A Business at a Glance
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Simpson Manufacturing Co., Inc.
SSD
$8.1B
Mkt Cap
$193.88
+2.44%
Simpson Manufacturing Co., Inc. (SSD) has a current P/E ratio of 23.5, compared to its historical median P/E of 21.6. The stock is currently considered Fair based on its historical valuation range.
Simpson Manufacturing Co., Inc. (SSD) has a 5-year average return on invested capital (ROIC) of 20.1%. This indicates strong capital allocation and a potential competitive advantage.
Simpson Manufacturing Co., Inc. (SSD) has a market capitalization of $8.0B. It is classified as a mid-cap stock.
Yes, Simpson Manufacturing Co., Inc. (SSD) pays a dividend with a trailing twelve-month yield of 0.60%. The company also returns capital through share buybacks, with a buyback yield of 1.81%.
Based on historical P/E analysis, Simpson Manufacturing Co., Inc. (SSD) appears fair. The current P/E of 23.5 is 9% above its historical median of 21.6. The estimated fair value CAGR (P/E method) is 18.9%.
Simpson Manufacturing Co., Inc. (SSD) operates in the Cutlery, Handtools & General Hardware industry, within the Industrials sector.
Simpson Manufacturing Co., Inc., operating through Simpson Strong-Tie Company Inc., designs, engineers, and manufactures structural solutions for wood and concrete construction, serving residential, commercial, original equipment manufacturer (OEM), component manufacturer, and national retail markets primarily in North America and Europe. The company's product portfolio includes connectors, anchors, fasteners, lateral-force resisting systems, truss plates, adhesives, and repair and strengthening products, complemented by engineering services, digital tools, and design software that support product specification and adoption. Simpson operates a capital-efficient, manufacturing-based business model with high levels of automation and flexibility, maintaining inventory levels to enable 24–48 hour delivery to customers while minimizing backlog; the company manufactures and warehouses products in geographic proximity to its markets to ensure availability and facilitate rapid response to customer requests. The company's competitive moat derives from its long-standing Simpson Strong-Tie brand recognition, extensive code-listed products with rigorous testing and certification, deep relationships with engineers and building officials, eight state-of-the-art testing laboratories, and a commitment to field support, technical expertise, and trades education. North American operations focus on the United States and Canada, while international operations are predominantly located in Europe, with selective distribution in Canada, Mexico, Chile, Australia, and New Zealand.
【Market headwinds persist, pricing stabilizes】 Management expects the U.S. housing market to remain challenged in 2026, with housing starts projected to decline in the low single-digit range compared to 2025, while European markets are anticipated to experience flat to modest growth. The company's 2025 price increases, contributing approximately $130 million in annualized net sales, are expected to continue offsetting tariff-related cost pressures and material inflation, with management actively monitoring fuel costs and evaluating pricing strategies to preserve gross margins. Operating margin is targeted at 19.5%–20.5% for 2026, supported by ongoing productivity initiatives, cost savings from prior restructuring actions, and operational leverage from SG&A reductions, though gross margins are expected to be slightly lower due to tariffs and increased depreciation costs. Management remains focused on disciplined capital deployment, returning at least 35% of free cash flow to shareholders, and maintaining market share gains through innovation, customer engagement, and above-market volume growth despite the softer demand environment.
| Metric | Target | Period |
|---|---|---|
| Operating margin | 19.5%-20.5% | FY2026 |
| U.S. housing starts | down low single digits | 2026 |
| Europe market growth | flat to modest growth | 2026 |
| Annualized net sales contribution from 2025 price increases | approximately $130 million | 2026 |
| Footprint optimization costs in Europe | $3 million-$5 million | 2026 |
| Benefit from sale of vacant land | $10 million-$12 million | back half of 2026 |
| Effective tax rate | 25%-26% | FY2026 |
| Capital expenditures | $75 million-$85 million | FY2026 |
Operating margin (FY2026): “We continue to expect our consolidated operating margin to be in the range of 19.5%-20.5%.”
