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Manchester United share price today

Manchester United plc · MANU · Communication Services · Entertainment · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Manchester United share price: $22.86 at the close on 4 November 2026, +45.9% in a year.

$22.86Price +45.9% in a year
$158 MRevenue (Jun 2026) −4.1% on a year ago
−$28.7 MProfit (Jun 2026)
−15.1%Operating margin −8.5 points on a year ago
−29%ROE FY26
−1.5%ROIC against a 7.2% cost of capital: −8.7 points

Manchester United plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been deteriorating. What will decide it: the next one or two quarters of results.

What is the Manchester United share price today?

Manchester United plc's share price was $22.86 at the close on 4 November 2026. That is 14.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $15 and $24, and at that close it sat 85% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.

Nov 2026: $22.86, 14.4% above its 200-day average.

  • Price $22.86
  • 50-day avg $20.79
  • 200-day avg $19.98
Nov 2026: $22.86, 14.4% above its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$17.58––
18 Jul 2025$17.67––
25 Jul 2025$17.45––
1 Aug 2025$17.57––
8 Aug 2025$17.50––
15 Aug 2025$17.80––
22 Aug 2025$17.51––
29 Aug 2025$17.85––
5 Sep 2025$15.89––
12 Sep 2025$16.41––
19 Sep 2025$15.22$17.15–
26 Sep 2025$15.41$16.90–
3 Oct 2025$15.33$16.65–
10 Oct 2025$15.96$16.45–
17 Oct 2025$17.92$16.43–
24 Oct 2025$18.20$16.52–
31 Oct 2025$16.63$16.52–
7 Nov 2025$15.67$16.36–
14 Nov 2025$15.67$16.30–
21 Nov 2025$15.44$16.23–
28 Nov 2025$15.90$16.21–
5 Dec 2025$15.67$16.26–
12 Dec 2025$15.40$16.28–
19 Dec 2025$15.86$16.28–
26 Dec 2025$15.86$16.19–
2 Jan 2026$15.78$16.00–
9 Jan 2026$16.65$15.80–
16 Jan 2026$16.82$15.81–
23 Jan 2026$17.17$15.90–
30 Jan 2026$17.70$16.11–
6 Feb 2026$17.34$16.31–
13 Feb 2026$17.44$16.49–
20 Feb 2026$17.52$16.65–
27 Feb 2026$18.01$16.87–
6 Mar 2026$17.30$17.07–
13 Mar 2026$16.04$17.15–
20 Mar 2026$16.21$17.19–
27 Mar 2026$16.35$17.19–
2 Apr 2026$17.22$17.19–
10 Apr 2026$17.64$17.21–
17 Apr 2026$17.56$17.22–
24 Apr 2026$17.07$17.21$16.76
1 May 2026$18.54$17.24$16.77
8 May 2026$19.69$17.38$16.79
15 May 2026$19.23$17.51$16.83
22 May 2026$20.00$17.80$16.88
29 May 2026$21.01$18.15$16.94
5 Jun 2026$21.95$18.68$17.05
12 Jun 2026$23.21$19.31$17.19
18 Jun 2026$22.37$19.71$17.29
26 Jun 2026$22.92$20.12$17.44
2 Jul 2026$23.11$20.56$17.58
10 Jul 2026$22.04$21.05$17.74
17 Jul 2026$22.23$21.44$17.92
24 Jul 2026$22.67$21.77$18.09
31 Jul 2026$23.01$22.14$18.28
7 Aug 2026$21.63$22.33$18.38
14 Aug 2026$24.19$22.50$18.49
21 Aug 2026$23.75$22.63$18.66
28 Aug 2026$22.10$22.65$18.85
4 Sep 2026$20.90$22.60$18.99
11 Sep 2026$20.05$22.38$19.08
18 Sep 2026$19.69$22.15$19.19
25 Sep 2026$20.40$21.98$19.31
2 Oct 2026$20.08$21.82$19.44
9 Oct 2026$20.51$21.53$19.56
16 Oct 2026$20.31$21.35$19.68
23 Oct 2026$20.60$21.19$19.80
30 Oct 2026$21.06$20.90$19.90
4 Nov 2026$22.86$20.79$19.98
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 33 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−13.9%
17 Oct 2025−4.5%
24 Oct 2025−2.0%
31 Oct 2025−15.1%
7 Nov 2025−15.8%
14 Nov 2025−16.4%
21 Nov 2025−13.9%
28 Nov 2025−16.9%
5 Dec 2025−7.3%
12 Dec 2025−9.9%
19 Dec 2025+1.7%
26 Dec 2025−1.4%
2 Jan 2026+0.8%
9 Jan 2026−2.0%
16 Jan 2026−10.2%
23 Jan 2026−7.4%
30 Jan 2026+5.0%
6 Feb 2026+7.7%
13 Feb 2026+9.8%
20 Feb 2026+8.9%
27 Feb 2026+12.9%
6 Mar 2026+12.3%
13 Mar 2026+7.0%
20 Mar 2026+6.9%
27 Mar 2026+11.2%
2 Apr 2026+13.1%
10 Apr 2026+8.1%
17 Apr 2026+1.7%
24 Apr 2026−4.2%
1 May 2026+0.6%
8 May 2026+6.7%
15 May 2026+1.8%
22 May 2026+6.0%
29 May 2026+6.4%
5 Jun 2026+17.2%
12 Jun 2026+32.7%
18 Jun 2026+22.9%
26 Jun 2026+25.2%
2 Jul 2026+20.6%
10 Jul 2026+13.8%
17 Jul 2026+21.9%
24 Jul 2026+29.3%
31 Jul 2026+20.4%
7 Aug 2026+5.0%
14 Aug 2026+20.8%
21 Aug 2026+16.1%
28 Aug 2026+3.5%
4 Sep 2026−9.2%
11 Sep 2026−16.7%
18 Sep 2026−14.0%
25 Sep 2026−16.8%
2 Oct 2026−16.4%
9 Oct 2026−10.1%
16 Oct 2026−11.3%
23 Oct 2026−12.0%
30 Oct 2026−9.6%
4 Nov 2026+6.5%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +30% while the S&P 500 moved +23%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Manchester United pay?

