Smiths Group Past Earnings Performance

Past criteria checks 4/6

Smiths Group has been growing earnings at an average annual rate of 16.9%, while the Industrials industry saw earnings growing at 16% annually. Revenues have been growing at an average rate of 4.8% per year. Smiths Group's return on equity is 11.1%, and it has net margins of 8%.

Key information

16.9%

Earnings growth rate

20.9%

EPS growth rate

Industrials Industry Growth	6.9%
Revenue growth rate	4.8%
Return on equity	11.1%
Net Margin	8.0%
Next Earnings Update	25 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Smiths Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:QS2 Revenue, expenses and earnings (GBP Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Jul 24	3,132	250	724	-2
31 Jan 24	3,047	233	684	0
31 Oct 23	3,042	229	681	0
31 Jul 23	3,037	225	678	0
31 Jan 23	2,871	-1	621	0
31 Oct 22	2,719	5	613	0
31 Jul 22	2,566	11	604	0
30 Apr 22	2,507	131	596	0
31 Jan 22	2,448	250	588	0
31 Oct 21	2,427	203	581	0
31 Jul 21	2,406	156	574	0
30 Apr 21	2,432	116	623	0
31 Jan 21	2,458	75	671	0
31 Oct 20	2,503	70	687	0
31 Jul 20	2,548	65	702	0
30 Apr 20	2,572	82	678	0
31 Jan 20	2,595	98	654	0
31 Oct 19	2,547	119	664	0
31 Jul 19	2,498	140	673	0
31 Jan 19	1,929	66	482	0
31 Oct 18	2,129	92	557	0
31 Jul 18	2,328	117	632	0
31 Jan 18	3,205	372	962	0
31 Oct 17	3,243	471	959	0
31 Jul 17	3,280	570	956	0
31 Jan 17	3,194	432	946	0
31 Oct 16	3,072	346	917	0
31 Jul 16	2,949	259	887	0
30 Apr 16	2,901	274	872	0
31 Jan 16	2,853	289	856	0
31 Oct 15	2,875	268	872	0
31 Jul 15	2,897	246	888	0
30 Apr 15	2,912	236	909	0
31 Jan 15	2,926	225	930	0
31 Oct 14	2,939	229	944	0
31 Jul 14	2,952	233	957	0
30 Apr 14	3,014	261	950	0
31 Jan 14	3,075	289	943	0

Quality Earnings: QS2 has high quality earnings.

Growing Profit Margin: QS2's current net profit margins (8%) are higher than last year (7.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: QS2's earnings have grown by 16.9% per year over the past 5 years.

Accelerating Growth: QS2's earnings growth over the past year (11.1%) is below its 5-year average (16.9% per year).

Earnings vs Industry: QS2 earnings growth over the past year (11.1%) exceeded the Industrials industry 3.7%.

Return on Equity

High ROE: QS2's Return on Equity (11.1%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 12:42
End of Day Share Price	2024/12/20 00:00
Earnings	2024/07/31
Annual Earnings	2024/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Smiths Group plc is covered by 38 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Larkam	Arden Partners Plc.
Jonathan Hurn	Barclays
Joseph Campbell	Barclays