BAE Systems plc

LSE:BA. Stock Report

Market Cap: UK£50.4b

BAE Systems Past Earnings Performance

Past criteria checks 2/6

BAE Systems has been growing earnings at an average annual rate of 7.7%, while the Aerospace & Defense industry saw earnings growing at 13.6% annually. Revenues have been growing at an average rate of 7% per year. BAE Systems's return on equity is 17.3%, and it has net margins of 7.4%.

Key information

7.7%

Earnings growth rate

9.2%

EPS growth rate

Aerospace & Defense Industry Growth11.8%
Revenue growth rate7.0%
Return on equity17.3%
Net Margin7.4%
Last Earnings Update31 Dec 2024

Recent past performance updates

Recent updates

BAE Systems plc (LON:BA.) Shares Could Be 23% Below Their Intrinsic Value Estimate

Apr 21
BAE Systems plc (LON:BA.) Shares Could Be 23% Below Their Intrinsic Value Estimate

BAE Systems (LON:BA.) Ticks All The Boxes When It Comes To Earnings Growth

Apr 09
BAE Systems (LON:BA.) Ticks All The Boxes When It Comes To Earnings Growth

BAE Systems' (LON:BA.) Upcoming Dividend Will Be Larger Than Last Year's

Mar 28
BAE Systems' (LON:BA.) Upcoming Dividend Will Be Larger Than Last Year's

Slowing Rates Of Return At BAE Systems (LON:BA.) Leave Little Room For Excitement

Mar 17
Slowing Rates Of Return At BAE Systems (LON:BA.) Leave Little Room For Excitement

BAE Systems plc's (LON:BA.) 32% Price Boost Is Out Of Tune With Earnings

Mar 04
BAE Systems plc's (LON:BA.) 32% Price Boost Is Out Of Tune With Earnings
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Investments In Space, AI, And Drones Will Secure Future Leadership In Defense Technologies

Feb 23 Record order backlog and alignment with global defense spending will drive revenue growth and margin expansion through strategic national defense alignments.

BAE Systems (LON:BA.) Has Announced That It Will Be Increasing Its Dividend To £0.206

Feb 22
BAE Systems (LON:BA.) Has Announced That It Will Be Increasing Its Dividend To £0.206

Pinning Down BAE Systems plc's (LON:BA.) P/E Is Difficult Right Now

Dec 26
Pinning Down BAE Systems plc's (LON:BA.) P/E Is Difficult Right Now

A Look At The Intrinsic Value Of BAE Systems plc (LON:BA.)

Nov 20
A Look At The Intrinsic Value Of BAE Systems plc (LON:BA.)

BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

Oct 15
BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

Does BAE Systems (LON:BA.) Have A Healthy Balance Sheet?

Oct 12
Does BAE Systems (LON:BA.) Have A Healthy Balance Sheet?

BAE Systems (LON:BA.) Is Due To Pay A Dividend Of £0.124

Sep 24
BAE Systems (LON:BA.) Is Due To Pay A Dividend Of £0.124

BAE Systems (LON:BA.) Is Due To Pay A Dividend Of £0.124

Sep 10
BAE Systems (LON:BA.) Is Due To Pay A Dividend Of £0.124

BAE Systems plc (LON:BA.) Investors Are Less Pessimistic Than Expected

Sep 03
BAE Systems plc (LON:BA.) Investors Are Less Pessimistic Than Expected

BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

Aug 18
BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

Aug 04
BAE Systems (LON:BA.) Will Pay A Dividend Of £0.124

Here's Why BAE Systems (LON:BA.) Has Caught The Eye Of Investors

Jul 15
Here's Why BAE Systems (LON:BA.) Has Caught The Eye Of Investors

Calculating The Fair Value Of BAE Systems plc (LON:BA.)

Jun 27
Calculating The Fair Value Of BAE Systems plc (LON:BA.)

There's Reason For Concern Over BAE Systems plc's (LON:BA.) Price

May 04
There's Reason For Concern Over BAE Systems plc's (LON:BA.) Price

Revenue & Expenses Breakdown

How BAE Systems makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:BA. Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2426,3121,956-180
30 Sep 2425,4351,898-230
30 Jun 2424,5581,840-280
31 Mar 2423,8181,849-340
31 Dec 2323,0781,857-410
30 Sep 2322,7971,899-210
30 Jun 2322,5161,941-10
31 Mar 2321,8871,766180
31 Dec 2221,2581,591370
30 Sep 2220,5901,482440
30 Jun 2219,9211,373510
31 Mar 2219,7211,566580
31 Dec 2119,5211,758650
30 Sep 2119,4791,763620
30 Jun 2119,4361,767580
31 Mar 2119,3571,533630
31 Dec 2019,2771,299680
30 Sep 2019,0441,256840
30 Jun 2018,8111,213990
31 Mar 2018,5581,3451070
31 Dec 1918,3051,4761140
30 Sep 1917,8201,4002550
30 Jun 1917,3341,3243960
31 Mar 1917,0781,1623930
31 Dec 1816,8211,0003900
30 Sep 1816,6468654090
30 Jun 1816,4707294280
31 Mar 1816,8477784440
31 Dec 1717,2248274600
30 Sep 1717,8269514560
30 Jun 1718,4271,0744510
31 Mar 1718,1099944520
31 Dec 1617,7909134530
30 Sep 1617,4279253180
30 Jun 1617,0649361830
31 Mar 1616,9269271880
31 Dec 1516,7879181920
30 Sep 1516,5488101770
30 Jun 1516,3097011620
31 Mar 1515,8707211550
31 Dec 1415,4307401470
30 Sep 1415,7134631580
30 Jun 1415,9951861680

Quality Earnings: BA. has high quality earnings.

Growing Profit Margin: BA.'s current net profit margins (7.4%) are lower than last year (8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BA.'s earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: BA.'s earnings growth over the past year (5.3%) is below its 5-year average (7.7% per year).

Earnings vs Industry: BA. earnings growth over the past year (5.3%) did not outperform the Aerospace & Defense industry 29.6%.

Return on Equity

High ROE: BA.'s Return on Equity (17.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/28 03:33
End of Day Share Price 2025/04/25 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

BAE Systems plc is covered by 50 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Yves GauthierAlphaValue
Guy BrownArden Partners Plc.
Joseph CampbellBarclays