Standard Motor Products (SMP) Financials

$22.81 +0.12 (+0.52%)

Closing price 03:59 PM Eastern

Extended Trading

$23.00 +0.19 (+0.84%)

As of 04:25 PM Eastern

Annual Income Statements for Standard Motor Products

This table shows Standard Motor Products' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	55	34	28
Consolidated Net Income / (Loss)	55	34	28
Net Income / (Loss) Continuing Operations	73	63	55
Total Pre-Tax Income	98	82	74
Total Operating Income	104	93	81
Total Gross Profit	383	389	423
Total Revenue	1,372	1,358	1,464
Operating Revenue	1,372	1,358	1,464
Total Cost of Revenue	989	969	1,041
Operating Cost of Revenue	989	969	1,041
Total Operating Expenses	278	296	343
Selling, General & Admin Expense	277	294	335
Other Operating Expenses / (Income)	-0.11	-0.08	-0.08
Restructuring Charge	1.89	2.64	7.67
Total Other Income / (Expense), net	-5.80	-11	-6.64
Interest Expense	11	13	14
Other Income / (Expense), net	4.81	2.33	6.88
Income Tax Expense	25	18	19
Net Income / (Loss) Discontinued Operations	-18	-29	-26
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.20	0.98
Basic Earnings per Share	$2.55	$1.57	$1.26
Weighted Average Basic Shares Outstanding	21.68M	21.72M	21.80M
Diluted Earnings per Share	$2.50	$1.54	$1.24
Weighted Average Diluted Shares Outstanding	22.14M	22.16M	22.24M
Weighted Average Basic & Diluted Shares Outstanding	21.59M	21.92M	21.86M
Cash Dividends to Common per Share	$1.08	$1.16	$1.16

This table shows Standard Motor Products' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	8.85	7.93	12	9.14	6.66	6.43	8.82	17	3.81	-2.20
Consolidated Net Income / (Loss)	8.90	7.89	12	9.19	6.72	6.49	8.99	17	4.09	-2.01
Net Income / (Loss) Continuing Operations	23	8.50	13	18	25	7.28	10	18	27	-0.61
Total Pre-Tax Income	31	11	17	25	33	6.99	13	24	36	0.06
Total Operating Income	34	16	21	27	35	9.95	15	25	37	3.88
Total Gross Profit	107	90	91	101	115	82	90	111	121	101
Total Revenue	381	308	328	353	386	291	331	390	399	343
Operating Revenue	381	308	328	353	386	291	331	390	399	343
Total Cost of Revenue	275	219	237	252	272	209	242	278	278	242
Operating Cost of Revenue	275	219	237	252	272	209	242	278	278	242
Total Operating Expenses	73	74	71	74	80	72	75	86	84	97
Selling, General & Admin Expense	73	72	70	74	80	70	75	84	81	95
Other Operating Expenses / (Income)	-0.03	-0.07	-0.02	-0.05	-0.00	-0.00	-0.02	0.02	0.00	-0.07
Restructuring Charge	0.00	1.85	0.91	0.29	0.18	1.26	0.19	2.56	3.02	1.89
Total Other Income / (Expense), net	-2.14	-4.41	-3.64	-2.48	-1.89	-2.95	-1.25	-0.55	-1.02	-3.82
Interest Expense	3.66	4.34	3.86	3.28	3.62	2.52	2.07	2.75	3.15	5.55
Other Income / (Expense), net	1.51	-0.08	0.23	0.80	1.73	-0.43	0.82	2.20	2.13	1.73
Income Tax Expense	8.28	2.80	4.37	6.29	8.00	-0.29	3.34	6.11	9.27	0.67
Net Income / (Loss) Discontinued Operations	-14	-0.62	-0.78	-9.22	-18	-0.80	-1.04	-0.92	-23	-1.40
Net Income / (Loss) Attributable to Noncontrolling Interest	0.05	-0.05	0.04	0.05	0.06	0.05	0.17	0.34	0.28	0.19
Basic Earnings per Share	$0.41	$0.38	$0.55	$0.42	$0.31	$0.29	$0.40	$0.78	$0.18	($0.10)
Weighted Average Basic Shares Outstanding	21.43M	21.68M	21.61M	21.69M	21.73M	21.72M	21.92M	21.77M	21.72M	21.80M
Diluted Earnings per Share	$0.40	$0.37	$0.54	$0.41	$0.30	$0.29	$0.39	$0.77	$0.17	($0.09)
Weighted Average Diluted Shares Outstanding	21.85M	22.14M	22.10M	22.18M	22.25M	22.16M	22.37M	22.19M	22.15M	22.24M
Weighted Average Basic & Diluted Shares Outstanding	21.57M	21.59M	21.67M	21.73M	21.73M	21.92M	21.81M	21.71M	21.72M	21.86M
Cash Dividends to Common per Share	$0.27	$0.27	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29

