SOMNIGROUP INTERNATIONAL INC.

Listed Company

SGICIK 0001206264NYSELarge AcceleratedHousehold FurnitureDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.48B

Net Income

$384.10M

Total Assets

$11.60B

Equity

$3.11B

Shares Out

210.34M

Op. Cash Flow

$800.10M

Business

Somnigroup International Inc. is a global bedding company that designs, manufactures, distributes and retails sleep products and solutions. It offers mattresses, pillows, foundations, adjustable bases and related bedding accessories under brands such as Tempur‑Pedic®, Sealy®, Stearns & Foster®, Sleepy’s™ and non‑branded/OEM products, as well as retail concepts including Mattress Firm and Dreams. The company operates through strategic business segments including Tempur Sealy North America, Tempur Sealy International and Mattress Firm. Its products are sold worldwide via an omni‑channel model of wholesale, company‑owned stores, third‑party retailers and e‑commerce channels.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	7,477	4,931	4,925	4,921	4,931
Cost of sales	4,293	2,903	2,939	2,872	2,772
Gross profit	3,183	2,028	1,986	2,050	2,159
Selling and marketing expenses	1,739	939	921	993	923
General, administrative and other expenses	695	473	481	398	354
Loss on disposal of business	14	0	0	—	—
Equity income in earnings of unconsolidated affiliates	−20	−19	−23	−21	−31
Operating income	755	634	607	681	912
Interest expense, net	268	135	130	103	—
Loss on extinguishment of debt	0	0	3	0	23
Other expense (income), net	6	−5	0	400,000	−1
Total other expense, net	274	130	133	103	88
Income before income taxes	481	504	474	577	—
Income tax provision	−96	−119	−103	−119	−198
Net income before non-controlling interest	385	386	371	458	625
Less: Net income attributable to non-controlling interest	1	1	3	—	—
Net income attributable to Somnigroup International Inc.	384	384	368	456	625
Basic (in dollars per share)	1.86	2.21	2.14	2.61	3.17
Diluted (in dollars per share)	1.84	2.16	2.08	2.53	3.06
Basic (in shares)	206	174	172	175	197
Diluted (in shares)	209	178	177	180	204

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	135	117	75	69	—
Accounts receivable, net	359	405	431	423	420
Inventories	630	447	483	555	464
Prepaid expenses and other current assets	171	97	114	148	92
Total Current Assets	1,294	1,065	1,103	1,195	1,276
Restricted cash	0	1,592	0	—	—
Property, plant and equipment, net	1,019	811	878	791	584
Goodwill	4,596	1,067	1,083	1,062	1,107
Trade name and other intangible assets, net	2,587	701	715	716	751
Operating lease right-of-use assets	1,879	599	637	507	481
Deferred income taxes	19	15	16	11	14
Other non-current assets	207	130	122	77	112
Total Assets	11,601	5,980	4,554	4,360	4,323
Accounts payable	402	361	311	360	432
Accrued expenses and other current liabilities	637	394	427	433	457
Short-term operating lease obligations	400	127	120	106	102
Income taxes payable	15	10	5	13	10
Current portion of long-term debt	112	70	45	70	53
Total Current Liabilities	1,565	960	908	981	1,053
Long-term debt, net	4,573	3,740	2,527	2,740	2,279
Long-term operating lease obligations	1,590	532	575	454	427
Deferred income taxes	625	108	128	114	129
Other non-current liabilities	131	71	83	84	140
Total Liabilities	8,484	5,412	4,221	4,372	4,028
Redeemable non-controlling interest	9	9	10	10	9
Common stock, $0.01 par value, 500.0 million shares authorized; 283.8 million shares issued as of December 31, 2025 and 2024	3	3	3	3	3
Additional paid in capital	1,039	501	559	598	622
Retained earnings	3,829	3,572	3,279	2,989	2,605
Accumulated other comprehensive loss	−98	−187	−137	−177	−99
Treasury stock at cost; 73.9 million and 110.2 million shares as of December 31, 2025 and 2024, respectively	−1,664	−3,330	—	—	—
Total Stockholders' Equity	3,108	559	323	−22	286
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity	11,601	5,980	4,554	4,360	4,323

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	250	165	135	127	113
Amortization of stock-based compensation	41	36	48	53	61
Amortization of deferred financing costs and discounts	7	4	4	4	3
Bad debt expense	6	23	8	7	3
Deferred income taxes	26	−19	8	−11	11
Dividends received from unconsolidated affiliates	21	24	20	23	23
Loss on disposal of business	0	0	1	0	3
Foreign currency adjustments and other	17	2	−900,000	300,000	2
Accounts receivable	73	−7	−12	−15	−40
Inventories	137	27	76	−102	−106
Prepaid expenses and other assets	−19	−24	50	−24	125
Operating leases, net	9	2	5	4	9
Accounts payable	−133	58	−47	−60	51
Accrued expenses and other liabilities	−36	−21	−15	−67	−114
Income taxes receivable and payable	24	29	−60	2	−15
Net cash provided by operating activities	800	667	570	379	723
Purchases of property, plant and equipment	−167	−97	−185	−307	−123
Acquisitions, net of cash acquired	−2,825	0	−3	0	−433
Purchases of investments	−42	0	0	—	—
Other	9	600,000	600,000	−9	1
Net cash used in investing activities	−3,024	−97	−188	−315	−555
Proceeds from borrowings under long-term debt obligations	4,364	3,007	2,668	2,303	3,664
Repayments of borrowings under long-term debt obligations	−3,514	−1,761	−2,918	−1,829	−2,685
Proceeds from exercise of stock options	50	500,000	3	500,000	15
Treasury stock repurchased	−132	−44	−36	−667	−816
Dividends paid	−127	−93	−78	−71	−63
Payment of deferred financing costs	0	−14	−7	0	−25
Repayments of finance lease obligations and other	−23	−19	−16	−16	−13
Net cash provided by (used in) financing activities	617	1,077	−384	−279	77
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	33	−12	7	−15	−8
(Decrease) increase in cash, cash equivalents and restricted cash	−1,575	1,635	6	−231	236
Interest	278	158	145	106	55
Treasury stock issued in connection with Mattress Firm Acquisition	2,245	0	0	—	—

Filings

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