Smiths Group annual working capital
2022
2023
2024
2025
2026
Smiths Group Working Capital Growth & History (SMIN)
Smiths Group's working capital was £2.40B for fiscal 2026.
View full Smiths Group company overviewSmiths Group annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-07-31 | £2.40B | £1.28B | +115.66% |
| 2025 | 2025-07-31 | £1.11B | £102.0M | +10.11% |
| 2024 | 2024-07-31 | £1.01B | £161.0M | +18.99% |
| 2023 | 2023-07-31 | £848.0M | −£171.0M | −16.78% |
| 2022 | 2022-07-31 | £1.02B | — | — |
Smiths Group quarterly working capital
Q2.25
Q2.26
| Fiscal quarter | Period ended | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-01-31 | £2.05B | £1.07B | +109.07% |
| Q2 2025 | 2025-01-31 | £981.0M | — | — |
Smiths Group working capital trends
Between the periods ended 2022-07-31 and 2026-07-31, Smiths Group's working capital increased from £1.02B to £2.40B, a change of £1.38B. The latest reported quarter, Q2 2026, shows £2.05B.
About the metric
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
Calculation and source
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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