Ricardo plc

Ricardo plc

RCDO.L
Ricardo plcGB flagLondon Stock Exchange
430.00
GBp
+1.00
- -
267.52MMarket Cap
Ricardo plc
RCDO.L
(London Stock Exchange)

Recent

price

430.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
FRC
3.5
3.17
3.82
3.83
4.44
4.54
4.92
6.31
6.64
7.09
7.2
6.59
5.84
6.11
7.16
7.63
Revenue per Share
0.18
0.15
0.3
0.29
0.32
0.37
0.36
0.49
0.47
0.33
0.37
-0.12
0.03
0.14
-0.08
0.01
Basic EPS, GAAP
0.03
-0.01
0.28
0.22
0.33
0.21
0.21
0.17
0.06
0.38
0.16
-0.14
0.21
0.47
-0.01
0.23
Free Cash Flow per Basic Share
0.11
0.11
0.11
0.12
0.13
0.14
0.15
0.17
0.18
0.2
0.21
0.22
0.02
0.08
0.11
0.12
Dividend per Share
0.94
0.89
1.35
1.38
1.54
1.73
1.87
2.14
2.37
2.63
2.63
2.19
2.17
2.19
1.96
1.8
Book Value per Share
0.95
0.89
1.31
1.31
1.13
1.27
1.36
0.9
1.16
1.38
0.87
0.4
1.09
1.35
0.73
0.57
Tangible Book Value per Share
51
51
51
52
52
52
52
53
53
53
53
53
59
62
62
62
Basic Weighted Avg Shares
179
163
196
197
230
236
258
332
352
378
384
352
344
380
445
475
Sales/Revenue/Turnover
9.51
8.6
9.16
9.42
9.53
10.37
10.25
11.34
10.45
9.35
9.26
3.98
4.48
6.5
7.01
7.2
Operating Margin (%)
9
8
8
8
9
10
10
14
16
16
15
30
25
25
37
19
Depreciation Expense
9
8
15
15
17
19
19
26
25
18
20
-6
2
9
-5
1
Net Income, GAAP
6.37
4.63
- -
14.2
18.84
18.3
18.78
22.42
22.98
34.44
24.91
- -
90
33.87
- -
81.4
Effective Tax Rate (%)
5.03
4.67
7.74
7.65
7.31
8.13
7.22
7.7
7.04
4.65
5.15
-1.85
0.49
2.26
-1.17
0.15
Profit Margin (%)
20
14
17
28
19
28
78
62
87
81
100
110
87
101
108
107
Working Capital
4
- -
- -
- -
- -
- -
45
55
60
50
80
152
95
93
119
120
LT Debt
67
65
90
90
100
108
116
140
156
171
172
149
183
198
177
165
Total Equity
16.13
15.36
19.13
15.8
17.46
18.21
14.95
15.17
12.65
9.71
10.71
- -
0.49
5.28
- -
2.08
Return on Invested Capital (%)
15.38
16.13
25.57
20.41
22.07
22.75
16.16
17.05
14.58
9.64
10.35
- -
0.85
4.73
- -
1.03
Return on Capital (%)
17.98
16.2
26.39
21.48
22.3
22.65
19.81
24.33
20.83
13.24
14.11
-5.06
1.39
6.52
-4.03
0.6
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.04%
0.07%
-6.46%
Free Cash Flow
- -
-521.4%
-2,185.71%
Net Income, GAAP
-11.22%
-25.41%
-113.46%
Sales/Revenue/Turnover
7.67%
4.71%
6.63%
Total Cash Common Dividend
26.35%
44.72%
14.93%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
445
2024
- -
- -
- -
- -
475
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.08
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.11
2024
- -
- -
- -
- -
0.12
2025
- -
- -
- -
- -
- -
Business
Ricardo plc is a global strategic, environmental, and engineering consultancy specializing in sustainable solutions across transport, energy, and environmental sectors. Founded in 1915 and headquartered in the United Kingdom, Ricardo provides a broad range of services including consulting and advisory, design and engineering services, testing and certification, program management, and niche manufacturing. The company operates in over 20 countries across Europe, North America, Asia, Australia, and the Middle East, delivering expertise in clean energy, electrification, hydrogen fuel cell technology, defossilised fuels, and decarbonization for sectors such as road, rail, maritime, and aviation. Ricardo also supports aerospace OEMs, airframers, and tiered suppliers with engineering and manufacturing services for fixed-wing, rotary, eVTOL, and UAV platforms for both commercial and defense applications. Major recent changes include Ricardo's acquisition by WSP Global Inc. in October 2025, which strengthens its presence in advisory, energy transition, water solutions, and rail markets while accelerating strategy execution in high-growth sectors. Additionally, Ricardo announced a strategic intent to divest its defense business to focus more deeply on environmental and energy transition consulting, with plans to reinvest divestment proceeds in high-margin, lower-capital environmental consulting opportunities. This transition aligns with the company’s strategic vision to become a world-leading consultancy in environmental and energy sectors while maintaining a century-long reputation for engineering excellence and innovation. Ricardo employs approximately 2,600 staff globally and is listed on the London Stock Exchange under ticker RCDO.L. The integration with WSP aims to expand its geographic footprint and enhance its capacity to provide complex, sustainable, and smart mobility and energy solutions globally.