Standard Motor Products (SMP) Financials

$29.42 -0.23 (-0.77%)

As of 11:22 AM 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	28	34	55
Consolidated Net Income / (Loss)	28	34	55
Net Income / (Loss) Continuing Operations	55	63	73
Total Pre-Tax Income	74	82	98
Total Operating Income	81	93	104
Total Gross Profit	423	389	383
Total Revenue	1,464	1,358	1,372
Operating Revenue	1,464	1,358	1,372
Total Cost of Revenue	1,041	969	989
Operating Cost of Revenue	1,041	969	989
Total Operating Expenses	343	296	278
Selling, General & Admin Expense	335	294	277
Other Operating Expenses / (Income)	-0.08	-0.08	-0.11
Restructuring Charge	7.67	2.64	1.89
Total Other Income / (Expense), net	-6.64	-11	-5.80
Interest Expense	14	13	11
Other Income / (Expense), net	6.88	2.33	4.81
Income Tax Expense	19	18	25
Net Income / (Loss) Discontinued Operations	-26	-29	-18
Net Income / (Loss) Attributable to Noncontrolling Interest	0.98	0.20	0.08
Basic Earnings per Share	$1.26	$1.57	$2.55
Weighted Average Basic Shares Outstanding	21.80M	21.72M	21.68M
Diluted Earnings per Share	$1.24	$1.54	$2.50
Weighted Average Diluted Shares Outstanding	22.24M	22.16M	22.14M
Weighted Average Basic & Diluted Shares Outstanding	21.86M	21.92M	21.59M
Cash Dividends to Common per Share	$1.16	$1.16	$1.08

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-2.20	3.81	17	8.82	6.43	6.66	9.14	12	7.93	8.85
Consolidated Net Income / (Loss)	-2.01	4.09	17	8.99	6.49	6.72	9.19	12	7.89	8.90
Net Income / (Loss) Continuing Operations	-0.61	27	18	10	7.28	25	18	13	8.50	23
Total Pre-Tax Income	0.06	36	24	13	6.99	33	25	17	11	31
Total Operating Income	3.88	37	25	15	9.95	35	27	21	16	34
Total Gross Profit	101	121	111	90	82	115	101	91	90	107
Total Revenue	343	399	390	331	291	386	353	328	308	381
Operating Revenue	343	399	390	331	291	386	353	328	308	381
Total Cost of Revenue	242	278	278	242	209	272	252	237	219	275
Operating Cost of Revenue	242	278	278	242	209	272	252	237	219	275
Total Operating Expenses	97	84	86	75	72	80	74	71	74	73
Selling, General & Admin Expense	95	81	84	75	70	80	74	70	72	73
Other Operating Expenses / (Income)	-0.07	0.00	0.02	-0.02	-0.00	-0.00	-0.05	-0.02	-0.07	-0.03
Restructuring Charge	1.89	3.02	2.56	0.19	1.26	0.18	0.29	0.91	1.85	0.00
Total Other Income / (Expense), net	-3.82	-1.02	-0.55	-1.25	-2.95	-1.89	-2.48	-3.64	-4.41	-2.14
Interest Expense	5.55	3.15	2.75	2.07	2.52	3.62	3.28	3.86	4.34	3.66
Other Income / (Expense), net	1.73	2.13	2.20	0.82	-0.43	1.73	0.80	0.23	-0.08	1.51
Income Tax Expense	0.67	9.27	6.11	3.34	-0.29	8.00	6.29	4.37	2.80	8.28
Net Income / (Loss) Discontinued Operations	-1.40	-23	-0.92	-1.04	-0.80	-18	-9.22	-0.78	-0.62	-14
Net Income / (Loss) Attributable to Noncontrolling Interest	0.19	0.28	0.34	0.17	0.05	0.06	0.05	0.04	-0.05	0.05
Basic Earnings per Share	($0.10)	$0.18	$0.78	$0.40	$0.29	$0.31	$0.42	$0.55	$0.38	$0.41
Weighted Average Basic Shares Outstanding	21.80M	21.72M	21.77M	21.92M	21.72M	21.73M	21.69M	21.61M	21.68M	21.43M
Diluted Earnings per Share	($0.09)	$0.17	$0.77	$0.39	$0.29	$0.30	$0.41	$0.54	$0.37	$0.40
Weighted Average Diluted Shares Outstanding	22.24M	22.15M	22.19M	22.37M	22.16M	22.25M	22.18M	22.10M	22.14M	21.85M
Weighted Average Basic & Diluted Shares Outstanding	21.86M	21.72M	21.71M	21.81M	21.92M	21.73M	21.73M	21.67M	21.59M	21.57M
Cash Dividends to Common per Share	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29	$0.29	$0.27	$0.27