This table details how cash moves in and out of Standard Motor Products' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-0.61	11	12
Net Cash From Operating Activities	-28	144	77
Net Cash From Continuing Operating Activities	-28	144	77
Net Income / (Loss) Continuing Operations	55	34	28
Consolidated Net Income / (Loss)	55	34	28
Depreciation Expense	28	29	31
Amortization Expense	0.42	0.49	1.91
Non-Cash Adjustments To Reconcile Net Income	37	43	36
Changes in Operating Assets and Liabilities, net	-149	38	-21
Net Cash From Investing Activities	-28	-26	-419
Net Cash From Continuing Investing Activities	-28	-26	-419
Purchase of Property, Plant & Equipment	-26	-29	-44
Acquisitions	-1.93	-3.95	-372
Divestitures	0.00	6.78	0.00
Other Investing Activities, net	0.07	0.11	-2.17
Net Cash From Financing Activities	56	-110	350
Net Cash From Continuing Financing Activities	56	-110	350
Repayment of Debt	-7.52	-5.06	-4.47
Repurchase of Common Equity	-30	0.00	-10
Payment of Dividends	-23	-26	-28
Issuance of Debt	116	-79	392
Other Net Changes in Cash	-	-	4.34
Cash Interest Paid	9.89	15	14
Cash Income Taxes Paid	25	16	20

This table details how cash moves in and out of Standard Motor Products' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	3.34	3.63	3.05	-1.18	5.47	4.04	-5.41	-0.96	0.19	18
Net Cash From Operating Activities	20	48	-20	60	94	11	-46	36	88	-1.51
Net Cash From Continuing Operating Activities	20	48	-20	60	94	11	-46	36	88	-1.51
Net Income / (Loss) Continuing Operations	8.90	7.89	12	9.19	6.72	6.49	8.99	17	4.09	-2.01
Consolidated Net Income / (Loss)	8.90	7.89	12	9.19	6.72	6.49	8.99	17	4.09	-2.01
Depreciation Expense	7.00	7.40	7.08	7.05	7.33	7.56	7.30	7.32	7.39	9.41
Amortization Expense	0.13	0.13	0.12	0.12	0.12	0.12	0.12	0.12	1.42	0.26
Non-Cash Adjustments To Reconcile Net Income	17	12	4.25	12	20	6.67	3.57	3.95	24	3.70
Changes in Operating Assets and Liabilities, net	-13	21	-44	32	59	-9.47	-66	6.79	51	-13
Net Cash From Investing Activities	-6.28	-8.33	-4.35	-5.09	-5.62	-11	-10	-13	-11	-385
Net Cash From Continuing Investing Activities	-6.28	-8.33	-4.35	-5.09	-5.62	-11	-10	-13	-11	-385
Purchase of Property, Plant & Equipment	-6.30	-6.46	-4.36	-5.14	-8.47	-11	-10	-13	-11	-9.88
Acquisitions	-	-1.93	-	-	-	-	-	-	-	-372
Other Investing Activities, net	0.01	0.06	0.01	0.05	0.03	0.01	0.02	0.00	-	-2.19
Net Cash From Financing Activities	-9.65	-37	27	-56	-82	1.39	50	-22	-76	397
Net Cash From Continuing Financing Activities	-9.65	-37	27	-56	-82	1.39	50	-22	-76	397
Repayment of Debt	2.08	-47	-1.27	-1.02	-1.26	-1.51	-1.26	53	-70	13
Repurchase of Common Equity	-4.05	-	0.00	-	-	-	-2.24	-8.17	-	-0.02
Payment of Dividends	-5.78	-5.83	-6.26	-6.54	-6.30	-6.76	-6.39	-6.91	-6.90	-7.48
Issuance of Debt	-1.90	16	35	-49	-74	9.66	60	-60	0.35	392
Cash Interest Paid	3.61	4.06	3.97	3.72	4.06	2.85	2.24	3.36	2.37	6.07
Cash Income Taxes Paid	2.94	3.18	3.16	6.19	2.00	4.67	3.53	2.90	4.51	8.89

This table presents Standard Motor Products' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,255	1,293	1,814
Total Current Assets	762	744	922
Cash & Equivalents	21	33	44
Accounts Receivable	168	160	211
Inventories, net	548	525	641
Prepaid Expenses	25	26	26
Plant, Property, & Equipment, net	107	122	169
Total Noncurrent Assets	385	427	723
Long-Term Investments	42	24	25
Goodwill	132	135	241
Intangible Assets	101	92	301
Noncurrent Deferred & Refundable Income Taxes	34	41	13
Other Noncurrent Operating Assets	77	135	143
Total Liabilities & Shareholders' Equity	1,255	1,293	1,814
Total Liabilities	634	642	1,184
Total Current Liabilities	323	304	436
Short-Term Debt	55	5.03	27
Accounts Payable	89	107	148
Accrued Expenses	60	57	59
Customer Deposits	37	42	76
Current Employee Benefit Liabilities	31	30	41
Other Current Liabilities	50	63	85
Total Noncurrent Liabilities	311	338	748
Long-Term Debt	185	151	535
Asset Retirement Reserve & Litigation Obligation	63	72	85
Other Noncurrent Operating Liabilities	63	115	128
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	621	651	630
Total Preferred & Common Equity	610	635	616
Total Common Equity	610	635	616
Common Stock	153	150	148
Retained Earnings	564	573	575
Treasury Stock	-95	-82	-82
Accumulated Other Comprehensive Income / (Loss)	-12	-5.97	-26
Noncontrolling Interest	11	16	14

