BAE Systems plc

LSE:BA. Stock Report

Market Cap: UK£34.9b

BAE Systems Past Earnings Performance

Past criteria checks 2/6

BAE Systems has been growing earnings at an average annual rate of 7.6%, while the Aerospace & Defense industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 6.2% per year. BAE Systems's return on equity is 16.8%, and it has net margins of 7.5%.

Key information

7.6%

Earnings growth rate

8.8%

EPS growth rate

Aerospace & Defense Industry Growth11.8%
Revenue growth rate6.2%
Return on equity16.8%
Net Margin7.5%
Next Earnings Update19 Feb 2025

Recent past performance updates

Recent updates

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

BAE Systems' (LON:BA.) Dividend Will Be Increased To £0.185

Apr 16
BAE Systems' (LON:BA.) Dividend Will Be Increased To £0.185

BAE Systems (LON:BA.) Is Paying Out A Larger Dividend Than Last Year

Apr 02
BAE Systems (LON:BA.) Is Paying Out A Larger Dividend Than Last Year

Here's Why BAE Systems (LON:BA.) Can Manage Its Debt Responsibly

Mar 25
Here's Why BAE Systems (LON:BA.) Can Manage Its Debt Responsibly

BAE Systems (LON:BA.) Is Increasing Its Dividend To £0.185

Mar 09
BAE Systems (LON:BA.) Is Increasing Its Dividend To £0.185

BAE Systems (LON:BA.) Is Increasing Its Dividend To £0.185

Feb 24
BAE Systems (LON:BA.) Is Increasing Its Dividend To £0.185

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

Jan 16
Calculating The Fair Value Of BAE Systems plc (LON:BA.)

BAE Systems plc's (LON:BA.) Business Is Yet to Catch Up With Its Share Price

Dec 25
BAE Systems plc's (LON:BA.) Business Is Yet to Catch Up With Its Share 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
30 Jun 2424,5581,8407,9530
31 Mar 2423,8181,8497,9470
31 Dec 2323,0781,8577,9400
30 Sep 2322,7971,8997,6670
30 Jun 2322,5161,9417,3930
31 Mar 2321,8871,7667,4120
31 Dec 2221,2581,5917,4310
30 Sep 2220,5901,4827,0290
30 Jun 2219,9211,3736,6260
31 Mar 2219,7211,5666,6330
31 Dec 2119,5211,7586,6400
30 Sep 2119,4791,7636,6560
30 Jun 2119,4361,7676,6710
31 Mar 2119,3571,5336,6760
31 Dec 2019,2771,2996,6810
30 Sep 2019,0441,2566,5620
30 Jun 2018,8111,2136,4420
31 Mar 2018,5581,3456,4500
31 Dec 1918,3051,4766,4570
30 Sep 1917,8201,4006,3330
30 Jun 1917,3341,3246,2090
31 Mar 1917,0781,1626,2060
31 Dec 1816,8211,0006,2030
30 Sep 1816,6468656,2000
30 Jun 1816,4707296,1970
31 Mar 1816,8477786,2130
31 Dec 1717,2248276,2290
30 Sep 1717,8269516,0330
30 Jun 1718,4271,0745,8360
31 Mar 1718,1099945,8370
31 Dec 1617,7909135,8380
30 Sep 1617,4279255,5150
30 Jun 1617,0649365,1910
31 Mar 1616,9269275,1960
31 Dec 1516,7879185,2000
30 Sep 1516,5488105,0880
30 Jun 1516,3097014,9750
31 Mar 1515,8707214,9680
31 Dec 1415,4307404,9600
30 Sep 1415,7134635,0810
30 Jun 1415,9951865,2010
31 Mar 1416,4301775,2100
31 Dec 1316,8641685,2190

Quality Earnings: BA. has high quality earnings.

Growing Profit Margin: BA.'s current net profit margins (7.5%) are lower than last year (8.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BA.'s earnings have grown by 7.6% per year over the past 5 years.

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

Earnings vs Industry: BA. had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (40.1%).

Return on Equity

High ROE: BA.'s Return on Equity (16.8%) 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 Analysis2024/12/20 19:27
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

BAE Systems plc is covered by 53 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