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Simpson Manufacturing Co., Inc.

SSD

Simpson Manufacturing Co., Inc. • NYSE
$167.38 ▼ -0.48% (-0.81)
Market Cap $6.94 B
52w High $197.82
52w Low $137.35
Dividend Yield 1.14%
P/E 20.36
Volume 87.58K
Outstanding Shares 41.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $623.513M ▼ $148.519M ▼ $107.444M ▲ 17.232% ▲ $2.59 ▲ $166.836M ▲
Q2-2025 $631.055M ▲ $154.398M ▲ $103.541M ▲ 16.408% ▲ $2.48 ▲ $160.45M ▲
Q1-2025 $538.895M ▲ $149.669M ▼ $77.884M ▲ 14.453% ▲ $1.86 ▲ $125.662M ▼
Q4-2024 $517.429M ▼ $150.019M ▲ $55.458M ▼ 10.718% ▼ $1.32 ▼ $136.294M ▼
Q3-2024 $587.153M $148.872M $93.519M 15.928% $2.22 $148.605M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $297.304M ▲ $3.045B ▲ $1.032B ▲ $2.013B ▲
Q2-2025 $190.4M ▲ $2.964B ▲ $1.025B ▲ $1.94B ▲
Q1-2025 $150.29M ▼ $2.823B ▲ $952.438M ▲ $1.871B ▲
Q4-2024 $239.371M ▼ $2.736B ▼ $923.034M ▼ $1.813B ▼
Q3-2024 $339.427M $2.897B $1.034B $1.863B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $107.444M ▲ $170.194M ▲ $-15.961M ▲ $-47.524M ▲ $106.904M ▲ $133.92M ▲
Q2-2025 $103.541M ▲ $125.215M ▲ $-40.466M ▲ $-52.785M ▼ $40.11M ▲ $87.311M ▲
Q1-2025 $77.884M ▲ $7.563M ▼ $-50.102M ▲ $-42.832M ▲ $-89.081M ▲ $-42.602M ▼
Q4-2024 $55.444M ▼ $115.795M ▲ $-57.144M ▲ $-150.432M ▼ $-100.056M ▼ $60.286M ▲
Q3-2024 $93.519M $103.279M $-106.429M $-17.919M $-15.424M $58.053M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Concrete Construction
Concrete Construction
 $80.00M ▲$80.00M ▲$90.00M ▲$100.00M ▲
Other Products
Other Products
 $0 ▲$0 ▲$0 ▲$0 ▲
Wood Construction
Wood Construction
 $450.00M ▲$460.00M ▲$540.00M ▲$520.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Simpson Manufacturing’s income statement shows a business that has grown meaningfully over the last five years and now operates at solid profitability levels. Sales have climbed steadily from early in the period and are now much higher than they were before the pandemic, though growth has flattened over the last two years. Profit margins look healthy: the company keeps a strong share of revenue after production costs, and operating profits have risen over time even as costs like labor and materials have moved around. Earnings per share are well above where they were five years ago, although they have eased slightly from a recent peak, suggesting the business is solidly profitable but not currently in a breakout growth phase. Overall, this is the profile of a mature, well‑run industrial company with resilient earnings rather than a highly volatile one.

Balance Sheet

Balance Sheet The balance sheet looks conservative and robust. Total assets and shareholder equity have expanded steadily, reflecting retained profits and investments in the business. Debt increased a few years ago, likely tied to acquisitions or larger growth projects, but remains quite manageable relative to the size of the company and its earnings power. Cash levels are healthy, though somewhat lower in the most recent year, which is consistent with a company choosing to invest more aggressively rather than simply letting cash accumulate. In simple terms, Simpson appears to have a strong financial foundation, with ample equity, moderate leverage, and no obvious signs of balance sheet strain.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has grown over the period and comfortably covers both investment needs and other corporate uses. Free cash flow has remained positive every year, even when business conditions were tougher, which signals a resilient, cash‑rich model. The most recent year shows higher spending on capital projects, which has pulled free cash flow down from its recent peak. That aligns with management’s stated plans to expand manufacturing capacity and digital capabilities. The key takeaway: Simpson consistently converts profits into cash and is using that cash to build out future capacity rather than simply sitting on it.

Competitive Edge

Competitive Edge Simpson benefits from a deep and durable competitive moat in the construction hardware niche. Its Strong‑Tie brand is widely trusted by builders, engineers, and inspectors, which makes it hard for new entrants to displace. The company offers a very broad catalog of connectors, fasteners, shearwalls, and related products, giving customers a one‑stop solution and embedding Simpson products into building designs and codes. Strong technical sales support, engineering assistance, and testing capabilities further differentiate it from more commodity‑type competitors. Fast, reliable distribution and close relationships with key distributors and OEM partners strengthen this position. The main structural risk is exposure to construction cycles: when building activity slows, even a strong competitor can see demand soften. Still, within its niche, Simpson operates from a position of notable strength.

Innovation and R&D

Innovation and R&D Innovation is a core part of Simpson’s identity and a key reason its moat has held up over time. The company runs a sophisticated research lab that can test full structural systems, letting it design and validate products for real‑world conditions rather than just on paper. It has led in areas like corrosion‑resistant hardware, prefabricated shearwalls, and advanced fastening systems that improve both safety and installation efficiency. In recent years, Simpson has leaned more into software and digital tools, aiming to tie its physical products to design and modeling platforms used by engineers and truss designers. Acquisitions like the iStruct software business and the Etanco fastening group in Europe extend both its product and technology footprint. The opportunity is to deepen customer lock‑in and tap growth segments like off‑site and modular construction, though the payoff from these digital and capacity investments will depend on execution and adoption over time.

Summary

Putting it all together, Simpson Manufacturing looks like a financially sound, well‑positioned industrial company anchored by a strong brand and long product history in construction hardware. The business has grown meaningfully compared with five years ago, generates solid margins, and consistently produces cash, while maintaining a conservative balance sheet. Recent years show a transition from purely harvesting profits to reinvesting more heavily in plants, equipment, and digital platforms, which may dampen near‑term free cash flow but could support future growth and efficiency. Key things to watch include the pace of revenue growth in a cyclical construction market, the returns on its capacity and software investments, and how effectively it integrates and scales its European and OEM initiatives. Overall, the profile is one of steady, quality‑oriented execution with moderate, innovation‑driven growth ambitions rather than high‑risk, high‑volatility expansion.

NEWS

November 4, 2025 · 9:00 AM UTC

Simpson Manufacturing Co., Inc. Announces November Conference Participation

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October 30, 2025 · 6:00 PM UTC

Silicon Motion Announces Results for the Period Ended September 30, 2025

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October 27, 2025 · 4:15 PM UTC

Simpson Manufacturing Co., Inc. Announces 2025 Third Quarter Financial Results and Updates 2025 Guidance

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October 13, 2025 · 9:00 AM UTC

Simpson Manufacturing Co., Inc. to Announce Third Quarter 2025 Financial Results on Monday, October 27th

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September 11, 2025 · 9:00 AM UTC

Simpson Manufacturing Co., Inc. Announces Participation at the 24th Annual D.A. Davidson Diversified Industrials & Services Conference

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