SMITH & NEPHEW PLC
SNN, SNNUF · Orthopedic, Prosthetic & Surgical Appliances & Supplies · EDGAR filings ↗
Grade
B79High-margin orthopaedics/med-tech franchise with broad-based, above-average returns and strong cash conversion.
Strengths
- 68% gross margin (80.8th pct), net margin and ROA in the 80th+ pct, OCF margin 88.5th pct
- Net income +51.7% (84.4th pct); ROE 11.8% (83.9th pct) with a clean, moderately-levered balance sheet
Risks
- Absolute ROE/ROIC (ROIC 69th pct) are good not elite; revenue growth only median (50th pct)
- Concentrated manufacturing footprint and tariff/supply-chain exposure could pressure margins
Notable findings
- Strong balance sheetStrong balance sheet — $557M cash & investments
- China exposureThe pace of changing international relations may continue to increase the potential for further significant changes in trade policy, sanctions and countersanctions, tariffs, and import and export cont
Key metrics
Gross margin
68.0%
Operating margin
12.9%
Net margin
10.1%
Return on equity
11.8%
Return on assets
6.0%
ROIC
7.5%
Revenue growth (QoQ)
6.1%
Net-income growth
51.7%
Debt / equity
0.6×
Interest coverage
5.7×
Current ratio
2.6×
Tangible book value
$2.2B
Cash & investments
$557M
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-16 | 2025-12-31 | 0001104659-26-028258 ↗ |
| 20-F | 2025-03-10 | 2024-12-31 | 0001558370-25-002550 ↗ |
| 20-F | 2024-03-11 | 2023-12-31 | 0001558370-24-002867 ↗ |
| 20-F | 2023-03-06 | 2022-12-31 | 0001558370-23-002847 ↗ |
| 20-F | 2022-03-07 | 2021-12-31 | 0001558370-22-002935 ↗ |
| 20-F | 2021-03-01 | 2020-12-31 | 0001558370-21-002094 ↗ |
| 20-F | 2020-03-02 | 2019-12-31 | 0001558370-20-001838 ↗ |
| 20-F | 2019-03-04 | 2018-12-31 | 0001558370-19-001461 ↗ |
| 20-F | 2018-03-05 | 2017-12-31 | 0001558370-18-001490 ↗ |
| 20-F | 2017-03-06 | 2016-12-31 | 0001193125-17-070682 ↗ |
| 20-F | 2016-03-04 | 2015-12-31 | 0001193125-16-492258 ↗ |