Diageo plc

NYSE:DEO Stock Report

Market Cap: US$61.5b

Diageo Past Earnings Performance

Past criteria checks 2/6

Diageo has been growing earnings at an average annual rate of 9.5%, while the Beverage industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 6.3% per year. Diageo's return on equity is 31.4%, and it has net margins of 17.8%.

Key information

9.5%

Earnings growth rate

10.7%

EPS growth rate

Beverage Industry Growth4.4%
Revenue growth rate6.3%
Return on equity31.4%
Net Margin17.8%
Next Earnings Update05 Aug 2025

Recent past performance updates

Recent updates

Diageo Q2: When Pessimism Becomes Too Much

Feb 04

Diageo: An Incredibly Compelling Combination Of Growth, Cash Flow, And Yield

Jan 29

Diageo: No Path For Market-Beating Returns

Nov 19

Diageo: Ongoing Challenges, But It Is Still Cheap

Nov 08

Diageo: Compelling Catalysts Yet Shares Are Undervalued

Oct 16

Diageo: Glass Half Empty

Oct 04

Diageo Offers A Decade-High Yield, Yet Growth Lags

Sep 23

Diageo: Fundamentally Conservative, With A Well-Covered Dividend

Sep 02

Diageo: Current Macro-Environment Creates Headwinds; Long-Term Prospects Remain Bright

Aug 23

Diageo's Glass Is Still Half Empty

Jul 31

Diageo Still Fits In A Diversified Portfolio

Jul 20

Are Diageo Shares A Buy After Their 35% Price Decline?

Jun 15

Diageo: AI Won't Change How We Drink

May 15

Diageo: A Dividend Gem Amid 2024 Challenges

May 08

Diageo: The Business Is Too Resilient To Justify The Sell-Off

Mar 28

Diageo: Not As Bad As It's Made Out To Be

Mar 16

Diageo: Investors Shouldn't Choose Stability Over Upside

Feb 22

Diageo: A Stalwart, Finally "On Sale"

Jan 27

Diageo: Cyclical Headwinds Provide A Nice Entry Point

Jan 18

Diageo: Why I Expect A Rebound For This SWAN Stock

Jan 08

Diageo: LatAm Recovery And Destocking Activities Make This A Strong Buy

Dec 15

Diageo: Getting Cheap But Not Yet Cheap Enough

Dec 05

Diageo Stock: Finally A Buy Now After The Sharp Drop

Nov 14

Diageo Targets Robust Market Share And Market Growth In Spirits

Nov 05

Diageo's Valuation Has Improved, But Spirits Volumes And Market Share Are Shakier Now

Oct 24

Diageo: Taking Advantage Of The Short-Term Narratives

Sep 13

Diageo: Celebrities Are Changing The Industry (Post-Earnings Rating Downgrade)

Aug 11

Diageo Stock: Good Business But Outside The Buy Zone

Jul 25

Diageo: Liquid Product, Solid Margins

Jul 12

Diageo: Fairly Valued

Jun 24

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NYSE:DEO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2420,2083,5953,6770
30 Sep 2420,2393,7333,7050
30 Jun 2420,2693,8703,7320
31 Mar 2420,3333,9083,7650
31 Dec 2320,3973,9463,7830
30 Sep 2320,4764,1963,7340
30 Jun 2320,5554,4453,6840
31 Mar 2321,8734,6323,8230
31 Dec 2220,1514,2563,5380
30 Sep 2218,3453,8803,2420
01 Jul 2220,5164,2803,6030
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

Quality Earnings: DEO has high quality earnings.

Growing Profit Margin: DEO's current net profit margins (17.8%) are lower than last year (19.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DEO's earnings have grown by 9.5% per year over the past 5 years.

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

Earnings vs Industry: DEO had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Beverage industry average (8.6%).

Return on Equity

High ROE: Whilst DEO's Return on Equity (31.43%) is high, 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 Analysis2025/02/22 04:51
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

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

Diageo plc is covered by 69 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anna ZyniewiczAlphaValue
John StaszakArgus Research Company
Barry CoppelBanco Santander