Turkcell Iletisim Hizmetleri A.S. (TKC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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 | 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% |
| Q2 2025 | May 9, 2025 | $0.09 | $1.3Bvs $1.2B+3.0% |
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
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.29B | 17.63B | 21.29B | 25.14B | 69.5B | 108.6B | 134.98B | 107.12B | 166.67B | 212.6B |
| Revenue Growth % | 11.87% | 23.43% | 20.76% | 18.06% | 176.49% | 56.25% | 24.29% | -20.64% | 55.6% | 20.63% |
| Cost of Revenue | 9.24B | 11.35B | 14.15B | 17.08B | 53.11B | 86.14B | 117.93B | 84.42B | 125.51B | 153.94B |
| Gross Profit | 5.05B▲ 0% | 6.28B▲ 24.4% | 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% | 58.65B▲ 0% |
| Gross Margin % | 35.34% | 35.63% | 33.56% | 32.04% | 23.58% | 20.68% | 12.63% | 21.19% | 24.69% | 27.59% |
| Gross Profit Growth % | 0.98% | 24.42% | 13.76% | 12.69% | 103.52% | 37.04% | -24.11% | 33.16% | 81.33% | - |
| Operating Expenses | 2.42B | 2.61B | 2.3B | 3.02B | 7.4B | 10.36B | 12.78B | 14.89B | 6.04B | 27.68B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 5.2B | 5.49B | 8.61B | 10.06B | 27.74B | 45.97B | 55.08B | 41.28B | 61.41B | 90.84B |
| EBITDA Margin % | 36.42% | 31.12% | 40.44% | 40.02% | 39.91% | 42.33% | 40.81% | 38.54% | 36.85% | 42.73% |
| EBITDA Growth % | 3.61% | 5.47% | 56.9% | 16.83% | 175.77% | 65.72% | 19.81% | -25.05% | 48.77% | -12.74% |
| Depreciation & Amortization | 2.14B | 2.56B | 4.25B | 5.03B | 18.75B | 33.87B | 50.81B | 33.47B | 26.29B | 59.87B |
| D&A / Revenue % | 14.98% | 14.49% | 19.96% | 19.99% | 26.97% | 31.19% | 37.65% | 31.24% | 15.77% | 28.16% |
| Operating Income (EBIT) | 3.06B▲ 0% | 2.93B▼ 4.3% | 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% | 30.97B▲ 0% |
| Operating Margin % | 21.45% | 16.63% | 20.48% | 20.02% | 12.94% | 11.14% | 3.16% | 7.29% | 21.07% | 14.57% |
| Operating Income Growth % | -8.65% | -4.29% | 48.68% | 15.45% | 78.67% | 34.57% | -64.76% | 83.22% | 349.57% | - |
| Interest Expense | 436.33M | 659.34M | 807.12M | 201.82M | 151.89M | 2.82B | 6.16B | 8.43B | 11.46B | 3M |
| Interest Coverage | 7.02x | 4.45x | 5.40x | 24.94x | 59.20x | 4.30x | 0.69x | 0.93x | 3.07x | - |
| Interest / Revenue % | 3.05% | 3.74% | 3.79% | 0.8% | 0.22% | 2.59% | 4.57% | 7.87% | 6.87% | 0% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -4M |
| Pretax Income | 2.01B▲ 0% | 2.61B▲ 29.9% | 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% | 24.85B▲ 0% |
| Pretax Margin % | 14.06% | 14.8% | 12.55% | 13.09% | 7.81% | 6.74% | 3.48% | 5.5% | 9.57% | 11.69% |
| Income Tax | 423.16M | 571.76M | 495.48M | 785.63M | 919.74M | 900.34M | -4.02B | -4.68B | 4.87B | 9.03B |
| Effective Tax Rate % | 21.06% | 21.91% | 18.54% | 23.88% | 16.94% | 12.3% | -85.67% | -79.43% | 30.5% | 36.32% |
| Net Income | 1.49B▲ 0% | 1.98B▲ 32.6% | 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% | 15.65B▲ 0% |
| Net Margin % | 10.44% | 11.22% | 9.49% | 12.92% | 6.48% | 6.57% | 7.36% | 11.72% | 14.11% | 7.36% |
| Net Income Growth % | -27.84% | 32.64% | 2.12% | 60.63% | 38.7% | 58.47% | 39.22% | 26.38% | 87.38% | -65.74% |
| EPS (Diluted) | 1.70▲ 0% | 2.25▲ 32.4% | 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% | 17.98▲ 0% |
