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UK boutique asset manager offering specialist thematic and sector equity funds, such as technology and healthcare.
UK boutique asset manager offering specialist thematic and sector equity funds, such as technology and healthcare.
Charges a fee on the assets it manages, so income moves with market levels and client flows, with extra performance fees on some funds when they beat their benchmark. The technology fund family, including a London-listed investment trust, is the largest part of assets.
In one line: A UK specialist boutique fund manager.
Moat: narrow (brand, scale). Specialist sector-fund reputation attracts flows, but the approach is easily copied.
Headquarters: London, UK · Founded: 2001
Size Polar Capital (POLR.L) is a United Kingdom Financials company (Investment Managers) with a market value of $872M, the 235th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £684.00 on 6 Nov 2026.
Performance Over six months the shares fell 8.1%, against -2.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 18.9% over the last twelve months (peer median +2.4%); the operating margin is 28.5% (peer median 40.2%).
Valuation It trades at 7.1× forward earnings against a peer median of 9.4× (4th cheapest of 16).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £270M | £278M | £228M | £201M | £185M |
| Revenue growth | — | +22% | +14% | +8% | — |
| Gross profit | £232M | £239M | £196M | £174M | £160M |
| EBITDA | £79.5M | £79.5M | £69.1M | £58.5M | £53.7M |
| Net income | £58.7M | £58.7M | £35.3M | £40.8M | £35.6M |
| Free cash flow | £77.3M | £77.3M | £66.0M | £39.2M | £49.2M |
| Capital expenditure | £164,000 | £164,000 | £170,000 | £243,000 | £486,000 |
| Total debt | n/a | £4.05M | £6.15M | £7.51M | £9.26M |
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 | POLR.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | +4.7% | 2nd lowest of 21 |
| 6-month return | -8.1% | -2.2% | 9th lowest of 21 |
| Distance from 52-week high | -30.9% | -20.0% | 6th lowest of 21 |
| Revenue growth (TTM) | +18.9% | +2.4% | 4th highest of 21 |
| Operating margin | 28.5% | 40.2% | 9th lowest of 21 |
| Forward P/E | 7.1× | 9.4× | 4th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Polar Capital POLR.L | United Kingdom | $872M | -8% | +19% | 29% | 7.1× | n/a | n/a |
| Abacus Global Management ABX | United States | $859M | -3% | +64% | 33% | 7.8× | n/a | n/a |
| Navigator Global Investments NGI.AX | Australia | $858M | -21% | +2% | 11% | 7.8× | n/a | n/a |
| Compass Diversified CODI | United States | $851M | -9% | +8% | 5% | 18.5× | n/a | n/a |
| Centuria Capital CNI.AX | Australia | $848M | -25% | +3% | 56% | 9.4× | n/a | n/a |
| Generation Development GDG.AX | Australia | $897M | -23% | +66% | 104% | 27.4× | n/a | n/a |
| Virtus Investment Partners VRTS | United States | $843M | -12% | -5% | 15% | 6.0× | n/a | n/a |
| Hansa Investment HAN.L | United Kingdom | $830M | +12% | +27% | 418% | n/a | n/a | n/a |
| Kayne Anderson BDC KBDC | United States | $820M | -17% | -3% | 70% | 7.9× | n/a | n/a |
| Clairvest CVG.TO | Canada | $808M | +15% | -94% | 1,366% | n/a | n/a | n/a |
| CFM Indosuez Wealth MLCFM.PA | France | $964M | +30% | -19% | 30% | n/a | n/a | n/a |
| XPS Pensions XPS.L | United Kingdom | $966M | +19% | +13% | 16% | 14.8× | n/a | n/a |
| Alaris Equity Partners Income Trust Trust Units Reg S 3c7 AD-UN.TO | Canada | $780M | -5% | +4% | 62% | 10.9× | n/a | n/a |
| Mutares SE & Co. KGaA MUX.DE | Germany | $769M | +2% | +17% | -10% | 2.3× | n/a | n/a |
| Pollen Street POLN.L | United Kingdom | $741M | +11% | -5% | 68% | 11.4× | n/a | n/a |
| JAFCO 8595.T | Japan | $713M | -1% | -38% | 27% | 18.1× | n/a | n/a |
| Investment AB Oresund ORES.ST | Sweden | $712M | +8% | -8% | 741% | n/a | n/a | n/a |
| Ridgepost Capital RPC | United States | $1.07B | +11% | +8% | 27% | 9.0× | n/a | n/a |
| China Everbright 0165.HK | Hong Kong | $1.08B | -25% | +3% | -69% | n/a | n/a | n/a |
| Liberty Financial LFG.AX | Australia | $705M | +3% | -3% | 70% | 6.4× | n/a | n/a |
| UTI Asset Management UTIAMC.NS | India | $1.13B | -15% | -1% | 47% | 14.3× | n/a | n/a |