Turkcell Iletisim Hizmetleri A.S. (TKC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Turkcell Iletisim Hizmetleri A.S. (TKC) stock price & volume — 10-year historical chart
Turkcell Iletisim Hizmetleri A.S. (TKC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Turkcell Iletisim Hizmetleri A.S. (TKC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.11 | $1.5Bvs $1.5B+0.7% |
| Q2 2026 | Mar 5, 2026 | $0.10 | $1.8Bvs $1.4B+28.8% |
| Q4 2025 | Nov 6, 2025 | $0.15 | $1.4Bvs $1.5B-2.9% |
| Q3 2025 | Aug 13, 2025 | $0.13 | $1.3Bvs $1.3B+3.3% |
Turkcell Iletisim Hizmetleri A.S. (TKC) competitors in Integrated Telecom and Media Groups — business model, growth, and fundamentals comparison
Turkcell Iletisim Hizmetleri A.S. (TKC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Turkcell Iletisim Hizmetleri A.S. (TKC) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 17.63B | 21.29B | 25.14B | 69.5B | 108.6B | 134.98B | 107.12B | 166.67B | 6.1B | 182.6B |
Revenue Growth % | 23.43% | 20.76% | 18.06% | 176.49% | 56.25% | 24.29% | -20.64% | 55.6% | -96.34% | -2.54% |
Cost of Revenue | 11.35B | 14.15B | 17.08B | 53.11B | 86.14B | 117.93B | 84.42B | 125.51B | 4.35B | 131.95B |
Gross Profit | 6.28B▲ 0% | 7.15B▲ 13.8% | 8.05B▲ 12.7% | 16.39B▲ 103.5% | 22.46B▲ 37.0% | 17.05B▼ 24.1% | 22.7B▲ 33.2% | 41.16B▲ 81.3% | 1.75B▼ 95.8% | 50.65B▲ 0% |
Gross Margin % | 35.63% | 33.56% | 32.04% | 23.58% | 20.68% | 12.63% | 21.19% | 24.69% | 28.66% | 27.74% |
Gross Profit Growth % | 24.42% | 13.76% | 12.69% | 103.52% | 37.04% | -24.11% | 33.16% | 81.33% | -95.75% | - |
Operating Expenses | 2.61B | 2.3B | 3.02B | 7.4B | 10.36B | 12.78B | 14.89B | 6.04B | 709.78M | 21.15B |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
EBITDA | 5.49B | 8.61B | 10.06B | 27.74B | 45.97B | 55.08B | 41.28B | 61.41B | 2.64B | 80.68B |
EBITDA Margin % | 31.12% | 40.44% | 40.02% | 39.91% | 42.33% | 40.81% | 38.54% | 36.85% | 43.33% | 44.19% |
EBITDA Growth % | 5.47% | 56.9% | 16.83% | 175.77% | 65.72% | 19.81% | -25.05% | 48.77% | -95.69% | 2.19% |
Depreciation & Amortization | 2.56B | 4.25B | 5.03B | 18.75B | 33.87B | 50.81B | 33.47B | 26.29B | 1.61B | 51.19B |
D&A / Revenue % | 14.49% | 19.96% | 19.99% | 26.97% | 31.19% | 37.65% | 31.24% | 15.77% | 26.3% | 28.03% |
Operating Income (EBIT) | 2.93B▲ 0% | 4.36B▲ 48.7% | 5.03B▲ 15.4% | 8.99B▲ 78.7% | 12.1B▲ 34.6% | 4.26B▼ 64.8% | 7.81B▲ 83.2% | 35.12B▲ 349.6% | 1.04B▼ 97.0% | 29.5B▲ 0% |
Operating Margin % | 16.63% | 20.48% | 20.02% | 12.94% | 11.14% | 3.16% | 7.29% | 21.07% | 17.03% | 16.16% |
Operating Income Growth % | -4.29% | 48.68% | 15.45% | 78.67% | 34.57% | -64.76% | 83.22% | 349.57% | -97.04% | - |
Interest Expense | 659.34M | 807.12M | 201.82M | 151.89M | 2.82B | 6.16B | 8.43B | 11.46B | 381.79M | 4M |
