Revenue growth remains inconsistent with a 2026Q3 rate of 8.0%, while gross margins have fluctuated significantly between 16.9% and 21.4% over the past ten quarters.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Dec'95 |
|---|
| Sales/Revenue | 1.16B | 1.11B | 1.07B | 999.69M | 955.87M | 858.48M | 880.09M | 876.2M | 888.6M | 846.63M | 952.06M | 887.25M | 778.62M | 734.33M | 700.58M | 674.21M | 561.63M | 553.85M | 541.77M | 541.38M | 579.56M | 581.73M | 520.81M | 408.53M | 343.25M | 341.45M | 333.32M | 319.2M | 317.4M | 133.1M | 277.7M |
| Revenue Growth % | 5.11% | 3.79% | 6.71% | 4.58% | 11.34% | -2.46% | 0.44% | -1.39% | 4.96% | -11.07% | 7.31% | 13.95% | 6.03% | 4.82% | 3.91% | 20.04% | 1.41% | 2.23% | 0.07% | -6.59% | -0.37% | 11.7% | 27.48% | 19.02% | 0.53% | 2.44% | 4.42% | 0.57% | 138.47% | -52.07% | 32.87% |
| Cost of Goods Sold | 948.5M | 903.77M | 852.64M | 788.05M | 756.24M | 673.5M | 704.32M | 717.93M | 749.78M | 704.71M | 814.59M | 755.19M | 655.76M | 614.37M | 593.52M | 590.02M | 466.85M | 481.45M | 475.54M | 500.25M | 541.91M | 503.3M | 428.97M | 347.04M | 294.93M | 283.28M | 263.85M | 260.4M | 252.3M | 107.3M | 223.1M |
| COGS % of Revenue | - | 81.62% | 79.93% | 78.83% | 79.12% | 78.45% | 80.03% | 81.94% | 84.38% | 83.24% | 85.56% | 85.12% | 84.22% | 83.66% | 84.72% | 87.51% | 83.12% | 86.93% | 87.77% | 92.4% | 93.5% | 86.52% | 82.37% | 84.95% | 85.92% | 82.96% | 79.16% | 81.58% | 79.49% | 80.62% | 80.34% |
| Gross Profit | 215.82M | 203.47M | 214.14M | 211.63M | 199.63M | 184.99M | 175.78M | 158.27M | 138.82M | 141.92M | 137.47M | 132.06M | 122.86M | 119.96M | 107.05M | 84.19M | 94.79M | 72.4M | 66.23M | 41.13M | 37.66M | 78.43M | 91.84M | 61.49M | 48.31M | 58.17M | 69.46M | 58.8M | 65.1M | 25.8M | 54.6M |
| Gross Margin % | 18.54% | 18.38% | 20.07% | 21.17% | 20.88% | 21.55% | 19.97% | 18.06% | 15.62% | 16.76% | 14.44% | 14.88% | 15.78% | 16.34% | 15.28% | 12.49% | 16.88% | 13.07% | 12.23% | 7.6% | 6.5% | 13.48% | 17.63% | 15.05% | 14.08% | 17.04% | 20.84% | 18.42% | 20.51% | 19.38% | 19.66% |
| Gross Profit Growth % | - | -4.98% | 1.19% | 6.01% | 7.91% | 5.24% | 11.06% | 14.01% | -2.19% | 3.24% | 4.1% | 7.48% | 2.42% | 12.06% | 27.16% | -11.18% | 30.92% | 9.31% | 61.03% | 9.23% | -51.99% | -14.61% | 49.36% | 27.28% | -16.94% | -16.26% | 18.14% | -9.68% | 152.33% | -52.75% | 46.38% |
| Operating Expenses | 119.48M | 118.76M | 128.95M | 121.41M | 112.19M | 99.81M | 97.23M | 100.83M | 84.12M | 84.88M | 87.51M | 83.23M | 80.32M | 79.91M | 74.08M | 68.27M | 65.11M | 57.15M | 53.8M | 52.41M | 54.16M | 51.84M | 50.78M | 32.66M | 30.41M | 37.77M | 50.87M | 46.9M | 48.2M | 21.1M | 37.9M |
