S 
3,320.00p
+0.42%
Close of 9 Nov 2026, in pence
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in GBP, from our data supplier.
Revenue
£2.83bn
FY2017FY2026
Net income
£371.0m
FY2017FY2026
Free cash flow
−£972.0m
FY2017FY2026
Shareholders' equity
£1.84bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £2.83bn | £2.43bn | £2.34bn | £2.17bn | £1.94bn | £1.83bn | £1.84bn | £1.79bn | £1.70bn | £1.64bn |
| Research and development | £5.0m | — | £23.0m | £3.0m | £2.5m | £3.3m | £2.1m | £14.5m | £10.1m | £9.9m |
| Operating income | £950.0m | £599.5m | £472.9m | £574.0m | £556.0m | £527.3m | £585.6m | £559.1m | £524.3m | £500.5m |
| Net income | £371.0m | £229.4m | £140.2m | £132.2m | −£87.2m | £212.2m | £158.8m | £315.3m | £253.7m | £342.8m |
| Diluted earnings per share | 1.23 | 0.76 | 0.47 | 0.52 | -0.35 | 0.86 | 0.66 | 1.32 | 1.07 | 1.45 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £17.57bn | £15.91bn | £14.20bn | £12.24bn | £11.59bn | £11.09bn | £10.85bn | £10.20bn | £9.43bn | £9.04bn |
| Cash and short-term investments | £796.0m | £1.02bn | £953.2m | £34.2m | £115.4m | £56.2m | £48.6m | £41.0m | £51.1m | £44.6m |
| Total liabilities | £15.73bn | £14.14bn | £12.37bn | £11.27bn | £10.33bn | £9.95bn | £9.61bn | £9.04bn | £8.43bn | £8.11bn |
| Debt | £10.98bn | £9.70bn | £8.27bn | £7.30bn | £6.73bn | £6.62bn | £6.43bn | £6.05bn | £5.57bn | £5.28bn |
| Shareholders' equity | £1.84bn | £1.77bn | £1.83bn | £970.6m | £1.26bn | £1.14bn | £1.24bn | £1.16bn | £996.9m | £923.3m |
| Shares outstanding | 302m | 301m | 300m | 253m | 252m | 247m | 239m | 239m | 237m | 237m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £924.0m | £912.3m | £813.3m | £749.3m | £890.5m | £878.5m | £894.2m | £851.5m | £766.8m | £829.2m |
| Capital spending | −£1.90bn | −£1.59bn | −£1.17bn | −£739.7m | −£646.6m | −£636.6m | −£852.0m | −£782.1m | −£608.5m | −£519.2m |
| Free cash flow | −£972.0m | −£680.5m | −£356.4m | £9.6m | £243.9m | £241.9m | £42.2m | £69.4m | £158.3m | £310.0m |
| Dividends paid | −£371.0m | −£356.0m | −£301.4m | −£261.3m | −£254.5m | −£240.2m | −£228.4m | −£211.9m | −£197.0m | −£190.4m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.39bn | £1.44bn | £1.21bn | £1.22bn | £1.17bn | £1.17bn | £582.6m | £1.10bn |
| Operating income | £394.8m | £466.5m | £287.1m | £292.8m | £224.4m | £258.8m | £12.9m | £247.6m |
| Net income | £143.6m | £227.4m | £88.0m | £141.4m | £88.6m | £51.6m | — | £53.4m |
| Diluted earnings per share | 0.48 | 0.76 | 0.29 | 0.47 | 0.30 | 0.20 | 0.10 | 0.21 |
| Cash from operations | £412.0m | £654.0m | £357.0m | £554.0m | £306.0m | £506.0m | — | £244.0m |
| Capital spending | −£1.10bn | −£817.0m | −£910.0m | −£682.0m | −£687.0m | −£511.0m | — | −£443.0m |
| Free cash flow | −£689.0m | −£163.0m | −£553.0m | −£128.0m | −£381.0m | −£5.0m | — | −£199.0m |
| Total assets | £17.57bn | £17.25bn | £15.91bn | £14.95bn | £14.20bn | £12.86bn | — | £12.24bn |
| Cash and short-term investments | £796.0m | £1.45bn | £1.02bn | £1.06bn | £953.2m | £216.7m | £216.7m | £34.2m |
| Debt | £366.0m | £774.2m | £9.60bn | £25.1m | £8.15bn | £362.3m | £7.47bn | £7.20bn |
| Shareholders' equity | £1.84bn | £1.81bn | £1.77bn | £1.82bn | £1.83bn | £861.3m | £861.3m | £970.6m |
Financial ratios
Data as of 6 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 33.6% | 28.9% | 21.2% | 28.3% | 30.7% | 28.0% | — |
| Net margin | 13.1% | 9.5% | 6.0% | 6.1% | -4.5% | 11.6% | — |
| Return on equity | 20.2% | 13.0% | 7.6% | 13.6% | -6.9% | 18.6% | — |
| Return on assets | 2.1% | 1.4% | 1.0% | 1.1% | -0.8% | 1.9% | — |
| Free cash flow yield | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | — |
| Revenue growth | 16.7% | 3.8% | 8.0% | 11.4% | 6.4% | -0.9% | — |
| Earnings growth | 61.7% | 63.6% | 6.1% | -251.6% | -141.1% | 33.6% | — |
| Current ratio | 1.39x | 1.37x | 2.14x | 0.76x | 0.74x | 0.56x | — |
| Debt to equity | 0.20x | 5.42x | 4.45x | 7.42x | 5.24x | 5.71x | — |
| Equity ratio | 10.5% | 11.1% | 12.9% | 7.9% | 10.9% | 10.3% | — |
| Interest coverage | 2.70x | 1.84x | 1.31x | 1.40x | 2.01x | 2.38x | — |
| R&D as a share of sales | 0.2% | — | 1.0% | 0.1% | 0.1% | 0.2% | 0.1% |
| Buybacks as a share of market value | -0.3% | -0.4% | -18.8% | -0.2% | -2.3% | -3.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.4% | 9.2% | 4.9% |
| Operating income | 18.3% | 12.5% | 6.9% |
| Net income | 41.1% | 11.8% | 1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 29.5% | 26.6% | 27.2% | 28.5% |
| Net margin | 11.4% | 8.9% | 7.4% | 10.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.6 | 36.6 | 53.6 | 49.3 | -76.6 | 34.2 | 34.5 | 19.0 | 16.9 | 14.9 |
| Price to sales | 3.5 | 3.5 | 3.2 | 3.0 | 3.4 | 4.0 | 3.0 | 3.4 | 2.5 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 28 May 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.756 | 1.234 | 2.698 | 1.108 | 1.04 | 0.409 | 1.016 | 1.001 |
- 1.05-to-1 reverse split · 9 Oct 2006
- 1.005-to-1 reverse split · 11 Aug 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.