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

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	18	0.19	-0.96	-5.41	4.04	5.47	-1.18	3.05	3.63	3.34
Net Cash From Operating Activities	-1.51	88	36	-46	11	94	60	-20	48	20
Net Cash From Continuing Operating Activities	-1.51	88	36	-46	11	94	60	-20	48	20
Net Income / (Loss) Continuing Operations	-2.01	4.09	17	8.99	6.49	6.72	9.19	12	7.89	8.90
Consolidated Net Income / (Loss)	-2.01	4.09	17	8.99	6.49	6.72	9.19	12	7.89	8.90
Depreciation Expense	9.41	7.39	7.32	7.30	7.56	7.33	7.05	7.08	7.40	7.00
Amortization Expense	0.26	1.42	0.12	0.12	0.12	0.12	0.12	0.12	0.13	0.13
Non-Cash Adjustments To Reconcile Net Income	3.70	24	3.95	3.57	6.67	20	12	4.25	12	17
Changes in Operating Assets and Liabilities, net	-13	51	6.79	-66	-9.47	59	32	-44	21	-13
Net Cash From Investing Activities	-385	-11	-13	-10	-11	-5.62	-5.09	-4.35	-8.33	-6.28
Net Cash From Continuing Investing Activities	-385	-11	-13	-10	-11	-5.62	-5.09	-4.35	-8.33	-6.28
Purchase of Property, Plant & Equipment	-9.88	-11	-13	-10	-11	-8.47	-5.14	-4.36	-6.46	-6.30
Acquisitions	-372	-	-	-	-	-	-	-	-1.93	-
Other Investing Activities, net	-2.19	-	0.00	0.02	0.01	0.03	0.05	0.01	0.06	0.01
Net Cash From Financing Activities	397	-76	-22	50	1.39	-82	-56	27	-37	-9.65
Net Cash From Continuing Financing Activities	397	-76	-22	50	1.39	-82	-56	27	-37	-9.65
Repayment of Debt	13	-70	53	-1.26	-1.51	-1.26	-1.02	-1.27	-47	2.08
Repurchase of Common Equity	-0.02	-	-8.17	-2.24	-	-	-	0.00	-	-4.05
Payment of Dividends	-7.48	-6.90	-6.91	-6.39	-6.76	-6.30	-6.54	-6.26	-5.83	-5.78
Issuance of Debt	392	0.35	-60	60	9.66	-74	-49	35	16	-1.90
Cash Interest Paid	6.07	2.37	3.36	2.24	2.85	4.06	3.72	3.97	4.06	3.61
Cash Income Taxes Paid	8.89	4.51	2.90	3.53	4.67	2.00	6.19	3.16	3.18	2.94

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

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,351	1,374	1,352	1,300	1,302	1,320	1,319
Total Current Assets	793	817	796	762	788	804	830
Cash & Equivalents	26	26	27	28	23	24	18
Accounts Receivable	217	239	204	208	218	211	230
Inventories, net	521	526	539	502	519	543	556
Prepaid Expenses	29	25	27	24	28	26	26
Plant, Property, & Equipment, net	138	132	125	113	108	107	104
Total Noncurrent Assets	419	426	430	425	407	409	385
Long-Term Investments	24	26	25	23	42	43	43
Goodwill	135	134	135	134	132	132	131
Intangible Assets	86	88	90	94	96	98	100
Noncurrent Deferred & Refundable Income Taxes	45	40	40	36	34	34	34
Other Noncurrent Operating Assets	129	138	141	136	103	102	77
Total Liabilities & Shareholders' Equity	1,351	1,374	1,352	1,300	1,302	1,320	1,319
Total Liabilities	697	720	696	654	662	687	708
Total Current Liabilities	353	332	299	373	348	321	374
Short-Term Debt	2.69	5.03	5.03	52	59	58	58
Accounts Payable	112	105	98	103	95	94	104
Accrued Expenses	78	69	65	68	64	63	78
Customer Deposits	53	54	45	46	44	40	42
Current Employee Benefit Liabilities	37	32	27	32	28	24	38
Other Current Liabilities	70	66	59	71	59	42	54
Total Noncurrent Liabilities	345	388	397	281	313	366	334
Long-Term Debt	140	203	210	95	164	215	211
Asset Retirement Reserve & Litigation Obligation	90	66	69	74	60	61	64
Other Noncurrent Operating Liabilities	115	118	118	24	25	24	59
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	653	654	655	645	640	633	610
Total Preferred & Common Equity	639	640	639	629	630	622	599
Total Common Equity	639	640	639	629	630	622	599
Common Stock	152	151	151	156	154	155	152
Retained Earnings	584	586	576	573	573	570	562
Treasury Stock	-87	-88	-81	-89	-90	-92	-96
Accumulated Other Comprehensive Income / (Loss)	-9.57	-9.46	-5.81	-10	-7.93	-11	-19
Noncontrolling Interest	15	14	16	16	11	11	11

