The Scotts Miracle-Gro Company (SMG) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Agricultural Inputs
EV/EBITDA
↓
14.06
↓-18% vs avg
5yr avg: 17.24
30Y Low6.9·High25.5
P/FCF
↓
13.71
↓-30% vs avg
5yr avg: 19.53
30Y Low6.6·High59.8
P/B Ratio
↑
N/A
—
5yr avg: 12.16
30Y Low1.4·High16.1
ROE
↓
N/A
—
5yr avg: -7.8%
30Y Low-75%·High84%
Debt/EBITDA
↑
5.49
↓-5% vs avg
5yr avg: 5.79
30Y Low1.4·High8.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Scotts Miracle-Gro Company trades at 26.2x earnings, 33% above its 5-year average of 19.7x, sitting at the 84th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 11%. On a free-cash-flow basis, the stock trades at 13.7x P/FCF, 30% below the 5-year average of 19.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $3.3B | $4.9B | $2.9B | $2.4B | $8.4B | $8.7B | $5.7B | $4.5B | $5.9B | $5.2B |
| Enterprise Value | $6.1B | $5.7B | $7.4B | $5.8B | $5.6B | $10.7B | $10.4B | $7.4B | $6.5B | $7.1B | $6.4B |
| P/E Ratio → | 26.19 | 23.06 | — | — | — | 16.33 | 22.45 | 12.45 | 70.29 | 26.82 | 16.36 |
| P/S Ratio | 1.10 | 0.98 | 1.39 | 0.81 | 0.60 | 1.70 | 2.11 | 1.82 | 1.69 | 2.22 | 1.82 |
| P/B Ratio | — | — | — | — | 16.06 | 8.26 | 12.38 | 7.88 | 12.33 | 8.69 | 6.89 |
| P/FCF | 13.71 | 12.21 | 8.44 | 6.60 | — | 50.86 | 17.57 | 31.09 | 16.39 | 20.60 | 28.83 |
| P/OCF | 10.11 | 9.00 | 7.38 | 5.45 | — | 30.84 | 15.59 | 25.28 | 13.13 | 16.55 | 21.75 |
P/E links to full P/E history page with 30-year chart
SMG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Scotts Miracle-Gro Company's enterprise value stands at 14.1x EBITDA, 18% below its 5-year average of 17.2x. The Basic Materials sector median is 11.0x, placing the stock at a 28% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.67 | 2.07 | 1.62 | 1.42 | 2.18 | 2.51 | 2.33 | 2.43 | 2.70 | 2.27 |
| EV / EBITDA | 14.06 | 13.11 | 25.47 | — | — | 13.13 | 15.25 | 9.44 | 22.95 | 13.91 | 12.07 |
| EV / EBIT | 17.01 | 16.22 | 54.52 | — | — | 14.18 | 17.56 | 10.78 | 32.05 | 18.26 | 14.39 |
| EV / FCF | — | 20.76 | 12.63 | 13.16 | — | 65.15 | 20.93 | 39.94 | 23.62 | 25.11 | 35.89 |
SMG Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Scotts Miracle-Gro Company earns an operating margin of 10.5%, roughly in line with the Basic Materials sector average. Operating margins have expanded from -4.9% to 10.5% over the past 3 years, signaling improving operational efficiency. ROIC of 13.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 30.6% | 23.9% | 18.5% | 22.2% | 29.8% | 32.6% | 32.3% | 32.5% | 36.8% | 35.1% |
| Operating Margin | 10.5% | 10.5% | 5.9% | -4.9% | -11.1% | 14.7% | 14.2% | 21.9% | 7.5% | 16.4% | 16.2% |
| Net Profit Margin | 4.3% | 4.3% | -1.0% | -10.7% | -11.1% | 10.4% | 9.4% | 14.6% | 2.4% | 8.3% | 11.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -75.4% | 59.7% | 54.2% | 84.4% | 12.3% | 30.7% | 45.9% |
| ROA | 5.2% | 5.2% | -1.1% | -9.9% | -9.6% | 12.5% | 12.1% | 15.1% | 2.2% | 7.9% | 12.0% |
| ROIC | 13.3% | 13.3% | 6.7% | -4.4% | -9.7% | 18.9% | 18.6% | 22.0% | 6.9% | 16.4% | 18.4% |
| ROCE | 17.4% | 17.4% | 8.8% | -5.8% | -12.4% | 23.7% | 24.2% | 28.5% | 8.6% | 19.6% | 22.2% |
SMG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Scotts Miracle-Gro Company carries a Debt/EBITDA ratio of 5.5x, which is highly leveraged (126% above the sector average of 2.4x). Net debt stands at $2.3B ($2.4B total debt minus $37M cash). Interest coverage of just 2.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 22.14 | 2.56 | 2.39 | 2.27 | 5.53 | 2.08 | 1.76 |
| Debt / EBITDA | 5.49 | 5.49 | 8.70 | — | — | 3.18 | 2.47 | 2.12 | 7.14 | 2.73 | 2.47 |
| Net Debt / Equity | — | — | — | — | 21.55 | 2.32 | 2.37 | 2.24 | 5.44 | 1.90 | 1.69 |
| Net Debt / EBITDA | 5.40 | 5.40 | 8.45 | — | — | 2.88 | 2.45 | 2.09 | 7.02 | 2.49 | 2.38 |
| Debt / FCF | — | 8.56 | 4.19 | 6.56 | — | 14.28 | 3.36 | 8.85 | 7.23 | 4.50 | 7.07 |
