# Standard Motor Products, Inc. (SMP)

> Source: Nexqual · https://nexqual.com/SMP · data as of 2026-10-29 15:32 UTC · cite as "Nexqual, Standard Motor Products, Inc. (SMP), nexqual.com/SMP" · informational, not investment advice.

**Price:** USD 38.54 (+1.74% today) · US market open, as of October 29, 2026 at 15:32 UTC; quotes may be delayed. Prev close 37.88 · day 38.27–38.54 · 52w 34.27–46 · market cap $858M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.84B, net income $51.0M (2.8% margin), free cash flow $87.2M (SEC filings).
- Valuation: P/E 16.8x (avg 23.6x at the last 3 fiscal year-ends), EV/EBITDA 6.9x, net debt $510M.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $1.2M; 5 not under a Rule 10b5-1 plan ($1.2M); 0 by opportunistic insiders, 5 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 50 (range 48–54).
- Total return with dividends: 1Y +2.1% vs S&P 500 +13.3%; 5Y -5.8% vs S&P 500 +79.3%.
- Next earnings: 2026-10-30, EPS estimate USD 1.41, revenue estimate $515M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.37B | $1.36B | $1.46B | $1.79B | $1.84B |
| Gross profit | $377M | $383M | $389M | $423M | $559M | — |
| Operating income | $129M | $104M | $92.7M | $80.6M | $137M | $154M |
| Net income | $90.9M | $55.4M | $34.1M | $27.5M | $41.3M | $51.0M |
| EPS (diluted) | $4.02 | $2.50 | $1.54 | $1.24 | $1.84 | — |
| Free cash flow | $59.7M | -$53.5M | $116M | $32.7M | $18.7M | $87.2M |
| Gross margin | 29.0% | 27.9% | 28.6% | 28.9% | 31.2% | — |
| Operating margin | 9.9% | 7.6% | 6.8% | 5.5% | 7.6% | 8.4% |
| Net margin | 7.0% | 4.0% | 2.5% | 1.9% | 2.3% | 2.8% |
| Revenue growth | +15.1% | +5.6% | -1.0% | +7.8% | +22.4% | — |
| Cash + short-term investments | $21.8M | $21.1M | $32.5M | $44.4M | $72.0M | — |
| Total debt | $128M | $240M | $156M | $562M | $619M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.8x · P/S 0.5x · EV/EBITDA 6.9x · EV/Sales 0.7x · P/FCF 9.8x · P/B 1.2x · FCF yield 10.17% · Earnings yield 5.95% · Dividend yield (paid, TTM) 3.30% · Buyback yield (TTM) 0.03% · Net debt $510M · EV $1.37B
P/E at fiscal year-ends: Dec 2025 20.0x, Dec 2024 25.1x, Dec 2023 25.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-09 | Broccole Carmine Joseph | CLO & Secretary | 5,250 | $206K | 6.6% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-19 | Burks Dale | Chief Commercial Officer & EVP | 5,798 | $226K | 10.8% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-14…2026-08-18 | Burks Dale | Chief Commercial Officer & EVP | 12,551 | $486K | 19% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-08 | Nicholas Ray | CIO & VP IT | 5,822 | $231K | 14.1% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-01 | Nicholas Ray | CIO & VP IT | 1,950 | $75K | 4.5% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 50 (low 48, high 54).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Roth Capital | Reiterated | Buy | $54 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +2.1% | -5.8% |
| S&P 500 (SPY) | +13.3% | +79.3% |
| Per year | +2.1% | -1.2% |
| Volatility (annualized) | 30.2% | 33.6% |
| Max drawdown | -22.6% (Feb 2026→Mar 2026) | -54.0% (Nov 2021→Apr 2025) |

## Peers (Auto Parts)
ATMU (Atmus Filtration Technologies I) USD 46.38 +2.86% · DORM (Dorman Products, Inc.) USD 132.44 +2.08% · GTX (Garrett Motion Inc.) USD 23.24 +4.08% · GNTX (Gentex Corporation) USD 20.45 +1.89% · LKQ (LKQ Corporation) USD 17.62 +2.50% · LEA (Lear Corporation) USD 118.43 +1.31%

