| GBP | FY2025 | FY2024 | FY2023 | FY2023 |
|---|---|---|---|---|
| Revenue | 19.46B | 20.07B | 19.75B | 19.75B |
| YoY Growth | -3.1% | +1.6% | +0.0% | — |
| Gross Profit | 4.66B | 4.88B | 4.16B | 4.16B |
| Gross Margin | 23.9% | 24.3% | 21.1% | 21.1% |
| R&D | — | — | — | — |
| SG&A | 3.08B | 3.05B | 2.82B | 2.82B |
| EBIT | 1.58B | 1.83B | 1.34B | 1.34B |
| EBIT Margin | 8.1% | 9.1% | 6.8% | 6.8% |
| D&A | 988.00M | 949.00M | 886.00M | 886.00M |
| EBITDA | 2.65B | 3.13B | 2.48B | 2.48B |
| EBITDA Margin | 13.6% | 15.6% | 12.5% | 12.5% |
| Net Income | 1.02B | 1.46B | 1.04B | 1.04B |
| Net Margin | 5.3% | 7.2% | 5.3% | 5.3% |
| EPS (diluted) | £1.42 | £1.94 | £1.34 | £1.34 |
| Shares (dil., M) | 724 | 751 | 778 | 778 |
| Gross Margin | — |
|---|---|
| EBITDA Margin | 13.5% |
| EBIT Margin | 7.4% |
| Net Margin | 4.9% |
| FCF Margin | 5.5% |
| ROIC | 6.9% |
|---|---|
| ROCE | 9.4% |
| ROE | 8.6% |
| ROA | 4.9% |
| Asset Turnover | 1.01× |
| FCF / Net Income | 97.3% |
|---|---|
| SBC / Net Income | 1.8% |
| SBC / Revenue | 0.1% |
| Capex / D&A | 1.25× |
| Metric | 3yr |
|---|---|
| Revenue | -0.5% |
| EPS | 1.8% |
| FCF | 19.7% |
| Dividend | — |
| Float | 36.8% |
|---|---|
| Shares Out. | 701.6M |
| Insiders % | — |
| Institutions % | — |
| Institutions (of float) | — |
| Institution holders | — |
| Insider net buy 6M | — |
| Cash & ST Invest. | £1.1B |
|---|---|
| Total Debt | £3.7B |
| Net Cash / (Debt) | -£2.6B |
| Total Assets | £19.3B |
| Total Equity | £11.1B |
| Goodwill & Intang. | £1.9B |
| Tangible Book Value | £9.2B |
| NCAV (Graham) | -£2.0B |
| Tangible Book/sh | £13.07 |
| NCAV/sh | -£2.89 |
| D/E Ratio | 0.33× |
|---|---|
| Net Debt / EBITDA | 1.00× |
| Interest Coverage | 5.61× |
| Current Ratio | 1.54× |
| Quick Ratio | 0.72× |
| Capex | £1.2B |
|---|---|
| Capex / Revenue | 6.3% |
| SBC | £18.0M |
| Dividends Paid | £656.0M |
| Buybacks | £629.0M |
| Annual DPS | £0.63 |
|---|---|
| Yield (fwd) | 3.44% |
| Payout Ratio | 47.3% |
| Ex-div Date | 2026-05-28 |
| P/E vs 4Y | 13.8×vs 1505.1× median |
|---|---|
| Div yield vs 10Y | 344.0%vs 0.0% median |
| Gross Margin | — |
|---|---|
| EBITDA Margin | 13.5% |
| EBIT Margin | 7.4% |
| Net Margin | 4.9% |
| FCF Margin | 5.5% |
| ROIC | 6.9% |
|---|---|
| ROCE | 9.4% |
| ROE | 8.6% |
| ROA | 4.9% |
| Asset Turnover | 1.01× |
| FCF / Net Income | 97.3% |
|---|---|
| SBC / Net Income | 1.8% |
| SBC / Revenue | 0.1% |
| Capex / D&A | 1.25× |
| Metric | 3yr |
|---|---|
| Revenue | -0.5% |
| EPS | 1.8% |
| FCF | 19.7% |
| Dividend | — |
| Float | 36.8% |
|---|---|
| Shares Out. | 701.6M |
| Insiders % | — |
| Institutions % | — |
| Institutions (of float) | — |
| Institution holders | — |
| Insider net buy 6M | — |
| GBP | FY2025 | FY2024 | FY2023 | FY2023 |
|---|---|---|---|---|
| Revenue | 19.46B | 20.07B | 19.75B | 19.75B |
| YoY Growth | -3.1% | +1.6% | +0.0% | — |
| Gross Profit | 4.66B | 4.88B | 4.16B | 4.16B |
| Gross Margin | 23.9% | 24.3% | 21.1% | 21.1% |
| R&D | — | — | — | — |
| SG&A | 3.08B | 3.05B | 2.82B | 2.82B |
| EBIT | 1.58B | 1.83B | 1.34B | 1.34B |
| EBIT Margin | 8.1% | 9.1% | 6.8% | 6.8% |
| D&A | 988.00M | 949.00M | 886.00M | 886.00M |
| EBITDA | 2.65B | 3.13B | 2.48B | 2.48B |
| EBITDA Margin | 13.6% | 15.6% | 12.5% | 12.5% |
| Net Income | 1.02B | 1.46B | 1.04B | 1.04B |
| Net Margin | 5.3% | 7.2% | 5.3% | 5.3% |
| EPS (diluted) | £1.42 | £1.94 | £1.34 | £1.34 |
| Shares (dil., M) | 724 | 751 | 778 | 778 |
| Cash & ST Invest. | £1.1B |
|---|---|
| Total Debt | £3.7B |
| Net Cash / (Debt) | -£2.6B |
| Total Assets | £19.3B |
| Total Equity | £11.1B |
| Goodwill & Intang. | £1.9B |
| Tangible Book Value | £9.2B |
| NCAV (Graham) | -£2.0B |
| Tangible Book/sh | £13.07 |
| NCAV/sh | -£2.89 |
| D/E Ratio | 0.33× |
|---|---|
| Net Debt / EBITDA | 1.00× |
| Interest Coverage | 5.61× |
| Current Ratio | 1.54× |
| Quick Ratio | 0.72× |
| Capex | £1.2B |
|---|---|
| Capex / Revenue | 6.3% |
| SBC | £18.0M |
| Dividends Paid | £656.0M |
| Buybacks | £629.0M |
| Annual DPS | £0.63 |
|---|---|
| Yield (fwd) | 3.44% |
| Payout Ratio | 47.3% |
| Ex-div Date | 2026-05-28 |
| P/E vs 4Y | 13.8×vs 1505.1× median |
|---|---|
| Div yield vs 10Y | 344.0%vs 0.0% median |