This table presents Standard Motor Products' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,319	1,320	1,302	1,300	1,352	1,374	1,351
Total Current Assets	830	804	788	762	796	817	793
Cash & Equivalents	18	24	23	28	27	26	26
Accounts Receivable	230	211	218	208	204	239	217
Inventories, net	556	543	519	502	539	526	521
Prepaid Expenses	26	26	28	24	27	25	29
Plant, Property, & Equipment, net	104	107	108	113	125	132	138
Total Noncurrent Assets	385	409	407	425	430	426	419
Long-Term Investments	43	43	42	23	25	26	24
Goodwill	131	132	132	134	135	134	135
Intangible Assets	100	98	96	94	90	88	86
Noncurrent Deferred & Refundable Income Taxes	34	34	34	36	40	40	45
Other Noncurrent Operating Assets	77	102	103	136	141	138	129
Total Liabilities & Shareholders' Equity	1,319	1,320	1,302	1,300	1,352	1,374	1,351
Total Liabilities	708	687	662	654	696	720	697
Total Current Liabilities	374	321	348	373	299	332	353
Short-Term Debt	58	58	59	52	5.03	5.03	2.69
Accounts Payable	104	94	95	103	98	105	112
Accrued Expenses	78	63	64	68	65	69	78
Customer Deposits	42	40	44	46	45	54	53
Current Employee Benefit Liabilities	38	24	28	32	27	32	37
Other Current Liabilities	54	42	59	71	59	66	70
Total Noncurrent Liabilities	334	366	313	281	397	388	345
Long-Term Debt	211	215	164	95	210	203	140
Asset Retirement Reserve & Litigation Obligation	64	61	60	74	69	66	90
Other Noncurrent Operating Liabilities	59	24	25	24	118	118	115
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	610	633	640	645	655	654	653
Total Preferred & Common Equity	599	622	630	629	639	640	639
Total Common Equity	599	622	630	629	639	640	639
Common Stock	152	155	154	156	151	151	152
Retained Earnings	562	570	573	573	576	586	584
Treasury Stock	-96	-92	-90	-89	-81	-88	-87
Accumulated Other Comprehensive Income / (Loss)	-19	-11	-7.93	-10	-5.81	-9.46	-9.57
Noncontrolling Interest	11	11	11	16	16	14	15

