Smith & Nephew plc Sponsored ADR (SNN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 18	—	$0.82	—	—	—	—
Q2 18	—	$0.38	—	—	—	—
Q1 18	—	$0.81	—	—	—	—
Q4 17	—	$0.39	—	—	—	—
Q3 17	—	$0.35	—	—	—	—
Q2 17	—	$0.46	—	—	—	—
Q1 17	—	$0.76	—	—	—	—
Q4 16	—	$0.44	—	—	—	—
Q3 16	—	$0.88	—	—	—	—
Q2 16	—	$0.83	—	—	—	—
Q1 16	—	$0.37	—	—	—	—
Q4 15	$0.53	$0.51	-3.8%	—	—	—
Q3 15	$0.44	$0.95	+115.9%	—	—	—
Q2 15	$0.41	$0.43	+4.9%	—	—	—
Q1 15	$0.4	$0.37	-7.5%	—	—	—
Q4 14	$0.53	$1.28	+141.5%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.44	—	—	$6.2B	—
FY24	—	$0.94	—	—	$5.8B	—
FY23	—	$0.6	—	—	$5.5B	—
FY22	—	$0.51	—	—	$5.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.7B	$4.8B	$4.9B	$5.1B	$4.6B	$5.2B	$5.2B	$5.5B	$5.8B	$6.2B
YoY change	+0.76%	+2.06%	+2.92%	+4.77%	-11.2%	+14.3%	+0.06%	+6.4%	+4.7%	+6.09%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.7B	4.8B	4.9B	5.1B	4.6B	5.2B	5.2B	5.5B	5.8B	6.2B
Cost of revenue	1.3B	1.2B	1.3B	1.3B	1.4B	1.5B	1.5B	1.7B	1.8B	2B
Gross profit	3.4B	3.5B	3.6B	3.8B	3.2B	3.7B	3.7B	3.8B	4B	4.2B
Gross margin	72.8%	73.8%	73.5%	74%	69.4%	70.4%	70.5%	68.8%	69.6%	68%
Research & development	230M	223M	237M	268M	307M	310M	345M	339M	289M	296M
Selling, general & administrative	2B	2.2B	2.2B	2.3B	2.6B	2.4B	2.4B	2.6B	2.7B	2.8B
Operating expenses	2.3B	2.4B	2.4B	2.6B	2.9B	2.7B	2.8B	2.9B	2.9B	3.1B
Operating income	902M	940M	1B	1B	295M	728M	634M	620M	860M	857M
Operating margin	19.3%	19.7%	20.5%	19.7%	6.47%	14%	12.2%	11.2%	14.8%	13.9%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	1.1B	879M	781M	743M	246M	586M	235M	290M	498M	779M
Income tax	278M	112M	118M	143M	-202M	62M	12M	27M	86M	154M
Net income	784M	767M	663M	600M	448M	524M	223M	263M	412M	625M
Net margin	16.8%	16.1%	13.5%	11.7%	9.82%	10.1%	4.28%	4.74%	7.09%	10.1%
EBITDA	1.4B	1.4B	1.4B	1.5B	866M	1.3B	1.1B	1.2B	1.4B	1.6B
EPS	1.79	1.75	1.52	1.37	1.03	1.2	0.51	0.6	0.94	1.44
Diluted EPS	1.76	1.75	1.51	1.37	1.02	1.19	0.51	0.6	0.94	1.43

