Why invest in Halma?
We deliver sustainable growth and consistently high returns for our investors, while delivering a positive impact for all our stakeholders.
23 years
consecutive years of record Adjusted profit
47 years
consecutive years of dividend growth of 5% or more
+2,815%
Total shareholder return over the last 20 years
We set challenging targets
Organic and acquisition growth
We aim for the combination of organic and acquisition growth to exceed an average of 10% every year over the long term. We aspire to double our earnings every five years, while maintaining high returns and a conservative risk appetite.
High level of performance
We aim to deliver high levels of performance and, as a result, create superior and sustainable shareholder value.
We have a strong track record of delivery
We have a strong track record of delivering superior growth and high returns, well above our cost of capital, driven by the positive difference we make to people’s lives, in line with our purpose.
We support our continued strong growth and high returns by substantial investment, both organically and through acquisitions, while maintaining a clear risk appetite and modest balance sheet leverage.
Our 10-year track record
Strong growth
12.3%
Revenue compound annual growth rate (CAGR)
12.8%
Adjusted EPS CAGR
High returns
21.3%
Average Adjusted EBIT margin
15.1%
Average Adjusted Return on Total Invested Capital
Continued investment
5.2%
Average annual R&D as a % of revenue
>£1.9bn
Total acquisition spend
Strong financial position
93%
Average Adjusted cash conversion
1.0x
Average leverage (net debt/Adjusted EBITDA)
We achieve our targets through:
Our purpose
Our purpose - to grow a safer, cleaner, healthier future for everyone, every day motivates us to make a positive difference to people’s lives worldwide and it drives our business in three ways:
Our purposeIt drives our markets
We are an organisation built for growth. Our purpose keeps us focused on markets where we can have the most beneficial impact on society while delivering strong growth over the short and long term: safety, the environment and healthcare. We buy and grow companies in these markets so they can help us deliver our purpose.
It drives our M&A
How does a potential acquisition help us deliver our purpose? This is the first question we ask when we are thinking about buying a company. If a company doesn’t help us fulfil our purpose, we won’t consider it. We also review our portfolio on a regular basis to ensure our companies remain aligned with our purpose.
It drives our talent
Our purpose helps us attract people who are passionate about helping us fulfil our purpose. Every job interview leads with purpose to ensure that everyone who works with us is focused on achieving it.
Long-term growth drivers
Our purpose gives us exciting opportunities for growth in a diverse range of markets, which have resilient, long‑term growth drivers and high levels of defensibility. These growth drivers reflect demographic trends, including ageing and urbanising populations, increasing demands on infrastructure and natural resources, and growing sustainability‑related opportunities. They are expected to persist over the long term and reflect fundamental global challenges.
In each of these areas, growth is underpinned by increasing safety, health and environmental regulation, as governments and regulators demand higher standards in response to these challenges.
A growing need to improve the safety and efficiency of vital industry and infrastructure
There is a growing need to safeguard people as they live and work in increasingly crowded spaces. Similarly, increasing automation and complexity in industrial processes means that there is more need to protect workers in these hazardous environments.
Increasing demand for better healthcare
As people live longer and the prevalence of chronic health conditions increases, so does the demand by healthcare providers for safer and more efficient diagnostic and treatment methods as innovation presents new options for prevention, diagnosis and treatment, and as aspirations to improve efficiency and the standard of care increase.
The growing need to protect life‑critical natural resources
Life-critical natural resources are increasingly threatened by scarcity, pollution and increasing demands from factors such as population growth and climate change.
Global efforts to address climate change, waste and pollution
As the impacts of climate change, waste and pollution become more severe, populations are increasingly affected.
Investing for the future
We pursue opportunities for growth through investment in our products, services and people to drive organic growth, and by expanding into adjacent markets through acquisitions.
£123m
invested in research and development (R&D) in 2026
Investing in organic growth
We maintain high levels of R&D investment and spend on innovation. Investment to enhance existing products and create new solutions that solve customer problems more effectively is a key component of sustaining strong organic growth and high returns and building stronger market positions.
300+
leaders attended our Accelerate Halma conference in 2026
Investing in our talent
We bring our leaders together to connect with their peers, build new relationships, and share solutions to common business challenges. Although our companies work in different market niches, sectors and countries, they often share similar challenges, and conferences like Accelerate Halma enable our leaders to network, share real-life examples and learn from each other.
£447m
invested in acquisitions in 2026
Investing in acquisitions
We invest in acquisitions to broaden our growth opportunities in current and adjacent market niches, aligned with our purpose. This brings new technology, intellectual property and talent into the Group and expands our market reach, keeping Halma well-positioned in growing markets over the long term.
Portfolio & performance
We actively manage our portfolio of companies by investing in acquisitions in niches adjacent to our existing operations which offer new opportunities for growth, and through mergers and disposals where market conditions change.
companies in our portfolio
countries where we operate
countries where we have customers
consecutive years of profit growth
