BAE Systems (BSP) Ratios
BAE Systems Ratios
DE:BSP's free cash flow for Q2 2026 was $1.90B. For the 2026 fiscal year, DE:BSP's free cash flow was decreased by $-359.00M and operating cash flow was $2.26B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.99 | 0.95 | 1.08 | 1.08 | 1.01 |
| Quick Ratio | 0.87 | 0.85 | 0.97 | 0.98 | 0.92 |
| Cash Ratio | 0.28 | 0.27 | 0.37 | 0.32 | 0.34 |
| Solvency Ratio | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 |
| Operating Cash Flow Ratio | 0.27 | 0.32 | 0.34 | 0.27 | 0.26 |
| Short-Term Operating Cash Flow Coverage | 34.72 | 6.55 | 6.00 | 0.00 | 4.99 |
| Net Current Asset Value | $ -13.60B | $ -14.61B | $ -9.57B | $ -8.42B | $ -9.84B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.24 | 0.27 | 0.20 | 0.22 | 0.23 |
| Debt-to-Equity Ratio | 0.77 | 0.87 | 0.61 | 0.61 | 0.85 |
| Debt-to-Capital Ratio | 0.43 | 0.47 | 0.38 | 0.38 | 0.46 |
| Long-Term Debt-to-Capital Ratio | 0.38 | 0.40 | 0.30 | 0.32 | 0.38 |
| Financial Leverage Ratio | 3.20 | 3.28 | 3.04 | 2.81 | 3.65 |
| Debt Service Coverage Ratio | 5.65 | 3.22 | 3.12 | 9.27 | 3.84 |
| Interest Coverage Ratio | 5.14 | 4.80 | 7.29 | 7.51 | 7.40 |
| Debt to Market Cap | 0.14 | 0.24 | 0.15 | 0.19 | 0.29 |
| Interest Debt Per Share | 3.19 | 3.56 | 2.25 | 2.29 | 2.07 |
| Net Debt to EBITDA | 1.49 | 1.71 | 0.72 | 1.33 | 1.18 |
| Profitability Margins | |||||
| Gross Profit Margin | 26.39% | 26.19% | 65.41% | 27.78% | 26.60% |
| EBIT Margin | 9.21% | 10.97% | 11.55% | 10.80% | 12.42% |
| EBITDA Margin | 13.30% | 15.10% | 14.94% | 13.22% | 14.90% |
| Operating Profit Margin | 9.21% | 10.20% | 11.15% | 9.64% | 9.56% |
| Pretax Profit Margin | 8.87% | 8.69% | 9.18% | 8.35% | 10.01% |
| Net Profit Margin | 7.28% | 7.43% | 8.05% | 7.48% | 9.01% |
| Continuous Operations Profit Margin | 7.59% | 7.76% | 7.50% | 7.03% | 9.08% |
| Net Income Per EBT | 82.05% | 85.53% | 87.68% | 89.68% | 89.92% |
| EBT Per EBIT | 96.28% | 85.18% | 82.32% | 86.54% | 104.77% |
| Return on Assets (ROA) | 5.47% | 5.13% | 5.79% | 5.06% | 6.48% |
| Return on Equity (ROE) | 17.50% | 16.84% | 17.59% | 14.19% | 23.64% |
| Return on Capital Employed (ROCE) | 10.29% | 10.41% | 12.18% | 9.48% | 10.12% |
| Return on Invested Capital (ROIC) | 8.68% | 9.01% | 9.61% | 7.90% | 8.86% |
| Return on Tangible Assets | 9.19% | 8.94% | 9.30% | 22.73% | 38.99% |
| Earnings Yield | 4.01% | 5.65% | 5.52% | 5.97% | 10.03% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.97 | 4.66 | 4.30 | 0.00 | 0.00 |
| Payables Turnover | 3.12 | 17.92 | 9.22 | 18.30 | 20.56 |
