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One of the UK's largest homebuilders, constructing houses nationwide under Persimmon and Charles Church brands.
One of the UK's largest homebuilders, constructing houses nationwide under Persimmon and Charles Church brands.
Buys land, gets planning permission, builds homes and receives cash on completion, with some homes sold to housing associations. Strategic land, bought before planning permission is granted, costs less than permissioned land, which helps its margin per home. Persimmon covers family homes, with Charles Church the higher-priced brand.
In one line: A UK D.R. Horton/Lennar.
Moat: narrow (scale, installed base). Large strategic land bank and national build scale are hard for smaller rivals to match.
Headquarters: York, UK · Founded: 1972 · Employees: 4,675
Size Persimmon (PSN.L) is a United Kingdom Consumer Discretionary company (Homebuilding) with a market value of $5.64B, the 87th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,305 on 6 Nov 2026.
Performance Over six months the shares gained 22.1%, against +5.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 17.4% over the last twelve months (peer median +6.6%); the operating margin is 11.3% (peer median 9.6%).
Valuation It trades at 13.0× forward earnings against a peer median of 13.8× (10th cheapest of 19).
Capital Return on invested capital runs 5.4 points below its cost of capital (14.3% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £3.98B | £3.75B | £3.20B | £2.77B | £3.82B |
| Revenue growth | — | +17% | +15% | -27% | — |
| Gross profit | £661M | £656M | £580M | £526M | £868M |
| EBITDA | £472M | £431M | £410M | £364M | £738M |
| Net income | £306M | £286M | £267M | £255M | £561M |
| Free cash flow | -£157M | -£12.0M | £51.7M | -£171M | £372M |
| Capital expenditure | £26.4M | £40.6M | £32.3M | £36.4M | £30.5M |
| Total debt | n/a | £655M | £454M | £393M | £498M |
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 |
|---|---|---|---|---|---|---|
| Persimmon PSN.L | $5.64B | +22% | +17% | 11% | 13.0× | n/a |
| Barratt Redrow BTRW.L | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% |
| Taylor Wimpey TW..L | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% |
| Berkeley BKG.L | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% |
| Vistry VTY.L | $1.12B | -19% | -8% | -9% | 9.5× | 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 | PSN.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.2% | +6.1% | 10th highest of 21 |
| 6-month return | +22.1% | +5.2% | 5th highest of 21 |
| Distance from 52-week high | -15.9% | -21.4% | 7th highest of 21 |
| Revenue growth (TTM) | +17.4% | +6.6% | 3rd highest of 21 |
| Operating margin | 11.3% | 9.6% | 9th highest of 21 |
| Forward P/E | 13.0× | 13.8× | 10th cheapest of 19 |
| ROIC minus cost of capital | -5.4 pp | -0.9 pp | 6th lowest of 21 |
| EV / EBITDA | 9.3× | 9.1× | 9th most expensive of 18 |
| Net debt / EBITDA | 0.4× | 1.0× | 7th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Persimmon PSN.L | United Kingdom | $5.64B | +22% | +17% | 11% | 13.0× | n/a | n/a |
| Open House 3288.T | Japan | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% | +18.2% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Sumitomo Forestry 1911.T | Japan | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% | +15.2% |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Bellway p.l.c BWY.L | United Kingdom | $3.42B | +19% | +14% | 10% | 15.4× | 3.2% | +0.3% |
| M/I Homes MHO | United States | $3.29B | 0% | -6% | 8% | 12.8× | 8.3% | +7.7% |
| Chengdu Hi-Tech Development 000628.SZ | China | $3.10B | -39% | -32% | 4% | n/a | 57.5% | -2.1% |
| KB Home KBH | United States | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% | +8.3% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |
| NVR NVR | United States | $16.8B | +5% | -10% | 13% | 18.6× | 4.0% | +6.5% |
| GS Engineering & Construction 006360.KS | South Korea | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% | +4.2% |