CompanyGraphWhat stands out
- Pays more per share than it earned over the last twelve months
At a glance
- Depends onMidstream position: 5 outgoing, 5 incoming connections
- ScaleLevered free cash flow is -$4.71B, lower than 95% of all stocks globally
- FinancialsLow earnings quality
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Sign inWhat the company actually pays, and whether its own cash supports it.
What stands out
- Pays more per share than it earned over the last twelve months
Dividends view
Yield
7.98%Below 5Y avg (8.89%)
Annual Rate
GBP 0.28Paid semi-annual
Payout Ratio
164.2%High
Payback Period
16.2 yr
Last Ex-Dividend
Mar 19, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
8.35BGBP11.40B · vs all stocks (USD)
Trailing P/E
28.92xvs Asset Management peers
Revenue (TTM)
7.34BGBP10.03B · vs all stocks (USD)
Profit Margin
4.11%vs Asset Management peers
Beta
0.9530xvs all stocks
52-Week Change
28.76%vs all stocks
Forward Annual Dividend Yield
7.98%vs all stocks
Market Capitalization
8.35BGBP11.40B · vs all stocks (USD)
Enterprise Value
10.33BGBP14.10B · vs all stocks (USD)
Trailing P/E
28.92xvs Asset Management peers
Forward P/E
10.96xvs Asset Management peers
Price to Sales (TTM)
1.14xvs Asset Management peers
Price to Book (MRQ)
2.63xvs Asset Management peers
Enterprise to Revenue
1.41xvs Asset Management peers
Enterprise to EBITDA
3.81xvs Asset Management peers
Profit Margin
4.11%vs Asset Management peers
Operating Margin
48.46%vs Asset Management peers
Return on Assets (TTM)
0.85%vs Asset Management peers
Return on Equity (TTM)
9.64%vs Asset Management peers
Revenue (TTM)
7.34BGBP10.03B · vs all stocks (USD)
Revenue per Share (TTM)
3.06GBPUpdated Aug 21, 2026Quarterly Revenue Growth
37.00%vs Asset Management peers
Gross Profit (TTM)
4.42BGBP6.03B · vs all stocks (USD)
EBITDA (TTM)
2.71BGBP3.70B · vs all stocks (USD)
Net Income (TTM)
302.00MGBP412.32M · vs all stocks (USD)
Operating Cash Flow (TTM)
953.00MGBP1.30B · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-3.45BGBP-4.71B · vs all stocks (USD)
Forward Annual Dividend Rate
0.2760GBPUpdated Aug 21, 2026Forward Annual Dividend Yield
7.98%vs all stocks
Trailing Annual Dividend Rate
0.2050GBPUpdated Aug 21, 2026Trailing Annual Dividend Yield
5.93%vs all stocks
5-Year Average Dividend Yield
8.89%vs all stocks
Payout Ratio
164.23%vs Asset Management peers
Minority Interest (Equity)
52.00MGBPFY2025 · Dec 31, 2025Revenue
21.71BGBPFY2025 · Dec 31, 2025Pre-tax Income
1.31BGBPFY2025 · Dec 31, 2025Income Tax Expense
996.00MGBPFY2025 · Dec 31, 2025Net Income
314.00MGBPFY2025 · Dec 31, 2025EBIT
1.77BGBPFY2025 · Dec 31, 2025Selling, General & Administrative
246.00MGBPFY2025 · Dec 31, 2025Other Operating Expenses
756.00MGBPFY2025 · Dec 31, 2025Non-operating Interest Expense
464.00MGBPFY2025 · Dec 31, 2025EPS (Basic)
0.1260GBPFY2025 · Dec 31, 2025EPS (Diluted)
0.1230GBPFY2025 · Dec 31, 2025Basic Shares Outstanding
2.40BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
2.40BSharesFY2025 · Dec 31, 2025Minority Interests (P&L)
