Smiths FY26 profit margin widens to 20.6%, revenue up 1.2%
Smiths Group reported FY2026 organic revenue growth of 1.2%, with headline operating profit margin widening to 20.6% and ROCE at 23.5%. Net cash was £1.75 billion. The company completed a £1.5 billion share buyback and plans another. It acquired DRC Heat Transfer for £165 million and divested Smiths Interconnect and Sm