Smith & Nephew revenue and financials
1,020.50 GBpChange from previous close: +0.89%Absolute change: +9.00 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 |
|---|---|---|---|---|---|
| Operating cash flow | 1,285 | 987 | 608 | 468 | — |
| Depreciation and amortization | 574 | 555 | 527 | 548 | — |
| Capital expenditure | -433 | -381 | -427 | -358 | — |
| Investing cash flow | -406 | -569 | -448 | -472 | — |
| Financing cash flow | -955 | -86.0 | -200 | -926 | — |
| Dividends paid | -330 | -327 | -327 | -327 | — |
| Share repurchases | -502 | 0.0 | 0.0 | -158 | — |
| Debt issued | 43.0 | 1,000 | 326 | 485 | — |
| Debt repaid | -129 | -705 | -151 | -881 | — |
| Effect of exchange rates | 12.0 | -15.0 | -4.0 | -11.0 | — |
| Net change in cash | -76.0 | 332 | -40.0 | -930 | — |
| Free cash flow | 852 | 606 | 181 | 110 | — |