BAE Systems plc (LON:BA)
London flag London · Delayed Price · Currency is GBP · Price in GBX
1,979.00
-8.50 (-0.43%)
Sep 3, 2026, 4:58 PM GMT

BAE Systems Financials Overview

Millions GBP. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
29,38028,33626,31223,07821,25819,521
Revenue Growth
3.68%7.69%14.01%8.56%8.90%1.27%
Gross Profit
3,9123,7443,4262,9992,7742,503
Operating Income
2,9112,7502,4732,3612,0821,844
Net Income
2,1132,0621,9561,8571,5911,758
Earnings Per Share
0.700.680.640.600.510.55
EPS Growth
2.65%6.08%6.13%19.60%-7.68%35.06%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Electronic Systems
7,6067,3106,9885,2994,9424,390
Platforms & Services
5,2044,9484,2883,7963,5553,284
Air
7,6777,3186,8406,4846,2576,022
Maritime
6,6486,5075,9155,3054,4134,013
Cyber & Intelligence
2,2362,2452,2712,1942,0911,812
HQ
9810---
Revenue (Total)
-28,33626,31223,07821,25819,521

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,2003,4693,4274,1103,1302,925
Total Debt
9,1539,15910,3166,6996,9726,519
Net Cash (Debt)
-4,953-5,690-6,889-2,589-3,842-3,594
Net Cash Growth
------
Net Cash Per Share
-1.64-1.88-2.26-0.84-1.22-1.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
5,6013,4323,9253,7602,8392,447
Capital Expenditures
-903-920-990-826-599-516
Free Cash Flow
4,6982,5122,9352,9342,2401,931
Free Cash Flow Growth
87.02%-14.41%0.03%30.98%16.00%147.25%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
13.31%13.21%13.02%13.00%13.05%12.82%
Operating Margin
9.91%9.71%9.40%10.23%9.79%9.45%
Pretax Margin
9.07%9.08%8.86%10.08%9.36%10.81%
Profit Margin
7.19%7.28%7.43%8.05%7.48%9.01%
FCF Margin
15.99%8.87%11.15%12.71%10.54%9.89%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.3630.3630.3300.3000.2700.251
Dividend Per Share Growth
10.85%10.00%10.00%11.11%7.57%5.91%
Dividend Yield
0.02%2.14%2.96%2.85%3.42%5.12%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
28.3524.7517.5218.0916.529.89
Forward PE
22.0421.0315.5916.7014.7411.04
P/FCF Ratio
11.9320.3111.6811.4511.739.00
PS Ratio
1.911.801.301.461.240.89