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UK regulated water and wastewater utility serving households and businesses across the English Midlands and Wales border.
UK regulated water and wastewater utility serving households and businesses across the English Midlands and Wales border.
Water and sewerage charges are set under five-year price reviews by the regulator Ofwat, which allows a return on the value of the company's pipes and plants, so earnings grow mainly by investing more in the network rather than selling more water. Household customers cannot choose another supplier. Smaller side businesses include generating renewable power from food waste.
In one line: A UK regulated water utility, like American Water Works but for the Midlands.
Moat: wide (regulatory licence, scale). A regulated regional monopoly on water/wastewater infrastructure that new entrants cannot compete against.
Headquarters: Coventry, UK · Founded: 1974 · Employees: 11,000
Size Severn Trent (SVT.L) is a United Kingdom Utilities company (Water Utilities) with a market value of $13.4B, the 44th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £3,306 on 6 Nov 2026.
Performance Over six months the shares gained 5.7%, against +11.7% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th lowest of 8 in its peer set.
Growth Revenue grew 16.7% over the last twelve months (peer median +9.4%); the operating margin is 30.4% (peer median 35.5%).
Valuation It trades at 16.3× forward earnings against a peer median of 14.7× (4th most expensive of 8).
Capital Return on invested capital runs 1.9 points below its cost of capital (7.3% WACC).
Credit Severn Trent has 11 bonds outstanding ($7.18B), rated NR by the agencies and trading like BBB at a weighted spread of 128 bp.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £2.83B | £2.83B | £2.43B | £2.34B | £2.17B |
| Revenue growth | — | +17% | +4% | +8% | — |
| Gross profit | £862M | £1.71B | £1.37B | £1.28B | £1.27B |
| EBITDA | £1.36B | £1.45B | £1.13B | £993M | £991M |
| Net income | £371M | £371M | £229M | £140M | £132M |
| Free cash flow | -£972M | -£972M | -£891M | -£563M | -£150M |
| Capital expenditure | £1.94B | £1.94B | £1.59B | £1.20B | £740M |
| Total debt | n/a | £11.0B | £9.70B | £8.26B | £7.30B |
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 |
|---|---|---|---|---|---|---|
| Severn Trent SVT.L | $13.4B | +6% | +17% | 30% | 16.3× | n/a |
| United Utilities UU..L | $15.4B | +12% | +22% | 41% | 14.7× | n/a |
| Pennon PNN.L | $3.18B | -35% | +23% | 25% | 13.3× | n/a |
| American Water Works AWK | $29.9B | +21% | +5% | 37% | 23.9× | n/a |
| Veolia Environnement VIE.PA | $27.7B | -3% | 0% | 8% | 14.1× | 8.3% |
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 | SVT.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +9.4% | 3rd lowest of 8 |
| 6-month return | +5.7% | +11.7% | 4th lowest of 8 |
| Distance from 52-week high | -2.2% | -2.6% | 4th highest of 8 |
| Revenue growth (TTM) | +16.7% | +9.4% | 3rd highest of 8 |
| Operating margin | 30.4% | 35.5% | 2nd lowest of 8 |
| Forward P/E | 16.3× | 14.7× | 4th most expensive of 8 |
| ROIC minus cost of capital | -1.9 pp | -0.6 pp | 2nd lowest of 8 |
| EV / EBITDA | 14.8× | 13.4× | 4th most expensive of 8 |
| Net debt / EBITDA | 7.5× | 4.5× | most indebted of 8 |
| Bond spread | 128 bp | 89 bp | widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Severn Trent SVT.L | United Kingdom | $13.4B | +6% | +17% | 30% | 16.3× | n/a | n/a |
| Essential Utilities WTRG | United States | $12.9B | +21% | +9% | 36% | 19.8× | n/a | n/a |
| United Utilities UU..L | United Kingdom | $15.4B | +12% | +22% | 41% | 14.7× | n/a | n/a |
| Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR SBS | United States | $16.3B | -24% | +9% | 31% | 11.8× | -3.4% | +14.6% |
| Guangdong Investment 0270.HK | Hong Kong | $6.81B | 0% | +25% | 38% | 10.8× | -1.8% | -4.1% |
| Veolia Environnement VIE.PA | France | $27.7B | -3% | 0% | 8% | 14.1× | 8.3% | +11.3% |
| American Water Works AWK | United States | $29.9B | +21% | +5% | 37% | 23.9× | n/a | n/a |
| American States Water AWR | United States | $3.57B | +17% | +13% | 32% | 23.9× | 9.3% | +6.2% |
Severn Trent has 11 bonds outstanding with $7.18B face value. The agencies rate it NR; its bonds trade like BBB. Weighted yield 5.33%, a spread of 128 bp over government bonds.