U.S. housing starts (2026): “we now believe 2026 housing starts in the United States will be down low single digits compared to 2025”
Europe market growth (2026): “in Europe, we expect flat to modest growth in the market for 2026”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.3B | 2.2B | 2.2B | 2.1B | 1.6B |
| Net Income | 355M | 345M | 322M | 354M | 334M | 266M |
| EPS | $8.53 | $8.24 | $7.60 | $8.26 | $7.76 | $6.12 |
| Free Cash Flow | 358M | 298M | 158M | 338M | 337M | 108M |
| ROIC | 14.8% | 14.3% | 13.9% | 16.3% | 22.3% | 33.4% |
| Gross Margin | 45.5% | 45.9% | 45.9% | 47.1% | 44.5% | 48.0% |
| Debt/Equity | 0.32 | 0.39 | 0.48 | 0.57 | 0.76 | 0.04 |
| Dividends/Share | $1.16 | $1.15 | $1.11 | $1.07 | $1.03 | $0.98 |
| Operating Income | 470M | 458M | 430M | 475M | 459M | 368M |
| Operating Margin | 19.7% | 19.6% | 19.3% | 21.5% | 21.7% | 23.4% |
| ROE | 17.3% | 18.0% | 18.5% | 22.9% | 25.7% | 24.6% |
| Shares Outstanding | 41M | 42M | 42M | 43M | 43M | 44M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 752M | 794M | 861M | 977M | 1.1B | 1.1B | 1.3B | 1.6B | 2.1B | 2.2B | 2.2B | 2.3B | 2.4B |
| Gross Margin | 45.5% | 45.2% | 47.6% | 45.4% | 44.5% | 43.3% | 45.5% | 48.0% | 44.5% | 47.1% | 45.9% | 45.9% | 45.5% |
| R&D | 11M | 12M | 11M | 11M | 11M | 11M | 10M | 12M | 16M | 25M | 21M | 12M | 12M |
| SG&A | 112M | 113M | 125M | 143M | 159M | 157M | 161M | 193M | 228M | 272M | 293M | 322M | 324M |
| EBIT | 99M | 109M | 141M | 138M | 173M | 181M | 252M | 368M | 459M | 475M | 430M | 458M | 470M |
| Op. Margin | 13.2% | 13.7% | 16.4% | 14.2% | 16.0% | 15.9% | 19.9% | 23.4% | 21.7% | 21.5% | 19.3% | 19.6% | 19.7% |
| Net Income | 64M | 68M | 90M | 93M | 127M | 134M | 187M | 266M | 334M | 354M | 322M | 345M | 355M |
| Net Margin | 8.4% | 8.5% | 10.4% | 9.5% | 11.7% | 11.8% | 14.7% | 16.9% | 15.8% | 16.0% | 14.4% | 14.8% | 14.9% |
| Non-Recurring | 855K | 3.3M | 1.7M | 160K | 17M | 6.0M | 332K | 324K | 1.3M | 276K | 1.2M | 21M | 21M |
| Returns on Capital | |||||||||||||
| ROIC | 10.6% | 11.4% | 14.8% | 13.0% | 17.9% | 19.5% | 26.7% | 33.4% | 22.3% | 16.3% | 13.9% | 14.3% | 14.8% |
| ROE | 7.5% | 7.9% | 10.5% | 10.6% | 14.6% | 15.3% | 20.0% | 24.6% | 25.7% | 22.9% | 18.5% | 18.0% | 17.3% |
| ROA | 6.6% | 7.0% | 9.2% | 9.2% | 12.3% | 12.7% | 16.1% | 19.6% | 16.7% | 13.6% | 11.8% | 11.9% | 11.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 67M | 118M | 99M | 119M | 160M | 206M | 208M | 151M | 400M | 427M | 338M | 459M | 487M |
| Free Cash Flow | 44M | 84M | 57M | 61M | 131M | 173M | 175M | 108M | 337M | 338M | 158M | 298M | 358M |
| Owner Earnings | 26M | 79M | 57M | 71M | 110M | 157M | 155M | 91M | 324M | 328M | 234M | 346M | 369M |
| CapEx | 24M | 34M | 42M | 58M | 29M | 33M | 33M | 44M | 62M | 89M | 180M | 161M | 129M |
| Maint. CapEx | 28M | 27M | 28M | 34M | 39M | 38M | 39M | 42M | 61M | 75M | 85M | 90M | 97M |
| Growth CapEx | 0 | 7.4M | 14M | 24M | 0 | 0 | 0 | 1.3M | 1.5M | 14M | 95M | 71M | 32M |
| D&A | 28M | 27M | 28M | 34M | 39M | 38M | 39M | 42M | 61M | 75M | 85M | 90M | 97M |
| CapEx/OCF | 35.3% | 29.9% | 42.4% | 48.7% | 18.3% | 18.2% | 15.7% | 28.9% | 15.6% | 20.8% | 53.3% | 35.1% | 26.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 26M | 29M | 33M | 37M | 40M | 40M | 40M | 42M | 44M | 45M | 47M | 48M | 48M |
| Dividend Yield | 1.8% | 1.9% | 1.9% | 1.8% | 1.5% | 1.4% | 1.1% | 0.9% | 1.0% | 0.8% | 0.6% | 0.7% | 0.6% |
| Share Buybacks | 3.0M | 47M | 54M | 70M | 111M | 61M | 76M | 24M | 79M | 50M | 100M | 120M | 145M |
| Buyback Yield | 0.2% | 3.1% | 2.8% | 2.8% | 4.7% | 1.8% | 2.0% | 0.4% | 2.1% | 0.6% | 1.4% | 1.7% | 1.8% |
