SMG

MKT CAP:$4B

The Scotts Miracle-Gro Company

Market Cap

$4B

Basic Materials·Agricultural Inputs·🇺🇸 United States·NYSE

Materials·Agricultural·🇺🇸·NYSE

Stock Price

$67.20+$7.77 (+13.07%)

Apr 24, 2026

Company Details

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S...

CEO

James S. Hagedorn

IPO Date

Jan 31, 1992

Website

scottsmiraclegro.com

Key Metrics TTM

Revenue

$3.4B

-3.9% YoY

Net Income

$145M

EPS (Diluted)

$2.42

Free Cash Flow

$274M

Revenue / Share

$59.15

Gross Margin

30.6%

Operating Margin

10.5%

Net Margin

4.3%

FCF Margin

8.0%

P/S

1.1x

P/E

26.9x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Nov 25, 2025

$3.4B-3.9%EPS $2.47

Q4 2025

Nov 25, 2025

$387M-6.6%EPS -$2.63

Q3 2025

Aug 6, 2025

$1.2B-1.2%EPS $2.54

Q2 2025

May 7, 2025

$1.4B-6.8%EPS $3.72

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$566M	$119M	-$35M
Q2 22	$1.7B	$588M	$388M
Q3 22	$1.2B	$237M	-$563M
Q4 22	$494M	-$71M	-$224M
Q1 23	$527M	$96M	-$42M
Q2 23	$1.5B	$413M	$206M
Q3 23	$1.1B	$206M	$77M
Q4 23	$375M	-$57M	-$416M
Q1 24	$410M	$62M	-$47M
Q2 24	$1.5B	$464M	$272M
Q3 24	$1.2B	$354M	$200M
Q4 24	$415M	-$30M	-$216M
Q1 25	$417M	$95M	-$51M
Q2 25	$1.4B	$548M	$345M
Q3 25	$1.2B	$378M	$215M
Q4 25	$387M	$24M	-$150M

Valuation

Quarter	P/S	P/E
Q1 22	0.8x	9.4x
Q2 22	0.8x	8.0x
Q3 22	0.9x	—
Q4 22	1.0x	—
Q1 23	1.0x	—
Q2 23	1.0x	—
Q3 23	1.1x	—
Q4 23	1.1x	—
Q1 24	1.1x	—
Q2 24	1.1x	—
Q3 24	1.1x	—
Q4 24	1.1x	—
Q1 25	1.1x	—
Q2 25	1.1x	108.1x
Q3 25	1.1x	73.5x
Q4 25	1.1x	26.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$765M	-$811M
Q2 22	-$378M	-$397M
Q3 22	$463M	$430M
Q4 22	$551M	$536M
Q1 23	-$432M	-$461M
Q2 23	-$135M	-$158M
Q3 23	$563M	$541M
Q4 23	$535M	$516M
Q1 24	-$343M	-$381M
Q2 24	$304M	$288M
Q3 24	$588M	$575M
Q4 24	$119M	$102M
Q1 25	-$445M	-$475M
Q2 25	$188M	$180M
Q3 25	$454M	$438M
Q4 25	$174M	$131M

Capital Expenditures

Quarter	CapEx
Q1 22	$46M
Q2 22	$20M
Q3 22	$33M
Q4 22	$15M
Q1 23	$30M
Q2 23	$22M
Q3 23	$22M
Q4 23	$19M
Q1 24	$38M
Q2 24	$16M
Q3 24	$13M
Q4 24	$17M
Q1 25	$29M
Q2 25	$8M
Q3 25	$17M
Q4 25	$43M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-59.1%	-41.6%
Q2 22	+12.4%	+6.8%
Q3 22	-35.1%	+24.5%
Q4 22	-33.1%	-7.4%
Q1 23	-7.0%	-5.5%
Q2 23	-8.8%	+2.7%
Q3 23	-5.7%	-40.4%
Q4 23	-24.1%	+10.2%
Q1 24	-22.1%	-19.5%
Q2 24	-0.4%	-5.4%
Q3 24	+7.5%	-3.8%
Q4 24	+10.7%	-20.2%
Q1 25	+1.6%	+2.2%
Q2 25	-6.8%	-14.1%
Q3 25	-1.2%	-2.9%
Q4 25	-6.6%	-14.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	1.3%
Q2 22	$16M	0.9%
Q3 22	$6M	0.5%
Q4 22	$6M	1.2%
Q1 23	$21M	4.0%
Q2 23	$37M	2.4%
Q3 23	-$6M	-0.5%
Q4 23	$16M	4.3%
Q1 24	$16M	3.9%
Q2 24	$29M	1.9%
Q3 24	$21M	1.8%
Q4 24	$15M	3.5%
Q1 25	$16M	3.7%
Q2 25	$23M	1.6%
Q3 25	$18M	1.5%
Q4 25	$13M	3.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$13M	$116M	$18M
Q2 22	$12M	$134M	$49M
Q3 22	$10M	$88M	$30M
Q4 22	$10M	$79M	$23M
Q1 23	$9M	$97M	$15M
Q2 23	$8M	$120M	$52M
Q3 23	$9M	$67M	$47M
Q4 23	$10M	$86M	$9M
Q1 24	$8M	$86M	$17M
Q2 24	$8M	$105M	$62M
Q3 24	$9M	$89M	$46M
Q4 24	$9M	$89M	$15M
Q1 25	$8M	$97M	$18M
Q2 25	$9M	$114M	$62M
Q3 25	$9M	$92M	$50M
Q4 25	$9M	$102M	$23M