| OpEx % of Revenue | - | 10.73% | 12.09% | 12.14% | 11.74% | 11.63% | 11.05% | 11.51% | 9.47% | 10.03% | 9.19% | 9.38% | 10.32% | 10.88% | 10.57% | 10.13% | 11.59% | 10.32% | 9.93% | 9.68% | 9.34% | 8.91% | 9.75% | 8% | 8.86% | 11.06% | 15.26% | 14.69% | 15.19% | 15.85% | 13.65% |
| Selling, General & Admin | 121.08M | 120.61M | 132.48M | 122.73M | 115.89M | 101.21M | 98.79M | 100.83M | 84.12M | 82.74M | 85.66M | 83.23M | 80.32M | 79.91M | 75.47M | 69.3M | 65.11M | 57.15M | 53.8M | 55.46M | 55.1M | 51.84M | 50.78M | 44.09M | 39.9M | 37.77M | 40.4M | 37.83M | 40M | 16.8M | 30.3M |
| SG&A % of Revenue | - | 10.89% | 12.42% | 12.28% | 12.12% | 11.79% | 11.23% | 11.51% | 9.47% | 9.77% | 9% | 9.38% | 10.32% | 10.88% | 10.77% | 10.28% | 11.59% | 10.32% | 9.93% | 10.24% | 9.51% | 8.91% | 9.75% | 10.79% | 11.62% | 11.06% | 12.12% | 11.85% | 12.6% | 12.62% | 10.91% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1.6M | -1.85M | -3.53M | -1.32M | -3.7M | -1.4M | -1.56M | -1.09M | -1.41M | -1.3M | -1.36M | -3.05M | -4.45M | -1.57M | -1.39M | 4.64M | 0 | -332K | 1.76M | -3.05M | 302K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.2M | 4.3M | 7.6M |
| Operating Income | 96.34M | 84.71M | 85.19M | 90.22M | 87.44M | 85.18M | 78.55M | 54.38M | 56.11M | 58.34M | 51.31M | 51.88M | 47M | 41.62M | 32.97M | 10.26M | 29.67M | 15.58M | 10.67M | -11.28M | -16.5M | 26.59M | 41.06M | 28.83M | 17.9M | 20.4M | 18.6M | 11.9M | 16.9M | 4.7M | 16.7M |
| Operating Margin % | 8.27% | 7.65% | 7.99% | 9.03% | 9.15% | 9.92% | 8.92% | 6.21% | 6.31% | 6.89% | 5.39% | 5.85% | 6.04% | 5.67% | 4.71% | 1.52% | 5.28% | 2.81% | 1.97% | -2.08% | -2.85% | 4.57% | 7.88% | 7.06% | 5.22% | 5.97% | 5.58% | 3.73% | 5.32% | 3.53% | 6.01% |
| Operating Income Growth % | - | -0.56% | -5.58% | 3.19% | 2.65% | 8.44% | 44.45% | -3.09% | -3.83% | 13.7% | -1.09% | 10.39% | 12.92% | 26.22% | 221.5% | -65.44% | 90.44% | 46.01% | 194.61% | 31.66% | -162.08% | -35.25% | 42.44% | 61.04% | -12.25% | 9.7% | 56.28% | -29.59% | 259.57% | -71.86% | 209.26% |
| EBITDA | 129.56M | 116.18M | 111.79M | 112.36M | 107.15M | 103.49M | 96.48M | 71.42M | 71.54M | 73.9M | 67.9M | 68.16M | 63.27M | 58.34M | 50.09M | 27.22M | 45.5M | 31.5M | 26.41M | 2.31M | -6.5M | 37.09M | 52.25M | 40.08M | 26.46M | 28.85M | 26.77M | 19.8M | 25.1M | 9M | 24.3M |
| EBITDA Margin % | 11.13% | 10.49% | 10.48% | 11.24% | 11.21% | 12.05% | 10.96% | 8.15% | 8.05% | 8.73% | 7.13% | 7.68% | 8.13% | 7.94% | 7.15% | 4.04% | 8.1% | 5.69% | 4.88% | 0.43% | -1.12% | 6.38% | 10.03% | 9.81% | 7.71% | 8.45% | 8.03% | 6.2% | 7.91% | 6.76% | 8.75% |
| EBITDA Growth % | 23.98% | 3.93% | -0.51% | 4.87% | 3.54% | 7.26% | 35.09% | -0.17% | -3.2% | 8.85% | -0.39% | 7.73% | 8.46% | 16.46% | 83.99% | -40.16% | 44.42% | 19.27% | 1045.9% | 135.44% | -117.54% | -29.02% | 30.38% | 51.43% | -8.26% | 7.77% | 35.19% | -21.12% | 178.89% | -62.96% | 113.16% |
