S 
Smiths Group SMIN.L · GBp
Industrials · Industrial Conglomerates · LSE · 🇬🇧 United Kingdom
FTSE 100
2,573.00p
-1.61%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£1.94bn
FY2017FY2026
Net income
£1.97bn
FY2017FY2026
Free cash flow
£177.0m
FY2017FY2026
Shareholders' equity
£2.58bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.94bn | £2.92bn | £3.13bn | £3.04bn | £2.57bn | £2.41bn | £2.55bn | £2.50bn | £3.21bn | £3.28bn |
| Research and development | £64.0m | £96.0m | £73.0m | £73.0m | £80.0m | £76.0m | £83.0m | £84.0m | £75.0m | £98.0m |
| Operating income | £303.0m | £410.0m | £415.0m | £403.0m | £192.0m | £326.0m | £241.0m | £443.0m | £494.0m | £674.0m |
| Net income | £1.97bn | £292.0m | £250.0m | £231.0m | £13.0m | £157.0m | £67.0m | £142.0m | £277.0m | £570.0m |
| Diluted earnings per share | 6.27 | 0.87 | 0.72 | 0.66 | 0.04 | 0.40 | 0.17 | 0.35 | 0.69 | 1.46 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £4.84bn | £4.01bn | £4.23bn | £4.36bn | £5.22bn | £5.34bn | £5.41bn | £5.32bn | £5.17bn | £5.16bn |
| Cash and short-term investments | £2.96bn | £195.0m | £459.0m | £285.0m | £1.06bn | £405.0m | £366.0m | £289.0m | £717.0m | £782.0m |
| Total liabilities | £2.23bn | £1.95bn | £1.98bn | £1.95bn | £2.50bn | £2.91bn | £3.02bn | £2.94bn | £2.88bn | £3.05bn |
| Debt | £1.20bn | £667.0m | £659.0m | £654.0m | £1.17bn | £1.50bn | £1.56bn | £1.51bn | £1.61bn | £1.75bn |
| Shareholders' equity | £2.58bn | £2.04bn | £2.23bn | £2.38bn | £2.70bn | £2.40bn | £2.37bn | £2.36bn | £2.27bn | £2.09bn |
| Shares outstanding | 314m | 336m | 348m | 350m | 362m | 396m | 396m | 401m | 401m | 391m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £241.0m | £456.0m | £418.0m | £293.0m | £279.0m | £535.0m | £429.0m | £346.0m | £405.0m | £479.0m |
| Capital spending | −£64.0m | −£72.0m | −£86.0m | −£81.0m | −£88.0m | −£117.0m | −£110.0m | −£118.0m | −£106.0m | −£107.0m |
| Free cash flow | £177.0m | £384.0m | £332.0m | £212.0m | £191.0m | £418.0m | £319.0m | £228.0m | £299.0m | £372.0m |
| Dividends paid | −£149.0m | −£152.0m | −£147.0m | −£143.0m | −£150.0m | −£185.0m | −£126.0m | −£178.0m | −£172.0m | −£167.0m |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.02bn | £915.0m | £1.31bn | £1.61bn | £1.63bn | £1.51bn | £1.54bn | £1.50bn |
| Operating income | £137.0m | £164.0m | £173.0m | £237.0m | £223.0m | £192.0m | £226.0m | £212.0m |
| Net income | £1.84bn | £130.0m | £123.0m | £167.0m | £139.0m | £111.0m | £122.0m | £103.0m |
| Diluted earnings per share | 5.86 | 0.41 | 0.37 | 0.50 | 0.40 | 0.32 | 0.35 | 0.29 |
| Cash from operations | £118.0m | £123.0m | £251.0m | £205.0m | £250.0m | £168.0m | £193.0m | £100.0m |
| Capital spending | −£35.0m | −£29.0m | −£39.0m | −£41.0m | −£48.0m | −£38.0m | −£45.0m | −£36.0m |
| Free cash flow | £83.0m | £94.0m | £212.0m | £164.0m | £202.0m | £130.0m | £148.0m | £64.0m |
| Total assets | £4.84bn | £4.14bn | £4.01bn | £4.29bn | £4.23bn | £4.07bn | £4.36bn | £5.00bn |
| Cash and short-term investments | £2.96bn | £345.0m | £195.0m | £392.0m | £459.0m | £180.0m | £285.0m | £795.0m |
| Debt | £578.0m | £1.14bn | £32.0m | £571.0m | £568.0m | £580.0m | £563.0m | £1.12bn |
| Shareholders' equity | £2.58bn | £1.66bn | £2.04bn | £2.27bn | £2.23bn | £2.10bn | £2.38bn | £2.48bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.9% | -4.2% | -4.1% |
| Operating income | -9.1% | -1.5% | -2.4% |
| Net income | 104.3% | 65.8% | 22.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.7% | 13.9% | 12.8% | 14.1% |
| Net margin | 46.6% | 24.9% | 18.2% | 13.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.3 | 27.1 | 23.9 | 26.7 | 444.8 | 39.9 | 89.0 | 47.6 | 19.7 | 10.2 |
| Price to sales | 4.4 | 2.7 | 1.9 | 2.0 | 2.3 | 2.6 | 2.3 | 2.7 | 1.7 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 15 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.335 | 0.468 | 0.444 | 0.423 | 0.402 | 0.383 | 0.467 | 0.318 |
- 1.032-to-1 reverse split · 18 Jun 2007
- 1-to-1 reverse split · 2 Dec 2004
- 1-to-1 reverse split · 19 Oct 2004
- 1-to-1 reverse split · 1 Jul 2004
- 1-to-1 reverse split · 1 Jun 2004
- 1-to-1 reverse split · 15 Mar 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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