J. M. Smucker (SJM) Financials

$117.88 +1.94 (+1.67%)

As of 03:58 PM Eastern

Annual Income Statements for J. M. Smucker

This table shows J. M. Smucker's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	345	689	592	1,339	514	780	876	632	-91	744
Consolidated Net Income / (Loss)	345	689	592	1,339	514	780	876	632	-91	744
Net Income / (Loss) Continuing Operations	345	689	592	1,339	514	780	876	632	-91	744
Total Pre-Tax Income	523	978	878	861	702	1,027	1,172	844	-9.20	996
Total Operating Income	772	1,145	1,043	1,044	929	1,223	1,387	1,024	158	1,306
Total Gross Profit	1,969	2,968	2,835	2,836	2,916	3,002	3,139	2,701	2,802	3,115
Total Revenue	5,693	7,811	7,392	7,357	7,838	7,801	8,003	7,999	8,529	8,179
Operating Revenue	5,693	7,811	7,392	7,357	7,838	7,801	8,003	7,999	8,529	8,179
Total Cost of Revenue	3,724	4,843	4,557	4,521	4,922	4,799	4,864	5,298	5,727	5,063
Operating Cost of Revenue	3,724	4,843	4,557	4,521	4,922	4,799	4,864	5,298	5,727	5,063
Total Operating Expenses	1,197	1,823	1,793	1,792	1,987	1,779	1,752	1,677	2,644	1,810
Selling, General & Admin Expense	1,031	1,510	1,380	1,363	1,509	1,474	1,523	1,360	1,455	1,446
Amortization Expense	110	208	207	207	240	236	233	224	207	191
Other Operating Expenses / (Income)	55	104	73	0.10	-31	-0.60	-3.40	-56	-41	29
Impairment Charge	1.20	0.00	133	177	205	52	3.80	150	0.00	0.00
Restructuring Charge	-	-	-	45	64	17	21	8.00	4.70	130
Other Special Charges / (Income)	-	-	-	-	-	-	-25	-9.60	1,019	13
Total Other Income / (Expense), net	-249	-167	-164	-183	-227	-196	-215	-180	-167	-309
Interest Expense	80	171	163	-	-	-	-	0.00	0.00	20
Interest & Investment Income	-	-	-	-174	-208	-189	-177	-161	-152	-264
Other Income / (Expense), net	-169	3.70	-1.10	-8.90	-19	-7.20	-38	-19	-15	-26
Income Tax Expense	178	289	286	-478	187	247	296	212	82	252
Basic Earnings per Share	$3.33	$5.77	$5.11	$11.79	$4.52	$6.84	$7.79	$5.84	($0.86)	$7.14
Weighted Average Basic Shares Outstanding	103.04M	118.92M	115.50M	113M	113.10M	114.04M	108.34M	106.46M	102.05M	106.20M
Diluted Earnings per Share	$3.33	$5.76	$5.10	$11.78	$4.52	$6.84	$7.79	$5.83	($0.86)	$7.13
Weighted Average Diluted Shares Outstanding	103.04M	118.92M	115.50M	113M	113.10M	114.04M	108.34M	106.46M	102.05M	106.20M
Weighted Average Basic & Diluted Shares Outstanding	103.04M	118.92M	115.50M	113M	113.10M	114.04M	108.34M	106.46M	102.05M	106.20M
Cash Dividends to Common per Share	$2.56	$2.68	$3.00	$3.12	$3.40	$3.52	$3.60	$3.96	$4.08	$4.24

This table shows J. M. Smucker's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	110	191	209	-601	184	195	120	245	185	-25	-662
Consolidated Net Income / (Loss)	110	191	209	-601	184	195	120	245	185	-25	-662
Net Income / (Loss) Continuing Operations	110	191	209	-601	184	195	120	245	185	-25	-662
Total Pre-Tax Income	141	253	275	-679	238	249	196	313	246	67	-663
Total Operating Income	180	293	318	-634	304	299	297	406	350	170	-594
Total Gross Profit	553	701	756	792	655	724	823	913	797	886	878
Total Revenue	1,873	2,205	2,216	2,235	1,805	1,939	2,229	2,206	2,125	2,271	2,186
Operating Revenue	1,873	2,205	2,216	2,235	1,805	1,939	2,229	2,206	2,125	2,271	2,186
Total Cost of Revenue	1,321	1,504	1,461	1,442	1,150	1,214	1,406	1,292	1,328	1,385	1,308
Operating Cost of Revenue	1,321	1,504	1,461	1,442	1,150	1,214	1,406	1,292	1,328	1,385	1,308
Total Operating Expenses	373	408	438	1,426	351	425	526	507	448	716	1,472
Selling, General & Admin Expense	344	354	381	376	314	334	374	425	390	391	368
Amortization Expense	56	56	56	40	40	40	56	56	56	56	54
Other Operating Expenses / (Income)	-27	-2.90	0.80	-12	-2.10	32	-3.40	-11	-5.50	-1.60	-12
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	1,003
Restructuring Charge	-	0.70	0.60	-	0.00	6.80	99	-	7.10	11	10
Other Special Charges / (Income)	-	-	-	-	-	14	0.30	-	-	261	50
Total Other Income / (Expense), net	-39	-41	-43	-45	-65	-50	-102	-93	-104	-103	-69
Interest Expense	-	0.00	0.00	-	-	20	0.00	-	-	0.00	-30
Interest & Investment Income	-39	-40	-38	-35	-32	-35	-100	-97	-100	-99	-95
Other Income / (Expense), net	0.50	-0.80	-4.60	-9.80	-33	5.10	-2.10	4.40	-3.10	-4.20	-3.40
Income Tax Expense	31	62	67	-78	55	55	75	68	61	91	-0.20
Basic Earnings per Share	$1.03	$1.79	$1.96	($5.64)	$1.79	$1.91	$1.14	$2.30	$1.74	($0.23)	($6.22)
Weighted Average Basic Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Diluted Earnings per Share	$1.03	$1.79	$1.95	($5.63)	$1.79	$1.90	$1.13	$2.31	$1.74	($0.23)	($6.22)
Weighted Average Diluted Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Weighted Average Basic & Diluted Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Cash Dividends to Common per Share	$1.02	$1.02	$1.02	-	$1.06	$1.06	$1.06	-	$1.08	$1.08	$1.08

This table details how cash moves in and out of J. M. Smucker's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-28	-16	57	26	-84	290	-57	-164	486	-594
Net Cash From Operating Activities	739	1,461	1,059	1,218	1,141	1,255	1,565	1,136	1,194	1,229
Net Cash From Continuing Operating Activities	739	1,461	1,059	1,218	1,141	1,255	1,565	1,136	1,194	1,229
Net Income / (Loss) Continuing Operations	345	689	592	1,339	514	780	876	632	-91	744
Consolidated Net Income / (Loss)	345	689	592	1,339	514	780	876	632	-91	744
Depreciation Expense	158	222	212	206	206	210	220	236	224	240
Amortization Expense	110	208	207	207	240	236	233	224	207	191
Non-Cash Adjustments To Reconcile Net Income	236	13	150	203	211	-139	62	201	1,081	144
Changes in Operating Assets and Liabilities, net	-109	330	-106	-736	-30	168	175	-155	-226	-89
Net Cash From Investing Activities	-1,596	22	-190	-278	-1,924	-272	311	-356	256	-3,965
Net Cash From Continuing Investing Activities	-1,596	22	-190	-278	-1,924	-272	311	-356	256	-3,965
Purchase of Property, Plant & Equipment	-248	-201	-192	-322	-360	-269	-307	-418	-477	-587
Acquisitions	-1,321	-8.10	-	0.00	-1,903	-	-	0.00	0.00	-3,921
Divestitures	0.00	194	41	0.00	370	0.00	564	130	686	56
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	466
Other Investing Activities, net	-30	34	-38	31	-31	-2.20	54	-68	47	20
Net Cash From Financing Activities	857	-1,499	-806	-922	699	-689	-1,944	-945	-965	2,142
Net Cash From Continuing Financing Activities	857	-1,499	-806	-922	699	-689	-1,944	-945	-965	2,142
Repayment of Debt	-4,194	-800	-200	-1,368	-700	-1,093	-867	-1,070	-189	-1,250
Repurchase of Common Equity	-24	-441	-438	-7.00	-5.40	-4.20	-678	-270	-368	-373
Payment of Dividends	-254	-317	-339	-350	-378	-397	-403	-418	-430	-438
Issuance of Debt	5,330	59	171	800	1,782	798	0.00	798	0.00	4,285
Other Financing Activities, net	-	-	-	3.90	0.00	7.10	4.50	16	22	-83
Effect of Exchange Rate Changes	-29	0.40	-6.20	7.40	-	-4.80	11	-0.70	-0.10	-0.20

This table details how cash moves in and out of J. M. Smucker's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-18	-125	77	552	-415	3,383	-3,588	26	-23	9.70	-2.00
Net Cash From Operating Activities	-39	205	585	444	218	177	407	428	173	404	239
Net Cash From Continuing Operating Activities	-39	205	585	444	218	177	407	428	173	404	239
Net Income / (Loss) Continuing Operations	110	191	209	-601	184	195	120	245	185	-25	-662
Consolidated Net Income / (Loss)	110	191	209	-601	184	195	120	245	185	-25	-662
Depreciation Expense	55	57	60	52	50	53	68	69	73	72	68
Amortization Expense	56	56	56	40	40	40	56	56	56	56	54
Non-Cash Adjustments To Reconcile Net Income	10	7.30	21	1,042	41	21	57	25	24	283	1,039
Changes in Operating Assets and Liabilities, net	-270	-106	239	-89	-96	-131	106	33	-165	18	-259
Net Cash From Investing Activities	-72	-138	-98	563	-152	-142	-3,568	-103	-172	-53	207
Net Cash From Continuing Investing Activities	-72	-138	-98	563	-152	-142	-3,568	-103	-172	-53	207
Purchase of Property, Plant & Equipment	-88	-102	-142	-145	-150	-149	-157	-131	-124	-87	-88
Other Investing Activities, net	17	-36	43	23	-1.60	6.90	-6.80	21	-49	34	4.80
Net Cash From Financing Activities	92	-191	-411	-455	-481	3,349	-428	-298	-23	-341	-447
Net Cash From Continuing Financing Activities	92	-191	-411	-455	-481	3,349	-428	-298	-23	-341	-447
Repayment of Debt	-3.10	120	-296	-8.90	-4.10	-28	-1,029	-189	-4.50	-130	-332
Repurchase of Common Equity	-7.80	-0.10	-0.10	-360	-372	-0.40	-0.10	-0.30	-2.60	-0.10	-0.40
Payment of Dividends	-105	-108	-108	-108	-105	-108	-112	-112	-112	-114	-114
Effect of Exchange Rate Changes	-	-	0.60	-	0.60	-1.30	1.20	-0.70	-	-	-1.70

This table presents J. M. Smucker's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	16,806	15,984	15,640	15,301	16,711	16,970	16,284	16,055	14,991	20,274
Total Current Assets	1,984	1,573	1,642	1,555	1,625	1,973	1,942	2,010	2,859	1,967
Cash & Equivalents	126	110	167	193	101	391	334	170	656	62
Accounts Receivable	430	450	439	386	504	551	534	525	598	737
Inventories, net	1,164	899	906	854	910	895	960	1,089	1,010	1,039
Other Current Assets	265	114	131	122	110	135	114	226	108	130
Plant, Property, & Equipment, net	1,678	1,628	1,618	1,729	1,912	1,969	2,002	2,132	2,240	3,073
Plant, Property & Equipment, gross	2,699	2,804	2,982	3,256	3,532	3,738	3,843	4,111	4,160	5,173