| Interest Coverage | 2.72 | 2.72 | 0.85 | -1.55 | -3.73 | 9.58 | 6.70 | 6.71 | 2.34 | 5.26 | 7.71 |
SMG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means The Scotts Miracle-Gro Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.47x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.81x to 1.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.31 | 1.81 | 2.06 | 1.77 | 1.28 | 1.68 | 1.45 | 1.62 | 1.66 |
| Quick Ratio | 0.47 | 0.47 | 0.52 | 0.67 | 0.66 | 0.79 | 0.63 | 0.81 | 0.66 | 0.87 | 0.90 |
| Cash Ratio | 0.05 | 0.05 | 0.10 | 0.04 | 0.09 | 0.21 | 0.02 | 0.03 | 0.06 | 0.22 | 0.08 |
| Asset Turnover | — | 1.24 | 1.24 | 1.04 | 0.91 | 1.03 | 1.22 | 1.04 | 0.87 | 0.96 | 1.01 |
| Inventory Turnover | 4.00 | 4.00 | 4.60 | 3.29 | 2.27 | 3.07 | 4.48 | 3.95 | 3.74 | 4.10 | 4.11 |
| Days Sales Outstanding | — | 19.99 | 18.16 | 31.27 | 27.81 | 35.83 | 41.95 | 35.67 | 42.55 | 39.59 | 38.83 |
SMG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Scotts Miracle-Gro Company returns 4.6% to shareholders annually — split between a 4.1% dividend yield and 0.5% buyback yield. The payout ratio exceeds 100% at 106.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 4.6% | 3.1% | 5.2% | 7.0% | 1.7% | 4.7% | 2.2% | 2.7% | 2.1% | 2.3% |
| Payout Ratio | 106.3% | 106.3% | — | — | — | 27.9% | 106.1% | 27.0% | 188.4% | 55.1% | 36.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 4.3% | — | — | — | 6.1% | 4.5% | 8.0% | 1.4% | 3.7% | 6.1% |
| FCF Yield | 7.3% | 8.2% | 11.8% | 15.1% | — | 2.0% | 5.7% | 3.2% | 6.1% | 4.9% | 3.5% |
| Buyback Yield | 0.5% | 0.6% | 0.1% | 0.3% | 10.9% | 1.5% | 0.6% | 0.1% | 7.3% | 4.4% | 2.7% |
| Total Shareholder Yield | 4.6% | 5.2% | 3.2% | 5.5% | 17.9% | 3.3% | 5.3% | 2.2% | 10.0% | 6.4% | 4.9% |
| Shares Outstanding | — | $59M | $57M | $56M | $56M | $57M | $57M | $56M | $57M | $60M | $62M |
Peer Comparison
Compare SMG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SMGYou | $4B | 26.2 | 14.1 | 13.7 | 30.6% | 10.5% | — | 13.3% | 5.5 |
 SPB | $2B | 21.8 | 11.1 | 11.7 | 36.7% | 4.4% | 4.9% | 3.9% | 2.9 |
 CENT | $3B | 16.9 | 9.3 | 9.3 | 31.1% | 8.5% | 10.4% | 9.1% | 4.1 |
 ANDE | $2B | 25.4 | 12.9 | — | 6.5% | 1.2% | 6.6% | 4.6% | 4.0 |
 AMGN | $182B | 23.7 | 14.4 | 22.5 | 70.8% | 29.1% | 106.1% | 14.8% | 3.4 |
 ICL | $7B | 28.6 | 6.9 | 51.0 | 30.6% | 9.8% | 3.7% | 6.3% | 2.1 |
 NTR | $30B | 13.3 | 6.7 | 14.8 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
 MOS | $7B | 13.5 | 5.5 | — | 15.1% | 8.7% | 4.5% | 4.8% | 2.4 |
 CF | $16B | 11.5 | 5.4 | 8.8 | 38.5% | 33.4% | 18.9% | 18.7% | 1.2 |
 AVD | $76M | -1.5 | 7.8 | — | 28.6% | 2.7% | -23.4% | 2.7% | 5.9 |
 CTVA | $53B | 49.1 | 13.3 | 18.7 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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SMG — Frequently Asked Questions
Quick answers to the most common questions about buying SMG stock.
What is The Scotts Miracle-Gro Company's P/E ratio?
The Scotts Miracle-Gro Company's current P/E ratio is 26.2x. The historical average is 24.4x. This places it at the 84th percentile of its historical range.
What is The Scotts Miracle-Gro Company's EV/EBITDA?
The Scotts Miracle-Gro Company's current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
Is SMG stock overvalued?
Based on historical data, The Scotts Miracle-Gro Company is trading at a P/E of 26.2x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Scotts Miracle-Gro Company's dividend yield?
The Scotts Miracle-Gro Company's current dividend yield is 4.06% with a payout ratio of 106.3%.
What are The Scotts Miracle-Gro Company's profit margins?
The Scotts Miracle-Gro Company has 30.6% gross margin and 10.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Scotts Miracle-Gro Company have?
The Scotts Miracle-Gro Company's Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.