How Smith & Nephew SNATS makes money

Period

FY2025

How does Smith & Nephew SNATS make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Smith & Nephew SNATS Inc. · FY2025 · year ended 2025-12-31

Revenue$6.2BGross profit$4.2B · 68%Cost of revenue$2.0B · 32%Operating income$794M · 13%Operating expenses$3.4B · 55%R&D$296M · 5%Other opex$3.1B · 50%Net income$625M · 10%Income tax$154M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.