Interest Coverage | 4.92x | 4.00x | 20.63x | 49.42x | 3.60x | 1.76x | 1.39x | 3.01x | 2.72x | - |
Interest / Revenue % | 3.74% | 3.79% | 0.8% | 0.22% | 2.59% | 4.57% | 7.87% | 6.87% | 6.26% | 0% |
Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -2M |
Pretax Income | 2.61B▲ 0% | 2.67B▲ 2.4% | 3.29B▲ 23.1% | 5.43B▲ 65.0% | 7.32B▲ 34.8% | 4.69B▼ 35.8% | 5.89B▲ 25.4% | 15.95B▲ 171.0% | 788.21M▼ 95.1% | 26.25B▲ 0% |
Pretax Margin % | 14.8% | 12.55% | 13.09% | 7.81% | 6.74% | 3.48% | 5.5% | 9.57% | 12.92% | 14.38% |
Income Tax | 571.76M | 495.48M | 785.63M | 919.74M | 900.34M | -4.02B | -4.68B | 4.87B | 338.6M | 11.75B |
Effective Tax Rate % | 21.91% | 18.54% | 23.88% | 16.94% | 12.3% | -85.67% | -79.43% | 30.5% | 42.96% | 44.75% |
Net Income | 1.98B▲ 0% | 2.02B▲ 2.1% | 3.25B▲ 60.6% | 4.5B▲ 38.7% | 7.14B▲ 58.5% | 9.93B▲ 39.2% | 12.55B▲ 26.4% | 23.52B▲ 87.4% | 444.87M▼ 98.1% | 14.33B▲ 0% |
Net Margin % | 11.22% | 9.49% | 12.92% | 6.48% | 6.57% | 7.36% | 11.72% | 14.11% | 7.29% | 7.85% |
Net Income Growth % | 32.64% | 2.12% | 60.63% | 38.7% | 58.47% | 39.22% | 26.38% | 87.38% | -98.11% | -40.91% |
EPS (Diluted) | 2.25▲ 0% | 2.33▲ 3.6% | 2.87▲ 23.2% | 5.12▲ 78.4% | 5.75▲ 12.3% | 12.65▲ 120.0% | 14.38▲ 13.7% | 26.98▲ 87.6% | 22.33▼ 17.2% | 16.47▲ 0% |
EPS Growth % | 32.35% | 3.56% | 23.18% | 78.4% | 12.3% | 120% | 13.68% | 87.62% | -17.23% | -19.26% |
EPS (Basic) | 2.25 | 2.33 | 2.87 | 5.12 | 5.75 | 12.65 | 14.38 | 26.98 | 22.33 | - |
Diluted Shares Outstanding | 877.27M | 873.9M | 873.57M | 876.86M | 873.24M | 873.24M | 872.84M | 872.41M | 861.82M | 870.3M |
Turkcell Iletisim Hizmetleri A.S. (TKC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 33.98B | 42.77B | 7.68B | 7.11B | 151.3B | 234.99B | 356.74B | 344.28B | 12.07B | 619.6B |
Asset Growth % | 7.54% | 25.85% | -82.04% | -7.45% | 2028.04% | 55.32% | 51.81% | -3.49% | -96.49% | 54.73% |
PP&E (Net) | 9.68B | 12.65B | 2.4B | 2.27B | 52.9B | 82.31B | 109.36B | 119.63B | 4.32B | 202.01B |
PP&E / Total Assets % | 28.48% | 29.58% | 31.28% | 31.88% | 34.96% | 35.03% | 30.65% | 34.75% | 35.8% | 32.6% |
Total Current Assets | 14.07B | 18.34B | 3.25B | 2.77B | 48.57B | 77.31B | 148.05B | 113.69B | 3.65B | 184.79B |
Cash & Equivalents | 4.71B | 7.42B | 1.72B | 1.6B | 30.6B | 42.78B | 72.16B | 68.93B | 2.16B | 96B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 104.1M | 180.43M | 29.98M | 27.41M | 458.72M | 494.99M | 780.38M | 674.61M | 20.9M | 830.24M |
Other Current Assets | 2.61B | 3.08B | 144.01M | 125.27M | 3.55B | 3.67B | 28.93B | 4.01B | 42.17M | 10.93B |
Long-Term Investments | 654K | 19.41M | 69.3M | 93.53M | 3.64B | 7.28B | 9.41B | 23.11B | 1.01B | 99.07B |
Goodwill | 32.83M | 32.83M | 5.52M | 5.38M | 259.36M | 419.75M | 588.96M | 588.96M | 17.94M | 850.29M |
Intangible Assets | 8.31B | 10.35B | 1.89B | 1.66B | 42.1B | 62.49B | 84.5B | 82.03B | 2.43B | 171.27B |