Manchester United plc pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Manchester United on?

Manchester United is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Manchester United profitable?

Manchester United plc posted a net loss of $28.7 M in the Jun 2026 quarter. The full FY26 year was a loss of $43.0 M. That loss is 18.2% of the quarter's revenue. The same quarter a year earlier lost $3.9 M. 9 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY26 profit −$43.0 M

  • Net profit −$43.0 M
FY26 profit −$43.0 M
QuarterNet profit
FY21−$92.2 M
FY22−$116 M
FY23−$28.7 M
FY24−$113 M
FY25−$33.0 M
FY26−$43.0 M
Net profit each year, $ M. 6-year window. A grey bar is lower than the year before.

Jun 2026: −$28.7 M

  • Net profit (quarterly) −$28.7 M
Jun 2026: −$28.7 M
QuarterNet profit (quarterly)
Sep 2023−$25.8 M
Dec 2023$20.4 M
Mar 2024−$71.5 M
Jun 2024−$36.3 M
Sep 2024$1.3 M
Dec 2024−$27.7 M
Mar 2025−$2.7 M
Jun 2025−$3.9 M
Sep 2025−$6.6 M
Dec 2025$4.2 M
Mar 2026−$11.8 M
Jun 2026−$28.7 M

Growth on a year earlier

  • Growth on a year earlier −599.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023223.1%
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024−236.2%
Mar 2025–
Jun 2025–
Sep 2025−599.6%
Dec 2025–
Mar 2026–
Jun 2026–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Manchester United make, and is it growing?

Manchester United plc reported $158 M of revenue in the Jun 2026 quarter, −4.1% on the same quarter a year earlier. Over 5 years it has grown 6.5% a year on average. The last full year, FY26, came in at $678 M. The last four reported quarters add to $678 M.

Revenue is everything the company billed its customers in the period.

FY26 revenue was $678 M, +1.7% on the year before.

FY26 revenue $678 M (+1.7% on the year before), 6.5% a year over 5 years

  • Revenue $678 M
FY26 revenue $678 M (+1.7% on the year before), 6.5% a year over 5 years
QuarterRevenue
FY21$494 M
FY22$583 M
FY23$648 M
FY24$662 M
FY25$667 M
FY26$678 M

Growth on a year earlier

  • Growth on a year earlier 1.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2218%
FY2311.2%
FY242.1%
FY250.7%
FY261.7%
Top: revenue each year, $ M. Below: growth on the year before, %. 6-year window. A grey bar is lower than the year before.

