Standard Motor Products Inc

smpcorp.com

What Do They Do?

Sells replacement automotive parts to retailers and distributors, and custom-engineered products to vehicle and equipment manufacturers.

How Do They Make Money?

Retailers, distributors, and vehicle and equipment manufacturers pay for replacement parts and custom-engineered products, typically when products ship.

revenue

Segment	Share	How money arrives
Vehicle Control Sold outright	44% FY2022: 55%	Sold outright
Temperature Control Sold outright	24% FY2022: 26%	Sold outright
Nissens Automotive Sold outright	17% FY2022: 0.0%	Sold outright
Engineered Solutions Sold outright	15% FY2022: 20%	Sold outright

Who Are Their Customers?

In North America, retailers and warehouse distributors buy directly and resell to stores, technicians and consumers; in Europe, wholesalers and distributors are the main buyers. Engineered Solutions sells to vehicle and equipment manufacturers and related suppliers.

Customers above 10% of revenue, FY2025

of revenue from three customers (25%, 19%, 11%)

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025

8% of revenue

▲ +69% vs FY2024 ($80.6M, 6%)

Net income, FY2025

2% of revenue

▲ +50% vs FY2024 ($27.5M, 2%)

Free cash flow, FY2025

1% of revenue

▼ −43% vs FY2024 ($32.7M, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $493.9M in Q2 FY2025
Net income: ▲ +20%; vs $25.2M in Q2 FY2025

Vehicle Control share of revenue vs 40.8% in Q2 FY2025

Aug 4, 2026 Reaffirmed full-year sales and adjusted EBITDA margin guidance The company reaffirmed low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%.

Growing. Revenue grew 38% in 4 years, from $1.3B in FY2021 to $1.8B in FY2025, about 8% a year.

European aftermarket expansion The latest report adds Nissens Automotive’s European aftermarket engine-cooling, air-conditioning and engine-efficiency parts to the business described in the older report.

Separate engineered-solutions business The company separated sales of custom-engineered products to vehicle and equipment manufacturers from its automotive aftermarket business.

Revenue over time

Vehicle Control Temperature Control Nissens Automotive Engineered Solutions Other

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Comments