Rolls-Royce Holdings
ConvictionContext
Razor-and-blades: sell/place large turbofan engines near cost, monetize 25+ year LTSA (long-term service agreement) aftermarket per engine flying hour; plus defence contracts (submarines, combat, transport), mtu-brand power systems (data centres a key growth vector), and an emerging SMR franchise (equity-accounted since its 2025 deconsolidation)
Revenue
GBP 20.06B~$25.5B) underlying, FY2025Rev growth
+14% organic underlying YoYFY2025 vs FY2024 GBP 17.85BGross margin
Not disclosed as a headline metricRR reports underlying operating margin as its headline profitability measureOp margin
17.3% underlyingFY2025; 13.8% FY2024). Segments: Civil Aerospace 20.5%, Defence 14.4%, Power Systems 17.4%Capex intensity
Not broken out as a single headline figureinvestment stepped up in FY2025 (MRO capacity adds in Derby/Dahlewitz/Singapore, Power Systems capacity in Germany/Aiken/Mankato, UltraFan, ~$1B invested in Indianapolis over the past decade) against operating cash flow of GBP 4.57BMarket cap
~$154B USD~GBP 118B) as of 2026-07-09 (stockanalysis.com); primary listing LSE (RR.Members only
Full financial intelligence for Rolls-Royce Holdings
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence