The Scotts Miracle-Gro Company (SMG) Income Statement
SMG FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSMG revenue and net income
Where SMG's revenue goes
FY2025Each bar shows an amount and its share of revenue. SMG kept 4.3% of revenue as net income.
SMG profit margins
SMG growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.9% | −4.5% | −3.7% | +1.2% |
| Gross profit | +22.8% | +6.2% | −5.0% | −0.2% |
| Operating income | +71.7% | — | −9.3% | +2.0% |
| Net income | — | — | −17.8% | −1.0% |
| EPS (diluted) | +66.1% | −3.1% | −12.5% | +0.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SMG quarterly EPS vs estimates
Scotts Miracle-Gro beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $-2.22).
SMG income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.41B | $3.55B | $3.55B | $3.92B | $4.92B | $4.13B | $3.16B | $2.66B | $2.64B | $2.84B |
| Cost of revenue | $2.37B | $2.70B | $2.89B | $3.05B | $3.46B | $2.78B | $2.14B | $1.80B | $1.67B | $1.84B |
| Gross profit | $1.04B | $850.5M | $657.3M | $872.9M | $1.47B | $1.35B | $1.02B | $864.6M | $972.6M | $995.4M |
| Research & development | $34.8M | $34.6M | $35.7M | $45.3M | $45.4M | $39.7M | $39.6M | $42.5M | $39.9M | $45.5M |
| Sales, general & admin | $556.9M | $510.5M | $493.0M | $536.7M | $669.0M | $686.6M | $528.8M | $468.7M | $489.1M | $468.4M |
| Total operating expenses | $685.6M | $641.7M | $831.7M | $1.31B | $746.0M | $761.8M | $602.6M | $540.1M | $550.9M | $597.1M |
| Operating income | $358.6M | $208.8M | −$174.4M | −$434.0M | $723.0M | $585.2M | $690.8M | $198.9M | $433.4M | $459.3M |
| Interest income | $131.6M | $226.9M | $279.2M | $131.0M | $64.5M | $79.6M | $98.5M | $81.5M | $10.0M | $3.9M |
| Interest expense | $128.8M | $158.8M | $178.1M | $118.1M | $78.9M | $88.1M | $101.8M | $86.4M | $74.4M | $57.9M |
| Income before taxes | $221.7M | −$23.6M | −$453.3M | −$558.1M | $677.1M | $510.6M | $581.6M | $115.7M | $314.9M | $392.7M |
| Income taxes | $76.5M | $11.3M | −$73.2M | −$120.6M | $159.8M | $123.7M | $144.9M | −$11.9M | $116.6M | $139.4M |
| Net income | $145.2M | −$34.9M | −$380.1M | −$437.5M | $512.5M | $387.4M | $460.7M | $63.7M | $218.3M | $320.3M |
| EBITDA | $425.5M | $215.8M | −$182.7M | −$334.8M | $849.8M | $684.9M | $772.3M | $286.5M | $469.4M | $515.1M |
| EPS (diluted) | $3.72 | $2.24 | $1.16 | $4.09 | $9.19 | $7.24 | $4.45 | $3.72 | $4.19 | $3.73 |
| Gross margin | 30.6% | 23.9% | 18.5% | 22.2% | 29.8% | 32.6% | 32.3% | 32.5% | 36.8% | 35.1% |
| Operating margin | 10.5% | 5.9% | −4.9% | −11.1% | 14.7% | 14.2% | 21.9% | 7.5% | 16.4% | 16.2% |
| Net margin | 4.3% | −1.0% | −10.7% | −11.1% | 10.4% | 9.4% | 14.6% | 2.4% | 8.3% | 11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.46B | $354.4M | $387.4M | $1.19B | $1.42B | $416.8M | $414.7M | $1.20B | $1.53B | $410.4M | $374.5M |
| Cost of revenue | $806.2M | $849.0M | $265.7M | $363.9M | $810.0M | $873.1M | $322.0M | $444.2M | $848.1M | $1.06B | $348.2M | $431.5M |
| Gross profit | $365.9M | $610.5M | $88.7M | $23.5M | $378.0M | $547.9M | $94.8M | −$29.5M | $354.1M | $463.7M | $62.2M | −$57.0M |
| Research & development | $8.0M | $7.3M | $9.8M | $9.1M | $9.0M | $9.1M | $7.6M | $9.4M | $8.6M | $8.2M | $8.4M | $9.5M |
| Sales, general & admin | $145.6M | $173.1M | $95.5M | $125.0M | $141.4M | $176.2M | $114.2M | $104.7M | $135.8M | $167.0M | $102.9M | $94.8M |
| Total operating expenses | $196.3M | $199.2M | $104.7M | $173.6M | $163.0M | $203.2M | $145.8M | $186.6M | $154.0M | $191.6M | $109.5M | $359.1M |
| Operating income | $169.6M | $411.3M | −$16.0M | −$150.1M | $215.0M | $344.7M | −$51.0M | −$216.1M | $200.1M | $272.1M | −$47.3M | −$416.1M |
| Interest income | — | — | $40.3M | $39.1M | $6.5M | $42.5M | $43.6M | $94.8M | — | — | — | $144.6M |
| Interest expense | $28.0M | $31.3M | $27.2M | $26.8M | $31.7M | $36.6M | $33.7M | $33.1M | $38.8M | $44.1M | $42.8M | $40.0M |
| Income before taxes | $155.2M | $364.9M | −$63.3M | −$190.6M | $207.3M | $300.9M | −$95.9M | −$312.2M | $183.0M | $219.8M | −$114.2M | −$560.6M |
| Income taxes | $51.6M | $101.6M | −$15.5M | −$38.8M | $58.2M | $83.4M | −$26.4M | −$68.2M | $50.9M | $62.3M | −$33.7M | −$92.2M |
| Net income | $112.2M | $238.6M | −$125.0M | −$151.8M | $149.1M | $217.5M | −$69.5M | −$244.0M | $132.1M | $157.5M | −$80.5M | −$468.4M |
| EBITDA | $207.2M | $412.3M | −$17.7M | −$145.3M | $257.7M | $356.5M | −$43.3M | −$259.0M | $242.2M | $284.0M | −$51.3M | −$498.5M |
| EPS (diluted) | $2.82 | $4.53 | −$0.77 | −$1.96 | $2.59 | $3.98 | −$0.89 | −$2.31 | $2.31 | $3.69 | −$1.45 | −$2.77 |
| Gross margin | 31.2% | 41.8% | 25.0% | 6.1% | 31.8% | 38.6% | 22.7% | −7.1% | 29.5% | 30.4% | 15.2% | −15.2% |
| Operating margin | 14.5% | 28.2% | −4.5% | −38.7% | 18.1% | 24.3% | −12.2% | −52.1% | 16.6% | 17.8% | −11.5% | −111.1% |
| Net margin | 9.6% | 16.3% | −35.3% | −39.2% | 12.6% | 15.3% | −16.7% | −58.8% | 11.0% | 10.3% | −19.6% | −125.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SMG's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SMG financial results
In fiscal year 2025 (ended September 30, 2025), Scotts Miracle-Gro reported revenue of $3.4 billion, down 3.9% from the year before. It had net income of $145.2 million, a net profit margin of 4.3%. Diluted earnings per share came to $3.72. Over five years revenue grew at an average rate of −3.7% a year.
See the SMG stock overview for the latest quote and news, or the SMG chart for price history and technical indicators.
SMG income statement FAQ
What is Scotts Miracle-Gro's annual revenue?
Scotts Miracle-Gro reported total revenue of $3.4 billion for fiscal year 2025, which ended on September 30, 2025. That was down 3.9% from $3.6 billion the previous year.
Is Scotts Miracle-Gro profitable?
Yes. Scotts Miracle-Gro reported net income of $145.2 million in fiscal 2025, a net profit margin of 4.3%; its operating margin was 10.5%.
What is Scotts Miracle-Gro's gross margin?
Scotts Miracle-Gro's gross margin was 30.6% in fiscal 2025: for every $100 of revenue, Scotts Miracle-Gro kept $31 after the direct cost of its products and services.
How much does Scotts Miracle-Gro spend on research and development?
Scotts Miracle-Gro spent $34.8 million on research and development in fiscal 2025, 1.0% of revenue.
How fast is Scotts Miracle-Gro growing?
Revenue grew −3.7% a year on average over the last five fiscal years, from $4.1 billion to $3.4 billion.
What are Scotts Miracle-Gro's earnings per share?
Scotts Miracle-Gro earned $3.72 per diluted share in fiscal 2025, compared with $2.24 a year earlier.
When will Scotts Miracle-Gro report its next earnings?
Scotts Miracle-Gro is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Scotts Miracle-Gro's fiscal year end?
Scotts Miracle-Gro's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.