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 |
|---|---|---|---|---|---|
| Total revenue | 6,164 | 5,810 | 5,549 | 5,215 | — |
| Cost of revenue | 1,972 | 1,764 | 1,730 | 1,540 | — |
| Gross profit | 4,192 | 4,046 | 3,819 | 3,675 | — |
| Selling, general and administrative | 2,790 | 2,652 | 2,602 | 2,435 | — |
| Research and development | 296 | 289 | 339 | 345 | — |
| Operating income | 857 | 860 | 620 | 634 | — |
| EBIT | 958 | 666 | 429 | 326 | — |
| EBITDA | 1,532 | 1,221 | 956 | 874 | — |
| Interest expense | 179 | 168 | 139 | 91.0 | — |
| Pre-tax income | 779 | 498 | 290 | 235 | — |
| Income tax | 154 | 86.0 | 27.0 | 12.0 | — |
| Net income | 625 | 412 | 263 | 223 | — |
| Net income to common shareholders | 625 | 412 | 263 | 223 | — |
| Basic EPS | 0.72 | 0.47 | 0.30 | 0.25 | — |
| Diluted EPS | 0.72 | 0.47 | 0.30 | 0.25 | — |
| Average shares (basic) | 867 | 873 | 871 | 892 | — |
| Average shares (diluted) | 873 | 877 | 874 | 892 | — |