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United Kingdom
In shortJohnson Matthey PLC is loss-making, generates cash and carries moderate debt, with revenue growing (+14.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 1.3% | 21/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -0.8% | 17/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -4.5% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.8% | 25/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.56× | 63/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.67× | 74/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.01× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.88× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.23 | 55/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.0% | 28/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 4 | 17/100 |
| Revenue growth volatility | 17.2% | 47/100 |
| Operating margin volatility | 1.1% | 99/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -7.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
GBP millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15,435 | 16,025 | 14,933 | 11,022 | 12,573 |
| Cost of revenue | 14,481 | 14,971 | 13,939 | 10,338 | 11,944 |
| Gross profit | 954 | 1,054 | 994 | 684 | 629 |
| Operating income | 309 | 255 | 406 | 454 | 161 |
| Interest expense | 158 | 101 | 110 | 141 | 182 |
| Pre-tax income | – | – | – | 403 | 91 |
| Income tax | 30 | 79 | 80 | 93 | 182 |
| Net income | 205 | (101) | 276 | 373 | (96) |
| Diluted EPS | £1.06 | −£0.53 | £1.50 | £2.11 | −£0.57 |
3.23 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated Mar 31, 2026