Jun 2026: $158 M (−4.1% on a year earlier)

  • Revenue (quarterly) $158 M
Jun 2026: $158 M (−4.1% on a year earlier)
QuarterRevenue (quarterly)
Sep 2023$157 M
Dec 2023$226 M
Mar 2024$137 M
Jun 2024$142 M
Sep 2024$143 M
Dec 2024$199 M
Mar 2025$161 M
Jun 2025$164 M
Sep 2025$140 M
Dec 2025$190 M
Mar 2026$189 M
Jun 2026$158 M

Growth on a year earlier

  • Growth on a year earlier −4.1%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20239.4%
Dec 202334.9%
Mar 2024−19.6%
Jun 2024−15%
Sep 2024−8.9%
Dec 2024−12%
Mar 202517.5%
Jun 202515.5%
Sep 2025−1.9%
Dec 2025−4.2%
Mar 202618%
Jun 2026−4.1%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +2.0% on average, against 6.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +1.7%, against +1.2% a year over the last 8 quarters (stabilising).

How much of every $100 of sales does Manchester United keep?

Manchester United plc's operating margin was −15.1% in the Jun 2026 quarter, 8.5 percentage points lower than the same quarter a year ago. Across 6 years it has been between −14.5% and −1.8%. The latest quarter is below every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −8.5 percentage points on the year while gross margin changed −4.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26: −1.8%, within a range of −14.5% to −1.8% over 6 years

  • Operating margin −1.8%
FY26: −1.8%, within a range of −14.5% to −1.8% over 6 years
QuarterOperating margin
FY21−7.5%
FY22−14.5%
FY23−4.4%
FY24−8.6%
FY25−4%
FY26−1.8%

Change on the year before (points)

  • Change on the year before (points) +2.2 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−7.0 pts
FY23+10.1 pts
FY24−4.2 pts
FY25+4.6 pts
FY26+2.2 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 6-year window.

Jun 2026: operating margin −15.1% (−8.5 points on a year earlier)

  • Operating margin −15.1%
Jun 2026: operating margin −15.1% (−8.5 points on a year earlier)
QuarterOperating margin
Sep 2023−17.6%
Dec 202312%
Mar 2024−26.8%
Jun 2024−20.6%
Sep 2024−23.7%
Dec 20241.1%
Mar 20250.7%
Jun 2025−6.6%
Sep 2025−22.8%
Dec 20258.6%
Mar 202614.2%
Jun 2026−15.1%

Change on a year earlier (points)

  • Change on a year earlier (points) −8.5 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−3.7 pts
Dec 2023+12.2 pts
Mar 2024−22.9 pts
Jun 2024−19.6 pts
Sep 2024−6.1 pts
Dec 2024−10.9 pts
Mar 2025+27.5 pts
Jun 2025+14.0 pts
Sep 2025+0.9 pts
Dec 2025+7.5 pts
Mar 2026+13.5 pts
Jun 2026−8.5 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Manchester United's profit turning into cash?

Manchester United plc's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in $179 M of operating cash against −$43.0 M of profit. After $85.9 M of spending on assets, $92.8 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash $179 M against profit −$43.0 M

  • Operating cash $179 M
  • Net profit −$43.0 M
  • Free cash $92.8 M
FY26: operating cash $179 M against profit −$43.0 M
QuarterOperating cashNet profitFree cash
FY21$113 M−$92.2 M$107 M
FY22$96.4 M−$116 M$88.0 M
FY23$95.8 M−$28.7 M$80.2 M
FY24$85.7 M−$113 M$68.2 M
FY25$72.7 M−$33.0 M$28.0 M
FY26$179 M−$43.0 M$92.8 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 6-year window, yearly figures.

