profit from every £100 of sales.
£0£100
Spirax Group
£73.35+0.48% today
+7.2% in 1 year
1-year low £63.001-year high £79.60
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, 2022 to 2025.
0%20% a year
You pay £33.13 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 Spirax Group sold, what it kept, and what it did with the cash.
Sales went from £1.61 billion in 2022 to £1.70 billion in 2025, with £163 million of profit last year.
SalesProfit
Spirax Group handed back 54% of the cash it generated last year.
£123M
Free cash flow 2025£228M
Bought back its own shares–
Paid as dividends£123M
Cash vs. debt£369M vs. £1.0B
Spirax Group vs. similar companies
Spirax Group grows the slowest 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 |
|---|---|---|---|
| Spirax Group | 33.1× · Expensive | ||
 GE Vernova | 44.9× · Expensive | ||
 Schneider Electric S.E. | 33.1× · Expensive | ||
 Eaton | 34.2× · Expensive | ||
 Parker-Hannifin | 33.1× · Expensive |
AI analysis
An AI analyst reads Spirax Group'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 GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,611 | 1,683 | 1,665 | 1,703 | |
| 1,226 | 1,280 | 1,269 | 1,308 | |
| 317 | 284 | 305 | 265 | |
| 405 | 408 | 419 | 376 | |
| 225 | 184 | 191 | 163 | |
| 3.04 | 2.49 | 2.59 | 2.21 | |
| 76.1% | 76.1% | 76.2% | 76.8% | |
| 19.7% | 16.9% | 18.3% | 15.6% | |
| 14.0% | 10.9% | 11.5% | 9.6% |
Balance sheet
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,785 | 2,708 | 2,645 | 2,661 |
| Cash | 329 | 360 | 334 | 369 |
| Total debt | 1,085 | 1,123 | 1,026 | 1,024 |
| Total liabilities | 1,615 | 1,551 | 1,436 | 1,439 |
| 1,169 | 1,157 | 1,209 | 1,222 | |
| 74 | 74 | 74 | 74 | |
| 10.8% | 9.7% | 10.6% | 9.1% | |
| 19.2% | 15.9% | 15.8% | 13.4% |
Cash flow
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 241 | 299 | 313 | 296 | |
| 118 | 105 | 93 | 68 | |
| 124 | 193 | 220 | 228 | |
| Dividends paid | 103 | 115 | 119 | 123 |
| – | – | – | – | |
| 9 | 6 | 3 | 6 |
Valuation
- 33.1×
- –
- –
- 4.2×
- 3.2×
- 23.7×
- 16.2×
- 4.2%
- 3.0%
- 2.3%
Profitability
- 76.8%
- 15.6%
- 9.6%
- –
- 9.1%
- 10.1%
- –
- –
- –
- –
Growth
- +1.9%
- −10.1%
- –
- –
- +0.0%
Financial health
- 1.8×
- 0.84
- –
- 5.8×
- 1.85
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 40%of 979
Top 23%of 984
Bottom 26%of 862
Bottom 20%of 983
Top 43%of 986
2.3%of the share price, paid each year
On $1,000 invested$23a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
75.0% of its profit
Room to growStretchedMore than it earns: 53.7%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
53No pass
Benjamin Graham
43No pass
Philip Fisher
47No pass
Peter Lynch
24No pass
Joel Greenblatt
22No pass
Charlie Munger
46No pass
Terry Smith
48No pass
Questions about Spirax Group
Is Spirax Group a good stock to buy?
A solid business, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. 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 Spirax Group AI analysis
What does Spirax Group do?
Spirax Group plc provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It operates through three segments: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions. It is in Specialty Industrial Machinery, based in Cheltenham, United Kingdom, with 10,072 employees.
Does Spirax Group pay a dividend?
Yes. At today's price the dividend is 2.3% a year, about 75% of its yearly profit. In 2025 it paid out £123 million in dividends.
Is Spirax Group stock halal?
Yes. Spirax Group passes our halal screen: its business is permitted and its debt is 19% of its market value, under the 30% limit. How we check
How has Spirax Group stock done over the past year?
Up 7.2% over the past twelve months, to £73.35. It traded between £63.00 and £79.60 and is 7.9% below its high.
Who are Spirax Group's competitors?
The largest listed companies in the same industry are GE Vernova, Schneider Electric S.E., Eaton and Parker-Hannifin. The peers table on this page compares their profit, growth and price with Spirax Group's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.