Melrose Industries (MRO) Stock Price, Fundamentals & Analysis

Melrose Industries (MRO) is a stock traded on the London Stock Exchange, classified in the Industrials sector and the Specialty Industrial Machinery industry. Headquartered in London, United Kingdom, the company employs around 12,459 people.

What MRO does

Melrose Industries designs and delivers aerospace components and systems for both civil and defence markets, serving customers in the United Kingdom, the rest of Europe, North America and internationally. The business operates through two segments:

• Engines — structural engineered components, parts repair, commercial and aftermarket contracts, engine mount structures, fan cases and turbine cases, plus shafts and rotating components supplied to engine original equipment manufacturers.
• Airframes — civil and defence air frames, including lightweight composite and metallic structures, electrical distribution systems, wing structures, empennage, fuselage, electrical wiring interconnection systems (EWIS), landing gear and ice protection systems, and aircraft transparencies for airframe manufacturers.

Founded in 2003 and formerly known as New Melrose Industries PLC, the company adopted its current name in November 2015. It sits alongside other UK-listed industrial names such as Rolls-Royce Holdings (RR), IMI (IMI) and Diploma (DPLM).

Key numbers explained

• The share price is 4.74 GBP, up +0.32% today, with a market capitalisation of 5.91B GBP — the combined value of all shares.
• The trailing P/E ratio of 36.5 means the price equals about 36.5 years of current earnings per share (0.13 GBP); the forward P/E of 10.4 is based on expected earnings, and the gap between the two suggests analysts expect earnings to rise.
• The dividend yield is 1.58%, with 56% of earnings paid out as dividends; the ex-dividend date is Aug 13, 2026.
• Revenue over the trailing 12 months is 3.74B GBP, growing 8.9% year over year.
• Profitability is modest: a 4.3% profit margin, 8.2% operating margin and 5.6% return on equity.
• The debt-to-equity ratio of 71.8% indicates moderate leverage relative to shareholder capital.
• Over 52 weeks the price ranged from 4.1 to 6.85 GBP and is down -20% from a year ago; a beta of 0.85 suggests slightly lower volatility than the market.
• The price-to-book ratio of 207.26 is very high, meaning the share trades far above the accounting value of its assets.

What to watch

As an aerospace supplier, Melrose Industries is sensitive to aircraft production rates, defence spending cycles and aftermarket demand. Margin trends, the pace of revenue growth, leverage levels and the next earnings date on Jul 31, 2026 are typical focal points. Broader industrial-sector sentiment and the performance of peers such as Spirax Group (SPX), Experian (EXPN) and Intertek (ITRK) also shape how the stock is read. You can explore more companies via the London Stock Exchange stocks page or the full stocks directory.