Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
DEO · NYSE · United States · Beverages
In shortDIAGEO PLC is profitable, generates cash and carries heavy debt, with revenue growing (+4.8% 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. | 19.7% | 82/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 16.0% | 84/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 48.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 15.1% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.63× | 69/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.11× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.25× | 21/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.96× | 33/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.42 | 34/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.9% | 71/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.80× | 63/100 |
| 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 5 | 67/100 |
| Revenue growth volatility | 9.2% | 77/100 |
| Operating margin volatility | 3.6% | 77/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 9.9% | 72/100 |
|---|---|---|
| EPS growth, 3-year average | 40.0% | 100/100 |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years 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 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 19,294 | 17,697 | 19,153 | 22,448 | 23,515 |
| Cost of revenue | 4,866 | 4,654 | 5,038 | 5,973 | 6,899 |
| Gross profit | 8,001 | 7,098 | 7,695 | 9,479 | 10,214 |
| Research & development | 35 | 34 | 40 | 43 | 53 |
| Operating income | 4,042 | 2,137 | 3,731 | 4,409 | 4,632 |
| Interest expense | 705 | 719 | 651 | 919 | 934 |
| Pre-tax income | 4,235 | 2,043 | 3,706 | 4,387 | 4,736 |
| Income tax | 898 | 589 | 907 | 1,049 | 970 |
| Net income | 3,160 | 1,409 | 2,660 | 3,338 | 3,766 |
| Diluted EPS | £1.30 | £0.60 | £1.13 | £1.40 | £1.64 |
| Diluted shares (millions) | 2,428 | 2,354 | 2,345 | 2,325 | 2,271 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
2.42 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: SEC EDGAR. 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 Aug 14, 2025