BAE Systems plc (LON:BA)
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 Income Statement
Financials in millions GBP. Fiscal year is January - December.
Millions GBP. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 29,380 | 28,336 | 26,312 | 23,078 | 21,258 | 19,521 | |
Revenue Growth | 7.20% | 7.69% | 14.01% | 8.56% | 8.90% | 1.27% |
Cost of Revenue | 25,468 | 24,592 | 22,886 | 20,079 | 18,484 | 17,018 |
Gross Profit | 3,912 | 3,744 | 3,426 | 2,999 | 2,774 | 2,503 |
Selling, General & Admin | -21 | -19 | 15 | -11 | 37 | 65 |
Amortization of Goodwill & Intangibles | 470 | 470 | 422 | 218 | 215 | 188 |
Other Operating Expenses | -138 | -147 | -147 | -133 | -109 | -107 |
Operating Expenses | 1,001 | 994 | 953 | 638 | 692 | 659 |
Operating Income | 2,911 | 2,750 | 2,473 | 2,361 | 2,082 | 1,844 |
Interest Expense | -488 | -504 | -555 | -339 | -269 | -249 |
Interest & Investment Income | 96 | 81 | 117 | 131 | 35 | 39 |
Earnings From Equity Investments | 212 | 194 | 213 | 208 | 180 | 139 |
Currency Exchange Gain (Loss) | -112 | -10 | 90 | 210 | -524 | 35 |
Other Non Operating Income (Expenses) | 12 | 26 | -23 | -290 | 400 | -39 |
EBT Excluding Unusual Items | 2,631 | 2,537 | 2,315 | 2,281 | 1,904 | 1,769 |
Merger & Restructuring Charges | -22 | -22 | -72 | -20 | -16 | -3 |
Gain (Loss) on Sale of Investments | 12 | 12 | 94 | - | 7 | - |
Gain (Loss) on Sale of Assets | - | - | -6 | 10 | 97 | 350 |
Asset Writedown | -13 | -13 | -12 | -5 | -3 | -19 |
Other Unusual Items | 58 | 58 | 13 | 60 | - | 13 |
Pretax Income | 2,666 | 2,572 | 2,332 | 2,326 | 1,989 | 2,110 |
Income Tax Expense | 472 | 421 | 291 | 386 | 315 | 198 |
Earnings From Continuing Operations | 2,194 | 2,151 | 2,041 | 1,940 | 1,674 | 1,912 |
Minority Interest in Earnings | -81 | -89 | -85 | -83 | -83 | -154 |
Net Income | 2,113 | 2,062 | 1,956 | 1,857 | 1,591 | 1,758 |
Net Income to Common | 2,113 | 2,062 | 1,956 | 1,857 | 1,591 | 1,758 |
Net Income Growth | 6.88% | 5.42% | 5.33% | 16.72% | -9.50% | 35.34% |
Shares Outstanding (Basic) | 2,994 | 2,997 | 3,013 | 3,031 | 3,112 | 3,187 |
Shares Outstanding (Diluted) | 3,026 | 3,031 | 3,053 | 3,072 | 3,153 | 3,211 |
Shares Change | -0.46% | -0.72% | -0.62% | -2.57% | -1.81% | 0.03% |
EPS (Basic) | 0.71 | 0.69 | 0.65 | 0.61 | 0.51 | 0.55 |
EPS (Diluted) | 0.70 | 0.68 | 0.64 | 0.60 | 0.51 | 0.55 |
EPS Growth | 7.21% | 6.08% | 6.13% | 19.60% | -7.68% | 35.06% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 4,698 | 2,512 | 2,935 | 2,934 | 2,240 | 1,931 |
Free Cash Flow Per Share | 1.55 | 0.83 | 0.96 | 0.95 | 0.71 | 0.60 |
Dividend Per Share | 0.378 | 0.363 | 0.330 | 0.300 | 0.270 | 0.251 |
Dividend Growth | 10.85% | 10.00% | 10.00% | 11.11% | 7.57% | 5.91% |
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% |
Profit Margin | 7.19% | 7.28% | 7.43% | 8.05% | 7.48% | 9.01% |
Free Cash Flow Margin | 15.99% | 8.87% | 11.15% | 12.71% | 10.54% | 9.89% |
EBITDA | 3,753 | 3,588 | 3,251 | 2,822 | 2,521 | 2,224 |
EBITDA Margin | 12.77% | 12.66% | 12.36% | 12.23% | 11.86% | 11.39% |
D&A For EBITDA | 842 | 838 | 778 | 461 | 439 | 380 |
EBIT | 2,911 | 2,750 | 2,473 | 2,361 | 2,082 | 1,844 |
EBIT Margin | 9.91% | 9.71% | 9.40% | 10.23% | 9.79% | 9.45% |
Effective Tax Rate | 17.70% | 16.37% | 12.48% | 16.59% | 15.84% | 9.38% |