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Smith & Nephew stock: key metrics
SNNSmith & Nephew had an operating margin of 12.9% and a return on invested capital (ROIC) of 8% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 72.3% | 19.3% | 26.8% |
| 2007 | 70.5% | 14.6% | 9.4% |
| 2008 | 71.7% | 16.6% | 9.9% |
| 2009 | 72.7% | 19.2% | 12.5% |
| 2010 | 74.0% | 23.2% | 15.5% |
| 2011 | 73.3% | 20.2% | 13.6% |
| 2012 | 74.1% | 20.4% | 17.6% |
| 2013 | 75.1% | 18.6% | 12.8% |
| 2014 | 75.6% | 16.2% | 10.9% |
| 2015 | 75.3% | 13.6% | 8.8% |
| 2016 | 72.8% | 17.2% | 16.8% |
| 2017 | 73.8% | 19.6% | 16.1% |
| 2018 | 73.5% | 17.6% | 13.5% |
| 2019 | 74.1% | 15.9% | 11.7% |
| 2020 | 69.7% | 6.5% | 9.8% |
| 2021 | 71.0% | 11.4% | 10.1% |
| 2022 | 70.9% | 8.6% | 4.3% |
| 2023 | 70.2% | 7.7% | 4.7% |
| 2024 | 70.2% | 11.3% | 7.1% |
| 2025 | 68.3% | 12.9% | 10.1% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 34.3% | 19.6% | 23.1% |
| 2007 | 17.4% | 13.1% | 7.1% |
| 2008 | 22.2% | 13.7% | 8.4% |
| 2009 | 21.7% | 16.5% | 10.3% |
| 2010 | 22.2% | 19.7% | 13.0% |
| 2011 | 18.3% | 18.0% | 12.3% |
| 2012 | 18.8% | 15.0% | 12.9% |
| 2013 | 13.7% | 13.3% | 9.6% |
| 2014 | 12.4% | 10.6% | 6.9% |
| 2015 | 10.3% | 8.4% | 5.7% |
| 2016 | 19.8% | 10.9% | 10.7% |
| 2017 | 16.5% | 14.3% | 9.8% |
| 2018 | 13.6% | 12.3% | 8.2% |
| 2019 | 11.7% | 10.2% | 6.5% |
| 2020 | 8.5% | 4.2% | 4.1% |
| 2021 | 9.4% | 7.2% | 4.8% |
| 2022 | 4.2% | 5.5% | 2.2% |
| 2023 | 5.0% | 4.9% | 2.6% |
| 2024 | 7.8% | 6.8% | 4.0% |
| 2025 | 11.8% | 8.0% | 6.0% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 14 Feb 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.