Jun 2026: operating cash $164 M

  • Operating cash (quarterly) $164 M
Jun 2026: operating cash $164 M
QuarterOperating cash (quarterly)
Sep 2023$21.5 M
Dec 2023−$46.5 M
Mar 2024−$15.1 M
Jun 2024$126 M
Sep 2024$13.3 M
Dec 2024−$63.2 M
Mar 2025$22.3 M
Jun 2025$100 M
Sep 2025−$1.3 M
Dec 2025−$11.4 M
Mar 2026$27.4 M
Jun 2026$164 M

Operating cash as % of profit

  • Operating cash as % of profit −273%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023−228%
Mar 2024–
Jun 2024–
Sep 20241,002%
Dec 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025−273%
Mar 2026–
Jun 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Manchester United's cash go?

Manchester United plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $148 M on assets over the last 3 years. Averaged over those years that is 7.3% of FY26 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $148 M over the last 3 years.

FY26: capex $85.9 M, up from the year before

  • Capex $85.9 M
FY26: capex $85.9 M, up from the year before
QuarterCapex
FY21$6.2 M
FY22$8.3 M
FY23$15.6 M
FY24$17.5 M
FY25$44.7 M
FY26$85.9 M
Capital spending each year, $ M.

Jun 2026: capex $66.4 M in the quarter

  • Capex (quarterly) $66.4 M
Jun 2026: capex $66.4 M in the quarter
QuarterCapex (quarterly)
Sep 2023$9.0 M
Dec 2023$2.8 M
Mar 2024$3.1 M
Jun 2024$2.6 M
Sep 2024$10.3 M
Dec 2024$6.9 M
Mar 2025$16.9 M
Jun 2025$10.6 M
Sep 2025$17.0 M
Dec 2025$1.8 M
Mar 2026$0.8 M
Jun 2026$66.4 M

Free cash

  • Free cash $97.7 M
Free cash
QuarterFree cash
Sep 2023$12.4 M
Dec 2023−$49.3 M
Mar 2024−$18.2 M
Jun 2024$123 M
Sep 2024$3.0 M
Dec 2024−$70.2 M
Mar 2025$5.5 M
Jun 2025$89.7 M
Sep 2025−$18.3 M
Dec 2025−$13.2 M
Mar 2026$26.6 M
Jun 2026$97.7 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Manchester United's P/E ratio, and how does it compare with its own history?

Manchester United plc has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Manchester United plc at 5.8× its FY26 revenue of $678 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

PEG 36.60 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 6.00×
  • PEG = 1.0 1.00×
PEG 36.60 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Dec 20216.00×1.00×
Mar 20226.00×1.00×
Jun 20226.00×1.00×
Sep 20226.00×1.00×
Dec 20226.00×1.00×
Mar 20236.00×1.00×
Jun 20236.00×1.00×
Sep 20236.00×1.00×
Dec 20236.00×1.00×
Mar 20246.00×1.00×
Jun 20246.00×1.00×
Sep 20246.00×1.00×
Dec 20246.00×1.00×
Mar 20256.00×1.00×
Jun 20256.00×1.00×
Sep 20256.00×1.00×
Dec 20256.00×1.00×
Mar 20266.00×1.00×
Jun 20266.00×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 19 quarters; values above 6 are drawn at the top edge.
—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the Manchester United business getting better or worse?

Manchester United plc's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +1.7% in FY26

  • Revenue growth 1.7%
Growth year by year: revenue +1.7% in FY26
QuarterRevenue growth
FY21–
FY2218%
FY2311.2%
FY242.1%
FY250.7%
FY261.7%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising

  • Revenue 1.7%
Three growth lines over twelve quarters: revenue stabilising
QuarterRevenue
Sep 202310.2%
Dec 202323.7%
Mar 202414.6%
Jun 20242.1%
Sep 2024−2.1%
Dec 2024−13.8%
Mar 2025−6.2%
Jun 20250.7%
Sep 20252.5%
Dec 20255.6%
Mar 20266.2%
Jun 20261.7%

Profit

  • Profit −300%
Profit
QuarterProfit
Sep 2023–
Dec 2023223.1%
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024−236.2%
Mar 2025–
Jun 2025–
Sep 2025−300%
Dec 2025–
Mar 2026–
Jun 2026–
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 0%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 2023−4.3%
Dec 2023−1.1%
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025−6.7%
Jun 2025−4.8%
Sep 2025−4.5%
Dec 2025−2.9%
Mar 20260%
Jun 2026–
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +1.7%, range −13.8% to +23.7%
RisingROCE · latest 0.0%, range −6.7% to 0.0%

Why it matters: with too little history, we say so rather than guess a direction.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+1.7%+1.5%+6.5%—
Stock price+45.9%———
−4.1%Revenue growth (Jun 2026) · latest quarter against a year ago
6.5%Revenue, 5 years · yearly growth over the long run

How much does Manchester United earn on its capital?

