Smith & Nephew share price today

Smith & Nephew plc's share price was $32.46 at the close on 4 November 2026. It has been stalling near its high for 1 week. That is 4.6% above its average price over the last 200 trading days.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Smith & Nephew plc is in stage 3. The phase helps read everything below.

In the last 52 weeks it traded between $26 and $37, and at that close it sat 58% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.

Over the last 10 years the share price moved −6% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Smith & Nephew plc paid $0.78 per share over the last four reported quarters. The most recent declaration was $0.16 for Jun 2026. At today's price of $32.46 that is a yield of 2.40%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Smith & Nephew is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Smith & Nephew plc earned $303 M of net profit in the Jun 2026 quarter, +3.4% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY25 profit was $625 M. Over 4 years profit has grown 4.5% a year on average. That is 9.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned $214 M.

For the full year, FY25 profit was $625 M (+51.7% on the year before).

Why profit moved: revenue changed +4.6% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +56.4% and revenue +5.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

Smith & Nephew plc reported $3.1 B of revenue in the Jun 2026 quarter, +4.6% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 4 years it has grown 4.3% a year on average. The last full year, FY25, came in at $6.2 B.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $6.2 B, +6.1% on the year before.

Recent pace: the last four quarters grew +5.7% on average, against 4.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.4%, against +8.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +115.3%, against +3.6% a year (accelerating).

Smith & Nephew plc's operating margin was 14.5% in the Jun 2026 quarter, about the same as the same quarter a year ago. Over the last four quarters it has moved +2.9 percentage points. Across 5 years it has been between 12.6% and 15.2%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed +1.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 222% of Smith & Nephew plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.3 B of operating cash against $625 M of profit. After $433 M of spending on assets, $852 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Smith & Nephew plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.2 B on assets over the last 3 years. Averaged over those years that is 6.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $1.2 B over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Smith & Nephew plc's P/E is 21.6×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.