This table displays calculated financial ratios and metrics derived from Standard Motor Products' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.62%	-0.99%	7.77%
EBITDA Growth	-13.94%	-9.55%	-2.96%
EBIT Growth	-17.77%	-12.80%	-7.90%
NOPAT Growth	-21.22%	-7.23%	-17.18%
Net Income Growth	-39.05%	-38.03%	-17.11%
EPS Growth	-37.81%	-38.40%	-19.48%
Operating Cash Flow Growth	-132.18%	623.95%	-46.84%
Free Cash Flow Firm Growth	87.09%	957.17%	-362.90%
Invested Capital Growth	12.93%	-5.92%	49.65%
Revenue Q/Q Growth	-0.12%	-1.27%	3.73%
EBITDA Q/Q Growth	-6.41%	-4.58%	-1.57%
EBIT Q/Q Growth	-8.27%	-6.05%	-4.27%
NOPAT Q/Q Growth	-9.21%	-2.77%	-11.12%
Net Income Q/Q Growth	-16.36%	-3.92%	-22.97%
EPS Q/Q Growth	-15.54%	-4.94%	-23.46%
Operating Cash Flow Q/Q Growth	60.13%	-20.23%	-14.37%
Free Cash Flow Firm Q/Q Growth	82.46%	86.74%	-307.67%
Invested Capital Q/Q Growth	-2.68%	-9.56%	50.55%
Profitability Metrics	-	-	-
Gross Margin	27.89%	28.63%	28.92%
EBITDA Margin	10.04%	9.17%	8.25%
Operating Margin	7.59%	6.82%	5.51%
EBIT Margin	7.94%	6.99%	5.98%
Profit (Net Income) Margin	4.04%	2.53%	1.95%
Tax Burden Percent	56.38%	42.04%	38.49%
Interest Burden Percent	90.26%	86.01%	84.56%
Effective Tax Rate	25.63%	22.48%	26.20%
Return on Invested Capital (ROIC)	10.30%	9.28%	6.35%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.97%	-17.85%	-4.12%
Return on Net Nonoperating Assets (RNNOA)	-1.31%	-3.88%	-1.91%
Return on Equity (ROE)	8.99%	5.40%	4.45%
Cash Return on Invested Capital (CROIC)	-1.85%	15.38%	-33.42%
Operating Return on Assets (OROA)	8.88%	7.46%	5.63%
Return on Assets (ROA)	4.52%	2.70%	1.83%
Return on Common Equity (ROCE)	8.83%	5.29%	4.34%
Return on Equity Simple (ROE_SIMPLE)	9.09%	5.41%	4.62%
Net Operating Profit after Tax (NOPAT)	77	72	60
NOPAT Margin	5.65%	5.29%	4.06%
Net Nonoperating Expense Percent (NNEP)	16.27%	27.13%	10.47%
Return On Investment Capital (ROIC_SIMPLE)	9.00%	8.90%	4.99%
Cost of Revenue to Revenue	72.11%	71.37%	71.08%
SG&A Expenses to Revenue	20.17%	21.61%	22.89%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.29%	21.80%	23.41%
Earnings before Interest and Taxes (EBIT)	109	95	88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	138	125	121
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.14	1.30	1.08
Price to Tangible Book Value (P/TBV)	1.84	2.03	9.08
Price to Revenue (P/Rev)	0.51	0.61	0.46
Price to Earnings (P/E)	12.57	24.23	24.23
Dividend Yield	3.35%	3.05%	3.78%
Earnings Yield	7.95%	4.13%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.26	1.04
Enterprise Value to Revenue (EV/Rev)	0.64	0.69	0.80
Enterprise Value to EBITDA (EV/EBITDA)	6.42	7.57	9.71
Enterprise Value to EBIT (EV/EBIT)	8.11	9.92	13.41
Enterprise Value to NOPAT (EV/NOPAT)	11.41	13.12	19.72
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.54	15.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.92	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.39	0.24	0.89
Long-Term Debt to Equity	0.30	0.23	0.85
Financial Leverage	0.22	0.22	0.46
Leverage Ratio	1.99	2.00	2.43
Compound Leverage Factor	1.79	1.72	2.05
Debt to Total Capital	27.84%	19.36%	47.16%
Short-Term Debt to Total Capital	6.39%	0.62%	2.27%
Long-Term Debt to Total Capital	21.45%	18.73%	44.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.28%	1.96%	1.20%
Common Equity to Total Capital	70.88%	78.69%	51.64%
Debt to EBITDA	1.74	1.25	4.65
Net Debt to EBITDA	1.28	0.80	4.08
Long-Term Debt to EBITDA	1.34	1.21	4.43
Debt to NOPAT	3.09	2.17	9.45
Net Debt to NOPAT	2.28	1.39	8.29
Long-Term Debt to NOPAT	2.38	2.10	8.99
Altman Z-Score	3.09	3.09	2.07
Noncontrolling Interest Sharing Ratio	1.79%	2.11%	2.35%
Liquidity Ratios	-	-	-
Current Ratio	2.36	2.45	2.11
Quick Ratio	0.58	0.63	0.58
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-14	119	-313
Operating Cash Flow to CapEx	-106.08%	503.82%	174.23%
Free Cash Flow to Firm to Interest Expense	-1.31	8.96	-23.17
Operating Cash Flow to Interest Expense	-2.59	10.86	5.68
Operating Cash Flow Less CapEx to Interest Expense	-5.04	8.70	2.42
Efficiency Ratios	-	-	-
Asset Turnover	1.12	1.07	0.94
Accounts Receivable Turnover	7.88	8.28	7.89
Inventory Turnover	1.90	1.81	1.78
Fixed Asset Turnover	13.07	11.86	10.07
Accounts Payable Turnover	8.74	9.86	8.15
Days Sales Outstanding (DSO)	46.33	44.06	46.25
Days Inventory Outstanding (DIO)	191.75	202.13	204.58
Days Payable Outstanding (DPO)	41.77	37.03	44.81
Cash Conversion Cycle (CCC)	196.31	209.16	206.02
Capital & Investment Metrics	-	-	-
Invested Capital	798	751	1,123
Invested Capital Turnover	1.82	1.75	1.56
Increase / (Decrease) in Invested Capital	91	-47	373
Enterprise Value (EV)	884	943	1,174
Market Capitalization	696	827	666
Book Value per Share	$28.28	$29.23	$28.35
Tangible Book Value per Share	$17.50	$18.78	$3.38
Total Capital	861	807	1,192
Total Debt	240	156	562
Total Long-Term Debt	185	151	535
Net Debt	177	100	493
Capital Expenditures (CapEx)	26	29	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	473	412	468
Debt-free Net Working Capital (DFNWC)	494	445	513
Net Working Capital (NWC)	439	440	485
Net Nonoperating Expense (NNE)	22	37	31
Net Nonoperating Obligations (NNO)	177	100	493
Total Depreciation and Amortization (D&A)	29	30	33
Debt-free, Cash-free Net Working Capital to Revenue	34.49%	30.37%	31.98%
Debt-free Net Working Capital to Revenue	36.04%	32.76%	35.02%
Net Working Capital to Revenue	32.02%	32.39%	33.16%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.55	$1.57	$1.26
Adjusted Weighted Average Basic Shares Outstanding	21.68M	21.72M	21.80M
Adjusted Diluted Earnings per Share	$2.50	$1.54	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	22.14M	22.16M	22.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.59M	21.92M	21.86M
Normalized Net Operating Profit after Tax (NOPAT)	79	74	65
Normalized NOPAT Margin	5.75%	5.44%	4.45%
Pre Tax Income Margin	7.17%	6.02%	5.05%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	10.26	7.15	6.48
NOPAT to Interest Expense	7.29	5.41	4.40
EBIT Less CapEx to Interest Expense	7.82	5.00	3.22
NOPAT Less CapEx to Interest Expense	4.85	3.25	1.15
Payout Ratios	-	-	-
Dividend Payout Ratio	42.26%	75.29%	97.23%
Augmented Payout Ratio	95.76%	75.29%	133.85%