Manchester United plc earned a ROE of −29% in FY26. That is up from a low of −91% in FY22. Its return on capital used (ROIC) is 8.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −6.3% net margin and 0.44× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −6.3% net margin × 0.44× asset turnover × 10.30× leverage (assets divided by equity) ≈ −28.6% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −1.5% − 7.2% = −8.7 percentage points. The 7.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY26: ROE −29%, the climb back from FY22's −91%

  • ROE −28.6%
  • ROIC (annual) −1.6%
  • Cost of capital 7.2%
FY26: ROE −29%, the climb back from FY22's −91%
QuarterROEROIC (annual)Cost of capital
FY21−33.8%−18.6%7.2%
FY22−90.6%−12.5%7.2%
FY23−27.6%−4.4%7.2%
FY24−78.1%−9%7.2%
FY25−17%−3.9%7.2%
FY26−28.6%−1.6%7.2%
Return on equity each year, % (line); ROIC each year, % (line). 6-year window, low years included. The flat line is the 7.2% cost of capital used on this page.

Jun 2026: ROIC −1.0% (last 12 months) against a 7.2% cost of capital

  • ROIC (12 months) −1.0%
  • ROE (12 months) −25.5%
  • Cost of capital 7.2%
Jun 2026: ROIC −1.0% (last 12 months) against a 7.2% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023−3.8%−11.2%7.2%
Dec 2023−5%−117.1%7.2%
Mar 2024−2.4%97%7.2%
Jun 2024−6.2%−204.9%7.2%
Sep 2024−10.2%−88.5%7.2%
Dec 2024−10.3%3.6%7.2%
Mar 2025−12.6%−64.4%7.2%
Jun 2025−7.9%−5.5%7.2%
Sep 2025−5.1%−8%7.2%
Dec 2025−5%−14%7.2%
Mar 2026−3.9%8.9%7.2%
Jun 2026−1%−25.5%7.2%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Manchester United have too much debt?

Manchester United plc has total debt of $692 M against shareholder equity of $150 M as of Jun 2026, so its debt is 4.60× its equity. Year by year, that ratio went from 1.96 in FY21 to 4.60 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt $692 M, 4.60× equity

  • Total debt $692 M
FY26: debt $692 M, 4.60× equity
QuarterTotal debt
FY21$535 M
FY22$641 M
FY23$622 M
FY24$555 M
FY25$645 M
FY26$692 M

Debt-to-equity

  • Debt-to-equity 4.60×
Debt-to-equity
QuarterDebt-to-equity
FY211.96×
FY225.02×
FY235.99×
FY243.83×
FY253.33×
FY264.60×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 6-year window.

Jun 2026: debt $692 M, debt-to-equity 4.60

  • Total debt (quarterly) $692 M
Jun 2026: debt $692 M, debt-to-equity 4.60
QuarterTotal debt (quarterly)
Sep 2023$742 M
Dec 2023$782 M
Mar 2024$663 M
Jun 2024$555 M
Sep 2024$723 M
Dec 2024$740 M
Mar 2025$722 M
Jun 2025$645 M
Sep 2025$758 M
Dec 2025$780 M
Mar 2026$756 M
Jun 2026$692 M

Debt-to-equity

  • Debt-to-equity 4.60×
Debt-to-equity
QuarterDebt-to-equity
Sep 202310.3×
Dec 20238.14×
Mar 20243.62×
Jun 20243.83×
Sep 20244.88×
Dec 20243.76×
Mar 20253.66×
Jun 20253.33×
Sep 20254.07×
Dec 20254.09×
Mar 20264.21×
Jun 20264.60×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Manchester United shareholding pattern?

We have no ownership or short-position figures for Manchester United plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 7.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

How far is Manchester United from balance-sheet trouble?

For Manchester United plc, the Z-score is 0.68. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 0.68 is inside the danger zone, so the balance sheet is a real risk.

How does Manchester United rank in its industry?

45.8 out of 100, rank 16 of 28 in Entertainment, with 64% of the evidence available.

Manchester United plc scores 45.8 out of 100 against the 28 companies it is compared with in Entertainment, ranking 16. Relative strength against the index is 12.1%, and revenue and profit growth are weak.

The four parts add up to the total exactly: 14.5 + 4.7 + 11.4 + 15.2 = 45.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Manchester United compared with?

Manchester United ranks 16 of 28 Entertainment companies on the 4-Factor Sector Score, with 45.8 out of 100.

  1. 1Netflix, Inc.NFLX · quiet · Most evidence points up · 85% evidence71.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.8/35 · Revenue 14.7% · Profit 41.6% · Operating margin change 6.4 points · 95% evidenceCapital efficiency 21.9/25 · ROCE 33.6% · Operating margin 34.6% · 76% evidenceValuation 14.7/20 · P/E 19.6× · PEG 0.44 · 65% evidenceRelative strength 3.9/20 · Lead over its industry -32.3% · Lead over S&P 500 -26.7% · 1 year -39.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 30.8 + 21.9 + 14.7 + 3.9 = 71.3 · What this means: Earnings are strong; relative strength in its sector is -32.3% and the one-year return is -39.8%.
  2. 2IMAX CorporationIMAX · leader · Evidence leans up · 81% evidence62.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.2/35 · Revenue 14.6% · Profit 28.1% · Operating margin change 5.8 points · 83% evidenceCapital efficiency 16.4/25 · ROCE 11.9% · Operating margin 22.5% · 76% evidenceValuation 6.7/20 · P/E 53.6× · PEG 2.43 · 65% evidenceRelative strength 13.2/20 · Lead over its industry 8.6% · Lead over S&P 500 16.6% · 1 year 50.1% · 100% evidence · 11 of 12 weeks aheadExact sum: 26.2 + 16.4 + 6.7 + 13.2 = 62.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Warner Music Group Corp.WMG · turning · Evidence leans up · 74% evidence59.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.1/35 · Revenue 12.9% · Profit 100% · Operating margin change 2.6 points · 62% evidenceCapital efficiency 19.4/25 · ROCE 19.1% · Operating margin 16.7% · 76% evidenceValuation 5.3/20 · P/E 21.2× · PEG 3.54 · 65% evidenceRelative strength 11.8/20 · Lead over its industry -2.4% · Lead over S&P 500 5.5% · 1 year 7.7% · 100% evidence · 4 of 12 weeks aheadExact sum: 23.1 + 19.4 + 5.3 + 11.8 = 59.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  4. 4Roku, Inc.ROKU · leader · Evidence leans up · 64% evidence59.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.6/35 · Revenue 18.5% · Profit — · Operating margin change 14.3 points · 62% evidenceCapital efficiency 10.7/25 · ROCE 8.9% · Operating margin 12.2% · 76% evidenceValuation 9.0/20 · P/E 57.4× · PEG — · 15% evidenceRelative strength 14.2/20 · Lead over its industry 15.5% · Lead over S&P 500 23.7% · 1 year 59.1% · 100% evidence · 9 of 12 weeks aheadExact sum: 25.6 + 10.7 + 9 + 14.2 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5AMC Entertainment Holdings, Inc.AMC · breaking out · Evidence leans up · 64% evidence59.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.3/35 · Revenue 6.4% · Profit — · Operating margin change 8.3 points · 62% evidenceCapital efficiency 8.4/25 · ROCE 4.4% · Operating margin 14.9% · 76% evidenceValuation 10.8/20 · P/E -3.2× · PEG — · 15% evidenceRelative strength 20.0/20 · Lead over its industry 55.7% · Lead over S&P 500 66.5% · 1 year 46.1% · 100% evidence · 10 of 12 weeks aheadExact sum: 20.3 + 8.4 + 10.8 + 20 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Cinemark Holdings, Inc.CNK · leader · Evidence leans up · 71% evidence58.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.8/35 · Revenue 4.5% · Profit -25.4% · Operating margin change 3 points · 83% evidenceCapital efficiency 15.3/25 · ROCE 12.4% · Operating margin 21.7% · 76% evidenceValuation 10.2/20 · P/E 17.1× · PEG — · 15% evidenceRelative strength 17.3/20 · Lead over its industry 17.3% · Lead over S&P 500 25.7% · 1 year 41.3% · 100% evidence · 10 of 12 weeks aheadExact sum: 15.8 + 15.3 + 10.2 + 17.3 = 58.6 · What this means: Relative strength against the index is 25.7%, and revenue and profit growth are weak.
