F 
2,638.00p
+4.97%
Close of 9 Nov 2026, in pence
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$4.61bn
FY2016FY2025
Net income
$1.41bn
FY2016FY2025
Free cash flow
$1.98bn
FY2016FY2025
Shareholders' equity
$4.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.61bn | $3.50bn | $2.71bn | $2.43bn | $2.70bn | $2.43bn | $2.12bn | $2.10bn | $2.09bn | $1.91bn |
| Gross profit | $2.47bn | $1.24bn | $503.2m | $536.0m | $936.9m | $879.4m | $461.7m | $780.7m | $925.4m | $882.1m |
| Operating income | $2.27bn | $945.8m | $142.5m | $283.6m | $666.7m | $649.7m | $218.2m | $506.7m | $743.0m | $709.5m |
| Net income | $1.41bn | $140.9m | $233.9m | $271.9m | $421.2m | $374.1m | $204.0m | $349.8m | $560.6m | $427.0m |
| Diluted earnings per share | 1.92 | 0.19 | 0.32 | 0.37 | 0.57 | 0.51 | 0.28 | 0.47 | 0.76 | 0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $7.28bn | $5.88bn | $5.74bn | $5.91bn | $5.77bn | $5.67bn | $4.83bn | $4.76bn | $4.74bn | $4.29bn |
| Cash and short-term investments | $2.76bn | $1.30bn | $534.6m | $969.1m | $1.24bn | $1.07bn | $336.6m | $560.8m | $876.0m | $912.0m |
| Total liabilities | $2.21bn | $1.67bn | $1.67bn | $2.00bn | $1.96bn | $2.06bn | $1.55bn | $1.63bn | $1.67bn | $1.57bn |
| Debt | — | $853.5m | $949.0m | $1.28bn | $1.28bn | $1.23bn | $813.8m | $800.1m | $799.0m | $798.0m |
| Shareholders' equity | $4.63bn | $3.86bn | $3.77bn | $3.69bn | $3.62bn | $3.48bn | $3.14bn | $3.05bn | $3.01bn | $2.68bn |
| Shares outstanding | 737m | 737m | 737m | 737m | 737m | 737m | 737m | 737m | 737m | 737m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.39bn | $1.30bn | $425.9m | $502.2m | $895.1m | $917.7m | $435.9m | $588.4m | $761.5m | $898.0m |
| Capital spending | −$408.5m | −$370.5m | −$483.4m | −$592.1m | −$592.1m | −$412.3m | −$559.3m | −$668.7m | −$604.8m | −$434.1m |
| Free cash flow | $1.98bn | $929.3m | −$57.5m | −$89.9m | $303.1m | $505.4m | −$123.4m | −$80.3m | $156.7m | $463.9m |
| Dividends paid | −$668.0m | −$78.1m | −$108.4m | −$201.9m | −$245.6m | −$104.7m | −$142.2m | −$298.1m | −$236.6m | −$88.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.44bn | $2.59bn | $1.94bn | $2.01bn | $1.49bn | $1.36bn | $1.34bn | $1.17bn |
| Gross profit | $2.30bn | $1.50bn | $1.02bn | $844.2m | $392.4m | $217.1m | $282.7m | $167.2m |
| Operating income | $2.19bn | $1.39bn | $860.8m | $710.7m | $235.2m | $61.3m | $53.0m | $61.2m |
| Net income | $1.28bn | $995.0m | $393.8m | $62.3m | $78.6m | $169.2m | $64.7m | $154.5m |
| Diluted earnings per share | 1.74 | 1.35 | 0.53 | 0.08 | 0.11 | 0.23 | 0.09 | 0.21 |
| Cash from operations | $1.52bn | $1.25bn | $1.04bn | $900.0m | $399.0m | $220.0m | $205.0m | $107.0m |
| Capital spending | −$234.0m | −$238.0m | −$157.0m | −$200.0m | −$170.0m | −$255.0m | −$227.0m | −$293.0m |
| Free cash flow | $1.28bn | $1.01bn | $883.0m | $700.0m | $229.0m | −$35.0m | −$22.0m | −$186.0m |
| Total assets | $7.49bn | $7.28bn | $5.88bn | $5.88bn | $5.80bn | $5.74bn | $5.93bn | $5.91bn |
| Cash and short-term investments | $2.52bn | $2.76bn | $1.82bn | $1.30bn | $691.0m | $534.6m | $889.7m | $969.1m |
| Debt | $5.5m | $849.7m | $847.8m | $845.9m | $893.0m | $939.2m | $1.29bn | $1.27bn |
| Shareholders' equity | $5.15bn | $4.63bn | $3.79bn | $3.86bn | $3.83bn | $3.77bn | $3.62bn | $3.69bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 53.6% | 35.4% | 18.6% | 22.0% | 34.7% | 36.2% | — | — | — | — | — |
| Operating margin | 49.3% | 27.1% | 5.3% | 11.7% | 24.7% | 26.7% | — | — | — | — | — |
| Net margin | 30.7% | 4.0% | 8.6% | 11.2% | 15.6% | 15.4% | — | — | — | — | — |
| Return on equity | 30.5% | 3.7% | 6.2% | 7.4% | 11.6% | 10.8% | — | — | — | — | — |
| Return on assets | 19.4% | 2.4% | 4.1% | 4.6% | 7.3% | 6.6% | — | — | — | — | — |
| Free cash flow yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | — | — | — | — | — |
| Revenue growth | 31.8% | 29.3% | 11.2% | -10.0% | 11.2% | 14.6% | — | — | — | — | — |
| Earnings growth | 902.7% | -39.8% | -14.0% | -35.4% | 12.6% | 83.4% | — | — | — | — | — |
| Current ratio | 4.35x | 6.63x | 4.14x | 2.82x | 4.45x | 5.89x | — | — | — | — | — |
| Debt to equity | 0.18x | 0.22x | 0.25x | 0.34x | 0.35x | 0.35x | — | — | — | — | — |
| Equity ratio | 63.6% | 65.6% | 65.7% | 62.3% | 62.7% | 61.3% | — | — | — | — | — |
| Interest coverage | 48.18x | 13.43x | 1.69x | 3.60x | 10.95x | 8.14x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 6.1% | 5.8% | 5.8% | 7.4% | 16.1% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.7% | 13.7% | 12.3% |
| Operating income | 100.1% | 28.4% | 27.5% |
| Net income | 73.2% | 30.4% | 35.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.7% | 35.8% | 35.7% | 35.8% |
| Operating margin | 39.7% | 27.5% | 27.0% | 26.2% |
| Net margin | 19.2% | 15.6% | 15.5% | 15.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 23.4 | 40.7 | 23.8 | 29.4 | 21.1 | 30.4 |
| Price to sales | 7.2 | 1.6 | 2.1 | 3.3 | 3.3 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 23 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.797 | 0.35 | 0.084 | 0.118 | 0.22 | 0.237 | 0.113 | 0.151 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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