PSOPearson plc

$16.43

Is the business good?

How good a business is PSO?

Pearson plc earns 8.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

8.3%

Return on invested capital · cost of capital 9.0% · 0.75 points below what the capital costs: growth destroys value

Operating margin
14%

Operating margin · Communication Services median 12% · fiscal year to FY2025

Share count, year on year
−3.5%

Share count, year on year · bought back, each share owns more of the company

R&D as % of revenue
0.22%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY202012%
FY20215.3%
FY20227.1%
FY202314%
FY202415%
FY202514%
Details
Gross marginfiscal year to FY2025
52%
Operating marginfiscal year to FY2025
14%
Net marginfiscal year to FY2025
9.4%
R&D as % of revenue
0.22%
Revenue, trailing twelve months
$3.58B
Net income, trailing twelve months
$335M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
8.3%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.