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Employees: 7,649
Size RWS (RWS.L) is a United Kingdom Industrials company (Miscellaneous Commercial Services) with a market value of $677M, the 262nd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £135.60 on 6 Nov 2026.
Performance Over six months the shares gained 46.0%, against -11.5% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +15.5%); the operating margin is 4.0% (peer median 7.4%).
Valuation It trades at 10.3× forward earnings against a peer median of 15.9× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.8 points below its cost of capital (9.4% WACC).
Next results Next results expected around 15 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £706M | £690M | £718M | £734M | £749M |
| Revenue growth | — | -4% | -2% | -2% | — |
| Gross profit | £300M | £299M | £336M | £340M | £350M |
| EBITDA | £104M | £102M | £132M | £144M | £172M |
| Net income | -£96.0M | -£99.8M | £47.5M | -£27.7M | £62.7M |
| Free cash flow | £47.2M | £61.2M | £69.0M | £102M | £121M |
| Capital expenditure | £20.3M | £25.6M | £43.1M | £40.3M | £29.6M |
| Total debt | n/a | £80.5M | £102M | £86.1M | £76.0M |
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 | RWS.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | -7.1% | 10th highest of 21 |
| 6-month return | +46.0% | -11.5% | 3rd highest of 21 |
| Distance from 52-week high | -14.9% | -41.0% | 6th highest of 21 |
| Revenue growth (TTM) | -0.9% | +15.5% | 4th lowest of 21 |
| Operating margin | 4.0% | 7.4% | 9th lowest of 21 |
| Forward P/E | 10.3× | 15.9× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 11.5% | 13.4% | 7th least demanding of 14 |
| Growth delivered (Del g) | +14.2% | +11.8% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -2.7 pp | -4.6 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -6.8 pp | -1.8 pp | 7th lowest of 21 |
| EV / EBITDA | 5.4× | 8.3× | 3rd cheapest of 11 |
| Net debt / EBITDA | 0.5× | 1.5× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |
| NCS Testing Technology 300797.SZ | China | $678M | -26% | +15% | 7% | 25.1× | 22.3% | +15.0% |
| China Education 0839.HK | Hong Kong | $680M | -4% | +9% | 32% | 3.0× | n/a | n/a |
| Grand Sunergy Tech 603778.SS | China | $686M | -73% | -54% | -98% | n/a | n/a | n/a |
| Hangzhou MDK Opto Electronic 688079.SS | China | $666M | -28% | +30% | -26% | n/a | n/a | n/a |
| Guangzhou Doppler Electronic Technologies 301528.SZ | China | $663M | -5% | +35% | 22% | n/a | 42.2% | +11.8% |
| IBEX IBEX | United States | $661M | +53% | +15% | 9% | 13.1× | 0.3% | +7.7% |
| Science Environmental Protection 688480.SS | China | $694M | -51% | +37% | 10% | 29.7× | 28.2% | +28.2% |
| Matrix Design 301365.SZ | China | $660M | -31% | +9% | 4% | n/a | 29.3% | +3.6% |
| Bengo4.com 6027.T | Japan | $695M | +94% | +19% | 14% | 51.8× | 18.7% | +25.1% |
| Calian CGY.TO | Canada | $699M | +22% | +16% | 6% | 18.7× | 13.4% | +12.4% |
| Ningbo Sinyuan ZM Technology 301398.SZ | China | $700M | -5% | +42% | -18% | n/a | n/a | n/a |
| Danyang Syngen Intelligent Technology 603007.SS | China | $702M | -25% | +929% | -34% | n/a | n/a | n/a |
| Johnson Service JSG.L | United Kingdom | $704M | +10% | +2% | 11% | 11.0× | 8.3% | +18.4% |
| Duolun Technology 603528.SS | China | $706M | -13% | -6% | -30% | 31.9× | n/a | n/a |
| Aubay AUB.PA | France | $707M | -5% | +27% | 9% | 12.9× | 2.5% | +7.1% |
| IPH IPH.AX | Australia | $709M | +13% | +1% | 18% | 9.5× | -7.3% | +14.6% |
| ChemPartner PharmaTech 300149.SZ | China | $645M | -14% | +18% | 2% | n/a | 25.6% | -5.2% |
| Intrum INTRUM.ST | Sweden | $645M | -53% | -4% | 28% | n/a | -8.9% | +0.2% |
| Suzhou Delphi Laser 688170.SS | China | $717M | -23% | +20% | 1% | 78.7× | n/a | n/a |
| BELLSYSTEM24 6183.T | Japan | $637M | -10% | +1% | 8% | 11.3× | -5.7% | +1.4% |