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The Scotts Miracle-Gro Company

SMG Basic Materials Agricultural Inputs

The Scotts Miracle-Gro Company’s revenue for fiscal 2025 (year ended September 2025) was $3.4 billion, down 3.93% from fiscal 2024. In the quarter to June 2026, revenue grew 1.10%, EPS fell 25.2%, free cash flow fell 26.6% and total debt fell 3.43%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

54.57 0.32 +0.59%
Market cap
$3.2B
P/E
43.7×
Fwd P/E
18.6×
Dividend yield
4.84%
F-score
6/9
Altman Z
2.55
Beneish M
−2.95
Dividend safety
30/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05
Total sells 5.47
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 — — — — — — — —
Sell — — — 1 — — — — 1 2 — —
Insider Ownership 23.49%

Capital & Financial Ratios $m

Market Cap 3,160.00
Revenue 3,483.50
Net Income 73.90
Free Cash Flow 263.30
Net Debt 2,085.60
Current Ratio 1.21
Debt/Equity (10.13) (negative: negative equity)
P/E ratio 43.66 (above 35: high)
Fwd P/E 18.60
P/S ratio 0.91
P/B ratio 0.00
Past 5Y EPS Growth (18.36%) (below 0%: weak)
This Y EPS Growth 18.16% (at or above 15%: strong)
Next Y EPS Growth 8.21%
Next Y revenue growth (3.61%) (below 0%: weak)
Next 5Y EPS Growth 11.40%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 2.3×; over the ten years it ranged from 1.3× in 2022 to 3.3× in 2017.
P/E against its own 10 years 84.34%
10-year low 10-year high
P/S against its own 10 years 9.03%
10-year low 10-year high
EV/Sales against its own 10 years 3.87%
10-year low 10-year high
EV/FCF against its own 10 years 32.57%
10-year low 10-year high

Dividends

Payout Ratio 2.30
Annual Dividend Rate 2.64
Annual Dividend Yield 4.84%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.68
0.66
0.66
0.66
2025 2.64
0.66
0.66
0.66
0.66
2024 2.64
0.66
0.66
0.66
0.66
2023 2.64
0.66
0.66
0.66
0.66
2022 2.64
0.66
0.66
0.66
0.66
2021 2.56
0.62
0.62
0.66
0.66
2020 1.78
0.58
0.58
5.00
0.62
2019 2.26
0.55
0.55
0.58
0.58
2018 2.16
0.53
0.53
0.55
0.55
2017 2.06
0.50
0.50
0.53
0.53
2016 1.94
0.47
0.47
0.50
0.50
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 32 72 37 28
Receivables 304 177 187 713
Inventory 880 588 593 481
Other — — — —
1,398 980 940 1,349
2023 2024 2025 Q'26
Payables 271 255 229 310
ST’ Debt 52 53 57 277
Other 450 443 453 524
774 750 740 1,111

Compound Annual Growth %

10y 5y 3y
Sales 3.71% (3.75%) (4.54%)
Cash Flow 4.16% (7.82%) 0.00%
Earnings (0.95%) (17.82%) 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue $m

Dec Mar Jun Sep Year
’26 354 1,460 1,172 — —
’25 367 1,390 1,159 498 3,413
’24 410 1,525 1,202 415 3,553
’23 527 1,532 1,119 375 3,551
’22 566 1,678 1,186 494 3,924
’21 749 1,829 1,610 738 4,925
’20 366 1,383 1,493 890 4,132
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (370) 220 346 — —
’25 (445) 188 454 174 371
’24 (343) 304 588 119 668
’23 (432) (135) 563 535 531
’22 (765) (377) 463 551 (129)
’21 (421) (279) 493 479 272
’20 (318) (289) 650 516 558
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (390) 201 321 — —
’25 (475) 180 438 131 274
’24 (381) 288 575 102 584
’23 (461) (157) 541 516 438
’22 (811) (389) 431 590 (179)
’21 (455) (298) 469 450 165
’20 (340) (296) 637 495 496
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 (2.16) 4.04 1.90 — —
’25 (1.21) 3.72 2.54 (2.63) 2.47
’24 (1.42) 2.74 2.28 (4.29) (0.61)
’23 (1.17) 1.94 0.77 (8.33) (6.79)
’22 (0.90) 4.94 (8.01) (3.97) (7.88)
’21 0.43 5.43 3.94 (0.86) 8.96
’20 (1.28) 4.47 3.55 0.07 6.81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 62.20 81.48 57.96 59.52 76.50 133.36 39.06 43.67 53.43 45.61

