VS Series
Evri v Royal Mail
The parcel challenger and the 500-year-old postal service. How do their accounts compare?
Royal Mail leads on turnover, pre-tax profit and net assets; Evri on profit margin and growth. Royal Mail is the biggest by turnover at £8,198m, against £1,853m at Evri. Evri keeps more of every £100 it takes, £9.51 as pre-tax profit.
The year ends are close enough to compare like for like.
Accounts compared: Evri to Mar 2025 · Royal Mail to Mar 2025
Who they are
Evri
Evri Limited · 03900782Evri is a parcel delivery company that carries parcels for online retailers to homes across the UK and lets people send and return parcels through ParcelShops and lockers.In brief: parcel delivery company · delivers for online retailers · ParcelShops and lockers · formerly HermesFull profile →Royal Mail
Royal Mail Group Limited · 04138203Royal Mail is the UK's national postal service, collecting, sorting and delivering letters and parcels across the country, and it also runs the Parcelforce Worldwide express parcels service.In brief: national postal service · letters and parcels · universal service provider · part of International Distribution ServicesFull profile →The Numbers
The leader on each measure is marked. Movements are against each company's own prior year. Pre-tax profit is filed except where marked (est.).
Category winners
Biggest by turnover
Royal Mail
£8,198m
Most pre-tax profit
Royal Mail
£273m
Highest profit margin
Evri
9.5%
Fastest-growing turnover
Evri
+9.9%
Biggest employer
Royal Mail
126,811 staff
Highest pay per head
Royal Mail
£43,000
Most turnover per head
Evri
£217,000
Largest net assets
Royal Mail
£2,402m
Most cash
Royal Mail
£341m
The Takeaway
- Evri converts the most of its turnover. Of every £100, £9.51 reaches pre-tax profit, against £3.33 at Royal Mail.
- Royal Mail is the largest on the top line, £8,198m of turnover, 4.4x Evri's £1,853m.
- Evri is growing fastest, turnover +9.9% on its own prior year.
- Royal Mail is the biggest employer with 126,811 people; Royal Mail pays the most per head, an average staff cost of about £43,000.
- Royal Mail has the largest balance sheet, net assets of £2,402m.
Who keeps the most of every £100 of sales?
Evri keeps the most: £9.51 of every £100 of turnover becomes pre-tax profit. Royal Mail keeps the least, £3.33.
Financing bites hardest at Evri: £2.33 of every £100 goes on interest.
Every profit figure here is the one the company filed.
The chart splits each company's turnover into £100: what goes on people, on interest and on everything else, and what is left as profit.
Out of every £100 of turnover
Each column is £100 of that company's own turnover, so companies of any size compare on one scale; the figures are pounds out of each £100, not millions. Companies run from the best margin to the worst. Payroll is staff costs, financing is interest paid, other running costs are everything else, and profit is pre-tax profit, filed or estimated as marked in the table. A loss is not an extra cost: it is the part of the costs that runs past the £100 line, marked with a red bracket. Hover over any segment for its figure.
Who is the biggest, and does the comparison hold?
By turnover the order is Royal Mail (£8,198m), Evri (£1,853m).
By headcount, Royal Mail leads with 126,811 employees.
The accounting periods all end within 1 month of each other. All are on the same filing basis.
Turnover on the latest filing
Who is growing fastest?
Evri grew fastest, turnover +9.9% on its own prior year, ahead of Royal Mail (+4.8%).
Turnover change on each company's own prior year
Who employs the most, who pays the most, and who brings in the most per head?
Royal Mail employs the most, 126,811 people, against 8,540 at Evri.
Royal Mail has the highest average staff cost, about £43,000 a head; Evri the lowest, about £34,000.
Evri brings in the most turnover per employee, about £217,000, against £65,000 at Royal Mail. It says as much about the business model as the workforce: a marketplace or a wholesaler needs far fewer people per pound than a restaurant or a gym.
Who owns each one?
Ownership as recorded on the Companies House register of people with significant control, in the bands the register uses.
Held by Concert Newco Limited
A company recorded as a person with significant control. 1 outstanding charge on the register.
Who owns Evri →
Royal Mail Group Limited · 04138203Held by Ids Holdco Limited
A company recorded as a person with significant control. 3 outstanding charges on the register.
Who owns Royal Mail →
What does the full ledger show?
| Measure | Evri | Royal Mail |
|---|---|---|
| Registered name | EVRI LIMITED | ROYAL MAIL GROUP LIMITED |
| Company number | 03900782 | 04138203 |
| Incorporated | 1999 | 2001 |
| Accounts filed | 25 November 2025 | 22 December 2025 |
| Turnover, prior year | £1,686m | £7,819m |
| Pre-tax profit, prior year | £119m | -£93m |
| Staff costs | £293m | £5,417m |
| Payroll share of turnover | 15.8% | 66.1% |
| Employees, prior year | 8,259 | 123,474 |
| Dividends paid | £108m | n/d |
| Charges outstanding | 1 | 3 |
A figure the filing does not disclose is shown as n/d; a zero in a filing is treated as not disclosed. Rounding: below £0.1m in thousands, £0.1m to £2m to one decimal place, above that to the nearest million.
Evri v Royal Mail: common questions
Who is the biggest of Evri or Royal Mail?
Royal Mail, with turnover of £8,198m in the year to March 2025.
Which makes the most profit?
Royal Mail: £273m pre-tax in the year to March 2025.
Which employs the most people?
Royal Mail, with 126,811 employees in its latest accounts.
Evri or Royal Mail: which is bigger?
Royal Mail, with turnover of £8,198m against £1,853m at Evri on their latest filings. On margin, Evri keeps more of each £100 as pre-tax profit. The full head to head is in the VS Series. Read the VS page →
Where do these figures come from?
Each company's latest accounts filed at Companies House. Each links to its full Spark Intel profile, which names the filing it comes from.
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