The J. M. Smucker Company

SJM · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$10,455	$12,311	$12,194	$16,466	$14,851	$14,194	$12,452	$13,289	$12,362	$13,732	$13,760	$12,561	$10,087	$11,234	$9,019	$8,784	$7,264	$3,367	$2,805	$3,146	$2,285	$2,834	$2,600	$1,713	$828	$730	$340	$457	$522	$372	$449	$457	$621	$709	$843	$635	$514	$423	$357	$332	$299
Enterprise value	$17,485	$20,003	$20,680	$19,747	$19,288	$18,766	$17,839	$19,098	$17,001	$18,963	$19,080	$18,607	$12,150	$12,996	$10,860	$9,750	$7,891	$4,447	$3,423	$3,371	$2,655	$3,240	$2,615	$1,667	$871	$814	$382	$457	$486	$348	$492	$513	$660	$659	$811	$615	$500	$392	$333	$313	$287
P/E (TTM) at period end	–	–	16.39×	–	23.58×	16.27×	16.07×	25.96×	9.28×	23.29×	20.07×	36.65×	17.99×	20.82×	19.80×	18.50×	14.70×	12.66×	16.46×	20.01×	15.94×	21.96×	23.35×	17.78×	26.83×	23.81×	12.95×	11.96×	16.42×	12.04×	15.28×	12.59×	20.37×	21.56×	24.74×	20.04×	17.03×	15.32×	15.57×	18.75×	18.82×
P/S (TTM) at period end	1.16×	1.41×	1.49×	1.93×	1.86×	1.77×	1.60×	1.70×	1.68×	1.86×	1.76×	2.21×	1.80×	1.90×	1.63×	1.82×	1.58×	0.90×	1.11×	1.46×	1.06×	1.39×	1.90×	1.31×	1.20×	1.12×	0.53×	0.76×	0.92×	0.69×	0.85×	0.73×	1.21×	1.44×	1.74×	1.40×	1.22×	1.15×	1.13×	1.15×	1.14×
P/B at period end	1.89×	2.02×	1.58×	2.26×	1.82×	1.75×	1.52×	1.67×	1.57×	2.00×	1.96×	1.77×	2.01×	2.18×	1.75×	1.66×	1.36×	0.68×	1.56×	1.75×	1.32×	1.68×	2.15×	1.52×	2.96×	2.91×	1.06×	1.38×	1.69×	1.27×	1.63×	1.77×	2.65×	3.22×	3.97×	3.34×	3.08×	2.93×	2.85×	3.09×	3.17×
EV / EBITDA (TTM)	24.75×	–	13.38×	51.75×	15.32×	11.68×	12.45×	16.83×	13.60×	15.12×	13.96×	20.02×	11.29×	12.21×	12.08×	10.88×	8.78×	8.36×	9.87×	10.67×	8.86×	11.70×	12.13×	8.24×	10.45×	9.98×	5.67×	5.55×	6.10×	4.64×	6.89×	6.21×	9.98×	14.14×	19.45×	15.49×	12.99×	–	–	–	–
EV / Sales (TTM)	1.93×	2.29×	2.53×	2.32×	2.41×	2.34×	2.29×	2.44×	2.31×	2.57×	2.44×	3.27×	2.17×	2.20×	1.97×	2.02×	1.71×	1.18×	1.36×	1.57×	1.23×	1.59×	1.91×	1.27×	1.27×	1.25×	0.60×	0.76×	0.86×	0.64×	0.93×	0.82×	1.29×	1.34×	1.68×	1.35×	1.18×	1.07×	1.06×	1.09×	1.09×
Returns
Return on equity	(2.5%)	(20.2%)	9.7%	(1.3%)	7.7%	10.7%	9.5%	6.4%	16.9%	8.6%	9.8%	4.8%	11.1%	10.5%	8.8%	9.0%	9.3%	5.4%	9.5%	8.8%	8.3%	7.6%	9.2%	8.6%	11.0%	12.2%	8.2%	11.5%	10.3%	10.6%	10.6%	14.1%	13.0%	14.9%	16.1%	16.7%	18.1%	19.1%	18.3%	16.5%	16.8%
Return on invested capital	2.9%	(4.9%)	6.0%	1.4%	6.1%	8.2%	6.8%	4.9%	8.3%	5.8%	6.5%	3.9%	8.6%	8.8%	7.3%	8.4%	9.0%	5.0%	7.9%	8.3%	7.2%	6.7%	9.0%	9.5%	10.4%	10.3%	7.2%	10.9%	12.5%	11.6%	11.1%	11.8%	10.8%	21.3%	18.4%	18.3%	19.3%	23.3%	21.9%	19.5%	18.5%
Dividend yield	4.4%	3.7%	3.6%	2.6%	2.8%	2.8%	3.2%	2.8%	2.8%	2.5%	2.3%	2.0%	2.4%	2.0%	2.4%	2.2%	2.3%	3.3%	2.4%	2.0%	2.7%	2.0%	1.8%	2.0%	1.9%	2.3%	5.1%	3.6%	2.9%	4.1%	3.4%	3.2%	2.2%	1.7%	1.3%	1.6%	1.5%	–	–	–	–
Financial health
Current ratio	0.78×	0.81×	0.52×	1.44×	1.03×	0.68×	1.24×	0.69×	1.50×	0.90×	1.30×	1.94×	1.74×	2.67×	2.66×	3.39×	2.56×	1.32×	3.24×	2.70×	2.73×	1.80×	2.57×	2.79×	3.48×	3.46×	3.36×	2.12×	2.37×	2.48×	3.18×	2.40×	2.06×	2.98×	3.01×	2.82×	2.62×	2.82×	2.85×	2.71×	2.82×
Debt / equity	1.18×	1.16×	1.01×	0.59×	0.53×	0.57×	0.66×	0.69×	0.59×	0.72×	0.77×	0.84×	0.39×	0.39×	0.40×	0.25×	0.17×	0.31×	0.44×	0.24×	0.26×	0.29×	0.11×	0.12×	0.48×	0.54×	0.23×	0.03×	–	–	0.22×	0.26×	0.23×	–	0.02×	0.02×	0.03×	0.04×	0.03×	0.06×	0.07×
Effective tax rate	(122.3%)	(17.6%)	25.3%	(892.4%)	25.1%	25.2%	24.1%	26.7%	(55.5%)	32.6%	29.6%	34.1%	33.5%	33.4%	34.4%	33.1%	32.4%	32.9%	33.1%	34.8%	33.5%	36.2%	37.2%	38.0%	38.5%	36.6%	36.5%	38.7%	40.2%	41.8%	34.2%	40.8%	42.2%	39.2%	39.2%	39.6%	39.6%	38.1%	40.7%	49.1%	47.2%
Share count
Diluted shares outstanding	107	106	104	106	108	112	113	113	113	116	119	103	104	109	113	118	119	86	57	57	59	58	50	48	24	27	21	21	21	21	21	21	27	27	27	27	27	27	27	27	27

