The J. M. Smucker Company
SJM Consumer Defensive Packaged Foods
The J. M. Smucker Company’s revenue for fiscal 2026 (year ended April 2026) was $9.1 billion, up 3.72% from fiscal 2025. In the quarter to July 2026, revenue grew 5.02%, EPS grew 841.5%, free cash flow grew 511.7% and total debt fell 15.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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The J. M. Smucker Company (SJM) Gross margin
The J. M. Smucker Company's gross margin over the twelve months to 31 July 2026 was 38.7%, up 5.1 percentage points from fiscal 2026 (33.5%). Over the past ten years it has ranged from 32.9% (fiscal 2023) to 39.2% (fiscal 2021); the current reading is higher than 17% of that period. That is above the Packaged Foods industry median of 27.5% and above the Consumer Defensive sector median of 34.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 33.5% | (5.26) |
| FY2025 | 38.8% | 0.70 |
| FY2024 | 38.1% | 5.24 |
| FY2023 | 32.9% | (0.91) |
| FY2022 | 33.8% | (5.46) |
| FY2021 | 39.2% | 0.74 |
| FY2020 | 38.5% | 1.28 |
| FY2019 | 37.2% | (1.35) |
| FY2018 | 38.6% | 0.20 |
| FY2017 | 38.4% | 0.36 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 44.1% | 6.13 |
| Apr 2026 | 38.0% | 2.62 |
| Jan 2026 | 35.4% | (1.94) |
| Oct 2025 | 37.3% | 14.87 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MKC McCormick & Company, Incorporated compare | 39.1% |
| SJM The J. M. Smucker Company | 38.7% |
| GIS General Mills, Inc. compare | 33.6% |
| DAR Darling Ingredients Inc. compare | 26.3% |
| LW Lamb Weston compare | 19.4% |
| HRL Hormel Foods Corporation compare | 15.7% |
| SFD Smithfield Foods, Inc. compare | 13.4% |
| JBS JBS N.V. compare | 11.8% |
| MICC The Magnum Ice Cream Company N.V. compare | — |
| Packaged Foods industry median | 27.5% |
| Consumer Defensive sector median | 34.8% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SJM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement