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United Kingdom
In shortSouth32 Limited is profitable, generates cash and holds more cash than debt, with revenue stable (+0.6% 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. | 23.4% | 95/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 18.7% | 95/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.7% | 59/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.1% | 61/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.44× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.19× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.44× | 37/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.81 | 70/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.3% | 61/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.55× | 31/100 |
| 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 5 | 33/100 |
| Revenue growth volatility | 39.2% | 0/100 |
| Operating margin volatility | 22.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.0% | 22/100 |
|---|---|---|
| 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.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9,269 | 5,646 | 5,479 | 5,780 | 5,816 |
| Operating income | 3,724 | (466) | (735) | 554 | 1,359 |
| Interest expense | 110 | 198 | 233 | 194 | 250 |
| Pre-tax income | 3,693 | (444) | (746) | 619 | 1,367 |
| Income tax | 1,024 | 174 | (106) | 304 | 308 |
| Net income | 2,669 | (173) | (203) | 213 | 1,087 |
| Diluted EPS | $0.57 | −$0.04 | −$0.05 | $0.05 | $0.24 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
3.81 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.
6/9
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: Jun 30, 2026 · Data updated Jun 30, 2026