At a glance
Simpson Manufacturing Company Inc is worth $7.82B, about 23 times its fiscal 2025 earnings. Revenue grew 4.5% to $2.33B in fiscal 2025, with 14.8% kept as profit; over 5 years it has grown 13.0% a year. It pays a 0.62% dividend yield, raised every year for at least 9 years, and returned $597.5M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +3.0% over the past year with dividends reinvested and +13.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 42.3% in the 2020 crash (S&P 500: 33.7%) and 42.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 2 months and 9 months after the lows.
The business in plain English
Simpson Manufacturing designs and makes the hardware that holds buildings together. Through subsidiaries including Simpson Strong-Tie, it sells connectors (metal brackets that join wood, concrete, masonry or steel), screws and nails, concrete anchors and adhesives, and wall systems that help buildings resist earthquakes and wind. It has made structural connectors since 1956. It offers over 16,000 products for wood construction and over 3,000 for concrete.
Wood construction products brought in 84.4% of the $2.33 billion in sales for the fiscal year ended December 31, 2025. Concrete products brought in 15.5%. Buyers include lumber dealers, building-materials cooperatives, home centers, firms that assemble trusses and wall panels, and OEMs (original equipment manufacturers that use its parts in their own products). The company keeps inventory near its markets so it can ship most orders within 24 to 48 hours. It also offers engineering support and design software to win more business.
The company reports three regional segments: North America, Europe and Asia/Pacific. The United States alone made up 73.5% of fiscal 2025 sales. Most of the rest came from Europe, where France was the biggest market. In North America, demand rises and falls mainly with US housing starts (new homes on which building begins) and home remodeling.
Price history
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SSD +3.0% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Wood construction products | $1.97B | 84.4% |
| Concrete construction products | $360.6M | 15.5% |
| Other | $4.5M | 0.2% |
By geography
| UNITED STATES | $1.71B | 73.5% |
| France | $185.9M | 8% |
| France | $95.5M | 4.1% |
| Norway | $65.8M | 2.8% |
| Poland | $53.4M | 2.3% |
| ITALY | $52.5M | 2.3% |
| Germany | $50.8M | 2.2% |
| Other countries | $31.4M | 1.3% |
| Italy | $26.0M | 1.1% |
| Asia Pacific | $19.4M | 0.8% |
| Sweden | $19.3M | 0.8% |
| United Kingdom | $17.1M | 0.7% |
| Australia | $12.8M | 0.5% |
| Denmark | $8.5M | 0.4% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $671.1M, up 6.3% from a year earlier, and net income was $127.0M (+22.7%).
- For fiscal 2025, revenue was $2.33B (+4.5% year over year; +13.0% a year from FY2020 to FY2025) with a 14.8% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +13.0% good |
|---|---|
| Operating margin | 19.6% good |
| Free cash flow margin | 12.8% good |
| Return on equity (FY2025) | 17% good |
| Return on assets (FY2025) | 11.2% good |
| Net cash (cash minus debt) | $158.0M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.27B | $187.0M | $175.0M |
| FY2021 | $1.57B | $266.4M | $107.6M |
| FY2022 | $2.12B | $334.0M | $337.5M |
| FY2023 | $2.21B | $354.0M | $338.2M |
| FY2024 | $2.23B | $322.2M | $157.8M |
| FY2025 | $2.33B | $345.1M | $297.6M |
Valuation snapshot
| Market value | $7.82B |
|---|---|
| P/E ratio | 23.1 |
| Dividend yield | 0.62% |
Rank among 1514 US companies
Market value at each year end
Simpson Manufacturing Company’s market value went from $2.08B at the end of 2016 to $7.82B on Oct 28, 2026, about 3.8 times as much; since the end of 2025 it is up 17%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $7.82B | +16.8% |
| 2025 | $6.69B | -4.3% |
| 2024 | $6.99B | -17.2% |
| 2023 | $8.45B | +123.7% |
| 2022 | $3.78B | -37.5% |
| 2021 | $6.04B | +48.9% |
| 2020 | $4.06B | +14.1% |
| 2019 | $3.56B | +42.9% |
| 2018 | $2.49B | -8.4% |
| 2017 | $2.72B | +30.6% |
| 2016 | $2.08B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SSD price data to Oct 28, 2026 | +18.9% | +3.0% | +14.8% | +13.3% | +17.5% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +18.9% |
| 2025 | -1.9% |
| 2024 | -15.7% |
| 2023 | +125.3% |
| 2022 | -35.6% |
| 2021 | +50.2% |
| 2020 | +17.5% |
| 2019 | +50.8% |
| 2018 | -4.4% |
| 2017 | +33.5% |
| 2016 | +30.4% |
| 2015 | +0.4% |
| 2014 | -4.6% |
| 2013 | +13.3% |
| 2012 | -0.1% |
| 2011 | +10.8% |
| 2010 | +16.7% |
| 2009 | -1.4% |
| 2008 | +6.0% |
| 2007 | -15.0% |
| 2006 | -12.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 56.9% over that stretch · deepest drop along the way 57.2%, back to its old high 13.4 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 42.2% over that stretch · deepest drop along the way 42.3%, back to its old high 2.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 40.9% over that stretch · deepest drop along the way 42.9%, back to its old high 8.8 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 2 sales ($762K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Sep 10, 2026 | Michael Olosky President and CEO, Director | sell | $605K |
| Aug 4, 2026 | James S Andrasick Director | sell | $156K |
Who owns it
Large shareholders (13G filings)
| FMR LLC | 8.9% | Jun 30, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC | 8.7% | Jun 30, 2026 |
| Vanguard Capital Management | 5.29% | Mar 31, 2026 |
ETFs with the most weight in SSD
| GRPM Invesco S&P MidCap 400 GARP ETF | 1.22% |
| FXR First Trust Industrials/Producer Durables AlphaDEX Fund | 0.75% |
| HOMZ Hoya Capital Housing ETF | 0.72% |
| QMID WisdomTree U.S. MidCap Quality Growth Fund | 0.69% |
| SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 0.59% |
| SDVY First Trust SMID Cap Rising Dividend Achievers ETF | 0.59% |
| VSDA VictoryShares Dividend Accelerator ETF | 0.58% |
| IFRA iShares U.S. Infrastructure ETF | 0.52% |
What could go wrong
- Heavy reliance on US housing. US housing starts and remodeling drive North American sales. Higher interest rates, job losses or weak consumer confidence can cut demand. Many of its construction customers are small firms that are hit harder in downturns.