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	7.77%	-0.99%	5.62%
EBITDA Growth	-2.96%	-9.55%	-13.94%
EBIT Growth	-7.90%	-12.80%	-17.77%
NOPAT Growth	-17.18%	-7.23%	-21.22%
Net Income Growth	-17.11%	-38.03%	-39.05%
EPS Growth	-19.48%	-38.40%	-37.81%
Operating Cash Flow Growth	-46.84%	623.95%	-132.18%
Free Cash Flow Firm Growth	-362.90%	957.17%	87.09%
Invested Capital Growth	49.65%	-5.92%	12.93%
Revenue Q/Q Growth	3.73%	-1.27%	-0.12%
EBITDA Q/Q Growth	-1.57%	-4.58%	-6.41%
EBIT Q/Q Growth	-4.27%	-6.05%	-8.27%
NOPAT Q/Q Growth	-11.12%	-2.77%	-9.21%
Net Income Q/Q Growth	-22.97%	-3.92%	-16.36%
EPS Q/Q Growth	-23.46%	-4.94%	-15.54%
Operating Cash Flow Q/Q Growth	-14.37%	-20.23%	60.13%
Free Cash Flow Firm Q/Q Growth	-307.67%	86.74%	82.46%
Invested Capital Q/Q Growth	50.55%	-9.56%	-2.68%
Profitability Metrics	-	-	-
Gross Margin	28.92%	28.63%	27.89%
EBITDA Margin	8.25%	9.17%	10.04%
Operating Margin	5.51%	6.82%	7.59%
EBIT Margin	5.98%	6.99%	7.94%
Profit (Net Income) Margin	1.95%	2.53%	4.04%
Tax Burden Percent	38.49%	42.04%	56.38%
Interest Burden Percent	84.56%	86.01%	90.26%
Effective Tax Rate	26.20%	22.48%	25.63%
Return on Invested Capital (ROIC)	6.35%	9.28%	10.30%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.12%	-17.85%	-5.97%
Return on Net Nonoperating Assets (RNNOA)	-1.91%	-3.88%	-1.31%
Return on Equity (ROE)	4.45%	5.40%	8.99%
Cash Return on Invested Capital (CROIC)	-33.42%	15.38%	-1.85%
Operating Return on Assets (OROA)	5.63%	7.46%	8.88%
Return on Assets (ROA)	1.83%	2.70%	4.52%
Return on Common Equity (ROCE)	4.34%	5.29%	8.83%
Return on Equity Simple (ROE_SIMPLE)	4.62%	5.41%	9.09%
Net Operating Profit after Tax (NOPAT)	60	72	77
NOPAT Margin	4.06%	5.29%	5.65%
Net Nonoperating Expense Percent (NNEP)	10.47%	27.13%	16.27%
Return On Investment Capital (ROIC_SIMPLE)	4.99%	8.90%	9.00%
Cost of Revenue to Revenue	71.08%	71.37%	72.11%
SG&A Expenses to Revenue	22.89%	21.61%	20.17%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.41%	21.80%	20.29%
Earnings before Interest and Taxes (EBIT)	88	95	109
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	121	125	138
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.08	1.30	1.14
Price to Tangible Book Value (P/TBV)	9.08	2.03	1.84
Price to Revenue (P/Rev)	0.46	0.61	0.51
Price to Earnings (P/E)	24.23	24.23	12.57
Dividend Yield	3.78%	3.05%	3.35%
Earnings Yield	4.13%	4.13%	7.95%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.26	1.11
Enterprise Value to Revenue (EV/Rev)	0.80	0.69	0.64
Enterprise Value to EBITDA (EV/EBITDA)	9.71	7.57	6.42
Enterprise Value to EBIT (EV/EBIT)	13.41	9.92	8.11
Enterprise Value to NOPAT (EV/NOPAT)	19.72	13.12	11.41
Enterprise Value to Operating Cash Flow (EV/OCF)	15.30	6.54	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.92	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.89	0.24	0.39
Long-Term Debt to Equity	0.85	0.23	0.30
Financial Leverage	0.46	0.22	0.22
Leverage Ratio	2.43	2.00	1.99
Compound Leverage Factor	2.05	1.72	1.79
Debt to Total Capital	47.16%	19.36%	27.84%
Short-Term Debt to Total Capital	2.27%	0.62%	6.39%