| Inventory Turnover | 15.07 | 14.67 | 6.91 | 15.73 | 17.67 |
| Fixed Asset Turnover | 4.17 | 3.99 | 4.67 | 4.56 | 4.95 |
| Asset Turnover | 0.75 | 0.69 | 0.72 | 0.68 | 0.72 |
| Working Capital Turnover Ratio | -76.07 | 218.36 | 28.53 | 46.72 | 269.26 |
| Cash Conversion Cycle | -0.78 | 82.91 | 98.19 | 3.26 | 2.90 |
| Days of Sales Outstanding | 92.00 | 78.40 | 84.93 | 0.00 | 0.00 |
| Days of Inventory Outstanding | 24.22 | 24.88 | 52.85 | 23.20 | 20.66 |
| Days of Payables Outstanding | 116.99 | 20.37 | 39.60 | 19.95 | 17.75 |
| Operating Cycle | 116.21 | 103.29 | 137.79 | 23.20 | 20.66 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.10 | 1.30 | 1.24 | 0.87 | 0.72 |
| Free Cash Flow Per Share | 0.79 | 0.92 | 0.92 | 0.64 | 0.57 |
| Dividend Paid and CapEx Coverage Ratio | 1.69 | 1.87 | 2.07 | 1.80 | 1.84 |
| Capital Expenditure Coverage Ratio | 3.58 | 3.37 | 3.93 | 3.89 | 4.94 |
| Operating Cash Flow Coverage Ratio | 0.36 | 0.39 | 0.58 | 0.39 | 0.36 |
| Operating Cash Flow to Sales Ratio | 0.12 | 0.15 | 0.16 | 0.13 | 0.12 |
| Free Cash Flow Yield | 4.63% | 7.98% | 8.33% | 7.52% | 10.38% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 24.84 | 17.69 | 18.13 | 16.74 | 9.97 |
| Price-to-Sales (P/S) Ratio | 1.81 | 1.32 | 1.46 | 1.25 | 0.90 |
| Price-to-Book (P/B) Ratio | 4.36 | 2.98 | 3.19 | 2.38 | 2.36 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.60 | 12.53 | 12.01 | 13.30 | 9.64 |
| Price-to-Operating Cash Flow Ratio | 15.58 | 8.82 | 8.95 | 9.88 | 7.69 |
| Price-to-Earnings Growth (PEG) Ratio | 4.04 | 2.70 | 0.92 | -2.30 | 0.29 |
| Enterprise Value Multiple | 15.11 | 10.42 | 10.48 | 10.81 | 7.21 |
| Enterprise Value | 56.98B | 41.38B | 36.13B | 30.39B | 20.96B |
| EV to EBITDA | 15.11 | 10.42 | 10.48 | 10.81 | 7.21 |
| EV to Sales | 2.01 | 1.57 | 1.57 | 1.43 | 1.07 |
| EV to Free Cash Flow | 23.96 | 14.98 | 12.89 | 15.17 | 11.53 |
| EV to Operating Cash Flow | 17.28 | 10.54 | 9.61 | 11.27 | 9.19 |
| Tangible Book Value Per Share | -1.10 | -1.49 | -0.45 | -3.88 | -4.44 |
| Shareholders’ Equity Per Share | 3.93 | 3.86 | 3.48 | 3.60 | 2.33 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.14 | 0.11 | 0.18 | 0.16 | 0.09 |
| Revenue Per Share | 9.45 | 8.73 | 7.61 | 6.83 | 6.13 |
| Net Income Per Share | 0.69 | 0.65 | 0.61 | 0.51 | 0.55 |
| Tax Burden | 0.82 | 0.86 | 0.88 | 0.90 | 0.90 |
| Interest Burden | 0.96 | 0.79 | 0.79 | 0.77 | 0.81 |
| Research & Development to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| SG&A to Revenue | 0.16 | 0.16 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.53 | 1.92 | 2.02 | 1.69 | 1.30 |
Currency in GBP
