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Employees: 650
Size Ashtead Technology (AT..L) is a United Kingdom Energy company (Oilfield Services/Equipment) with a market value of $660M, the 265th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £606.00 on 6 Nov 2026.
Performance Over six months the shares gained 26.2%, against -20.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 9.4% over the last twelve months (peer median -4.9%); the operating margin is 25.7% (peer median 4.5%).
Valuation It trades at 16.2× forward earnings against a peer median of 14.2× (6th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is -42 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.2 points above its cost of capital (6.5% WACC).
Next results Next results expected around 7 Jun 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £204M | £203M | £168M | £110M | £73.1M |
| Revenue growth | — | +21% | +52% | +51% | — |
| Gross profit | £66.0M | £67.7M | £106M | £72.8M | £45.0M |
| EBITDA | £83.0M | £81.1M | £67.0M | £46.2M | £27.0M |
| Net income | £31.8M | £32.2M | £28.8M | £21.6M | £12.4M |
| Free cash flow | £14.5M | £20.6M | £922,000 | £19.9M | £18.4M |
| Capital expenditure | £42.6M | £37.2M | £29.4M | £19.5M | £13.7M |
| Total debt | n/a | £123M | £141M | £72.5M | £37.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AT..L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | -8.7% | highest of 21 |
| 6-month return | +26.2% | -20.4% | 6th highest of 21 |
| Distance from 52-week high | -1.3% | -45.5% | highest of 21 |
| Revenue growth (TTM) | +9.4% | -4.9% | 7th highest of 21 |
| Operating margin | 25.7% | 4.5% | highest of 21 |
| Forward P/E | 16.2× | 14.2× | 6th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | -5.5% | 3.5% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +36.8% | +9.1% | highest of 12 |
| Hurdle (Req g minus delivered) | -42.3 pp | -5.6 pp | least demanding of 12 |
| ROIC minus cost of capital | +7.2 pp | -4.8 pp | highest of 21 |
| EV / EBITDA | 7.3× | 9.3× | 6th cheapest of 15 |
| Net debt / EBITDA | 1.4× | 0.9× | 6th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ashtead Technology AT..L | United Kingdom | $660M | +26% | +9% | 26% | 16.2× | -5.5% | +36.8% |
| Haimo Technologies 300084.SZ | China | $667M | -31% | -7% | -12% | n/a | n/a | n/a |
| Atlas Energy Solutions AESI | United States | $678M | -71% | -4% | -11% | n/a | n/a | n/a |
| Shandong Molong Petroleum Machinery 0568.HK | Hong Kong | $698M | -48% | +58% | 0% | n/a | n/a | n/a |
| Toyo Engineering 6330.T | Japan | $711M | -16% | -31% | -10% | 14.2× | -2.1% | -0.1% |
| Hunting HTG.L | United Kingdom | $714M | -25% | -12% | 7% | 14.3× | 17.8% | +9.6% |
| Dalipal 1921.HK | Hong Kong | $603M | -29% | +3% | 3% | 14.5× | n/a | n/a |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 22.9× | -2.9% | +4.1% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 35.1× | n/a | n/a |
| Nanjing Develop Advanced Manufacturing Co. Ltd. Class 1 688377.SS | China | $554M | -52% | 0% | 9% | 30.2× | 7.5% | +11.4% |
| ProFrac ACDC | United States | $547M | -55% | -16% | -11% | n/a | n/a | n/a |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 12.9× | 3.5% | +9.1% |
| Bomesc Offshore Engineering 603727.SS | China | $823M | +6% | -12% | -7% | 249.4× | -9.1% | -6.1% |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 9.7× | 3.7% | +23.8% |
| Calfrac Well Services CFW.TO | Canada | $506M | +36% | -15% | 6% | 7.2× | -10.9% | +14.5% |
| China Oil HBP Science & Technology 002554.SZ | China | $502M | -28% | -29% | -17% | n/a | n/a | n/a |
| Oil States International OIS | United States | $499M | -4% | -1% | 1% | 13.5× | 27.7% | +1.0% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 21.9× | n/a | n/a |
| HMH HMH | United States | $482M | -49% | -10% | 12% | 3.6× | -2.1% | +6.7% |
| Deep Industries DEEPINDS.NS | India | $433M | +38% | +41% | 12% | 12.5× | 25.4% | +35.7% |
| SEAMEC SEAMECLTD.NS | India | $397M | -5% | +60% | 24% | 13.8× | n/a | n/a |