Long-Term Debt to Total Capital	44.88%	18.73%	21.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.20%	1.96%	1.28%
Common Equity to Total Capital	51.64%	78.69%	70.88%
Debt to EBITDA	4.65	1.25	1.74
Net Debt to EBITDA	4.08	0.80	1.28
Long-Term Debt to EBITDA	4.43	1.21	1.34
Debt to NOPAT	9.45	2.17	3.09
Net Debt to NOPAT	8.29	1.39	2.28
Long-Term Debt to NOPAT	8.99	2.10	2.38
Altman Z-Score	2.07	3.09	3.09
Noncontrolling Interest Sharing Ratio	2.35%	2.11%	1.79%
Liquidity Ratios	-	-	-
Current Ratio	2.11	2.45	2.36
Quick Ratio	0.58	0.63	0.58
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-313	119	-14
Operating Cash Flow to CapEx	174.23%	503.82%	-106.08%
Free Cash Flow to Firm to Interest Expense	-23.17	8.96	-1.31
Operating Cash Flow to Interest Expense	5.68	10.86	-2.59
Operating Cash Flow Less CapEx to Interest Expense	2.42	8.70	-5.04
Efficiency Ratios	-	-	-
Asset Turnover	0.94	1.07	1.12
Accounts Receivable Turnover	7.89	8.28	7.88
Inventory Turnover	1.78	1.81	1.90
Fixed Asset Turnover	10.07	11.86	13.07
Accounts Payable Turnover	8.15	9.86	8.74
Days Sales Outstanding (DSO)	46.25	44.06	46.33
Days Inventory Outstanding (DIO)	204.58	202.13	191.75
Days Payable Outstanding (DPO)	44.81	37.03	41.77
Cash Conversion Cycle (CCC)	206.02	209.16	196.31
Capital & Investment Metrics	-	-	-
Invested Capital	1,123	751	798
Invested Capital Turnover	1.56	1.75	1.82
Increase / (Decrease) in Invested Capital	373	-47	91
Enterprise Value (EV)	1,174	943	884
Market Capitalization	666	827	696
Book Value per Share	$28.35	$29.23	$28.28
Tangible Book Value per Share	$3.38	$18.78	$17.50
Total Capital	1,192	807	861
Total Debt	562	156	240
Total Long-Term Debt	535	151	185
Net Debt	493	100	177
Capital Expenditures (CapEx)	44	29	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	468	412	473
Debt-free Net Working Capital (DFNWC)	513	445	494
Net Working Capital (NWC)	485	440	439
Net Nonoperating Expense (NNE)	31	37	22
Net Nonoperating Obligations (NNO)	493	100	177
Total Depreciation and Amortization (D&A)	33	30	29
Debt-free, Cash-free Net Working Capital to Revenue	31.98%	30.37%	34.49%
Debt-free Net Working Capital to Revenue	35.02%	32.76%	36.04%
Net Working Capital to Revenue	33.16%	32.39%	32.02%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.26	$1.57	$2.55
Adjusted Weighted Average Basic Shares Outstanding	21.80M	21.72M	21.68M
Adjusted Diluted Earnings per Share	$1.24	$1.54	$2.50
Adjusted Weighted Average Diluted Shares Outstanding	22.24M	22.16M	22.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.86M	21.92M	21.59M
Normalized Net Operating Profit after Tax (NOPAT)	65	74	79
Normalized NOPAT Margin	4.45%	5.44%	5.75%
Pre Tax Income Margin	5.05%	6.02%	7.17%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	6.48	7.15	10.26
NOPAT to Interest Expense	4.40	5.41	7.29
EBIT Less CapEx to Interest Expense	3.22	5.00	7.82
NOPAT Less CapEx to Interest Expense	1.15	3.25	4.85
Payout Ratios	-	-	-
Dividend Payout Ratio	97.23%	75.29%	42.26%
Augmented Payout Ratio	133.85%	75.29%	95.76%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.09%	3.33%	10.41%	1.03%	-5.66%	1.32%	-1.76%	1.61%	-0.54%	2.99%
