San Miguel Past Earnings Performance
Past criteria checks 2/6
San Miguel has been growing earnings at an average annual rate of 7.6%, while the Industrials industry saw earnings growing at 10.8% annually. Revenues have been growing at an average rate of 14.7% per year. San Miguel's return on equity is 10.7%, and it has net margins of 1.2%.
Key information
7.65%
Earnings growth rate
7.40%
EPS growth rate
| Industrials Industry Growth | 6.18% |
| Revenue growth rate | 14.71% |
| Return on equity | 10.68% |
| Net Margin | 1.19% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How San Miguel makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 1,486,977 | 17,624 | 73,909 | 89 |
| 30 Jun 25 | 1,504,563 | 32,875 | 75,186 | 89 |
| 31 Mar 25 | 1,543,577 | 12,738 | 76,823 | 89 |
| 31 Dec 24 | 1,575,379 | -16,929 | 76,714 | 89 |
| 30 Sep 24 | 1,565,136 | -4,065 | 78,295 | 80 |
| 30 Jun 24 | 1,550,495 | -17,471 | 75,778 | 80 |
| 31 Mar 24 | 1,492,691 | -15,326 | 73,530 | 80 |
| 31 Dec 23 | 1,446,703 | -5,994 | 71,134 | 80 |
| 30 Sep 23 | 1,455,157 | -3,567 | 73,907 | 45 |
| 30 Jun 23 | 1,480,404 | -16,835 | 69,946 | 45 |
| 31 Mar 23 | 1,536,551 | -16,692 | 65,707 | 45 |
| 31 Dec 22 | 1,506,591 | -19,418 | 63,984 | 45 |
| 30 Sep 22 | 1,403,142 | -19,557 | 63,158 | 38 |
| 30 Jun 22 | 1,242,485 | -7,429 | 62,092 | 38 |
| 31 Mar 22 | 1,056,798 | 3,542 | 60,324 | 38 |
| 31 Dec 21 | 941,193 | 5,919 | 60,474 | 38 |
| 30 Sep 21 | 845,236 | 6,964 | 54,841 | 50 |
| 30 Jun 21 | 783,125 | 15,446 | 56,506 | 50 |
| 31 Mar 21 | 712,891 | 5,641 | 57,187 | 50 |
| 31 Dec 20 | 725,797 | -3,967 | 58,861 | 50 |
| 30 Sep 20 | 793,002 | -6,000 | 59,741 | 152 |
| 30 Jun 20 | 863,803 | -4,752 | 60,536 | 152 |
| 31 Mar 20 | 983,644 | 7,260 | 66,497 | 152 |
| 31 Dec 19 | 1,020,502 | 14,142 | 66,530 | 152 |
| 30 Sep 19 | 1,022,404 | 16,144 | 70,017 | 152 |
| 30 Jun 19 | 1,035,438 | 14,383 | 70,304 | 152 |
| 31 Mar 19 | 1,041,520 | 14,134 | 68,220 | 152 |
| 31 Dec 18 | 1,024,943 | 15,760 | 66,182 | 152 |
| 30 Sep 18 | 990,261 | 19,876 | 75,668 | 0 |
| 30 Jun 18 | 931,681 | 20,721 | 72,459 | 0 |
| 31 Mar 18 | 864,671 | 22,004 | 69,449 | 0 |
| 31 Dec 17 | 826,086 | 20,908 | 57,157 | 127 |
| 30 Sep 17 | 784,000 | 16,942 | 51,822 | 103 |
| 30 Jun 17 | 749,551 | 10,411 | 53,423 | 103 |
| 31 Mar 17 | 721,937 | 8,300 | 58,476 | 103 |
| 31 Dec 16 | 685,314 | 10,632 | 69,300 | 0 |
| 30 Sep 16 | 667,253 | 12,634 | 72,824 | 0 |
| 30 Jun 16 | 667,335 | 9,349 | 68,416 | 0 |
| 31 Mar 16 | 674,034 | 11,554 | 59,810 | 0 |
| 31 Dec 15 | 672,243 | 5,861 | 46,611 | 144 |
| 30 Sep 15 | 683,555 | 2,762 | 46,823 | 134 |
| 30 Jun 15 | 706,900 | 6,105 | 45,498 | 134 |
| 31 Mar 15 | 736,160 | 9,453 | 44,752 | 134 |
| 31 Dec 14 | 772,243 | 9,900 | 54,111 | 0 |
Quality Earnings: SMC2F has a large one-off gain of ₱24.8B impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: SMC2F became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SMC2F has become profitable over the past 5 years, growing earnings by 7.6% per year.
Accelerating Growth: SMC2F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SMC2F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrials industry (7.9%).
Return on Equity
High ROE: SMC2F's Return on Equity (10.7%) 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 | 2025/12/07 19:40 |
| End of Day Share Price | 2025/09/09 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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Learn about the 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 Github.
Analyst Sources
San Miguel Corporation is covered by 4 analysts. 0 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 |
|---|---|
| Karisa Magpayo | Citigroup Inc |
| Gregg Adrian Ilag | Daiwa Securities Co. Ltd. |
| Miang Chuen Koh | Goldman Sachs |