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Ocado Group
(LSE:OCDO)
Ocado Group (OCDO) vs. iShares MSCI United Kingdom ETF (EWC)
Ocado Group Business Overview & Revenue Model
Ocado Group Earnings Call Summary
Ocado Group Financial Statement Overview
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.38B | 1.21B | 2.83B | 2.51B | 2.50B |
| Gross Profit | -190.00M | 106.60M | 69.30M | 629.20M | 707.40M |
| EBITDA | 182.80M | 127.90M | 76.80M | -74.70M | 124.10M |
| Net Income | 405.20M | -336.20M | -314.00M | -455.50M | -223.20M |
Balance Sheet | |||||
| Total Assets | 4.28B | 4.16B | 4.43B | 4.81B | 4.38B |
| Cash, Cash Equivalents and Short-Term Investments | 754.40M | 743.40M | 884.80M | 1.33B | 1.47B |
| Total Debt | 2.06B | 1.70B | 1.96B | 1.91B | 1.83B |
| Total Liabilities | 2.72B | 2.99B | 2.92B | 2.88B | 2.67B |
| Stockholders Equity | 1.56B | 1.19B | 1.49B | 1.84B | 1.59B |
Cash Flow | |||||
| Free Cash Flow | 152.50M | -130.50M | -454.20M | -760.40M | -698.00M |
| Operating Cash Flow | 371.20M | 268.90M | 82.20M | 25.50M | -7.30M |
| Investing Cash Flow | -412.20M | -353.70M | -500.10M | -735.00M | -532.70M |
| Financing Cash Flow | 14.80M | -24.30M | -10.10M | 547.10M | 282.50M |
Ocado Group Technical Analysis
Ocado Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £30.30B | 20.93 | 13.65% | 3.25% | 1.05% | -20.25% | |
70 Outperform | £2.08B | 20.39 | 12.23% | 0.79% | 7.74% | 30.09% | |
70 Outperform | £7.65B | 22.60 | 6.63% | 4.02% | 0.82% | 160.81% | |
66 Neutral | £1.91B | 7.70 | 34.27% | 17.38% | 1.74% | -23.72% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | $1.68B | 4.12 | ― | ― | ― | ― |
Ocado Group Corporate Events
Ocado Group has published its preliminary results for the year ended 30 November 2025, making the full report available via the London Stock Exchange and on its corporate website. The company has also lodged the unedited results with the Financial Conduct Authority’s National Storage Mechanism, ensuring formal regulatory access for investors and other stakeholders.
Alongside the release, Ocado will host a results presentation and webcast with a Q&A session for investors and analysts on 26 February 2026. The event is designed to provide further detail on the annual performance and outlook, underlining the group’s ongoing engagement with the market and its efforts to maintain transparency around financial and strategic developments.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has disclosed routine share purchases by four senior executives under its HMRC-approved Share Incentive Plan, an all-employee scheme that allows staff to buy Ocado ordinary shares at market value and receive additional matching shares. Chief executive Tim Steiner, Ocado Intelligent Automation CEO Mark Richardson, chief financial officer Stephen Daintith and deputy CEO James Matthews each acquired small volumes of partnership and matching shares on 16 February via the London Stock Exchange, underscoring ongoing management participation in the company’s equity-based remuneration framework.
The transactions, each totalling around £150 and executed at prices around £2.28 per share, reflect the regular monthly operation of Ocado’s share plan rather than any ad hoc insider dealing. For investors, the announcement provides transparency over PDMR dealings as required under market abuse regulations, signalling continued alignment between the leadership team and shareholders through incremental equity ownership.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has announced that its Chief Financial Officer, Stephen Daintith, has been appointed a non-executive director of Kingfisher from 1 April 2026, and will sit on Kingfisher’s audit and nomination committees. Daintith, who already serves as a non-executive director and chair of the audit committee at 3i Group, will retain his full-time role at Ocado, with the board concluding that his additional external appointment will not affect his ability to perform his CFO duties and will instead bring valuable cross-sector retail and investment experience to inform Ocado’s strategic direction.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has confirmed that as of 30 January 2026 it has 839,698,441 issued ordinary shares, each carrying one vote at general meetings, and no shares held in treasury, establishing this number as the official total voting rights figure for regulatory disclosure purposes. Within this capital structure, 10,620,928 shares held in the company’s Employee Benefit Trust are treated as treasury shares for accounting and earnings-per-share calculations and are largely stripped of voting and dividend rights, meaning the effective aggregate voting rights attached to shares in public circulation stand at 829,077,513, a key reference point for shareholders and institutions monitoring ownership thresholds and disclosure obligations.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has reshaped its Canadian partnership with Sobeys after a strategic review of e-commerce demand, with Sobeys deciding to close its Calgary customer fulfilment centre due to slower-than-expected online grocery growth in Alberta, while continuing to build its Voilà online grocery business in Ontario and Quebec via Ocado-powered facilities in Greater Toronto and Montreal. Ocado will deploy upgraded technology, including its Swift Router for faster and same-day delivery and integration with third-party platforms, while the partners maintain a pause on the Vancouver fulfilment centre and continue using Ocado’s AI-driven in-store fulfilment across 87 stores; financially, Ocado expects £18m in compensation this year and a £7m fee revenue reduction in FY26 from the Alberta closure, and it reiterated its goal of turning cash-flow positive in FY26 as part of a broader reset of its North American operations.