Other Assets | 1.8B | 1.22B | 28.81M | 23.05M | 1.53B | 2.45B | 3.2B | 2.69B | 38M | 7.13B |
Total Liabilities | 18.94B | 26.71B | 4.64B | 4.31B | 85.93B | 125.61B | 180.25B | 157.31B | 6.03B | 328.01B |
Total Debt | 12.54B | 20.16B | 3.41B | 2.9B | 60.42B | 88.74B | 121.4B | 104.34B | 3.69B | 206.83B |
Net Debt | 7.82B | 12.74B | 1.69B | 1.31B | 29.81B | 45.96B | 49.24B | 35.41B | 1.53B | 110.83B |
Long-Term Debt | 8.15B | 12.09B | 1.95B | 2B | 42.57B | 57.59B | 81.27B | 48.66B | 2.57B | 156.03B |
Short-Term Borrowings | 4.26B | 6.65B | 1.28B | 704.03M | 13.07B | 26.11B | 36.62B | 50.86B | 835.96M | 38.37B |
Capital Lease Obligations | 122.72M | 1.41B | 185.06M | 204.74M | 4.77B | 5.03B | 3.5B | 4.82B | 291.41M | 89.06B |
Total Current Liabilities | 9.22B | 11.74B | 2.13B | 1.56B | 28.26B | 48.48B | 83.35B | 90.83B | 2.14B | 109.21B |
Accounts Payable | 2.53B | 2.37B | 458.98M | 497.95M | 7.58B | 11.37B | 18.3B | 20.36B | 759.11M | 50.24B |
Accrued Expenses | 384.22M | 329.69M | 62.88M | 58.18M | 1.19B | 1.94B | 2.78B | 10.27B | 142.69M | 4.73B |
Deferred Revenue | 193.83M | 264.7M | 58.3M | 58.12M | 1.12B | 1.62B | 2.25B | 2.03B | 73.43M | 3.78B |
Other Current Liabilities | 945.31M | 1.5B | 244.22M | 219.7M | 1.06B | 1.49B | 12.5B | 5.31B | 304.11M | 11.31B |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 46.62B |
Other Liabilities | 718.77M | 855.58M | 166.58M | 170.84M | 3.28B | 5.7B | 8.1B | 6.42B | 183.23M | 25.13B |
Total Equity | 15.05B▲ 0% | 16.05B▲ 6.7% | 3.04B▼ 81.1% | 2.8B▼ 8.0% | 65.37B▲ 2237.4% | 109.38B▲ 67.3% | 176.48B▲ 61.3% | 186.97B▲ 5.9% | 6.04B▼ 96.8% | 291.59B▲ 0% |
Equity Growth % | -6.37% | 6.7% | -81.07% | -7.97% | 2237.4% | 67.33% | 61.35% | 5.94% | -96.77% | 25.75% |
Shareholders Equity | 14.99B | 15.92B | 3.03B | 2.8B | 65.37B | 109.37B | 176.5B | 186.97B | 6.04B | 291.59B |
Minority Interest | 55.93M | 131.81M | 6.13M | 23.01K | -337K | 6.42M | -18.7M | 0 | 0 | 0 |
Common Stock | 2.2B | 2.2B | 369.69M | 296M | 19.62B | 32.33B | 46.68B | 2.2B | 51.21M | 2.21B |
Additional Paid-in Capital | 35.3M | 35.3M | 5.93M | 4.75M | 62.4M | 7.68M | 11.09M | 41.94M | 1.37B | 65.25B |
Retained Earnings | 11.31B | 11.36B | 2.22B | 2.21B | 44.64B | 77.39B | 125.78B | 177.55B | 4.53B | 219.49B |
Accumulated OCI | 1.5B | 2.47B | 462.58M | 310.17M | 1.49B | 353.79M | 5.09B | 8.5B | 123.26M | 6.75B |
Return on Assets (ROA) | 6.04% | 5.27% | 12.87% | 60.88% | 9.01% | 5.14% | 4.24% | 6.71% | 0.25% | 3.63% |
Return on Equity (ROE) | 12.72% | 13% | 34.01% | 154.33% | 20.94% | 11.37% | 8.78% | 12.94% | 0.46% | 7.54% |
Debt / Equity | 0.83x | 1.26x | 1.12x | 1.04x | 0.92x | 0.81x | 0.69x | 0.56x | 0.61x | 0.71x |
Debt / Assets | 36.89% | 47.13% | 44.42% | 40.85% | 39.93% | 37.76% | 34.03% | 30.31% | 30.59% | 33.38% |