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$9,157	$9,051	$8,726	$8,179	$8,529	$7,999	$8,003	$7,801	$7,838	$7,357	$7,392	$7,811	$5,693	$5,611	$5,898	$5,526	$4,826	$4,605	$3,758	$2,525	$2,148	$2,155	$2,044	$1,370	$1,312	$687	$651	$642	$602	$565	$543	$529	$628	$512	$491	$484	$455	$422	$367	$314	$288	$263
Cost of revenue	($5,618)	($6,016)	($5,341)	($5,063)	($5,727)	($5,298)	($4,864)	($4,799)	($4,922)	($4,521)	($4,557)	($4,843)	($3,724)	($3,580)	($3,870)	($3,681)	($3,027)	($2,819)	($2,507)	($1,743)	($1,446)	($1,462)	($1,386)	($887)	($856)	($462)	($438)	–	($396)	($366)	–	–	–	($326)	($301)	($301)	($284)	($271)	($230)	($198)	($186)	($170)
Gross profit	$3,539	$3,034	$3,385	$3,115	$2,802	$2,701	$3,139	$3,002	$2,916	$2,836	$2,835	$2,968	$1,969	$2,031	$2,028	$1,845	$1,798	$1,787	$1,251	$782	$702	$693	$657	$483	$456	$225	$213	–	$207	$200	–	–	–	$185	$190	$182	$171	$151	$136	$116	$103	$93
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	($58)	($59)	($32)	($24)	($25)	($22)	($21)	($21)	($14)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,530)	($1,497)	($1,529)	($1,446)	($1,455)	($1,360)	($1,523)	($1,474)	($1,509)	($1,363)	($1,380)	($1,510)	($1,031)	($989)	($974)	($893)	($863)	($878)	($674)	($491)	($443)	($438)	($408)	($297)	($280)	($165)	($156)	($162)	($148)	($143)	($122)	($127)	($126)	($135)	($118)	($115)	($108)	($92)	($84)	($70)	($62)	($58)
Total operating expenses	($2,713)	($2,674)	($4,059)	($1,810)	($2,644)	($1,677)	($1,752)	($1,779)	($1,987)	($1,792)	($1,793)	($1,822)	($1,197)	($1,112)	($1,117)	($1,067)	($1,014)	($996)	($799)	($498)	($445)	($464)	($437)	($306)	($292)	($170)	($158)	–	($148)	($143)	–	–	–	($135)	($131)	($128)	($120)	($102)	($94)	($78)	($69)	($64)
Total costs and expenses	($8,331)	($8,691)	($9,400)	($6,873)	($8,372)	($6,975)	($6,616)	($6,578)	($6,909)	($6,313)	($6,350)	($6,666)	($4,921)	($4,692)	($4,987)	($4,748)	($4,041)	($3,814)	($3,306)	($2,241)	($1,891)	($1,926)	($1,823)	($1,193)	($1,147)	($632)	($597)	($601)	($543)	($508)	($489)	($475)	($566)	($461)	($432)	($429)	($404)	($373)	($324)	($277)	($254)	($234)
Operating income	$826	$360	($674)	$1,306	$158	$1,024	$1,387	$1,223	$929	$1,044	$1,043	$1,145	$772	$919	$910	$778	$784	$791	$452	$284	$257	$229	$221	$177	$165	$55	$55	$41	$59	$57	$53	$54	$62	$51	$60	$54	$52	$49	$43	$38	$34	$29
Earnings
EBITDA	$1,157	$707	($391)	$1,546	$382	$1,259	$1,606	$1,433	$1,135	$1,250	$1,254	$1,367	$930	$1,076	$1,064	$899	$896	$899	$532	$347	$316	$300	$277	$216	$202	$83	$82	$67	$82	$80	$75	$71	$83	$66	$47	$42	$40	$38	–	–	–	–
