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UK builders' merchant group distributing building materials and tools to trade professionals and consumers.
UK builders' merchant group distributing building materials and tools to trade professionals and consumers.
Buys materials from manufacturers and resells them to trade customers on credit accounts, so margin depends on buying power and branch density, and volume follows UK repair, maintenance and house building. Its Wickes DIY chain was demerged in 2021, leaving it focused on trade customers.
In one line: A UK Builders FirstSource / Home Depot Pro peer.
Moat: narrow (scale, distribution, installed base). Extensive UK branch network gives scale and trade-account relationship advantages.
Headquarters: Northampton, UK · Founded: 1904 · Employees: 17,302
Size Travis Perkins (TPK.L) is a United Kingdom Industrials company (Wholesale Distributors) with a market value of $1.86B, the 168th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £656.00 on 6 Nov 2026.
Performance Over six months the shares gained 28.1%, against +3.6% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +6.4%); the operating margin is 2.6% (peer median 6.7%).
Valuation It trades at 23.2× forward earnings against a peer median of 16.2× (6th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +4%, 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 7.7 points below its cost of capital (11.4% WACC).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £4.52B | £4.56B | £4.61B | £4.84B | £4.99B |
| Revenue growth | — | -1% | -5% | -3% | — |
| Gross profit | £1.20B | £1.18B | £1.19B | £1.29B | £1.38B |
| EBITDA | £268M | £277M | £317M | £346M | £428M |
| Net income | -£172M | -£176M | -£77.4M | £38.1M | £192M |
| Free cash flow | £286M | £281M | £190M | £93.9M | £125M |
| Capital expenditure | £69.4M | £77.3M | £72.2M | £133M | £139M |
| Total debt | n/a | £1.05B | £1.09B | £1.05B | £1.05B |
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 |
|---|---|---|---|---|---|---|
| Travis Perkins TPK.L | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% |
| Grafton GFTU.L | $2.59B | +25% | +9% | 6% | 13.6× | 8.8% |
| Kingfisher KGF.L | $8.17B | +34% | +1% | 5% | 13.9× | 5.7% |
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 | TPK.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.4% | -0.3% | 3rd highest of 21 |
| 6-month return | +28.1% | +3.6% | 4th highest of 21 |
| Distance from 52-week high | -9.3% | -22.7% | 5th highest of 21 |
| Revenue growth (TTM) | -0.5% | +6.4% | 7th lowest of 21 |
| Operating margin | 2.6% | 6.7% | 4th lowest of 19 |
| Forward P/E | 23.2× | 16.2× | 6th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 8.5% | 4.3% | 4th most demanding of 18 |
| Growth delivered (Del g) | +4.3% | +8.8% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | +4.2 pp | -8.3 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | -7.7 pp | +1.0 pp | lowest of 18 |
| EV / EBITDA | 7.2× | 12.1× | 2nd cheapest of 10 |
| Net debt / EBITDA | 2.0× | 2.2× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
| Pengxin International Mining 600490.SS | China | $1.85B | -32% | -20% | n/a | n/a | 6.6% | -17.2% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Tibet Huayu Mining 601020.SS | China | $1.83B | -48% | -22% | 23% | n/a | n/a | n/a |
| Inaba Denkisangyo 9934.T | Japan | $1.82B | -4% | +15% | 8% | n/a | -11.9% | +8.5% |
| Happinet 7552.T | Japan | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% | +11.1% |
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | n/a | -14.9% | +36.3% |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 25.2× | 7.2% | +13.9% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 13.5× | -5.1% | +1.1% |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 16.2× | 4.9% | +10.9% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |