BAE Systems Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	27,406	26,312	23,078	21,258	19,521	19,277
Revenue Growth (YoY)	11.60%	14.01%	8.56%	8.90%	1.27%	5.31%
Cost of Revenue	25,113	24,106	20,917	19,269	17,743	17,686
Gross Profit	2,293	2,206	2,161	1,989	1,778	1,591
Other Operating Expenses	-423	-479	-412	-395	-611	-339
Total Operating Expenses	-423	-479	-412	-395	-611	-339
Operating Income	2,716	2,685	2,573	2,384	2,389	1,930
Interest Income	131	135	172	47	32	17
Interest Expense	-489	-488	-419	-442	-311	-351
Total Non-Operating Income (Expense)	-358	-353	-247	-395	-279	-334
Pretax Income	2,358	2,332	2,326	1,989	2,110	1,596
Provision for Income Taxes	294	291	386	315	198	225
Net Income	1,977	1,956	1,857	1,591	1,758	1,299
Minority Interest in Earnings	87	85	83	83	154	72
Net Income to Common	1,977	1,956	1,857	1,591	1,758	1,299
Net Income Growth	7.45%	5.33%	16.72%	-9.50%	35.34%	-11.99%
Shares Outstanding (Basic)	3,005	3,013	3,031	3,112	3,187	3,191
Shares Outstanding (Diluted)	3,040	3,053	3,072	3,153	3,211	3,210
Shares Change (YoY)	-0.69%	-0.62%	-2.57%	-1.81%	0.03%	0.28%
EPS (Basic)	0.66	0.65	0.61	0.51	0.55	0.41
EPS (Diluted)	0.65	0.64	0.60	0.51	0.55	0.41
EPS Growth	8.50%	6.13%	19.60%	-7.68%	35.06%	-12.15%
Free Cash Flow	2,261	2,935	2,934	2,240	1,931	781
Free Cash Flow Growth	-22.96%	0.03%	30.98%	16.00%	147.25%	-36.86%
Free Cash Flow Per Share	0.74	0.96	0.96	0.71	0.60	0.24
Dividends Per Share	0.341	0.330	0.300	0.270	0.251	0.237
Dividend Growth	3.33%	10.00%	11.11%	7.57%	5.91%	2.15%
Gross Margin	8.37%	8.38%	9.36%	9.36%	9.11%	8.25%
Operating Margin	9.91%	10.20%	11.15%	11.21%	12.24%	10.01%
Profit Margin	3.69%	7.76%	8.41%	7.87%	9.79%	7.11%
FCF Margin	8.25%	11.15%	12.71%	10.54%	9.89%	4.05%
EBITDA	3,890	3,782	3,360	3,151	3,109	2,605
EBITDA Margin	14.19%	14.37%	14.56%	14.82%	15.93%	13.51%
EBIT	2,716	2,685	2,573	2,384	2,389	1,930
EBIT Margin	9.91%	10.20%	11.15%	11.21%	12.24%	10.01%
Effective Tax Rate	12.47%	12.48%	16.60%	15.84%	9.38%	14.10%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.