Interest income	–	–	–	–	($152)	–	–	–	–	–	–	–	–	–	–	$2	$3	$3	$7	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($363)	($381)	($389)	($264)	($152)	($161)	($177)	($189)	($208)	($174)	($163)	($171)	($80)	($79)	($93)	($81)	($70)	($65)	($62)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($1)	–	–	($1)	–
Pre-tax income	$422	($62)	($1,047)	$996	($9)	$844	$1,172	$1,027	$702	$861	$878	$978	$523	$850	$817	$701	$717	$731	$396	$255	$241	$216	$205	$177	$155	$50	$50	$42	$62	$61	$53	$45	$55	$53	$62	$56	$52	$50	$45	$39	$35	$30
Income tax expense	($192)	($76)	($184)	($252)	($82)	($212)	($296)	($247)	($187)	$478	($286)	($289)	($178)	($284)	($273)	($242)	($238)	($237)	($130)	($84)	($84)	($72)	($74)	($66)	($59)	($19)	($18)	($15)	($24)	($24)	($22)	($15)	($22)	($22)	($24)	($22)	($21)	($20)	($17)	($16)	($17)	($14)
Net income	$230	($139)	($1,231)	$744	($91)	$632	$876	$780	$514	$1,339	$592	$689	$345	$565	$544	$460	$480	$494	$266	$170	$157	$143	$129	$111	$96	$31	$31	$26	$38	$32	$31	$29	$36	$30	$33	$34	$32	$30	$28	$23	$18	$16
Per share
Diluted EPS (GAAP)	$2.14	($1.30)	($11.57)	$7.13	($0.86)	$5.83	$7.79	$6.84	$4.52	$11.78	$5.10	$5.76	$3.33	$5.42	$5.00	$4.06	$4.05	$4.15	$3.11	$3.00	$2.76	$2.45	$2.24	$2.24	$2.02	$1.31	$1.12	$1.27	$1.85	$1.54	$1.49	$1.42	$1.75	$1.11	$1.20	$1.24	$1.15	$1.10	$1.01	$0.83	$0.64	$0.58
Basic EPS (GAAP)	$2.15	($1.30)	($11.57)	$7.14	($0.86)	$5.84	$7.79	$6.84	$4.52	$11.79	$5.11	$5.77	$3.33	$5.42	$5.00	$4.06	$4.06	$4.15	$3.11	$3.03	$2.79	$2.48	$2.26	$2.24	$2.04	$1.33	$1.13	$1.27	$1.85	$1.54	$1.49	$1.42	$1.76	$1.11	$1.20	$1.24	$1.15	$1.10	$1.01	$0.83	$0.64	$0.58
Basic shares outstanding	107	107	106	104	106	108	112	113	113	113	116	119	103	104	109	113	118	119	85	56	56	58	57	50	47	23	27	21	21	21	21	21	21	27	27	27	27	27	27	27	27	27
Margins
Gross margin	38.7%	33.5%	38.8%	38.1%	32.8%	33.8%	39.2%	38.5%	37.2%	38.5%	38.4%	38.0%	34.6%	36.2%	34.4%	33.4%	37.3%	38.8%	33.3%	31.0%	32.7%	32.2%	32.2%	35.2%	34.8%	32.7%	32.7%	–	34.3%	35.3%	–	–	–	36.3%	38.8%	37.7%	37.6%	35.8%	37.2%	37.0%	35.7%	35.4%
Operating margin	9.0%	4.0%	(7.7%)	16.0%	1.8%	12.8%	17.3%	15.7%	11.8%	14.2%	14.1%	14.7%	13.6%	16.4%	15.4%	14.1%	16.3%	17.2%	12.0%	11.3%	12.0%	10.6%	10.8%	12.9%	12.5%	8.0%	8.4%	6.4%	9.8%	10.1%	9.8%	10.2%	9.9%	9.9%	12.2%	11.3%	11.3%	11.6%	11.7%	12.0%	11.8%	11.0%
Net margin	2.5%	(1.5%)	(14.1%)	9.1%	(1.1%)	7.9%	11.0%	10.0%	6.6%	18.2%	8.0%	8.8%	6.1%	10.1%	9.2%	8.3%	9.9%	10.7%	7.1%	6.7%	7.3%	6.7%	6.3%	8.1%	7.3%	4.5%	4.7%	4.1%	6.3%	5.6%	5.7%	5.6%	5.8%	6.0%	6.7%	7.1%	7.0%	7.1%	7.5%	7.3%	6.1%	6.1%

