Also trades as: BDEV.L (LSE) · $vol 49M · BTDPF (OTC) · $vol 0M

£318.20 ($4.21)

+0.50 (+0.16%)

Weekly Expected Move ±9.5%

£258 £288 £318 £348 £379

LSE · Consumer Cyclical · Residential Construction · Tech Score Buy · Power 59 · £4.5B mcap · 1.34B float · 0.678% daily turnover

Revenue

$6.1B +8.5% ▲

5Y CAGR: +4.7%

Gross Profit

$868M +0.8% ▲

5Y CAGR: -3.0%

Operating Income

$589M +14.1% ▲

5Y CAGR: -6.2%

Net Income

$243M +30.5% ▲

5Y CAGR: -18.1%

EPS (Diluted)

$0.17 +30.8% ▲

5Y CAGR: -23.3%

EBITDA

$625M +72.2% ▲

5Y CAGR: -5.6%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$5.3B	$5.3B	$4.2B	$5.6B	$6.1B
YoY Growth	+9.5%	+1.0%	-21.7%	+33.8%	+8.5%
Cost of Revenue	$4.4B	$4.3B	$3.7B	$4.7B	$5.2B
Gross Profit	$900M	$975M	$510M	$861M	$868M
Gross Margin	17.1%	18.3%	12.2%	15.4%	14.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$256M	$271M	$337M	$361M	$317M
Operating Expenses	$253M	$268M	$514M	$345M	$279M
Operating Income	$647M	$707M	$175M	$516M	$589M
Operating Margin	12.3%	13.3%	4.2%	9.2%	9.7%
Interest Expense	$30M	$35M	$54M	$65M	$90M
Income Before Tax	$642M	$705M	$170M	$274M	$364M
Tax Expense	$127M	$175M	$56M	$87M	$120M
Net Income	$515M	$530M	$114M	$186M	$243M
Net Margin	9.8%	10.0%	2.7%	3.3%	4.0%
EPS (Diluted)	$0.50	$0.53	$0.12	$0.13	$0.17
EBITDA	$673M	$888M	$255M	$363M	$625M
Shares Outstanding	1.03B	1.01B	987M	1.40B	1.44B

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$2.8B	$2.5B	$1.9B	$2.3B	$2.3B	$3.3B	$2.6B	$3.4B
Cost of Revenue	$2.3B	$2.0B	$1.6B	$1.9B	$1.9B	$2.9B	$2.3B	$2.9B
Gross Profit	$475M	$500M	$238M	$450M	$339M	$446M	$381M	$498M
Gross Margin	17.1%	19.7%	12.9%	19.4%	14.9%	13.5%	14.5%	14.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$137M	$134M	$141M	$196M	$226M	$200M	$193M	$144M
Operating Expenses	-$19M	$287M	$141M	$374M	$225M	$200M	$193M	$144M
Operating Income	$494M	$213M	$98M	$77M	$114M	$246M	$188M	$354M
Operating Margin	17.8%	8.4%	5.3%	3.3%	5.0%	7.5%	7.2%	10.3%
Interest Expense	$35M	$2M	$3M	$4M	$56M	$37M	$45M	$46M
Income Before Tax	$502M	$204M	$95M	$75M	$117M	$156M	$156M	$207M
Tax Expense	$121M	$54M	$26M	$30M	$42M	$45M	$54M	$67M
Net Income	$380M	$150M	$69M	$45M	$75M	$111M	$103M	$141M
Net Margin	13.7%	5.9%	3.7%	2.0%	3.3%	3.4%	3.9%	4.1%
EPS (Diluted)	$0.38	$0.15	$0.07	$0.05	$0.06	$0.08	$0.07	$0.10
EBITDA	$386M	$374M	$106M	$264M	$127M	$204M	$207M	$372M
Shares Outstanding	1.01B	992M	988M	986M	1.33B	1.36B	1.45B	1.44B

BTRW.L LSE