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SMP

Standard Motor Products, Inc.

SMP

Standard Motor Products, Inc. • NYSE
$37.54 ▼ -1.11% (-0.42)
Market Cap $825.81 M
52w High $42.13
52w Low $21.38
Dividend Yield 1.24%
P/E 12.23
Volume 45.27K
Outstanding Shares 22.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $498.836M ▲ $93.788M ▲ $29.837M ▲ 5.981% ▲ $1.357 ▲ $60.197M ▲
Q2-2025 $493.853M ▲ $90.62M ▲ $26.3M ▲ 5.325% ▲ $1.196 ▲ $55.193M ▲
Q1-2025 $413.379M ▲ $86.145M ▲ $13.705M ▲ 3.315% ▲ $0.626 ▲ $36.565M ▲
Q4-2024 $343.352M ▼ $78.982M ▲ $-796K ▼ -0.232% ▼ $-0.036 ▼ $14.501M ▼
Q3-2024 $399.265M $65.204M $26.581M 6.657% $1.224 $45.986M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $87.201M ▲ $2.028B ▲ $1.335B ▲ $677.412M ▼
Q2-2025 $58.792M ▲ $2.007B ▲ $1.304B ▲ $688.619M ▲
Q1-2025 $50.276M ▲ $1.926B ▲ $1.274B ▲ $637.961M ▲
Q4-2024 $44.426M ▲ $1.814B ▲ $1.184B ▲ $615.745M ▼
Q3-2024 $26.348M $1.351B $697.097M $638.833M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $29.837M ▲ $91.584M ▲ $-9.968M ▲ $-52.986M ▼ $28.409M ▲ $81.545M ▲
Q2-2025 $26.3M ▲ $54.317M ▲ $-10.114M ▼ $-39.884M ▼ $8.516M ▲ $44.154M ▲
Q1-2025 $13.705M ▲ $-60.22M ▼ $-6.209M ▲ $72.508M ▼ $5.85M ▼ $-69.352M ▼
Q4-2024 $-796K ▼ $-1.507M ▼ $-384.565M ▼ $397.216M ▲ $18.078M ▲ $-11.389M ▼
Q3-2024 $26.581M $88.339M $-11.195M $-76.14M $192K $77.144M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Engineered Solutions
Engineered Solutions
 $60.00M ▲$70.00M ▲$70.00M ▲$70.00M ▲
Temperature Control
Temperature Control
 $60.00M ▲$90.00M ▲$130.00M ▲$140.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been growing at a steady, healthy pace over the last several years, showing that demand for SMP’s products is holding up and even improving. Profitability, however, has been more uneven. Operating profit and cash-style earnings have stayed positive but have drifted down from their best levels, suggesting higher costs, integration expenses, or pricing pressure. Net income and earnings per share spiked earlier in the period and then stepped down, with a partial recovery more recently but still below prior peaks. Overall, this looks like a solid, growing business that has been working through margin pressure and normalization after a very strong period.

Balance Sheet

Balance Sheet The balance sheet has become larger and more complex, likely reflecting acquisitions such as Nissens. Total assets have grown meaningfully, and shareholders’ equity has inched up over time, which is a positive sign for the long term. On the other hand, debt has increased sharply in the most recent years, while cash on hand has stayed relatively modest. This points to a more leveraged capital structure than before, which can amplify both upside and downside. The company appears to have a reasonable equity base supporting its operations, but the higher debt load makes balance sheet discipline more important going forward.

Cash Flow

Cash Flow SMP generally generates positive cash from its operations, although there was a year where cash flow dipped into negative territory, likely due to working capital swings or temporary pressures. Free cash flow has usually been positive but not especially large relative to the size of the business, which means there is some, but not abundant, flexibility for debt repayment, acquisitions, and shareholder returns. Capital spending has been steady and moderate, indicating ongoing investment in the business without being overly aggressive. Recent cash flow has been weaker than the strongest years, so the key watch point is whether improved earnings can be consistently converted into cash.

Competitive Edge

Competitive Edge SMP holds a strong position in the automotive aftermarket, supported by long-established brands, a reputation for quality, and deep relationships with major parts retailers and distributors. Its broad product catalog and ability to serve many makes and models make it a convenient one-stop supplier, which is hard for smaller rivals to match. Vertical integration and significant North American manufacturing help with quality control and supply reliability. The acquisitions, especially Nissens, extend SMP’s reach in thermal management and strengthen its footprint in Europe. Risks include intense competition in auto parts, sensitivity to vehicle trends, and the need to keep up with rapid changes in electronics and emissions technology, but the company’s scale and brand strength provide a meaningful moat.

Innovation and R&D

Innovation and R&D Innovation at SMP is tightly linked to real-world vehicle needs rather than flashy concepts. The company focuses on sophisticated, durable components for engine management, temperature control, sensors, and emissions systems, often redesigning parts to be better than the original. Acquisitions have been used as a tool to upgrade technology, particularly in thermal management and emissions sensors. A notable strategic choice is its emphasis on “powertrain-neutral” parts that work across gasoline, diesel, hybrid, and electric vehicles, helping cushion the risk of any one technology winning out. SMP is also pushing into areas tied to EVs and advanced driver-assistance systems through sensors and thermal systems. The main uncertainty is execution: integrating acquisitions smoothly, keeping R&D targeted, and moving quickly enough as vehicles become more electronic and software-driven.

Summary

Standard Motor Products looks like a mature, well-established auto parts company that has been steadily growing its sales while navigating cost pressures and industry changes. Its income statement shows solid top-line growth with profits that have come down from prior highs but remain positive. The balance sheet has grown due to acquisitions and now carries more debt, which adds financial risk but also reflects an attempt to scale and modernize the business. Cash generation has usually been positive but is not extremely robust, making ongoing discipline around working capital and investment important. Strategically, SMP appears to have real strengths: trusted brands, broad distribution, wide product coverage, in-house manufacturing, and a thoughtful push into powertrain-neutral components, EV-related thermal systems, and sensors. The acquisitions, particularly Nissens, deepen its technology and geographic reach but also create integration and leverage considerations. Overall, SMP comes across as a quality-focused aftermarket supplier working to evolve with the industry, with clear opportunities in newer vehicle technologies but also clear execution and margin challenges to manage.

NEWS

October 31, 2025 · 8:30 AM UTC

Standard Motor Products, Inc. Releases Third Quarter 2025 Results and Quarterly Dividend

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October 29, 2025 · 3:42 PM UTC

Standard Motor Products, Inc. Announces Third Quarter 2025 Earnings Conference Call

Read more