This table displays calculated financial ratios and metrics derived from Standard Motor Products' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.99%	-0.54%	1.61%	-1.76%	1.32%	-5.66%	1.03%	10.41%	3.33%	18.09%
EBITDA Growth	-8.99%	-28.93%	-20.37%	-4.63%	4.10%	-25.77%	-18.87%	-1.50%	9.27%	-11.19%
EBIT Growth	-10.66%	-38.58%	-26.06%	-6.17%	4.01%	-39.16%	-26.38%	-2.84%	7.47%	-41.03%
NOPAT Growth	-14.84%	-39.67%	-23.06%	-2.60%	6.38%	-12.39%	-29.00%	-7.50%	4.78%	-465.57%
Net Income Growth	-63.02%	-57.89%	-38.49%	-52.18%	-24.45%	-17.77%	-24.81%	89.47%	-39.23%	-130.93%
EPS Growth	-62.62%	-55.42%	-37.93%	-52.33%	-25.00%	-21.62%	-27.78%	87.80%	-43.33%	-131.03%
Operating Cash Flow Growth	-64.53%	646.06%	80.34%	593.15%	370.96%	-76.29%	-123.64%	-40.52%	-5.54%	-113.26%
Free Cash Flow Firm Growth	-11.92%	57.33%	66.16%	83.93%	111.62%	172.45%	217.34%	423.65%	586.17%	-812.50%
Invested Capital Growth	25.11%	12.93%	12.17%	5.15%	1.23%	-5.92%	-9.51%	-6.09%	-10.10%	49.65%
Revenue Q/Q Growth	6.11%	-19.19%	6.43%	7.64%	9.44%	-24.76%	13.98%	17.63%	2.42%	-14.00%
EBITDA Q/Q Growth	14.66%	-45.18%	21.63%	24.75%	25.15%	-60.91%	32.93%	51.46%	38.84%	-68.23%
EBIT Q/Q Growth	17.80%	-55.49%	34.11%	33.42%	30.59%	-73.96%	62.27%	76.09%	44.45%	-85.71%
NOPAT Q/Q Growth	19.10%	-52.28%	30.66%	31.16%	30.09%	-60.70%	5.87%	70.89%	47.35%	-237.12%
Net Income Q/Q Growth	-53.68%	-11.35%	51.58%	-23.17%	-26.83%	-3.51%	38.61%	93.63%	-76.53%	-149.11%
EPS Q/Q Growth	-53.49%	-7.50%	45.95%	-24.07%	-26.83%	-3.33%	34.48%	97.44%	-77.92%	-152.94%
Operating Cash Flow Q/Q Growth	130.13%	141.42%	-142.64%	392.59%	56.36%	-87.85%	-502.18%	177.82%	148.30%	-101.71%
Free Cash Flow Firm Q/Q Growth	-1.88%	43.10%	-3.94%	73.34%	173.70%	254.73%	68.34%	-26.46%	56.25%	-468.34%
Invested Capital Q/Q Growth	-0.16%	-2.68%	13.34%	-4.52%	-3.88%	-9.56%	9.01%	-0.91%	-7.98%	50.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.00%	29.06%	27.82%	28.68%	29.70%	28.04%	27.01%	28.59%	30.40%	29.41%
EBITDA Margin	11.08%	7.52%	8.59%	9.96%	11.38%	5.91%	6.90%	8.88%	12.04%	4.45%
Operating Margin	8.81%	5.10%	6.32%	7.70%	9.01%	3.42%	4.41%	6.41%	9.30%	1.13%
EBIT Margin	9.21%	5.07%	6.39%	7.92%	9.46%	3.27%	4.66%	6.97%	9.84%	1.63%
Profit (Net Income) Margin	2.33%	2.56%	3.65%	2.60%	1.74%	2.23%	2.71%	4.47%	1.02%	-0.58%
Tax Burden Percent	28.27%	69.79%	69.89%	37.20%	20.42%	92.75%	67.24%	71.24%	11.31%	-3,235.48%
Interest Burden Percent	89.59%	72.28%	81.58%	88.27%	90.09%	73.50%	86.61%	89.88%	91.99%	1.11%
Effective Tax Rate	26.31%	24.77%	25.55%	25.46%	24.29%	-4.12%	24.99%	25.00%	25.65%	1,075.81%
Return on Invested Capital (ROIC)	12.10%	7.00%	7.58%	9.34%	11.37%	6.25%	5.23%	8.03%	12.39%	-17.23%
ROIC Less NNEP Spread (ROIC-NNEP)	0.66%	4.09%	6.05%	4.20%	1.40%	3.45%	4.32%	7.33%	-4.60%	-5.13%
Return on Net Nonoperating Assets (RNNOA)	0.15%	0.90%	2.19%	1.45%	0.44%	0.75%	1.46%	2.15%	-0.98%	-2.37%
Return on Equity (ROE)	12.25%	7.89%	9.77%	10.78%	11.81%	7.00%	6.69%	10.18%	11.40%	-19.60%
Cash Return on Invested Capital (CROIC)	-10.74%	-1.85%	-2.96%	3.56%	7.73%	15.38%	17.80%	14.14%	19.14%	-33.42%
Operating Return on Assets (OROA)	10.06%	5.68%	6.69%	8.26%	9.94%	3.49%	4.75%	7.29%	10.47%	1.54%
Return on Assets (ROA)	2.55%	2.86%	3.82%	2.71%	1.83%	2.38%	2.77%	4.67%	1.09%	-0.55%
Return on Common Equity (ROCE)	12.14%	7.75%	9.60%	10.60%	11.56%	6.85%	6.55%	9.98%	11.13%	-19.14%
Return on Equity Simple (ROE_SIMPLE)	11.06%	0.00%	7.71%	6.02%	5.68%	0.00%	4.91%	6.19%	5.79%	0.00%
Net Operating Profit after Tax (NOPAT)	25	12	15	20	26	10	11	19	28	-38
NOPAT Margin	6.50%	3.84%	4.71%	5.74%	6.82%	3.56%	3.31%	4.81%	6.92%	-11.03%
Net Nonoperating Expense Percent (NNEP)	11.44%	2.91%	1.53%	5.13%	9.97%	2.80%	0.91%	0.70%	16.99%	-12.10%
Return On Investment Capital (ROIC_SIMPLE)	-	1.37%	-	-	-	1.28%	-	-	-	-3.18%