## More
Full page: https://nexqual.com/SMP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SMP's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/93389/000009338926000012/smp-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Trombetta Asia | "Net earnings attributable to noncontrolling interest relates to the minority shareholders' interest in Trombetta Asia, Ltd., our 70% owned joint venture in Hong Kong, with operations in China and, in Foshan GWO YNG SMP V…" |
| Partner | Climate Control & Cooling Products | "Net earnings attributable to noncontrolling interest relates to the minority shareholders' interest in Trombetta Asia, Ltd., our 70% owned joint venture in Hong Kong, with operations in China and, in Foshan GWO YNG SMP V…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Vehicle Control | $182.9M | 36.5% | -9.3% | $12.2M | 6.7% |
| Temperature Control | $144.7M | 28.9% | +10.2% | $25.9M | 17.9% |
| Nissens Automotive | $94.7M | 18.9% | +4.6% | $15.8M | 16.7% |
| Engineered Solutions | $80.0M | 16.0% | +13.9% | $4.9M | 6.1% |
| Total revenue | $501.6M | 100% | — | $58.8M | 11.7% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Engine Management (Ignition, Emissions and Fuel Delivery) | $121.5M | 24.2% | -5.3% |
| AC System Components | $119.3M | 23.8% | +13.9% |
| Electrical and Safety | $47.6M | 9.5% | -16.3% |
| Air Conditioning | $39.3M | 7.8% | -2.7% |
| Engine Cooling | $36.3M | 7.2% | +3.4% |
| Other Thermal Components | $25.5M | 5.1% | -4.3% |
| Light Vehicle | $24.7M | 4.9% | +13.3% |
| All Other | $22.8M | 4.5% | +33.8% |
| Commercial Vehicle | $21.5M | 4.3% | -1.4% |
| Engine Efficiency | $19.1M | 3.8% | +27.0% |
| Wire Sets and Other | $13.9M | 2.8% | -16.8% |
| Construction/Agriculture | $11.0M | 2.2% | +14.9% |
| Total revenue | $501.6M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $352.6M | 70.3% | +1.8% |
| Europe, excluding Poland | $78.3M | 15.6% | +6.1% |
| Canada | $23.7M | 4.7% | +8.0% |
| Poland | $23.4M | 4.7% | -6.0% |
| Mexico | $12.5M | 2.5% | -14.6% |
| Other foreign | $11.2M | 2.2% | -9.5% |
| Total revenue | $501.6M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 25.2%, 18.6%, 10.5% of revenue from unnamed direct customers (10-K, filed 2026-02-26).

## Company outlook (8-K filed 2026-08-04)

- "Further, we reaffirm our expectation that adjusted EBITDA will be in a range of 11% -12%."
- "Note that our guidance excludes the impact of ongoing changes in the tariff landscape, any significant inflationary impact from the conflict in the Middle East, or increase in interest rates impacting our customers' supply chain financing programs."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.41 | $1.61 | -12.4% | $515.0M | 3 |
| Next quarter (ends 2026-12-31) | $0.60 | $0.57 | +4.1% | $397.9M | 3 |
| Current fiscal year (ends 2026-12-31) | $4.24 | $4.40 | -3.6% | $1.88B | 3 |
| Next fiscal year (ends 2027-12-31) | $4.88 | $4.94 | -1.1% | $1.94B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-30): ±11.5%; last 8 reports averaged ±8.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 67.7% | ±11.5% |
| 2027-02-19 | 113 | 33.9% | ±14.9% |
| 2027-05-21 | 204 | 28.4% | ±17.9% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $1.40 | $1.39 | Beat +0.7% | +2.1% |
| Apr 30, 2026 | Quarter ended Mar 31, 2026 | $0.82 | $0.76 | Beat +7.9% | +4.4% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $0.56 | $0.49 | Beat +14.3% | -7.9% |
| Oct 31, 2025 | Quarter ended Sep 30, 2025 | $1.36 | $1.14 | Beat +19.3% | -4.9% |
| Aug 5, 2025 | — | — | — | — | +15.9% |
| Apr 30, 2025 | — | — | — | — | +13.4% |
| Feb 27, 2025 | — | — | — | — | -5.9% |
| Oct 30, 2024 | — | — | — | — | +12.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-09 | 8-K | Director or executive officer change, or pay arrangement | https://www.sec.gov/Archives/edgar/data/93389/000009338926000094/0000093389-26-000094-index.htm |
| 2026-08-04 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/93389/000009338926000085/0000093389-26-000085-index.htm |
| 2026-08-04 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/93389/000009338926000083/0000093389-26-000083-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.