Standard Motor Products (SMP)
Market Price (8/8/2026): $41.0 | Market Cap: $914.0 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Standard Motor Products (SMP)
Market Price (8/8/2026): $41.0Market Cap: $914.0 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 9.6% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Future of Mobility, and Circular Economy. Themes include Automotive Aftermarket Parts, Vehicle Electrification Components (Aftermarket), Show more. | Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -49% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% Key risksSMP key risks include [1] declining profitability and significant margin compression and [2] a heightened debt burden from recent acquisitions. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 9.6% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Future of Mobility, and Circular Economy. Themes include Automotive Aftermarket Parts, Vehicle Electrification Components (Aftermarket), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -49% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% |
| Key risksSMP key risks include [1] declining profitability and significant margin compression and [2] a heightened debt burden from recent acquisitions. |
Qualitative Assessment
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Standard Motor Products (SMP) stock has gained about 10% since 4/30/2026 because of the following key factors:
1. Standard Motor Products reported strong financial results for fiscal Q2 2026, which ended on June 30, 2026. The company's adjusted net sales increased by 6.7% to $526.7 million compared to Q2 2025, exceeding analysts' forecast of approximately $512 million. Diluted earnings per share (EPS) from continuing operations rose to $1.39, with non-GAAP diluted EPS reaching $1.40, an 8.6% increase from $1.29 in the prior year's second quarter. Adjusted EBITDA also saw a notable increase to $63.5 million, up from $59.1 million in Q2 2025.
2. Key segments demonstrated robust growth, contributing significantly to the overall positive performance. The Temperature Control segment's adjusted net sales grew by 15.7% in fiscal Q2 2026. Simultaneously, the Engineered Solutions segment recorded a 16.8% increase in adjusted net sales, while the Nissens segment expanded by 4.8%. This strong performance across these segments helped offset a 1.6% decline in the Vehicle Control segment.
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Standard Motor Products (SMP) stock has gained about 10% since 4/30/2026 because of the following key factors:
1. Standard Motor Products reported strong financial results for fiscal Q2 2026, which ended on June 30, 2026. The company's adjusted net sales increased by 6.7% to $526.7 million compared to Q2 2025, exceeding analysts' forecast of approximately $512 million. Diluted earnings per share (EPS) from continuing operations rose to $1.39, with non-GAAP diluted EPS reaching $1.40, an 8.6% increase from $1.29 in the prior year's second quarter. Adjusted EBITDA also saw a notable increase to $63.5 million, up from $59.1 million in Q2 2025.
2. Key segments demonstrated robust growth, contributing significantly to the overall positive performance. The Temperature Control segment's adjusted net sales grew by 15.7% in fiscal Q2 2026. Simultaneously, the Engineered Solutions segment recorded a 16.8% increase in adjusted net sales, while the Nissens segment expanded by 4.8%. This strong performance across these segments helped offset a 1.6% decline in the Vehicle Control segment.
3. The company significantly improved its financial health through enhanced cash flow and reduced net debt. Standard Motor Products' operating cash flow improved by $64.2 million year-to-date. As a result, net debt declined to $510.2 million by the end of fiscal Q2 2026, down from $599.4 million at the end of fiscal Q1 2026. This led to a decrease in the net debt leverage ratio from 3.0 times adjusted EBITDA in fiscal Q1 2026 to 2.5 times in fiscal Q2 2026, with a target to reach 2.0 times by year-end 2026.
4. Positive analyst sentiment and reaffirmed full-year guidance bolstered investor confidence. On July 28, 2026, Weiss Ratings upgraded Standard Motor Products from a "hold (c+)" rating to a "buy (b-)" rating. The company also reaffirmed its full-year guidance, projecting low to mid-single-digit sales growth and an adjusted EBITDA margin of 11% to 12% for 2026. The consensus analyst rating for SMP remains a "Moderate Buy," with an average price target of $49.00.
