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United Kingdom
In shortBae Systems PLC is profitable, generates cash and carries moderate debt, with revenue growing (+7.7% 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. | 10.3% | 51/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.3% | 49/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.6% | 88/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 12.8% | 86/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.99× | 16/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.62× | 77/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.32× | 77/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.99× | 43/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.37 | 7/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.1% | 68/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.66× | 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) | 0 of 5 | 100/100 |
| Revenue growth volatility | 4.5% | 94/100 |
| Operating margin volatility | 0.8% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 10.1% | 73/100 |
|---|---|---|
| EPS growth, 3-year average | 10.4% | 77/100 |
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.
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.
GBP millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 19,521 | 21,258 | 23,078 | 26,312 | 28,336 |
| Operating income | 2,389 | 2,384 | 2,573 | 2,685 | 2,925 |
| Interest expense | 311 | 442 | 419 | 488 | 488 |
| Pre-tax income | 2,110 | 1,989 | 2,326 | 2,332 | 2,572 |
| Income tax | 198 | 315 | 386 | 291 | 421 |
| Net income | 1,758 | 1,591 | 1,857 | 1,956 | 2,062 |
| Diluted EPS | £0.55 | £0.51 | £0.60 | £0.64 | £0.68 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.37 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
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