CompanyGraph
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
At a glance
- Depends onMidstream position: 6 outgoing, 8 incoming connections
- ScaleLevered free cash flow is -$1.11B, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 1.67: grey zone
- Interpretations3 currently firing — 3
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
1.97%Below 5Y avg (4.85%)
Annual Rate
GBP 0.13Paid unknown
Payout Ratio
24.4%Sustainable
Payback Period
50.8 yr
Last Ex-Dividend
Feb 19, 2026
The reported statements, read against the company's own industry.
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
Financials view
Market Capitalization
5.02BGBP6.85B · vs all stocks (USD)
Trailing P/E
12.41xvs Airlines peers
Revenue (TTM)
10.53BGBP14.37B · vs all stocks (USD)
Profit Margin
3.93%vs Airlines peers
Beta
1.72xvs all stocks
52-Week Change
31.41%vs all stocks
Forward Annual Dividend Yield
1.97%vs all stocks
Market Capitalization
5.02BGBP6.85B · vs all stocks (USD)
Enterprise Value
4.61BGBP6.29B · vs all stocks (USD)
Trailing P/E
12.41xvs Airlines peers
Forward P/E
18.12xvs Airlines peers
Price to Sales (TTM)
0.4761xvs Airlines peers
Price to Book (MRQ)
1.38xvs Airlines peers
Enterprise to Revenue
0.4370xvs Airlines peers
Enterprise to EBITDA
5.54xvs Airlines peers
Profit Margin
3.93%vs Airlines peers
Return on Assets (TTM)
2.79%vs Airlines peers
Return on Equity (TTM)
13.13%vs Airlines peers
Revenue (TTM)
10.53BGBP14.37B · vs all stocks (USD)
Revenue per Share (TTM)
14.00GBPUpdated Aug 21, 2026Quarterly Revenue Growth
11.90%vs Airlines peers
Gross Profit (TTM)
3.59BGBP4.91B · vs all stocks (USD)
EBITDA (TTM)
1.56BGBP2.14B · vs all stocks (USD)
Net Income (TTM)
414.00MGBP565.24M · vs all stocks (USD)
Operating Cash Flow (TTM)
1.39BGBP1.90B · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-813.12MGBP-1.11B · vs all stocks (USD)
Forward Annual Dividend Rate
0.1300GBPUpdated Aug 21, 2026Forward Annual Dividend Yield
1.97%vs all stocks
Trailing Annual Dividend Rate
0.1320GBPUpdated Aug 21, 2026Trailing Annual Dividend Yield
0.02%vs all stocks
5-Year Average Dividend Yield
4.85%vs all stocks
Payout Ratio
24.40%vs Airlines peers
Revenue
10.11BGBPFY2025 · Sep 30, 2025Cost of Goods Sold
8.41BGBPFY2025 · Sep 30, 2025Gross Profit
1.70BGBPFY2025 · Sep 30, 2025Operating Income
703.00MGBP959.81M · vs all stocks (USD)
Pre-tax Income
658.00MGBPFY2025 · Sep 30, 2025Income Tax Expense
164.00MGBPFY2025 · Sep 30, 2025Net Income
494.00MGBPFY2025 · Sep 30, 2025EBIT
815.00MGBPFY2025 · Sep 30, 2025EBITDA (Income Statement)
1.56BGBPFY2025 · Sep 30, 2025Selling, General & Administrative
273.00MGBPFY2025 · Sep 30, 2025Other Operating Expenses
754.00MGBPFY2025 · Sep 30, 2025Non-operating Interest Income
130.00MGBPFY2025 · Sep 30, 2025Non-operating Interest Expense
157.00MGBPFY2025 · Sep 30, 2025EPS (Basic)
0.6580GBPFY2025 · Sep 30, 2025EPS (Diluted)
0.6470GBPFY2025 · Sep 30, 2025Basic Shares Outstanding
751.00MSharesFY2025 · Sep 30, 2025Diluted Shares Outstanding
751.00MSharesFY2025 · Sep 30, 2025Net Income from Continuing Operations
696.00MGBPFY2025 · Sep 30, 2025Preferred Stock Dividends
0.00GBPFY2025 · Sep 30, 2025Operating Cash Flow
1.12BGBPFY2025 · Sep 30, 2025Free Cash Flow
214.00MGBPFY2025 · Sep 30, 2025Cash & Cash Equivalents (End of Period)
1.50BGBPFY2025 · Sep 30, 2025Starting Profit (CF Statement)
696.00MGBPFY2025 · Sep 30, 2025Stock-based Compensation
38.00MGBPFY2025 · Sep 30, 2025Other Non-cash Items
6.00MGBPFY2025 · Sep 30, 2025Change in Accounts Receivable (CF)
-53.00MGBPFY2025 · Sep 30, 2025Change in Other Assets/Liabilities
435.00MGBPFY2025 · Sep 30, 2025Capital Expenditures
