Sibanye Stillwater Limited (SBSW) Revenue History
Annual and quarterly revenue from 2011 to present
SBSW Revenue Over Time (2011–2025)
SBSW Revenue Growth History
10 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- -7.7%
- FY2013 revenue growth
- +22.6%
- FY2014 revenue growth
- +3.7%
- FY2015 revenue growth
- +4.3%
- FY2016 revenue growth
- +37.5%
- FY2017 revenue growth
- +47.0%
- FY2018 revenue growth
- +10.3%
- FY2019 revenue growth
- +44.0%
- FY2020 revenue growth
- +74.7%
- FY2021 revenue growth
- +35.2%
- FY2022 revenue growth
- -19.7%
- FY2023 revenue growth
- -17.8%
- FY2024 revenue growth
- -1.4%
- FY2025 revenue growth
- +7.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $71.36B | +25.4% |
| Q2 2025 | $54.77B | -0.8% |
| Q4 2024 | $56.92B | +7.2% |
| Q2 2024 | $55.20B | -8.9% |
| Q4 2023 | $53.12B | -21.8% |
| Q2 2023 | $60.57B | +72.1% |
| Q4 2022 | $67.91B | -21.1% |
| Q2 2022 | $35.19B | -59.1% |
Revenue Breakdown (FY 2024)
SBSW's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SBSW Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 21, 2026, Sibanye Stillwater Limited (SBSW) generated trailing twelve-month (TTM) revenue of $238.26 billion, reflecting exceptional growth of +25.4% year-over-year. The most recent quarter (Q4 2025) recorded $71.36 billion in revenue, up 30.3% sequentially.
Historical Growth Trajectory
SBSW's 5-year compound annual growth rate (CAGR) stands at -1.2%, indicating revenue contraction over this period. The 3-year CAGR of -4.6% is below the 5-year average, signalling a growth deceleration in recent years. Sibanye Stillwater Limited's highest annual revenue of $172.19 billion was recorded in 2021.
Revenue by Segment
SBSW's revenue is primarily driven by Pgm Mining Activities (36%), Gold Mining Activities (22%), and Platinum Mining Activities (12%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Basic Materials sector peers — including PAL (+27.6% YoY), NEM (-11.7% YoY), and AEM (+44.2% YoY) — SBSW has underperformed the peer group in revenue growth. Compare SBSW vs PAL →
SBSW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SBSWCurrent | $238.3B | +25.4% | -1.2% | 18.5% | |
 PAL | $430M | +27.6% | - | 3.8% | |
 NEM | $22.1B | -11.7% | +14.1% | 46.9% | |
 AEM | $11.9B | +44.2% | +29.2% | 53.1% | |
 KGC | $7.2B | +42.7% | +11.2% | 43.2% |
SBSW Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $120.10B | +7.1% | $28.61B | 23.8% | $22.19B | 18.5% |
| 2024 | $112.13B | -1.4% | $6.30B | 5.6% | $3.68B | 3.3% |
| 2023 | $113.68B | -17.8% | $12.78B | 11.2% | $13.62B | 12.0% |
| 2022 | $138.29B | -19.7% | $34.83B | 25.2% | $36.43B | 26.3% |
| 2021 | $172.19B | +35.2% | $60.17B | 34.9% | $62.49B | 36.3% |
| 2020 | $127.39B | +74.7% | $42.26B | 33.2% | $43.48B | 34.1% |
| 2019 | $72.93B | +44.0% | $9.18B | 12.6% | $8.26B | 11.3% |
| 2018 | $50.66B | +10.3% | $2.31B | 4.6% | $1.09B | 2.2% |
| 2017 | $45.91B | +47.0% | $3.33B | 7.3% | $1.63B | 3.6% |
| 2016 | $31.24B | +37.5% | $5.94B | 19.0% | $6.49B | 20.8% |
| 2015 | $22.72B | +4.3% | $2.30B | 10.1% | $2.70B | 11.9% |
| 2014 | $21.78B | +3.7% | $3.78B | 17.4% | $4.21B | 19.3% |
| 2013 | $21.01B | +22.6% | $3.90B | 18.6% | $3.70B | 17.6% |
| 2012 | $17.13B | -7.7% | $3.01B | 17.6% | $2.81B | 16.4% |
| 2011 | $18.57B | - | $4.65B | 25.0% | $4.48B | 24.1% |
Intrinsic Valuation
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Historical Returns
15+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SBSW — Frequently Asked Questions
Quick answers to the most common questions about buying SBSW stock.
Is SBSW's revenue growth accelerating or slowing?
SBSW revenue growth is accelerating. TTM revenue reached $238.3B, up +25.4% year-over-year — ahead of the 5-year CAGR of -1.2%. This indicates the business is expanding faster than its historical baseline.
What is SBSW's revenue history from 2011 to 2026?
Sibanye Stillwater Limited (SBSW) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $238.3B, growing at +25.4% YoY. The 5-year CAGR is -1.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SBSW's long-term revenue growth rate (CAGR)?
Sibanye Stillwater Limited's 5-year revenue CAGR of -1.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +25.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SBSW.
Why does SBSW's quarterly revenue fluctuate?
SBSW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Sibanye Stillwater Limited's revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is SBSW's revenue distributed by segment?
SBSW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SBSW's revenue compare to industry peers?
Sibanye Stillwater Limited (SBSW) with TTM revenue of $238.3B and +25.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.