Cost of Revenue to Revenue	72.00%	70.94%	72.18%	71.32%	70.30%	71.96%	72.99%	71.41%	69.60%	70.59%
SG&A Expenses to Revenue	19.19%	23.39%	21.23%	20.91%	20.65%	24.19%	22.55%	21.52%	20.34%	27.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.19%	23.96%	21.50%	20.98%	20.69%	24.62%	22.60%	22.18%	21.10%	28.28%
Earnings before Interest and Taxes (EBIT)	35	16	21	28	37	9.51	15	27	39	5.61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	23	28	35	44	17	23	35	48	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.14	1.22	1.24	1.12	1.30	1.12	0.94	1.13	1.08
Price to Tangible Book Value (P/TBV)	1.77	1.84	1.94	1.94	1.76	2.03	1.73	1.43	1.72	9.08
Price to Revenue (P/Rev)	0.48	0.51	0.55	0.57	0.51	0.61	0.53	0.43	0.51	0.46
Price to Earnings (P/E)	9.87	12.57	15.85	20.61	19.80	24.23	23.04	15.37	19.95	24.23
Dividend Yield	3.48%	3.35%	3.13%	3.11%	3.51%	3.05%	3.52%	4.22%	3.49%	3.78%
Earnings Yield	10.13%	7.95%	6.31%	4.85%	5.05%	4.13%	4.34%	6.51%	5.01%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.11	1.15	1.17	1.09	1.26	1.09	0.95	1.11	1.04
Enterprise Value to Revenue (EV/Rev)	0.64	0.64	0.76	0.74	0.66	0.69	0.66	0.55	0.59	0.80
Enterprise Value to EBITDA (EV/EBITDA)	5.94	6.42	7.98	7.87	6.95	7.57	7.50	6.49	6.75	9.71
Enterprise Value to EBIT (EV/EBIT)	7.35	8.11	10.25	10.16	8.96	9.92	10.00	8.68	9.06	13.41
Enterprise Value to NOPAT (EV/NOPAT)	10.24	11.41	14.29	14.02	12.27	13.12	13.29	11.71	12.37	19.72
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	18.58	9.45	5.01	6.54	7.52	8.12	9.25	15.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	33.82	14.21	7.92	5.83	6.51	5.49	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.39	0.53	0.45	0.37	0.24	0.33	0.32	0.22	0.89
Long-Term Debt to Equity	0.35	0.30	0.44	0.36	0.28	0.23	0.32	0.31	0.21	0.85
Financial Leverage	0.23	0.22	0.36	0.34	0.31	0.22	0.34	0.29	0.21	0.46
Leverage Ratio	2.10	1.99	2.10	2.10	2.09	2.00	2.07	2.07	2.04	2.43
Compound Leverage Factor	1.88	1.44	1.71	1.85	1.88	1.47	1.80	1.86	1.88	0.03
Debt to Total Capital	30.63%	27.84%	34.85%	30.98%	26.76%	19.36%	24.70%	24.14%	17.94%	47.16%
Short-Term Debt to Total Capital	6.61%	6.39%	5.93%	6.33%	5.95%	0.62%	0.58%	0.58%	0.34%	2.27%
Long-Term Debt to Total Capital	24.02%	21.45%	28.92%	24.65%	20.81%	18.73%	24.12%	23.55%	17.60%	44.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.25%	1.28%	1.14%	1.16%	1.83%	1.96%	1.84%	1.66%	1.83%	1.20%
Common Equity to Total Capital	68.12%	70.88%	64.01%	67.86%	71.42%	78.69%	73.46%	74.20%	80.23%	51.64%
Debt to EBITDA	1.83	1.74	2.59	2.23	1.81	1.25	1.80	1.75	1.16	4.65
Net Debt to EBITDA	1.42	1.28	2.08	1.73	1.41	0.80	1.37	1.32	0.75	4.08
Long-Term Debt to EBITDA	1.44	1.34	2.15	1.78	1.41	1.21	1.76	1.71	1.14	4.43
Debt to NOPAT	3.16	3.09	4.65	3.98	3.19	2.17	3.19	3.17	2.13	9.45
Net Debt to NOPAT	2.45	2.28	3.73	3.09	2.50	1.39	2.42	2.38	1.38	8.29
Long-Term Debt to NOPAT	2.48	2.38	3.86	3.17	2.48	2.10	3.12	3.09	2.09	8.99
Altman Z-Score	2.69	2.84	2.80	2.85	2.77	2.88	2.70	2.60	2.76	1.92
Noncontrolling Interest Sharing Ratio	0.92%	1.79%	1.76%	1.74%	2.16%	2.11%	2.10%	1.93%	2.37%	2.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.22	2.36	2.50	2.26	2.04	2.45	2.66	2.46	2.25	2.11
Quick Ratio	0.66	0.58	0.73	0.69	0.63	0.63	0.77	0.80	0.69	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-140	-80	-83	-22	16	58	97	71	111	-410
Operating Cash Flow to CapEx	315.41%	742.48%	-468.53%	1,162.75%	1,104.17%	106.67%	-453.26%	276.76%	789.09%	-15.25%
Free Cash Flow to Firm to Interest Expense	-38.22	-18.34	-21.40	-6.71	4.49	22.85	46.92	25.92	35.43	-73.99
Operating Cash Flow to Interest Expense	5.43	11.06	-5.29	18.22	25.83	4.51	-22.12	12.93	28.09	-0.27
Operating Cash Flow Less CapEx to Interest Expense	3.71	9.57	-6.42	16.65	23.49	0.28	-27.00	8.26	24.53	-2.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.12	1.05	1.04	1.05	1.07	1.02	1.05	1.06	0.94
