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WPP

WPP
15
Advertising Agencies · Communication Services
Also trades as: WPP.L
Exchange
New York Stock Exchange
Winston Score
15
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

WPP is one of the world's largest advertising and marketing services companies. It helps big brands — like Ford, Unilever, and Coca-Cola — create ads, run marketing campaigns, and manage their public image. WPP owns a large network of well-known agencies, including Ogilvy, GroupM, and VMLY&R, which do everything from TV commercials to digital marketing.

WPP earns money by charging clients fees and retainers for creative, media planning, and data services. It operates in over 100 countries, with major revenue coming from North America, Europe, and Asia. Its scale and long-standing client relationships give it some competitive advantage, but the advertising industry is under pressure from clients cutting budgets and shifting spending toward in-house teams and tech platforms like Google and Meta. The company's biggest challenge is growing revenue while managing costs, especially as artificial intelligence changes how advertising content is created and delivered.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-55.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~13 months

$3.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

WPP's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
12.6%
Thin — 12.6% gross margin
Profit after running costs
Operating Margin
5.7%
Thin — 5.7% operating margin
Return on the money invested
ROCE
6.5%
Weak — 6.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-6.1%
Shrinking sales (-6.1% YoY)
Profit growth
EPS YoY
-163.4%
Earnings shrinking (-163.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
7.6%
Modest free cash flow (7.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
2.14
Heavy debt load (2.14)
Covers its interest
Interest Cover
1.52x
Dangerous — barely covers interest (1.5x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
5.02%
no trend
Healthy income — 5.02% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
-25.7%
no trend
Dividend cut (-25.7% YoY) — warning sign

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