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has published its latest six‑monthly block listing return, detailing movements in shares reserved for a range of employee and executive incentive schemes, including its Sharesave, Share Incentive Plan, Executive Share Option Scheme, Long Term Incentive Plan, Value Creation Plan, Restricted Share Plan, Consultants’ Option Plan, Employee Share Purchase Plan and Annual Incentive Plan for the period from 27 July 2025 to 26 January 2026. The filing shows that no additional block listing capacity was created during the period, while a significant number of shares were allotted under several incentive plans, resulting in updated balances of unissued shares across each scheme, signalling ongoing use of equity-based remuneration as part of Ocado’s employee and management compensation structure.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has disclosed that several senior executives, including chief executive Tim Steiner, CFO Stephen Daintith, deputy CEO James Matthews and Ocado Intelligent Automation CEO Mark Richardson, have acquired small numbers of company shares through the firm’s tax-advantaged Share Incentive Plan. Under the HMRC-approved all-employee scheme, these managers purchased “Partnership Shares” at market value and received additional “Matching Shares,” with the latest monthly transactions executed on 15 January 2026 on the London Stock Exchange, underscoring ongoing management participation in the company’s equity and aligning leadership incentives with shareholder interests.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has confirmed that, as of 31 December 2025, it had 839,646,541 issued ordinary shares, each carrying one vote, and no shares held in treasury, establishing the company’s total voting rights at the same figure. Of these, 10,622,331 shares are held within employee share and benefit trust structures and are treated as treasury shares for accounting purposes under IAS 32, meaning they are excluded from earnings-per-share calculations and, in most cases, from voting and dividend rights. As a result, Ocado reports that shares in issue with aggregate exercisable voting rights total 829,024,210, a key denominator for investors and other stakeholders in assessing ownership thresholds and disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has confirmed that mutual exclusivity arrangements with retailers in most of its live markets, including its key US partner Kroger, have now ended, as previously signalled for completion by year-end 2025. The move frees the company to actively market its evolved suite of AI-driven and robotic fulfilment solutions to additional grocery retailers across multiple international markets, potentially accelerating commercial activity and expanding its global footprint in online grocery. Management emphasised that Ocado will continue to support existing partners while using its broader offering—spanning store-based and dark-store automation as well as automated customer fulfilment centres of various sizes—to help more retailers capture share in what it describes as the fastest-growing segment of the grocery industry as it enters 2026.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced the participation of its directors and persons discharging managerial responsibilities in the Ocado Share Incentive Plan (SIP), a tax-advantaged all-employee share scheme. This initiative allows employees to purchase ordinary shares at market value and receive matching shares, aiming to align employee interests with company performance and potentially enhance stakeholder value.
The most recent analyst rating on (GB:OCDO) stock is a Sell with a £100.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced the redemption of its 0.875% Guaranteed Senior Unsecured Convertible Bonds due 2025, with an aggregate principal amount of £55.8 million. The redemption marks the maturity of these bonds, which have been fully redeemed and will be cancelled, leaving no outstanding bonds of this series.
The most recent analyst rating on (GB:OCDO) stock is a Buy with a £305.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has appointed Cathy Graham as an Independent Non-Executive Director, effective February 1, 2026. With a strong background in finance and technology leadership from her previous roles at Darktrace plc and 2U, Graham will join the People and Audit Committees. Her expertise is expected to enhance Ocado’s strategic direction as it continues its transformation from a UK online grocer to a global technology leader. This appointment underscores Ocado’s commitment to strengthening its board with experienced leaders to support its growth and innovation in the technology and logistics sectors.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £240.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group has announced a $350 million one-off cash payment from Kroger due to the closure of three Customer Fulfillment Centers (CFCs) and the cancellation of a planned site in Charlotte, NC. Despite these closures, Ocado continues to support Kroger’s operational efficiency and expansion, with new technologies being deployed across existing and upcoming CFCs, including the introduction of AutoFreezer technology in Phoenix, AZ. The financial impact includes a reduction in Ocado’s fee revenue by approximately $50 million for FY26, but the company remains focused on achieving positive cash flow through growth and cost discipline.
The most recent analyst rating on (GB:OCDO) stock is a Buy with a £290.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc announced that James Matthews, Deputy CEO, had a partial vesting of shares under the Ocado Restricted Share Plan, resulting in an automatic disposal of shares to cover tax liabilities. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing executive compensation and shareholding management practices, which may impact stakeholder perceptions of corporate governance.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £230.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Ocado Group plc has announced its total voting rights as of November 28, 2025, with 839,076,321 issued ordinary shares, each carrying one vote. The announcement highlights the shareholding structure, including shares held by trustees for employee benefit plans, and clarifies that certain shares are treated as treasury shares, affecting earnings per share calculations. This information is crucial for shareholders and stakeholders to determine their notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £230.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.