| D&A (Non-Cash Add-back) | 33.22M | 31.47M | 26.6M | 22.14M | 19.71M | 18.31M | 17.93M | 17.05M | 15.43M | 15.56M | 16.59M | 16.28M | 16.28M | 16.72M | 17.12M | 16.97M | 15.82M | 15.92M | 15.74M | 13.58M | 10M | 10.5M | 11.19M | 11.25M | 8.56M | 8.45M | 8.17M | 7.9M | 8.2M | 4.3M | 7.6M |
| EBIT | 93.21M | 81.42M | 82.49M | 87.51M | 83.62M | 81.26M | 74.72M | 55.49M | 52.81M | 57.05M | 49.95M | 48.83M | 42.55M | 40.05M | 31.59M | 9.23M | 28.52M | 14.3M | 3.65M | -11.75M | -18.28M | 26.59M | 41.06M | 28.83M | 17.9M | 20.4M | 18.6M | 11.93M | 16.9M | 4.7M | 16.7M |
| Net Interest Income | -3.22M | -3.55M | -2.55M | -2.16M | -1.92M | -1.44M | -2M | -3.06M | -3.46M | -2.91M | -3.49M | -3.97M | -4.35M | -4.75M | -5.36M | -6.44M | -5.65M | -7.65M | -10.5M | -9.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.22M | 3.55M | 2.55M | 2.16M | 1.92M | 1.44M | 2M | 3.06M | 3.46M | 2.91M | 3.49M | 3.97M | 4.35M | 4.75M | 5.36M | 6.44M | 5.65M | 7.65M | 10.5M | 9.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -6.35M | -6.85M | -5.25M | -4.87M | -5.74M | -5.36M | -5.84M | -6.1M | -6.84M | -4.21M | -4.85M | -7.01M | -7.16M | -6.32M | -6.75M | -7.47M | -6.8M | -8.92M | -17.52M | -9.82M | -7.13M | -2.82M | -3.97M | -4.2M | -5.17M | -7.74M | -7.33M | -8.76M | -8.2M | -3.8M | -7M |
| Pretax Income | 89.99M | 77.86M | 79.94M | 85.35M | 81.7M | 79.82M | 72.71M | 52.43M | 49.27M | 54.14M | 46.46M | 44.86M | 39.83M | 35.3M | 26.22M | 2.79M | 22.87M | 6.66M | -6.85M | -21.25M | -23.63M | 23.77M | 37.1M | 24.63M | 12.73M | 12.66M | 11.26M | 3.2M | 8.7M | 900K | 9.7M |
| Pretax Margin % | 7.73% | 7.03% | 7.49% | 8.54% | 8.55% | 9.3% | 8.26% | 5.98% | 5.54% | 6.39% | 4.88% | 5.06% | 5.12% | 4.81% | 3.74% | 0.41% | 4.07% | 1.2% | -1.27% | -3.93% | -4.08% | 4.09% | 7.12% | 6.03% | 3.71% | 3.71% | 3.38% | 1% | 2.74% | 0.68% | 3.49% |
| Income Tax | 22.93M | 18.93M | 19.69M | 22.49M | 19.91M | 20.08M | 18.6M | 12.96M | 16.85M | 18.01M | 16.07M | 15.56M | 13.54M | 13.54M | 9.1M | -49K | 8.45M | -259K | -897K | -7.58M | -9.19M | 9.27M | 14.47M | 9.61M | 5.04M | 5.06M | 4.5M | 1.4M | 3.6M | 400K | 3.9M |
| Effective Tax Rate % | 25.48% | 24.31% | 24.63% | 26.35% | 24.37% | 25.15% | 25.58% | 24.72% | 34.2% | 33.27% | 34.58% | 34.68% | 34.01% | 38.35% | 34.7% | -1.76% | 36.93% | -3.89% | 13.09% | 35.66% | 38.89% | 39% | 39% | 39% | 39.61% | 40% | 40% | 43.75% | 41.38% | 44.44% | 40.21% |
| Net Income | 67.06M | 58.93M | 60.25M | 62.86M | 61.79M | 59.74M | 54.11M | 39.47M | 32.42M | 36.13M | 30.39M | 29.3M | 26.29M | 21.76M | 17.12M | 2.83M | 14.43M | 6.92M | -5.96M | -13.68M | -14.44M | 14.5M | 22.63M | 15.03M | 7.69M | 7.59M | 6.76M | 1.8M | 5.1M | 500K | 5.8M |