| Stock-Based Comp | 13M | 12M | 14M | 14M | 11M | 10M | 14M | 18M | 15M | 24M | 19M | 23M | 21M |
| Debt Repayment | 77K | 17K | 0 | 354K | 968K | 0 | 712K | 819K | 6.8M | 0 | 0 | 2.0M | 2.0M |
| Balance Sheet | |||||||||||||
| Net Debt | -260M | -259M | -227M | -164M | -157M | -193M | -228M | -255M | 768M | 532M | 629M | 403M | 322M |
| Cash & Equiv. | 260M | 259M | 227M | 169M | 160M | 230M | 275M | 301M | 301M | 430M | 239M | 384M | 341M |
| Long-Term Debt | 18K | 0 | N/A | 2.6M | 1.6M | 386K | 0 | 0 | 433M | 411M | 388M | 300M | 296M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.04 | 0.76 | 0.57 | 0.48 | 0.39 | 0.32 |
| Interest Coverage | 116.1 | 109.3 | 123.1 | 117.5 | 162.2 | 89.4 | 110.5 | 432.7 | 57.2 | 105.9 | 189.3 | 50.8 | 50.8 |
| Equity | 863M | 850M | 866M | 885M | 856M | 892M | 981M | 1.2B | 1.4B | 1.7B | 1.8B | 2.0B | 2.1B |
| Total Assets | 973M | 961M | 980M | 1.0B | 1.0B | 1.1B | 1.2B | 1.5B | 2.5B | 2.7B | 2.7B | 3.1B | 3.0B |
| Total Liabilities | 110M | 111M | 114M | 153M | 166M | 203M | 252M | 300M | 1.1B | 1.0B | 923M | 1.0B | 978M |
| Intangibles | 33M | 28M | 23M | 29M | 24M | 25M | 27M | 26M | 363M | 365M | 375M | 388M | 373M |
| Retained Earnings | 649M | 640M | 642M | 677M | 628M | 646M | 720M | 907M | 1.1B | 1.4B | 1.6B | 1.8B | 1.8B |
| Working Capital | 510M | 494M | 476M | 447M | 448M | 482M | 559M | 754M | 831M | 951M | 810M | 971M | 957M |
| Current Assets | 604M | 589M | 585M | 584M | 600M | 641M | 753M | 999M | 1.2B | 1.3B | 1.2B | 1.4B | 1.4B |
| Current Liabilities | 94M | 95M | 109M | 136M | 152M | 159M | 194M | 245M | 349M | 361M | 366M | 382M | 399M |
| Per Share Data | |||||||||||||
| EPS | 1.29 | 1.38 | 1.86 | 1.94 | 2.72 | 2.98 | 4.27 | 6.12 | 7.76 | 8.26 | 7.60 | 8.24 | 8.53 |
| Owner EPS | 0.53 | 1.61 | 1.18 | 1.50 | 2.35 | 3.49 | 3.55 | 2.09 | 7.53 | 7.66 | 5.51 | 8.26 | 8.91 |
| Book Value | 17.53 | 17.27 | 17.95 | 18.53 | 18.38 | 19.84 | 22.40 | 27.20 | 32.84 | 39.20 | 42.58 | 48.47 | 49.77 |
| Cash Flow/Share | 1.36 | 2.40 | 2.05 | 2.49 | 3.44 | 4.57 | 4.74 | 3.48 | 9.29 | 9.96 | 7.98 | 10.95 | 10.92 |
| Dividends/Share | 0.55 | 0.62 | 0.70 | 0.81 | 0.87 | 0.91 | 0.92 | 0.98 | 1.03 | 1.07 | 1.11 | 1.15 | 1.16 |
| Shares Out. | 49.2M | 49.2M | 48.2M | 47.7M | 46.6M | 45.0M | 43.8M | 43.5M | 43.0M | 42.9M | 42.4M | 41.9M | 41.4M |
| Valuation | |||||||||||||
| P/E Ratio | 23.7 | 22.3 | 21.5 | 27.4 | 18.4 | 25.6 | 20.9 | 21.7 | 11.1 | 24.0 | 21.8 | 20.3 | 22.7 |
| P/FCF | 34.6 | 18.1 | 33.9 | 41.6 | 17.9 | 19.8 | 22.3 | 53.8 | 11.0 | 25.1 | 44.4 | 23.5 | 22.4 |
| EV/EBIT | 9.9 | 9.2 | 10.6 | N/A | N/A | N/A | N/A | 14.1 | 6.9 | 16.2 | 15.3 | 13.7 | 17.7 |
| Price/Book | 1.7 | 1.8 | 2.2 | 2.9 | 2.7 | 3.8 | 4.0 | 4.9 | 2.6 | 5.1 | 3.9 | 3.4 | 3.9 |
| Price/Sales | 1.9 | 1.9 | 2.0 | 2.1 | 2.5 | 2.5 | 2.8 | 2.9 | 2.0 | 2.5 | 3.4 | 3.0 | 3.4 |
| FCF Yield | 2.9% | 5.5% | 2.9% | 2.4% | 5.6% | 5.0% | 4.5% | 1.9% | 9.1% | 4.0% | 2.3% | 4.3% | 4.5% |
| Market Cap | 1.5B | 1.5B | 1.9B | 2.5B | 2.3B | 3.4B | 3.9B | 5.8B | 3.7B | 8.5B | 7.0B | 7.0B | 8.0B |
| Avg. Price | 28.90 | 31.07 | 35.84 | 42.28 | 57.63 | 62.53 | 80.99 | 106.00 | 99.32 | 131.69 | 180.97 | 166.20 | 193.88 |
| Year-End Price | 30.54 | 30.84 | 40.03 | 53.20 | 50.18 | 76.21 | 89.14 | 132.96 | 86.24 | 197.98 | 165.33 | 166.88 | 193.88 |