  7. 7The Walt Disney CompanyDIS · breaking out · Evidence leans up · 81% evidence57.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.0/35 · Revenue 4.6% · Profit -26.4% · Operating margin change 3.6 points · 83% evidenceCapital efficiency 14.7/25 · ROCE 9.1% · Operating margin 19.3% · 76% evidenceValuation 14.1/20 · P/E 19.9× · PEG 0.52 · 65% evidenceRelative strength 12.4/20 · Lead over its industry -1.7% · Lead over S&P 500 6.1% · 1 year 7.4% · 100% evidence · 5 of 12 weeks aheadExact sum: 16 + 14.7 + 14.1 + 12.4 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8The Marcus CorporationMCS · losing its lead · Evidence leans up · 81% evidence56.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Revenue 1.9% · Profit 64.3% · Operating margin change 5.6 points · 83% evidenceCapital efficiency 9.1/25 · ROCE 4.4% · Operating margin 12.1% · 76% evidenceValuation 13.1/20 · P/E 31.8× · PEG 0.56 · 65% evidenceRelative strength 13.5/20 · Lead over its industry 19% · Lead over S&P 500 27.1% · 1 year 85.9% · 100% evidence · 10 of 12 weeks aheadExact sum: 20.9 + 9.1 + 13.1 + 13.5 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Fox CorporationFOXA · breaking out · Evidence leans up · 81% evidence55.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.6/35 · Revenue 5.1% · Profit -25.5% · Operating margin change 0.7 points · 83% evidenceCapital efficiency 19.1/25 · ROCE 17.5% · Operating margin 25.2% · 76% evidenceValuation 11.2/20 · P/E 12.3× · PEG 1.5 · 65% evidenceRelative strength 8.8/20 · Lead over its industry -5.3% · Lead over S&P 500 2.3% · 1 year 5.6% · 100% evidence · 9 of 12 weeks aheadExact sum: 16.6 + 19.1 + 11.2 + 8.8 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Madison Square Garden Entertainment Corp.MSGE · losing its lead · Evidence leans up · 64% evidence55.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.7/35 · Revenue 12.5% · Profit 73.7% · Operating margin change 13.7 points · 62% evidenceCapital efficiency 12.8/25 · ROCE 13.9% · Operating margin -4.7% · 76% evidenceValuation 9.1/20 · P/E 56.8× · PEG — · 15% evidenceRelative strength 11.0/20 · Lead over its industry 2.8% · Lead over S&P 500 10.3% · 1 year 69.3% · 100% evidence · 4 of 12 weeks aheadExact sum: 22.7 + 12.8 + 9.1 + 11 = 55.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Sirius XM Holdings Inc.SIRI · turning · Evidence leans up · 64% evidence55.6out of 100GrowthCapitalValuationRelative
  12. 12News CorporationNWS · turning · Evidence leans up · 81% evidence55.2out of 100GrowthCapitalValuationRelative
  13. 13Lionsgate Studios Corp.LION · quiet · Evidence leans up · 64% evidence53.2out of 100GrowthCapitalValuationRelative
  14. 14Liberty Live Holdings, Inc.LLYVK · turning · Evidence leans down · 64% evidence48.9out of 100GrowthCapitalValuationRelative
  15. 15Madison Square Garden Sports Corp.MSGS · Too little evidence to rank firmly · 54% evidence46.8out of 100GrowthCapitalValuationRelative
  16. 16Manchester United plc this pageMANU · turning · Evidence leans down · 64% evidence45.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.5/35 · Revenue 1.5% · Profit — · Operating margin change -8.5 points · 62% evidenceCapital efficiency 4.7/25 · ROCE -1.4% · Operating margin -15.1% · 76% evidenceValuation 11.4/20 · P/E -225× · PEG — · 15% evidenceRelative strength 15.2/20 · Lead over its industry 4.4% · Lead over S&P 500 12.1% · 1 year 45.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 14.5 + 4.7 + 11.4 + 15.2 = 45.8 · What this means: Relative strength against the index is 12.1%, and revenue and profit growth are weak.
  17. 17Angel Studios, Inc.ANGX · quiet · Evidence leans down · 64% evidence45.1out of 100GrowthCapitalValuationRelative
  18. 18TKO Group Holdings, Inc.TKO · turning · Evidence leans down · 81% evidence44.7out of 100GrowthCapitalValuationRelative
  19. 19Versant Media Group, Inc.VSNT · quiet · Too little evidence to rank firmly · 51% evidence43.5out of 100GrowthCapitalValuationRelative
  20. 20Live Nation Entertainment, Inc.LYV · turning · Evidence leans down · 71% evidence42.3out of 100GrowthCapitalValuationRelative
  21. 21Starz Entertainment Corp.STRZ · quiet · Evidence leans down · 61% evidence37.2out of 100GrowthCapitalValuationRelative
  22. 22Warner Bros. Discovery, Inc.WBD · Too little evidence to rank firmly · 51% evidence37.2out of 100GrowthCapitalValuationRelative
  23. 23Reservoir Media, Inc.RSVR · turning · Evidence leans down · 74% evidence37.1out of 100GrowthCapitalValuationRelative
  24. 24Atlanta Braves Holdings, Inc.BATRA · turning · Most evidence points down · 64% evidence34.5out of 100GrowthCapitalValuationRelative
  25. 25Sphere Entertainment Co.SPHR · quiet · Most evidence points down · 64% evidence32.6out of 100GrowthCapitalValuationRelative
  26. 26AMC Global Media Inc.AMCX · quiet · Most evidence points down · 64% evidence29.4out of 100GrowthCapitalValuationRelative
  27. 27Formula One GroupFWONK · basing · Too little evidence to rank firmly · 44% evidence42.7out of 100GrowthCapitalValuationRelative
  28. 28Paramount Skydance CorporationPSKY · Too little evidence to rank firmly · 31% evidence42.2out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Entertainment, all 28 compared on one page.