| Net Margin % | 5.76% | 5.32% | 5.65% | 6.29% | 6.46% | 6.96% | 6.15% | 4.5% | 3.65% | 4.27% | 3.19% | 3.3% | 3.38% | 2.96% | 2.44% | 0.42% | 2.57% | 1.25% | -1.1% | -2.53% | -2.49% | 2.49% | 4.35% | 3.68% | 2.24% | 2.22% | 2.03% | 0.56% | 1.61% | 0.38% | 2.09% |
| Net Income Growth % | 21% | -2.18% | -4.15% | 1.73% | 3.42% | 10.41% | 37.11% | 21.73% | -10.26% | 18.85% | 3.72% | 11.48% | 20.8% | 27.09% | 503.95% | -80.35% | 108.54% | 216.12% | 56.44% | 5.3% | -199.6% | -35.93% | 50.6% | 95.38% | 1.26% | 12.4% | 275.39% | -64.71% | 920% | -91.38% | -4.92% |
| Net Income (Continuing) | 67.06M | 58.93M | 60.25M | 62.86M | 61.79M | 59.74M | 54.11M | 39.47M | 32.5M | 36.13M | 30.39M | 29.3M | 26.29M | 21.76M | 17.12M | 2.83M | 14.43M | 6.92M | -5.96M | -13.58M | -16.72M | 14.5M | 22.63M | 15.03M | 7.69M | 7.59M | 6.76M | 1.8M | 5.1M | 500K | 5.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 5.68 | 5.03 | 5.15 | 5.40 | 5.33 | 5.17 | 4.69 | 3.43 | 2.83 | 3.17 | 2.68 | 2.61 | 2.36 | 1.98 | 1.58 | 0.26 | 1.34 | 0.65 | -0.56 | -1.29 | -1.36 | 1.35 | 2.32 | 1.61 | 0.84 | 0.83 | 0.74 | 0.20 | 0.56 | 0.05 | 0.63 |
| EPS Growth % | 20.46% | -2.33% | -4.63% | 1.31% | 3.09% | 10.23% | 36.73% | 21.2% | -10.73% | 18.28% | 2.68% | 10.59% | 19.19% | 25.32% | 507.69% | -80.6% | 106.15% | 216.07% | 56.59% | 5.15% | -200.74% | -41.81% | 44.1% | 91.67% | 1.2% | 12.16% | 270% | -64.29% | 1020% | -92.06% | -5.97% |
| EPS (Basic) | - | 5.06 | 5.19 | 5.43 | 5.36 | 5.19 | 4.72 | 3.45 | 2.85 | 3.19 | 2.71 | 2.63 | 2.38 | 2.00 | 1.60 | 0.27 | 1.36 | 0.65 | -0.56 | -1.29 | -1.36 | 1.37 | 2.35 | 1.63 | 0.84 | 0.83 | 0.74 | 0.20 | 0.56 | 0.05 | 0.63 |
| Diluted Shares Outstanding | 11.8M | 11.72M | 11.69M | 11.64M | 11.59M | 11.56M | 11.54M | 11.5M | 11.45M | 11.4M | 11.33M | 11.25M | 11.13M | 10.99M | 10.83M | 10.77M | 10.73M | 10.64M | 10.61M | 10.6M | 10.58M | 10.72M | 9.76M | 9.33M | 9.16M | 9.15M | 9.15M | 9.15M | 9.17M | 10M | 9.21M |
| Basic Shares Outstanding | 11.72M | 11.66M | 11.62M | 11.58M | 11.54M | 11.5M | 11.46M | 11.43M | 11.38M | 11.32M | 11.23M | 11.15M | 11.03M | 10.86M | 10.73M | 10.67M | 10.64M | 10.62M | 10.61M | 10.6M | 10.58M | 10.57M | 9.65M | 9.2M | 9.16M | 9.15M | 9.15M | 9.15M | 9.15M | 10M | 9.21M |
| Dividend Payout Ratio | - | 41.41% | 57.75% | 87.4% | 55.89% | 96.19% | 127.04% | 73.67% | 87.51% | 156.3% | 73.98% | 57.19% | 63.15% | 50.04% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Commodity Input Price Volatility
According to the latest quarterly financial data, JBSS experienced a revenue growth rate of 8.0% in 2026Q3, yet the top-line trajectory remains inconsistent, fluctuating between a 4.0% decline and an 18.0% increase over the past ten quarters, reflecting the inherent volatility of the nut processing industry.
