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Next plc
(LSE:NXT)
Next plc (NXT) vs. iShares MSCI United Kingdom ETF (EWC)
Next plc Business Overview & Revenue Model
Next plc Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.77B | 6.12B | 5.49B | 5.03B | 4.63B | 3.53B |
| Gross Profit | 2.09B | 2.64B | 2.42B | 2.21B | 1.98B | 1.24B |
| EBITDA | 1.05B | 1.39B | 1.35B | 1.17B | 1.13B | 700.30M |
| Net Income | 586.10M | 736.10M | 802.30M | 711.70M | 677.50M | 286.70M |
Balance Sheet | ||||||
| Total Assets | 5.29B | 4.87B | 4.72B | 3.98B | 3.98B | 3.76B |
| Cash, Cash Equivalents and Short-Term Investments | 441.10M | 200.40M | 188.30M | 105.00M | 468.50M | 619.30M |
| Total Debt | 1.99B | 1.87B | 1.92B | 1.92B | 2.11B | 2.44B |
| Total Liabilities | 3.47B | 3.12B | 3.09B | 2.82B | 2.97B | 3.10B |
| Stockholders Equity | 1.70B | 1.64B | 1.51B | 1.16B | 1.01B | 660.90M |
Cash Flow | ||||||
| Free Cash Flow | 691.20M | 976.40M | 932.10M | 494.30M | 626.70M | 560.70M |
| Operating Cash Flow | 786.00M | 1.13B | 1.12B | 740.40M | 893.00M | 723.70M |
| Investing Cash Flow | -119.75M | -181.20M | -334.40M | -271.40M | -292.50M | -130.90M |
| Financing Cash Flow | -383.95M | -939.60M | -663.30M | -727.10M | -993.40M | -231.70M |
Next plc Technical Analysis
Next plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £16.66B | 21.36 | 51.86% | 1.80% | 9.74% | 0.92% | |
73 Outperform | £3.00B | 6.42 | 19.54% | ― | -6.43% | 52.93% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | £7.12B | 360.20 | 0.68% | 1.18% | 14.13% | -96.12% | |
59 Neutral | £355.34M | -1.19 | -81.34% | ― | -14.89% | 12.08% | |
55 Neutral | £4.78B | -177.06 | -3.00% | ― | -9.44% | -170.53% | |
46 Neutral | £276.82M | -1.38 | -172.24% | ― | -65.42% | 27.73% |
Next plc Corporate Events
Next plc has announced a series of board changes, led by the retirement of long-serving Group Sales, Marketing and HR Director Jane Shields, who will step down from the board in May 2026 after a 40-year career with the business. Her operational responsibilities for e-commerce, brand marketing, retail stores and online customer services will transition largely to Matt Barnes, currently Online Customer Service Director, who is being promoted to Group Sales and Marketing Director but will not immediately join the board. The retailer is also refreshing its non-executive line-up, with Senior Independent Director and Audit Committee Chair Jonathan Bewes retiring from the board in May 2026, and the appointments of seasoned executives Annette Court and Jeni Mundy as independent non-executive directors in March and April 2026 respectively. Court will become Senior Independent Director and Soumen Das will take over as Audit Committee Chair from May 2026, moves that strengthen the board’s expertise in governance, technology, digital strategy and financial oversight and signal a planned transition that supports continuity of leadership and strategic direction for shareholders and other stakeholders.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £14000.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc reported robust Christmas trading, with full-price sales up 10.6% in the nine weeks to 27 December, well ahead of previous guidance, driven by resilient UK demand and a 38.3% surge in international online sales helped by higher marketing spend and improved stock utilisation through Zalando’s ZEOS platform. The company raised full-year 2025/26 profit before tax guidance by £15m to £1.15bn, implying a 13.7% year-on-year increase and EPS growth of 16.1%, and highlighted strong cash generation that will fund £131m of buybacks, ordinary dividends and a proposed £421m B Share capital return, alongside a managed increase in net debt. Looking ahead to 2026/27, Next expects growth to moderate, guiding to 4.5% full-price sales and profit growth and 4.3% EPS growth, with international online continuing to outpace a slower UK, and surplus cash likely to be returned via special dividends or other capital returns given current share price levels.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc has reported that, as of 31 December 2025, its registered share capital comprises 122,436,612 ordinary shares of 10 pence each, all carrying equal voting rights and with no shares held in treasury. The disclosure provides investors and other stakeholders with a clear baseline for calculating voting power and determining whether they must report holdings or changes in their interests under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, reinforcing transparency in the company’s shareholder structure.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £15200.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc has announced plans to return £421.28 million of surplus cash to shareholders through a B Share Scheme, equivalent to 360 pence per B share, in place of a special dividend. The board concluded that a B Share Scheme is the most effective method of capital return for both retail and institutional investors and allows the transaction to be completed within a defined timetable, subject to shareholder approval at a general meeting on 15 January 2026, after which B shares will be issued, redeemed and cancelled, with cash proceeds expected to be dispatched by 28 January 2026; the structure also accommodates shares held in the company’s employee trust, aligning staff-related holdings with ordinary shareholders while using those proceeds to reduce an internal loan.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £15200.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc announced that share options were exercised under the 2020 Sharesave Plan by Jeremy Stakol, the Group Investments, Acquisitions and Third Party Brands Director, and Marcelle Stakol, the Lipsy Brand Director. This transaction, involving the acquisition of ordinary shares, reflects the company’s ongoing commitment to employee investment and engagement, potentially enhancing stakeholder confidence and aligning managerial interests with shareholder value.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £139.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc announced the sale of non-operational land at Waltham Abbey, Essex, resulting in a net cash inflow of £54.1 million and an exceptional profit of £16.3 million. This transaction, which deviates from the company’s regular business activities, will enhance shareholder returns through a special dividend increase of 45p, reflecting Next’s strategic shift in its distribution network plans.
The most recent analyst rating on (GB:NXT) stock is a Hold with a £139.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc, a prominent player in the retail industry, focuses on offering a wide range of clothing, footwear, and home products. At its 2025 Annual General Meeting, a shareholder resolution proposed by ShareAction was decisively rejected, with over 73% voting against it. The company plans to enhance its disclosures on pay setting and shareholder engagement in its 2026 Annual Report, reflecting ongoing dialogue with shareholders.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £15500.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc has announced transactions involving the sale of shares by key managerial personnel. Richard Papp, Group Merchandise and Operations Director, sold 2,518 ordinary shares at a price of £140.44 each, totaling £353,627.92 on the London Stock Exchange. Additionally, Chief Executive Lord Wolfson of Aspley Guise sold 50,000 ordinary shares at £145.195142 each, amounting to £7,259,757.10, outside a trading venue. These transactions reflect significant share sales by top executives, potentially impacting investor perceptions and the company’s market positioning.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £15600.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc reported a robust performance in the third quarter, with full price sales increasing by 10.5% compared to the previous year, significantly surpassing their guidance. The company saw notable growth in both UK and international markets, with overseas sales rising by 38.8%. As a result of this strong performance, Next has raised its full-year profit guidance by £30 million to £1,135 million. The company also plans to distribute surplus cash through a special dividend, reflecting its strong cash generation and financial health.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £15000.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.
Next plc has announced the granting of share options to certain individuals under its 2020 Sharesave Plan, with an exercise price of £95.28, in accordance with HMRC rules. This move reflects the company’s commitment to incentivizing its managerial team and closely associated persons, potentially impacting its operational dynamics by aligning the interests of key personnel with the company’s long-term performance goals.
The most recent analyst rating on (GB:NXT) stock is a Buy with a £14000.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.