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 12	Q2 12	Q3 12	Q4 12	Q1 13	Q2 13	Q3 13	Q4 13	Q1 14	Q2 14	Q3 14	Q4 14
Revenue	1.1B	1B	952M	1.1B	1.1B	1.1B	1B	1.2B	1.1B	1.1B	1.1B	1.2B
Cost of revenue	271M	265M	244M	290M	269M	278M	260M	293M	268M	288M	297M	309M
Gross profit	808M	764M	708M	787M	806M	796M	767M	882M	805M	859M	851M	940M
Gross margin	74.9%	74.2%	74.4%	73.1%	75%	74.1%	74.7%	75.1%	75%	74.9%	74.1%	75.3%
Research & development	43M	42M	40M	46M	52M	58M	59M	62M	56M	64M	57M	58M
Selling, general & administrative	529M	512M	481M	361M	547M	550M	528M	361M	520M	661M	634M	319M
Operating expenses	572M	554M	521M	407M	599M	608M	587M	423M	576M	725M	691M	377M
Operating income	236M	210M	187M	286M	207M	188M	180M	307M	229M	134M	160M	372M
Operating margin	21.9%	20.4%	19.6%	26.6%	19.3%	17.5%	17.5%	26.1%	21.3%	11.7%	13.9%	29.8%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	231M	457M	191M	215M	204M	188M	178M	232M	221M	128M	153M	212M
Income tax	72M	167M	59M	73M	61M	59M	56M	70M	71M	39M	51M	52M
Net income	159M	290M	132M	142M	143M	129M	122M	162M	150M	89M	102M	160M
Net margin	14.7%	28.2%	13.9%	13.2%	13.3%	12%	11.9%	13.8%	14%	7.76%	8.89%	12.8%
EBITDA	314M	286M	275M	425M	296M	283M	273M	404M	320M	237M	276M	353M
EPS	0.36	0.65	0.29	0.32	0.32	0.29	0.27	0.36	0.34	0.2	0.23	0.36
Diluted EPS	0.35	0.65	0.29	0.32	0.31	0.28	0.27	0.36	0.33	0.2	0.23	0.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	15.3B	16.3B	21B	18.4B	15.2B	11.7B	11.9B	10.7B	14.2B	11.3B
Enterprise value	—	16.6B	17.4B	22.8B	20.3B	17.2B	14.2B	14.7B	13.4B	17B	60.3B
Shares outstanding	438M	437.6M	436.2M	437.3M	436.6M	438.1M	436M	435.4M	436.4M	433.4M	433.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	20	24.6	35	41.1	28.9	52.6	45.2	26	22.8	18.3
P/S	—	3.22	3.32	4.09	4.04	2.91	2.25	2.14	1.85	2.31	1.79
P/B	—	3.3	3.35	4.09	3.49	2.72	2.23	2.28	2.04	2.69	11.1
EV/EBITDA	—	11.9	12.2	15	23.5	13.2	13.5	12.7	9.43	10.7	43.6
EV/Sales	—	3.48	3.55	4.44	4.46	3.3	2.73	2.64	2.31	2.76	9.57
Earnings yield	—	5.01%	4.07%	2.85%	2.43%	3.45%	1.9%	2.21%	3.84%	4.4%	5.45%
FCF yield	—	4.66%	3.58%	3.62%	2.67%	3.09%	0.94%	1.52%	5.65%	5.99%	9.34%
PEG	—	—	—	—	—	—	—	—	—	—	-16.6

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	72.8%	73.8%	73.5%	74%	69.4%	70.4%	70.5%	68.8%	69.6%	68%	75.3%
Operating margin	19.3%	19.7%	20.5%	19.7%	6.47%	14%	12.2%	11.2%	14.8%	13.9%	14.5%
Net margin	16.8%	16.1%	13.5%	11.7%	9.82%	10.1%	4.28%	4.74%	7.09%	10.1%	10.1%
ROE	19.8%	16.5%	13.6%	11.7%	8.49%	9.41%	4.24%	5.04%	7.83%	11.8%	11.9%
ROA	10.7%	9.75%	8.23%	6.45%	4.07%	4.8%	2.24%	2.63%	3.98%	5.98%	5.16%
ROIC	12.1%	13.8%	14.3%	11.8%	4.09%	8.55%	7.73%	7.03%	8.93%	8.53%	11.1%
Return on tangible assets	537%	200.8%	68.7%	102.2%	20.5%	24.4%	15.6%	14.8%	18.4%	25.2%	-207%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.88	2.03	2.1	2.06	2.76	2.08	2.25	1.77	2.89	2.57	2.14
Quick ratio	0.95	1.06	1.15	1.03	1.76	1.21	0.96	0.72	1.33	1.25	1.08
Debt / equity	0.42	0.31	0.3	0.4	0.7	0.6	0.55	0.59	0.63	0.63	0.73
Debt / assets	0.22	0.18	0.18	0.22	0.34	0.31	0.29	0.31	0.32	0.32	0.23
Net debt / EBITDA	1.13	0.92	0.77	1.17	2.23	1.57	2.38	2.42	1.9	1.74	1.36
Interest coverage	16.6	14.1	12	10.9	4.28	7.3	3.58	3.09	3.96	5.35	16.9
Effective tax rate	26.2%	12.7%	15.1%	19.2%	0%	10.6%	5.11%	9.31%	17.3%	19.8%	29.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.7	10.9	11.2	11.7	10.4	11.9	12	12.7	13.3	14.2	2.95
EPS (basic)	1.79	1.75	1.52	1.37	1.03	1.2	0.51	0.6	0.94	1.44	1.44
EPS (diluted)	1.76	1.75	1.51	1.37	1.02	1.19	0.51	0.6	0.94	1.43	1.47
Book value per share	9.04	10.6	11.2	11.8	12.1	12.7	12.1	12	12.1	12.2	2.43
FCF per share	1.04	1.63	1.34	1.74	1.13	1.07	0.25	0.42	1.39	1.97	0.69
Cash per share	0.23	0.39	0.84	0.63	4.04	2.94	0.8	0.69	1.42	1.29	0.35
Capex per share	—	—	—	—	—	—	—	0.98	0.87	1	1

