Smith & Nephew plc

SNN

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,810

Cost of Revenue

1,764

Gross Profit

4,046

Gross Margin

69.6%

Operating Income

657

Operating Margin

11.3%

Net Income

412

Net Margin

7.1%

EPS (Basic)

$0.94

EPS (Diluted)

$0.94

EBITDA

1,237

EBITDA Margin

21.3%

2023

12/31/2023

Revenue

5,549

Cost of Revenue

1,730

Gross Profit

3,819

Gross Margin

68.8%

Operating Income

425

Operating Margin

7.7%

Net Income

263

Net Margin

4.7%

EPS (Basic)

$1.20

EPS (Diluted)

$1.20

EBITDA

956

EBITDA Margin

17.2%

2022

12/31/2022

Revenue

5,215

Cost of Revenue

1,540

Gross Profit

3,675

Gross Margin

70.5%

Operating Income

315

Operating Margin

6.0%

Net Income

223

Net Margin

4.3%

EPS (Basic)

$0.50

EPS (Diluted)

$0.50

EBITDA

874

EBITDA Margin

16.8%

2021

12/31/2021

Revenue

5,212

Cost of Revenue

1,543

Gross Profit

3,669

Gross Margin

70.4%

Operating Income

593

Operating Margin

11.4%

Net Income

524

Net Margin

10.1%

EPS (Basic)

$1.20

EPS (Diluted)

$1.20

EBITDA

1,242

EBITDA Margin

23.8%

2020

12/31/2020

Revenue

4,560

Cost of Revenue

1,396

Gross Profit

3,164

Gross Margin

69.4%

Operating Income

295

Operating Margin

6.5%

Net Income

448

Net Margin

9.8%

EPS (Basic)

$1.02

EPS (Diluted)

$1.02

EBITDA

866

EBITDA Margin

19.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,810	5,549	5,215	5,212	4,560
Cost of Revenue	1,764	1,730	1,540	1,543	1,396
Gross Profit	4,046	3,819	3,675	3,669	3,164
Gross Margin	69.6%	68.8%	70.5%	70.4%	69.4%
Operating Income	657	425	315	593	295
Operating Margin	11.3%	7.7%	6.0%	11.4%	6.5%
Net Income	412	263	223	524	448
Net Margin	7.1%	4.7%	4.3%	10.1%	9.8%
EPS (Basic)	$0.94	$1.20	$0.50	$1.20	$1.02
EPS (Diluted)	$0.94	$1.20	$0.50	$1.20	$1.02
EBITDA	1,237	956	874	1,242	866
EBITDA Margin	21.3%	17.2%	16.8%	23.8%	19.0%