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Stock Movement Drivers
Fundamental Drivers
The 10.0% change in SMP stock from 4/30/2026 to 8/7/2026 was primarily driven by a 10.7% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.05 | 40.76 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,829 | 1,837 | 0.4% |
| Net Income Margin (%) | 2.5% | 2.8% | 10.7% |
| P/E Multiple | 17.9 | 17.8 | -0.5% |
| Shares Outstanding (Mil) | 22 | 22 | -0.6% |
| Cumulative Contribution | 10.0% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SMP | 10.0% | |
| Market (SPY) | 7.6% | 21.9% |
| Sector (XLY) | 1.3% | 38.0% |
Fundamental Drivers
The 3.7% change in SMP stock from 1/31/2026 to 8/7/2026 was primarily driven by a 55.4% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.30 | 40.76 | 3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,749 | 1,837 | 5.0% |
| Net Income Margin (%) | 1.8% | 2.8% | 55.4% |
| P/E Multiple | 27.6 | 17.8 | -35.6% |
| Shares Outstanding (Mil) | 22 | 22 | -1.3% |
| Cumulative Contribution | 3.7% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SMP | 3.7% | |
| Market (SPY) | 12.1% | 23.5% |
| Sector (XLY) | -0.9% | 32.8% |
Fundamental Drivers
The 38.6% change in SMP stock from 7/31/2025 to 8/7/2026 was primarily driven by a 37.5% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.40 | 40.76 | 38.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,546 | 1,837 | 18.8% |
| Net Income Margin (%) | 2.0% | 2.8% | 37.5% |
| P/E Multiple | 20.6 | 17.8 | -13.6% |
| Shares Outstanding (Mil) | 22 | 22 | -1.8% |
| Cumulative Contribution | 38.6% |
Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SMP | 38.6% | |
| Market (SPY) | 23.4% | 24.5% |
| Sector (XLY) | 8.9% | 32.8% |
Fundamental Drivers
The 18.4% change in SMP stock from 7/31/2023 to 8/7/2026 was primarily driven by a 33.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.43 | 40.76 | 18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,377 | 1,837 | 33.4% |
| Net Income Margin (%) | 3.5% | 2.8% | -20.0% |
| P/E Multiple | 15.6 | 17.8 | 14.5% |
| Shares Outstanding (Mil) | 22 | 22 | -3.1% |
| Cumulative Contribution | 18.4% |
Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SMP | 18.4% | |
| Market (SPY) | 74.9% | 32.2% |
| Sector (XLY) | 41.1% | 35.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SMP Return | 32% | -32% | 18% | -19% | 23% | 8% | 15% |
| Peers Return | 25% | -12% | -2% | -5% | 28% | 13% | 50% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| SMP Win Rate | 67% | 33% | 50% | 42% | 58% | 62% | |
| Peers Win Rate | 62% | 37% | 42% | 43% | 55% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SMP Max Drawdown | -14% | -39% | -23% | -36% | -31% | -23% | |
| Peers Max Drawdown | -23% | -37% | -35% | -27% | -30% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DORM, LKQ, BWA, DAN, VC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | SMP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.6% | -18.8% |
| % Gain to Breakeven | 42.0% | 23.1% |
| Time to Breakeven | 64 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.3% | -9.5% |
| % Gain to Breakeven | 20.9% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.4% | -6.7% |
| % Gain to Breakeven | 16.8% | 7.1% |
| Time to Breakeven | 272 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.2% | -33.7% |
| % Gain to Breakeven | 43.2% | 50.9% |
| Time to Breakeven | 274 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -16.5% | -12.2% |
| % Gain to Breakeven | 19.8% | 13.9% |
| Time to Breakeven | 68 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -12.5% | -6.8% |
| % Gain to Breakeven | 14.2% | 7.3% |
| Time to Breakeven | 87 days | 15 days |
In The Past
Standard Motor Products's stock fell -29.6% during the 2025 US Tariff Shock. Such a loss loss requires a 42.0% gain to breakeven.
