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Diageo plc

DEO Consumer Defensive Beverages Wineries & Distilleries

Diageo plc’s revenue for fiscal 2026 (year ended June 2026) was $19.6 billion, down 2.97% from fiscal 2025. Operating cash flow growth for three consecutive years.

95.11 1.15 +1.22%
Market cap
$52.3B
P/E
24.8×
Fwd P/E
—
Dividend yield
4.75%
F-score
4/9
Altman Z
1.85
Beneish M
−2.82
Dividend safety
20/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.27%

Capital & Financial Ratios $m

Market Cap 52,280.00
Revenue 40,870.20
Net Income 8,681.00
Free Cash Flow 9,187.00
Net Debt 20,633.00
Current Ratio 1.60 (at or above 1.5: strong)
Debt/Equity 1.75
P/E ratio 24.79
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth (13.22%) (below 0%: weak)
This Y EPS Growth 0.98%
Next Y EPS Growth 5.98%
Next Y revenue growth —
Next 5Y EPS Growth 4.51%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.5× in 2023 to 0.6× in 2020.
P/E against its own 10 years 36.16%
10-year low 10-year high
EV/Sales against its own 10 years 28.49%
10-year low 10-year high
EV/FCF against its own 10 years 77.00%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 4.52
Annual Dividend Yield 4.75%
total individual payouts
2026 2.00
0.80
1.20
2025 4.14
1.62
2.52
2024 4.14
1.62
2.52
2023 3.94
1.54
2.39
2022 3.63
1.53
2.10
2021 3.96
1.53
2.43
2020 3.55
1.36
2.19
2019 3.45
1.36
2.09
2018 3.50
1.40
2.10
2017 3.20
1.18
2.02
2016 3.12
1.27
1.85
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 2,250 1,485 2,724 2,017
Receivables 3,719 3,791 3,858 3,521
Inventory 9,653 9,720 10,658 10,529
Other 290 130 257 1,145
15,622 15,126 17,497 17,212
2023 2024 2025 2026
Payables 6,678 6,354 6,952 6,425
ST’ Debt 2,595 3,233 3,206 2,792
Other 150 145 416 1,306
9,593 9,868 10,712 10,730

Compound Annual Growth %

10y 5y 3y
Sales 2.36% 2.77% (1.50%)
Cash Flow 1.51% (2.24%) 6.50%
Earnings (6.30%) (13.47%) (26.89%)
Book Value (1.53%) 2.68% 3.43%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 19,643
’25 — — — — 20,245
’24 — — — — 20,269
’23 — — — — 20,555
’22 — — — — 20,568
’21 — — — — 17,137
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 4,392
’25 — — — — 4,297
’24 — — — — 4,105
’23 — — — — 3,636
’22 — — — — 5,238
’21 — — — — 4,918
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — 3,211 — 1,532 3,211
’25 — 2,748 — 1,696 2,748
’24 — 2,609 — 1,571 2,609
’23 — 2,237 — 962 2,235
’22 — 3,800 — 2,120 3,800
’21 — 4,093 — 2,321 4,093
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 3.12
’25 — — — — 4.23
’24 — — — — 6.91
’23 — — — — 8.23
’22 — — — — 7.03
’21 — — — — 6.34
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 103.44 131.22 137.88 100.52 153.67 160.09 135.63 117.72 85.12 72.45