Revenue Segments

Quarter	Hawthorne	Other Segments	United States Consumer Segment
Q1 22	$191M	$33M	$342M
Q2 22	$203M	$96M	$1.4B
Q3 22	$155M	$127M	$905M
Q4 22	$169M	$23M	$302M
Q1 23	$132M	$26M	$369M
Q2 23	$93M	$81M	$1.4B
Q3 23	$93M	$109M	$916M
Q4 23	$150M	$24M	$201M
Q1 24	$80M	$24M	$307M
Q2 24	$66M	$79M	$1.4B
Q3 24	$68M	$117M	$1.0B
Q4 24	$81M	$25M	$310M
Q1 25	$52M	$24M	$341M
Q2 25	$33M	$77M	$1.3B
Q3 25	$31M	$127M	$1.0B

Revenue by Geography

Quarter	Non-US	United States
Q1 22	$59M	$507M
Q2 22	$103M	$1.6B
Q3 22	$135M	$1.1B
Q4 22	$72M	$421M
Q1 23	$62M	$465M
Q2 23	$84M	$1.4B
Q3 23	$110M	$1.0B
Q4 23	$86M	$289M
Q1 24	$45M	$366M
Q2 24	$84M	$1.4B
Q3 24	$119M	$1.1B
Q4 24	$58M	$357M
Q1 25	$38M	$379M
Q2 25	$77M	$1.3B
Q3 25	$122M	$1.1B
Q4 25	$42M	$346M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$17M	$0	$17M
Q3 22	$28M	$0	$28M
Q4 22	$87M	$0	$87M
Q1 23	$26M	$0	$26M
Q2 23	$25M	$0	$25M
Q3 23	$27M	$0	$27M
Q4 23	$32M	$0	$32M
Q1 24	$10M	$0	$10M
Q2 24	$65M	$0	$65M
Q3 24	$280M	$0	$280M
Q4 24	$72M	$0	$72M
Q1 25	$10M	$0	$10M
Q2 25	$17M	$0	$17M
Q3 25	$51M	$0	$51M
Q4 25	$37M	$0	$37M
Q1 26	$8M	$0	$8M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	55M	-2.6%	-1.8%
Q2 22	56M	+1.1%	-1.9%
Q3 22	55M	-1.1%	-3.0%
Q4 22	56M	+0.2%	-2.5%
Q1 23	56M	0.0%	+0.2%
Q2 23	57M	+1.8%	+0.9%
Q3 23	57M	+0.2%	+2.2%
Q4 23	56M	-0.7%	+1.3%
Q1 24	57M	+0.9%	+2.2%
Q2 24	57M	+1.2%	+1.6%
Q3 24	58M	+1.0%	+2.5%
Q4 24	57M	-1.9%	+1.2%
Q1 25	57M	+0.7%	+1.1%
Q2 25	58M	+1.9%	+1.7%
Q3 25	59M	+0.3%	+1.0%
Q4 25	58M	-1.5%	+1.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$77.5K	7K
Q2 22	$229.9K	7K
Q3 22	$162.5K	7K
Q4 22	$80.9K	6K
Q1 23	$86.3K	6K
Q2 23	$251.1K	6K
Q3 23	$183.4K	6K
Q4 23	$68.1K	6K
Q1 24	$74.6K	6K
Q2 24	$277.3K	6K
Q3 24	$218.6K	6K
Q4 24	$66.9K	6K
Q1 25	$67.2K	6K
Q2 25	$229.2K	6K
Q3 25	$191.6K	6K
Q4 25	$65.7K	6K

Revenue / Employee