Simpson Manufacturing Co., Inc. SSD
Simpson Manufacturing Co., Inc. ("Simpson," the "Company," "we," "us," or "our,") through its subsidiaries, including, Simpson Strong-Tie Company Inc. ("SST"), designs, engineers and is a leading manufacturer of structural solutions primarily for wood and concrete. These solutions help customers design and build safer and stronger structures. The Company is relentlessly focused on providing customers with best in-class field support, technical expertise, digital tools, and training. Our research, rigorous testing, and focus on innovation enable us to design cost-effective, high-performing, and easy-to-install solutions for a multitude of applications in wood, steel, and concrete structures. In addition, the Company provides engineering and professional services to support product specification and adoption, while continuing to expand its digital tools and design, planning, and estimating software. The Company has continuously manufactured structural connectors since 1956 and believes that it benefits from the strong name recognition of the Simpson Strong-Tie® brand in residential, light industrial, and commercial markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.33B | $2.23B | $2.21B | $2.12B | $1.57B | $1.27B | $1.14B | $1.08B | $977.0M | $860.7M |
| Cost of revenue | $1.26B | $1.21B | $1.17B | $1.17B | $818.2M | $691.6M | $644.4M | $598.5M | $533.6M | $450.8M |
| Gross profit | $1.07B | $1.02B | $1.04B | $941.3M | $755.0M | $576.4M | $492.1M | $480.3M | $443.4M | $409.9M |
| R&D | $11.5M | $20.7M | $24.8M | $15.7M | $12.3M | $10.1M | $10.9M | $10.8M | $10.6M | $10.8M |
| SG&A | $321.7M | $293.1M | $272.2M | $228.5M | $193.2M | $161.0M | $157.3M | $158.6M | $142.7M | $124.9M |
| Total operating expenses | $627.0M | $588.5M | $562.1M | $466.2M | $387.6M | $324.4M | $316.9M | $311.6M | $305.3M | $269.4M |
| Operating income | $458.1M | $430.0M | $475.1M | $459.1M | $367.8M | $252.4M | $181.3M | $172.6M | $138.3M | $141.2M |
| Interest expense | $9.0M | $2.3M | $4.5M | $8.0M | $850.0K | $2.3M | $2.0M | $1.1M | $1.2M | $1.1M |
| Pre-tax income | $462.5M | $434.0M | $476.5M | $448.1M | $358.5M | $249.6M | $178.4M | $172.1M | $144.4M | $138.9M |
| Income tax | $117.4M | $111.8M | $122.6M | $114.1M | $92.1M | $62.6M | $44.4M | $45.5M | $51.8M | $49.2M |
| Net income | $345.1M | $322.2M | $354.0M | $334.0M | $266.4M | $187.0M | $134.0M | $126.6M | $92.6M | $89.7M |
| EPS, basic | 8.27 | 7.64 | 8.31 | 7.78 | 6.15 | 4.28 | 3.00 | 2.74 | 1.95 | 1.87 |
| EPS, diluted | 8.24 | 7.60 | 8.26 | 7.76 | 6.12 | 4.27 | 2.98 | 2.72 | 1.94 | 1.86 |
| Shares, diluted (wtd. avg.) | $41.9M | $42.4M | $42.8M | — | $43.5M | $43.8M | $44.9M | $46.5M | $47.8M | $48.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $384.1M | $239.4M | $429.8M | $300.7M | $301.2M | $274.6M | $230.2M | $160.2M | $168.5M | $226.5M |
| Receivables | $302.7M | $284.4M | $284.0M | $269.1M | $231.0M | $165.1M | $139.4M | $146.1M | $136.0M | $112.4M |
| Inventory | $594.2M | $593.2M | $551.6M | $556.8M | $443.8M | $283.7M | $251.9M | $276.1M | $253.0M | $232.3M |
| Total current assets | $1.35B | $1.18B | $1.31B | $1.18B | $998.8M | $753.1M | $640.9M | $599.5M | $583.9M | $585.2M |
| Property, plant and equipment | $627.9M | $531.7M | $418.6M | $361.6M | $259.9M | $255.2M | $249.0M | $254.6M | $273.0M | $232.8M |
| Goodwill | $558.5M | $512.4M | $502.6M | $495.7M | $134.0M | $135.8M | $131.9M | $130.2M | $137.1M | $124.5M |
| Other intangibles | $387.7M | $375.1M | $365.3M | $362.9M | $26.3M | $26.8M | $25.1M | $24.4M | $29.3M | $22.9M |
| Total assets | $3.07B | $2.74B | $2.70B | $2.50B | $1.48B | $1.23B | $1.10B | $1.02B | $1.04B | $980.0M |
| Accounts payable | $91.5M | $101.0M | $107.5M | $97.8M | $57.2M | $48.3M | $33.4M | $34.4M | $31.5M | $27.7M |
| Short-term debt | $15.0M | $22.5M | $22.5M | $22.5M | $0 | — | — | — | — | — |
| Total current liabilities | $381.8M | $366.3M | $361.3M | $348.6M | $244.6M | $194.1M | $158.9M | $151.6M | $136.5M | $108.8M |
| Long-term debt | $300.0M | $388.1M | $410.6M | $433.1M | — | — | — | — | — | — |
| Total liabilities | $1.04B | $923.0M | $1.02B | $1.09B | $300.1M | $251.6M | $203.4M | $166.1M | $152.7M | $114.1M |
| Retained earnings | $1.84B | $1.65B | $1.43B | $1.12B | $906.8M | $720.4M | $645.5M | $628.2M | $676.6M | $642.4M |
| Total equity | $2.03B | $1.81B | $1.68B | $1.41B | $1.18B | $980.9M | $892.0M | $855.5M | $884.8M | $865.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $458.7M | $338.2M | $427.0M | $399.8M | $151.3M | $207.6M | $205.7M | $160.1M | $119.1M | $99.0M |
| Depreciation and amortisation | $90.0M | $85.4M | $74.7M | $60.9M | $42.5M | $38.8M | $38.4M | $39.4M | $33.7M | $27.9M |
| Stock-based compensation | $23.0M | $19.0M | $23.9M | $15.0M | $17.7M | $13.5M | $10.4M | $11.2M | $13.9M | $13.9M |
| Capital expenditure | $161.0M | $180.4M | $88.8M | $62.4M | $43.7M | $32.6M | $32.7M | $29.3M | $58.0M | $42.0M |
| Investing cash flow | -$136.2M | -$259.3M | -$103.3M | -$870.2M | -$58.8M | -$39.9M | -$28.0M | -$10.2M | -$75.8M | -$48.5M |
| Financing cash flow | -$186.1M | -$261.5M | -$199.0M | $465.5M | -$71.6M | -$126.8M | -$108.2M | -$155.4M | -$106.7M | -$83.1M |
| Dividends paid | $47.6M | $46.5M | $45.2M | $43.9M | $41.6M | $40.4M | $40.2M | $39.9M | $37.0M | $32.7M |
| Buybacks | $120.0M | $100.0M | $50.0M | $78.6M | $24.1M | $76.2M | $60.8M | $110.5M | $70.0M | $53.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012920.
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