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United Kingdom
In shortTrainline PLC is profitable, generates cash and carries moderate debt, with revenue growing (+2.4% last year).
Financial health
Solid
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. | 27.0% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 17.6% | 91/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 32.8% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 19.8% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.63× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.11× | 49/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.03× | 85/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 10.11× | 82/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 25.7% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.46× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 4 | 50/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 92.7% | 0/100 |
| Operating margin volatility | 82.3% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 89.0% | 100/100 |
|---|---|---|
| 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 4 fiscal years from the company's annual reports.
GBP millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 67 | 189 | 442 | 453 |
| Cost of revenue | 18 | 36 | 90 | 79 |
| Gross profit | 49 | 153 | 352 | 374 |
| Operating income | (100) | (10) | 86 | 122 |
| Interest expense | 7.6 | 9.2 | 8.7 | 12 |
| Pre-tax income | (107) | (16) | 81 | 114 |
| Income tax | (15) | (3.6) | 23 | 35 |
| Net income | (91) | (12) | 58 | 80 |
| Diluted EPS | −£0.19 | −£0.02 | £0.13 | £0.19 |
Not computed: a required balance-sheet item is missing.
Not computed: it needs two consecutive complete years.
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: Feb 28, 2026 · Data updated Feb 28, 2026