Smith & Nephew Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 28, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,944	5,810	5,549	5,215	5,212	4,560
Revenue Growth (YoY)	5.35%	4.70%	6.40%	0.06%	14.30%	-11.25%
Cost of Revenue	1,748	1,731	1,654	1,515	1,514	1,381
Gross Profit	4,196	4,079	3,895	3,700	3,698	3,179
Selling, General & Admin	2,914	2,904	2,834	2,707	2,637	2,439
Research & Development	295	289	320	335	349	307
Operating Expenses	3,209	3,193	3,154	3,042	2,986	2,746
Operating Income	987	886	741	658	712	433
Interest Expense	-144	-145	-132	-80	-80	-62
Interest & Investment Income	30	24	34	14	6	6
Earnings From Equity Investments	-9	-10	-30	-141	9	14
Other Non Operating Income (Expenses)	-24	-24	-6	-6	-6	-3
EBT Excluding Unusual Items	840	731	607	445	641	388
Merger & Restructuring Charges	-123	-123	-220	-167	-113	-124
Gain (Loss) on Sale of Investments	-	-	-	-	75	-
Asset Writedown	-16	-16	-37	-39	-2	-12
Legal Settlements	-	-	-	-	-8	-2
Other Unusual Items	-94	-94	-60	-4	-7	-4
Pretax Income	607	498	290	235	586	246
Income Tax Expense	116	86	27	12	62	-202
Net Income	491	412	263	223	524	448
Net Income to Common	491	412	263	223	524	448
Net Income Growth	60.98%	56.65%	17.94%	-57.44%	16.96%	-25.33%
Shares Outstanding (Basic)	874	873	871	872	877	875
Shares Outstanding (Diluted)	879	876	873	873	878	877
Shares Change (YoY)	0.69%	0.34%	-	-0.57%	0.11%	-
EPS (Basic)	0.56	0.47	0.30	0.26	0.60	0.51
EPS (Diluted)	0.56	0.47	0.30	0.26	0.60	0.51
EPS Growth	59.91%	56.15%	18.04%	-57.29%	16.60%	-25.15%
Free Cash Flow	797	606	181	110	469	492
Free Cash Flow Per Share	0.91	0.69	0.21	0.13	0.53	0.56
Dividend Per Share	0.381	0.375	0.375	0.375	0.375	0.375
Dividend Growth	1.60%	-	-	-	-	-
Gross Margin	70.59%	70.21%	70.19%	70.95%	70.95%	69.72%
Operating Margin	16.61%	15.25%	13.35%	12.62%	13.66%	9.50%
Profit Margin	8.26%	7.09%	4.74%	4.28%	10.05%	9.83%
Free Cash Flow Margin	13.41%	10.43%	3.26%	2.11%	9.00%	10.79%
EBITDA	1,436	1,335	1,176	1,150	1,219	927
EBITDA Margin	24.16%	22.98%	21.19%	22.05%	23.39%	20.33%
D&A For EBITDA	449	449	435	492	507	494
EBIT	987	886	741	658	712	433
EBIT Margin	16.61%	15.25%	13.35%	12.62%	13.66%	9.50%
Effective Tax Rate	19.11%	17.27%	9.31%	5.11%	10.58%	-
Advertising Expenses	-	84	88	92	81	66

Source: S&P Global Market Intelligence. Standard template. Financial Sources.