Analyst consensus

Buy31 analysts

Bearish · 2 · Hold · 13 · Bullish · 16

Earnings history

	EPS	Estimate
Q2 2025	$2.76	$2.50	Beat
Q3 2025	$2.61	$2.37	Beat
Q4 2025	$2.31	$2.24	Beat
Q1 2026	$1.90	$1.93	Miss
Q2 2026	$2.10	$2.10	Match
Q3 2026	$2.38	$2.27	Beat
Q4 2026	$2.77	$2.64	Beat
Q1 2027	$3.24	$2.22	Beat

Peers

Company overview

IPO dateOct 31, 1994

CEOCaptain Mark T. Smucker

Employees8,000

SectorConsumer Defensive

IndustryPackaged Foods

CountryUS

ExchangeNew York Stock Exchange

Websitewww.jmsmucker.com

The J. M. Smucker Company is an international enterprise specializing in the production and marketing of a diverse portfolio of branded food and beverage items. Its operations are organized into three principal U.S. retail divisions: Pet Foods, Coffee, and Consumer Foods. The company's extensive product offerings encompass various coffee options, including roast, ground, single-serve, and premium blends; a wide selection of spreads such as peanut butter and fruit preserves; cooking staples like shortening and oils; convenient frozen sandwiches and snacks; and a full range of pet food and treats. Additionally, Smucker provides hot beverages, portion-controlled items, and flour products for the foodservice sector, alongside frozen handheld meals, juices, beverages, and baking ingredients. These items are marketed under numerous recognizable brands, including Meow Mix, 9Lives, Kibbles 'n Bits, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish, Nature's Recipe, Folgers, Café Bustelo, Dunkin', 1850, Jif, Smucker's, Smucker's Uncrustables, Robin Hood, and Five Roses. The company distributes its products through a vast network, utilizing both direct sales and brokers to reach grocery stores, club stores, discount and dollar retailers, online platforms, pet specialty stores, natural food outlets and their distributors, pharmacies, military commissaries, and large mass merchandisers. Founded in 1897, The J. M. Smucker Company is headquartered in Orrville, Ohio.

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