Simpson Manufacturing Co., Inc.
SSD · Cutlery, Handtools & General Hardware · 41.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $26M (gross $50M, SBC $24M)
Reference price $168.16 · est. market cap ~$6.9B — last insider sale, 2025-12-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82High-quality, brand-led building-products franchise with top-decile margins and returns, tempered by housing cyclicality and tariff-driven gross-margin pressure.
Strengths
- Top-decile profitability: net margin 14.8% (87.5th pct), operating margin 19.6% (86th), ROE 17% (87.5th), ROA 11.2% (75th)
- Strong cash generation (OCF margin 19.7%, FCF $298M) and a nearly debt-free balance sheet (D/E 0.15); Strong-Tie brand carries code-listing/specification switching costs
Risks
- Tariffs cut North America gross margin in FY2025 — a specific margin deterioration
- Demand tied to U.S. housing starts and a few large, consolidating customers
Notable findings
- No interest coverageInterest coverage -50.84 (cannot cover interest)
- Customer concentration~20% of revenue from one customer/distributor — • Maintain an operating income margin at or above 20%; and • Deliver earnings per share growth ahead of net revenue growth
- Strong balance sheetStrong balance sheet — $384M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
45.9%
Operating margin
19.6%
Net margin
14.8%
Return on equity
17.0%
Return on assets
11.2%
ROIC
15.5%
Revenue growth (QoQ)
9.0%
Net-income growth
7.1%
Debt / equity
0.1×
Net debt / EBITDA
-0.2×
Interest coverage
-50.8×
Current ratio
3.5×
Free cash flow
$298M
EBITDA
$548M
Tangible book value
$1.1B
Cash & investments
$384M
Stock comp / revenue
1.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | Donaldson Philip E | Grant | 929 | — |
| 2026-05-06 | Coney Felica | Grant | 678 | — |
| 2026-05-06 | Banks Chau | Grant | 678 | — |
| 2026-05-06 | ANDRASICK JAMES S | Grant | 678 | — |
| 2026-05-06 | Knight Kenneth D. | Grant | 678 | — |
| 2026-05-06 | FORD CELESTE VOLZ | Grant | 678 | — |
| 2026-05-06 | Drake Angela C | Grant | 678 | — |
| 2026-02-17 | Burton Phillip | Grant | 3.2K | — |
| 2026-02-17 | Burton Phillip | Tax withheld | 344 | $209.01 |
| 2026-02-17 | Andersen Michael | Grant | 3.6K | — |
| 2026-02-17 | Olosky Michael | Tax withheld | 1.6K | $209.01 |
| 2026-02-17 | Olosky Michael | Grant | 17K | — |
| 2026-02-17 | Payton Cassandra | Grant | 963 | — |
| 2026-02-17 | Payton Cassandra | Tax withheld | 749 | $209.01 |
| 2026-02-17 | Mehta Udit | Tax withheld | 386 | $209.01 |
| 2026-02-17 | Gilstrap Jeremy | Grant | 2.4K | — |
| 2026-02-17 | Gilstrap Jeremy | Tax withheld | 418 | $209.01 |
| 2026-02-17 | Dunn Matt | Tax withheld | 185 | $209.01 |
| 2026-01-27 | Olosky Michael | Grant | 9.5K | — |
| 2026-01-27 | Payton Cassandra | Grant | 1.4K | — |
| 2026-01-27 | Mehta Udit | Grant | 970 | — |
| 2026-01-27 | Gilstrap Jeremy | Grant | 1.1K | — |
| 2026-01-27 | Dunn Matt | Grant | 2.7K | — |
| 2026-01-27 | Burton Phillip | Grant | 1.5K | — |
| 2026-01-27 | Bullock Nozomi | Grant | 773 | — |
| 2026-01-27 | Andersen Michael | Grant | 983 | — |
| 2025-12-12 | Donaldson Philip E | Sell | 2.4K | $168.16 |
| 2025-11-11 | ANDRASICK JAMES S | Sell | 600 | $170.00 |
| 2025-08-25 | Andersen Michael | Sell | 1.0K | $196.13 |
| 2025-08-01 | Gilstrap Jeremy | Sell | 2.5K | $178.27 |
| 2025-05-14 | ANDRASICK JAMES S | Sell | 866 | $165.38 |
| 2025-05-06 | FORD CELESTE VOLZ | Grant | 783 | — |
| 2025-05-06 | Drake Angela C | Grant | 783 | — |
| 2025-05-06 | Donaldson Philip E | Grant | 1.1K | — |
| 2025-05-06 | Coney Felica | Grant | 783 | — |
| 2025-05-06 | Knight Kenneth D. | Grant | 783 | — |
| 2025-05-06 | ANDRASICK JAMES S | Grant | 783 | — |
| 2025-05-06 | Banks Chau | Grant | 783 | — |
| 2025-05-01 | Lutz Jennifer | Sell | 330 | $154.45 |
| 2025-02-25 | Andersen Michael | Sell | 1.0K | $169.98 |
| 2025-02-18 | Andersen Michael | Grant | 463 | — |
| 2025-02-18 | Olosky Michael | Tax withheld | 839 | $174.28 |
| 2025-02-18 | Olosky Michael | Grant | 3.3K | — |
| 2025-02-18 | Payton Cassandra | Tax withheld | 255 | $174.28 |
| 2025-02-18 | Mehta Udit | Tax withheld | 320 | $174.28 |
| 2025-02-18 | Lutz Jennifer | Grant | 463 | — |
| 2025-02-18 | Lutz Jennifer | Tax withheld | 39 | $174.28 |
| 2025-02-18 | Gilstrap Jeremy | Grant | 463 | — |
| 2025-02-18 | Gilstrap Jeremy | Tax withheld | 191 | $174.28 |
| 2025-02-18 | Dunn Matt | Tax withheld | 57 | $174.28 |
| 2025-02-18 | Burton Phillip | Grant | 463 | — |
| 2025-02-18 | Burton Phillip | Tax withheld | 274 | $174.28 |
| 2025-01-31 | Olosky Michael | Grant | 7.9K | — |
| 2025-01-31 | Payton Cassandra | Grant | 1.2K | — |
| 2025-01-31 | Mehta Udit | Grant | 805 | — |
| 2025-01-31 | Lutz Jennifer | Grant | 620 | — |
| 2025-01-31 | Gilstrap Jeremy | Grant | 890 | — |
| 2025-01-31 | Dunn Matt | Grant | 1.7K | — |
| 2025-01-31 | Burton Phillip | Grant | 1.3K | — |
| 2025-01-31 | Andersen Michael | Grant | 909 | — |
| 2025-01-01 | Drake Angela C | Grant | 230 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Shareholder voteExhibits | filing ↗ |
| 2026-04-27 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-09 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-22 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-10-27 | ResultsReg FD | filing ↗ |
| 2025-07-28 | ResultsReg FDExhibits | filing ↗ |
| 2025-05-12 | Shareholder voteExhibits | filing ↗ |
| 2025-04-28 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-06 | 0001628280-26-035954 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032199 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001628280-26-027513 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001628280-26-012920 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001628280-26-006438 ↗ |
| 8-K | 2025-12-22 | 2025-12-16 | 0001628280-25-058560 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628280-25-050724 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001628280-25-046437 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0000920371-25-000113 ↗ |
| 8-K | 2025-07-28 | 2025-07-28 | 0000920371-25-000107 ↗ |
| 8-K | 2025-05-12 | 2025-05-06 | 0000920371-25-000097 ↗ |
| 10-Q | 2025-05-09 | 2025-03-31 | 0000920371-25-000091 ↗ |