SJM

MKT CAP:$10B

The J. M. Smucker Company

Market Cap

$10B

Consumer Defensive·Packaged Foods·🇺🇸 United States·NYSE

Consumer Def.·Packaged Foods·🇺🇸·NYSE

Stock Price

$96.14-$0.49 (-0.51%)

Apr 20, 2026

Company Details

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ...

CEO

Captain Mark T. Smucker

IPO Date

Oct 31, 1994

Website

www.jmsmucker.com

Key Metrics TTM

Revenue

$8.9B

+1.6% YoY

Net Income

-$1.3B

EPS (Diluted)

-$11.79

Free Cash Flow

$971M

Revenue / Share

$83.66

Gross Margin

32.7%

Operating Margin

3.4%

Net Margin

-14.1%

FCF Margin

10.9%

P/S

1.1x

P/E

—

Earnings Reports

Q3 2026

Feb 26, 2026

$2.3B+7.0%EPS -$6.79

Q2 2026

Nov 25, 2025

$2.3B+2.6%EPS $2.26

Q1 2026

Aug 27, 2025

$2.1B-0.6%EPS -$0.41

FY 2025

Jun 18, 2025

$8.7B+6.7%EPS -$11.57

Q4 2025

Jun 18, 2025

$2.1B-2.8%EPS -$6.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$2.0B	$667M	$302M
Q1 23	$1.9B	$553M	$180M
Q2 23	$2.2B	$701M	$293M
Q3 23	$2.2B	$756M	$318M
Q4 23	$2.2B	$792M	-$634M
Q1 24	$1.8B	$655M	$304M
Q2 24	$1.9B	$724M	$299M
Q3 24	$2.2B	$823M	$297M
Q4 24	$2.2B	$913M	$406M
Q1 25	$2.1B	$797M	$350M
Q2 25	$2.3B	$886M	$170M
Q3 25	$2.2B	$878M	-$594M
Q4 25	$2.1B	$823M	-$599M
Q1 26	$2.1B	$475M	$46M
Q2 26	$2.3B	$782M	$384M
Q3 26	$2.3B	$837M	$474M

Valuation

Quarter	P/S	P/E
Q4 22	1.3x	16.2x
Q1 23	1.3x	17.4x
Q2 23	1.2x	17.8x
Q3 23	1.2x	14.3x
Q4 23	1.2x	—
Q1 24	1.2x	—
Q2 24	1.2x	—
Q3 24	1.2x	—
Q4 24	1.2x	13.7x
Q1 25	1.2x	13.7x
Q2 25	1.2x	19.4x
Q3 25	1.2x	—
Q4 25	1.2x	—
Q1 26	1.2x	—
Q2 26	1.2x	—
Q3 26	1.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$394M	$221M
Q1 23	-$39M	-$127M
Q2 23	$205M	$103M
Q3 23	$585M	$443M
Q4 23	$437M	$299M
Q1 24	$218M	$68M
Q2 24	$177M	$28M
Q3 24	$407M	$250M
Q4 24	$428M	$298M
Q1 25	$173M	$49M
Q2 25	$404M	$317M
Q3 25	$239M	$151M
Q4 25	$394M	$299M
Q1 26	-$11M	-$95M
Q2 26	$347M	$280M
Q3 26	$559M	$487M

Capital Expenditures

Quarter	CapEx
Q4 22	$173M
Q1 23	$88M
Q2 23	$102M
Q3 23	$142M
Q4 23	$139M
Q1 24	$150M
Q2 24	$149M
Q3 24	$157M
Q4 24	$131M
Q1 25	$124M
Q2 25	$87M
Q3 25	$88M
Q4 25	$95M
Q1 26	$84M
Q2 26	$66M
Q3 26	$72M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+5.9%	+3.0%
Q1 23	+0.8%	+5.9%
Q2 23	+7.6%	+10.0%
Q3 23	+7.7%	-0.4%
Q4 23	+9.9%	+65.6%
Q1 24	-3.6%	-11.3%
Q2 24	-12.1%	-14.2%
Q3 24	+0.6%	+1.8%
Q4 24	-1.3%	-37.3%
Q1 25	+17.7%	+18.2%
Q2 25	+17.2%	+28.2%
Q3 25	-1.9%	+43.9%
Q4 25	-2.8%	+52.4%
Q1 26	-0.6%	+16.5%
Q2 26	+2.6%	-7.4%
Q3 26	+7.0%	-32.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$7M	0.3%
Q1 23	$8M	0.4%
Q2 23	-$3M	-0.1%
Q3 23	$6M	0.3%
Q4 23	$14M	0.6%
Q1 24	$5M	0.3%
Q2 24	$9M	0.4%
Q3 24	$2M	0.1%
Q4 24	$8M	0.4%
Q1 25	$9M	0.4%
Q2 25	$7M	0.3%
Q3 25	$9M	0.4%
Q4 25	$5M	0.2%
Q1 26	$9M	0.4%
Q2 26	$9M	0.4%
Q3 26	$3M	0.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 22	$49M	—	—	$353M
Q1 23	—	—	—	$344M
Q2 23	—	—	—	$354M
Q3 23	—	—	—	$381M
Q4 23	—	$221M	$160M	—
Q1 24	—	—	—	$314M
Q2 24	—	—	—	$334M
Q3 24	—	—	—	$374M
Q4 24	$49M	—	—	$425M
Q1 25	—	—	—	$390M
Q2 25	—	—	—	$391M
Q3 25	—	—	—	$368M
Q4 25	—	—	—	$381M
Q1 26	—	—	$377M	—
Q2 26	—	—	—	$398M
Q3 26	—	—	$363M	—

