Melrose Industries PLC/£MRO
1D1W1MYTD1Y5YMAX
Capital at risk
About Melrose Industries PLC
- Ticker
- £MRO
- Sector
- Industrials
- Primary listing
- LSE
- Employees
- 12,808
- Headquarters
- London, United Kingdom
- Website
- www.melroseplc.net
MRO Metrics
BasicAdvanced
£5.9B
37.11
£0.13
0.84
£0.05
1.02%
Price and volume
Market cap
£5.9B
Beta
0.84
52-week high
£6.85
52-week low
£4.10
Average daily volume
4M
Dividend rate
£0.05
Financial strength
Current ratio
1.072
Quick ratio
0.705
Long term debt to equity
0.69
Total debt to equity
0.718
Dividend payout ratio (TTM)
56.88%
Interest coverage (TTM)
2.42%
Profitability
EBITDA (TTM)
640
Gross margin (TTM)
27.20%
Net profit margin (TTM)
4.28%
Operating margin (TTM)
8.28%
Effective tax rate (TTM)
10.11%
Revenue per employee (TTM)
£290,000
Management effectiveness
Return on assets (TTM)
2.54%
Return on equity (TTM)
5.60%
Valuation
Price to earnings (TTM)
37.108
Price to revenue (TTM)
1.586
Price to book
2.07
Price to tangible book (TTM)
21.02
Price to free cash flow (TTM)
30.914
Free cash flow yield (TTM)
3.23%
Free cash flow per share (TTM)
0.153
Dividend yield (TTM)
1.02%
Growth
Revenue change (TTM)
8.59%
Earnings per share change (TTM)
-48.20%
3-year revenue growth (CAGR)
5.10%
10-year revenue growth (CAGR)
31.11%
3-year earnings per share growth (CAGR)
-44.53%
10-year earnings per share growth (CAGR)
-40.12%
3-year dividend per share growth (CAGR)
7.72%
10-year dividend per share growth (CAGR)
-18.52%
What the Analysts think about MRO
Analyst ratings (Buy, Hold, Sell) for Melrose Industries PLC stock.
Analyst projections of the future price of Melrose Industries PLC stock.
Bulls say / Bears say
Underlying trading momentum is strong. First-half revenue rose 10% and adjusted operating profit 16%, with margin widening to 18.5%; Engines led the performance with 19% revenue growth from both original equipment and aftermarket demand. (Melrose Industries, Hargreaves Lansdown)
Melrose is building longer-term aftermarket visibility. GKN Aerospace secured multi-year Pratt & Whitney GTF repair work and a five-year Rolls-Royce fan-blade repair contract, supporting revenue from installed fleets over several years. (GKN Aerospace, GKN Aerospace)
The shares could re-rate if execution continues. Melrose reiterated 2026 guidance, excluding Garden Grove, for £3.75bn–£3.95bn of revenue, £700m–£750m of operating profit and £150m–£200m of free cash flow, while Hargreaves Lansdown cited a forward P/E of 11.1 times versus a ten-year average of 13.9 times. (Melrose Industries, Hargreaves Lansdown)
The Garden Grove incident is an open-ended near-term risk. The site was running at about half capacity, with a further £25m–£30m of exceptional costs expected and legal, regulatory and compensation outcomes still uncertain; Melrose paused its £175m buyback. (Melrose Industries, Hargreaves Lansdown)
Cash conversion remains a weak point. First-half free cash flow was only a £13m inflow after a £54m outflow a year earlier, while net debt rose to £1.5bn, or 1.8 times EBITDA, leaving less room for further operational shocks. (Hargreaves Lansdown, Melrose Industries)
Airframes still carries significant execution risk. Its first-half margin was only 6.3%, civil revenue fell 1% and operating profit fell 1%, while supply issues affected business-jet deliveries; a slow margin recovery could delay any re-rating. (Melrose Industries, Hargreaves Lansdown)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.
MRO Financial Performance
Revenues and expenses
MRO Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing MRO
AllEURGBPUSD
Fund name | Fund size | £MRO weighting |
|---|---|---|
Vaneck Space Innovators€JEDI | €333M | 4.18% |
Vaneck Space Innovators£JEDG | £289M | 4.18% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.42% |
iShares Global Aerospace & Defence€DFND | €1.6B | 0.35% |
iShares Global Aerospace & Defence£DFND | £1.4B | 0.35% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.