- Steel prices and tariffs pressure margins. Steel is the main raw material, and its price swings. Tariff changes on imported fasteners and anchors helped lower North American profit margins in fiscal 2025. Price increases do not always cover higher costs.
- Reliance on a few large customers. A small number of big customers account for a significant share of sales, and losing one would cut revenue and profit. As dealers and builders merge, the larger survivors gain more bargaining power.
- Trade barriers and China-based factories. Simpson imports some products and has factories in China, which makes supply and inventory planning harder. New tariffs, import limits or retaliation by other countries could raise costs and hurt sales.
- Product or engineering failures. Its products help hold buildings together, and its engineers and software help with designs. A design defect, wrong chemical mix, recall or engineering error could lead to lawsuits, costly claims and a damaged reputation.
- Currency swings and overseas exposure. The United States made up 73.5% of fiscal 2025 sales, and most of the rest came from Europe. A stronger dollar shrinks foreign sales once converted. Foreign laws, taxes and politics add uncertainty.
Recent events
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Major agreement signed; New debt or financial obligation
For income and retirement investors
Simpson pays a rising dividend. Its SEC filings show at least nine straight annual increases through fiscal 2025. Dividends per share rose from $0.92 in fiscal 2020 to $1.15 in fiscal 2025, about 4.6% a year. The payout is low: 13.8% of fiscal 2025 earnings and 16% of free cash flow (cash left after running and investing in the business). The yield was 0.62% as of October 28, 2026, so the shares produce little spending cash for an income investor. Over fiscal 2021–2025 the company spent $372.7 million on buybacks (repurchasing its own shares) and $224.8 million on dividends. Its share count fell 5.7% between November 2021 and August 2026.
In past downturns the shares fell about 57% in the 2008 financial crisis, 42% in the 2020 COVID crash and 43% in the 2022 market slump. They regained their prior peaks by April 2010, June 2020 and June 2023. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Simpson Manufacturing make money?
Simpson makes money selling structural hardware that holds buildings together, through subsidiaries including Simpson Strong-Tie. Wood construction products made up 84.4% of its $2.33 billion in fiscal 2025 sales. They include metal connectors, screws, and shearwalls that brace buildings against wind and earthquakes. Concrete products such as anchors and adhesives made up 15.5%. It sells to lumber dealers, home centers, truss and wall-panel makers and other manufacturers. It also offers engineering help and design software to win business.
Does Simpson Manufacturing raise its dividend every year?
Yes, so far. Its SEC filings show at least nine straight annual increases through fiscal 2025, and the streak may be longer. Dividends per share rose from $0.92 in fiscal 2020 to $1.15 in fiscal 2025. The dividend used just 13.8% of fiscal 2025 earnings. Past raises do not guarantee future ones. The yield was only 0.62% as of October 28, 2026, so the stock provides little income.
How does the housing market affect Simpson Manufacturing?
Heavily. US housing starts, home remodeling and replacement work are the main drivers of Simpson's North America segment. The United States alone made up 73.5% of fiscal 2025 sales. Higher interest rates, unemployment or weak consumer confidence can reduce demand. Many of its construction customers are small firms that are hit harder in downturns. The shares fell about 57% in the 2008 financial crisis and about 43% in the 2022 market slump. They recovered by April 2010 and June 2023.
Does Simpson Manufacturing have a lot of debt?
No. As of June 30, 2026, Simpson held $450.5 million in cash and investments against $292.5 million of total debt. That left about $158.0 million of net cash (cash minus debt). Its shareholders' equity, the owners' stake in the business, was $2.12 billion. A December 22, 2025 SEC filing reported a major agreement that created a new financial obligation, so debt levels are worth checking in later reports.
How has Simpson Manufacturing stock performed over the long term?
The share price rose about 400% over the 10 years to October 28, 2026, or 17.5% a year, but the ride was bumpy. Over five years it gained 13.3% a year, and over one year just 3%. The stock lost 35.6% in 2022 and gained 125.4% in 2023. It then fell 15.7% in 2024 and 1.9% in 2025. On October 28, 2026 it traded at 23.1 times fiscal 2025 earnings. These figures are based on the share price, and past results do not predict future ones.