RELX

Specialty Business Services · Industrials

Price

$33.70

-0.32 (-0.94%)

Market Cap

$58.96B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count falling — buybacks

−4.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.94B (2021) → 1.84B (2025)

RELX is a British company that sells information, data, and analytics tools to professionals in four main areas: science and medicine, legal services, risk management, and trade events. Its well-known brands include LexisNexis for legal research, Elsevier for scientific journals, and Reed Exhibitions for industry conferences. It serves customers like lawyers, doctors, researchers, insurance companies, and banks across more than 180 countries.

Most of RELX's revenue comes from subscriptions and licenses, meaning customers pay recurring fees to access its databases and software tools rather than buying one-time products. This model creates steady, predictable income and makes it hard for customers to switch once they are embedded in RELX's workflows — a strong competitive advantage. The company generates roughly two-thirds of its revenue from North America and Europe. Its key growth driver is expanding its analytics and AI-powered tools, which command higher prices, though rising competition from technology companies entering the data and legal research space remains a notable risk.

Winston Score History

Politician Trades

2 trades / 12mo

2 Congressional buys and 0 sells on RELX in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

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

Revenue Growth

+0.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+15.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$352M/ year

→ Flat (-3% vs prior year)

3.7% of revenue

In line with sector average (4%)

Steady R&D investment year-over-year

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$494M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

RELX is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

63.7%

Premium pricing power — 63.7% gross margin

Operating Margin

31.3%

Excellent — 31.3% operating margin

ROCE

15.7%

Strong — 15.7% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+7.2%

Steady sales growth (7.2% YoY)

EPS YoY

+18.9%

Earnings growing fast (18.9% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

138%

Turns 138% of profit into real cash

FCF Margin

28.8%

Converts sales into free cash efficiently (28.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

3.07

Heavy debt load (3.07)

Interest Cover

10.31x

Comfortably covers interest (10.3x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

15.7x

Fair value — P/E 15.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

-4.7

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

2.84%

Moderate income — 2.84% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+22.6%

Dividend growing fast (22.6% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial