Diageo Past Earnings Performance

Past criteria checks 3/6

Diageo has been growing earnings at an average annual rate of 7%, while the Beverage industry saw earnings growing at 4.5% annually. Revenues have been growing at an average rate of 7% per year. Diageo's return on equity is 36.7%, and it has net margins of 19.7%.

Key information

7.0%

Earnings growth rate

8.6%

EPS growth rate

Beverage Industry Growth-0.06%
Revenue growth rate7.0%
Return on equity36.7%
Net Margin19.7%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return

May 18
Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return

These 4 Measures Indicate That Diageo (LON:DGE) Is Using Debt Reasonably Well

May 05
These 4 Measures Indicate That Diageo (LON:DGE) Is Using Debt Reasonably Well

Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today

Apr 06
Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today

Diageo (LON:DGE) Is Increasing Its Dividend To £0.3083

Feb 13
Diageo (LON:DGE) Is Increasing Its Dividend To £0.3083

Diageo (LON:DGE) Hasn't Managed To Accelerate Its Returns

Feb 11
Diageo (LON:DGE) Hasn't Managed To Accelerate Its Returns

Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30
Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's

Estimating The Fair Value Of Diageo plc (LON:DGE)

Jan 24
Estimating The Fair Value Of Diageo plc (LON:DGE)

Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today

Dec 16
Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today

Is Diageo (LON:DGE) A Risky Investment?

Dec 04
Is Diageo (LON:DGE) A Risky Investment?

A Look At The Fair Value Of Diageo plc (LON:DGE)

Oct 25
A Look At The Fair Value Of Diageo plc (LON:DGE)

Diageo's (LON:DGE) Returns Have Hit A Wall

Oct 12
Diageo's (LON:DGE) Returns Have Hit A Wall

Most Shareholders Will Probably Agree With Diageo plc's (LON:DGE) CEO Compensation

Sep 30
Most Shareholders Will Probably Agree With Diageo plc's (LON:DGE) CEO Compensation

Is Diageo (LON:DGE) Using Too Much Debt?

Sep 02
Is Diageo (LON:DGE) Using Too Much Debt?

Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's

Aug 14
Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's

Here's Why We Think Diageo (LON:DGE) Is Well Worth Watching

Aug 12
Here's Why We Think Diageo (LON:DGE) Is Well Worth Watching

Diageo (LON:DGE) Is Increasing Its Dividend To £0.4682

Jul 31
Diageo (LON:DGE) Is Increasing Its Dividend To £0.4682

Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return

Jun 27
Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return

An Intrinsic Calculation For Diageo plc (LON:DGE) Suggests It's 28% Undervalued

May 31
An Intrinsic Calculation For Diageo plc (LON:DGE) Suggests It's 28% Undervalued

Is Diageo (LON:DGE) A Risky Investment?

May 18
Is Diageo (LON:DGE) A Risky Investment?

Diageo (LON:DGE) Has More To Do To Multiply In Value Going Forward

Mar 25
Diageo (LON:DGE) Has More To Do To Multiply In Value Going Forward

Diageo plc (LON:DGE) Shares Could Be 22% Below Their Intrinsic Value Estimate

Feb 27
Diageo plc (LON:DGE) Shares Could Be 22% Below Their Intrinsic Value Estimate

Diageo (LON:DGE) Has Announced That It Will Be Increasing Its Dividend To UK£0.29

Feb 13
Diageo (LON:DGE) Has Announced That It Will Be Increasing Its Dividend To UK£0.29

Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly

Feb 12
Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly

Diageo (LON:DGE) Is Paying Out A Larger Dividend Than Last Year

Jan 30
Diageo (LON:DGE) Is Paying Out A Larger Dividend Than Last Year

Diageo (LON:DGE) Has More To Do To Multiply In Value Going Forward

Dec 03
Diageo (LON:DGE) Has More To Do To Multiply In Value Going Forward

Revenue & Expenses Breakdown
Beta

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


Earnings and Revenue History

LSE:DGE Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2321,6404,2573,9930
30 Sep 2320,8044,3073,7860
30 Jun 2321,7334,7423,8960
31 Mar 2320,9904,5113,7180
31 Dec 2220,1514,2563,5380
30 Sep 2218,3453,8803,2420
30 Jun 2218,8093,9553,3580
31 Mar 2219,2234,1343,3820
31 Dec 2118,6844,1183,3160
30 Sep 2117,8883,8443,1270
30 Jun 2117,6133,6792,9850
31 Mar 2116,6522,6082,7510
31 Dec 2015,6251,5372,4660
30 Sep 2014,9541,6342,3450
30 Jun 2014,5621,7462,2700
31 Mar 2015,4862,7712,4410
31 Dec 1917,4324,0392,7750
30 Sep 1916,0013,8172,5390
30 Jun 1916,3404,0132,5840
31 Mar 1916,5463,9722,6080
31 Dec 1815,9873,7482,5110
30 Sep 1816,0983,8852,5170
30 Jun 1816,0533,9892,4980
31 Mar 1817,0634,3692,6450
31 Dec 1716,4154,3282,5340
30 Sep 1716,2183,9682,4790
30 Jun 1715,6963,5392,3750
31 Mar 1714,6283,2102,1850
31 Dec 1613,9252,9662,0510
30 Sep 1614,1213,0152,0940
30 Jun 1613,9392,9832,0830
31 Mar 1615,1263,3992,2440
31 Dec 1515,5123,6512,3230
30 Sep 1516,1403,6752,4440
30 Jun 1517,0043,7442,5820
31 Mar 1515,6283,2182,4500
31 Dec 1415,9373,0412,5610
30 Sep 1416,6143,4732,6700
30 Jun 1417,5463,9872,8200
31 Mar 1417,9334,1282,8550
31 Dec 1318,6534,3442,9440
30 Sep 1318,2654,1082,9010
30 Jun 1317,1793,7272,7460

Quality Earnings: DGE has high quality earnings.

Growing Profit Margin: DGE's current net profit margins (19.7%) are lower than last year (21.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: DGE's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: DGE's earnings growth over the past year (0.03%) is below its 5-year average (7% per year).

Earnings vs Industry: DGE earnings growth over the past year (0.03%) exceeded the Beverage industry -11.6%.


Return on Equity

High ROE: Whilst DGE's Return on Equity (36.66%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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