SJMNYSECanned, Fruits, Veg, Preserves, Jams & JelliesFiscal year ends April 30
J M SMUCKER Co
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 26, 2026
$127.07−0.36 (-0.28%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- 3.46%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
33.5%−5.7 pts over 5 years
Operating margin
4.0%−13.3 pts over 5 years
Net margin
-1.5%−12.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | +2.0% | +2.5% | +1.5% | |
| Gross profit | -10.3% | +2.7% | -0.7% | +0.2% | |
| Operating income | – | +31.8% | -23.6% | -10.9% | |
| Free cash flow | +41.6% | +17.3% | -1.7% | -0.9% | |
| Dividend per share | +1.9% | +2.5% | +4.1% | +5.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 8.5% | 10.7% | -2.4% | |
| Return on assets | 3.7% | 5.3% | -0.8% | |
| Current ratio | 0.90 | 0.68 | 0.78 | |
| Debt to equity | 0.79 | 0.58 | 1.26 | |
| Inventory turnover | 5.0× | 5.2× | 5.2× | |
| Capex to revenue | 2.6% | 3.8% | 3.5% | |
| Diluted shares | 116M | 112M | – |
Where the cash went
Fiscal 2022 to 2026, five years combined
J M Smucker generated $6.24B from operations and spent $5.42B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$6.24B
Used
$5.42B
Capital expenditure$2.19B40%Dividends$2.21B41%Share buybacks$1.02B19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.5%
×Asset turnover0.54×
×Equity multiplier2.91×
=Return on equity, FY2026-2.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -1.5% | 0.54× | 2.91× | -2.4% |
| FY2025 | -14.1% | 0.46× | 2.75× | -17.9% |
| FY2024 | 9.1% | 0.46× | 2.35× | 9.9% |
| FY2023 | -1.1% | 0.55× | 2.01× | -1.2% |
| FY2022 | 7.9% | 0.49× | 1.99× | 7.8% |
| FY2021 | 11.0% | 0.48× | 2.04× | 10.7% |
| FY2020 | 10.0% | 0.46× | 2.08× | 9.6% |
| FY2019 | 6.6% | 0.49× | 2.02× | 6.5% |
| FY2018 | 18.2% | 0.48× | 2.10× | 18.2% |
| FY2017 | 8.0% | 0.47× | 2.28× | 8.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$138.70M
- Cash generatingOperating cash flow above zero$1.47B
- Return on assets improvedROA up on the prior year-6.1% → -0.8%
- Earnings backed by cashOperating cash flow above net income$1.47B vs -$138.70M
- Less leverageLong-term debt to assets fell40.1% → 39.4%
- Better liquidityCurrent ratio rose0.81 → 0.78
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year38.79% → 33.53%
- More efficientAsset turnover rose0.43 → 0.52