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Employees: 2,377
Size Dr. Martens (DOCS.L) is a United Kingdom Consumer Discretionary company (Apparel/Footwear) with a market value of $824M, the 239th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £64.00 on 6 Nov 2026.
Performance Over six months the shares gained 2.9%, against -0.3% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 2.9% over the last twelve months (peer median +7.0%); the operating margin is 10.1% (peer median 7.8%).
Valuation It trades at 13.0× forward earnings against a peer median of 21.1× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (7.6% WACC).
Next results Next results expected around 26 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £765M | £766M | £788M | £877M | £1.00B |
| Revenue growth | — | -3% | -10% | -12% | — |
| Gross profit | £437M | £439M | £439M | £503M | £564M |
| EBITDA | £146M | £142M | £133M | £199M | £245M |
| Net income | £23.8M | £23.8M | £4.50M | £69.2M | £129M |
| Free cash flow | £116M | £116M | £160M | £133M | £32.1M |
| Capital expenditure | £11.9M | £11.9M | £18.7M | £28.4M | £51.4M |
| Total debt | n/a | £391M | £402M | £469M | £446M |
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 | DOCS.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -4.1% | 10th lowest of 21 |
| 6-month return | +2.9% | -0.3% | 11th highest of 21 |
| Distance from 52-week high | -29.2% | -32.1% | 10th highest of 21 |
| Revenue growth (TTM) | -2.9% | +7.0% | 2nd lowest of 21 |
| Operating margin | 10.1% | 7.8% | 8th highest of 21 |
| Forward P/E | 13.0× | 21.1× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -3.7% | 5.0% | 7th least demanding of 21 |
| Growth delivered (Del g) | -0.2% | +2.1% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -3.5 pp | -5.1 pp | 10th most demanding of 20 |
| ROIC minus cost of capital | +2.5 pp | +0.7 pp | 9th highest of 21 |
| EV / EBITDA | 5.7× | 12.7× | cheapest of 10 |
| Net debt / EBITDA | 1.4× | 0.4× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dr. Martens DOCS.L | United Kingdom | $824M | +3% | -3% | 10% | 13.0× | -3.7% | -0.2% |
| Ningbo Peacebird Fashion 603877.SS | China | $839M | -15% | -2% | 4% | 26.6× | -13.1% | -7.5% |
| Canada Goose GOOS.TO | Canada | $850M | -23% | +12% | 10% | 13.3× | 5.5% | +11.0% |
| Bata India BATAINDIA.NS | India | $868M | -12% | +5% | 9% | 39.2× | 28.9% | +15.5% |
| Fujian Septwolves Industry 002029.SZ | China | $873M | -20% | +1% | -3% | 20.2× | 4.5% | -2.0% |
| Relaxo Footwears RELAXO.NS | India | $768M | -4% | +2% | 8% | 32.5× | 33.5% | +2.8% |
| Logistea LOGI-B.ST | Sweden | $759M | +6% | +18% | 83% | 12.9× | 14.2% | +40.4% |
| Shoei Co. Ltd. (7839) 7839.T | Japan | $750M | +29% | +2% | 28% | 17.0× | -8.1% | +10.7% |
| Bxn 002154.SZ | China | $740M | -19% | +6% | 7% | 11.2× | -10.3% | +6.5% |
| Shanghai Puyuan Chemical Materials 603196.SS | China | $964M | -46% | +78% | 12% | 19.9× | 16.2% | -0.2% |
| World 3612.T | Japan | $701M | -5% | +15% | 6% | 8.4× | -5.1% | +9.5% |
| JOEONE 601566.SS | China | $975M | +4% | +1% | 6% | 52.6× | -2.9% | +2.1% |
| Zhonghong Pulin Medical Products 300981.SZ | China | $990M | +5% | +11% | 9% | n/a | -1.7% | -13.1% |
| Onward 8016.T | Japan | $659M | +4% | +7% | 5% | 9.2× | 1.0% | +6.1% |
| AIMER 603511.SS | China | $657M | -28% | -2% | 4% | n/a | -7.2% | -1.6% |
| Dazzle Fashion 603587.SS | China | $1.03B | +10% | +7% | 16% | 22.1× | -9.2% | -3.5% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | n/a | 51.6% | -9.4% |
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% | -1.3% |
| Campus Activewear CAMPUS.NS | India | $640M | -21% | +14% | 11% | 30.3× | 32.8% | +20.1% |
| ZheJiang AoKang Shoes 603001.SS | China | $619M | +19% | -31% | -8% | n/a | 23.6% | -6.8% |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 45.5× | 7.7% | n/a |