Analyst estimates 2026–2028

Powerpack
High 98.82 108.04 110.12 114.63 202.64 254.34 167.09 88.61 93.90 79.11
People
People Employees 5,100 4,700 5,150 5,600 5,932 7,300 6,100 6,500 6,200 5,900
Revenue/emp, $m 0.49 0.56 0.52 0.56 0.70 0.67 0.64 0.55 0.57 0.58
Income, $m
Income, $m Revenue 2,506 2,642 2,663 3,156 4,132 4,925 3,924 3,551 3,553 3,413
Gross margin, % 35.92 36.81 32.46 32.31 32.60 29.83 22.24 18.51 23.94 30.59
EBT 384 315 116 582 511 677 (558) (453) (24) 222
EBT margin, % 15.31 11.92 4.34 18.43 12.36 13.75 (14.22) (12.76) (0.66) 6.50
Net income 315 219 64 460 389 513 (437) (380) (35) 145
Depreciation 74 80 83 89 95 94 105 93 81 75
Per share, $
Per share, $ Revenue 41.02 44.48 47.39 56.86 74.18 86.10 70.70 63.42 62.55 59.26
Earnings 5.24 3.68 1.13 8.30 6.96 9.20 (7.88) (6.79) (0.61) 2.52
Cash flow 3.99 6.11 6.09 4.09 10.02 4.75 (2.32) 9.48 11.75 6.45
Capex (0.91) (1.08) (1.12) (0.73) (1.12) (1.87) (0.90) (1.66) (1.48) (1.69)
Free cash flow 3.08 5.04 4.97 3.36 8.90 2.88 (3.23) 7.83 10.27 4.76
Book value 12.02 11.14 6.40 13.03 12.62 17.72 2.66 (4.77) (6.88) (6.21)
Shares, m 61 59 56 56 56 57 56 56 57 58
Valuation, ×
Valuation, × P/E 15.92 26.80 70.39 12.25 21.94 15.91 0.00 0.00 0.00 22.60
P/S 2.03 2.21 1.66 1.79 2.06 1.70 0.60 0.75 1.39 0.96
P/B 6.93 8.83 12.32 7.81 12.12 8.26 16.06 0.00 0.00 0.00
EV/Sales 2.50 2.70 2.41 2.31 2.43 2.12 1.34 1.48 1.99 1.57
EV/FCF 33.36 23.80 22.95 39.06 20.22 63.24 (29.33) 11.97 12.13 19.55
Cash, $m
Cash, $m Operating cash flow 244 363 343 227 558 272 (129) 531 668 371
Capex (56) (64) (63) (40) (62) (107) (50) (93) (84) (97)
Free cash flow 188 299 279 187 496 165 (179) 438 584 274
Balance, $m
Balance, $m Working capital 326 337 273 421 266 884 1,018 624 230 201
Total debt 1,216 1,401 2,016 1,652 1,522 2,295 2,971 2,610 2,227 2,106
Net debt 1,187 1,281 1,983 1,633 1,505 2,050 2,884 2,578 2,155 2,070
Shareholders’ equity 734 662 360 723 703 1,013 148 (267) (391) (357)
Returns, %
Returns, % ROA 11.94 7.93 2.20 15.15 12.09 12.53 (9.62) (9.86) (1.11) 5.17
ROIC 14.56 13.95 5.31 10.87 16.57 14.75 (8.95) (4.72) 7.40 13.09
ROE 46.12 31.28 12.47 85.09 54.33 59.72 (75.37) 635.62 10.61 (38.82)
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

The Scotts Miracle-Gro Company vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTR Nutrien Ltd. $33.1B 14.4× 12.3× +3.58% (above 0%: growing) +0.80% (above 0%: growing) −5.72% (below 0%: shrinking) 30.07% 16.44% Compare
CF CF Industries Holdings, Inc. $18.1B 8.9× 6.2× +17.57% (above 0%: growing) +100.00% (above 0%: growing) +88.82% (above 0%: growing) 51.53% 50.45% Compare
CTVA Corteva, Inc. $8.6B 8.5× 28.9× −1.19% (below 0%: shrinking) −9.90% (below 0%: shrinking) −169.39% (below 0%: shrinking) 57.39% 26.21% Compare
ICL ICL Group Ltd. $6.4B 20.7× 20.4× +16.54% (above 0%: growing) +57.14% (above 0%: growing) +38.81% (above 0%: growing) 31.10% 12.46% Compare
MOS The Mosaic Company $6.0B — (loss-making) — (loss-making) −6.04% (below 0%: shrinking) n/m −149.10% (below 0%: shrinking) 7.60% (1.26%) Compare
SMG The Scotts Miracle-Gro Company $3.2B 43.7× 18.6× +1.10% (above 0%: growing) −25.19% (below 0%: shrinking) −26.61% (below 0%: shrinking) 31.22% 14.47%
UAN CVR Partners, LP $1.4B 8.3× — +19.95% (above 0%: growing) +99.73% (above 0%: growing) +177.34% (above 0%: growing) 57.09% 41.95% Compare
FMC FMC Corporation $874.2M — (loss-making) 6.4× −17.46% (below 0%: shrinking) n/m +882.90% (above 0%: growing) 39.45% (13.80%) Compare
IPI Intrepid Potash, Inc $434.2M 16.2× — (loss-making) −1.26% (below 0%: shrinking) +372.00% (above 0%: growing) −31.61% (below 0%: shrinking) 24.97% 1.59% Compare
Median of peers $6.2B 11.7× 12.3× +1.19% +78.44% +16.54% 35.28% 14.45%

All 18 Agricultural Inputs stocks →

The Scotts Miracle-Gro Company (SMG) key facts

  • Concern: The Scotts Miracle-Gro Company’s revenue for fiscal 2025 (year ended September 2025) was $3.4 billion, down 3.93% from fiscal 2024.
  • The Scotts Miracle-Gro Company (SMG) is an Agricultural Inputs company in the Basic Materials sector, listed on the New York Stock Exchange.
  • Net income was $145.2 million, or $2.52 per share (basic), a net margin of 4.25%.
  • As of October 16, 2026, SMG traded at $54.57, a market capitalization of $3.2 billion.
  • At that price the stock trades at 43.7× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 84% of its own readings over the past ten years.
  • The Scotts Miracle-Gro Company pays an annual dividend of $2.64 per share, a yield of 4.84%.
  • Return on equity was −38.8% and debt-to-equity -10.13.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.55 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

The Scotts Miracle-Gro Company (SMG) Latest News

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stockrow.com/SMG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com