Smith & Nephew revenue and financials
1,011.50 GBpChange from previous close: +0.70%Absolute change: +7.00 GBp
In the fiscal year ended December 2025, Smith & Nephew reported revenue of $6.16B (+6.09% year over year). Net income was $625M, a net margin of 10.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.09%
- 2025 vs 2024
- Net income growth
- +51.70%
- 2025 vs 2024
- Net margin
- 10.1%
- 2024: 7.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 10,457 | 10,354 | 9,987 | 9,966 | — |
| Current assets | 4,103 | 4,421 | 4,030 | 3,856 | — |
| Cash and equivalents | 557 | 619 | 302 | 350 | — |
| Inventory | 2,117 | 2,387 | 2,395 | 2,205 | — |
| Net property, plant and equipment | 1,638 | 1,422 | 1,470 | 1,455 | — |
| Goodwill | 3,108 | 3,026 | 2,992 | 3,031 | — |
| Other intangible assets | 882 | 1,032 | 1,110 | 1,236 | — |
| Long-term investments | 121 | 7.0 | 16.0 | 46.0 | — |
| Current liabilities | 1,595 | 1,531 | 2,271 | 1,715 | — |
| Accounts payable | 1,160 | 1,082 | 1,016 | 1,029 | — |
| Long-term debt | 3,028 | 3,123 | 2,175 | 2,565 | — |
| Total debt | 3,327 | 3,321 | 3,084 | 2,872 | — |
| Total liabilities | 5,168 | 5,089 | 4,770 | 4,707 | — |
| Total equity (incl. minority) | 5,289 | 5,265 | 5,217 | 5,259 | — |
| Retained earnings | 5,323 | 5,018 | 4,906 | 5,026 | — |