SMC (SMC) financial statements
SMC reported revenue of $562M in fiscal 2025, up 10.7% a year over 2 years.
Net income was -$2M and the operating margin 12.9%, against 16.7% in 2023.
Free cash flow was $45M.
The diluted share count rose 17% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $459M | $430M | $562M |
| Cost of revenue | $112M | $115M | $149M |
| Gross profit | $346M | $315M | $413M |
| Selling, general and admin | $42M | $56M | $61M |
| Operating income | $77M | -$42M | $72M |
| Interest expense | $141M | $115M | $95M |
| Pre-tax income | -$39M | $34M | -$2M |
| Income tax | $322,000 | $147M | -$501,000 |
| Net income | -$52M | -$122M | -$2M |
| EPS (diluted) | -$6.11 | -$12.78 | -$1.61 |
| Diluted shares | 10M | 11M | 12M |
| Gross margin | 75.5% | 73.2% | 73.5% |
| Operating margin | 16.7% | -9.8% | 12.9% |
| Net margin | -11.2% | -28.4% | -0.3% |
Balance sheet
Fiscal years, from SMC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $14M | $23M | $9M |
| Receivables | $76M | $77M | $70M |
| Total current assets | $98M | $118M | $97M |
| Property, plant and equipment | $1.7B | $1.8B | $1.8B |
| Total assets | $2.5B | $2.4B | $2.4B |
| Total current liabilities | $134M | $175M | $177M |
| Long-term debt | $1.5B | $977M | $1.0B |
| Total liabilities | $1.7B | $1.3B | $1.3B |
| Shareholders' equity | $719M | $468M | $546M |
| Net debt | $1.5B | $971M | $1.0B |
Cash flow
Fiscal years, from SMC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $127M | $62M | $134M |
| Capital spending | $69M | $54M | $89M |
| Free cash flow | $58M | $8M | $45M |
| Stock-based compensation | $7M | $9M | $8M |
| Free cash flow margin | 12.6% | 1.9% | 7.9% |
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Open SMC in InvestinglyQuestions
What was SMC's revenue in 2025?
$562M in fiscal 2025, from its 10-K filing.
How much free cash flow does SMC generate?
$45M in fiscal 2025 (operating cash flow minus capital spending).
From SMC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.