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UK pet retailer selling pet food and supplies while also operating in-store veterinary practices and grooming services.
UK pet retailer selling pet food and supplies while also operating in-store veterinary practices and grooming services.
Earns most from selling food and supplies, a repeat purchase pets need, and uses its stores and VIP loyalty club to draw owners to its vet practices, many run as joint ventures with the vets themselves. Subscription plans for vet and grooming care add recurring income.
In one line: A UK PetSmart/Petco peer.
Moat: narrow (scale, distribution, brand). Integrated retail-plus-vet-services model and a loyalty program build customer stickiness.
Headquarters: Handforth, UK · Founded: 1991 · Employees: 17,618
Size Pets At Home (PETS.L) is a United Kingdom Consumer Discretionary company (Specialty Stores) with a market value of $1.51B, the 186th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £261.00 on 6 Nov 2026.
Performance Over six months the shares gained 48.0%, against -10.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 0.8% over the last twelve months (peer median +3.8%); the operating margin is 6.7% (peer median 6.3%).
Valuation It trades at 15.9× forward earnings against a peer median of 13.3× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.1 points below its cost of capital (10.6% WACC).
Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £1.47B | £1.47B | £1.48B | £1.48B | £1.40B |
| Revenue growth | — | -1% | 0% | +5% | — |
| Gross profit | £672M | £672M | £691M | £688M | £665M |
| EBITDA | £201M | £201M | £229M | £233M | £234M |
| Net income | £62.5M | £62.5M | £88.2M | £79.2M | £101M |
| Free cash flow | £147M | £147M | £167M | £162M | £171M |
| Capital expenditure | £42.8M | £42.8M | £49.4M | £48.5M | £77.6M |
| Total debt | n/a | £397M | £380M | £426M | £542M |
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 |
|---|---|---|---|---|---|---|
| Pets At Home PETS.L | $1.51B | +48% | -1% | 7% | 15.9× | 9.2% |
| CVS CVSG.L | $1.23B | +20% | +6% | 11% | 14.3× | 13.7% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
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 | PETS.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.2% | +1.4% | highest of 21 |
| 6-month return | +48.0% | -10.2% | highest of 21 |
| Distance from 52-week high | -1.5% | -22.4% | highest of 21 |
| Revenue growth (TTM) | -0.8% | +3.8% | 6th lowest of 21 |
| Operating margin | 6.7% | 6.3% | 11th highest of 21 |
| Forward P/E | 15.9× | 13.3× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | -0.3% | 4th most demanding of 17 |
| Growth delivered (Del g) | +5.2% | +5.1% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | +4.0 pp | -5.0 pp | 3rd most demanding of 17 |
| ROIC minus cost of capital | -5.1 pp | +3.6 pp | 3rd lowest of 21 |
| EV / EBITDA | 7.4× | 7.3× | 6th most expensive of 12 |
| Net debt / EBITDA | 1.8× | 2.4× | 8th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pets At Home PETS.L | United Kingdom | $1.51B | +48% | -1% | 7% | 15.9× | 9.2% | +5.2% |
| Savers Value Village SVV | United States | $1.52B | +22% | +10% | 8% | 18.2× | 12.9% | +15.0% |
| Luk Fook Holdings (International) 0590.HK | Hong Kong | $1.58B | -9% | +29% | 20% | 6.1× | n/a | n/a |
| Leon's Furniture LNF.TO | Canada | $1.43B | +16% | 0% | 8% | 13.3× | -3.3% | +3.0% |
| Honasa Consumer HONASA.NS | India | $1.61B | +32% | +21% | 10% | 52.9× | 42.5% | +39.1% |
| National Vision EYE | United States | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% | +3.0% |
| Itochu Enex 8133.T | Japan | $1.41B | +3% | +2% | 3% | n/a | -7.1% | +2.9% |
| Sun Art Retail 6808.HK | Hong Kong | $1.37B | -24% | -10% | 0% | n/a | 1.6% | -9.4% |
| Bilia BILI-A.ST | Sweden | $1.37B | +9% | +1% | 3% | 14.6× | 0.9% | +6.0% |
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| SILICON 2 257720.KS | South Korea | $1.30B | -39% | +55% | 19% | 7.2× | -14.8% | +62.2% |
| Rusta RUSTA.ST | Sweden | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% | +7.3% |
| Chengdu Fusen Noble-House Industrial 002818.SZ | China | $1.26B | -8% | -22% | 42% | 11.2× | -2.7% | -1.0% |
| Nextage 3186.T | Japan | $1.25B | -26% | +24% | 4% | 11.2× | -0.1% | +22.0% |
| Kidswant Digital Technology 301078.SZ | China | $1.24B | -25% | +5% | 5% | 21.8× | -0.6% | +4.2% |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| MarineMax HZO | United States | $1.16B | +21% | -6% | 2% | 32.8× | n/a | n/a |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| Sinomach Automobile 600335.SS | China | $1.16B | -14% | -11% | 2% | n/a | -10.9% | -4.2% |