-908.00MGBPFY2025 · Sep 30, 2025Net Intangibles (CF)
-89.00MGBPFY2025 · Sep 30, 2025Net Acquisitions
0.00GBPFY2025 · Sep 30, 2025Purchase of Investments
-26.00MGBPFY2025 · Sep 30, 2025Sale of Investments
151.00MGBPFY2025 · Sep 30, 2025Net Investing Cash Flow
-783.00MGBPFY2025 · Sep 30, 2025Long-term Debt Issuance
104.00MGBPFY2025 · Sep 30, 2025Long-term Debt Payments
-423.00MGBPFY2025 · Sep 30, 2025Other Financing Charges
-21.00MGBPFY2025 · Sep 30, 2025Net Financing Cash Flow
-388.00MGBPFY2025 · Sep 30, 2025Shares Outstanding
746.14MSharesUpdated Aug 21, 2026Float Shares
613.78MSharesUpdated Aug 21, 2026% Held by Insiders
17.81%vs all stocks
% Held by Institutions
55.51%vs all stocks
Total Cash (MRQ)
3.45BGBP4.70B · vs all stocks (USD)
Total Cash per Share (MRQ)
4.58GBPUpdated Aug 21, 2026Total Debt (MRQ)
3.01BGBP4.11B · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.8236xvs Airlines peers
Current Ratio (MRQ)
1.10xvs Airlines peers
Book Value per Share (MRQ)
4.86GBPUpdated Aug 21, 2026Total Assets
11.51BGBP15.71B · vs all stocks (USD)
Total Current Assets
4.63BGBPFY2025 · Sep 30, 2025Total Liabilities
8.01BGBPFY2025 · Sep 30, 2025Total Non-current Assets
6.88BGBPFY2025 · Sep 30, 2025Total Non-current Liabilities
3.86BGBPFY2025 · Sep 30, 2025Total Current Liabilities
4.15BGBPFY2025 · Sep 30, 2025Cash & Cash Equivalents
1.50BGBPFY2025 · Sep 30, 2025Other Short-term Investments
2.02BGBPFY2025 · Sep 30, 2025Accounts Receivable
130.00MGBPFY2025 · Sep 30, 2025Accounts Payable
366.00MGBPFY2025 · Sep 30, 2025Short-term Debt
257.00MGBPFY2025 · Sep 30, 2025Long-term Debt
2.67BGBPFY2025 · Sep 30, 2025Other Non-current Liabilities
18.00MGBPFY2025 · Sep 30, 2025Common Stock (Book)
207.00MGBPFY2025 · Sep 30, 2025Retained Earnings
1.08BGBPFY2025 · Sep 30, 2025Total Shareholders' Equity
3.50BGBP4.78B · vs all stocks (USD)
52-Week Low
332.60GBXUpdated Aug 21, 202652-Week High
683.80GBXUpdated Aug 21, 202652-Week Change
31.41%vs all stocks
Beta
1.72xvs all stocks
50-Day MA
603.93GBXUpdated Aug 21, 2026200-Day MA
477.90GBXUpdated Aug 21, 2026Avg 10-Day Volume
9.52MSharesUpdated Aug 21, 2026Avg 30-Day Volume
8.70MSharesUpdated Aug 21, 2026Diluted EPS (TTM)
0.5400GBPUpdated Aug 21, 20263 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
Reads
How does this company use capital?
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Reads
Multi-Year FCF With Growth And Margin
Three years of positive free cash flow and rising revenue, four of rising equity, and much of its sales turns into cash.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 0.12Receivables vs revenue divergence: 3.86
Financial Health
Altman Z-Score 1.67: grey zoneSignificant
Altman Z-Score: 1.67
High earnings qualityNotable
Earnings Quality Score: 1.21
High structural barrier to entryNotable
Barrier to Entry: 0.72
Supply Chain
Midstream position: 6 outgoing, 8 incoming connectionsNotable
Outgoing: 6.00Incoming: 8.00
High connectivity hub: 14 industry connectionsNotable
Total Connections: 14.00
Scale
Levered free cash flow is -$1.11B, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -1,110,167,682.828Global P5: -219,013,500
Market cap is $6.85B, above the global median of $1.15BNotable
Market cap (USD): 6,848,259,359.076Global Median: 1,146,734,693.424
Revenue is $14.37B, above the global median of $520.53MNotable
Revenue (USD): 14,371,253,234.76Global Median: 520,528,949.311
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Companies that share active interpretations — structural patterns currently present in both stocks.
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