Smith & Nephew plc (SNN) Financial Statements

Executive TeamFinancials

Smith & Nephew financial statements at a glance

Smith & Nephew reported revenue of $6.16 billion for fiscal year 2025 (ended December 31, 2025), up 6.1% from fiscal year 2024. Net income was $625.00 million, a net margin of 10.1%, and diluted earnings per share were $0.72.

At the end of fiscal year 2025 it had total assets of $10.46 billion, total liabilities of $5.17 billion and shareholders' equity of $5.29 billion, with cash and short-term investments of $557.00 million and total debt of $3.33 billion.

Its operations brought in $1.29 billion of cash; capital spending was $433.00 million, leaving free cash flow of $852.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

SNN logo

Smith & Nephew plc

SNNUnited Kingdom
Healthcare
USD (Local)

Income Statement

Annual • USD

Total Revenue
6.16B
Prev Year: 5.81B
YoY: +6.1%
Operating Revenue
6.16B
Prev Year: 5.81B
YoY: +6.1%
Total Unusual Items Excluding Goodwill
-63.00M
Prev Year: -203.00M
YoY: +69.0%
Total Unusual Items
-63.00M
Prev Year: -203.00M
YoY: +69.0%
Normalized EBITDA
1.59B
Prev Year: 1.42B
YoY: +12.0%
Tax Rate for Calcs
0.198
Prev Year: 0
Tax Effect of Unusual Items
-12.45M
Prev Year: -35.06M
YoY: +64.5%
Interest Income
28.00M
Prev Year: 24.00M
YoY: +16.7%
Total Other Finance Cost
-23.00M
Prev Year: 5.00M
YoY: -560.0%
Non-operating Interest Income
28.00M
Prev Year: 24.00M
YoY: +16.7%
Selling and Marketing Expense
2.36B
Prev Year: 2.28B
YoY: +3.8%
General and Administrative Expense
428.00M
Prev Year: 376.00M
YoY: +13.8%
Cost of Revenue
1.97B
Prev Year: 1.76B
YoY: +11.8%
Gross Profit
4.19B
Prev Year: 4.05B
YoY: +3.6%
Operating Expense
3.33B
Prev Year: 3.19B
YoY: +4.7%
Selling General and Administrative
2.79B
Prev Year: 2.65B
YoY: +5.2%
Research and Development
296.00M
Prev Year: 289.00M
YoY: +2.4%
Depreciation and amortization
249.00M
Amortization
249.00M
Operating Income
857.00M
Prev Year: 860.00M
YoY: -0.3%
Net Non Operating Interest Income Expense
-128.00M
Prev Year: -149.00M
YoY: +14.1%
Non-operating Interest Expense
179.00M
Prev Year: 168.00M
YoY: +6.5%
Special Income Charges
-63.00M
Restructuring and Mergers Acquisition
62.00M
Other Special Charges
1.00M
Pre-tax Income
779.00M
Prev Year: 498.00M
YoY: +56.4%
Provision for Income Taxes
154.00M
Prev Year: 86.00M
YoY: +79.1%
Net Income Common Stockholders
625.00M
Prev Year: 412.00M
YoY: +51.7%
Net Income
625.00M
Prev Year: 412.00M
YoY: +51.7%
Net Income Including Non-Controlling Interests
625.00M
Prev Year: 412.00M
YoY: +51.7%
Net Income from Continuing Operations
625.00M
Prev Year: 412.00M
YoY: +51.7%
Diluted NI Available to Com Stockholders
625.00M
Prev Year: 412.00M
YoY: +51.7%
Basic EPS
0.721
Prev Year: 0.47
YoY: +53.4%
Diluted EPS
0.716
Prev Year: 0.47
YoY: +52.3%
Weighted Average Shares (basic)
867.00M
Prev Year: 873.00M
YoY: -0.7%
Weighted Average Shares (diluted)
873.00M
Prev Year: 876.00M
YoY: -0.3%
Total Operating Income as Reported
794.00M
Prev Year: 657.00M
YoY: +20.9%
Rent Expense (supplemental)
-
Total Expenses
5.31B
Prev Year: 4.95B
YoY: +7.2%
Net Income from Continuing and Discontinued Operation
625.00M
Prev Year: 412.00M
YoY: +51.7%
Normalized Income
675.55M
Prev Year: 579.94M
YoY: +16.5%
Interest Expense
179.00M
Prev Year: 168.00M
YoY: +6.5%
Net Interest Income
-128.00M
Prev Year: -149.00M
YoY: +14.1%
EBIT
958.00M
Prev Year: 666.00M
YoY: +43.8%
EBITDA
1.53B
Prev Year: 1.22B
YoY: +25.5%
Reconciled Cost of Revenue
1.97B
Prev Year: 1.76B
YoY: +11.8%
Reconciled Depreciation
574.00M
Prev Year: 555.00M
YoY: +3.4%
Net Income from Continuing Operation Net Minority Interest
625.00M
Prev Year: 412.00M
YoY: +51.7%
Values in USD

Smith & Nephew key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$6.2B$5.8B$5.5B$5.2B$5.2B
Gross profit$4.2B$4.0B$3.8B$3.7B$3.7B
Operating income$857.0M$860.0M$620.0M$634.0M$682.0M
Net income$625.0M$412.0M$263.0M$223.0M$524.0M
Diluted EPS$0.72$0.47$0.30$0.26$0.60
Total assets$10.5B$10.4B$10.0B$10.0B$10.9B
Total liabilities$5.2B$5.1B$4.8B$4.7B$5.4B
Shareholders' equity$5.3B$5.3B$5.2B$5.3B$5.6B
Cash and short-term investments$557.0M$619.0M$302.0M$350.0M$1.3B
Total debt$3.3B$3.3B$3.1B$2.9B$3.3B
Operating cash flow$1.3B$987.0M$608.0M$468.0M$877.0M
Capital spending$433.0M$381.0M$427.0M$358.0M$408.0M
Free cash flow$852.0M$606.0M$181.0M$110.0M$469.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Smith & Nephew's revenue in fiscal year 2025?

$6.16 billion, up 6.1% from $5.81 billion in fiscal year 2024.

How much profit does Smith & Nephew make?

Smith & Nephew reported net income of $625.00 million for fiscal year 2025 (10.1% of revenue); operating income was $857.00 million.

How much cash and debt does Smith & Nephew have?

At the end of fiscal year 2025: cash and short-term investments of $557.00 million and total debt of $3.33 billion.

What is Smith & Nephew's free cash flow?

$852.00 million in fiscal year 2025 (operating cash flow of $1.29 billion minus capital spending of $433.00 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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