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UK homewares retailer selling furniture, soft furnishings and bedding through stores and online.
UK homewares retailer selling furniture, soft furnishings and bedding through stores and online.
Designs a large share of what it sells under its own label and sources direct from suppliers, which keeps more of each sale's margin than reselling other makers' brands. Out-of-town superstores carry the business, with online orders collected in store a major route.
In one line: A UK Bed Bath & Beyond/HomeGoods peer.
Moat: narrow (scale, distribution, brand). Large-format out-of-town stores combined with a strong digital/click-and-collect offer.
Headquarters: Leicester, UK · Founded: 1979 · Employees: 12,000
Size Dunelm (DNLM.L) is a United Kingdom Consumer Discretionary company (Specialty Stores) with a market value of $2.44B, the 148th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £899.50 on 6 Nov 2026.
Performance Over six months the shares gained 24.2%, against -2.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +10.8%); the operating margin is 11.9% (peer median 8.4%).
Valuation It trades at 11.7× forward earnings against a peer median of 17.1× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.6 points above its cost of capital (11.3% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | £1.83B | £1.83B | £1.77B | £1.71B | £1.64B |
| Revenue growth | — | +3% | +4% | +4% | — |
| Gross profit | £872M | £872M | £846M | £803M | £742M |
| EBITDA | £305M | £306M | £300M | £295M | £278M |
| Net income | £156M | £156M | £156M | £151M | £152M |
| Free cash flow | £235M | £235M | £217M | £199M | £218M |
| Capital expenditure | £42.7M | £42.7M | £44.5M | £32.4M | £21.8M |
| Total debt | n/a | £384M | £378M | £327M | £334M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dunelm DNLM.L | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% |
| Next NXT.L | $23.8B | +24% | +13% | 19% | 18.8× | 12.5% |
| Marks and Spencer MKS.L | $12.1B | +40% | +21% | 5% | 13.1× | 6.5% |
| B&M European Value Retail BME.L | $3.79B | +71% | +4% | 8% | 12.9× | -0.6% |
| DFS Furniture DFS.L | $420M | +12% | +3% | 7% | 9.0× | -2.5% |
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 | DNLM.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.2% | +9.5% | 7th highest of 21 |
| 6-month return | +24.2% | -2.2% | 7th highest of 20 |
| Distance from 52-week high | -23.1% | -20.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +3.1% | +10.8% | 8th lowest of 21 |
| Operating margin | 11.9% | 8.4% | 5th highest of 21 |
| Forward P/E | 11.7× | 17.1× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.4% | 5.8% | 8th least demanding of 17 |
| Growth delivered (Del g) | +6.4% | +8.0% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | -4.1 pp | -4.2 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +20.6 pp | +2.0 pp | 3rd highest of 21 |
| EV / EBITDA | 7.1× | 11.7× | 4th cheapest of 17 |
| Net debt / EBITDA | 1.2× | 2.1× | 5th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |