Stocks · Health care · Pharmaceutical Preparations

GSK plc

GSK Clue Score63
United Kingdom CIK 0001131399
$46.50 -0.09% Close, 9 Oct 2026
Price $46.50 +21.60% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue27.89Operating income2.60Net income0.91EPS, diluted0.19Fiscal year 2017Revenue30.19 +8.2%Operating income4.09Net income1.53 +68.0%EPS, diluted0.31 +66.7%Fiscal year 2018Revenue30.82 +2.1%Operating income5.48Net income3.62 +136.5%EPS, diluted0.73 +135.2%Fiscal year 2019Revenue33.75 +9.5%Operating income6.96Net income4.65 +28.2%EPS, diluted0.93 +27.0%Fiscal year 2020Revenue24.35 −27.8%Operating income5.98Net income5.75 +23.8%EPS, diluted1.43 +54.0%Fiscal year 2021Revenue24.70 +1.4%Operating income4.36Net income4.39 −23.7%EPS, diluted1.08 −24.1%Fiscal year 2022Revenue29.32 +18.7%Operating income6.43Net income14.96 +241.1%EPS, diluted3.66 +238.4%Fiscal year 2023Revenue30.33 +3.4%Operating income6.75Net income4.93 −67.1%EPS, diluted1.20 −67.3%Fiscal year 2024Revenue31.38 +3.5%Operating income4.02Net income2.58 −47.7%EPS, diluted0.62 −48.1%Fiscal year 2025Revenue32.67 +4.1%Operating income7.93Net income5.72 +122.0%EPS, diluted1.39 +123.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.89 30.19 30.82 33.75 24.35 24.70 29.32 30.33 31.38 32.67
Growth +8.2% +2.1% +9.5% −27.8% +1.4% +18.7% +3.4% +3.5% +4.1%
Operating income 2.60 4.09 5.48 6.96 5.98 4.36 6.43 6.75 4.02 7.93
Net income 0.91 1.53 3.62 4.65 5.75 4.39 14.96 4.93 2.58 5.72
Growth +68.0% +136.5% +28.2% +23.8% −23.7% +241.1% −67.1% −47.7% +122.0%
EPS, diluted 0.19 0.31 0.73 0.93 1.43 1.08 3.66 1.20 0.62 1.39
Growth +66.7% +135.2% +27.0% +54.0% −24.1% +238.4% −67.3% −48.1% +123.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin66.7%Operating margin9.3%Net margin3.3%Free cash flow margin17.8%Fiscal year 2017Gross margin65.7%Operating margin13.5%Net margin5.1%Free cash flow margin17.8%Fiscal year 2018Gross margin66.8%Operating margin17.8%Net margin11.8%Free cash flow margin23.0%Fiscal year 2019Gross margin64.9%Operating margin20.6%Net margin13.8%Free cash flow margin20.0%Fiscal year 2020Gross margin67.4%Operating margin24.6%Net margin23.6%Free cash flow margin30.6%Fiscal year 2021Gross margin66.9%Operating margin17.6%Net margin17.8%Free cash flow margin28.4%Fiscal year 2022Gross margin67.4%Operating margin21.9%Net margin51.0%Free cash flow margin21.3%Fiscal year 2023Gross margin71.8%Operating margin22.2%Net margin16.2%Free cash flow margin18.0%Fiscal year 2024Gross margin71.2%Operating margin12.8%Net margin8.2%Free cash flow margin16.4%Fiscal year 2025Gross margin72.4%Operating margin24.3%Net margin17.5%Free cash flow margin19.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 66.7% 65.7% 66.8% 64.9% 67.4% 66.9% 67.4% 71.8% 71.2% 72.4%
Operating margin 9.3% 13.5% 17.8% 20.6% 24.6% 17.6% 21.9% 22.2% 12.8% 24.3%
Net margin 3.3% 5.1% 11.8% 13.8% 23.6% 17.8% 51.0% 16.2% 8.2% 17.5%
Free cash flow margin 17.8% 17.8% 23.0% 20.0% 30.6% 28.4% 21.3% 18.0% 16.4% 19.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow6.50Capital expenditure−1.54Free cash flow4.95Dividends paid−4.85Fiscal year 2017Operating cash flow6.92Capital expenditure−1.55Free cash flow5.37 +8.5%Dividends paid3.91Fiscal year 2018Operating cash flow8.42Capital expenditure−1.34Free cash flow7.08 +31.7%Dividends paid−3.93Fiscal year 2019Operating cash flow8.02Capital expenditure−1.27Free cash flow6.76 −4.5%Dividends paid−3.95Fiscal year 2020Operating cash flow8.44Capital expenditure−0.99Free cash flow7.45 +10.3%Dividends paid−3.98Fiscal year 2021Operating cash flow7.95Capital expenditure−0.95Free cash flow7.00 −6.0%Dividends paid−4.00Fiscal year 2022Operating cash flow7.40Capital expenditure−1.14Free cash flow6.26 −10.6%Dividends paid−3.47Fiscal year 2023Operating cash flow6.77Capital expenditure−1.31Free cash flow5.45 −12.9%Buybacks0.00Dividends paid−2.25Fiscal year 2024Operating cash flow6.55Capital expenditure−1.40Free cash flow5.16 −5.5%Buybacks0.00Dividends paid−2.44Fiscal year 2025Operating cash flow7.74Capital expenditure−1.35Free cash flow6.39 +24.0%Buybacks−1.38Dividends paid−2.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.50 6.92 8.42 8.02 8.44 7.95 7.40 6.77 6.55 7.74
Capital expenditure −1.54 −1.55 −1.34 −1.27 −0.99 −0.95 −1.14 −1.31 −1.40 −1.35
Free cash flow 4.95 5.37 7.08 6.76 7.45 7.00 6.26 5.45 5.16 6.39
Growth +8.5% +31.7% −4.5% +10.3% −6.0% −10.6% −12.9% −5.5% +24.0%
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −1.38
Dividends paid −4.85 3.91 −3.93 −3.95 −3.98 −4.00 −3.47 −2.25 −2.44 −2.56

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.90Total debt14.66Net cash (debt)−9.76Shareholders’ equity1.12Debt to equity13.04Fiscal year 2017Cash3.83Total debt14.26Net cash (debt)−10.43Shareholders’ equity−0.07Fiscal year 2018Cash3.87Total debt20.27Net cash (debt)−16.40Shareholders’ equity3.78Debt to equity5.36Fiscal year 2019Cash4.71Total debt23.59Net cash (debt)−18.88Shareholders’ equity11.41Debt to equity2.07Fiscal year 2020Cash6.29Total debt23.43Net cash (debt)−17.13Shareholders’ equity14.59Debt to equity1.61Fiscal year 2021Cash4.27Total debt20.57Net cash (debt)−16.30Shareholders’ equity15.06Debt to equity1.37Fiscal year 2022Cash3.72Total debt17.04Net cash (debt)−13.31Shareholders’ equity10.60Debt to equity1.61Fiscal year 2023Cash2.94Total debt15.21Net cash (debt)−12.27Shareholders’ equity13.35Debt to equity1.14Fiscal year 2024Cash3.87Total debt14.64Net cash (debt)−10.77Shareholders’ equity13.67Debt to equity1.07Fiscal year 2025Cash3.40Total debt14.71Net cash (debt)−11.31Shareholders’ equity16.38Debt to equity0.90
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.90 3.83 3.87 4.71 6.29 4.27 3.72 2.94 3.87 3.40
Total debt 14.66 14.26 20.27 23.59 23.43 20.57 17.04 15.21 14.64 14.71
Net cash (debt) −9.76 −10.43 −16.40 −18.88 −17.13 −16.30 −13.31 −12.27 −10.77 −11.31
Shareholders’ equity 1.12 −0.07 3.78 11.41 14.59 15.06 10.60 13.35 13.67 16.38
Debt to equity 13.04 n/a 5.36 2.07 1.61 1.37 1.61 1.14 1.07 0.90

In billions of GBP, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of GBP, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
27.89 30.19 30.82 33.75 24.35 24.70 29.32 30.33 31.38 32.67
Growth +8.2% +2.1% +9.5% −27.8% +1.4% +18.7% +3.4% +3.5% +4.1%
9.29 10.34 10.24 11.86 7.93 8.16 9.55 8.57 9.05 9.02
18.60 19.84 20.58 21.89 16.43 16.53 19.77 21.76 22.33 23.65
Growth +6.7% +3.7% +6.4% −25.0% +0.7% +19.6% +10.1% +2.6% +5.9%
3.63 4.48 3.89 4.57 4.79 5.02 5.49 6.22 6.40 7.53
9.37 9.67 9.92 11.40 7.44 7.07 8.37 9.39 11.02 9.09
2.60 4.09 5.48 6.96 5.98 4.36 6.43 6.75 4.02 7.93
Growth +57.3% +34.2% +27.0% −14.1% −27.1% +47.6% +4.8% −40.4% +97.3%
1.94 3.53 4.80 6.22 5.17 3.60 5.63 6.06 3.48 7.40
0.88 1.36 0.75 0.95 0.07 0.08 0.71 0.76 0.53 1.11
0.91 1.53 3.62 4.65 5.75 4.39 14.96 4.93 2.58 5.72
Growth +68.0% +136.5% +28.2% +23.8% −23.7% +241.1% −67.1% −47.7% +122.0%
Per share
0.19 0.31 0.74 0.94 1.44 1.10 3.71 1.22 0.63 1.41
0.19 0.31 0.73 0.93 1.43 1.08 3.66 1.20 0.62 1.39
Growth +66.7% +135.2% +27.0% +54.0% −24.1% +238.4% −67.3% −48.1% +123.2%
4,860 4,886 4,914 4,947 3,981 4,003 4,026 4,052 4,077 4,051
4,909 4,941 4,971 5,016 4,030 4,052 4,084 4,111 4,142 4,117
Growth +0.7% +0.6% +0.9% −19.7% +0.5% +0.8% +0.7% +0.8% −0.6%

Shown in GBP as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.0% a year over five years, and earnings per share fell 0.5% a year.
  • The diluted share count rose 2.2% in five years, which is dilution.
  • Operating margin is flat at 24.3%.
  • Profitable in every one of the 10 years on file.