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| Event | SMP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.6% | -18.8% |
| % Gain to Breakeven | 42.0% | 23.1% |
| Time to Breakeven | 64 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.2% | -33.7% |
| % Gain to Breakeven | 43.2% | 50.9% |
| Time to Breakeven | 274 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.8% | -17.9% |
| % Gain to Breakeven | 51.0% | 21.8% |
| Time to Breakeven | 53 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -35.0% | -15.4% |
| % Gain to Breakeven | 53.8% | 18.2% |
| Time to Breakeven | 120 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -84.2% | -53.4% |
| % Gain to Breakeven | 532.4% | 114.4% |
| Time to Breakeven | 114 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -52.8% | -8.6% |
| % Gain to Breakeven | 112.1% | 9.5% |
| Time to Breakeven | 768 days | 47 days |
In The Past
Standard Motor Products's stock fell -29.6% during the 2025 US Tariff Shock. Such a loss loss requires a 42.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Standard Motor Products (SMP)
Standard Motor Products (SMP) is a long-standing manufacturer and distributor of replacement parts for motor vehicles, primarily serving the automotive aftermarket industry. Founded in 1919, the company provides essential components for vehicles already in use, rather than for original equipment manufacturing. SMP operates internationally, distributing its products across North America, Europe, Asia, and Latin America.
The company's business is organized into two main segments: Engine Management and Temperature Control. The Engine Management segment supplies a broad range of critical parts for ignition, electrical, emissions, fuel, and safety systems, including ignition coils, various sensors (e.g., camshaft, crankshaft, ABS, tire pressure), fuel injectors, and electronic throttle bodies. The Temperature Control segment focuses on components for vehicle heating, ventilation, and air conditioning (HVAC) systems, engine cooling, and power window mechanisms, such as A/C compressors, evaporators, heater cores, fan motors, and power window motors and regulators.
SMP's primary customers are major players in the automotive aftermarket. This includes large automotive retailers, program distribution groups, and warehouse distributors. The company also supplies original equipment service part operations and manufacturers, ensuring a wide reach for its diverse product line to meet the needs of professional repair shops and individual consumers across its global markets.
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- SMP is like a "Grainger for car parts."
- SMP is "The Procter & Gamble of car parts."
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- Engine Management System Components: Parts for vehicle ignition, electrical, emissions, fuel, and safety systems, including sensors, modules, wires, coils, and fuel system components.
- Temperature Control System Components: Parts for vehicle air conditioning and engine cooling systems, such as compressors, fans, evaporators, and heater cores.
- Power Window and Windshield Washer System Components: Replacement parts for power windows and windshield washers, including motors, regulators, and pumps.
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Standard Motor Products (SMP) sells its products primarily to other companies within the automotive aftermarket industry.
Based on the provided company description, Standard Motor Products sells to the following categories of customers:
- Automotive aftermarket retailers
- Program distribution groups
- Warehouse distributors
- Original equipment service part operations and manufacturers
The provided background information does not list the specific names of these customer companies or their public symbols.
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Eric P. Sills, Chairman of the Board, Chief Executive Officer & President
Eric P. Sills is the son of Lawrence Sills and represents the fourth generation of the Fife and Sills families leading Standard Motor Products. He joined the company in 1991 and has held various senior leadership positions, including Vice President Global Operations (2013–2015) and Vice President Engine Management Division (2006–2013). Mr. Sills has been responsible for manufacturing, engineering, and distribution operations across the U.S., Canada, Mexico, and Poland, as well as joint ventures in Taiwan and Foshan, China. Under his leadership, SMP has expanded manufacturing capacity, increased production in low-cost regions, and successfully integrated eight acquisitions. He earned an MBA from Columbia University and completed the Advanced Management Program at Harvard Business School. He is also a strong advocate for the automotive aftermarket, having testified before Congress on supply chain issues and supporting initiatives like the REPAIR Act.