Accumulated Depreciation	1,021	1,177	1,364	1,527	1,620	1,769	1,842	1,980	1,921	2,100
Total Noncurrent Assets	13,144	12,783	12,380	12,017	13,174	13,028	12,341	11,913	9,893	15,234
Goodwill	6,012	6,091	6,077	5,942	6,311	6,305	6,024	6,016	5,217	7,650
Intangible Assets	6,950	6,494	6,150	5,917	6,719	6,429	6,041	5,652	4,429	7,255
Other Noncurrent Operating Assets	182	198	153	158	144	295	276	245	247	329
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	16,806	15,984	15,640	15,301	16,711	16,970	16,284	16,055	14,991	20,274
Total Liabilities	9,719	8,976	8,790	7,410	8,741	8,780	8,159	7,915	7,701	12,580
Total Current Liabilities	1,023	1,213	1,833	1,034	2,342	1,587	2,868	1,953	1,987	3,761
Short-Term Debt	226	284	953	144	1,225	248	1,235	180	0.00	1,590
Accounts Payable	403	459	477	512	591	782	1,034	1,193	1,393	1,336
Accrued Expenses	105	112	106	102	143	168	201	194	188	214
Other Current Liabilities	112	140	123	108	202	190	161	189	187	620
Total Noncurrent Liabilities	8,697	7,763	6,957	6,376	6,399	7,192	5,292	5,962	5,714	8,819
Long-Term Debt	5,945	5,146	4,446	4,688	4,686	5,373	3,517	4,311	4,314	6,774
Noncurrent Deferred & Payable Income Tax Liabilities	2,397	2,230	2,167	1,377	1,399	1,352	1,349	1,326	1,139	1,737
Other Noncurrent Operating Liabilities	91	88	88	105	110	218	210	157	150	308
Total Equity & Noncontrolling Interests	7,087	7,009	6,850	7,891	7,971	8,191	8,125	8,140	7,291	7,694
Total Preferred & Common Equity	7,087	7,009	6,850	7,891	7,971	8,191	8,125	8,140	7,291	7,694
Total Common Equity	7,087	7,009	6,850	7,891	7,971	8,191	8,125	8,140	7,291	7,694
Common Stock	6,038	5,889	5,753	5,769	5,785	5,823	5,555	5,485	5,398	5,740
Retained Earnings	1,159	1,268	1,241	2,239	2,368	2,747	2,848	2,893	2,132	2,188
Accumulated Other Comprehensive Income / (Loss)	-110	-148	-143	-117	-182	-379	-277	-237	-239	-235

This table presents J. M. Smucker's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	16,277	16,219	16,018	14,991	14,712	18,124	20,247	20,274	20,348	20,020	18,426
Total Current Assets	2,288	2,251	2,028	2,859	2,497	5,864	1,924	1,967	2,081	2,056	1,975
Cash & Equivalents	152	27	104	656	241	3,624	36	62	40	49	47
Accounts Receivable	605	610	534	598	592	588	790	737	735	805	654
Inventories, net	1,313	1,358	1,242	1,010	1,093	1,085	988	1,039	1,138	1,084	1,086
Other Current Assets	218	256	148	108	110	135	111	130	169	117	188
Plant, Property, & Equipment, net	2,139	2,199	2,274	2,240	2,290	2,389	3,005	3,073	3,095	3,087	3,052
Plant, Property & Equipment, gross	4,111	4,219	4,302	4,160	4,235	4,380	5,045	5,173	5,268	5,315	5,335
Accumulated Depreciation	1,972	2,021	2,027	1,921	1,946	1,990	2,040	2,100	2,173	2,228	2,284
Total Noncurrent Assets	11,850	11,770	11,715	9,893	9,925	9,870	15,318	15,234	15,172	14,878	13,399
Goodwill	6,017	6,006	6,010	5,217	5,221	5,213	7,668	7,650	7,650	7,396	6,570
Intangible Assets	5,597	5,539	5,484	4,429	4,391	4,349	7,310	7,255	7,200	6,780	6,511
Other Noncurrent Operating Assets	237	225	221	247	313	308	340	329	323	308	281
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	0.00	-	394	37