-12.00MGBPFY2025 · Dec 31, 2025Operating Cash Flow
-3.02BGBPFY2025 · Dec 31, 2025Free Cash Flow
-3.18BGBPFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
4.90BGBPFY2025 · Dec 31, 2025Starting Profit (CF Statement)
1.31BGBPFY2025 · Dec 31, 2025Other Non-cash Items
-4.33BGBPFY2025 · Dec 31, 2025Capital Expenditures
-166.00MGBPFY2025 · Dec 31, 2025Net Acquisitions
14.00MGBPFY2025 · Dec 31, 2025Net Investing Cash Flow
-152.00MGBPFY2025 · Dec 31, 2025Long-term Debt Payments
0.00GBPFY2025 · Dec 31, 2025Common Dividends Paid
-482.00MGBPFY2025 · Dec 31, 2025Other Financing Charges
-4.00MGBPFY2025 · Dec 31, 2025Net Financing Cash Flow
-486.00MGBPFY2025 · Dec 31, 2025Shares Outstanding
2.38BSharesUpdated Aug 21, 2026Float Shares
1.79BSharesUpdated Aug 21, 2026% Held by Insiders
17.50%vs all stocks
% Held by Institutions
48.70%vs all stocks
Total Cash (MRQ)
4.90BGBP6.70B · vs all stocks (USD)
Total Cash per Share (MRQ)
2.06GBPUpdated Aug 21, 2026Total Debt (MRQ)
6.91BGBP9.44B · vs all stocks (USD)
Total Debt to Equity (MRQ)
2.17xvs Asset Management peers
Current Ratio (MRQ)
1.42xvs Asset Management peers
Book Value per Share (MRQ)
1.32GBPUpdated Aug 21, 2026Total Assets
190.60BGBP260.23B · vs all stocks (USD)
Total Liabilities
187.41BGBPFY2025 · Dec 31, 2025Cash & Cash Equivalents
4.90BGBPFY2025 · Dec 31, 2025Accounts Payable
2.86BGBPFY2025 · Dec 31, 2025Short-term Debt
40.00MGBPFY2025 · Dec 31, 2025Long-term Debt
6.87BGBPFY2025 · Dec 31, 2025Common Stock (Book)
121.00MGBPFY2025 · Dec 31, 2025Retained Earnings
14.28BGBPFY2025 · Dec 31, 2025Total Shareholders' Equity
3.19BGBP4.35B · vs all stocks (USD)
Treasury Stock
6.00MGBPFY2025 · Dec 31, 202552-Week Low
247.00GBXUpdated Aug 21, 202652-Week High
367.10GBXUpdated Aug 21, 202652-Week Change
28.76%vs all stocks
Beta
0.9530xvs all stocks
50-Day MA
345.27GBXUpdated Aug 21, 2026200-Day MA
307.62GBXUpdated Aug 21, 2026Avg 10-Day Volume
6.15MSharesUpdated Aug 21, 2026Avg 30-Day Volume
5.11MSharesUpdated Aug 21, 2026Diluted EPS (TTM)
0.1200GBPUpdated Aug 21, 2026Other Income / Expense
0.00GBPFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Pays more per share than it earned over the last twelve monthsSignificant
Payout Ratio: 1.64Dividend per Share: 0.20Earnings per Share: 0.12
Significant cash reserves alongside high leverageNotable
Cash (USD): 6,695,480,240Total Debt (USD): 9,437,022,720Debt-to-Equity: 2.17
Financial Health
Low earnings qualitySignificant
Earnings Quality Score: -2.94
Supply Chain
Midstream position: 5 outgoing, 5 incoming connectionsNotable
Outgoing: 5.00Incoming: 5.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Levered free cash flow is -$4.71B, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -4,714,244,777.172Global P5: -209,298,741.335
Market cap is $11.4B, above the global median of $1.18BNotable
Market cap (USD): 11,401,387,224.443Global Median: 1,179,398,897.704
Revenue is $10.03B, above the global median of $534.05MNotable
Revenue (USD): 10,026,836,640Global Median: 534,052,387.958
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