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United Kingdom
In shortSpirax Group PLC is profitable, generates cash and carries moderate debt, with revenue growing (+2.3% 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. | 15.6% | 69/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 9.6% | 58/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 13.4% | 67/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.5% | 63/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.85× | 88/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.66× | 75/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.64× | 67/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.65× | 39/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.27 | 81/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.6% | 78/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.52× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 9.2% | 77/100 |
| Operating margin volatility | 3.2% | 80/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.9% | 27/100 |
|---|---|---|
| EPS growth, 3-year average | -10.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · 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 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,345 | 1,611 | 1,683 | 1,665 | 1,703 |
| Operating income | 321 | 319 | 284 | 305 | 265 |
| Interest expense | 9.8 | 16 | 51 | 57 | 47 |
| Pre-tax income | 315 | 308 | 245 | 259 | 227 |
| Income tax | 80 | 83 | 61 | 68 | 63 |
| Net income | 235 | 225 | 184 | 191 | 163 |
| Diluted EPS | £3.18 | £3.04 | £2.49 | £2.59 | £2.21 |
4.27 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: Dec 31, 2025 · Data updated Dec 31, 2025