| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | £14.21B | +0.3% |
| Gross Profit | £8.63B | +0.5% |
| EBITDA | £4.97B | +33.2% |
| Net Income | £3.18B | +123.1% |
| Diluted EPS | £4.67 | +129.9% |
| Free Cash Flow | £1.76B | −23.8% |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | 44.3% |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20232023-12-31 | — | — | reported |
| FY20222022-12-31 | — | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 60.28% | 58.00% | 57.85% | 59.97% | 60.66% | 60.78% | 92% | |
| Operating Margin | 15.44% | −6.08% | 22.48% | 17.33% | 17.11% | 29.69% | 92% | |
| EBITDA Margin | 25.85% | −2.44% | 26.68% | 26.16% | 26.35% | 35.01% | 92% | |
| NOPAT Margin | 9.50% | −4.80% | 17.27% | 11.89% | 11.65% | 24.78% | 92% | |
| Net Margin | 8.48% | −0.24% | 16.12% | 11.25% | 10.06% | 22.40% | 92% | |
| FCF Margin | — | 10.00% | 14.08% | 15.66% | 16.32% | 12.40% | 30% | |
| FCFF Margin | — | — | 15.63% | 17.26% | 18.25% | 14.92% | 13% | |
| FCFE Margin | — | 2.40% | 3.47% | 14.18% | 16.89% | 10.81% | 50% | |
| OCF Margin | — | 12.82% | 16.58% | 18.05% | 18.93% | 16.17% | 30% | |
| Gross Profitability | 26.96% | 28.49% | 29.09% | 32.28% | 33.98% | 34.44% | 92% | |
| Capex Intensity | 2.82% | 2.82% | 2.50% | 2.38% | 2.61% | 3.77% | 92% | |
| ▸Returns on Capital · 6 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||
| ▸Earnings quality · 7 ratios | ||||||||
| ▸Liquidity & coverage · 7 ratios | ||||||||
| ▸Leverage · 9 ratios | ||||||||
| ▸Working capital · 7 ratios | ||||||||
| ▸Capital allocation · 5 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
The five drivers multiply to 40.9% vs reported ROE 44.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | £13.99B | £13.23B | £14.45B | £14.61B | £14.17B | £14.21B |
| YoY % | -5.4% | +9.2% | +1.1% | -3.0% | +0.3% | |
| Cost of Revenue | £5.56B | £5.56B | £6.09B | £5.85B | £5.57B | £5.57B |
| YoY % | 0.0% | +9.6% | -4.0% | -4.7% | -0.1% | |
| Gross Profit | £8.44B | £7.68B | £8.36B | £8.76B | £8.60B | £8.63B |
| YoY % | -9.0% | +8.9% | +4.8% | -1.9% | +0.5% | |
| Operating Income | £2.16B | -£804.0M | £3.25B | £2.53B | £2.42B | £4.22B |
| YoY % | -22.1% | -4.2% | +73.9% | |||
| Interest Expense | — | — | £291.0M | £340.0M | £402.0M | £430.0M |
| YoY % | +16.8% | +18.2% | +7.0% | |||
| Interest & Investment Income | — | — | £130.0M | £210.0M | £81.0M | £51.0M |
| YoY % | +61.5% | -61.4% | -37.0% | |||
| Equity Method Income | -£1.0M | -£3.0M | -£2.0M | £0 | — | — |
| Pretax Income | £1.87B | -£260.0M | £3.07B | £2.40B | £2.10B | £3.84B |
| YoY % | -21.7% | -12.4% | +82.4% | |||
| Income Tax | £720.0M | -£208.0M | £711.0M | £753.0M | £672.0M | £635.0M |
| YoY % | +5.9% | -10.8% | -5.5% | |||
| Income from Continuing Operations | £1.15B | -£52.0M | £2.36B | £1.65B | £1.43B | £3.20B |
| YoY % | -30.1% | -13.1% | +123.7% | |||
| Income from Discontinued Operations | £50.0M | £31.0M | -£7.0M | £9.0M | -£4.0M | -£16.0M |
| YoY % | -38.0% | |||||
| Net Income (incl. NCI) | £1.20B | -£21.0M | £2.35B | £1.66B | £1.43B | £3.19B |
| YoY % | -29.5% | -13.8% | +123.2% | |||
| Minority Interest (P&L) | £16.0M | £11.0M | £19.0M | £14.0M | £2.0M | £5.0M |
| YoY % | -31.3% | +72.7% | -26.3% | -85.7% | +150.0% | |
| Net Income | £1.19B | -£32.0M | £2.33B | £1.64B | £1.43B | £3.18B |
| YoY % | -29.5% | -13.2% | +123.1% | |||
| EPS (Basic) | £1.67 | -£0.04 | £3.26 | £2.29 | £2.04 | £4.68 |
| YoY % | -29.6% | -11.2% | +130.0% | |||
| EPS (Diluted) | £1.66 | -£0.04 | £3.25 | £2.29 | £2.03 | £4.67 |
| YoY % | -29.6% | -11.1% | +129.9% |
Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
