The J. M. Smucker Company (SJM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 2.27B | 2.34B | 2.33B | 2.11B | 2.14B | 2.19B | 2.27B | 2.13B | 2.21B | 2.23B | 1.94B | 1.81B | 2.23B | 2.22B | 2.21B | 1.87B | 2.03B | 2.06B | 2.05B | 1.86B |
| Revenue Growth % | 5.8% | 7.02% | 2.59% | -0.56% | -2.81% | -1.94% | 17.16% | 17.72% | -1.3% | 0.58% | -12.09% | -3.62% | 9.88% | 7.74% | 7.57% | 0.81% | 5.92% | -0.94% | 0.79% | -5.77% |
| Cost of Goods Sold | 1.33B | 1.5B | 1.55B | 1.64B | 1.32B | 1.31B | 1.39B | 1.33B | 1.29B | 1.41B | 1.21B | 1.15B | 1.44B | 1.46B | 1.5B | 1.32B | 1.37B | 1.37B | 1.34B | 1.22B |
| COGS % of Revenue | 58.51% | 64.23% | 66.44% | 77.54% | 61.6% | 59.83% | 60.99% | 62.49% | 58.59% | 63.08% | 62.64% | 63.73% | 64.54% | 65.9% | 68.21% | 70.5% | 67.22% | 66.79% | 65.29% | 65.59% |
| Gross Profit | 941.1M | 836.8M | 781.9M | 474.7M | 823.3M | 878.1M | 886.1M | 797.2M | 913.3M | 823.1M | 724.2M | 654.8M | 792.4M | 755.8M | 701.1M | 552.5M | 666.7M | 683.1M | 711.5M | 639.4M |
| Gross Margin % | 41.49% | 35.77% | 33.56% | 22.46% | 38.4% | 40.17% | 39.01% | 37.51% | 41.41% | 36.92% | 37.36% | 36.27% | 35.46% | 34.1% | 31.79% | 29.5% | 32.78% | 33.21% | 34.71% | 34.41% |
| Gross Profit Growth % | 14.31% | -4.7% | -11.76% | -40.45% | -9.85% | 6.68% | 22.36% | 21.75% | 15.26% | 8.9% | 3.29% | 18.52% | 18.85% | 10.64% | -1.46% | -13.59% | -9.38% | -15.6% | -13.04% | -17.54% |
| Operating Expenses | 1.48B | 363.2M | 398.2M | 429.1M | 1.42B | 1.47B | 716.4M | 447.7M | 507.3M | 525.7M | 425.3M | 351.3M | 1.43B | 437.9M | 407.7M | 372.8M | 364.7M | 532.5M | 399.7M | 380M |
| OpEx % of Revenue | 65.42% | 15.53% | 17.09% | 20.3% | 66.35% | 67.34% | 31.54% | 21.07% | 23% | 23.58% | 21.94% | 19.46% | 63.8% | 19.76% | 18.49% | 19.9% | 17.93% | 25.89% | 19.5% | 20.45% |
| Selling, General & Admin | 357.8M | 363.2M | 398.2M | 377.4M | 380.6M | 367.6M | 390.7M | 390.1M | 424.9M | 374.2M | 333.5M | 313.6M | 381.1M | 380.9M | 354.3M | 343.8M | 352.6M | 336M | 347.7M | 324M |
| SG&A % of Revenue | 15.78% | 15.53% | 17.09% | 17.86% | 17.75% | 16.82% | 17.2% | 18.36% | 19.26% | 16.79% | 17.2% | 17.37% | 17.05% | 17.19% | 16.07% | 18.36% | 17.34% | 16.33% | 16.96% | 17.44% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48.8M | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | 2.23% | - | - | - | - | - | - | - | 2.4% | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Operating Income | -542.7M | 473.6M | 383.7M | 45.6M | -599.1M | -594M | 169.7M | 349.5M | 406M | 297.4M | 298.9M | 303.5M | -633.5M | 317.9M | 293.4M | 179.7M | 302M | 150.6M | 311.8M | 259.4M |
