profit from every £100 of sales.
£0£100
BH Macro
£4.11-0.48% today
+1.4% in 1 year
1-year low £3.951-year high £4.60
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2024.
0%20% a year
You pay £29.99 for every £1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What BH Macro sold, what it kept, and what it did with the cash.
Sales went from $23.7 million in 2021 to $152 million in 2024, with $58.2 million of profit last year.
SalesProfit
BH Macro handed back 85% of the cash it generated last year.
Buybacks $149M
Free cash flow 2024$175M
Bought back its own shares$149M
Paid as dividends–
BH Macro vs. similar companies
BH Macro grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from £100 of sales | Sales growth a year | Price per £1 of profit |
|---|---|---|---|
| BH Macro | 30.0× · Fair price | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads BH Macro's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 24 | 138 | 160 | 152 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 12 | 112 | 66 | 58 | |
| – | 0.39 | 0.19 | 0.15 | |
| – | – | – | – | |
| – | – | – | – | |
| 50.7% | 81.0% | 41.5% | 38.2% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total assets | 1,307 | 1,707 | 2,079 | 2,002 |
| Cash | 16 | 8 | 20 | 45 |
| Total debt | – | – | – | – |
| Total liabilities | 10 | 67 | 4 | 18 |
| 1,298 | 1,640 | 2,075 | 1,984 | |
| – | 286 | 353 | 381 | |
| – | – | – | – | |
| 0.9% | 6.8% | 3.2% | 2.9% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| -84 | -241 | -358 | 175 | |
| – | – | – | – | |
| -84 | -241 | -358 | 175 | |
| Dividends paid | – | – | – | – |
| 65 | 0 | 5 | 149 | |
| – | – | – | – |
Valuation
- 30.0×
- –
- –
- 0.7×
- 11.5×
- 10.0×
- –
- 10.0%
- 3.3%
- –
Profitability
- –
- –
- 38.2%
- –
- –
- –
- –
- –
- –
- –
Growth
- +86.0%
- –
- –
- –
- +5.0%
Financial health
- –
- –
- –
- –
- –
- –
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 18%of 881
Top 4%of 880
Top 22%of 926
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about BH Macro
Is BH Macro a good stock to buy?
A strong, very profitable business at a fair price. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the BH Macro AI analysis
What does BH Macro do?
BH Macro Limited is a feeder fund launched and managed by Brevan Howard Asset Management LLP. It invests its entire corpus in the Brevan Howard Master Fund Limited. BH Macro Limited was formed on January 17, 2007 and is domiciled in Guernsey, Channel Islands. It is in Asset Management, based in Saint Helier, Jersey.
How has BH Macro stock done over the past year?
Up 1.4% over the past twelve months, to £4.11. It traded between £3.95 and £4.60 and is 10.8% below its high.
Who are BH Macro's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with BH Macro's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.