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UK maker of heavy-duty pumps, crushers and wear-resistant equipment used in mining and minerals processing.
UK maker of heavy-duty pumps, crushers and wear-resistant equipment used in mining and minerals processing.
Sells equipment, but profit comes from the replacement wear parts and servicing that abrasive ore forces mines to buy again and again across the installed base. Sold its oil and gas pump division to Caterpillar in 2021, so it is now almost entirely a mining supplier.
In one line: A UK mining-equipment maker, like a smaller FLSmidth or Metso.
Moat: narrow (installed base, switching costs, process know-how). A large installed base of pumps/crushers drives high-margin, recurring aftermarket parts and service revenue.
Headquarters: Glasgow, UK · Founded: 1871 · Employees: 12,787
Size Weir (WEIR.L) is a United Kingdom Industrials company (Trucks/Construction/Farm Machinery) with a market value of $8.18B, the 58th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £2,358 on 6 Nov 2026.
Performance Over six months the shares fell 3.4%, against -13.1% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +10.0%); the operating margin is 18.1% (peer median 12.0%).
Valuation It trades at 18.1× forward earnings against a peer median of 15.9× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +14 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 3.1 points below its cost of capital (13.4% WACC).
Credit Weir has 1 bond outstanding ($200M), rated BBB- by the agencies.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £2.64B | £2.56B | £2.51B | £2.64B | £2.47B |
| Revenue growth | — | +2% | -5% | +7% | — |
| Gross profit | £1.04B | £1.09B | £1.05B | £1.02B | £910M |
| EBITDA | £610M | £605M | £548M | £531M | £475M |
| Net income | £263M | £247M | £312M | £228M | £213M |
| Free cash flow | £235M | £263M | £340M | £279M | £222M |
| Capital expenditure | £73.9M | £65.2M | £72.5M | £86.7M | £62.7M |
| Total debt | n/a | £1.78B | £1.09B | £1.40B | £1.49B |
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 |
|---|---|---|---|---|---|---|
| Weir WEIR.L | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% |
| Metso METSO.HE | $15.8B | +14% | +8% | 15% | 23.6× | 15.3% |
| FLSmidth & Co. A/S FLS.CO | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% |
| Sandvik SAND.ST | $45.8B | -1% | +14% | 20% | 21.0× | 13.3% |
| Sulzer SUN.SW | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% |
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 | WEIR.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.1% | -7.6% | 11th highest of 21 |
| 6-month return | -3.4% | -13.1% | 7th highest of 21 |
| Distance from 52-week high | -34.1% | -30.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +5.8% | +10.0% | 5th lowest of 21 |
| Operating margin | 18.1% | 12.0% | 5th highest of 21 |
| Forward P/E | 18.1× | 15.9× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 19.3% | 3.1% | most demanding of 17 |
| Growth delivered (Del g) | +5.5% | +11.5% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | +13.8 pp | -6.5 pp | most demanding of 17 |
| ROIC minus cost of capital | -3.1 pp | +11.4 pp | 4th lowest of 19 |
| EV / EBITDA | 12.4× | 11.8× | 6th most expensive of 16 |
| Net debt / EBITDA | 2.4× | 0.9× | 5th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |
| AGCO AGCO | United States | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% | +2.0% |
| Gaztransport & Technigaz GTT.PA | France | $7.50B | -13% | +9% | 64% | 16.1× | -3.1% | +15.2% |
| Konecranes KCR.HE | Finland | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% | +5.7% |
| Accelleron Industries ACLN.SW | Switzerland | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% | +12.1% |
| Doosan 000150.KS | South Korea | $7.10B | -60% | +11% | 6% | 16.1× | 15.0% | +11.6% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| Babcock International BAB.L | United Kingdom | $6.60B | 0% | +7% | 6% | 15.4× | 13.2% | +5.5% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Hitachi Construction Machinery 6305.T | Japan | $6.36B | -12% | +7% | 10% | 11.2× | 3.9% | +11.6% |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Terex TEX | United States | $6.18B | -14% | +40% | 7% | 9.9× | 12.1% | +12.0% |
| Hyundai Rotem 064350.KS | South Korea | $5.75B | -73% | +12% | 15% | 9.7× | -4.0% | +16.0% |
| TKMS AG & Co. KGaA TKMS.DE | Germany | $5.57B | +8% | +15% | 5% | 39.8× | n/a | n/a |
| Alstom ALO.PA | France | $5.56B | -40% | +4% | 4% | n/a | 2.7% | +16.9% |
| Sinotruk Hong Kong 3808.HK | Hong Kong | $12.3B | -12% | +38% | 7% | 9.4× | -3.2% | +1.5% |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Hdksoe 009540.KS | South Korea | $12.5B | -48% | +23% | 23% | 4.4× | n/a | n/a |
| XCMG Construction Machinery 000425.SZ | China | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% | +6.4% |
Weir has 1 bond outstanding with $200M face value. The agencies rate it BBB-.