| Operating Margin % | -23.93% | 20.24% | 16.47% | 2.16% | -27.95% | -27.17% | 7.47% | 16.45% | 18.41% | 13.34% | 15.42% | 16.81% | -28.35% | 14.34% | 13.31% | 9.59% | 14.85% | 7.32% | 15.21% | 13.96% |
| Operating Income Growth % | 9.41% | 179.73% | 126.1% | -86.95% | -247.56% | -299.73% | -43.23% | 15.16% | 164.09% | -6.45% | 1.87% | 68.89% | -309.77% | 111.09% | -5.9% | -30.72% | 26.52% | -62.92% | -18.12% | -28.16% |
| EBITDA | -754.7M | 617.7M | 527M | 180.8M | -475.7M | -471.9M | 297.7M | 478.5M | 531M | 420.6M | 391.5M | 393.5M | -541.3M | 433.3M | 406.1M | 290.4M | 416.1M | 265.8M | 427.7M | 373.3M |
| EBITDA Margin % | -33.27% | 26.4% | 22.62% | 8.56% | -22.19% | -21.59% | 13.11% | 22.52% | 24.07% | 18.87% | 20.2% | 21.8% | -24.22% | 19.55% | 18.42% | 15.5% | 20.46% | 12.92% | 20.86% | 20.09% |
| EBITDA Growth % | -58.65% | 230.9% | 77.02% | -62.22% | -189.59% | -212.2% | -23.96% | 21.6% | 198.1% | -2.93% | -3.6% | 35.5% | -230.09% | 63.02% | -5.05% | -22.21% | 17.74% | -48.56% | -13.49% | -21.38% |
| D&A (Non-Cash Add-back) | -212M | 144.1M | 143.3M | 135.2M | 123.4M | 122.1M | 128M | 129M | 125M | 123.2M | 92.6M | 90M | 92.2M | 115.4M | 112.7M | 110.7M | 114.1M | 115.2M | 115.9M | 113.9M |
| EBIT | 418.7M | -557.4M | 413.8M | 43.7M | -602.9M | -567.1M | 165.5M | 346.4M | 410.4M | 295.3M | 284.5M | 270.5M | -643.3M | 313.3M | 292.6M | 180.2M | 298.2M | 149.1M | 309.1M | 248.3M |
| Net Interest Income | -87.9M | -94.5M | -98.6M | -100.2M | -91.2M | -92.4M | -98.7M | -100.4M | -97.3M | -99.8M | -31.7M | -32.1M | -35.3M | -37.9M | -39.7M | -39.1M | -38M | -39.5M | -40.3M | -43.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 87.9M | 94.5M | 98.6M | 100.2M | 91.2M | 92.4M | 98.7M | 100.4M | 97.3M | 99.8M | 31.7M | 32.1M | 35.3M | 37.9M | 39.7M | 39.1M | 38M | 39.5M | 40.3M | 43.1M |
| Other Income/Expense | 870.3M | -1.13B | -65.3M | -102.1M | -98M | -68.5M | -102.9M | -103.5M | -92.9M | -101.9M | -49.5M | -65.1M | -45.1M | -42.5M | -40.5M | -38.6M | -41.8M | -41M | -43M | -54.2M |
| Pretax Income | 327.6M | -651.9M | 318.4M | -56.5M | -697.1M | -662.5M | 66.8M | 246M | 313.1M | 195.5M | 249.4M | 238.4M | -678.6M | 275.4M | 252.9M | 141.1M | 260.2M | 109.6M | 268.8M | 205.2M |
| Pretax Margin % | 14.44% | -27.87% | 13.66% | -2.67% | -32.52% | -30.31% | 2.94% | 11.58% | 14.19% | 8.77% | 12.86% | 13.21% | -30.37% | 12.43% | 11.47% | 7.53% | 12.79% | 5.33% | 13.11% | 11.04% |
