BURNYSEFinance ServicesFiscal year ends December 31
Burford Capital Ltd
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$3.08+0.08 (+2.67%)
Close on Oct 19, 2026
- Market cap
- $693.27M
- P/E (TTM)
- –
- Dividend yield
- 405.84%
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
56.2%−7.5 pts over 5 years
Net margin
15.1%−28.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -24.3% | +9.0% | +4.7% | – | |
| Operating income | -40.6% | +6.0% | +2.1% | – | |
| Net income | -57.3% | +27.1% | -15.3% | – | |
| EPS, diluted | -57.6% | +26.0% | -15.5% | – | |
| Dividend per share | 0.0% | 0.0% | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 2.6% | |
| Return on assets | – | 4.5% | 1.0% | |
| Interest coverage | – | 5.3× | 1.5× | |
| Capex to revenue | – | 0.1% | 0.1% | |
| Diluted shares | – | 220M | 225M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Burford Capital generated $1.57B from operations and spent $128.97M on capital expenditure, dividends and share buybacks. 4% of that went back into the business.
Generated
$1.57B
Used
$128.97M
Capital expenditure$4.85M4%Dividends$96.21M75%Share buybacks$27.91M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.1%
×Asset turnover0.06×
×Equity multiplier2.63×
=Return on equity, FY20252.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.1% | 0.06× | 2.63× | 2.6% |
| FY2024 | 26.8% | 0.09× | 2.55× | 6.2% |
| FY2023 | 56.2% | 0.21× | 2.51× | 30.3% |
| FY2022 | 9.6% | 0.08× | 2.34× | 1.8% |
| FY2021 | -13.2% | 0.06× | 2.03× | -1.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$62.57M
- Cash generatingOperating cash flow above zero-$29.01M
- Return on assets improvedROA up on the prior year2.5% → 1.0%
- Earnings backed by cashOperating cash flow above net income-$29.01M vs $62.57M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise223M → 225M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.09 → 0.07