BAE Systems plc (LON:BA)
United Kingdom flag United Kingdom · Delayed Price · Currency is GBP · Price in GBX
2,088.00
+63.00 (3.11%)
Oct 29, 2026, 3:49 PM GMT

BAE Systems Financials Overview

Millions GBP. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 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 Year
TTMFY 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 Year
CurrentFY 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 Year
TTMFY 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 Year
TTMFY 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 Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.3780.3630.3300.3000.2700.251
Dividend Per Share Growth
10.85%10.00%10.00%11.11%7.57%5.91%
Dividend Yield
1.81%2.13%2.89%2.70%3.15%4.56%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
29.9124.7517.5218.0916.529.89
Forward PE
22.5421.0315.5916.7014.7411.04
P/FCF Ratio
12.1920.3111.6811.4511.739.00
PS Ratio
1.951.801.301.461.240.89