Fundies.
English

Spirax Group plc

ESEF
Report (type unavailable) · filed 2026-04-09

Annual consolidated revenue for 2025: about GBP 1.703B, using the latest reported figures. The previous period, 2024, was about GBP 1.665B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

1.7 billion GBP

2025 · GBP

Exact inputs and evidence
  • Revenue: 1702900000 GBP Source

Operating margin

15.59%

2025 · %

Exact inputs and evidence
  • Operating Income: 265400000 GBP Source
  • Revenue: 1702900000 GBP Source

Operating cash flow

296 million GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 296200000 GBP Source

Free cash flow

248 million GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 296200000 GBP Source
  • Capital Expenditure: 47800000 GBP Source
Cash and cash equivalents
369 million GBP Source
Exact value

369000000 GBP

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-04-09.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +2.3%

    Prior period

    GBP 1.67 billion

    –

    Current period

    GBP 1.7 billion

    –

    Exact inputs and evidence

    1702900000 − 1665200000 = 37700000 GBP

    1665200000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1702900000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    -14.5%

    Prior period

    GBP 191.2 million

    –

    Current period

    GBP 163.4 million

    –

    Exact inputs and evidence

    163400000 − 191200000 = -27800000 GBP

    191200000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    163400000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    -5.3%

    Prior period

    GBP 312.8 million

    –

    Current period

    GBP 296.2 million

    –

    Exact inputs and evidence

    296200000 − 312800000 = -16600000 GBP

    312800000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    296200000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Capital expenditure

    -35.7%

    Prior period

    GBP 74.3 million

    –

    Current period

    GBP 47.8 million

    –

    Exact inputs and evidence

    47800000 − 74300000 = -26500000 GBP

    74300000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    47800000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue GBP 1.7 billion 100% of revenue
  • Operating costs Derived GBP 1.44 billion 84% of revenue
  • Operating income GBP 265.4 million 16% of revenue
  • Tax, interest and other Derived GBP 102 million 6% of revenue
  • Net income GBP 163.4 million 9.6% of revenue

Cash

  • Operating cash flow GBP 296.2 million 17% of revenue
  • Capital expenditure GBP 47.8 million 2.8% of revenue
  • Free cash flow Derived GBP 248.4 million 15% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 15%79%
  • 2021 17%76%
  • 2022 14%80%
  • 2023 11%83%
  • 2024 11%82%
  • 2025 9.6%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-311193400000 944400000 Derived 249000000 75400000 Derived 173600000 217200000 Derived
Source
2021 2021-01-01 – 2021-12-311344500000 1023600000 Derived 320900000 86300000 Derived 234600000 220600000 Derived
Source
2022 2022-01-01 – 2022-12-311610600000 1291800000 Derived 318800000 94100000 Derived 224700000 136800000 Derived
Source
2023 2023-01-01 – 2023-12-311682600000 1398200000 Derived 284400000 100800000 Derived 183600000 214600000 Derived
Source
2024 2024-01-01 – 2024-12-311665200000 1360600000 Derived 304600000 113400000 Derived 191200000 238500000 Derived
Source
2025 2025-01-01 – 2025-12-311702900000 1437500000 Derived 265400000 102000000 Derived 163400000 248400000 Derived
Source

Amounts are exact, in GBP.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

GBP 1.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.8B1.4B919.6M459.8M0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Revenue1193400000
2021Revenue1344500000
2022Revenue1610600000
2023Revenue1682600000
2024Revenue1665200000
2025Revenue1702900000

Revenue growth

Change in revenue from the same financial period one year earlier.

2.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.5%15.4%9.4%3.3%-2.7%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year12.7%
2022Year over year19.8%
2023Year over year4.5%
2024Year over year-1%
2025Year over year2.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 15.6% 2025
Net margin 9.6% 2025
Free cash flow margin 14.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25.8%19.3%12.9%6.4%0.0%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin20.9%
2021Operating margin23.9%
2022Operating margin19.8%
2023Operating margin16.9%
2024Operating margin18.3%
2025Operating margin15.6%
2020Net margin14.5%
2021Net margin17.4%
2022Net margin14%
2023Net margin10.9%
2024Net margin11.5%
2025Net margin9.6%
2020Free cash flow margin18.2%
2021Free cash flow margin16.4%
2022Free cash flow margin8.5%
2023Free cash flow margin12.8%
2024Free cash flow margin14.3%
2025Free cash flow margin14.6%

