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Stocks / Foreign companies / SNN · Orthopedic, Prosthetic & Surgical Appliances & Supplies

Smith & Nephew plc (SNN)

Smith & Nephew plc files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 6,164 million, up 6.1% on the year before. Its profit was USD 625 million, up 51.7%, and diluted earnings per share USD 0.72.

Earnings per share are per ordinary share, in US dollars. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on SNN

Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 3.04 by open interest on 26 September 2026; the straddle prices a 12.9% move to 16 October 2026
Holders5 of the followed funds hold it; largest Millennium Management; 0 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest4.8 million shares short, 2.22 days to cover at 15 September 2026

Profit and loss, 11 fiscal years

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020*Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Revenue6,1645,8105,5495,2155,2124,5605,1384,9044,7654,6694,634
Cost of sales1,9721,7641,7301,5401,5431,3961,3381,2981,2481,2721,143
Gross profit4,1924,0463,8193,6753,6693,1643,8003,6063,5173,3973,491
Research and development296289339345356307292246223230222
Selling, general and administrative3,1023,1003,0552,8802,7202,5622,6932,4972,3602,3662,641
Operating profit794657425450593295815863934801628
Profit before tax7794982902355862467437818791,062559
Income tax15486.027.012.062.0-202143118112278149
Profit for the year625412263223524448600663767784410
Profit attributable to shareholders625412263223524448600663767784410

USD million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Dec 2020, Dec 2022, Dec 2023); the first-filed figure is in the CSV. Profit attributable to shareholders is the profit for the year; the company reports no minority interests. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020*Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Diluted EPS0.720.470.300.260.600.510.6075.700.880.880.46
Basic EPS0.720.470.300.260.600.510.6976.000.880.880.46

USD per ordinary share, as filed.

Cash flow

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020*Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Cash from operations1,2859876084688779351,1689311,0908491,030
Dividends paid330327327327329328318321269279272

USD million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020*Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Total assets10,45710,3549,9879,96610,92011,0129,2998,0597,8667,3447,167
Equity attributable to shareholders5,2895,2655,2175,2595,5685,2795,1414,8744,6443,9583,966
Cash and cash equivalents5576193023501,2851,75125733315538.0102
Borrowings, as filed3,1113,1252,8852,6763,1423,4861,8771,4651,4501,650n/a
Lease liabilities2161961991967.034.0170n/an/an/an/a
Trade and other receivables1,4131,3811,3001,2641,1841,1161,3281,3171,2581,1851,138
Inventories2,1172,3872,3952,2051,8441,6911,6141,3951,3041,2441,217
Goodwill3,1083,0262,9923,0312,9892,9282,7892,3372,3712,188n/a

USD million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020*Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Gross margin68.0%69.6%68.8%70.5%70.4%69.4%74.0%73.5%73.8%72.8%75.3%
Operating margin12.9%11.3%7.7%8.6%11.4%6.5%15.9%17.6%19.6%17.2%13.6%
Net margin10.1%7.1%4.7%4.3%10.1%9.8%11.7%13.5%16.1%16.8%8.8%
Return on year-end equity11.8%7.8%5.0%4.2%9.4%8.5%11.7%13.6%16.5%19.8%10.3%
Effective tax rate19.8%17.3%9.3%5.1%10.6%-82.1%19.2%15.1%12.7%26.2%26.7%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202516 March 2026EDGAR
20-F31 December 202410 March 2025EDGAR
20-F31 December 202311 March 2024EDGAR
20-F31 December 20226 March 2023EDGAR
20-F31 December 20217 March 2022EDGAR
20-F31 December 20201 March 2021EDGAR
20-F/A31 December 201925 September 2020EDGAR
20-F31 December 20192 March 2020EDGAR
20-F31 December 20184 March 2019EDGAR
20-F31 December 20175 March 2018EDGAR
20-F31 December 20166 March 2017EDGAR
20-F31 December 20154 March 2016EDGAR

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