| Income Tax | -60.5M | 72.3M | 77.1M | -12.6M | 31.9M | -200K | 91.3M | 61M | 68M | 75.1M | 54.5M | 54.8M | -77.9M | 66.9M | 61.8M | 31.3M | 58.1M | 39.9M | 62.8M | 51.3M |
| Effective Tax Rate % | -18.47% | -11.09% | 24.21% | 22.3% | -4.58% | 0.03% | 136.68% | 24.8% | 21.72% | 38.41% | 21.85% | 22.99% | 11.48% | 24.29% | 24.44% | 22.18% | 22.33% | 36.41% | 23.36% | 25% |
| Net Income | 388.1M | -724.2M | 241.3M | -43.9M | -729M | -662.3M | -24.5M | 185M | 245.1M | 120.4M | 194.9M | 183.6M | -600.7M | 208.5M | 191.1M | 109.8M | 202.1M | 69.7M | 206M | 153.9M |
| Net Margin % | 17.11% | -30.96% | 10.36% | -2.08% | -34.01% | -30.3% | -1.08% | 8.71% | 11.11% | 5.4% | 10.05% | 10.17% | -26.88% | 9.41% | 8.67% | 5.86% | 9.94% | 3.39% | 10.05% | 8.28% |
| Net Income Growth % | 153.24% | -9.35% | 1084.9% | -123.73% | -397.43% | -650.08% | -112.57% | 0.76% | 140.8% | -42.25% | 1.99% | 67.21% | -397.23% | 199.14% | -7.23% | -28.66% | 37.48% | -73.35% | -10.75% | -35.06% |
| Net Income (Continuing) | 388.1M | -724.2M | 241.3M | -43.9M | -729M | -662.3M | -24.5M | 185M | 245.1M | 120.4M | 194.9M | 183.6M | -600.7M | 208.5M | 191.1M | 109.8M | 202.1M | 69.7M | 206M | 153.9M |
| Discontinued Operations | 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 |
| EPS (Diluted) | 3.64 | -6.79 | 2.26 | -0.41 | -6.85 | -6.21 | -0.23 | 1.74 | 2.30 | 1.14 | 1.90 | 1.79 | -5.69 | 1.95 | 1.79 | 1.03 | 1.87 | 0.64 | 1.90 | 1.42 |
| EPS Growth % | 153.14% | -9.34% | 1082.61% | -123.56% | -397.83% | -644.74% | -112.11% | -2.79% | 140.42% | -41.54% | 6.15% | 73.79% | -404.28% | 204.69% | -5.79% | -27.46% | 38.52% | -72.41% | -5.94% | -31.73% |
| EPS (Basic) | 3.64 | -6.79 | 2.26 | -0.41 | -6.85 | -6.22 | -0.23 | 1.74 | 2.31 | 1.14 | 1.91 | 1.79 | -5.69 | 1.96 | 1.79 | 1.03 | 1.88 | 0.64 | 1.90 | 1.42 |
| Diluted Shares Outstanding | 106.7M | 106.7M | 106.9M | 106.6M | 106.4M | 106.7M | 106.7M | 106.3M | 106.4M | 105.9M | 102.4M | 102.5M | 105.4M | 106.6M | 106.9M | 106.4M | 107.8M | 108.5M | 108.1M | 108.4M |
| Basic Shares Outstanding | 106.7M | 106.7M | 106.6M | 106.6M | 106.4M | 106.4M | 106.4M | 106.3M | 106.2M | 105.9M | 102.1M | 102.4M | 105.4M | 106.5M | 106.6M | 106.3M | 107.5M | 108.4M | 108.1M | 108.3M |
| Dividend Payout Ratio | 30.1% | - | 48.4% | - | - | - | - | 60.59% | 45.7% | 93.27% | 55.41% | 57.3% | - | 51.94% | 56.72% | 95.72% | 52.94% | 153.52% | 51.89% | 63.16% |