EBITDA Growth	-11.19%	9.27%	-1.50%	-18.87%	-25.77%	4.10%	-4.63%	-20.37%	-28.93%	-8.99%
EBIT Growth	-41.03%	7.47%	-2.84%	-26.38%	-39.16%	4.01%	-6.17%	-26.06%	-38.58%	-10.66%
NOPAT Growth	-465.57%	4.78%	-7.50%	-29.00%	-12.39%	6.38%	-2.60%	-23.06%	-39.67%	-14.84%
Net Income Growth	-130.93%	-39.23%	89.47%	-24.81%	-17.77%	-24.45%	-52.18%	-38.49%	-57.89%	-63.02%
EPS Growth	-131.03%	-43.33%	87.80%	-27.78%	-21.62%	-25.00%	-52.33%	-37.93%	-55.42%	-62.62%
Operating Cash Flow Growth	-113.26%	-5.54%	-40.52%	-123.64%	-76.29%	370.96%	593.15%	80.34%	646.06%	-64.53%
Free Cash Flow Firm Growth	-812.50%	586.17%	423.65%	217.34%	172.45%	111.62%	83.93%	66.16%	57.33%	-11.92%
Invested Capital Growth	49.65%	-10.10%	-6.09%	-9.51%	-5.92%	1.23%	5.15%	12.17%	12.93%	25.11%
Revenue Q/Q Growth	-14.00%	2.42%	17.63%	13.98%	-24.76%	9.44%	7.64%	6.43%	-19.19%	6.11%
EBITDA Q/Q Growth	-68.23%	38.84%	51.46%	32.93%	-60.91%	25.15%	24.75%	21.63%	-45.18%	14.66%
EBIT Q/Q Growth	-85.71%	44.45%	76.09%	62.27%	-73.96%	30.59%	33.42%	34.11%	-55.49%	17.80%
NOPAT Q/Q Growth	-237.12%	47.35%	70.89%	5.87%	-60.70%	30.09%	31.16%	30.66%	-52.28%	19.10%
Net Income Q/Q Growth	-149.11%	-76.53%	93.63%	38.61%	-3.51%	-26.83%	-23.17%	51.58%	-11.35%	-53.68%
EPS Q/Q Growth	-152.94%	-77.92%	97.44%	34.48%	-3.33%	-26.83%	-24.07%	45.95%	-7.50%	-53.49%
Operating Cash Flow Q/Q Growth	-101.71%	148.30%	177.82%	-502.18%	-87.85%	56.36%	392.59%	-142.64%	141.42%	130.13%
Free Cash Flow Firm Q/Q Growth	-468.34%	56.25%	-26.46%	68.34%	254.73%	173.70%	73.34%	-3.94%	43.10%	-1.88%
Invested Capital Q/Q Growth	50.55%	-7.98%	-0.91%	9.01%	-9.56%	-3.88%	-4.52%	13.34%	-2.68%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.41%	30.40%	28.59%	27.01%	28.04%	29.70%	28.68%	27.82%	29.06%	28.00%
EBITDA Margin	4.45%	12.04%	8.88%	6.90%	5.91%	11.38%	9.96%	8.59%	7.52%	11.08%
Operating Margin	1.13%	9.30%	6.41%	4.41%	3.42%	9.01%	7.70%	6.32%	5.10%	8.81%
EBIT Margin	1.63%	9.84%	6.97%	4.66%	3.27%	9.46%	7.92%	6.39%	5.07%	9.21%
Profit (Net Income) Margin	-0.58%	1.02%	4.47%	2.71%	2.23%	1.74%	2.60%	3.65%	2.56%	2.33%
Tax Burden Percent	-3,235.48%	11.31%	71.24%	67.24%	92.75%	20.42%	37.20%	69.89%	69.79%	28.27%
Interest Burden Percent	1.11%	91.99%	89.88%	86.61%	73.50%	90.09%	88.27%	81.58%	72.28%	89.59%
Effective Tax Rate	1,075.81%	25.65%	25.00%	24.99%	-4.12%	24.29%	25.46%	25.55%	24.77%	26.31%
Return on Invested Capital (ROIC)	-17.23%	12.39%	8.03%	5.23%	6.25%	11.37%	9.34%	7.58%	7.00%	12.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.13%	-4.60%	7.33%	4.32%	3.45%	1.40%	4.20%	6.05%	4.09%	0.66%
Return on Net Nonoperating Assets (RNNOA)	-2.37%	-0.98%	2.15%	1.46%	0.75%	0.44%	1.45%	2.19%	0.90%	0.15%
Return on Equity (ROE)	-19.60%	11.40%	10.18%	6.69%	7.00%	11.81%	10.78%	9.77%	7.89%	12.25%
Cash Return on Invested Capital (CROIC)	-33.42%	19.14%	14.14%	17.80%	15.38%	7.73%	3.56%	-2.96%	-1.85%	-10.74%
Operating Return on Assets (OROA)	1.54%	10.47%	7.29%	4.75%	3.49%	9.94%	8.26%	6.69%	5.68%	10.06%
Return on Assets (ROA)	-0.55%	1.09%	4.67%	2.77%	2.38%	1.83%	2.71%	3.82%	2.86%	2.55%
Return on Common Equity (ROCE)	-19.14%	11.13%	9.98%	6.55%	6.85%	11.56%	10.60%	9.60%	7.75%	12.14%