Nathan R. Iles, Chief Financial Officer
Nathan R. Iles was appointed Chief Financial Officer of Standard Motor Products in September 2019. Prior to joining SMP, he served as Vice President and Chief Financial Officer at UCI International Holdings from 2016 to 2019, where he oversaw financial reporting for the company. His experience at UCI International Holdings also includes roles as Chief Financial Officer of UCI's ASC/Airtex subsidiary (2015-2016) and Vice President Corporate Finance of UCI-FRAM Auto Brands (2011-2015). Mr. Iles previously held finance and accounting positions at Sears Holdings Corporation and Deloitte & Touche. He is a Certified Public Accountant and holds an MBA from the University of Chicago Booth School of Business and a BBA from Eastern Kentucky University.
Lawrence I. Sills, Executive Chairman
Lawrence I. Sills, father of Eric P. Sills, has served as Executive Chairman of the Board since March 2016. He previously held the roles of Chief Executive Officer from December 2000 to March 2016 and Chairman from December 2000 to March 2016. Mr. Sills has dedicated over 50 years to Standard Motor Products in various capacities, including President and Chief Operating Officer (1986-2000) and Vice President of Operations (1983-1986). He holds an MBA from Harvard Business School and a BA from Dartmouth College. Mr. Sills has also served as Director of Strategic Development at Quantum Technology Sciences, Inc. and President of Stanric Inc.
James J. Burke, Chief Operating Officer and Director
James J. Burke joined the Board of Directors in December 2022 and currently serves as Chief Operating Officer. He was appointed Executive Vice President Finance and Chief Financial Officer effective March 31, 2016. Mr. Burke has a long tenure with Standard Motor Products, having been with the company since 1986, initially working with EIS Brake Parts.
Dale Burks, Chief Commercial Officer & Executive Vice President
Dale Burks was appointed Executive Vice President and Chief Commercial Officer effective March 31, 2016. He began his career at Standard Motor Products as a Territory Salesman in 1984 and has progressed through various roles of increasing responsibility. His previous positions include Vice President Global Sales and Marketing, Vice President Corporate Sales and Marketing, Vice President Temperature Control Division, and General Manager – Temperature Control Division.
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- Impact of Electric Vehicle (EV) Transition on Demand for Traditional Automotive Parts: The widespread adoption of electric vehicles poses a significant long-term threat to Standard Motor Products' core business. EVs have considerably fewer moving parts than internal combustion engine (ICE) vehicles, leading to reduced maintenance needs and a decreased demand for many traditional automotive replacement parts, such as ignition components, exhaust systems, fuel filters, spark plugs, and various engine and transmission parts. While new opportunities related to EV-specific components exist, SMP's current product portfolio is heavily weighted towards ICE-dependent systems, meaning the transition could lead to a substantial decline in sales for a large segment of its offerings. The value of ordinary service maintenance and parts repair is projected to fall significantly for EVs compared to ICE vehicles.
- Significant Debt Load and Asbestos-Related Liabilities: Standard Motor Products carries a substantial financial burden from both its debt and legacy asbestos exposure. The company has reported a high leverage with approximately $618.7 million of debt and significant asbestos-related liabilities, including a $127.5 million reserve and a $44.4 million charge recorded in 2025. These financial obligations can limit the company's flexibility for investments, acquisitions, and operational expenses, impacting profitability and long-term financial health.
- Intense Competition and Shifting Preferences Towards OEM Parts: The automotive aftermarket is a highly competitive industry with numerous players, including full-line suppliers, value-line suppliers, and original equipment manufacturers (OEMs). Standard Motor Products competes against major global suppliers like Denso and Bosch. Furthermore, there is a growing emphasis on using OEM parts, particularly for electric vehicles, due to concerns about precision, safety, and compatibility with advanced vehicle systems like high-voltage components and ADAS (Advanced Driver Assistance Systems). This preference for OEM parts, especially for critical EV repairs, could erode demand for aftermarket alternatives and impact SMP's market share and pricing power.
