Smith & Nephew (LON: SN) financial statements
The consolidated income statement, balance sheet and cash flow statement of Smith & Nephew for its last 6 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $10,457m in total assets and $5,289m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | $6,164m | $5,810m | $5,549m | $5,215m | $5,212m | $4,560m |
| Cost of sales | $1,972m | $1,764m | $1,730m | $1,540m | $1,543m | $1,396m |
| Gross profit | $4,192m | $4,046m | $3,819m | $3,675m | $3,669m | $3,164m |
| Operating profit | $794.0m | $657.0m | $425.0m | $450.0m | $593.0m | $295.0m |
| Profit before tax | $779.0m | $498.0m | $290.0m | $235.0m | $586.0m | $246.0m |
| Income tax | $154.0m | $86.0m | $27.0m | $12.0m | $62.0m | −$202.0m |
| Net profit | $625.0m | $412.0m | $263.0m | $223.0m | $524.0m | $448.0m |
| Earnings per share | $0.72 | $0.47 | $0.30 | $0.26 | $0.60 | $0.51 |
| Diluted earnings per share | $0.72 | $0.47 | $0.30 | $0.26 | $0.60 | $0.51 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | $10,457m | $10,354m | $9,987m | $9,966m | $10,920m | $11,012m |
| Current assets | $4,103m | $4,421m | $4,030m | $3,856m | $4,424m | $4,664m |
| Inventories | $2,117m | $2,387m | $2,395m | $2,205m | $1,844m | $1,691m |
| Property, plant and equipment | — | $1,422m | $1,470m | $1,455m | $1,513m | $1,449m |
| Goodwill | $3,108m | $3,026m | $2,992m | $3,031m | $2,989m | $2,928m |
| Cash | $557.0m | $619.0m | $300.0m | $344.0m | $1,285m | $1,751m |
| Total liabilities | $5,168m | $5,089m | $4,770m | $4,707m | $5,352m | $5,733m |
| Current liabilities | $1,595m | $1,531m | $2,271m | $1,715m | $2,131m | $1,688m |
| Equity | $5,289m | $5,265m | $5,217m | $5,259m | $5,568m | $5,279m |
| Equity including minorities | $5,289m | $5,265m | $5,217m | $5,259m | $5,568m | $5,279m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $1,285m | $987.0m | $608.0m | $468.0m | $877.0m | $935.0m |
| Investing cash flow | −$406.0m | −$569.0m | −$448.0m | −$472.0m | −$691.0m | −$606.0m |
| Financing cash flow | −$955.0m | −$86.0m | −$200.0m | −$926.0m | −$645.0m | $1,164m |
Where each figure comes from
From the annual report Smith & Nephew files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Smith & Nephew page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.