Total Liabilities & Shareholders' Equity	16,277	16,219	16,018	14,991	14,712	18,124	20,247	20,274	20,348	20,020	18,426
Total Liabilities	8,132	8,002	7,683	7,701	7,708	11,035	12,687	12,580	12,579	12,387	11,518
Total Current Liabilities	2,177	2,060	1,741	1,987	1,947	1,834	2,467	3,761	3,764	3,563	3,289
Short-Term Debt	388	302	0.00	0.00	-	-	418	1,590	1,697	1,488	1,462
Accounts Payable	1,243	1,261	1,231	1,393	1,301	1,250	1,253	1,336	1,244	1,234	1,133
Accrued Expenses	201	193	215	188	172	186	240	214	202	238	207
Other Current Liabilities	345	305	295	187	474	399	557	620	621	604	487
Total Noncurrent Liabilities	5,955	5,942	5,942	5,714	5,761	9,200	10,220	8,819	8,815	8,824	8,229
Long-Term Debt	4,312	4,312	4,313	4,314	4,315	7,772	8,121	6,774	6,775	6,777	6,386
Noncurrent Deferred & Payable Income Tax Liabilities	1,327	1,327	1,324	1,139	1,131	1,124	1,769	1,737	1,741	1,665	1,593
Other Noncurrent Operating Liabilities	317	303	305	150	315	305	329	308	299	277	251
Total Equity & Noncontrolling Interests	8,144	8,217	8,335	7,291	7,003	7,089	7,560	7,694	7,770	7,633	6,907
Total Preferred & Common Equity	8,144	8,217	8,335	7,291	7,003	7,089	7,560	7,694	7,770	7,633	6,907
Total Common Equity	8,144	8,217	8,335	7,291	7,003	7,089	7,560	7,694	7,770	7,633	6,907
Common Stock	5,484	5,489	5,496	5,398	5,268	5,278	5,733	5,740	5,742	5,750	5,760
Retained Earnings	2,893	2,976	3,076	2,132	1,965	2,051	2,055	2,188	2,260	2,122	1,345
Accumulated Other Comprehensive Income / (Loss)	-233	-247	-237	-239	-229	-241	-227	-235	-232	-239	-197

This table displays calculated financial ratios and metrics derived from J. M. Smucker's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.46%	37.21%	-5.36%	-0.48%	6.54%	-0.47%	2.59%	-0.05%	6.63%	-4.11%
EBITDA Growth	-26.60%	81.48%	-7.51%	-0.84%	-6.38%	22.61%	8.37%	-18.75%	-60.80%	198.19%
EBIT Growth	-35.11%	90.58%	-9.36%	-0.61%	-12.13%	33.69%	10.95%	-25.52%	-85.79%	796.50%
NOPAT Growth	-16.72%	58.43%	-12.84%	130.88%	-58.05%	36.39%	11.67%	-26.09%	-85.62%	784.38%
Net Income Growth	-38.98%	99.68%	-14.00%	126.00%	-61.57%	51.54%	12.42%	-27.91%	-114.45%	914.90%
EPS Growth	-38.56%	72.97%	-11.46%	130.98%	-61.63%	51.33%	13.89%	-25.16%	-114.75%	929.07%
Operating Cash Flow Growth	-13.66%	97.67%	-27.52%	15.01%	-6.31%	9.95%	24.72%	-27.39%	5.11%	2.93%
Free Cash Flow Firm Growth	-630.98%	128.99%	-41.40%	24.23%	-149.25%	322.60%	49.45%	-56.22%	151.04%	-316.54%
Invested Capital Growth	84.70%	-6.07%	-1.93%	3.72%	9.97%	-2.56%	-6.52%	-0.58%	-15.90%	52.43%
Revenue Q/Q Growth	3.88%	4.84%	-0.32%	-0.03%	1.57%	2.50%	-2.10%	1.44%	2.41%	-0.35%
EBITDA Q/Q Growth	-24.87%	31.65%	-3.35%	7.93%	-9.93%	13.22%	-5.61%	4.42%	-62.67%	173.98%
EBIT Q/Q Growth	-33.28%	43.99%	-4.45%	11.82%	-15.01%	18.87%	-7.43%	6.63%	-86.83%	465.21%
NOPAT Q/Q Growth	-13.86%	30.24%	-10.43%	3.82%	-14.00%	19.81%	-7.29%	7.52%	-86.82%	116.90%
Net Income Q/Q Growth	-37.71%	69.05%	-11.98%	5.98%	-18.19%	24.78%	-8.30%	9.56%	-112.83%	830.84%
EPS Q/Q Growth	-38.90%	78.88%	-11.15%	6.03%	-18.26%	25.05%	-7.37%	9.38%	-112.95%	980.25%
