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Marshalls
(LSE:MSLH)
Marshalls (MSLH) vs. iShares MSCI United Kingdom ETF (EWC)
Marshalls Business Overview & Revenue Model
Marshalls Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 472.25M | 619.20M | 671.20M | 719.37M | 589.26M | 469.45M |
| Gross Profit | 292.10M | 391.50M | 220.10M | 250.82M | 199.49M | 136.77M |
| EBITDA | 58.00M | 84.20M | 84.30M | 90.08M | 103.89M | 39.66M |
| Net Income | 19.35M | 31.00M | 18.60M | 26.80M | 54.81M | 2.37M |
Balance Sheet | ||||||
| Total Assets | 1.10B | 1.08B | 1.11B | 1.21B | 595.97M | 614.43M |
| Cash, Cash Equivalents and Short-Term Investments | 16.70M | 18.90M | 34.50M | 56.26M | 41.21M | 103.71M |
| Total Debt | 208.60M | 188.20M | 252.10M | 292.87M | 82.33M | 179.27M |
| Total Liabilities | 430.70M | 414.80M | 472.80M | 547.80M | 251.66M | 326.58M |
| Stockholders Equity | 670.50M | 661.30M | 641.30M | 660.29M | 343.33M | 286.90M |
Cash Flow | ||||||
| Free Cash Flow | 39.35M | 67.60M | 56.90M | 55.19M | 43.62M | -2.38M |
| Operating Cash Flow | 49.25M | 76.80M | 77.70M | 85.34M | 65.54M | 12.38M |
| Investing Cash Flow | -15.40M | -9.80M | -18.20M | -114.94M | -7.03M | -3.31M |
| Financing Cash Flow | -51.70M | -82.70M | -81.10M | 44.35M | -120.95M | 41.41M |
Marshalls Technical Analysis
Marshalls Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £1.20B | 13.41 | 7.90% | 4.47% | 7.83% | -7.40% | |
74 Outperform | £1.59B | 35.66 | 6.07% | ― | 32.27% | ― | |
72 Outperform | £78.72M | 14.91 | 5.71% | 5.35% | -0.29% | -33.41% | |
69 Neutral | £389.64M | 24.38 | 7.03% | 2.13% | 15.99% | 96.05% | |
68 Neutral | £418.79M | 17.00 | 3.57% | 4.18% | 1.31% | 10.19% | |
67 Neutral | £512.32M | 41.88 | 3.10% | 2.39% | 5.58% | 66.49% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Marshalls Corporate Events
Marshalls reported that its 2025 adjusted profit before tax is expected to be in line with market expectations and that group revenue rose 2% year-on-year to £632 million, reflecting a modest return to growth in subdued end markets. Landscaping Products revenue slipped 1% as volume gains were offset by price and mix effects, while Building Products and Roofing Products each grew 4%, driven by strong performance in water management and a 32% annual revenue increase at Viridian Solar, partially offset by softness in bricks and a second-half decline at Marley. The company has implemented a Landscaping Products improvement plan, including exiting UK quarried natural stone processing, which is on track to deliver £11 million in annualised cost savings, with £3 million realised in 2025, supporting volume and market share gains. Marshalls’ balance sheet remains robust with pre-IFRS 16 net debt of £138 million and £125 million of undrawn headroom on its refinanced syndicated facility, giving it capacity to fund strategic and operational growth. Despite ongoing uncertainty in its end markets and no expectation of a near-term demand rebound, the board anticipates improved financial performance in 2026 driven by the lower cost base and continued execution of its ‘Transform & Grow’ strategy, under the leadership of newly appointed CEO Simon Bourne, positioning the group to benefit from a future market recovery and structural growth drivers.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc has confirmed the appointment of Simon Bourne as its Chief Executive Officer with immediate effect, following a formal search process that began after he took on the role on an interim basis in November 2025. Bourne, who has spent more than a decade at the group in senior operational and commercial roles and joined the board in 2022, is expected to focus on accelerating the company’s ‘Transform & Grow’ strategy and strengthening operational foundations, a move the board believes will support execution, change and continuous improvement across the business.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc has disclosed a routine share purchase by its Chief Financial Officer, Justin Lockwood, under the company’s Employee Share Purchase Plan. Lockwood acquired 85 ordinary shares of 25 pence each at a price of £1.77 per share on 5 January 2026 via the London Stock Exchange’s Main Market, a standard transaction that underscores ongoing executive participation in the company’s equity and aligns management interests with those of shareholders.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc has disclosed that its interim chief executive officer, Simon Bourne, has purchased ordinary shares in the company through an employee share purchase scheme. The transaction, involving the acquisition of 84 shares at £1.77 each on the London Stock Exchange, signals executive participation in the firm’s equity and provides shareholders with transparent insight into insider dealings under regulatory disclosure requirements.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc has announced that it will release a trading update for the year ended 31 December 2025 on Monday 19 January 2026. The scheduled update will provide investors and other stakeholders with the latest view on the group’s trading performance and operational progress as it pursues its strategy in sustainable building solutions.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc announced that its Employee Benefit Trust (EBT) has acquired 40,000 ordinary shares at an average price of 172 pence per share. This purchase is intended to satisfy awards under the company’s employee share schemes, funded by a loan from Marshalls’ existing cash resources. The transaction increases the EBT’s total shareholding to 83,589 shares, representing 0.03% of the company’s total voting rights. This move is part of Marshalls’ ongoing efforts to incentivize and retain its employees, potentially impacting the company’s operational efficiency and stakeholder engagement.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc announced a leadership change with Matt Pullen stepping down as CEO, and Simon Bourne, the Chief Commercial Officer, appointed as Interim CEO. This transition aims to maintain continuity and accelerate the ‘Transform & Grow’ strategy, which Bourne helped develop. The company has also secured a new £270 million syndicated bank facility to strengthen its funding position. Despite the leadership change, Marshalls’ full-year 2025 expectations remain unchanged, with the company poised to benefit from market recovery and structural growth drivers.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £187.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc reported a two percent increase in group revenue for the ten months ending October 2025, with total revenue reaching £548 million. Despite challenging market conditions, the company maintained its full-year profit expectations. The Landscaping Products division saw stable revenue, while Building and Roofing Products experienced growth, driven by strong performances in Water Management, Mortars, and Viridian Solar. The company continues to execute its ‘Transform & Grow’ strategy, with significant cost-saving measures and strategic shifts expected to enhance profitability and market positioning.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £187.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc announced a transaction involving its Chief Executive, Matthew Pullen, who purchased 88 ordinary shares at £1.69 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects the executive’s confidence in the company’s future prospects and may positively impact stakeholder perception.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £187.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls PLC announced that Justin Lockwood, the Chief Financial Officer, has purchased 88 ordinary shares of the company at £1.69 each under the Marshalls Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects managerial confidence in the company’s performance and may positively influence stakeholder perception.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £187.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.
Marshalls plc announced a transaction involving its Chief Commercial Officer, Simon Bourne, who purchased 89 ordinary shares at £1.69 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects internal confidence in the company’s performance and may positively influence stakeholder perception.
The most recent analyst rating on (GB:MSLH) stock is a Hold with a £187.00 price target. To see the full list of analyst forecasts on Marshalls stock, see the GB:MSLH Stock Forecast page.