Simpson Manufacturing Co., Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Simpson Manufacturing Co., Inc. trades at 23.5x trailing earnings, compared to its 15-year median P/E of 21.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 27.0x vs a median of 24.3x. The company's 5-year average ROIC is 20.1% with a gross margin of 46.2%. Total shareholder yield (dividends + buybacks) is 2.4%. At current prices, the estimated annualized return to fair value is +11.0%.
Simpson Manufacturing Co., Inc. (SSD) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Simpson Manufacturing Co., Inc. (SSD) has a net profit margin of 14.8%. This is a healthy margin.
Simpson Manufacturing Co., Inc. (SSD) generated $298 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Simpson Manufacturing Co., Inc. (SSD) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
Simpson Manufacturing Co., Inc. (SSD) reported earnings per share (EPS) of $8.24 in its most recent fiscal year.
Simpson Manufacturing Co., Inc. (SSD) has a return on equity (ROE) of 18.0%. This indicates the company generates strong returns for shareholders.
Simpson Manufacturing Co., Inc. (SSD) has a 5-year average gross margin of 46.2%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Simpson Manufacturing Co., Inc. (SSD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Simpson Manufacturing Co., Inc. (SSD) has a book value per share of $48.47, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects the U.S. housing market to remain challenged in 2026, with housing starts projected to decline in the low single-digit range compared to 2025, while European markets are anticipated to experience flat to modest growth. The company's 2025 price increases, contributing approximately $130 million in annualized net sales, are expected to continue offsetting tariff-related cost pressures and material inflation, with management actively monitoring fuel costs and evaluating pricing strategies to preserve gross margins. Operating margin is targeted at 19.5%–20.5% for 2026, supported by ongoing productivity initiatives, cost savings from prior restructuring actions, and operational leverage from SG&A reductions, though gross margins are expected to be slightly lower due to tariffs and increased depreciation costs. Management remains focused on disciplined capital deployment, returning at least 35% of free cash flow to shareholders, and maintaining market share gains through innovation, customer engagement, and above-market volume growth despite the softer demand environment.
Based on recent SEC filings and earnings calls, Simpson Manufacturing Co., Inc. (SSD) has provided the following forward guidance: Operating margin: 19.5%-20.5% (FY2026); U.S. housing starts: down low single digits (2026); Europe market growth: flat to modest growth (2026); Annualized net sales contribution from 2025 price increases: approximately $130 million (2026); Footprint optimization costs in Europe: $3 million-$5 million (2026), plus 3 additional metrics.
Annualized net sales contribution from 2025 price increases (2026): “Our 2025 price increases, which we now expect will contribute approximately $130 million in annualized net sales”
Footprint optimization costs in Europe (2026): “an expected $3 million-$5 million of footprint optimization costs in Europe”
Benefit from sale of vacant land (back half of 2026): “a projected $10 million-$12 million benefit on the sale of vacant land in the back half of 2026”
Effective tax rate (FY2026): “Our effective tax rate is estimated to be in the range of 25%-26%, including both federal and state income tax rates based on current tax laws.”
Capital expenditures (FY2026): “our capital expenditures outlook is expected to be in the range of $75 million-$85 million”