| EPS Growth % | -27.66% | 32.35% | 3.56% | 23.18% | 78.4% | 12.3% | 120% | 13.68% | 87.62% | -28.72% |
| EPS (Basic) | 1.70 | 2.25 | 2.33 | 2.87 | 5.12 | 5.75 | 12.65 | 14.38 | 26.98 | - |
| Diluted Shares Outstanding | 877.27M | 877.27M | 873.9M | 873.57M | 876.86M | 873.24M | 873.24M | 872.84M | 872.41M | 870.56M |
Turkcell Iletisim Hizmetleri A.S. (TKC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 31.6B | 33.98B | 42.77B | 7.68B | 7.11B | 151.3B | 234.99B | 356.74B | 344.28B | 491.42B |
| Asset Growth % | 20.58% | 7.54% | 25.85% | -82.04% | -7.45% | 2028.04% | 55.32% | 51.81% | -3.49% | 147.68% |
| PP&E (Net) | 8.41B | 9.68B | 12.65B | 2.4B | 2.27B | 52.9B | 82.31B | 109.36B | 119.63B | 152.5B |
| PP&E / Total Assets % | 26.62% | 28.48% | 29.58% | 31.28% | 31.88% | 34.96% | 35.03% | 30.65% | 34.75% | 31.03% |
| Total Current Assets | 13.35B | 14.07B | 18.34B | 3.25B | 2.77B | 48.57B | 77.31B | 148.05B | 113.69B | 185.91B |
| Cash & Equivalents | 6.05B | 4.71B | 7.42B | 1.72B | 1.6B | 30.6B | 42.78B | 72.16B | 68.93B | 122.35B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 131.97M | 104.1M | 180.43M | 29.98M | 27.41M | 458.72M | 494.99M | 780.38M | 674.61M | 818.86M |
| Other Current Assets | 1.75B | 2.61B | 3.08B | 144.01M | 125.27M | 3.55B | 3.67B | 28.93B | 4.01B | 9.97B |
| Long-Term Investments | 1.5B | 654K | 19.41M | 69.3M | 93.53M | 3.64B | 7.28B | 9.41B | 23.11B | 101.16B |
| Goodwill | 32.83M | 32.83M | 32.83M | 5.52M | 5.38M | 259.36M | 419.75M | 588.96M | 588.96M | 738.73M |
| Intangible Assets | 8.2B | 8.31B | 10.35B | 1.89B | 1.66B | 42.1B | 62.49B | 84.5B | 82.03B | 108B |
| Other Assets | 43.73M | 1.8B | 1.22B | 28.81M | 23.05M | 1.53B | 2.45B | 3.2B | 2.69B | 7.78B |
| Total Liabilities | 15.53B | 18.94B | 26.71B | 4.64B | 4.31B | 85.93B | 125.61B | 180.25B | 157.31B | 248.39B |
| Total Debt | 9.78B | 12.54B | 20.16B | 3.41B | 2.9B | 60.42B | 88.74B | 121.4B | 104.34B | 181.28B |
| Net Debt | 3.73B | 7.82B | 12.74B | 1.69B | 1.31B | 29.81B | 45.96B | 49.24B | 35.41B | 58.93B |
| Long-Term Debt | 6.89B | 8.15B | 12.09B | 1.95B | 2B | 42.57B | 57.59B | 81.27B | 48.66B | 106.5B |
| Short-Term Borrowings | 2.84B | 4.26B | 6.65B | 1.28B | 704.03M | 13.07B | 26.11B | 36.62B | 50.86B | 35.44B |
| Capital Lease Obligations | 48.11M | 122.72M | 1.41B | 185.06M | 204.74M | 4.77B | 5.03B | 3.5B | 4.82B | 87.58B |
| Total Current Liabilities | 7.36B | 9.22B | 11.74B | 2.13B | 1.56B | 28.26B | 48.48B | 83.35B | 90.83B | 105.97B |
| Accounts Payable | 1.72B | 2.53B | 2.37B | 458.98M | 497.95M | 7.58B | 11.37B | 18.3B | 20.36B | 32.63B |
| Accrued Expenses | 198.19M | 384.22M | 329.69M | 62.88M | 58.18M | 1.19B | 1.94B | 2.78B | 10.27B | 10.27B |
| Deferred Revenue | 93.8M | 193.83M | 264.7M | 58.3M | 58.12M | 1.12B | 1.62B | 2.25B | 2.03B | 2.92B |
| Other Current Liabilities | 879.99M | 945.31M | 1.5B | 244.22M | 219.7M | 1.06B | 1.49B | 12.5B | 5.31B | 4.5B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 40.65B |
| Other Liabilities | 705.4M | 718.77M | 855.58M | 166.58M | 170.84M | 3.28B | 5.7B | 8.1B | 6.42B | 8.56B |
| Total Equity | 16.07B▲ 0% | 15.05B▼ 6.4% | 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% | 243.03B▲ 0% |
| Equity Growth % | 11.44% | -6.37% | 6.7% | -81.07% | -7.97% | 2237.4% | 67.33% | 61.35% | 5.94% | 135.78% |
