Smith & Nephew Past Earnings Performance

Past criteria checks 3/6

Smith & Nephew's earnings have been declining at an average annual rate of -18.9%, while the Medical Equipment industry saw earnings growing at 13.4% annually. Revenues have been growing at an average rate of 2.4% per year. Smith & Nephew's return on equity is 5%, and it has net margins of 4.7%.

Key information

-18.9%

Earnings growth rate

-19.0%

EPS growth rate

Medical Equipment Industry Growth	8.9%
Revenue growth rate	2.4%
Return on equity	5.0%
Net Margin	4.7%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Smith & Nephew makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SNN Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Dec 23	5,549	263	2,890	320
30 Sep 23	5,449	241	2,816	324
01 Jul 23	5,349	218	2,741	327
01 Apr 23	5,282	221	2,718	331
31 Dec 22	5,215	223	2,695	335
30 Sep 22	5,214	360	2,680	344
02 Jul 22	5,213	496	2,665	352
02 Apr 22	5,213	510	2,651	351
31 Dec 21	5,212	524	2,637	349
30 Sep 21	5,168	539	2,607	340
03 Jul 21	5,124	553	2,576	330
03 Apr 21	4,842	501	2,508	319
31 Dec 20	4,560	448	2,439	307
30 Sep 20	4,624	420	2,470	304
27 Jun 20	4,688	391	2,501	301
27 Mar 20	4,913	496	2,518	297
31 Dec 19	5,138	600	2,534	292
30 Sep 19	5,044	649	2,449	281
29 Jun 19	4,949	698	2,364	269
29 Mar 19	4,927	681	2,374	258
31 Dec 18	4,904	663	2,384	246
30 Sep 18	4,887	690	2,450	239
30 Jun 18	4,869	717	2,496	232
31 Mar 18	4,817	742	2,453	228
31 Dec 17	4,765	767	2,419	223
30 Sep 17	4,721	817	2,346	224
01 Jul 17	4,677	867	2,282	224
01 Apr 17	4,673	826	2,269	227
31 Dec 16	4,669	784	2,255	230
30 Sep 16	4,680	570	2,515	228
02 Jul 16	4,690	356	2,393	225
02 Apr 16	4,662	383	2,363	224
31 Dec 15	4,634	410	2,524	222
30 Sep 15	4,702	513	2,333	224
27 Jun 15	4,669	557	2,326	225
27 Mar 15	4,680	499	2,375	234
31 Dec 14	4,617	501	2,323	235
27 Sep 14	4,543	503	2,285	239
28 Jun 14	4,422	523	2,201	241
29 Mar 14	4,349	563	2,124	235
31 Dec 13	4,351	556	2,149	231
28 Sep 13	4,253	534	2,045	215
29 Jun 13	4,178	544	2,013	196

Quality Earnings: SNN has a large one-off loss of $264.0M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: SNN's current net profit margins (4.7%) are higher than last year (4.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SNN's earnings have declined by 18.9% per year over the past 5 years.

Accelerating Growth: SNN's earnings growth over the past year (17.9%) exceeds its 5-year average (-18.9% per year).

Earnings vs Industry: SNN earnings growth over the past year (17.9%) exceeded the Medical Equipment industry 6.3%.

Return on Equity

High ROE: SNN's Return on Equity (5%) is considered low.

Return on Assets

Return on Capital Employed

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Smith & Nephew Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Smith & Nephew plc to Report Fiscal Year 2022 Results on Feb 21, 2023

Smith & Nephew plc to Report Q2, 2023 Results on Aug 03, 2023

Smith & Nephew plc to Report Q2, 2021 Results on Jul 29, 2021

Smith & Nephew plc to Report Fiscal Year 2020 Results on Feb 18, 2021

Smith & Nephew plc to Report First Half, 2020 Results on Jul 29, 2020

Recent updates

Smith+Nephew Introduces the RENASYS EDGE Negative Pressure Wound Therapy System

Smith & Nephew plc Announces Board Changes

Smith & Nephew plc, Annual General Meeting, May 01, 2024

Smith & Nephew plc Recommends Final Dividend for 2023, Payable on May 22, 2024

Smith+Nephew Announces Commercial Launch of Its Aetos Shoulder System for Anatomic and Reverse Shoulder Replacement At Aaos 2024 Annual Meeting

Smith & Nephew plc Announces Standout Results for Its Regeneten Bioinductive Implant from A Recently Completed Randomized Controlled Trial

Smith & Nephew plc (LSE:SN.) acquired CartiHeal (2009) Ltd.

Smith & Nephew: Orthopedics Growth Continues To Drive Sales Forward

Smith+Nephew Announces Board Changes

Smith+Nephew Announces Board Changes

Smith & Nephew plc (LSE:SN.) entered into a definitive agreement to acquire CartiHeal (2009) Ltd. for $330 million.