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 296.2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.337.8M253.4M168.9M84.5M0.0202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Operating cash flow259200000
2021Operating cash flow273400000
2022Operating cash flow241100000
2023Operating cash flow298600000
2024Operating cash flow312800000
2025Operating cash flow296200000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

GBP 248.4M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.268.3M201.2M134.1M67.1M0.0202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Free cash flow217200000
2021Free cash flow220600000
2022Free cash flow136800000
2023Free cash flow214600000
2024Free cash flow238500000
2025Free cash flow248400000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

54.1% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.63%47%31%16%0%202020232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets51.1%
2021Liabilities / assets45.8%
2022Liabilities / assets58%
2023Liabilities / assets57.3%
2024Liabilities / assets54.3%
2025Liabilities / assets54.1%

Current assets to current liabilities

Current assets divided by current liabilities.

1.85× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.28×2.46×1.64×0.82×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities3.04×
2021Current assets / current liabilities2.11×
2022Current assets / current liabilities1.65×
2023Current assets / current liabilities2.26×
2024Current assets / current liabilities1.85×
2025Current assets / current liabilities1.85×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
GBP 173.6 million
Exact value

Exact value: 173600000 GBP

2020-01-01 – 2020-12-31: 173600000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 259.2 million
Exact value

Exact value: 259200000 GBP

2020-01-01 – 2020-12-31: 259200000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 42 million
Exact value

Exact value: 42000000 GBP

2020-01-01 – 2020-12-31: 42000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 217.2 million
Calculation and evidence

259200000 − 42000000 GBP

Exact free cash flow: 217200000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
GBP 234.6 million
Exact value

Exact value: 234600000 GBP

2021-01-01 – 2021-12-31: 234600000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 273.4 million
Exact value

Exact value: 273400000 GBP

2021-01-01 – 2021-12-31: 273400000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 52.8 million
Exact value

Exact value: 52800000 GBP

2021-01-01 – 2021-12-31: 52800000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 220.6 million
Calculation and evidence

273400000 − 52800000 GBP

Exact free cash flow: 220600000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2022 2022-01-01 – 2022-12-31
GBP 224.7 million
Exact value

Exact value: 224700000 GBP

2022-01-01 – 2022-12-31: 224700000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 241.1 million
Exact value

Exact value: 241100000 GBP

2022-01-01 – 2022-12-31: 241100000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 104.3 million
Exact value

Exact value: 104300000 GBP

2022-01-01 – 2022-12-31: 104300000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 136.8 million
Calculation and evidence

241100000 − 104300000 GBP

Exact free cash flow: 136800000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2023 2023-01-01 – 2023-12-31
GBP 183.6 million
Exact value

Exact value: 183600000 GBP

2023-01-01 – 2023-12-31: 183600000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 298.6 million
Exact value

Exact value: 298600000 GBP

2023-01-01 – 2023-12-31: 298600000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 84 million
Exact value

Exact value: 84000000 GBP

2023-01-01 – 2023-12-31: 84000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 214.6 million
Calculation and evidence

298600000 − 84000000 GBP

Exact free cash flow: 214600000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2024 2024-01-01 – 2024-12-31
GBP 191.2 million
Exact value

Exact value: 191200000 GBP

2024-01-01 – 2024-12-31: 191200000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 312.8 million
Exact value

Exact value: 312800000 GBP

2024-01-01 – 2024-12-31: 312800000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 74.3 million
Exact value

Exact value: 74300000 GBP

2024-01-01 – 2024-12-31: 74300000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 238.5 million
Calculation and evidence

312800000 − 74300000 GBP

Exact free cash flow: 238500000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2025 2025-01-01 – 2025-12-31
GBP 163.4 million
Exact value

Exact value: 163400000 GBP

2025-01-01 – 2025-12-31: 163400000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 296.2 million
Exact value

Exact value: 296200000 GBP

2025-01-01 – 2025-12-31: 296200000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 47.8 million
Exact value

Exact value: 47800000 GBP

2025-01-01 – 2025-12-31: 47800000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 248.4 million
Calculation and evidence

296200000 − 47800000 GBP

Exact free cash flow: 248400000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 531 latest values · 531 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 213800WFVZQMHOZP2W17, esef:213800WFVZQMHOZP2W17