Financial
FY2025 revenue $6.16bn (+6.1%); operating margin 12.9%; net income $625.0m.
Net debt $2.76bn including leases.
Smith & Nephew
HQ United Kingdom · Europe
Directory listing. Financial health and risk summaries come from public sources only (see below); products have not been catalogued yet. Source: HSH editorial list from public company information, November 2026 — awaiting verification.
At a glance
Financial health
Band: Strong
Customer rating
No reviews yet
Financial health
Band: StrongListed: SN.L
FY2025 revenue $6.16bn (+6.1%); operating margin 12.9%; net income $625.0m.
Net debt $2.76bn including leases.
Source: official results release · Year ended 2025-12-31 · Band from the latest full-year operating margin in official results: 10% or more Strong, 0–10% Fair, below 0 Weak. Where operating profit is not published, the stated alternative margin is used. Not assessed means no usable public figures.
| Year | Revenue | Growth | Operating profit | Net income | Covers |
|---|---|---|---|---|---|
| FY2025 | US$6.2bn | +6.1% | US$794m | US$625m | Smith & Nephew |
Products & services
Products not yet catalogued.
Risk summary
Full risk page with sources →Researched 8 Nov 2026
Adverse media
Nov 2026: Smith & Nephew cut its 2026 guidance, citing weaker US Orthopaedics growth, and said earlier talks with Johnson & Johnson on a possible deal involving its Orthopaedics division had ended; it is still exploring options for that division.
Cyber & information governance
Feb 2026: the 0apt ransomware group claimed to have taken data from Smith & Nephew (UK), according to a threat-intelligence site; the claim is unverified and no company confirmation was found. NHS DSPT status not yet checked.
Regulatory & clinical safety
Sep 2026: FDA Class 2 recall of an EVOS proximal tibia plate for incorrect labelling. Mar 2026: Class 2 recall of a lot of TRIGEN humeral nails made without some distal holes, which the notice says could lead to revision surgery.
Contract performance
No notable NHS contract awards, terminations or customer disputes involving Smith & Nephew found in HSH's search of the last 24 months.
Competitors
No competitors linked yet.