Smith & Nephew plc Provides Earning Guidance for Full Year 2023

Smith & Nephew plc Announces Appointment of John Rogers as CFO

Smith & Nephew plc Announces Interim Dividend for 2023, Payable 1 November 2023

Smith & Nephew Getting More Interesting As A Contrarian Idea

Smith & Nephew plc Announces Board and Committee Changes

Smith & Nephew plc Increases Revenue Guidance for 2023

Smith & Nephew plc Announces Step Down of Anne-Françoise Nesmes as Chief Financial Officer

Smith & Nephew: Entering New Markets But Growth Is Slow Still

Smith+Nephew Announces 510(K) Clearance of its AETOS Shoulder System

Smith & Nephew reports FY earnings; initiates FY23 guidance

Smith & Nephew plc, Annual General Meeting, Apr 26, 2023

Smith & Nephew: Potential Only Has Value If You Can Execute

Smith & Nephew plc to Report Fiscal Year 2022 Results on Feb 21, 2023

Smith & Nephew plc Announces Revenue Guidance for 2022

Smith+Nephew Expands Procedural Innovation with Introduction of JOURNEY(TM) II ROX(TM) Total Knee Solution

Smith+Nephew First to Market with Revision Knee Indication on Robotics Platform

Smith & Nephew: Still A Buy Despite Short-Term Challenges

Smith+Nephew Launches OR3O ™ Dual Mobility System in Japan for Use in Primary and Revision Hip Arthroplasty

Smith+Nephew Announces New Data Furthering a Number of Published Studies Supporting the Use of Its REGENETEN Bioinductive Implant in Rotator Cuff Repair

Smith & Nephew plc to Report Q2, 2023 Results on Aug 03, 2023

Smith & Nephew plc Announces Executive Changes

Smith & Nephew plc Provides Revenue Guidance for the Second Half and Full Year of 2022

Smith &amp; Nephew 1H 2022 Earnings Preview

Smith+Nephew Launches Clinical Support App to Help Reduce Practice Variation in Wound Care

Smith+Nephew launches app Wound Compass to help reduce variation in wound care

Smith & Nephew plc Announces Executive Changes

Smith & Nephew plc Announces Executive Changes

Smith+Nephew Announces First Total Hip Replacement Cases on its CORI Surgical System Using RI.HIP Modeler and RI.HIP Navigation

Smith & Nephew: Fair Price For An Attractive Medical Devices Supplier

Smith+Nephew Announces New Study Showing GRAFIX™ Membrane Cut the Rate of Diabetic Foot Ulcer Recurrence in Half Compared to Leading Competitors

Smith & Nephew plc, Annual General Meeting, Apr 13, 2022

Smith & Nephew plc Provides Revenue Guidance for the Second Half and Year of 2022

Smith+Nephew Expands Next-Generation Handheld Robotic-Assisted CORI™ Surgical System into Total Hip Arthroplasty with RI.HIP NAVIGATION

Smith & Nephew: Valuation Looking More Attractive

Smith+Nephew Announces New Indications for Use for its PICO 7 and PICO 14 Single Use Negative Pressure Wound Therapy Systems

Smith & Nephew plc (LSE:SN.) acquired Engage Surgical.

Smith & Nephew plc (LSE:SN.) announces an Equity Buyback for $300 million worth of its shares.

Smith+Nephew Launches Real Intelligence and CORI Surgical System and Next Generation Handheld Robotics Platform in Canada

Smith+Nephew Launches CORI Handheld Robotics

Smith & Nephew Is A Premium Brand That Should Deliver Something Special

Smith & Nephew Leveraged To Post-Pandemic Normalization And Self-Help

Smith+Nephew Introduces Pioneering New Technologies for Its Journey II Total Knee Arthroplasty Portfolio

Smith+Nephew Announces Launch of WEREWOLF FASTSEAL 6.0 Hemostasis Wand

Smith+Nephew Announces Study Results Showing Patients Treated with Just its REGENETEN Bioinductive Implant for Partial-Thickness Rotator Cuff Tears

Smith & Nephew plc: Improving Performance Reflected In Price

Smith+Nephew Launches ARIA Home PT, a Remote Physical Therapy Solution

Smith & Nephew plc Provides Revenue Guidance for the Full Year 2021

Smith+Nephew's ALLEVYN™ LIFE Foam Dressings Halved Change Frequency, Significantly Reduced Cost and Improved Treatment Satisfaction in Real-World Study

Net Health Adds Smith+Nephew's RENASYS GO Negative Pressure Wound Therapy System to Net Health® Wound Care Connections Lineup

Smith & Nephew plc, Annual General Meeting, Apr 14, 2021

Smith & Nephew plc Announces Appointment of John Ma as Non-Executive Director, Effective 17 February 2021

Smith & Nephew: Pandemic Long Tail Reduces Attractiveness

Smith+Nephew Partners with Movemedical to Streamline Inventory Management and Improve Customer Experience

Smith & Nephew plc Confirms Retirement of Vinita Bali as Non-Executive Director

Smith & Nephew plc (LSE:SN.) completed the acquisition of Extremity Orthopedics business of Integra LifeSciences Holdings Corporation.

Smith+Nephew Announces Outstanding Clinical Results for Its Total Hip Arthroplasty Portfolio

Smith & Nephew plc to Report Q2, 2021 Results on Jul 29, 2021

Smith & Nephew: A Long-Term Buy And Hold In Medical Devices

Smith+Nephew Adds Patient Selection and Care-Pathway Optimization Tools to ARIA Digital Care Management Platform for ASCs

Smith & Nephew 1H 2022 Earnings Preview

Revenue & Expenses Breakdown
Beta