Mitie lifts revenue 10% as Marlowe integration and record pipeline underpin FY26 targets

Mitie Group plc ( (GB:MTO) ) has shared an announcement.

Mitie reported another quarter of strong trading, with Q3 FY26 revenue rising 10% year-on-year to £1.45bn, driven by 4% organic growth and a 6% contribution from acquisitions, chiefly Marlowe, while free cash flow for the year to date reached £74m. The group has secured £4.7bn of contract wins and renewals in the first nine months, expanded its bidding pipeline to a record £30.4bn and continues to integrate Marlowe ahead of schedule, unlocking synergies and cross-selling opportunities in compliance services, notably Total Fire & Security and Total Managed Water. A significant US Navy facilities management award in joint venture with Amentum, ongoing portfolio optimisation, disciplined use of leverage following refinancing of the Marlowe bridge facility with US private placement notes, and an active £100m share buyback underline management’s confidence in delivering at least £5.7bn of revenue, over £260m of operating profit and more than £120m of free cash flow in FY26, reinforcing Mitie’s positioning as a consolidator and growth leader in the UK facilities management and compliance market.

The most recent analyst rating on (GB:MTO) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on Mitie Group plc stock, see the GB:MTO Stock Forecast page.

Spark’s Take on GB:MTO Stock

According to Spark, TipRanks’ AI Analyst, GB:MTO is a Outperform.

Mitie Group plc’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust revenue growth and strategic initiatives. The technical analysis and valuation suggest some caution due to potential overvaluation and overbought conditions. The company’s proactive corporate events, including share buybacks and acquisitions, further support its market position and shareholder value.

To see Spark’s full report on GB:MTO stock, click here.

More about Mitie Group plc

Mitie Group plc is the UK’s leading facilities management, transformation and compliance provider, delivering services such as security, technical and engineering maintenance, hygiene, environmental services and regulatory-driven compliance solutions. The company increasingly focuses on complex, long-term contracts for public sector and blue-chip private clients, and has expanded its footprint in high-growth compliance niches through acquisitions like Marlowe, building AI-enabled, data-driven offerings in areas such as fire and security and managed water services.

Average Trading Volume: 4,019,293

Technical Sentiment Signal: Buy

Current Market Cap: £2.16B

For a thorough assessment of MTO stock, go to TipRanks’ Stock Analysis page.