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	7.7%	6.56%	7.02%	7.02%
Capex / operating cash flow	—	—	—	—	—	—	—	70.2%	38.6%	33.7%	33.7%
Payout ratio	35.6%	35.1%	48.4%	53%	73.2%	62.8%	146.6%	124.3%	79.4%	52.8%	53.2%
Dividend yield	—	1.76%	1.97%	1.51%	1.78%	2.17%	2.79%	2.75%	3.05%	2.32%	3.56%

Yield

3.56%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.482

ex-dividend Mar 27, 2026

Payout ratio

53%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 27, 2026	$0.482
Oct 3, 2025	$0.30
Mar 28, 2025	$0.462
Oct 4, 2024	$0.288
Apr 1, 2024	$0.462

Period	Q1 12	Q2 12	Q3 12	Q4 12	Q1 13	Q2 13	Q3 13	Q4 13	Q1 14	Q2 14	Q3 14	Q4 14
Revenue	$1.1B	$1B	$952M	$1.1B	$1.1B	$1.1B	$1B	$1.2B	$1.1B	$1.1B	$1.1B	$1.2B
YoY change	+2.27%	-4.46%	-7.75%	-2.62%	-0.37%	+4.37%	+7.88%	+9.1%	-0.19%	+6.8%	+11.8%	+6.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	100M	169M	365M	277M	1.8B	1.3B	350M	302M	619M	557M
Receivables	988M	1.1B	1.1B	1.1B	911M	971M	1B	1.1B	1.1B	1.2B
Inventory	1.2B	1.3B	1.4B	1.6B	1.7B	1.8B	2.2B	2.4B	2.4B	2.1B
Total current assets	2.5B	2.7B	3.1B	3.2B	4.7B	4.4B	3.9B	4B	4.4B	4.1B
Property, plant & equipment	863M	976M	1.1B	1.3B	2.1B	1.5B	1.5B	1.5B	1.4B	1.6B
Goodwill & intangibles	7.2B	7.5B	7.1B	8.7B	8.8B	8.8B	8.5B	8.2B	8.1B	8B
Total assets	7.3B	7.9B	8.1B	9.3B	11B	10.9B	10B	10B	10.4B	10.5B
Accounts payable	807M	873M	854M	941M	891M	1B	1B	1B	1.1B	1.2B
Short-term debt	86M	27M	164M	72M	337M	491M	160M	765M	63M	150M
Total current liabilities	1.3B	1.3B	1.5B	1.6B	1.7B	2.1B	1.7B	2.3B	1.5B	1.6B
Long-term debt	1.6B	1.4B	1.3B	2B	3.4B	2.8B	2.7B	2.3B	3.3B	3.2B
Total liabilities	3.4B	3.2B	3.2B	4.2B	5.7B	5.4B	4.7B	4.8B	5.1B	5.2B
Shareholders' equity	4B	4.6B	4.9B	5.1B	5.3B	5.6B	5.3B	5.2B	5.3B	5.3B
Total debt	1.6B	1.4B	1.5B	2B	3.7B	3.3B	2.9B	3.1B	3.3B	3.3B
Net debt	1.6B	1.3B	1.1B	1.8B	1.9B	2B	2.5B	2.8B	2.7B	2.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 12	Q2 12	Q3 12	Q4 12	Q1 13	Q2 13	Q3 13	Q4 13	Q1 14	Q2 14	Q3 14	Q4 14
Cash & short-term investments	254M	221M	445M	178M	125M	101M	136M	137M	182M	140M	147M	93M
Receivables	1.1B	1B	953M	915M	1B	1B	1.1B	935M	1.1B	1.2B	1.2B	968M
Inventory	888M	872M	890M	901M	911M	933M	975M	1B	1.1B	1.2B	1.2B	1.2B
Total current assets	2.3B	2.1B	2.3B	2.1B	2.1B	2.1B	2.2B	2.3B	2.4B	2.5B	2.5B	2.4B
Property, plant & equipment	—	—	—	741M	—	—	—	763M	—	—	—	837M
Goodwill & intangibles	3.1B	3B	3B	4.5B	4.4B	4.4B	4.4B	4.6B	4.6B	7.9B	7.7B	7.5B
Total assets	4.9B	4.8B	5B	5.6B	5.5B	5.5B	5.6B	5.8B	5.9B	7.7B	7.7B	7.3B
Accounts payable	518M	538M	646M	646M	616M	636M	752M	751M	716M	806M	878M	807M
Short-term debt	268M	56M	53M	38M	54M	46M	69M	44M	61M	65M	91M	39M
Total current liabilities	1B	799M	908M	930M	916M	890M	1B	1.1B	1.1B	1.1B	1.2B	1.2B
Long-term debt	15M	15M	16M	430M	209M	335M	289M	347M	337M	2B	1.9B	1.7B
Total liabilities	1.4B	1.3B	1.4B	1.8B	1.5B	1.6B	1.7B	1.8B	1.7B	3.6B	3.6B	3.3B
Shareholders' equity	3.5B	3.6B	3.6B	3.9B	4B	3.9B	3.9B	4B	4.2B	4.2B	4B	4B
Total debt	283M	71M	69M	468M	263M	381M	358M	391M	398M	2.1B	2B	1.7B
Net debt	29M	-150M	-376M	290M	138M	280M	222M	254M	216M	1.9B	1.9B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.1B	879M	781M	743M	246M	586M	235M	290M	498M	779M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	27M	31M	35M	32M	26M	41M	40M	39M	40M	43M
Change in working capital	-121M	-57M	-260M	-174M	164M	-232M	-510M	-227M	-123M	33M
Operating cash flow	1B	904M	607M	656M	492M	469M	-169M	608M	987M	1.3B
Capital expenditure	—	—	—	—	—	—	—	-427M	-381M	-433M
Investing cash flow	9M	-167M	-33M	-869M	-172M	-287M	-114M	-448M	-569M	-444M
Dividends paid	-279M	-269M	-321M	-318M	-328M	-329M	-327M	-327M	-327M	-330M
Share repurchases	-368M	-52M	-48M	-63M	-16M	0	-158M	0	0	-502M
Financing cash flow	-567M	-498M	-401M	-72M	1.2B	-853M	-1.3B	-299M	-736M	-944M
Net change in cash	456M	239M	173M	-285M	1.5B	-671M	-1.6B	-139M	-318M	-103M
Free cash flow	457M	714M	584M	760M	492M	469M	110M	181M	606M	852M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 12	Q2 12	Q3 12	Q4 12	Q1 13	Q2 13	Q3 13	Q4 13	Q1 14	Q2 14	Q3 14	Q4 14
Net income	231M	457M	191M	215M	204M	188M	178M	232M	221M	128M	153M	212M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	9M	11M	9M	5M	9M	8M	6M	5M	9M	7M	7M	9M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	242M	468M	198M	220M	212M	195M	183M	236M	233M	139M	165M	231M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	93M	0	-782M	—	7M	0	-74M	—	-1.6B	-1M	-1M
Dividends paid	—	-97M	—	-89M	—	-146M	—	-93M	—	-152M	—	-98M
Share repurchases	0	0	0	0	-3M	-77M	-76M	-75M	-1M	-30M	-24M	-20M
Financing cash flow	-31M	-294M	22M	-98M	-191M	-92M	-103M	-819M	-2M	1.5B	-71M	-456M
Net change in cash	211M	267M	220M	-660M	21M	110M	80M	-657M	231M	75M	93M	-226M
Free cash flow	96M	172M	195M	174M	137M	69M	125M	196M	26M	46M	52M	184M

Date	Ratio
Oct 15, 2014	2499:1000
Dec 16, 2003	2:1

Smith & Nephew plc Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history