Financials

The J.M. Smucker Company financials

SJM Food Products

The J.M. Smucker Company is a historic American food manufacturer founded in 1897, renowned for its flagship brands including Smucker's fruit spreads, Jif peanut butter, and Folgers coffee. It earns robust revenue from its diversified portfolio marketed through national retail channels. Under the leadership of CEO Mark Smucker since 2016, the company maintains a strong market position through its legacy of quality and extensive distribution network. It is actively investing in innovation, acquisitions, and sustainability initiatives to spur future growth.

Snapshot

The J.M. Smucker Company reported $9.05B in revenue in fiscal 2026, up 3.7% year over year, with an operating margin of 4.0%.

Revenue (FY2026): $9.05B
YoY growth: +3.7%
Operating margin: 4.0%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenues	9,050,900	8,726,100	8,178,700	8,529,200
Cost of Sales	6,016,400	5,341,400	5,063,300	5,727,400
Gross Profit	3,034,500	3,384,700	3,115,400	2,801,800
Selling, General & Administrative Expenses	1,496,600	1,529,000	1,446,200	1,455,000
Depreciation & Amortization Expenses	210,600	219,300	191,100	206,900
Other Operating Expenses	967,100	2,310,300	172,300	982,400
Operating Profit	360,200	(673,900)	1,305,800	157,500
Interest Expense	(381,200)	(388,700)	(264,300)	(152,000)
Non-Operating Income	(41,400)	15,800	(45,100)	(14,700)
Total Non-Operating Income	(422,600)	(372,900)	(309,400)	(166,700)
Income Before Provision for Income Taxes	(62,400)	(1,046,800)	996,400	(9,200)
Provision for Income Taxes	76,300	184,000	252,400	82,100
Consolidated Net Income	(138,700)	(1,230,800)	744,000	(91,300)
Net Income Attributable to Common Shareholders	(138,700)	(1,230,800)	744,000	(91,300)
Basic EPS	-1.30	-11.57	7.14	-0.86
Diluted EPS	-1.30	-11.57	7.13	-0.86
Basic Weighted Average Shares Outstanding	106,700	106,400	104,100	106,200
Diluted Weighted Average Shares Outstanding	106,700	106,400	104,400	106,200
Shares Outstanding	106,662	106,425	106,194	104,399

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Cash and Cash Equivalents	58,600	69,900	62,000	655,800
Short-Term Investments	—	—	—	487,800
Total Cash and Cash Equivalents	58,600	69,900	62,000	1,143,600
Accounts Receivable	656,300	619,000	736,500	597,600
Total Trade Receivables	656,300	619,000	736,500	597,600
Inventories	1,126,500	1,209,400	1,038,900	1,009,800
Other Current Assets	131,700	248,300	129,500	107,700
Total Current Assets	1,973,100	2,146,600	1,966,900	2,858,700
Net Property, Plant & Equipment	3,180,900	3,195,000	3,247,300	2,342,500
Net Intangible Assets	5,683,700	6,346,900	7,255,400	4,429,300
Goodwill	5,205,000	5,710,000	7,649,900	5,216,900
Other Long-Term Assets	176,700	164,800	154,200	144,000
Total Assets	16,219,400	17,563,300	20,273,700	14,991,400
Accounts Payable	1,175,100	1,288,700	1,336,200	1,392,600
Accrued Expenses	291,000	306,800	365,800	300,600
Short-Term Debt	420,900	640,800	591,000	—
Current Portion of Long-Term Debt	150,000	—	999,300	—
Current Portion of Leases	—	—	—	33,200
Other Current Liabilities	501,200	415,700	468,800	260,300
Total Current Liabilities	2,538,200	2,652,000	3,761,100	1,986,700
Long-Term Debt	6,392,800	7,036,800	6,773,700	4,314,200
Leases	125,300	84,100	143,500	77,200
Other Long-Term Liabilities	1,619,300	1,707,800	1,901,500	1,322,500
Total Long-Term Liabilities	8,137,400	8,828,700	8,818,700	5,713,900
Total Liabilities	10,675,600	11,480,700	12,579,800	7,700,600
Common Stock	26,700	26,600	26,500	26,100
Additional Paid-in Capital	5,752,500	5,738,700	5,713,900	5,371,800
Accumulated Other Comprehensive Income	(134,100)	(184,500)	(234,600)	(239,200)
Retained Earnings	(101,300)	501,800	2,188,100	2,132,100
Total Common Shareholders' Equity	5,543,800	6,082,600	7,693,900	7,290,800
Total Shareholders' Equity	5,543,800	6,082,600	7,693,900	7,290,800
Total Liabilities and Shareholders' Equity	16,219,400	17,563,300	20,273,700	14,991,400

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Net Income	(138,700)	(1,230,800)	744,000	(91,300)
Depreciation & Amortization	557,000	502,500	430,800	431,000
Share-Based Compensation Expense	23,600	29,900	23,900	25,600
Other Adjustments	936,100	2,207,500	75,200	790,000
Changes in Trade Receivables	(36,900)	117,200	41,500	(74,800)
Changes in Inventories	83,300	(180,600)	2,900	(134,600)
Changes in Accounts Payable	(112,000)	(36,500)	(81,700)	151,600
Changes in Accrued Expenses	(48,500)	(85,400)	99,400	400
Changes in Income Taxes Payable	142,600	(50,600)	(34,900)	9,500
Changes in Other Operating Activities	67,100	(62,800)	(71,700)	87,000
Cash from Operating Activities	1,473,600	1,210,400	1,229,400	1,194,400
Capital Expenditure	(317,400)	(393,800)	(586,500)	(477,400)
Proceeds from Sale of Property, Plant & Equipment	13,100	7,000	400	—
Proceeds from Sale of Investments	—	—	466,300	—
Payments for Business Acquisitions	—	—	(3,920,600)	—
Proceeds from Business Divestments	—	326,000	56,300	686,300
Other Investing Activities	45,500	(39,500)	19,500	47,300
Cash from Investing Activities	(258,800)	(100,300)	(3,964,600)	256,200
Issuance of Short-Term Debt	(251,500)	19,200	578,200	(185,900)
Net Issuance / (Repayments) of Short-Term Debt	(251,500)	19,200	578,200	(185,900)
Issuance of Long-Term Debt	—	650,000	4,285,000	—
Repayments of Long-Term Debt	(500,000)	(1,300,000)	(1,791,000)	—
Net Issuance / (Repayments) of Long-Term Debt	(500,000)	(650,000)	2,494,000	—
Issuance of Common Shares	—	—	—	21,600
Repurchases of Common Shares	(5,600)	(3,300)	(372,800)	(367,500)
Net Issuance / (Repurchases) of Common Shares	(5,600)	(3,300)	(372,800)	(345,900)
Common Share Dividends Paid	(464,700)	(455,400)	(437,500)	(430,200)
Other Financing Activities	(4,700)	(13,200)	(120,300)	(2,600)
Cash from Financing Activities	(1,226,500)	(1,102,700)	2,141,600	(964,600)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	400	500	(200)	(100)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(11,300)	7,900	(593,800)	485,900

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q4 2026	$2.27B	+5.8%	19.6%	$444M
Q3 2026	$2.34B	+7.0%	-23.4%	$-548M
Q2 2026	$2.33B	+2.6%	18.0%	$418M
Q1 2026	$2.11B	+-0.6%	2.2%	$46M
Q4 2025	$2.14B	—	-27.9%	$-599M
Q3 2025	$2.19B	—	-27.2%	$-594M
Q2 2025	$2.27B	—	7.5%	$170M
Q1 2025	$2.13B	—	16.4%	$350M

Revenue by quarter$M

$2.13B

Q1 '25

$2.27B

Q2 '25

$2.19B

Q3 '25

$2.14B

Q4 '25

$2.11B

Q1 '26

$2.33B

Q2 '26

$2.34B

Q3 '26

$2.27B

Q4 '26

33.5%

Gross margin

4.0%

Operating margin

-1.5%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-12

Snapshot

Financial statements

Quarterly trend

More on The J.M. Smucker Company

See how VectorShift works for your firm