TKC Communication ServicesBeta data

Turkcell Iletisim Hizmetleri A.S.

$4.67+1.08%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Communication Services
Industry: Telecom Services
Country: Turkey
Market cap: 4.1B USD
Enterprise value: 70.9B USD

Overall health

About average: risk (debt, liquidity and share-price swings)risk
Not enough data: valuation

Would rank #147 of 454 fully scored communication services companies (top 33%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense TRY 3.3B vs TRY 783M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Turkcell Iletisim Hizmetleri A.S. recorded TRY 3.3B of stock-based pay expense and spent TRY 783M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Turkcell Iletisim Hizmetleri A.S. recorded TRY 3.3B of stock-based pay expense and spent TRY 783M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Operating margin at a 6-year high. 16% in 2025, the best of the last 6 years.
Turkcell Iletisim Hizmetleri A.S. kept 16% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +79%, operating profit +799%.Since 2022: revenue +79%, operating profit +799%.
Since 2022, Turkcell Iletisim Hizmetleri A.S.'s revenue grew 79% while operating profit grew 799%: each extra dollar of sales is adding more profit.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

59/ 100▼ 1 since Oct 27 close

Oct 5 59 → Nov 4 59

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Growth

Is it growing?

70/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 44.9%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-25.1%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score -1.08Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth21.4%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 2.69Sector median: 0.0303 · MAD: 0.0683

Revenue growth10.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.07Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

62/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Operating margin rose 3.9 points to 15.9%

Why

Stronger than most peers on:

▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.97Sector median: 0.0818 · MAD: 0.0789

Return on assets3.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.25Sector median: 0.0272 · MAD: 0.0318

Return on invested capital9.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.47Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin27.5%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity6.8%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: Changed: worth a look

Debt up 52%

Why it changed since the Oct 27, 2026 close: Safety percentile 47 → 46

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.66

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.02Sector median: 0.6525 · MAD: 0.2880

Current ratio1.49×

Yahoo FinanceReported value33% base weight · Z-score 0.15Sector median: 1.3848 · MAD: 0.6948

Debt / equity0.69×

Yahoo FinanceReported value33% base weight · Z-score -0.95Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Turkcell Iletisim Hizmetleri A.S.

Is Turkcell Iletisim Hizmetleri A.S. getting weaker?: Its latest SEC filing (Apr 17, 2026) got stronger: operating margin rose 3.9 points to 15.9%; debt up 52%. Its overall score is 59/100, down 1 since Oct 28, 2026.
How is Turkcell Iletisim Hizmetleri A.S. valued vs its peers?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
Is Turkcell Iletisim Hizmetleri A.S. growing?: Yes, faster than most of its peers. Growth scores 70/100 against 512 communication services peers. 3-year revenue growth 21.4% vs a peer median of 3.0% (stronger than 90% of peers).3-year revenue growth 21.4% vs peers 3.0% (stronger than 90% of peers). Earnings per share growth -25.1% vs a peer median of 8.8% (weaker than 75% of peers).Earnings per share growth -25.1% vs peers 8.8% (weaker than 75% of peers).
How profitable is Turkcell Iletisim Hizmetleri A.S.?: More profitable than most of its peers. Profitability scores 62/100 against 512 communication services peers. Operating margin 15.9% vs a peer median of 8.2% (stronger than 71% of peers).Operating margin 15.9% vs peers 8.2% (stronger than 71% of peers).
How risky is Turkcell Iletisim Hizmetleri A.S.?: Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Debt / equity 0.69× vs a peer median of 0.37× (weaker than 63% of peers).Debt / equity 0.69× vs peers 0.37× (weaker than 63% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 17, 2026 · compared with the year ended Dec 31, 2024