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The widespread and accelerating transition of the automotive industry from internal combustion engine (ICE) vehicles to electric vehicles (EVs) represents a clear emerging threat. A significant portion of Standard Motor Products' Engine Management segment focuses on components specific to ICE vehicles, such as ignition systems, fuel delivery systems, exhaust gas recirculation valves, mass airflow sensors, and fuel injectors. As the global vehicle parc increasingly shifts towards EVs, which lack these components, the addressable market for these core product lines will diminish over time, potentially eroding a substantial part of SMP's current business.
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Standard Motor Products (SMP) operates in the automotive aftermarket, manufacturing and distributing replacement parts for motor vehicles. The company's main products and services fall under two segments: Engine Management and Temperature Control. Below are the addressable market sizes for key products and services offered by SMP globally:
Engine Management Segment
- Automotive Engine Management System Market: The global automotive engine management system market was valued at approximately USD 65.80 billion in 2025 and is predicted to increase to about USD 94.17 billion by 2035, growing at a CAGR of 3.65%. Another estimate places the market at USD 65.54 billion in 2024, projected to reach USD 80.25 billion by 2030.
- Automotive Ignition System Market: The global automotive ignition systems market was valued at around USD 9.13 billion in 2024 and is expected to reach USD 17.87 billion by 2032. Other reports indicate the market was valued at USD 14.56 billion in 2024, poised to grow to USD 25.24 billion by 2033.
- Automotive Electronics Sensor Aftermarket: The global automotive electronics sensor aftermarket was valued at USD 6,761.60 million (approximately USD 6.76 billion) in 2021 and is expected to reach USD 12,475.79 million (approximately USD 12.48 billion) by 2029, registering a CAGR of 6.77%.
- Automotive Fuel System Market: The global automotive fuel system market is likely to be valued at US$ 67.1 billion in 2026 and is projected to reach US$ 87.1 billion by 2033. Another source estimates the market grew from USD 68.00 billion in 2025 to USD 72.92 billion in 2026, and is projected to expand to USD 114.02 billion by 2032.
Temperature Control Segment
- Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market: The global automotive HVAC market was valued at approximately USD 70.5 billion in 2025 and is expected to grow to USD 131.1 billion in 2035. Another report states a valuation of USD 59.44 billion in 2025, estimated to grow to USD 80.62 billion by 2031. A higher estimate places the market size at USD 97.53 billion in 2025, projected to grow to USD 135.78 billion by 2034.
- Automotive Engine Cooling System Market: The global automotive engine cooling system market size was valued at around USD 35.85 billion in 2024 and is predicted to grow to approximately USD 57.30 billion by 2034.
- Automotive Power Window Market: The global automotive power window market size was valued at approximately USD 18.30 billion in 2025 and is projected to grow to USD 26.23 billion by 2034. The global automotive power window motor market, a component of the overall power window market, was valued at USD 8.8 billion in 2023.
- Automotive Windshield Washer System Market: The global automotive washer systems market was valued at USD 23.9 billion in 2024 and is estimated to reach USD 39.1 billion by 2034. Specifically for the automotive windshield washer system market, one estimate places its value at USD 23.1 billion in 2024, expected to reach USD 30.6 billion by 2030.
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Standard Motor Products (SMP) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:
- Continued Contribution and Integration of Nissens Automotive: The acquisition of Nissens Automotive in late 2024 has already significantly boosted sales, contributing $305.4 million in 2025. Management anticipates further improvements in free cash flow and expects continued growth from Nissens through cross-selling and synergy realization.
- Momentum in North American and European Aftermarket Segments: The company projects low to mid-single-digit sales growth for 2026, largely fueled by sustained momentum in its core North American and European markets. The "Vehicle Control" and "Temperature Control" segments, which provide non-discretionary parts for the automotive aftermarket, are noted as stable performers, and these categories tend to perform well during uncertain economic times.
- Stabilization and Growth in Engineered Solutions: After experiencing prior headwinds, the Engineered Solutions segment returned to growth in the fourth quarter of 2025, with sales increasing by 6.3%. Standard Motor Products expects more stable market conditions in this segment to contribute positively to overall sales growth in 2026.