Return on Equity Simple (ROE_SIMPLE)	0.00%	5.79%	6.19%	4.91%	0.00%	5.68%	6.02%	7.71%	0.00%	11.06%
Net Operating Profit after Tax (NOPAT)	-38	28	19	11	10	26	20	15	12	25
NOPAT Margin	-11.03%	6.92%	4.81%	3.31%	3.56%	6.82%	5.74%	4.71%	3.84%	6.50%
Net Nonoperating Expense Percent (NNEP)	-12.10%	16.99%	0.70%	0.91%	2.80%	9.97%	5.13%	1.53%	2.91%	11.44%
Return On Investment Capital (ROIC_SIMPLE)	-3.18%	-	-	-	1.28%	-	-	-	1.37%	-
Cost of Revenue to Revenue	70.59%	69.60%	71.41%	72.99%	71.96%	70.30%	71.32%	72.18%	70.94%	72.00%
SG&A Expenses to Revenue	27.75%	20.34%	21.52%	22.55%	24.19%	20.65%	20.91%	21.23%	23.39%	19.19%
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	28.28%	21.10%	22.18%	22.60%	24.62%	20.69%	20.98%	21.50%	23.96%	19.19%
Earnings before Interest and Taxes (EBIT)	5.61	39	27	15	9.51	37	28	21	16	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	48	35	23	17	44	35	28	23	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.13	0.94	1.12	1.30	1.12	1.24	1.22	1.14	1.09
Price to Tangible Book Value (P/TBV)	9.08	1.72	1.43	1.73	2.03	1.76	1.94	1.94	1.84	1.77
Price to Revenue (P/Rev)	0.46	0.51	0.43	0.53	0.61	0.51	0.57	0.55	0.51	0.48
Price to Earnings (P/E)	24.23	19.95	15.37	23.04	24.23	19.80	20.61	15.85	12.57	9.87
Dividend Yield	3.78%	3.49%	4.22%	3.52%	3.05%	3.51%	3.11%	3.13%	3.35%	3.48%
Earnings Yield	4.13%	5.01%	6.51%	4.34%	4.13%	5.05%	4.85%	6.31%	7.95%	10.13%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.11	0.95	1.09	1.26	1.09	1.17	1.15	1.11	1.07
Enterprise Value to Revenue (EV/Rev)	0.80	0.59	0.55	0.66	0.69	0.66	0.74	0.76	0.64	0.64
Enterprise Value to EBITDA (EV/EBITDA)	9.71	6.75	6.49	7.50	7.57	6.95	7.87	7.98	6.42	5.94
Enterprise Value to EBIT (EV/EBIT)	13.41	9.06	8.68	10.00	9.92	8.96	10.16	10.25	8.11	7.35
Enterprise Value to NOPAT (EV/NOPAT)	19.72	12.37	11.71	13.29	13.12	12.27	14.02	14.29	11.41	10.24
Enterprise Value to Operating Cash Flow (EV/OCF)	15.30	9.25	8.12	7.52	6.54	5.01	9.45	18.58	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.49	6.51	5.83	7.92	14.21	33.82	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.89	0.22	0.32	0.33	0.24	0.37	0.45	0.53	0.39	0.44
Long-Term Debt to Equity	0.85	0.21	0.31	0.32	0.23	0.28	0.36	0.44	0.30	0.35
Financial Leverage	0.46	0.21	0.29	0.34	0.22	0.31	0.34	0.36	0.22	0.23
Leverage Ratio	2.43	2.04	2.07	2.07	2.00	2.09	2.10	2.10	1.99	2.10
Compound Leverage Factor	0.03	1.88	1.86	1.80	1.47	1.88	1.85	1.71	1.44	1.88
Debt to Total Capital	47.16%	17.94%	24.14%	24.70%	19.36%	26.76%	30.98%	34.85%	27.84%	30.63%
Short-Term Debt to Total Capital	2.27%	0.34%	0.58%	0.58%	0.62%	5.95%	6.33%	5.93%	6.39%	6.61%
Long-Term Debt to Total Capital	44.88%	17.60%	23.55%	24.12%	18.73%	20.81%	24.65%	28.92%	21.45%	24.02%
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	1.20%	1.83%	1.66%	1.84%	1.96%	1.83%	1.16%	1.14%	1.28%	1.25%
Common Equity to Total Capital	51.64%	80.23%	74.20%	73.46%	78.69%	71.42%	67.86%	64.01%	70.88%	68.12%
Debt to EBITDA	4.65	1.16	1.75	1.80	1.25	1.81	2.23	2.59	1.74	1.83
Net Debt to EBITDA	4.08	0.75	1.32	1.37	0.80	1.41	1.73	2.08	1.28	1.42
Long-Term Debt to EBITDA	4.43	1.14	1.71	1.76	1.21	1.41	1.78	2.15	1.34	1.44