Net Debt / EBITDA | 1.43x | 1.48x | 0.17x | 0.05x | 0.65x | 0.83x | 1.19x | 0.58x | 0.58x | 1.37x |
Book Value per Share | 17.15 | 18.37 | 3.48 | 3.19 | 74.85 | 125.25 | 202.19 | 214.31 | 7 | 335.04 |
Turkcell Iletisim Hizmetleri A.S. (TKC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 3.1B | 5.83B | 9.03B | 21B | 2.37B | 61.04B | 60.24B | 75.01B | 121.62B | 53.09B |
Operating CF Growth % | 410.8% | 87.98% | 54.83% | 132.65% | -88.71% | 2473.83% | -1.32% | 24.53% | 62.13% | 4565.87% |
Operating CF / Revenue % | 17.59% | 27.38% | 35.91% | 30.21% | 2.18% | 45.23% | 56.24% | 45.01% | 1993.02% | 29.07% |
Net Income | 2.04B | 2.18B | 3.28B | 4.51B | 563.62M | 9.93B | 18.09B | 23.51B | 19.31B | 14.33B |
Depreciation & Amortization | 2.6B | 4.29B | 5.03B | 18.75B | 812.44M | 50.81B | 48.32B | 47.43B | 67.56B | 35.88B |
Deferred Taxes | 571.76M | 495.48M | 785.63M | 919.74M | -131.26M | -3.84B | -6.33B | 5.19B | 0 | 5.91B |
Other Non-Cash Items | 296.87M | 1.04B | 125.15M | -5.5B | 1.34B | 7.91B | 3.65B | 1.17B | 40.68B | 8.79B |
Working Capital Changes | -2.35B | -1.73B | -186.94M | 2.32B | -217.86M | -3.77B | -3.5B | -3.68B | -5.93B | -6.71B |
Capital Expenditures | -4.11B | -5.43B | -6.02B | -16.77B | -1.16B | -40.83B | -42.6B | -48.86B | -98.17B | -98.27B |
CapEx / Revenue % | 23.31% | 25.5% | 12.71% | 13.73% | 1.07% | 18.32% | 19.16% | 29.31% | 1608.79% | 53.82% |
CapEx / D&A | 1.58x | 1.27x | 0.64x | 0.51x | 1.43x | 0.49x | 0.42x | 1.03x | 1.45x | 2.74x |
CapEx Coverage (OCF/CapEx) | 0.75x | 1.07x | 2.83x | 2.20x | 2.04x | 2.47x | 2.93x | 1.54x | 1.24x | 0.54x |
Cash from Investing | -3.3B | -4.54B | -3.03B | -14.54B | -1.16B | -45.79B | -30.18B | -48.86B | -98.17B | -98.27B |
Acquisitions | 58.74M | 99.03M | 2.18B | -187.15M | 11.59M | -1.46B | -784.49M | 30.84M | 0 | 347.23M |
Purchase of Investments | -11.99M | -39.88M | -369.59M | -2.34B | -170.28M | -14.04B | -38.08B | -66.89B | 0 | -49.86B |
Sale of Investments | 0 | 2.58M | 84.66M | 2.3B | 77.67M | 3.12B | 42.38B | 54.01B | 0 | 38.63B |
Other Investing | 817.39M | 833.08M | -1.73B | -4.77B | -6.25M | -8.67B | -13.17B | -5.31B | -20.28B | -18.92B |
Cash from Financing | -1.57B | -534.38M | -3.48B | -9.95B | -441.64M | 4.89B | 9.77B | -9.78B | -1.66B | -2.29B |
Dividends Paid | -2.99B | -1.9B | -1.01B | -1.86B | -287.46M | -3.45B | -3.59B | -7.31B | -9.75B | -5.09B |
Dividend Payout Ratio % | 151.11% | 94.01% | 31.11% | 41.41% | 4.03% | 34.76% | 28.58% | 31.1% | 2191.93% | - |
Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 0 |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -94.62M | -10M | -25.03M | 0 | 0 | -50.76M | -328M | -279.52M | -216.41M |
Other Financing | -60.22M | 274.17M | 908.92M | 3.07B | -219.97M | 0 | -22.52M | -412.3M | -9.14B | -9.54B |
