Imperial Brands PLC

LSE:IMB Stock Report

Market Cap: UK£25.6b

Imperial Brands Past Earnings Performance

Past criteria checks 2/6

Imperial Brands has been growing earnings at an average annual rate of 1.4%, while the Tobacco industry saw earnings declining at 0.3% annually. Revenues have been growing at an average rate of 3% per year. Imperial Brands's return on equity is 40.9%, and it has net margins of 10.9%.

Key information

1.41%

Earnings growth rate

4.32%

EPS growth rate

Tobacco Industry Growth9.16%
Revenue growth rate2.99%
Return on equity40.87%
Net Margin10.91%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

If EPS Growth Is Important To You, Imperial Brands (LON:IMB) Presents An Opportunity

Oct 24
If EPS Growth Is Important To You, Imperial Brands (LON:IMB) Presents An Opportunity

Lacklustre Performance Is Driving Imperial Brands PLC's (LON:IMB) Low P/E

Oct 05
Lacklustre Performance Is Driving Imperial Brands PLC's (LON:IMB) Low P/E

Investors Shouldn't Overlook Imperial Brands' (LON:IMB) Impressive Returns On Capital

Sep 17
Investors Shouldn't Overlook Imperial Brands' (LON:IMB) Impressive Returns On Capital

Is Imperial Brands PLC (LON:IMB) Trading At A 44% Discount?

Jul 18
Is Imperial Brands PLC (LON:IMB) Trading At A 44% Discount?

Imperial Brands (LON:IMB) Seems To Use Debt Quite Sensibly

Jul 03
Imperial Brands (LON:IMB) Seems To Use Debt Quite Sensibly

Why Investors Shouldn't Be Surprised By Imperial Brands PLC's (LON:IMB) Low P/E

Jun 18
Why Investors Shouldn't Be Surprised By Imperial Brands PLC's (LON:IMB) Low P/E

Does Imperial Brands (LON:IMB) Deserve A Spot On Your Watchlist?

May 09
Does Imperial Brands (LON:IMB) Deserve A Spot On Your Watchlist?

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.4008

Apr 04
Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.4008

These 4 Measures Indicate That Imperial Brands (LON:IMB) Is Using Debt Reasonably Well

Mar 26
These 4 Measures Indicate That Imperial Brands (LON:IMB) Is Using Debt Reasonably Well

Imperial Brands (LON:IMB) Has Announced A Dividend Of £0.5426

Feb 03
Imperial Brands (LON:IMB) Has Announced A Dividend Of £0.5426

Increases to CEO Compensation Might Be Put On Hold For Now at Imperial Brands PLC (LON:IMB)

Jan 22
Increases to CEO Compensation Might Be Put On Hold For Now at Imperial Brands PLC (LON:IMB)

Why Investors Shouldn't Be Surprised By Imperial Brands PLC's (LON:IMB) Low P/E

Jan 17
Why Investors Shouldn't Be Surprised By Imperial Brands PLC's (LON:IMB) Low P/E

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.5426

Jan 02
Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.5426
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Calculated Moves In NGP And Buybacks Propel Expanding Profit Margins And Shareholder Value

Strategic focus and strong pricing in key markets enhance revenue growth and margins through brand and sales execution.

Revenue & Expenses Breakdown

How Imperial Brands makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:IMB Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2518,9842,0713,4120
30 Jun 2518,7572,3233,3780
31 Mar 2518,5302,5753,2740
31 Dec 2418,5082,5943,2430
30 Sep 2418,4862,6133,2110
30 Jun 2418,3342,3473,1170
31 Mar 2418,1822,0803,0920
31 Dec 2318,1302,2043,1010
30 Sep 2318,0772,3283,1090
30 Jun 2317,8371,9993,1110
31 Mar 2317,5961,6693,1130
31 Dec 2217,2521,6202,9830
30 Sep 2216,9071,5702,8530
30 Jun 2216,6821,7972,8890
31 Mar 2216,4572,0232,9240
31 Dec 2116,5102,4292,8090
30 Sep 2116,5622,8342,6940
30 Jun 2116,7632,8052,5310
31 Mar 2116,9632,7762,3670
31 Dec 2016,7822,1362,4000
30 Sep 2016,6001,4952,4330
30 Jun 2016,4681,1762,4920
31 Mar 2016,3368562,5510
31 Dec 1916,2689332,4970
30 Sep 1916,2001,0102,4420
30 Jun 1915,9321,2832,2680
31 Mar 1915,6631,5562,0930
31 Dec 1815,5151,4622,1180
30 Sep 1815,3661,3682,1430
30 Jun 1815,2581,2972,2640
31 Mar 1815,1491,2252,3850
31 Dec 1715,2151,3172,4220
30 Sep 1715,2801,4092,4590
30 Jun 1715,0401,2132,3770
31 Mar 1714,8001,0162,2950
31 Dec 1614,4508242,1920
30 Sep 1614,0996312,0890
30 Jun 1613,6648802,0320
31 Mar 1613,2281,1281,9740
31 Dec 1512,9661,4101,9250
30 Sep 1512,7041,6911,8760
30 Jun 1512,8671,8001,8860
31 Mar 1513,0301,9091,8950
31 Dec 1413,2811,6661,9300

Quality Earnings: IMB has high quality earnings.

Growing Profit Margin: IMB's current net profit margins (10.9%) are lower than last year (14.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: IMB's earnings have grown by 1.4% per year over the past 5 years.

Accelerating Growth: IMB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IMB had negative earnings growth (-20.7%) over the past year, making it difficult to compare to the Tobacco industry average (-12.5%).

Return on Equity

High ROE: Whilst IMB's Return on Equity (40.87%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/22 12:28
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Imperial Brands PLC is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simon HalesBarclays
Gaurav JainBarclays
David HayesBarclays