Debt to NOPAT	9.45	2.13	3.17	3.19	2.17	3.19	3.98	4.65	3.09	3.16
Net Debt to NOPAT	8.29	1.38	2.38	2.42	1.39	2.50	3.09	3.73	2.28	2.45
Long-Term Debt to NOPAT	8.99	2.09	3.09	3.12	2.10	2.48	3.17	3.86	2.38	2.48
Altman Z-Score	1.92	2.76	2.60	2.70	2.88	2.77	2.85	2.80	2.84	2.69
Noncontrolling Interest Sharing Ratio	2.35%	2.37%	1.93%	2.10%	2.11%	2.16%	1.74%	1.76%	1.79%	0.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.11	2.25	2.46	2.66	2.45	2.04	2.26	2.50	2.36	2.22
Quick Ratio	0.58	0.69	0.80	0.77	0.63	0.63	0.69	0.73	0.58	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-410	111	71	97	58	16	-22	-83	-80	-140
Operating Cash Flow to CapEx	-15.25%	789.09%	276.76%	-453.26%	106.67%	1,104.17%	1,162.75%	-468.53%	742.48%	315.41%
Free Cash Flow to Firm to Interest Expense	-73.99	35.43	25.92	46.92	22.85	4.49	-6.71	-21.40	-18.34	-38.22
Operating Cash Flow to Interest Expense	-0.27	28.09	12.93	-22.12	4.51	25.83	18.22	-5.29	11.06	5.43
Operating Cash Flow Less CapEx to Interest Expense	-2.05	24.53	8.26	-27.00	0.28	23.49	16.65	-6.42	9.57	3.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	1.06	1.05	1.02	1.07	1.05	1.04	1.05	1.12	1.09
Accounts Receivable Turnover	7.89	6.64	6.11	6.57	8.28	6.27	6.12	6.32	7.88	6.04
Inventory Turnover	1.78	1.97	1.92	1.80	1.81	1.85	1.80	1.81	1.90	2.00
Fixed Asset Turnover	10.07	11.22	11.68	11.74	11.86	12.67	12.90	13.11	13.07	13.40
Accounts Payable Turnover	8.15	9.34	10.02	10.12	9.86	9.45	8.37	8.50	8.74	8.52
Days Sales Outstanding (DSO)	46.25	54.98	59.70	55.59	44.06	58.17	59.62	57.80	46.33	60.44
Days Inventory Outstanding (DIO)	204.58	185.24	190.52	202.50	202.13	197.15	202.93	202.03	191.75	182.86
Days Payable Outstanding (DPO)	44.81	39.07	36.41	36.08	37.03	38.62	43.63	42.96	41.77	42.82
Cash Conversion Cycle (CCC)	206.02	201.15	213.81	222.01	209.16	216.70	218.91	216.87	196.31	200.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,123	746	811	818	751	830	863	904	798	820
Invested Capital Turnover	1.56	1.79	1.67	1.58	1.75	1.67	1.63	1.61	1.82	1.86
Increase / (Decrease) in Invested Capital	373	-84	-53	-86	-47	10	42	98	91	165
Enterprise Value (EV)	1,174	828	770	895	943	906	1,013	1,040	884	873
Market Capitalization	666	721	599	715	827	706	780	758	696	653
Book Value per Share	$28.35	$29.42	$29.34	$29.15	$29.23	$28.97	$29.06	$28.79	$28.28	$28.00
Tangible Book Value per Share	$3.38	$19.26	$19.16	$18.91	$18.78	$18.44	$18.50	$18.11	$17.50	$17.23
Total Capital	1,192	796	863	870	807	881	928	971	861	880
Total Debt	562	143	208	215	156	236	287	338	240	270
Total Long-Term Debt	535	140	203	210	151	183	229	281	185	211
Net Debt	493	93	156	163	100	184	223	272	177	209
Capital Expenditures (CapEx)	9.88	11	13	10	11	8.47	5.14	4.36	6.46	6.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	468	417	463	475	412	413	475	516	473	496
Debt-free Net Working Capital (DFNWC)	513	443	490	502	445	441	498	540	494	514
Net Working Capital (NWC)	485	441	484	497	440	389	439	482	439	456
Net Nonoperating Expense (NNE)	-36	24	1.33	1.98	3.87	20	11	3.49	3.93	16
Net Nonoperating Obligations (NNO)	493	93	156	163	100	184	223	272	177	209
