Is the business good?
How good a business is SJM?
J.M. Smucker Company (The) earns 2.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.3%
Return on invested capital · cost of capital 9.0% · 6.7 points below what the capital costs: growth destroys value
- Operating margin
- 4.0%
Operating margin · Packaged Foods median 8.2% · 12 months to Q4 2026
- Gross margin
- 34%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 17% |
| FY2022 | 13% |
| FY2023 | 1.8% |
| FY2024 | 16% |
| FY2025 | −7.7% |
| FY2026 | 4.0% |
Details›
- Gross margin12 months to Q4 2026
- 34%
- Operating margin12 months to Q4 2026
- 4.0%
- Net margin12 months to Q4 2026
- −1.5%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $9.05B
- Free cash flow, trailing twelve months
- $1.16B
- Net income, trailing twelve months
- −$139M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.3%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.