The J. M. Smucker Company (SJM) Income Statement
SJM FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsSJM revenue and net income
Where SJM's revenue goes
FY2026Each bar shows an amount and its share of revenue. SJM kept −1.5% of revenue as net income.
SJM profit margins
SJM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| 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% |
| Net income | — | — | — | — |
| EPS (diluted) | −9.6% | +0.9% | +0.1% | +4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SJM quarterly EPS vs estimates
Smucker beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 24, 2026 (estimate $2.50).
SJM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.05B | $8.73B | $8.18B | $8.53B | $8.00B | $8.00B | $7.80B | $7.84B | $7.36B | $7.39B |
| Cost of revenue | $6.02B | $5.34B | $5.06B | $5.73B | $5.30B | $4.86B | $4.80B | $4.92B | $4.52B | $4.56B |
| Gross profit | $3.03B | $3.38B | $3.12B | $2.80B | $2.70B | $3.14B | $3.00B | $2.92B | $2.84B | $2.84B |
| Research & development | — | — | $49.1M | $47.3M | $48.8M | $57.7M | $57.7M | $56.0M | $56.0M | $58.1M |
| Sales, general & admin | $1.50B | $3.06B | $1.45B | $2.44B | $1.36B | $1.52B | $1.47B | $1.51B | $1.56B | $1.38B |
| Total operating expenses | $2.67B | $4.06B | $1.81B | $2.64B | $1.68B | $1.75B | $1.78B | $1.99B | $1.79B | $1.79B |
| Operating income | $360.2M | −$673.9M | $1.31B | $157.5M | $1.02B | $1.39B | $1.22B | $928.6M | $1.04B | $1.04B |
| Interest income | — | $388.7M | $264.3M | $152.0M | $160.9M | $177.1M | $189.2M | $207.9M | $174.1M | $163.1M |
| Interest expense | $381.2M | $388.7M | $264.3M | $152.0M | $160.9M | $177.1M | $189.2M | $207.9M | $174.1M | $163.1M |
| Income before taxes | −$62.4M | −$1.05B | $996.4M | −$9.2M | $843.8M | $1.17B | $1.03B | $701.6M | $861.0M | $878.4M |
| Income taxes | $76.3M | $184.0M | $252.4M | $82.1M | $212.1M | $295.6M | $247.2M | $187.2M | −$477.6M | $286.1M |
| Net income | −$138.7M | −$1.23B | $744.0M | −$91.3M | $631.7M | $876.3M | $779.5M | $514.4M | $1.34B | $592.3M |
| EBITDA | $875.8M | −$155.6M | $1.69B | $573.8M | $1.46B | $1.80B | $1.66B | $1.36B | $1.45B | $1.46B |
| EPS (diluted) | $9.15 | $10.12 | $9.94 | $8.92 | $8.89 | $9.10 | $8.76 | $8.29 | $8.06 | $7.71 |
| Gross margin | 33.5% | 38.8% | 38.1% | 32.8% | 33.8% | 39.2% | 38.5% | 37.2% | 38.5% | 38.4% |
| Operating margin | 4.0% | −7.7% | 16.0% | 1.8% | 12.8% | 17.3% | 15.7% | 11.8% | 14.2% | 14.1% |
| Net margin | −1.5% | −14.1% | 9.1% | −1.1% | 7.9% | 11.0% | 10.0% | 6.6% | 18.2% | 8.0% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.22B | $2.27B | $2.34B | $2.33B | $2.11B | $2.14B | $2.19B | $2.27B | $2.13B | $2.21B | $2.23B | $1.94B |
| Cost of revenue | $1.24B | $1.41B | $1.51B | $1.46B | $1.64B | $1.32B | $1.31B | $1.39B | $1.33B | $1.29B | $1.41B | $1.21B |
| Gross profit | $979.6M | $862.1M | $827.8M | $869.9M | $474.7M | $823.3M | $878.1M | $886.1M | $797.2M | $913.3M | $823.1M | $724.2M |
| Research & development | — | — | — | — | — | — | — | — | — | $49.1M | — | — |
| Sales, general & admin | $410.5M | $357.8M | $726.4M | $398.2M | $377.4M | $761.2M | $735.2M | $390.7M | $390.1M | $424.9M | $374.2M | $333.5M |
| Total operating expenses | $468.0M | $417.6M | $1.38B | $451.4M | $429.1M | $1.42B | $1.47B | $716.4M | $447.7M | $507.3M | $525.7M | $425.3M |
| Operating income | $511.6M | $444.5M | −$548.4M | $418.5M | $45.6M | −$599.1M | −$594.0M | $169.7M | $349.5M | $406.0M | $297.4M | $298.9M |
| Interest income | — | — | $94.5M | $98.6M | $100.2M | $94.2M | $95.4M | $98.7M | — | — | — | — |
| Interest expense | $82.3M | $87.9M | $94.5M | $98.6M | $100.2M | $94.2M | $95.4M | $98.7M | $100.4M | $97.3M | $99.8M | $35.1M |
| Income before taxes | $427.9M | $327.6M | −$651.9M | $318.4M | −$56.5M | −$697.1M | −$662.5M | $66.8M | $246.0M | $313.1M | $195.5M | $249.4M |
| Income taxes | $103.6M | −$60.5M | $72.3M | $77.1M | −$12.6M | $31.9M | −$200,000 | $91.3M | $61.0M | $68.0M | $75.1M | $54.5M |
| Net income | $324.3M | $388.1M | −$724.2M | $241.3M | −$43.9M | −$729.0M | −$662.3M | −$24.5M | $185.0M | $245.1M | $120.4M | $194.9M |
| EBITDA | $637.7M | $549.9M | −$413.3M | $560.3M | $178.9M | −$479.5M | −$445.0M | $293.5M | $475.4M | $535.4M | $418.5M | $377.1M |
| EPS (diluted) | $3.24 | $2.77 | $2.38 | $2.10 | $1.90 | $2.31 | $2.61 | $2.76 | $2.44 | $2.66 | $2.48 | $2.59 |
| Gross margin | 44.1% | 38.0% | 35.4% | 37.3% | 22.5% | 38.4% | 40.2% | 39.0% | 37.5% | 41.4% | 36.9% | 37.4% |
| Operating margin | 23.1% | 19.6% | −23.4% | 18.0% | 2.2% | −27.9% | −27.2% | 7.5% | 16.4% | 18.4% | 13.3% | 15.4% |
| Net margin | 14.6% | 17.1% | −31.0% | 10.4% | −2.1% | −34.0% | −30.3% | −1.1% | 8.7% | 11.1% | 5.4% | 10.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SJM's financial statements (latest annual report filed June 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SJM financial results
In fiscal year 2026 (ended April 30, 2026), Smucker reported revenue of $9.1 billion, up 3.7% from the year before. It had a net loss of $138.7 million, a net profit margin of −1.5%. Diluted earnings per share came to $9.15. Over five years revenue grew at an average rate of 2.5% a year.
See the SJM stock overview for the latest quote and news, or the SJM chart for price history and technical indicators.
SJM income statement FAQ
What is Smucker's annual revenue?
Smucker reported total revenue of $9.1 billion for fiscal year 2026, which ended on April 30, 2026. That was up 3.7% from $8.7 billion the previous year.
Is Smucker profitable?
No. Smucker reported a net loss of $138.7 million in fiscal 2026, a net profit margin of −1.5%; its operating margin was 4.0%.
What is Smucker's gross margin?
Smucker's gross margin was 33.5% in fiscal 2026: for every $100 of revenue, Smucker kept $34 after the direct cost of its products and services.
How fast is Smucker growing?
Revenue grew 2.5% a year on average over the last five fiscal years, from $8.0 billion to $9.1 billion.
What are Smucker's earnings per share?
Smucker earned $9.15 per diluted share in fiscal 2026, compared with $10.12 a year earlier.
When will Smucker report its next earnings?
Smucker is expected to report results for the quarter ending October 31, 2026 on November 24, 2026 before the market opens.
When does Smucker's fiscal year end?
Smucker's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 9, 2026.