Smith Operating Income from 2010 to 2026
| SNN Stock | USD 36.19 0.01 0.03% |
Operating Income | First Reported 1999-03-31 | Previous Quarter 329 M | Current Value 434.9 M | Quarterly Volatility 325.3 M |
Check Smith Nephew financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Smith Nephew's main balance sheet or income statement drivers, such as Depreciation And Amortization of 700.4 M, Interest Expense of 202.9 M or Total Revenue of 7 B, as well as many indicators such as Price To Sales Ratio of 3.27, Dividend Yield of 0.0254 or PTB Ratio of 2.26. Smith financial statements analysis is a perfect complement when working with Smith Nephew Valuation or Volatility modules.
Smith | Operating Income | Build AI portfolio with Smith Stock |
Evaluating Smith Nephew's Operating Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Smith Nephew SNATS's fundamental strength.
Latest Smith Nephew's Operating Income Growth Pattern
Below is the plot of the Operating Income of Smith Nephew SNATS over the last few years. Operating Income is the amount of profit realized from Smith Nephew SNATS operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Smith Nephew SNATS is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Smith Nephew's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Smith Nephew's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Smith Operating Income Regression Statistics
| Arithmetic Mean | 645,686,590 | |
| Geometric Mean | 584,589,380 | |
| Coefficient Of Variation | 36.59 | |
| Mean Deviation | 192,433,423 | |
| Median | 749,000,000 | |
| Standard Deviation | 236,285,457 | |
| Sample Variance | 55830.8T | |
| Range | 806.1M | |
| R-Value | (0.20) | |
| Mean Square Error | 57195.8T | |
| R-Squared | 0.04 | |
| Significance | 0.44 | |
| Slope | (9,308,952) | |
| Total Sum of Squares | 893293.1T |
Smith Operating Income History
About Smith Nephew Financial Statements
Smith Nephew investors utilize fundamental indicators, such as Operating Income, to predict how Smith Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 755.5 M | 500.2 M |
Pair Trading with Smith Nephew
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Smith Nephew position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Smith Nephew will appreciate offsetting losses from the drop in the long position's value.Moving against Smith Stock
| 0.83 | IPD | Impedimed | PairCorr |
| 0.77 | EW | Edwards Lifesciences Corp | PairCorr |
| 0.59 | VVOS | Vivos Therapeutics | PairCorr |
| 0.57 | IL3 | Integra LifeSciences | PairCorr |
| 0.54 | 56S1 | Sartorius Stedim Biotech Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Smith Nephew could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith Nephew when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Smith Nephew - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Smith Nephew SNATS to buy it.
The correlation of Smith Nephew is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smith Nephew moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith Nephew SNATS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Smith Nephew can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Smith Nephew Correlation against competitors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Will Health Care Equipment & Supplies sector continue expanding? Could Smith diversify its offerings? Factors like these will boost the valuation of Smith Nephew. If investors know Smith will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Smith Nephew data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.359 | Dividend Share 0.381 | Earnings Share 1.11 | Revenue Per Share | Quarterly Revenue Growth 0.047 |
Understanding Smith Nephew SNATS requires distinguishing between market price and book value, where the latter reflects Smith's accounting equity. The concept of intrinsic value - what Smith Nephew's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Smith Nephew's price substantially above or below its fundamental value.
Please note, there is a significant difference between Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Smith Nephew's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.