Simpson Manufacturing Co., Inc. SSD

IndustrialsHomebuilding & Construction SuppliesUnited States of America

Last close 200.54 USD on Nov 2, 2026, +25.0% year to date

Quant rating

Quant rating B Rank 155 of 486 in Industrials

Growth C 332 of 486
Valuation C 322 of 486
Quality A 40 of 486
Revisions C 252 of 486
Momentum B 141 of 486

Wall Street consensus Buy (1.83)Average target 214.13 USD +6.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 8.2B
Enterprise value: 8.0B
52-week range: 156.91 – 212.57
3-year range: 139.81 – 214.83
Dividend yield: 0.62%
Beta (5 years): 1.36
Shares outstanding: 41.0M
Next earnings: Feb 8, 2027

About the company

Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a manufacturer of structural solutions primarily for wood and concrete. The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in the residential and commercial construction market. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,333	2,232	2,214	2,116	1,573	–
Revenue growth	4.5%	0.8%	4.6%	34.5%	24.1%	13.0%
EPS (basic, normalized)	8.24	7.60	8.26	7.76	6.12	–
EPS growth	8.4%	−8.0%	6.4%	26.8%	–	–
Gross margin	45.9%	45.9%	47.1%	44.5%	48.0%	46.2%
Net margin	14.8%	14.4%	16.0%	15.8%	16.9%	15.6%
ROE	18.0%	18.5%	22.9%	25.7%	24.6%	21.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	491
Current ratio	3.37x
Long-term debt (mil)	290
Net debt (mil)	−186
Total equity (mil)	2,145
Net debt / equity	−0.09x
Net debt / EBITDA	−0.34x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,333	+4.5%	3.4x	544	+4.8%	14.8x	8.24	+8.4%	24.3x
2026	2,427	+4.0%	3.3x	597	+9.6%	13.5x	9.34	+13.3%	21.5x
2027	2,497	+2.9%	3.2x	608	+1.9%	13.2x	9.65	+3.4%	20.8x
2028	2,590	+3.7%	3.1x	649	+6.8%	12.4x	10.69	+10.7%	18.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,427	+0.1%	+0.1%	0.0%	9.34	+0.9%	+1.3%	+2.9%
2027	2,497	−1.0%	−1.0%	−1.9%	9.65	−1.0%	−0.9%	−1.3%
2028	2,590	−2.4%	−2.3%	−3.1%	10.69	−0.2%	0.0%	−2.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	531	597	587	517	539	631	624	539	588	671
Sales mean (mil)	550	605	589	496	528	599	605	531	552	657
Surprise	−3.5%	−1.3%	−0.3%	+4.3%	+2.0%	+5.3%	+3.1%	+1.6%	+6.5%	+2.2%
EPS reported	1.77	2.31	2.21	1.31	1.85	2.47	2.58	1.35	2.13	3.09
EPS mean	1.92	2.44	2.38	1.27	1.57	2.26	2.41	1.22	1.87	2.72
Surprise	−7.9%	−5.5%	−7.1%	+3.5%	+18.1%	+9.1%	+6.9%	+11.1%	+14.0%	+13.6%

Peer comparison Homebuilding & Construction Supplies

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SSD Simpson Manufacturing Co., Inc.	8.2B	−0.34x	14.8%	3.83x	21.5x	20.8x	13.5x	13.2x
MAS Masco Corporation	16.1B	2.04x	10.7%	−35.86x	17.7x	17.8x	12.1x	12.4x
CSL Carlisle Companies Incorporated	15.2B	1.91x	14.8%	10.58x	18.6x	16.4x	13.8x	12.8x
WMS Advanced Drainage Systems Inc	10.5B	1.69x	14.0%	5.32x	21.6x	18.5x	11.6x	10.6x
AYI Acuity Inc.	9.8B	0.07x	11.4%	3.31x	15.5x	14.2x	10.5x	9.9x
AWI Armstrong World Industries, Inc.	7.2B	0.78x	19.0%	8.02x	20.5x	18.1x	12.5x	11.5x
Mean		1.02x	14.1%	−0.80x	19.2x	17.6x	12.3x	11.7x
Median		1.23x	14.4%	4.58x	19.6x	17.9x	12.3x	11.9x

