SNN · NYSE · Medical - Devices

Smith & Nephew (ADR) (SNN)

Repairs, regenerates and replaces tissue through orthopaedics, sports medicine and wound care.

$27.52
vs last close−0.18 (−0.63%)
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Smith & Nephew plcSNN
Health Care

Sells joint implants, sports-medicine and ENT tools, and advanced wound-care products through three global business units. Demand spans around 100 countries and depends on hospital procedure volumes, surgeon adoption, reimbursement systems, product innovation and regulated commercial practices.

Builds hip and knee reconstruction systems, trauma products and robotics-assisted surgery through Orthopaedics. Sports Medicine & ENT supplies instruments and repair technologies for soft tissue, while Advanced Wound Management includes dressings and negative-pressure therapy.

Operates through vertical global teams across around 100 countries, with demand and reimbursement conditions distributed beyond its UK base. Its wound-care roots reach back to 1856, while acquisitions helped build arthroscopy, orthopaedic robotics, regenerative repair and shoulder capabilities.

Execution centers on product innovation, procedure-enabling technology and continuous operating improvement across the three units. The business depends on hospital procedure volumes, surgeon adoption, reimbursement systems and regulated physician and distributor relationships.

Company facts

CEODeepak Nath
ListedNov 16, 1999
ExchangeNYSE
HeadquartersWatford, United Kingdom
CountryUnited Kingdom
Employees16,988
CIK0000845982
ISINUS83175M2052

Market cap$11.63B
EPS (ttm)$1.46
P/E (ttm)18.97
ROE12.1%
P/B2.24
P/S1.85
Dividend yieldDiv yield2.82%
Beta0.36vs XLV 0.66

Price target$31.85+15.0%Average of 23 analysts
ConsensusHold15 of 23 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 11, 2026Berenberg BankTarget
Target:
Target: $33.88
Sep 2, 2026Morgan StanleyDowngrade
Rating: Overweight
Rating: Cautious
Aug 31, 2026BTIGInitiate
Rating:
Rating: Neutral
Aug 6, 2026JP MorganDowngrade
Rating: Overweight
Rating: Neutral
Aug 5, 2026BarclaysDowngrade
Rating: Equal-Weight
Rating: Underweight

EPSReportedEstimate

Aug '23Feb '24Aug '24Oct '24Feb '25Aug '25Mar '26Aug '26
Reported$0.70$0.05$0.75$0.50$0.94$0.86$1.18$0.95
Estimate$0.73$0.97$0.79$0.80$0.92$0.79$1.16$0.94
Surprise−4.6%−94.6%−4.3%−37.5%+2.0%+8.6%+1.7%+0.7%

RevenueReportedEstimate

Aug '23Feb '24Aug '24Oct '24Feb '25Aug '25Mar '26Aug '26
Reported$2.73B$2.82B$2.83B$2.83B$2.98B$2.96B$3.20B$3.10B
Estimate$2.72B$2.80B$2.83B$1.41B$2.96B$1.53B$2.77B$1.64B
Surprise+0.5%+0.5%+0.1%+100.2%+0.7%+93.5%+15.5%+88.9%
Estimate$0.94
Reported$0.95+0.7%
Estimate$1.64B
Reported$3.10B+88.9%
View details

Debt to equity73.10%
Current ratio213.90%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$2.62B$2.73B$2.82B$2.83B$2.98B$2.96B$3.20B$3.10B
Net income$46.0M$172.0M$91.0M$214.0M$198.0M$293.0M$332.0M$303.0M
Net margin1.8%6.3%3.2%7.6%6.6%9.9%10.4%9.8%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$208.0M$275.0M$150.0M$328.0M$329.0M$429.0M$365.0M$448.0M
YoY growth−56.0%+13.6%−27.9%+19.3%+119.3%+30.8%+10.9%+4.4%

Balance sheet, Jun 27, 2026Cash & short-term investments $754.0M · Total debt $3.79B · Total assets $11.01B · Shareholders' equity $5.18B

Revenue
$3.10B
Operating income
$448.0M
Net income
$303.0M
View details

Dividend yield
2.82%
Next ex-date
Oct 2, 26
in 10 days
Annual dividend
$0.78
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yieldUpcoming

Mar '23Oct '23Apr '24Oct '24Mar '25Oct '25Mar '26Oct '26
Dividend$0.462$0.288$0.462$0.288$0.462$0.30$0.482$0.312
Annual yield2.74%3.19%3.06%2.50%2.67%2.10%2.47%2.89%
Ex-dateMar 30Oct 5Apr 1Oct 4Mar 28Oct 3Mar 27Oct 2
Payment dateMay 17Nov 1May 22Nov 8May 28Nov 7May 27Nov 6
View details

Institutions8.35%36.63M ADS
295 holders · as of Jun 30, 2026
Other91.65%402.24M ADS
remainder

438.86M ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Cevian Capital II GP LimitedInstitution
13.58%59.59Mfiled Jul 27, 2026
River Road Asset Management, LLCInstitution
0.73%3.22M ADSas of Jun 30, 2026
Goldman Sachs Group IncInstitution
0.70%3.07M ADSas of Jun 30, 2026
Brandes Investment Partners, LPInstitution
0.49%2.15M ADSas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
0.42%1.84M ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Stryker

    Broad rival in joint reconstruction, robotics, sports medicine, and ENT

  • Zimmer Biomet

    Direct rival in hip and knee implants, robotics, and sports medicine

  • Johnson & Johnson

    DePuy Synthes contests reconstruction, trauma, and sports medicine

  • Solventum

    Major wound-care rival in negative-pressure therapy and dressings

  • CONMED

    Focused rival in arthroscopy and sports-medicine soft-tissue repair

Compare

CompanyPriceChange
Smith & Nephew (ADR)$27.52−0.63%$11.63B19.01.8+4.6%
Stryker$276.35+0.79%$105.11B28.417.34.1+9.4%
Zimmer Biomet$94.63+0.33%$18.25B22.910.82.1+4.8%
Johnson & Johnson$267.81−0.62%$649.40B31.222.66.6+6.6%
Solventum$89.20+0.41%$15.38B10.813.11.9+2.2%
CONMED$45.46+1.72%$1.34B24.110.11.0+0.3%
Median24.113.12.1+4.8%