- Strategic Price Adjustments and Tariff Pass-throughs: The company has demonstrated a strategy of passing through tariff-related costs via price increases to offset margin compression. Management intends to continue this approach as needed, indicating that price adjustments will be a factor in maintaining and growing revenue.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Standard Motor Products spent $10.4 million in 2024 to repurchase 321,000 shares.
- As of June 30, 2025, the company had $19.6 million remaining under its share repurchase authorization.
- Share repurchases are currently paused as the company prioritizes debt reduction.
Share Issuance
- In 2025, Dale Burks, Chief Commercial Officer and Executive Vice President, received 5,790 shares of common stock through a restricted stock grant under the company's 2025 Omnibus Incentive Plan.
Outbound Investments
- On September 1, 2021, Standard Motor Products acquired Germany's Stabil Operative Group GmbH for an undisclosed sum.
- In November 2024, the company acquired Nissens Automotive for $388 million, significantly expanding its European market presence and global aftermarket footprint.
- The Nissens acquisition contributed $277 million in pro forma revenue for 2024 and $305.4 million in sales for 2025.
Capital Expenditures
- Capital expenditures for the full year 2025 were $38.7 million, which included $10.4 million allocated for a distribution center.
- The company invested in a new distribution center in Shawnee, Kansas, with an estimated cost ranging from $25 million to $30 million.
- Normalized capital expenditures are anticipated to be between $30 million and $35 million in the future.
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.59 |
| Mkt Cap | 3.6 |
| Rev LTM | 5,720 |
| Op Inc LTM | 350 |
| FCF LTM | 187 |
| FCF 3Y Avg | 207 |
| CFO LTM | 360 |
| CFO 3Y Avg | 395 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.7% |
| Rev Chg 3Y Avg | 2.0% |
| Rev Chg Q | 0.5% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Inc Chg LTM | 11.1% |
| Op Inc Chg 3Y Avg | 14.1% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 7.1% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 4.7% |
| FCF/Rev 3Y Avg | 5.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Vehicle Control | 785 | 763 | 738 | 751 | 737 |
| Temperature Control | 426 | 380 | 338 | 351 | 324 |
| Nissens Automotive | 305 | 36 | 0 | 0 | |
| Engineered Solutions | 274 | 285 | 283 | 270 | 237 |
| Intersegment sales | -0 | 0 | 0 | ||
| Other | 0 | 0 | |||
| Total | 1,791 | 1,464 | 1,358 | 1,372 | 1,299 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Vehicle Control | 66 | 67 | 71 | 74 | 97 |
| Temperature Control | 61 | 35 | 17 | 26 | 30 |
| Nissens Automotive | 27 | -3 | 0 | 0 | |
| Engineered Solutions | 11 | 15 | 20 | 19 | 20 |
| Intersegment sales | 0 | 0 | 0 | ||
| Unallocated corporate expenses and other | -28 | -34 | -16 | ||
| Other | -15 | -18 | |||
| Total | 137 | 81 | 93 | 104 | 129 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Vehicle Control | 742 | 660 | 621 | 619 | 604 |
| Nissens Automotive | 532 | 483 | 0 | ||
| Temperature Control | 313 | 276 | 275 | 254 | 235 |
| Engineered Solutions | 290 | 286 | 292 | 290 | 273 |
| Corporate | 119 | 110 | |||
| Other | 106 | 92 | 86 | ||
| Total | 1,995 | 1,814 | 1,293 | 1,255 | 1,198 |
Price Behavior
| Market Price | $40.76 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -8.2% | |
| 50 Days | 200 Days | |
| DMA Price | $38.90 | $38.24 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 4.8% | 6.6% |
| 3M | 1YR | |
| Volatility | 33.8% | 30.8% |
| Downside Capture | 71.03 | 73.47 |
| Upside Capture | 63.99 | 72.04 |
| Correlation (SPY) | 19.6% | 26.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.27 | -0.06 | 0.29 | 0.43 | 0.56 | 0.69 |
| Up Beta | -3.44 | -1.93 | -1.22 | -0.23 | 0.33 | 0.62 |
| Down Beta | -0.03 | 0.33 | 0.68 | 0.57 | 0.55 | 0.80 |
| Up Capture | 41% | 25% | 58% | 47% | 61% | 32% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 20 | 31 | 59 | 124 | 371 |
| Down Capture | 73% | 42% | 59% | 76% | 66% | 90% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 23 | 32 | 67 | 128 | 380 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMP | |
|---|---|---|---|---|
| SMP | 15.1% | 30.8% | 0.47 | - |
| Sector ETF (XLY) | 7.9% | 19.4% | 0.27 | 33.4% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 26.2% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 6.7% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -22.2% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 34.6% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 2.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMP | |
|---|---|---|---|---|
| SMP | 2.7% | 32.0% | 0.13 | - |
| Sector ETF (XLY) | 6.7% | 24.0% | 0.24 | 37.4% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 37.9% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 5.3% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 5.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 39.6% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 13.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMP | |
|---|---|---|---|---|
| SMP | 2.1% | 31.5% | 0.13 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.52 | 42.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 45.2% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 1.5% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 13.6% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 41.8% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 6.0% | ||
| 4/30/2026 | 1.3% | 5.4% | 7.1% |
| 2/26/2026 | -8.5% | -10.4% | -15.6% |
| 10/31/2025 | -4.9% | -4.1% | -4.3% |
| 8/5/2025 | 10.6% | 17.7% | 25.3% |
| 4/30/2025 | 11.2% | 15.8% | 25.3% |
| 2/27/2025 | -5.5% | -7.3% | -14.9% |
| 10/30/2024 | 19.0% | 17.2% | 15.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 11 |
| # Negative | 14 | 11 | 12 |
| Median Positive | 4.2% | 5.3% | 7.2% |
| Median Negative | -3.8% | -7.3% | -5.6% |
| Max Positive | 19.0% | 17.7% | 25.3% |
| Max Negative | -15.2% | -20.4% | -21.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 6.0% | ||
| 4/30/2026 | 1.3% | 5.4% | 7.1% |
| 2/26/2026 | -8.5% | -10.4% | -15.6% |
| 10/31/2025 | -4.9% | -4.1% | -4.3% |
| 8/5/2025 | 10.6% | 17.7% | 25.3% |
| 4/30/2025 | 11.2% | 15.8% | 25.3% |
| 2/27/2025 | -5.5% | -7.3% | -14.9% |
| 10/30/2024 | 19.0% | 17.2% | 15.4% |
| 8/1/2024 | 0.8% | -7.5% | -1.4% |
| 5/1/2024 | 2.1% | 0.1% | -5.3% |
| 2/22/2024 | -15.2% | -20.4% | -17.0% |
| 10/27/2023 | 4.0% | 11.9% | 12.2% |
| 8/2/2023 | -5.5% | -3.3% | -5.0% |
| 5/3/2023 | -0.0% | 2.3% | 1.2% |
| 2/22/2023 | -3.2% | -3.0% | -14.1% |
| 10/28/2022 | 4.3% | -2.4% | 3.5% |
| 8/3/2022 | -14.3% | -19.7% | -21.8% |
| 5/3/2022 | -4.0% | -4.7% | -4.7% |
| 2/22/2022 | -3.6% | -8.9% | -5.9% |
| 10/28/2021 | -0.5% | 6.2% | 8.6% |
| 8/4/2021 | -1.2% | 2.8% | 2.4% |
| 5/5/2021 | 4.0% | 4.7% | 7.2% |
| 2/23/2021 | -3.6% | 1.2% | -1.1% |
