025 · Dec 31, 2025Cash & Cash Equivalents
78.58BTHBFY2025 · Dec 31, 2025Other Short-term Investments
44.98BTHBFY2025 · Dec 31, 2025Accounts Receivable
8.24BTHBFY2025 · Dec 31, 2025Inventory
5.06BTHBFY2025 · Dec 31, 2025Accounts Payable
8.29BTHBFY2025 · Dec 31, 2025Short-term Debt
9.87BTHBFY2025 · Dec 31, 2025Deferred Revenue
38.25BTHBFY2025 · Dec 31, 2025Other Current Liabilities
60.16MTHBFY2025 · Dec 31, 2025Long-term Debt
107.80BTHBFY2025 · Dec 31, 2025Other Non-current Liabilities
15.75MTHBFY2025 · Dec 31, 2025Common Stock (Book)
36.79BTHBFY2025 · Dec 31, 2025Retained Earnings
28.71BTHBFY2025 · Dec 31, 2025Total Shareholders' Equity
75.91BTHB2.26B · vs all stocks (USD)
52-Week Low
0.1520USDUpdated Sep 28, 202652-Week High
0.4100USDUpdated Sep 28, 202652-Week Change
-56.68%vs all stocks
Beta
0.1700xvs all stocks
50-Day MA
0.1710USDUpdated Sep 28, 2026200-Day MA
0.1932USDUpdated Sep 28, 2026Avg 10-Day Volume
81.69KSharesUpdated Sep 28, 2026Avg 30-Day Volume
72.80KSharesUpdated Sep 28, 2026Diluted EPS (TTM)
0.0200USDUpdated Sep 28, 2026Other Income / Expense
3.16BTHBFY2025 · Dec 31, 20255 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Liquidity Ratios Elevated
It can cover near-term bills from cash alone, not just from inventory.
Reads
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
Reads
Multi-Year Debt Decrease With Cash Near Total Debt And Equity
Long-term debt down in each of four years, and cash now covers most or all of what is left.
Reads
How does this company use capital?
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
Reads
Three Turnover Ratios Elevated
Collects fast, clears inventory fast, and pays suppliers fast too.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Significant cash reserves alongside high leverageNotable
Cash (USD): 3,703,921,128Total Debt (USD): 3,770,583,655Debt-to-Equity: 1.54
Financial Health
Altman Z-Score 1.91: grey zoneSignificant
Altman Z-Score: 1.91
Supply Chain
Midstream position: 6 outgoing, 8 incoming connectionsNotable
Outgoing: 6.00Incoming: 8.00
High connectivity hub: 14 industry connectionsNotable
Total Connections: 14.00
Scale
Market cap is $5.25B, above the global median of $1.18BNotable
Market cap (USD): 5,254,229,010Global Median: 1,180,223,658.953
Revenue is $5.65B, above the global median of $548.88MNotable
Revenue (USD): 5,653,132,550Global Median: 548,883,780.48
Levered free cash flow is $295.75M, above the global median of $18.73MNotable
Levered free cash flow (USD): 295,754,282Global Median: 18,729,043.027
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