Revenue Segments

Quarter	International and Away From Home	U.S. Retail Coffee	U.S. Retail Consumer Foods	U.S. Retail Pet Foods	Sweet Baked Snacks
Q4 22	$271M	$647M	$397M	$718M	—
Q1 23	$235M	$598M	$311M	$729M	—
Q2 23	$298M	$710M	$432M	$765M	—
Q3 23	$288M	$735M	$434M	$759M	—
Q4 23	$304M	$693M	$453M	$785M	—
Q1 24	$275M	$625M	$464M	$441M	—
Q2 24	$325M	$686M	$464M	$464M	—
Q3 24	$299M	$728M	$437M	$465M	$300M
Q4 24	$300M	$666M	$451M	$453M	$337M
Q1 25	$272M	$623M	$497M	$400M	$334M
Q2 25	$321M	$704M	$485M	$445M	$316M
Q3 25	$299M	$741M	$445M	$423M	$279M
Q4 25	$309M	$739M	$450M	$396M	$251M

Revenue by Geography

Quarter	All Other International	United States	Canada
Q4 22	$164M	$1.9B	—
Q1 23	$132M	$1.8B	—
Q2 23	$167M	$2.1B	—
Q3 23	$161M	$2.1B	—
Q4 23	$162M	$2.1B	—
Q1 24	$155M	$1.7B	—
Q2 24	$166M	$1.8B	—
Q3 24	$157M	$2.1B	—
Q4 24	$144M	$2.1B	—
Q1 25	$138M	$2.0B	—
Q2 25	$169M	$2.1B	—
Q3 25	$145M	$2.1B	—
Q4 25	$156M	$2.0B	—
Q3 26	—	$2.2B	$90M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$170M	$0	$170M
Q1 23	$152M	$0	$152M
Q2 23	$27M	$0	$27M
Q3 23	$104M	$0	$104M
Q4 23	$656M	$488M	$1.1B
Q1 24	$241M	$460M	$701M
Q2 24	$3.6B	$433M	$4.1B
Q3 24	$36M	$0	$36M
Q4 24	$62M	$0	$62M
Q1 25	$40M	$0	$40M
Q2 25	$49M	$0	$49M
Q3 25	$47M	$0	$47M
Q4 25	$70M	$0	$70M
Q1 26	$39M	$0	$39M
Q2 26	$63M	$0	$63M
Q3 26	$53M	$0	$53M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	108M	-0.6%	-1.0%
Q1 23	106M	-1.3%	-1.8%
Q2 23	107M	+0.5%	-1.1%
Q3 23	107M	-0.3%	-1.8%
Q4 23	105M	-1.1%	-2.2%
Q1 24	103M	-2.8%	-3.7%
Q2 24	102M	-0.1%	-4.2%
Q3 24	106M	+3.4%	-0.7%
Q4 24	106M	+0.5%	+0.9%
Q1 25	106M	-0.1%	+3.7%
Q2 25	107M	+0.4%	+4.2%
Q3 25	107M	0.0%	+0.8%
Q4 25	106M	-0.3%	0.0%
Q1 26	107M	+0.2%	+0.3%
Q2 26	107M	+0.3%	+0.2%
Q3 26	107M	-0.2%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$303.6K	7K
Q1 23	$279.6K	7K
Q2 23	$329.1K	7K
Q3 23	$330.8K	7K
Q4 23	$385.3K	6K
Q1 24	$311.2K	6K
Q2 24	$334.2K	6K
Q3 24	$384.3K	6K
Q4 24	$245.1K	9K
Q1 25	$236.1K	9K
Q2 25	$252.4K	9K
Q3 25	$242.9K	9K
Q4 25	$268.0K	8K
Q1 26	$264.2K	8K
Q2 26	$291.3K	8K
Q3 26	$292.4K	8K

Revenue / Employee