Accounts Receivable Turnover	6.04	7.88	6.32	6.12	6.27	8.28	6.57	6.11	6.64	7.89
Inventory Turnover	2.00	1.90	1.81	1.80	1.85	1.81	1.80	1.92	1.97	1.78
Fixed Asset Turnover	13.40	13.07	13.11	12.90	12.67	11.86	11.74	11.68	11.22	10.07
Accounts Payable Turnover	8.52	8.74	8.50	8.37	9.45	9.86	10.12	10.02	9.34	8.15
Days Sales Outstanding (DSO)	60.44	46.33	57.80	59.62	58.17	44.06	55.59	59.70	54.98	46.25
Days Inventory Outstanding (DIO)	182.86	191.75	202.03	202.93	197.15	202.13	202.50	190.52	185.24	204.58
Days Payable Outstanding (DPO)	42.82	41.77	42.96	43.63	38.62	37.03	36.08	36.41	39.07	44.81
Cash Conversion Cycle (CCC)	200.48	196.31	216.87	218.91	216.70	209.16	222.01	213.81	201.15	206.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	820	798	904	863	830	751	818	811	746	1,123
Invested Capital Turnover	1.86	1.82	1.61	1.63	1.67	1.75	1.58	1.67	1.79	1.56
Increase / (Decrease) in Invested Capital	165	91	98	42	10	-47	-86	-53	-84	373
Enterprise Value (EV)	873	884	1,040	1,013	906	943	895	770	828	1,174
Market Capitalization	653	696	758	780	706	827	715	599	721	666
Book Value per Share	$28.00	$28.28	$28.79	$29.06	$28.97	$29.23	$29.15	$29.34	$29.42	$28.35
Tangible Book Value per Share	$17.23	$17.50	$18.11	$18.50	$18.44	$18.78	$18.91	$19.16	$19.26	$3.38
Total Capital	880	861	971	928	881	807	870	863	796	1,192
Total Debt	270	240	338	287	236	156	215	208	143	562
Total Long-Term Debt	211	185	281	229	183	151	210	203	140	535
Net Debt	209	177	272	223	184	100	163	156	93	493
Capital Expenditures (CapEx)	6.30	6.46	4.36	5.14	8.47	11	10	13	11	9.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	496	473	516	475	413	412	475	463	417	468
Debt-free Net Working Capital (DFNWC)	514	494	540	498	441	445	502	490	443	513
Net Working Capital (NWC)	456	439	482	439	389	440	497	484	441	485
Net Nonoperating Expense (NNE)	16	3.93	3.49	11	20	3.87	1.98	1.33	24	-36
Net Nonoperating Obligations (NNO)	209	177	272	223	184	100	163	156	93	493
Total Depreciation and Amortization (D&A)	7.13	7.53	7.21	7.17	7.45	7.68	7.42	7.44	8.80	9.66
Debt-free, Cash-free Net Working Capital to Revenue	36.14%	34.49%	37.46%	34.66%	30.02%	30.37%	34.89%	33.14%	29.55%	31.98%
Debt-free Net Working Capital to Revenue	37.42%	36.04%	39.22%	36.34%	32.09%	32.76%	36.89%	35.01%	31.42%	35.02%
Net Working Capital to Revenue	33.19%	32.02%	35.03%	32.06%	28.28%	32.39%	36.52%	34.65%	31.23%	33.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.41	$0.38	$0.55	$0.42	$0.31	$0.29	$0.40	$0.78	$0.18	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	21.43M	21.68M	21.61M	21.69M	21.73M	21.72M	21.92M	21.77M	21.72M	21.80M
Adjusted Diluted Earnings per Share	$0.40	$0.37	$0.54	$0.41	$0.30	$0.29	$0.39	$0.77	$0.17	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	21.85M	22.14M	22.10M	22.18M	22.25M	22.16M	22.37M	22.19M	22.15M	22.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.57M	21.59M	21.67M	21.73M	21.73M	21.92M	21.81M	21.71M	21.72M	21.86M
Normalized Net Operating Profit after Tax (NOPAT)	25	13	16	20	26	7.84	11	21	30	4.04
Normalized NOPAT Margin	6.50%	4.29%	4.92%	5.80%	6.85%	2.70%	3.35%	5.30%	7.48%	1.18%
Pre Tax Income Margin	8.25%	3.67%	5.22%	6.99%	8.52%	2.41%	4.03%	6.27%	9.05%	0.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.61	3.61	5.43	8.52	10.09	3.77	7.47	9.88	12.49	1.01
NOPAT to Interest Expense	6.78	2.73	4.00	6.17	7.28	4.11	5.30	6.81	8.78	-6.82
EBIT Less CapEx to Interest Expense	7.89	2.12	4.30	6.96	7.75	-0.45	2.59	5.21	8.93	-0.77
NOPAT Less CapEx to Interest Expense	5.05	1.24	2.87	4.60	4.94	-0.12	0.43	2.14	5.22	-8.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.67%	42.26%	49.54%	64.34%	69.72%	75.29%	82.83%	66.59%	72.95%	97.23%
Augmented Payout Ratio	80.94%	95.76%	97.79%	75.02%	69.72%	75.29%	89.95%	92.87%	101.10%	133.85%

Frequently Asked Questions About Standard Motor Products' Financials

When does Standard Motor Products's fiscal year end?

According to the most recent income statement we have on file, Standard Motor Products' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Standard Motor Products' net income changed over the last 2 years?

Standard Motor Products' net income appears to be on a downward trend, with a most recent value of $28.48 million in 2024, falling from $55.44 million in 2022. The previous period was $34.35 million in 2023.

What is Standard Motor Products's operating income?

Standard Motor Products's total operating income in 2024 was $80.62 million, based on the following breakdown:

Total Gross Profit: $423.32 million
Total Operating Expenses: $342.70 million

How has Standard Motor Products revenue changed over the last 2 years?

Over the last 2 years, Standard Motor Products' total revenue changed from $1.37 billion in 2022 to $1.46 billion in 2024, a change of 6.7%.

How much debt does Standard Motor Products have?

Standard Motor Products' total liabilities were at $1.18 billion at the end of 2024, a 84.4% increase from 2023, and a 86.8% increase since 2022.

How much cash does Standard Motor Products have?

In the past 2 years, Standard Motor Products' cash and equivalents has ranged from $21.15 million in 2022 to $44.43 million in 2024, and is currently $44.43 million as of their latest financial filing in 2024.

How has Standard Motor Products' book value per share changed over the last 2 years?

Over the last 2 years, Standard Motor Products' book value per share changed from 28.28 in 2022 to 28.35 in 2024, a change of 0.2%.

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This page (NYSE:SMP) was last updated on 4/15/2025 by MarketBeat.com Staff

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Standard Motor Products (SMP) Financials

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Standard Motor Products (SMP) Financials

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