Total Depreciation and Amortization (D&A)	9.66	8.80	7.44	7.42	7.68	7.45	7.17	7.21	7.53	7.13
Debt-free, Cash-free Net Working Capital to Revenue	31.98%	29.55%	33.14%	34.89%	30.37%	30.02%	34.66%	37.46%	34.49%	36.14%
Debt-free Net Working Capital to Revenue	35.02%	31.42%	35.01%	36.89%	32.76%	32.09%	36.34%	39.22%	36.04%	37.42%
Net Working Capital to Revenue	33.16%	31.23%	34.65%	36.52%	32.39%	28.28%	32.06%	35.03%	32.02%	33.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	$0.18	$0.78	$0.40	$0.29	$0.31	$0.42	$0.55	$0.38	$0.41
Adjusted Weighted Average Basic Shares Outstanding	21.80M	21.72M	21.77M	21.92M	21.72M	21.73M	21.69M	21.61M	21.68M	21.43M
Adjusted Diluted Earnings per Share	($0.09)	$0.17	$0.77	$0.39	$0.29	$0.30	$0.41	$0.54	$0.37	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	22.24M	22.15M	22.19M	22.37M	22.16M	22.25M	22.18M	22.10M	22.14M	21.85M
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	21.86M	21.72M	21.71M	21.81M	21.92M	21.73M	21.73M	21.67M	21.59M	21.57M
Normalized Net Operating Profit after Tax (NOPAT)	4.04	30	21	11	7.84	26	20	16	13	25
Normalized NOPAT Margin	1.18%	7.48%	5.30%	3.35%	2.70%	6.85%	5.80%	4.92%	4.29%	6.50%
Pre Tax Income Margin	0.02%	9.05%	6.27%	4.03%	2.41%	8.52%	6.99%	5.22%	3.67%	8.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.01	12.49	9.88	7.47	3.77	10.09	8.52	5.43	3.61	9.61
NOPAT to Interest Expense	-6.82	8.78	6.81	5.30	4.11	7.28	6.17	4.00	2.73	6.78
EBIT Less CapEx to Interest Expense	-0.77	8.93	5.21	2.59	-0.45	7.75	6.96	4.30	2.12	7.89
NOPAT Less CapEx to Interest Expense	-8.61	5.22	2.14	0.43	-0.12	4.94	4.60	2.87	1.24	5.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	97.23%	72.95%	66.59%	82.83%	75.29%	69.72%	64.34%	49.54%	42.26%	35.67%
Augmented Payout Ratio	133.85%	101.10%	92.87%	89.95%	75.29%	69.72%	75.02%	97.79%	95.76%	80.94%

Frequently Asked Questions About Standard Motor Products' Financials

When does Standard Motor Products's financial year end?

According to the most recent income statement we have on file, Standard Motor Products' fiscal year ends in December. Their fiscal 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. Find out what analysts predict for Standard Motor Products in the coming months.

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%.

Related Companies

This page (NYSE:SMP) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Standard Motor Products (SMP) Financials

Frequently Asked Questions About Standard Motor Products' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Standard Motor Products (SMP) Financials

Annual Income Statements for Standard Motor Products

Quarterly Income Statements for Standard Motor Products

Annual Cash Flow Statements for Standard Motor Products

Quarterly Cash Flow Statements for Standard Motor Products

Annual Balance Sheets for Standard Motor Products

Quarterly Balance Sheets for Standard Motor Products

Annual Metrics And Ratios for Standard Motor Products

Quarterly Metrics And Ratios for Standard Motor Products

Frequently Asked Questions About Standard Motor Products' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools