Sibanye-Stillwater (SBSW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2024, filed Apr 25, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SBSW SEC filings page.
Sibanye-Stillwater (SBSW) reported $5.9B in revenue for fiscal year 2024, down 4.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sibanye-Stillwater's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sibanye-Stillwater's revenue declined 4.6% year-over-year, from $6.2B to $5.9B. This contraction results in a growth score of 6/100.
Sibanye-Stillwater has a moderate D/E ratio of 0.94. This balance of debt and equity financing earns a leverage score of 48/100.
With a current ratio of 2.32, Sibanye-Stillwater holds $2.32 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
While Sibanye-Stillwater generated $535.7M in operating cash flow, capex of $1.1B consumed most of it, leaving -$606.8M in free cash flow. This results in a low score of 13/100, reflecting heavy capital investment rather than weak cash generation.
Sibanye-Stillwater posts a -16.6% return on equity (ROE), meaning it loses $17 for every $100 of shareholders' equity. This results in a returns score of 14/100. This is up from -77.5% the prior year.
Sibanye-Stillwater passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Sibanye-Stillwater reported a net loss of $386.5M while generating $535.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Sibanye-Stillwater generated $5.9B in revenue in fiscal year 2024. This represents a decrease of 4.6% from the prior year.
Sibanye-Stillwater reported a net loss of $386.5M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Sibanye-Stillwater earned -$0.14 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Sibanye-Stillwater recorded an outflow of $606.8M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Sibanye-Stillwater held $850.1M in cash against $2.2B in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Sibanye-Stillwater's gross margin was 6.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.1 percentage points from the prior year.
Sibanye-Stillwater's net profit margin was -6.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 26.7 percentage points from the prior year.
Sibanye-Stillwater's ROE was -16.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 60.9 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
Sibanye-Stillwater invested $1.1B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.9% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
SBSW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9B-4.6% | $6.2B-23.5% | $8.1B-24.7% | $10.8B+24.3% | $8.7B+66.6% | $5.2B+48.1% | $3.5B-5.0% | $3.7B |
| Cost of Revenue | $5.6B+2.0% | $5.5B-8.6% | $6.0B-12.9% | $6.9B+20.6% | $5.7B+25.6% | $4.5B+35.4% | $3.3B-1.8% | $3.4B |
| Gross Profit | $366.6M-51.9% | $762.0M-64.7% | $2.2B-45.4% | $3.9B+31.4% | $3.0B+336.9% | $687.8M+291.3% | $175.8M-41.7% | $301.3M |
| Interest Expense | $103.1M+57.9% | $65.3M+6.1% | $61.5M+22.4% | $50.3M-42.9% | $88.1M-14.9% | $103.4M-5.4% | $109.4M-35.3% | $169.0M |
| Income Tax | $79.2Mn/m | -$132.3M-125.2% | $525.1M-39.2% | $863.8M+160.5% | $331.6Mn/m | -$124.0M-264.5% | $75.4Mn/m | -$238.1M |
| Net Income | -$386.5Mn/m | -$2.1B-291.1% | $1.1B-47.8% | $2.1B+3.7% | $2.0B+44992.7% | $4.4Mn/m | -$173.9Mn/m | -$358.6M |
| EPS (Basic) | -$0.14n/m | -$0.73-290.7% | $0.38-46.5% | $0.72-2.4% | $0.73+52264.3% | $0.00n/m | -$0.08n/m | -$0.19 |
| EPS (Diluted) | -$0.14n/m | -$0.73-291.0% | $0.38-46.0% | $0.71-1.6% | $0.72+51335.7% | $0.00n/m | -$0.08n/m | -$0.19 |
| Diluted Shares (Avg) | 2.83B0.0% | 2.83B0.0% | 2.83B-3.3% | 2.93B+5.4% | 2.78B+7.7% | 2.58B+13.9% | 2.26B+17.1% | 1.93B |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
SBSW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.3B-6.6% | $7.8B-20.2% | $9.8B+2.1% | $9.6B+4.9% | $9.2B+26.5% | $7.2B+22.5% | $5.9B-3.9% | $6.1B |
| Current Assets | $2.6B-24.3% | $3.4B-5.3% | $3.6B-12.1% | $4.1B+14.1% | $3.6B+90.5% | $1.9B+77.2% | $1.1B+8.9% | $970.1M |
| Cash & Equivalents | $850.1M-39.3% | $1.4B-8.8% | $1.5B-19.3% | $1.9B+37.6% | $1.4B+243.6% | $402.1M+126.8% | $177.3M+6.4% | $166.7M |
| Inventory | $1.4B-6.3% | $1.4B-7.0% | $1.6B-1.4% | $1.6B-7.6% | $1.7B+53.5% | $1.1B+201.3% | $368.3M+29.2% | $285.0M |
| Accounts Receivable | $303.1M-37.8% | $487.3M+10.4% | $441.3M-5.1% | $465.2M-0.7% | $468.7M+41.3% | $331.7M-30.2% | $475.3M-5.1% | $500.8M |
| Goodwill | $41.4M+51.6% | $27.3M-94.4% | $484.9M0.0% | $485.1M-0.8% | $489.1M-0.3% | $490.6M+2.4% | $479.2M-7.3% | $516.8M |
| Total Liabilities | $5.0B-3.5% | $5.2B+11.6% | $4.6B0.0% | $4.6B+2.3% | $4.5B-11.6% | $5.1B+20.2% | $4.3B+1.0% | $4.2B |
| Current Liabilities | $1.1B-44.6% | $2.0B+67.6% | $1.2B-7.7% | $1.3B+8.0% | $1.2B+16.4% | $1.0B+0.7% | $1.0B+49.3% | $681.8M |
| Non-Current Liabilities | $3.6B+21.2% | $3.0B-7.7% | $3.3B+1.6% | $3.2B+2.4% | $3.1B-21.3% | $4.0B+25.6% | $3.2B-10.1% | $3.5B |
| Long-Term Debt | $2.2B+59.5% | $1.4B+2.7% | $1.3B+4.9% | $1.3B+6.1% | $1.2B-29.6% | $1.7B+33.1% | $1.3B-34.3% | $1.9B |
| Total Equity | $2.3B-12.7% | $2.7B-48.5% | $5.2B+4.0% | $5.0B+7.5% | $4.6B+118.4% | $2.1B+28.3% | $1.7B-14.6% | $1.9B |
| Retained Earnings | -$731.9Mn/m | -$463.8M-123.3% | $2.0B+15.5% | $1.7B+106.4% | $833.9Mn/m | -$1.1Bn/m | -$1.1Bn/m | -$1.1B |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
SBSW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $535.7M+37.9% | $388.5M-57.5% | $914.6M-54.8% | $2.0B+9.3% | $1.9B+173.7% | $677.2M-20.2% | $848.4M+283.1% | $221.5M |
| Depreciation & Amortization | $466.7M-14.9% | $548.2M+31.5% | $417.0M-19.9% | $520.6M+0.4% | $518.3M+0.4% | $516.3M+12.2% | $460.0M-0.1% | $460.6M |
| Capital Expenditures | $1.1B-6.9% | $1.2B+31.2% | $935.5M+17.0% | $799.7M+21.8% | $656.4M+19.0% | $551.5M+12.0% | $492.5M-0.1% | $492.8M |
| Free Cash Flow | -$606.8Mn/m | -$838.7Mn/m | -$20.9M-101.7% | $1.2B+2.4% | $1.2B+851.9% | $125.7M-64.7% | $355.9Mn/m | -$271.4M |
| Investing Cash Flow | -$1.3Bn/m | -$1.2Bn/m | -$1.0Bn/m | -$914.5Mn/m | -$678.4Mn/m | -$348.1Mn/m | -$538.6Mn/m | -$2.3B |
| Financing Cash Flow | $250.8M-64.7% | $710.5Mn/m | -$205.8Mn/m | -$523.8Mn/m | -$153.2Mn/m | -$105.2Mn/m | -$285.3M-113.2% | $2.2B |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
SBSW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.2%-6.1pp | 12.2%-14.3pp | 26.5%-10.0pp | 36.5%+2.0pp | 34.6%+21.4pp | 13.2%+8.2pp | 5.0%-3.1pp | 8.1% |
| Net Margin | -6.5%+26.7pp | -33.2%-46.5pp | 13.3%-5.9pp | 19.2%-3.8pp | 23.0%+22.9pp | 0.1%+5.0pp | -4.9%+4.7pp | -9.7% |
| Return on Equity | -16.6%+60.9pp | -77.5%-98.4pp | 20.9%-20.8pp | 41.6%-1.5pp | 43.1%+42.9pp | 0.2%+10.7pp | -10.5%+8.0pp | -18.5% |
| Return on Assets | -5.3%+21.1pp | -26.4%-37.5pp | 11.0%-10.6pp | 21.6%-0.3pp | 21.9%+21.8pp | 0.1%+3.0pp | -2.9%+2.9pp | -5.8% |
| Current Ratio | 2.32+0.6x | 1.70-1.3x | 3.01-0.2x | 3.16+0.2x | 2.99+1.2x | 1.83+0.8x | 1.04-0.4x | 1.42 |
| Debt-to-Equity | 0.94+0.4x | 0.51+0.3x | 0.260.0x | 0.250.0x | 0.26-0.5x | 0.800.0x | 0.77-0.2x | 1.00 |
| Liabilities-to-Equity | 2.14+0.2x | 1.93+1.0x | 0.890.0x | 0.930.0x | 0.97-1.4x | 2.41-0.2x | 2.57+0.4x | 2.17 |
| Asset Turnover | 0.810.0x | 0.800.0x | 0.83-0.3x | 1.13+0.2x | 0.95+0.2x | 0.72+0.1x | 0.600.0x | 0.60 |
| FCF Margin | -10.2%+3.2pp | -13.5%-13.2pp | -0.3%-11.6pp | 11.3%-2.4pp | 13.8%+11.3pp | 2.4%-7.7pp | 10.1%+17.4pp | -7.3% |
