Standard Motor Products, Inc.
Financial Performance
Standard Motor Products Revenue & Financials
Revenue
$1.8B (FY2025)
Market Cap
$854M
Net Income
$41.3M
Employees
6,500
What is Standard Motor Products's revenue?
Standard Motor Products had $1.8B in revenue for fiscal year 2025, up 22.4% from 2024. Net income was $41.3M.
- Latest revenue
- $1.8B (FY2025)
- Year-over-year
- +22.4%
- Growth rate (CAGR)
- 6% over 9 years
- Peak revenue
- $1.8B (FY2025)
- Years of data
- 10
- Employees
- 6,500
- What is Standard Motor Products's operating income?
- Standard Motor Products reported operating income of $136.5M for fiscal year 2025. sec.gov
- How much profit does Standard Motor Products make?
- Standard Motor Products reported net income of $41.3M for fiscal year 2025. sec.gov
- How many employees does Standard Motor Products have?
- Standard Motor Products has about 6,500 employees.
Financial Analysis
SMP grew net sales from $1.06 billion in 2016 to $1.79 billion in 2025, with the biggest jump (22.4%) coming in 2025, the first full year with Nissens. Excluding Nissens, 2025 sales grew about 4%. Continuing-operations earnings rose to $79.0 million in 2025 from $53.6 million in 2024. Reported net earnings are lower because of losses tied to discontinued operations (legacy asbestos liabilities). Management repaid debt through 2025, reaching net leverage of about 2.6x in Q3 2025 with a target of about 2.0x by the end of 2026, and in August 2026 kept its 2026 outlook of low- to mid-single-digit sales growth and an 11% to 12% adjusted EBITDA margin. Standard Motor Products, Inc. is a major American manufacturer and distributor of replacement parts for motor vehicles, operating reliably as an established small-cap company with a valuation near $700 million.
Revenue Trend Analysis
YoY Change
+22.4%
9-Year CAGR
+6%
Peak Year
2025
Trend
Mostly Growing
Standard Motor Products, Inc. has 10 full fiscal year figures on this page, compounding at +6% annually over 9 years. The most recent year saw a 22.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $1.8B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
Standard Motor Products, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $57.4M | $38.7M | $2B | $1.3B | $683.7M | $18.7M | Form 10-K |
| FY2024ended Dec 31, 2024 | $76.7M | $44M | $1.8B | $1.2B | $615.7M | $32.7M | Form 10-K |
| FY2023ended Dec 31, 2023 | $144.3M | $28.6M | $1.3B | $642.2M | $635.1M | $115.6M | Form 10-K |
| FY2022ended Dec 31, 2022 | -$27.5M | $26M | $1.3B | $633.9M | $610M | -$53.5M | Form 10-K |
| FY2021ended Dec 31, 2021 | $85.6M | $25.9M | $1.2B | $585.3M | $601.6M | $59.7M | Form 10-K |
| FY2020ended Dec 31, 2020 | $97.9M | $17.8M | $956.5M | $406.3M | $550.2M | $80.1M | Form 10-K |
| FY2019ended Dec 31, 2019 | $76.9M | $16.2M | $903.9M | $399.6M | $504.2M | $60.7M | Form 10-K |
| FY2018ended Dec 31, 2018 | $70.3M | $20.1M | $819.1M | $375.9M | $467.2M | $50.1M | Form 10-K |
| FY2017ended Dec 31, 2017 | $64.6M | $24.4M | $787.6M | $333.9M | $453.7M | $40.2M | Form 10-K |
| FY2016ended Dec 31, 2016 | $97.8M | $20.9M | $768.7M | $327.7M | $441M | $76.9M | Form 10-K |
Keep researching Standard Motor Products
Standard Motor Products Revenue and Financial FAQ
What is Standard Motor Products' typical annual consolidated revenue and profitability?
SMP generates approximately $1.35 billion to $1.45 billion in annual consolidated net sales, delivering adjusted EBITDA between $130 million and $155 million with steady operating profit margins typically ranging from 7% to 9%.
What is SMP's stock ticker symbol and exchange listing?
Standard Motor Products, Inc. is listed on the New York Stock Exchange under the ticker symbol SMP, where it has traded continuously for nearly five decades.
What was the financial structure of the $388 million Nissens acquisition in 2024?
In 2024, SMP funded the $388 million acquisition of Nissens Automotive through cash on hand and an expanded revolving credit facility with senior term loans, temporarily raising net leverage to roughly 2.5x to 2.8x EBITDA with a clear plan to deleverage rapidly from combined cash flows.
What are SMP's gross margins across its primary product divisions?
SMP achieves gross profit margins between 27% and 30%. Vehicle Control typically delivers higher margins (28% to 32%) due to proprietary electronic engineering, while Temperature Control and commoditized hardware deliver margins between 24% and 27%.
How long has Standard Motor Products paid consecutive shareholder dividends?
SMP has paid consecutive quarterly cash dividends to shareholders for more than 80 years (dating back to the 1940s) and has systematically increased its dividend per share over the past decade, yielding an attractive 2.8% to 3.5% annually with a conservative payout ratio below 40%.
How does working capital and inventory management impact SMP's cash flow?
Because maintaining 70,000+ SKUs requires extensive finished-goods inventory to guarantee same-day retail fill rates, working capital is SMP's largest asset. Management utilizes automated warehouse distribution centers to optimize inventory turns and generate $80 million to $110 million in annual operating cash flow.
What is SMP's annual capital expenditure (CapEx) requirement?
SMP operates a disciplined manufacturing model, requiring annual CapEx of just $25 million to $35 million (roughly 2.0% to 2.5% of net sales), allocated primarily to precision tooling, automated sensor calibration machinery, and ERP technology upgrades.
What is SMP's market capitalization and enterprise value?
SMP trades with a market capitalization between $700 million and $900 million USD and an enterprise value between $1.1 billion and $1.3 billion following the debt-financed Nissens Automotive acquisition.
Who are SMP's largest institutional shareholders?
Major institutional investors include BlackRock, The Vanguard Group, Dimensional Fund Advisors, Renaissance Technologies, and Royce & Associates, alongside significant insider equity ownership retained by the founding Sills family.
How does inflation in freight and raw materials affect SMP's financial results?
SMP experienced elevated copper, aluminum, and ocean container shipping costs during global supply disruptions. It successfully protected gross margins by implementing programmatic price increases across commercial retail catalog channels.
What was the revenue and margin contribution of Nissens Automotive?
Nissens Automotive adds over $260 million to $280 million in high-margin European aftermarket sales and roughly $35 million in EBITDA, creating significant revenue synergies by cross-selling SMP's electronic sensors into Nissens' European wholesale network.
What is management's long-term capital allocation priority?
Management prioritizes paying down debt incurred from the Nissens transaction to return net leverage below 2.0x EBITDA, funding modest internal sensor R&D, and returning capital to shareholders through regular dividends and opportunistic share buybacks.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Standard Motor Products Revenue & Financials." CorpDigest, https://corpdigest.com/company/standard-motor-products/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Standard Motor Products reported $1.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/standard-motor-products/financials" target="_blank" rel="noopener">CorpDigest — Standard Motor Products financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Standard Motor Products
Core profile pages, founders and related research hubs for this company.