Analyst estimates 2027–2029

Powerpack
High 146.79 151.31 176.22 171.29 222.08 223.14 190.02 154.71 127.00 102.74
People
People Employees 31,472 30,761 29,402 28,490 28,025 28,137 30,419 30,367 29,860 27,938
Revenue/emp, $m 0.49 0.53 0.57 0.52 0.61 0.73 0.68 0.67 0.68 0.70
Income, $m
Income, $m Revenue 15,283 16,384 16,651 14,817 17,137 20,568 20,555 20,269 20,245 19,643
Gross margin, % 61.16 61.90 62.18 60.40 60.43 61.34 59.67 60.18 60.13 59.47
EBT 4,514 5,038 5,481 2,576 4,988 5,840 5,642 5,460 3,537 2,564
EBT margin, % 29.54 30.75 32.91 17.38 29.11 28.39 27.45 26.94 17.47 13.05
Net income 3,516 4,235 4,318 1,833 3,767 4,443 4,479 4,166 2,538 1,958
Depreciation 458 664 484 2,319 602 1,102 1,297 493 1,718 2,480
Per share, $
Per share, $ Revenue 24.34 26.38 27.55 25.26 29.33 35.49 36.32 36.29 36.44 35.33
Earnings 5.53 6.56 6.77 3.03 6.36 7.05 8.26 6.93 4.24 3.12
Cash flow 6.33 6.69 6.95 4.99 8.42 9.04 6.42 7.35 7.74 7.90
Capex (0.95) (1.18) (1.37) (1.47) (1.41) (2.48) (2.48) (2.68) (2.79) (2.12)
Free cash flow 5.37 5.51 5.59 3.51 7.01 6.56 3.95 4.67 4.95 5.78
Book value 24.29 25.41 21.74 18.14 19.42 21.85 20.69 21.61 23.72 23.30
Shares, m 628 621 605 587 584 580 566 559 556 556
Valuation, ×
Valuation, × P/E 8.41 14.20 102.26 54.58 81.12 51.51 45.21 32.81 26.28 20.95
P/S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 0.00 0.00 0.00 0.57 0.52 0.52 0.49 0.52 0.54 0.50
EV/FCF 1.16 1.33 1.56 2.12 1.73 1.58 2.17 2.89 2.56 2.25
Cash, $m
Cash, $m Operating cash flow 3,972 4,154 4,203 2,925 4,918 5,238 3,636 4,105 4,297 4,392
Capex (599) (733) (827) (865) (825) (1,438) (1,401) (1,496) (1,549) (1,181)
Free cash flow 3,374 3,421 3,376 2,060 4,093 3,800 2,235 2,609 2,748 3,211
Balance, $m
Balance, $m Working capital 2,526 3,140 3,067 6,272 5,791 5,979 6,029 5,258 6,785 6,482
Total debt 12,226 13,933 16,839 22,148 20,684 22,851 22,185 22,789 24,777 22,650
Net debt 10,613 12,709 15,468 17,864 16,821 19,475 19,935 21,304 22,053 20,633
Shareholders’ equity 15,255 15,777 13,143 10,641 11,347 12,664 11,709 12,070 13,178 12,954
Returns, %
Returns, % ROA 8.56 10.63 10.16 4.31 8.42 9.44 9.51 8.57 4.97 3.61
ROIC 10.91 10.91 11.43 5.91 11.14 11.41 10.96 11.24 7.69 5.87
ROE 22.24 26.23 28.28 14.94 32.56 36.02 36.47 32.55 18.65 13.29
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026

Charts ten years each

Diageo plc vs peers in Beverages Wineries & Distilleries (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DEO Diageo plc $52.3B 24.8× — +19.67% (above 0%: growing) +26.80% (above 0%: growing) +23.07% (above 0%: growing) 57.43% 0.00%
BF.B Brown-Forman Corporation $13.2B 18.6× 15.4× −1.41% (below 0%: shrinking) +5.56% (above 0%: growing) −0.62% (below 0%: shrinking) 60.26% 27.66% Compare
BF.A Brown Forman Corporation $13.2B 19.0× — −1.41% (below 0%: shrinking) +5.56% (above 0%: growing) −0.62% (below 0%: shrinking) 60.26% 27.66% Compare
AGCC Agencia Comercial Spirits Ltd $864.5M — — — — — — — Compare
MGPI MGP Ingredients, Inc. $329.8M — (loss-making) — (loss-making) −14.53% (below 0%: shrinking) −17.91% (below 0%: shrinking) −9,268.76% (below 0%: shrinking) 37.37% 14.19% Compare
SNDL SNDL Inc. $297.8M — (loss-making) — (loss-making) −3.77% (below 0%: shrinking) n/m −15.78% (below 0%: shrinking) 23.90% (2.67%) Compare
WVVI Willamette Valley Vineyards, Inc. $10.0M — (loss-making) — (loss-making) −1.56% (below 0%: shrinking) n/m +54.68% (above 0%: growing) 57.53% (13.49%) Compare
IBG Innovation Beverage Group Limited $3.6M — — — n/m — 70.21% (49.22%) Compare
EPSM Epsium Enterprise Limited $2.8M — — — — −271.23% (below 0%: shrinking) — — Compare
Median of peers $313.8M — — −1.56% +5.56% −8.20% 58.90% 5.76%

All 11 Beverages Wineries & Distilleries stocks →

Diageo plc (DEO) key facts

  • Concern: Diageo plc’s revenue for fiscal 2026 (year ended June 2026) was $19.6 billion, down 2.97% from fiscal 2025.
  • Concern: Net income was $2.0 billion, or $3.12 per share (basic), a net margin of 8.84%.
  • Diageo plc (DEO) is a Beverages Wineries & Distilleries company in the Consumer Defensive sector, traded in the US as an ADR.
  • As of October 16, 2026, DEO traded at $95.11, a market capitalization of $52.3 billion.
  • At that price the stock trades at 24.8× trailing-twelve-month earnings; its P/E is higher than 36% of its own readings over the past ten years.
  • Diageo plc pays an annual dividend of $4.52 per share, a yield of 4.75%.
  • Return on equity was 13.3% and debt-to-equity 1.75.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.85 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Diageo plc (DEO) Latest News

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stockrow.com/DEO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com