Not reported in any period shown, so not listed: Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Sibanye-Stillwater SBSW | FY2024 | $5.9B | -$386.5M | -6.5% | $6.7B | 27/100 |
| Hecla Mining Company HL | FY2025 | $1.4B | $321.7M | 22.6% | $9.3B | 67/100 |
| Compania de Minas Buenaventura S.A. BVN | FY2025 | $1.7B | $830.2M | 47.9% | $7.1B | 67/100 |
| Triple Flag Precious Metals Corp. TFPM | FY2025 | $388.7M | $240.0M | 61.7% | $5.9B | 78/100 |
| TMC the metals company Inc. TMC | FY2025 | N/A | -$319.8M | N/A | $1.1B | — |
| Materion Corporation MTRN | FY2025 | $1.8B | $74.8M | 4.2% | $4.6B | 49/100 |
Where Sibanye-Stillwater Ranks
Frequently Asked Questions
What is Sibanye-Stillwater's annual revenue?
Sibanye-Stillwater (SBSW) reported $5.9B in total revenue for fiscal year 2024. This represents a -4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sibanye-Stillwater's revenue growing?
Sibanye-Stillwater (SBSW) revenue declined by 4.6% year-over-year, from $6.2B to $5.9B in fiscal year 2024.
Is Sibanye-Stillwater profitable?
No, Sibanye-Stillwater (SBSW) reported a net loss of $386.5M in fiscal year 2024, with a net profit margin of -6.5%.
How much debt does Sibanye-Stillwater have?
As of fiscal year 2024, Sibanye-Stillwater (SBSW) had $850.1M in cash and equivalents against $2.2B in long-term debt.
What is Sibanye-Stillwater's gross margin?
Sibanye-Stillwater (SBSW) had a gross margin of 6.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sibanye-Stillwater's net profit margin?
Sibanye-Stillwater (SBSW) had a net profit margin of -6.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sibanye-Stillwater's return on equity (ROE)?
Sibanye-Stillwater (SBSW) has a return on equity of -16.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sibanye-Stillwater's free cash flow?
Sibanye-Stillwater (SBSW) recorded an outflow of $606.8M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sibanye-Stillwater's operating cash flow?
Sibanye-Stillwater (SBSW) generated $535.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sibanye-Stillwater's total assets?
Sibanye-Stillwater (SBSW) had $7.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sibanye-Stillwater's capital expenditures?
Sibanye-Stillwater (SBSW) invested $1.1B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Sibanye-Stillwater's current ratio?
Sibanye-Stillwater (SBSW) had a current ratio of 2.32 as of fiscal year 2024, which is generally considered healthy.
What is Sibanye-Stillwater's debt-to-equity ratio?
Sibanye-Stillwater (SBSW) had a debt-to-equity ratio of 0.94 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Sibanye-Stillwater's liabilities-to-equity ratio?
Sibanye-Stillwater (SBSW) had a liabilities-to-equity ratio of 2.14 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Sibanye-Stillwater's return on assets (ROA)?
Sibanye-Stillwater (SBSW) had a return on assets of -5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sibanye-Stillwater's P/E ratio?
Sibanye-Stillwater (SBSW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $6.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Sibanye-Stillwater's price-to-sales ratio?
Sibanye-Stillwater (SBSW) trades at 1.1x sales, its market capitalization divided by $5.9B revenue, FY2024. The market capitalization is $6.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Sibanye-Stillwater's Piotroski F-Score?
Sibanye-Stillwater (SBSW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sibanye-Stillwater's earnings high quality?
Sibanye-Stillwater (SBSW) reported a net loss of $386.5M while generating $535.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Sibanye-Stillwater?
Sibanye-Stillwater (SBSW) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.