| Shareholders Equity | 16.01B | 14.99B | 15.92B | 3.03B | 2.8B | 65.37B | 109.37B | 176.5B | 186.97B | 243.03B |
| Minority Interest | 56.63M | 55.93M | 131.81M | 6.13M | 23.01K | -337K | 6.42M | -18.7M | 0 | 0 |
| Common Stock | 2.2B | 2.2B | 2.2B | 369.69M | 296M | 19.62B | 32.33B | 46.68B | 2.2B | 58.56B |
| Additional Paid-in Capital | 35.3M | 35.3M | 35.3M | 5.93M | 4.75M | 62.4M | 7.68M | 11.09M | 41.94M | 52.6M |
| Retained Earnings | 12.78B | 11.31B | 11.36B | 2.22B | 2.21B | 44.64B | 77.39B | 125.78B | 177.55B | 183.2B |
| Accumulated OCI | 1.06B | 1.5B | 2.47B | 462.58M | 310.17M | 1.49B | 353.79M | 5.09B | 8.5B | 2.86B |
| Return on Assets (ROA) | 5.16% | 6.04% | 5.27% | 12.87% | 60.88% | 9.01% | 5.14% | 4.24% | 6.71% | 3.66% |
| Return on Equity (ROE) | 9.79% | 12.72% | 13% | 34.01% | 154.33% | 20.94% | 11.37% | 8.78% | 12.94% | 7.28% |
| Debt / Equity | 0.61x | 0.83x | 1.26x | 1.12x | 1.04x | 0.92x | 0.81x | 0.69x | 0.56x | 0.56x |
| Debt / Assets | 30.95% | 36.89% | 47.13% | 44.42% | 40.85% | 39.93% | 37.76% | 34.03% | 30.31% | 36.89% |
| Net Debt / EBITDA | 0.72x | 1.43x | 1.48x | 0.17x | 0.05x | 0.65x | 0.83x | 1.19x | 0.58x | 0.58x |
| Book Value per Share | 18.32 | 17.15 | 18.37 | 3.48 | 3.19 | 74.85 | 125.25 | 202.19 | 214.31 | 279.16 |
Turkcell Iletisim Hizmetleri A.S. (TKC) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 607.14M | 3.1B | 5.83B | 9.03B | 21B | 2.37B | 61.04B | 60.24B | 75.01B | 75.01B |
| Operating CF Growth % | -68.07% | 410.8% | 87.98% | 54.83% | 132.65% | -88.71% | 2473.83% | -1.32% | 24.53% | 150.52% |
| Operating CF / Revenue % | 4.25% | 17.59% | 27.38% | 35.91% | 30.21% | 2.18% | 45.23% | 56.24% | 45.01% | 35.28% |
| Net Income | 1.59B | 2.04B | 2.18B | 3.28B | 4.51B | 563.62M | 9.93B | 18.09B | 23.51B | 15.65B |
| Depreciation & Amortization | 2.2B | 2.6B | 4.29B | 5.03B | 18.75B | 812.44M | 50.81B | 48.32B | 47.43B | 13.98B |
| Deferred Taxes | 423.16M | 571.76M | 495.48M | 785.63M | 919.74M | -131.26M | -3.84B | -6.33B | 5.19B | 3.44B |
| Other Non-Cash Items | -137.95M | 296.87M | 1.04B | 125.15M | -5.5B | 1.34B | 7.91B | 3.65B | 1.17B | 5.49B |
| Working Capital Changes | -3.23B | -2.35B | -1.73B | -186.94M | 2.32B | -217.86M | -3.77B | -3.5B | -3.68B | -11.27B |
| Capital Expenditures | -3.64B | -4.11B | -5.43B | -6.02B | -16.77B | -1.16B | -40.83B | -42.6B | -48.86B | -14.95B |
| CapEx / Revenue % | 25.46% | 23.31% | 25.5% | 12.71% | 13.73% | 1.07% | 18.32% | 19.16% | 29.31% | 4.43% |
| CapEx / D&A | 1.65x | 1.58x | 1.27x | 0.64x | 0.51x | 1.43x | 0.49x | 0.42x | 1.03x | 0.67x |
| CapEx Coverage (OCF/CapEx) | 0.17x | 0.75x | 1.07x | 2.83x | 2.20x | 2.04x | 2.47x | 2.93x | 1.54x | 7.96x |
| Cash from Investing | -2.98B | -3.3B | -4.54B | -3.03B | -14.54B | -1.16B | -45.79B | -30.18B | -48.86B | -9.24B |
| Acquisitions | 40.64M | 58.74M | 99.03M | 2.18B | -187.15M | 11.59M | -1.46B | -784.49M | 30.84M | 1000K |
| Purchase of Investments | 0 | -11.99M | -39.88M | -369.59M | -2.34B | -170.28M | -14.04B | -38.08B | -66.89B | -19.59B |
| Sale of Investments | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Other Investing | 660.48M | 817.39M | 833.08M | -1.73B | -4.77B | -6.25M | -8.67B | -13.17B | -5.31B | 82.88M |
| Cash from Financing | 4.84B | -1.57B | -534.38M | -3.48B | -9.95B | -441.64M | 4.89B | 9.77B | -9.78B | 33.32B |
| Dividends Paid | -51.42M | -2.99B | -1.9B | -1.01B | -1.86B | -287.46M | -3.45B | -3.59B | -7.31B | -334.06M |
| Dividend Payout Ratio % | - | 151.11% | 94.01% | 31.11% | 41.41% | 4.03% | 34.76% | 28.58% | 31.1% | - |
| 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 | -65.61M | 0 | -94.62M | -10M | -25.03M | 0 | 0 | -50.76M | -328M | -50.52M |
| Other Financing | -60.42M | -60.22M | 274.17M | 908.92M | 3.07B | -219.97M | 0 | -22.52M | -412.3M | -184.23M |
| Net Change in Cash | 3.13B▲ 0% | -1.34B▼ 142.8% | 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% | 32.41B▲ 0% |
| Exchange Rate Effect | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Cash at Beginning | 2.92B | 6.05B | 4.71B | 7.42B | 26.23B | 1.6B | 72.77B | 61.71B | 77.71B | 2.93B |
| Cash at End | 6.05B | 4.71B | 7.42B | 10.24B | 26.51B | 1.4B | 61.71B | 77.71B | 68.65B | 2.94B |
| Free Cash Flow | -3.03B▲ 0% | -1.01B▲ 66.7% | 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% | 106.77M▲ 0% |
| FCF Growth % | -12.4% | 66.71% | 139.6% | 653.58% | 40.41% | -71.35% | 1569.47% | -12.75% | 48.28% | 102.67% |
| FCF Margin % | -21.21% | -5.72% | 1.88% | 11.98% | 6.08% | 1.12% | 14.98% | 16.47% | 15.69% | 0.05% |
| FCF / Net Income % | -203.07% | -50.97% | 19.77% | 92.73% | 93.87% | 16.97% | 203.51% | 140.51% | 111.2% | 0.68% |
Turkcell Iletisim Hizmetleri A.S. (TKC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.79% | 12.72% | 13% | 34.01% | 154.33% | 20.94% | 11.37% | 8.78% | 12.94% | 7.28% |
| EBITDA Margin | 36.42% | 31.12% | 40.44% | 40.02% | 39.91% | 42.33% | 40.81% | 38.54% | 36.85% | 42.73% |
| Net Debt / EBITDA | 0.72x | 1.43x | 1.48x | 0.17x | 0.05x | 0.65x | 0.83x | 1.19x | 0.58x | 0.58x |
| Interest Coverage | 7.02x | 4.45x | 5.40x | 24.94x | 59.20x | 4.30x | 0.69x | 0.93x | 3.07x | - |
| CapEx / Revenue | 25.46% | 23.31% | 25.5% | 12.71% | 13.73% | 1.07% | 18.32% | 19.16% | 29.31% | 4.43% |
| Dividend Payout Ratio | - | 151.11% | 94.01% | 31.11% | 41.41% | 4.03% | 34.76% | 28.58% | 31.1% | 2.13% |
| Debt / Equity | 0.61x | 0.83x | 1.26x | 1.12x | 1.04x | 0.92x | 0.81x | 0.69x | 0.56x | 0.56x |
| EPS Growth | -27.66% | 32.35% | 3.56% | 23.18% | 78.4% | 12.3% | 120% | 13.68% | 87.62% | -28.72% |
Turkcell Iletisim Hizmetleri A.S. (TKC) stock FAQ — growth, dividends, profitability & financials explained
Turkcell Iletisim Hizmetleri A.S. (TKC) reported $212.60B in revenue for fiscal year 2024. This represents a 9978% increase from $2.11B in 1999.
Turkcell Iletisim Hizmetleri A.S. (TKC) grew revenue by 55.6% over the past year. This is strong growth.
Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) is profitable, generating $15.65B in net income for fiscal year 2024 (14.1% net margin).
Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) pays a dividend with a yield of 2.84%. This makes it attractive for income-focused investors.
Turkcell Iletisim Hizmetleri A.S. (TKC) has a return on equity (ROE) of 12.9%. This is reasonable for most industries.
Turkcell Iletisim Hizmetleri A.S. (TKC) generated $106.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Turkcell Iletisim Hizmetleri A.S. (TKC) has a dividend payout ratio of 31%. This suggests the dividend is well-covered and sustainable.
Turkcell Iletisim Hizmetleri A.S. (TKC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates