Smith & Nephew plc (SNN) quarterly income statement — complete revenue, gross profit & net income history
Smith & Nephew plc (SNN) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 |
|---|
| Sales/Revenue | 3.1B | 3.2B | 2.96B | 2.98B | 2.83B | 2.81B | 2.73B | 2.62B | 2.6B | 2.61B | 2.6B | 2.52B | 2.04B | 2.65B | 2.48B | 2.46B | 2.44B | 2.43B | 2.34B | 2.34B |
| Revenue Growth % | 4.59% | 7.38% | 4.74% | 5.97% | 3.4% | 7.65% | 5.15% | 0.08% | 0.04% | 3.49% | 27.71% | -4.82% | -18.11% | 7.67% | 1.84% | 1.44% | 4.45% | 3.76% | 0.34% | -0.89% |
| Cost of Goods Sold | 901M | 1.09B | 870M | 878M | 853M | 818M | 836M | 747M | 773M | 708M | 806M | 735M | 646M | 683M | 648M | 645M | 653M | 645M | 603M | 640M |
| COGS % of Revenue | 29.09% | 33.94% | 29.38% | 29.43% | 30.17% | 29.06% | 30.58% | 28.57% | 29.73% | 27.1% | 31.01% | 29.11% | 31.74% | 25.74% | 26.08% | 26.18% | 26.76% | 26.55% | 25.81% | 27.34% |
| Gross Profit | 2.2B | 2.12B | 2.09B | 2.1B | 1.97B | 2B | 1.9B | 1.87B | 1.83B | 1.91B | 1.79B | 1.79B | 1.39B | 1.97B | 1.84B | 1.82B | 1.79B | 1.78B | 1.73B | 1.7B |
| Gross Margin % | 70.91% | 66.06% | 70.62% | 70.57% | 69.83% | 70.94% | 69.42% | 71.43% | 70.27% | 72.9% | 68.99% | 70.89% | 68.26% | 74.26% | 73.92% | 73.82% | 73.24% | 73.45% | 74.19% | 72.66% |
| Gross Profit Growth % | 5.02% | 0.52% | 5.93% | 5.41% | 4% | 6.91% | 3.89% | -1.94% | 1.9% | 6.42% | 29.09% | -9.14% | -24.39% | 8.3% | 2.8% | 1.96% | 3.12% | 4.88% | 2.18% | -4.71% |
| Operating Expenses | 1.75B | 1.75B | 1.66B | 1.78B | 1.65B | 1.85B | 1.62B | 1.66B | 1.58B | 1.55B | 1.55B | 1.48B | 1.4B | 1.58B | 1.43B | 1.35B | 1.42B | 1.26B | 1.32B | 944M |
| OpEx % of Revenue | 56.44% | 54.67% | 56.13% | 59.54% | 58.22% | 65.61% | 59.36% | 63.48% | 60.96% | 59.36% | 59.79% | 58.42% | 68.89% | 59.56% | 57.5% | 54.91% | 58.24% | 51.96% | 56.72% | 40.32% |
| Selling, General & Admin | 1.6B | 1.52B | 1.52B | 1.4B | 1.51B | 1.38B | 1.46B | 1.3B | 1.41B | 1.25B | 1.38B | 1.19B | 1.25B | 1.25B | 1.28B | 1.08B | 1.3B | 1.2B | 1.21B | 1.07B |
| SG&A % of Revenue | 51.6% | 47.36% | 51.3% | 46.77% | 53.38% | 48.92% | 53.29% | 49.56% | 54.27% | 47.99% | 53.21% | 47.25% | 61.23% | 47.3% | 51.47% | 44.03% | 53.24% | 49.28% | 51.88% | 45.71% |
| Research & Development | 150M | 203M | 143M | 206M | 137M | 219M | 166M | 222M | 174M | 226M | 171M | 195M | 148M | 181M | 139M | 154M | 116M | 122M | 107M | 132M |
| R&D % of Revenue | 4.84% | 6.34% | 4.83% | 6.91% | 4.85% | 7.78% | 6.07% | 8.49% | 6.69% | 8.65% | 6.58% | 7.72% | 7.27% | 6.82% | 5.59% | 6.25% | 4.75% | 5.02% | 4.58% | 5.64% |
| Other Operating Expenses | 0 | 1000K | 0 | 1000K | 0 | 1000K | 0 | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 448M | 365M | 429M | 329M | 328M | 150M | 275M | 208M | 242M | 354M | 239M | 438M | -5M | 562M | 419M | 604M | 372M | 471M | 414M | 514M |
| Operating Margin % | 14.47% | 11.4% | 14.49% | 11.03% | 11.6% | 5.33% | 10.06% | 7.95% | 9.31% | 13.55% | 9.2% | 17.35% | -0.25% | 21.18% | 16.86% | 24.51% | 15.25% | 19.39% | 17.72% | 21.96% |
| Operating Income Growth % | 4.43% | 10.94% | 30.79% | 119.33% | 19.27% | -27.88% | 13.64% | -41.24% | 1.26% | -19.18% | 4880% | -22.06% | -101.19% | -6.95% | 12.63% | 28.24% | -10.14% | -8.37% | 4.02% | 10.54% |
| EBITDA | 748M | 663.88M | 702M | 701.21M | 601M | 536.48M | 561M | 515.76M | 551M | 626.58M | 533M | 617M | 266M | 717M | 667M | 760M | 600M | 649M | 633M | 680M |
| EBITDA Margin % | 24.15% | 20.73% | 23.71% | 23.51% | 21.26% | 19.06% | 20.52% | 19.72% | 21.19% | 23.98% | 20.51% | 24.44% | 13.07% | 27.03% | 26.84% | 30.84% | 24.59% | 26.72% | 27.1% | 29.05% |
| EBITDA Growth % | 6.55% | -5.32% | 16.81% | 30.71% | 7.13% | 4.02% | 1.81% | -17.69% | 3.38% | 1.55% | 100.38% | -13.95% | -60.12% | -5.66% | 11.17% | 17.1% | -5.21% | -4.56% | 3.43% | 4.62% |
| D&A (Non-Cash Add-back) | 300M | 298.88M | 273M | 372.21M | 273M | 386.48M | 286M | 307.76M | 309M | 272.58M | 294M | 179M | 271M | 155M | 248M | 156M | 228M | 178M | 219M | 166M |
| EBIT | 448M | 448M | 429M | 558M | 328M | 466M | 275M | 411M | 242M | 473M | 239M | 438M | -5M | 562M | 419M | 604M | 372M | 471M | 414M | 514M |
| Net Interest Income | -55M | -61.77M | -66.6M | -76.04M | -73.02M | -61.08M | -44.28M | -36.97M | -37.12M | -42.93M | -47.88M | 35M | 21M | 30M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 12.95M | 15.14M | 15.01M | 9M | 16.02M | 18.11M | 10.99M | 3.01M | 3M | 2.99M | 35M | 21M | 30M | 25M | 26M | 25M | 26M | 25M | 22M |
| Interest Expense | 55M | 74.72M | 81.73M | 91.05M | 82.03M | 77.1M | 62.39M | 47.96M | 40.13M | 45.93M | 50.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -68M | 52M | -67M | -84M | -75M | -71M | -64M | -177M | -38M | 9M | -16M | -20M | -29M | -36M | -36M | -51M | -31M | -24M | -31M | 221M |
| Pretax Income | 380M | 417M | 362M | 245M | 253M | 79M | 211M | 31M | 204M | 363M | 223M | 280M | -34M | 360M | 383M | 440M | 341M | 496M | 383M | 735M |
| Pretax Margin % | 12.27% | 13.02% | 12.23% | 8.21% | 8.95% | 2.81% | 7.72% | 1.19% | 7.85% | 13.89% | 8.58% | 11.09% | -1.67% | 13.57% | 15.41% | 17.86% | 13.98% | 20.42% | 16.4% | 31.4% |
| Income Tax | 77M | 85M | 69M | 47M | 39M | -12M | 39M | -15M | 27M | 44M | 18M | -68M | -134M | 69M | 74M | 51M | 67M | 53M | 59M | 192M |
| Effective Tax Rate % | 20.26% | 20.38% | 19.06% | 19.18% | 15.42% | -15.19% | 18.48% | -48.39% | 13.24% | 12.12% | 8.07% | -24.29% | 394.12% | 19.17% | 19.32% | 11.59% | 19.65% | 10.69% | 15.4% | 26.12% |
| Net Income | 303M | 332M | 293M | 198M | 214M | 91M | 172M | 46M | 177M | 319M | 205M | 348M | 100M | 291M | 309M | 389M | 274M | 443M | 324M | 543M |
| Net Margin % | 9.78% | 10.37% | 9.9% | 6.64% | 7.57% | 3.23% | 6.29% | 1.76% | 6.81% | 12.21% | 7.89% | 13.78% | 4.91% | 10.97% | 12.43% | 15.79% | 11.23% | 18.24% | 13.87% | 23.2% |
| Net Income Growth % | 3.41% | 67.68% | 36.92% | 117.58% | 24.42% | 97.83% | -2.82% | -85.58% | -13.66% | -8.33% | 105% | 19.59% | -67.64% | -25.19% | 12.77% | -12.19% | -15.43% | -18.42% | 34.44% | 372.17% |
| Net Income (Continuing) | 303M | 332M | 293M | 198M | 214M | 91M | 172M | 46M | 177M | 319M | 205M | 348M | 100M | 291M | 309M | 389M | 274M | 443M | 324M | 543M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.70 | 0.76 | 0.68 | 0.46 | 0.50 | 0.21 | 0.39 | 0.11 | 0.40 | 0.72 | 0.48 | 0.80 | 0.23 | 0.68 | 0.72 | 0.88 | 0.64 | 1.00 | 0.76 | 1.24 |
| EPS Growth % | 2.94% | 65.22% | 36% | 119.05% | 28.21% | 90.91% | -2.5% | -84.72% | -16.67% | -10% | 108.7% | 17.65% | -68.06% | -22.73% | 12.5% | -12% | -15.79% | -19.35% | 46.15% | 376.92% |
| EPS (Basic) | 0.72 | 0.78 | 0.68 | 0.46 | 0.50 | 0.21 | 0.39 | 0.11 | 0.40 | 0.72 | 0.48 | 0.80 | 0.23 | 0.68 | 0.72 | 0.88 | 0.64 | 1.00 | 0.76 | 1.24 |
| Diluted Shares Outstanding | 430.4M | 436.47M | 439.94M | 439.86M | 436.73M | 872.9M | 873.1M | 869.76M | 876.24M | 877.93M | 879.83M | 880.43M | 877.19M | 876.16M | 877.84M | 873.79M | 878.21M | 874.32M | 875.68M | 890.09M |
| Basic Shares Outstanding | 430.4M | 433.42M | 436.75M | 436.75M | 436.73M | 872.9M | 873.1M | 869.76M | 876.24M | 877.93M | 879.83M | 880.44M | 877.19M | 876.56M | 877.84M | 873.5M | 878.21M | 873.59M | 875.68M | 890M |
| Dividend Payout Ratio | 67.66% | 38.55% | 68.94% | 63.13% | 94.39% | 138.46% | 116.86% | 271.74% | 114.12% | 39.5% | 99.02% | 36.21% | 202% | 43.3% | 62.14% | 31.62% | 72.26% | 24.15% | 50% | 20.07% |