The erratic revenue performance suggests that the company is highly susceptible to the timing of retail contract renewals and commodity-driven pricing adjustments. Investors should monitor whether the recent growth in 2026Q3 represents a sustainable shift in volume or merely a temporary benefit from favorable pricing pass-throughs.
Based on reported figures, gross margins have oscillated between 16.9% and 21.4% over the last ten quarters, highlighting the company's limited ability to fully insulate its profitability from the cyclical nature of raw nut procurement costs and the competitive pressures of the private label market.
The margin compression observed in recent periods suggests that JBSS struggles to maintain pricing power when input costs spike, forcing a reliance on volume to offset lower per-unit profitability. This structural vulnerability implies that consistent margin expansion is unlikely without a more significant pivot toward higher-margin, value-added branded products.
As indicated by the income statement, operating income has failed to scale consistently with gross profit, with operating margins fluctuating between 5.4% and 10.8% over the observed period, suggesting that fixed costs and SG&A expenses continue to exert significant pressure on the company's bottom-line efficiency.
The lack of clear operating leverage indicates that the company's cost structure is heavily weighted toward fixed operational requirements that do not easily flex with revenue growth. This may limit the potential for earnings expansion during periods of top-line acceleration, as incremental revenue is often absorbed by rising overhead.
Analysis of the quarterly data reveals that EPS growth has been highly erratic, ranging from a 60.0% increase to a 33.8% decline, which suggests that reported net income is frequently impacted by non-operating factors or inventory accounting adjustments rather than pure operational performance.
The significant quarterly swings in EPS warrant further investigation into the impact of LIFO inventory accounting and commodity hedging activities on the bottom line. Investors should be cautious in extrapolating recent earnings trends, as they appear to be heavily influenced by external commodity cycles rather than internal efficiency gains.
While the company maintains a strong balance sheet, the persistent volatility in gross margins, which dropped to 18.1% in 2026Q1, suggests that the business model remains fundamentally exposed to agricultural supply shocks that could undermine long-term profitability and shareholder value creation in a competitive retail environment.
Short-term margin compression risks are elevated given the company's reliance on raw nut inputs, which are subject to unpredictable climate and trade-related disruptions. The inability to consistently expand operating margins suggests that the company may be trapped in a low-growth, high-sensitivity cycle that limits its valuation multiple compared to more diversified food peers.
Quick answers to the most common questions about buying JBSS stock.
For fiscal year 2025, John B. Sanfilippo & Son, Inc. (JBSS) reported total revenue of $1.11B. This represents a 298.7% increase compared to $277.7M in 1996.
John B. Sanfilippo & Son, Inc. (JBSS) is profitable, generating $58.9M in net income for the fiscal year ending 2025 with a net profit margin of 5.3%.
John B. Sanfilippo & Son, Inc. (JBSS) reported an operating income of $84.7M, resulting in an operating profit margin of 7.7%. This margin reflects the operational efficiency of the business before interest and taxes.
John B. Sanfilippo & Son, Inc. (JBSS) generated $203.5M in gross profit for the year, representing a gross profit margin of 18.4%. This demonstrates the company's core pricing power and production efficiency.