Net Change in Cash | -1.34B▲ 0% | 2.71B▲ 302.0% | 2.82B▲ 4.2% | 284.02M▼ 89.9% | -192.98M▼ 167.9% | -11.05B▼ 5628.2% | 16B▲ 244.7% | -9.06B▼ 156.6% | 8.07B▲ 189.1% | -34.7B▲ 0% |
Exchange Rate Effect | 430.11M | 1.95B | 298.2M | 3.78B | -962.31M | -31.21B | -23.83B | -25.43B | -13.72B | 12.77B |
Cash at Beginning | 6.05B | 4.71B | 7.42B | 26.23B | 1.6B | 72.77B | 61.71B | 77.71B | 83.71B | 96.21B |
Cash at End | 4.71B | 7.42B | 10.24B | 26.51B | 1.4B | 61.71B | 77.71B | 68.65B | 91.78B | 96B |
Free Cash Flow | -1.01B▲ 0% | 399.48M▲ 139.6% | 3.01B▲ 653.6% | 4.23B▲ 40.4% | 1.21B▼ 71.4% | 20.22B▲ 1569.5% | 17.64B▼ 12.7% | 26.16B▲ 48.3% | 23.45B▼ 10.4% | -45.18B▲ 0% |
FCF Growth % | 66.71% | 139.6% | 653.58% | 40.41% | -71.35% | 1569.47% | -12.75% | 48.28% | -10.36% | -16856.15% |
FCF Margin % | -5.72% | 1.88% | 11.98% | 6.08% | 1.12% | 14.98% | 16.47% | 15.69% | 384.23% | -24.74% |
FCF / Net Income % | -50.97% | 19.77% | 92.73% | 93.87% | 16.97% | 203.51% | 140.51% | 111.2% | 5270.43% | -315.26% |
Turkcell Iletisim Hizmetleri A.S. (TKC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 12.72% | 13% | 34.01% | 154.33% | 20.94% | 11.37% | 8.78% | 12.94% | 0.46% | 7.54% |
EBITDA Margin | 31.12% | 40.44% | 40.02% | 39.91% | 42.33% | 40.81% | 38.54% | 36.85% | 43.33% | 44.19% |
Net Debt / EBITDA | 1.43x | 1.48x | 0.17x | 0.05x | 0.65x | 0.83x | 1.19x | 0.58x | 0.58x | 1.37x |
Interest Coverage | 4.92x | 4.00x | 20.63x | 49.42x | 3.60x | 1.76x | 1.39x | 3.01x | 2.72x | - |
CapEx / Revenue | 23.31% | 25.5% | 12.71% | 13.73% | 1.07% | 18.32% | 19.16% | 29.31% | 1608.79% | 53.82% |
Dividend Payout Ratio | 151.11% | 94.01% | 31.11% | 41.41% | 4.03% | 34.76% | 28.58% | 31.1% | 2191.93% | 35.55% |
Debt / Equity | 0.83x | 1.26x | 1.12x | 1.04x | 0.92x | 0.81x | 0.69x | 0.56x | 0.61x | 0.71x |
EPS Growth | 32.35% | 3.56% | 23.18% | 78.4% | 12.3% | 120% | 13.68% | 87.62% | -17.23% | -19.26% |
Turkcell Iletisim Hizmetleri A.S. (TKC) stock FAQ — growth, dividends, profitability & financials explained
Turkcell Iletisim Hizmetleri A.S. (TKC) reported $182.60B in revenue for fiscal year 2025. This represents a 8556% increase from $2.11B in 1999.
Turkcell Iletisim Hizmetleri A.S. (TKC) saw revenue decline by 96.3% over the past year.
Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) is profitable, generating $14.33B in net income for fiscal year 2025 (7.3% net margin).
Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) pays a dividend with a yield of 3.99%. This makes it attractive for income-focused investors.
Turkcell Iletisim Hizmetleri A.S. (TKC) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Turkcell Iletisim Hizmetleri A.S. (TKC) had negative free cash flow of $45.18B in fiscal year 2025, likely due to heavy capital investments.
Turkcell Iletisim Hizmetleri A.S. (TKC) has a dividend payout ratio of 2192%. The high payout ratio may limit dividend growth.