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Makes structural connectors, fasteners and anchors (Simpson Strong-Tie brand) that reinforce wood and concrete building construction.
Makes structural connectors, fasteners and anchors (Simpson Strong-Tie brand) that reinforce wood and concrete building construction.
Sells mostly through building-material distributors and home-improvement chains rather than direct to builders, and its connectors are written into engineers' drawings and building-code reports, so builders rarely substitute. Wood-construction products carry the business, so earnings follow US housing activity. Fasteners and concrete anchors widen what it can sell to the same contractors.
Moat: narrow (brand, distribution, IP / patents). Simpson Strong-Tie is the industry-standard specified brand for structural connectors, embedded in building codes.
Headquarters: Pleasanton, California, US · Founded: 1956 · Employees: 5,545
Size Simpson Manufacturing (SSD) is a United States Industrials company (Building Products) with a market value of $8.07B, the 879th largest of 3,117 United States companies the cockpit tracks. Shares closed at $196.89 on 6 Nov 2026.
Performance Over six months the shares gained 4.4%, against -2.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 17 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +2.1%); the operating margin is 20.2% (peer median 14.0%).
Valuation It trades at 20.9× forward earnings against a peer median of 16.7× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.8 points above its cost of capital (11.3% WACC).
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.44B | $2.33B | $2.23B | $2.21B | $2.12B |
| Revenue growth | — | +5% | +1% | +5% | — |
| Gross profit | $1.10B | $1.07B | $1.03B | $1.04B | $941M |
| EBITDA | $596M | $533M | $521M | $554M | $547M |
| Net income | $381M | $345M | $322M | $354M | $334M |
| Free cash flow | n/a | $296M | $158M | $338M | $337M |
| Capital expenditure | n/a | $161M | $180M | $88.8M | $67.2M |
| Total debt | $391M | $488M | $481M | $552M | $635M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Simpson Manufacturing SSD | $8.07B | +4% | +5% | 20% | 20.9× | 13.2% |
| Illinois Tool Works ITW | $79.8B | +11% | +5% | 27% | 23.4× | 9.7% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SSD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.5% | +2.6% | 4th highest of 17 |
| 6-month return | +4.4% | -2.0% | 7th highest of 17 |
| Distance from 52-week high | -7.8% | -24.1% | 4th highest of 17 |
| Revenue growth (TTM) | +5.4% | +2.1% | 5th highest of 17 |
| Operating margin | 20.2% | 14.0% | 2nd highest of 16 |
| Forward P/E | 20.9× | 16.7× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 13.2% | 4.9% | 3rd most demanding of 16 |
| Growth delivered (Del g) | +13.0% | +5.8% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +0.2 pp | +2.0 pp | 7th least demanding of 16 |
| ROIC minus cost of capital | +7.8 pp | +5.1 pp | 8th highest of 16 |
| EV / EBITDA | 13.4× | 11.5× | 4th most expensive of 13 |
| Net debt / EBITDA | -0.2× | 1.0× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Simpson Manufacturing SSD | United States | $8.07B | +4% | +5% | 20% | 20.9× | 13.2% | +13.0% |
| A. O. Smith AOS | United States | $8.67B | +10% | -1% | 18% | 17.3× | 4.5% | +5.8% |
| SPX Technologies SPXC | United States | $7.15B | -30% | +20% | 17% | 15.3× | 15.7% | +15.0% |
| Fortune Brands Innovations FBIN | United States | $5.74B | +27% | -3% | 14% | 19.7× | 5.3% | -6.0% |
| Toto 5332.T | Japan | $5.40B | -1% | +5% | 8% | 18.2× | 7.8% | +5.0% |
| Watsco WSO | United States | $12.7B | -28% | 0% | 9% | 24.3× | 13.2% | +7.4% |
| Sanwa 5929.T | Japan | $5.10B | +8% | +2% | 11% | 14.8× | -2.6% | +9.1% |
| SPIC Industry-Finance 000958.SZ | China | $14.0B | -14% | +102% | n/a | 22.2× | n/a | n/a |
| Griffon GFF | United States | $4.58B | +15% | -12% | 20% | 17.1× | 7.5% | +4.0% |
| Carlisle Companies CSL | United States | $14.5B | +4% | +4% | 20% | 15.9× | 3.7% | +4.8% |
| Masco MAS | United States | $15.8B | +15% | +1% | 18% | 18.0× | 4.9% | +1.0% |
| Nichias 5393.T | Japan | $3.52B | -5% | +3% | 15% | 15.2× | 7.1% | +5.1% |
| STO Express 002468.SZ | China | $3.40B | -8% | +26% | 5% | 10.2× | -12.5% | +20.8% |
| Rinnai 5947.T | Japan | $3.07B | -3% | +4% | 10% | 13.3× | -9.5% | +6.4% |
| Shanghai Mechanical & Electrical Industry 600835.SS | China | $2.34B | -27% | -2% | 2% | 22.5× | 0.6% | -3.8% |
| Reliance Worldwide RWC.AX | Australia | $2.33B | +47% | -5% | 12% | 16.3× | 9.9% | +7.5% |
| Qingdao East Steel Tower Stock 002545.SZ | China | $2.25B | -50% | +23% | 32% | 8.5× | -10.2% | +13.0% |