| 10/28/2020 | -0.3% | 5.3% | 0.8% |
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 11 |
| # Negative | 14 | 11 | 12 |
| Median Positive | 4.2% | 5.3% | 7.2% |
| Median Negative | -3.8% | -7.3% | -5.6% |
| Max Positive | 19.0% | 17.7% | 25.3% |
| Max Negative | -15.2% | -20.4% | -21.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/24/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/5/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Sales Growth | 3.0% | 0.0% | Affirmed | Guidance: 3.0% for 2026 | |||
| 2026 Adjusted EBITDA Margin | 11.0% | 11.5% | 12.0% | 0.0% | Affirmed | Guidance: 11.5% for 2026 | |
| 2026 Net Debt Leverage | 2 | 0.0% | Affirmed | Guidance: 2 for 2026 | |||
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Sales Growth | 1.0% | 3.0% | 0.0% | Affirmed | Guidance: 3.0% for 2026 | ||
| 2026 Adjusted EBITDA Margin | 11.0% | 11.5% | 12.0% | 0.0% | Affirmed | Guidance: 11.5% for 2026 | |
| 2026 Net Debt Leverage | 2 | 0.0% | Affirmed | Guidance: 2 for 2026 | |||
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Sales Growth | 1.0% | 3.0% | -87.2% | -20.5% | Lower New | Guidance: 23.5% for 2025 | |
| 2026 Adjusted EBITDA Margin | 11.0% | 11.5% | 12.0% | 0.8% | Higher New | Guidance: 10.75% for 2025 | |
| 2026 Debt Leverage | 2 | 0 | Affirmed | Guidance: 2 for 2026 | |||
Q3 2025 Earnings Reported 10/31/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Sales Growth | 22.0% | 23.5% | 25.0% | 1.5% | Raised | Guidance: 22.0% for 2025 | |
| 2025 Adjusted EBITDA Margin | 10.5% | 10.75% | 11.0% | 0.2% | Raised | Guidance: 10.5% for 2025 | |
| 2026 Debt Leverage Target | 2 | Affirmed | Guidance: 2 for 2026 | ||||
Insider Activity
Updated 6/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 6092026 | 39.75 | 5,822 | 231,424 | 1,404,248 | Form |
| 2 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 6022026 | 38.28 | 1,950 | 74,646 | 1,575,184 | Form |
| 3 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 12122025 | 38.01 | 9,093 | 345,625 | 1,543,548 | Form |
| 4 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 11122025 | 38.36 | 457 | 17,531 | 1,906,569 | Form |
| 5 | Broccole, Carmine Joseph | CLO & Secretary | Direct | Sell | 11122025 | 38.31 | 1,148 | 43,980 | 3,193,790 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 6092026 | 39.75 | 5,822 | 231,424 | 1,404,248 | Form |
| 2 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 6022026 | 38.28 | 1,950 | 74,646 | 1,575,184 | Form |
| 3 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 12122025 | 38.01 | 9,093 | 345,625 | 1,543,548 | Form |
| 4 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 11122025 | 38.36 | 457 | 17,531 | 1,906,569 | Form |
| 5 | Broccole, Carmine Joseph | CLO & Secretary | Direct | Sell | 11122025 | 38.31 | 1,148 | 43,980 | 3,193,790 | Form |
| 6 | Iles, Nathan R | Chief Financial Officer | Direct | Sell | 11122025 | 38.30 | 1,356 | 51,935 | 1,435,024 | Form |
| 7 | Burks, Dale | Chief Commercial Officer & EVP | Direct | Sell | 11122025 | 38.30 | 1,180 | 45,194 | 2,306,273 | Form |
| 8 | Sills, Eric | CEO & President | Direct | Sell | 11122025 | 38.26 | 1,531 | 58,576 | 6,826,808 | Form |
| 9 | Nicholas, Ray | CIO & VP IT | Direct | Sell | 11122025 | 38.19 | 128 | 4,888 | 1,915,572 | Form |
| 10 | Burks, Dale | Chief Commercial Officer & EVP | Direct | Sell | 11122025 | 38.41 | 1,002 | 38,487 | 2,358,220 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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