Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Ocado Group Plc is a global technology company specializing in e-commerce, fulfilment, and logistics solutions primarily for the online grocery sector and beyond. It operates through three core divisions: Ocado Retail, a pure-play online grocery business in the UK serving over 80% of households as a 50:50 joint venture with Marks & Spencer; Ocado Logistics, a third-party fulfilment and delivery service in the UK for retailers including Ocado Retail and Morrisons, utilizing automated sites and proprietary software; and Technology Solutions, which licenses the Ocado Smart Platform to international grocery retailers worldwide and Ocado Intelligent Automation for non-grocery supply chains and logistics industries. The Ocado Smart Platform provides end-to-end e-commerce, fulfilment, and logistics as a managed service tailored for online grocery demands, while Ocado Technology supports these efforts with advanced automation, robotics, and AI innovations. Founded in 2000 and headquartered in Hatfield, England, Ocado Group Plc partners with leading retailers globally to transform retail operations and streamline supply chains.
The business is unprofitable at the operating level (-15.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 13.8% YoY with margins expanding 9.4pp.
Negative free cash flow of -£37M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
£1.38B
▲ +13.8% YoY
Net Income (TTM)
£395M
▲ +205.6% YoY
Op. Margin
-15.43%
▲ +9.4pp YoY
ROIC
-5.42%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-£37M
▲ +72.0% YoY
Op. Cash Flow (TTM)
£674M
▲ +916.9% YoY
Net Debt
£1.05B
Cash & Equiv.
£739M
3Y CAGR: -18.1%
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