Got stronger

Operating margin rose 3.9 points to 15.9%
Debt up 52%

	Previous year	Latest year	Change
Revenue (12 months)	166.7B TRY	241.5B TRY	+44.9%
Net income (12 months)	23.5B TRY	17.6B TRY	−25.2%
Operating margin	11.9%	15.9%	+3.9 pts
Free cash flow (12 months)	32.6B TRY	52.7B TRY	+61.7%
Debt	104.3B TRY	158.6B TRY	+52.0%
Cash	68.9B TRY	91.8B TRY	+33.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in TRY, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	20.7%	12.6%	21.2%	24.7%	28.3%	▲ 3.6 pts
Operating margin	11.1%	3.2%	7.3%	11.9%	15.9%	▲ 3.9 pts
Net margin	6.6%	7.4%	11.7%	14.1%	7.3%	▼ 6.8 pts
Return on assets (ROA)	4.7%	4.2%	6.7%	6.8%	3.5%	▼ 3.3 pts
Return on equity (ROE)	10.9%	9.1%	13.4%	12.6%	6.8%	▼ 5.8 pts
Free cash flow margin	40.1%	28.8%	25.7%	19.5%	21.8%	▲ 2.3 pts
Current ratio	1.72×	1.59×	1.78×	1.25×	1.70×	▲ 36%
Quick ratio	1.70×	1.58×	1.77×	1.24×	1.69×	▲ 36%
Debt to equity	0.92×	0.81×	0.69×	0.56×	0.61×	▲ 9.6%
Interest coverage	0.57×	0.25×	0.39×	1.17×	1.74×	▲ 48%

TKC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Stock pay outran buybacks. Stock-based pay expense TRY 3.3B vs TRY 783M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Turkcell Iletisim Hizmetleri A.S. recorded TRY 3.3B of stock-based pay expense and spent TRY 783M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Turkcell Iletisim Hizmetleri A.S. recorded TRY 3.3B of stock-based pay expense and spent TRY 783M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Operating margin at a 6-year high. 16% in 2025, the best of the last 6 years.

Turkcell Iletisim Hizmetleri A.S. kept 16% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +79%, operating profit +799%.Since 2022: revenue +79%, operating profit +799%.

Since 2022, Turkcell Iletisim Hizmetleri A.S.'s revenue grew 79% while operating profit grew 799%: each extra dollar of sales is adding more profit.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Turkcell Iletisim Hizmetleri A.S.

Is Turkcell Iletisim Hizmetleri A.S. getting weaker?

Its latest SEC filing (Apr 17, 2026) got stronger: operating margin rose 3.9 points to 15.9%; debt up 52%. Its overall score is 59/100, down 1 since Oct 28, 2026.

How is Turkcell Iletisim Hizmetleri A.S. valued vs its peers?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

Is Turkcell Iletisim Hizmetleri A.S. growing?

Yes, faster than most of its peers. Growth scores 70/100 against 512 communication services peers. 3-year revenue growth 21.4% vs a peer median of 3.0% (stronger than 90% of peers).3-year revenue growth 21.4% vs peers 3.0% (stronger than 90% of peers). Earnings per share growth -25.1% vs a peer median of 8.8% (weaker than 75% of peers).Earnings per share growth -25.1% vs peers 8.8% (weaker than 75% of peers).

How profitable is Turkcell Iletisim Hizmetleri A.S.?

More profitable than most of its peers. Profitability scores 62/100 against 512 communication services peers. Operating margin 15.9% vs a peer median of 8.2% (stronger than 71% of peers).Operating margin 15.9% vs peers 8.2% (stronger than 71% of peers).

How risky is Turkcell Iletisim Hizmetleri A.S.?

Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Debt / equity 0.69× vs a peer median of 0.37× (weaker than 63% of peers).Debt / equity 0.69× vs peers 0.37× (weaker than 63% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

166.7B TRY

241.5B TRY

+44.9%

Net income (12 months)

23.5B TRY

17.6B TRY

−25.2%

Operating margin

11.9%

15.9%

+3.9 pts

Free cash flow (12 months)

32.6B TRY

52.7B TRY

+61.7%

Debt

104.3B TRY

158.6B TRY

+52.0%

Cash

68.9B TRY

91.8B TRY

+33.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

20.7%

12.6%

21.2%

24.7%

28.3%

▲ 3.6 pts

Operating margin

11.1%

3.2%

7.3%

11.9%

15.9%

▲ 3.9 pts

Net margin

6.6%

7.4%

11.7%

14.1%

7.3%

▼ 6.8 pts

Return on assets (ROA)

4.7%

4.2%

6.7%

6.8%

3.5%

▼ 3.3 pts

Return on equity (ROE)

10.9%

9.1%

13.4%

12.6%

6.8%

▼ 5.8 pts

Free cash flow margin

40.1%

28.8%

25.7%

19.5%

21.8%

▲ 2.3 pts

Current ratio

1.72×

1.59×

1.78×

1.25×

1.70×

▲ 36%

Quick ratio

1.70×

1.58×

1.77×

1.24×

1.69×

▲ 36%

Debt to equity

0.92×

0.81×

0.69×

0.56×

0.61×

▲ 9.6%

Interest coverage

0.57×

0.25×

0.39×

1.17×

1.74×

▲ 48%