Technical analysis

1M+15.5%
3M+7.0%
1Y+14.4%
3Y+45.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Simpson Manufacturing Co., Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,333	2,232	2,214	2,116	1,573	1,268
Cost of revenue	1,263	1,208	1,172	1,175	818	692
Gross profit	1,070	1,024	1,042	941	755	576
Selling, general & administrative expenses	544	507	476	398	328	273
Research & development	82.5	81.9	86.0	68.4	59.4	50.8
Depreciation/amortization	–	–	–	0	0.3	0.9
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−15.4	5.4	4.4	16.0	−0.3	−0.3
Other operating expenses	0	0	0	0	0	0
Operating income	458	430	475	459	368	252
Net interest income (expense)	4.4	4.1	1.4	−11.0	−9.2	−2.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	462	434	477	448	359	250
Provision for taxes	117	112	123	114	92.1	62.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	345	322	354	334	266	187
Extraordinary items	–	–	–	–	–	–
Net income	345	322	354	334	266	187
EBIT, normalized	443	435	480	475	367	252
EBITDA, normalized	533	521	554	536	410	291
Basic EPS, normalized	8.24	7.60	8.26	7.76	6.12	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Simpson Manufacturing Co., Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	384	239	430	301	301	275
Receivables	303	284	284	269	231	165
Total inventory	594	593	552	557	444	284
Prepaid expenses	–	–	–	–	–	–
Other current assets	71.5	59.4	47.1	52.6	22.9	29.6
Total current assets	1,353	1,176	1,312	1,179	999	753
Property, plant & equipment	743	626	487	419	305	301
Goodwill	559	512	503	496	134	136
Intangibles	388	375	365	363	26.3	26.8
Long-term investments	–	–	–	–	–	2.5
Note receivable	–	–	–	–	–	–
Other long-term assets	32.0	46.8	37.0	46.9	19.7	13.3
Total assets	3,074	2,736	2,705	2,504	1,484	1,233
Liabilities
Accounts payable	91.5	101	108	97.8	57.2	48.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	253	227	205	205	163	130
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	15.0	22.5	22.5	22.5	–	–
Other current liabilities	22.8	16.4	26.3	22.8	24.2	15.7
Total current liabilities	382	366	361	349	245	194
Long-term debt	356	363	459	555	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	307	202	205	187	55.5	57.6
Total liabilities	1,044	931	1,025	1,091	300	252
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.4	0.4	0.4	0.4	0.4	0.4
Additional paid-in capital	325	307	313	299	294	284
Retained earnings (accumulated deficit)	1,843	1,647	1,427	1,118	907	720
Treasury stock	−121	−101	−50.4	–	0	−13.5
Other equity	−17.8	−48.1	−10.0	−4.1	−17.6	−10.4
Total equity	2,030	1,805	1,680	1,413	1,184	981
Total liabilities & shareholders' equity	3,074	2,736	2,705	2,504	1,484	1,233

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Simpson Manufacturing Co., Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	345	322	354	334	266	187
Depreciation, depletion & amortization	90.0	85.4	74.7	60.9	42.5	38.8
Deferred taxes	11.7	−4.2	−7.5	−13.2	−0.9	3.2
Non-cash items	25.5	32.3	34.7	36.1	29.8	20.1
Changes in working capital	−13.6	−97.5	−28.8	−18.0	−186	−41.4
Cash from operations	459	338	427	400	151	208
Investing activities
Capital expenditures	−161	−180	−88.8	−67.2	−49.6	−37.9
Other investing cash flows	24.8	−78.9	−14.4	−803	−9.2	−1.9
Cash from investing	−136	−259	−103	−870	−58.8	−39.9
Financing activities
Financing cash flow items	−6.8	−16.7	−7.4	4.9	−6.2	−8.7
Cash dividends paid	−47.6	−46.5	−45.2	−43.9	−41.6	−40.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−132	−198	−146	505	−23.8	−77.7
Cash from financing	−186	−261	−199	466	−71.6	−127
Foreign exchange effects	8.4	−7.9	4.3	4.5	5.6	3.5
Net change in cash	145	−190	129	−0.4	26.5	44.4
Free cash flow	298	158	338	333	102	170

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.