Which companies are close to Manchester United in size?

Manchester United is the 17th largest of 32 Entertainment companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Madison Square Garden Sports Corp., Versant Media Group, Inc. and Cinemark Holdings, Inc. Just below it: Sphere Entertainment Co., Lionsgate Studios Corp. and Madison Square Garden Entertainment Corp.

Entertainment companies close in size

  1. Madison Square Garden Sports Corp. $7.8 billion
  2. Versant Media Group, Inc. $4.6 billion
  3. Cinemark Holdings, Inc. $4.6 billion
  4. Manchester United plc $3.9 billion
  5. Sphere Entertainment Co. $3.9 billion
  6. Lionsgate Studios Corp. $3.8 billion
  7. Madison Square Garden Entertainment Corp. $3.7 billion

All 32 Entertainment companies, largest first

Companies close in size in other industries

  1. Relay Therapeutics, Inc. $4 billion · Biotechnology
  2. Neptune Insurance Holdings Inc. $3.9 billion · Insurance Brokers
  3. Manchester United plc $3.9 billion
  4. Iovance Biotherapeutics, Inc. $3.9 billion · Biotechnology
  5. Marriott Vacations Worldwide Corporation $3.9 billion · Resorts & Casinos

What else do people ask about Manchester United?

What were Manchester United's latest quarterly results?

Manchester United plc reported revenue of $158 M and a net loss of $28.7 M for the Jun 2026 quarter. Earnings per share were −$0.17. The operating margin was −15.1%, 8.5 percentage points lower than a year earlier (as of 4 November 2026).

What is Manchester United's market cap?

Manchester United plc's market capitalisation is $3.9 B at a stock price of $22.86. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Manchester United performing?

Manchester United plc's latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 4 November 2026).

Will Manchester United's stock price go up?

This page does not forecast Manchester United plc's stock price. What it shows instead: the stock price is $22.86. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Where is Manchester United in its business cycle?

Manchester United plc's FY26 operating margin was −1.8%, against a 6-year range of −14.5% to −1.8%: the middle of its own range, neither a peak nor a low. The latest quarter was −15.1%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Manchester United story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Manchester United a stock worth studying right now?

What the numbers show: Manchester United plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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