Simpson Manufacturing Co., Inc. (SSD) intrinsic value & 10-year financials
Simpson Manufacturing Co., Inc. (SSD) has a Graham intrinsic value of $273.70 per share. At $176.41 on Oct 17, 2026, the stock trades 36% below that value. Over the last 10 fiscal years revenue grew 11.7% a year to $2.3B, with an average return on invested capital of 20.1%.
- Graham intrinsic value
- $273.70
- Share price (Oct 17, 2026)
- $176.41
- Price vs Graham value
- 36% below
- Market cap
- $7.4B
- Revenue (FY2025)
- $2.3B
- Revenue growth (10-yr CAGR)
- 11.7%
- ROIC (10-yr avg)
- 20.1%
- Free cash flow (FY2025)
- $297.6M
SSD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.3B | $345.1M | $8.24 | $297.6M | 19.6% | 16.6% |
| FY2024 | $2.2B | $322.2M | $7.60 | $157.8M | 19.3% | 16.8% |
| FY2023 | $2.2B | $354.0M | $8.26 | $338.2M | 21.5% | 21.0% |
| FY2022 | $2.1B | $334.0M | $7.76 | $337.5M | 21.7% | 27.0% |
| FY2021 | $1.6B | $266.4M | $6.12 | $107.6M | 23.4% | 32.9% |
| FY2020 | $1.3B | $187.0M | $4.27 | $169.7M | 19.9% | 26.4% |
| FY2019 | $1.1B | $134.0M | $2.98 | $173.0M | 15.9% | 19.6% |
| FY2018 | $1.1B | $126.6M | $2.72 | $130.8M | 16.0% | 17.9% |
| FY2017 | $977.0M | $92.6M | $1.94 | $61.0M | 14.2% | 12.4% |
| FY2016 | $860.7M | $89.7M | $1.86 | $52.9M | 16.2% | 10.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Simpson Manufacturing Co., Inc. is a consistent compounder, expanding top-line revenue at 11.7% annually over the past decade.
Simpson Manufacturing Co., Inc. has earned high returns on invested capital, averaging 20.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Simpson Manufacturing Co., Inc. shows that management has aggressively returned capital to shareholders by retiring 13.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Simpson Manufacturing Co., Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $273.70 per share.