B 
Bunzl plc BNZL.L · GBp
Industrials · Trading Companies & Distributors · LSE · 🇬🇧 United Kingdom
FTSE 100
2,862.00p
-2.12%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£11.85bn
FY2016FY2025
Net income
£459.2m
FY2016FY2025
Free cash flow
£765.1m
FY2016FY2025
Shareholders' equity
£2.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £11.85bn | £11.78bn | £11.80bn | £12.04bn | £10.29bn | £10.11bn | £9.33bn | £9.08bn | £8.58bn | £7.43bn |
| Research and development | — | — | £1.4m | £400,000 | — | — | — | — | — | — |
| Operating income | £755.8m | £799.3m | £789.1m | £753.9m | £643.1m | £676.7m | £538.7m | £500.2m | £490.9m | £442.4m |
| Net income | £459.2m | £500.4m | £526.2m | £474.4m | £442.8m | £430.0m | £349.2m | £326.5m | £310.5m | £265.9m |
| Diluted earnings per share | 1.41 | 1.49 | 1.56 | 1.41 | 1.31 | 1.28 | 1.05 | 0.97 | 0.94 | 0.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £8.57bn | £9.53bn | £8.75bn | £8.85bn | £7.20bn | £6.91bn | £5.98bn | £5.56bn | £5.19bn | £4.51bn |
| Cash and short-term investments | £540.1m | £1.43bn | £1.43bn | £1.50bn | £776.9m | £944.3m | £610.5m | £477.7m | £333.6m | £282.4m |
| Total liabilities | £5.78bn | £6.74bn | £5.78bn | £6.13bn | £4.99bn | £4.99bn | £4.24bn | £3.86bn | £3.74bn | £3.19bn |
| Debt | £2.90bn | £3.72bn | £3.09bn | £3.13bn | £2.59bn | £2.71bn | £2.35bn | £1.86bn | £1.87bn | £1.53bn |
| Shareholders' equity | £2.79bn | £2.79bn | £2.97bn | £2.72bn | £2.20bn | £1.92bn | £1.74bn | £1.69bn | £1.45bn | £1.31bn |
| Shares outstanding | 326m | 336m | 337m | 337m | 337m | 336m | 334m | 335m | 331m | 334m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £836.6m | £910.9m | £904.0m | £951.6m | £733.1m | £790.2m | £669.3m | £480.0m | £475.6m | £406.5m |
| Capital spending | −£71.5m | −£54.4m | −£58.3m | −£46.7m | −£32.7m | −£33.1m | −£36.9m | −£21.9m | −£26.3m | −£18.1m |
| Free cash flow | £765.1m | £856.5m | £845.7m | £904.9m | £700.4m | £757.1m | £632.4m | £458.1m | £449.3m | £388.4m |
| Dividends paid | −£242.2m | −£228.6m | −£209.7m | −£190.5m | −£180.4m | −£171.5m | −£167.3m | −£152.2m | −£138.2m | −£125.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £5.93bn | £6.09bn | £2.88bn | £6.06bn | £5.71bn | £5.89bn | £5.91bn | £6.39bn |
| Operating income | £351.2m | £605.5m | £150.3m | £449.7m | £349.6m | £429.3m | £359.8m | £374.1m |
| Net income | £211.3m | £368.3m | £91.0m | £301.7m | £198.7m | £289.0m | £237.2m | £252.8m |
| Diluted earnings per share | 0.66 | 1.13 | 0.28 | 0.90 | 0.59 | 0.86 | 0.70 | 0.75 |
| Cash from operations | £468.0m | £469.0m | £366.0m | £439.0m | £440.0m | £470.0m | £380.0m | £579.0m |
| Capital spending | −£26.0m | −£37.0m | −£17.0m | −£29.0m | −£24.0m | −£32.0m | −£25.0m | −£27.0m |
| Free cash flow | £442.0m | £432.0m | £349.0m | £410.0m | £416.0m | £438.0m | £355.0m | £552.0m |
| Total assets | £8.73bn | £8.57bn | £8.27bn | £9.53bn | £9.30bn | £8.75bn | £8.44bn | £8.85bn |
| Cash and short-term investments | £598.1m | £540.1m | £481.0m | £1.43bn | £1.38bn | £1.43bn | £1.48bn | £1.50bn |
| Debt | £2.16bn | £2.34bn | £2.19bn | £3.15bn | £2.81bn | £2.57bn | £2.55bn | £2.71bn |
| Shareholders' equity | £2.83bn | £2.79bn | £2.55bn | £2.79bn | £2.83bn | £2.97bn | £2.63bn | £2.72bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.4% | 7.1% | 7.1% | 5.9% | 6.1% | 6.2% |
| Net margin | 3.9% | 4.2% | 4.5% | 3.9% | 4.3% | 4.3% |
| Return on equity | 16.5% | 18.0% | 17.7% | 17.4% | 20.1% | 22.4% |
| Return on assets | 5.4% | 5.3% | 6.0% | 5.4% | 6.2% | 6.2% |
| Free cash flow yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Revenue growth | 0.6% | -0.2% | -2.0% | 17.1% | 1.7% | 8.4% |
| Earnings growth | -8.2% | -4.9% | 10.9% | 7.1% | 3.0% | 23.1% |
| Current ratio | 1.39x | 1.18x | 1.40x | 1.40x | 1.34x | 1.42x |
| Debt to equity | 0.84x | 1.13x | 0.87x | 0.99x | 1.01x | 1.22x |
| Equity ratio | 32.5% | 29.3% | 33.9% | 30.8% | 30.6% | 27.8% |
| Interest coverage | 4.70x | 5.13x | 6.07x | 8.80x | 9.89x | 9.12x |
| R&D as a share of sales | — | — | 0.0% | 0.0% | — | — |
| Buybacks as a share of market value | 2.9% | 0.2% | 0.0% | 0.1% | -0.4% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 3.2% | 6.2% |
| Operating income | 0.1% | 2.2% | 7.0% |
| Net income | -1.1% | 1.3% | 7.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.6% | 6.5% | 6.5% | 6.2% |
| Net margin | 4.1% | 4.1% | 4.2% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 22.1 | 20.4 | 19.6 | 22.0 | 19.1 | 19.8 | 24.3 | 22.1 | 26.5 |
| Price to sales | 0.6 | 0.9 | 0.9 | 0.8 | 0.9 | 0.8 | 0.7 | 0.9 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 21 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.539 | 0.74 | 0.702 | 0.636 | 0.581 | 0.545 | 0.516 | 0.505 |
- 1.006-to-1 reverse split · 6 Jun 2005
- 1-to-1 reverse split · 2 Dec 2004
- 1-to-1 reverse split · 24 Nov 2004
- 1-to-1 reverse split · 9 Feb 2004
- 1-to-1 reverse split · 31 Oct 2003
- 1-to-1 reverse split · 1 Jul 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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