Operating Cash Flow Q/Q Growth	-5.06%	8.04%	-6.37%	4.30%	-3.40%	1.09%	0.21%	9.94%	4.38%	-1.26%
Free Cash Flow Firm Q/Q Growth	-631.83%	135.30%	-11.48%	-1.78%	-4.49%	7.88%	-6.89%	-3.83%	210.66%	50.84%
Invested Capital Q/Q Growth	81.13%	-0.50%	-0.18%	0.47%	-0.20%	0.24%	0.74%	1.45%	-15.76%	0.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.58%	37.99%	38.35%	38.55%	37.20%	38.48%	39.22%	33.76%	32.85%	38.09%
EBITDA Margin	15.28%	20.22%	19.76%	19.68%	17.30%	21.31%	22.51%	18.30%	6.73%	20.92%
Operating Margin	13.56%	14.66%	14.10%	14.19%	11.85%	15.68%	17.33%	12.80%	1.85%	15.97%
EBIT Margin	10.59%	14.71%	14.09%	14.07%	11.60%	15.59%	16.86%	12.56%	1.67%	15.65%
Profit (Net Income) Margin	6.06%	8.82%	8.01%	18.19%	6.56%	9.99%	10.95%	7.90%	-1.07%	9.10%
Tax Burden Percent	65.95%	70.43%	67.43%	155.47%	73.32%	75.92%	74.78%	74.86%	992.39%	74.67%
Interest Burden Percent	86.75%	85.11%	84.34%	83.18%	77.14%	84.44%	86.87%	83.99%	-6.44%	77.83%
Effective Tax Rate	34.05%	29.57%	32.57%	-55.47%	26.68%	24.08%	25.22%	25.14%	0.00%	25.33%
Return on Invested Capital (ROIC)	5.00%	6.30%	5.72%	13.10%	5.14%	6.78%	7.93%	6.08%	0.95%	7.31%
ROIC Less NNEP Spread (ROIC-NNEP)	1.02%	4.25%	3.66%	7.43%	2.01%	4.12%	4.66%	3.07%	-4.28%	3.36%
Return on Net Nonoperating Assets (RNNOA)	0.69%	3.47%	2.83%	5.06%	1.35%	2.87%	2.81%	1.69%	-2.14%	2.62%
Return on Equity (ROE)	5.69%	9.77%	8.55%	18.16%	6.49%	9.65%	10.74%	7.77%	-1.18%	9.93%
Cash Return on Invested Capital (CROIC)	-54.50%	12.56%	7.67%	9.45%	-4.35%	9.37%	14.67%	6.66%	18.23%	-34.23%
Operating Return on Assets (OROA)	4.66%	7.01%	6.59%	6.69%	5.68%	7.22%	8.11%	6.21%	0.92%	7.26%
Return on Assets (ROA)	2.67%	4.20%	3.75%	8.65%	3.21%	4.63%	5.27%	3.91%	-0.59%	4.22%
Return on Common Equity (ROCE)	5.69%	9.77%	8.55%	18.16%	6.49%	9.65%	10.74%	7.77%	-1.18%	9.93%
Return on Equity Simple (ROE_SIMPLE)	4.87%	9.83%	8.65%	16.96%	6.45%	9.52%	10.79%	7.76%	-1.25%	9.67%
Net Operating Profit after Tax (NOPAT)	509	807	703	1,623	681	929	1,037	766	110	975
NOPAT Margin	8.94%	10.33%	9.51%	22.06%	8.69%	11.90%	12.96%	9.58%	1.29%	11.92%
Net Nonoperating Expense Percent (NNEP)	3.98%	2.05%	2.07%	5.66%	3.13%	2.65%	3.26%	3.01%	5.23%	3.95%
Cost of Revenue to Revenue	65.42%	62.01%	61.65%	61.45%	62.80%	61.52%	60.78%	66.24%	67.15%	61.91%
SG&A Expenses to Revenue	18.12%	19.34%	18.66%	18.53%	19.25%	18.90%	19.03%	17.01%	17.06%	17.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.02%	23.33%	24.25%	24.36%	25.35%	22.80%	21.89%	20.96%	31.00%	22.13%
Earnings before Interest and Taxes (EBIT)	603	1,149	1,042	1,035	910	1,216	1,349	1,005	143	1,280
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	870	1,579	1,461	1,448	1,356	1,662	1,802	1,464	574	1,711
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.73	1.75	1.37	1.51	1.42	1.62	1.69	2.17	1.57
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.61	1.55	1.62	1.47	1.53	1.49	1.64	1.72	1.85	1.48
Price to Earnings (P/E)	26.64	17.58	20.27	8.09	23.35	14.93	15.00	21.78	0.00	16.24
Dividend Yield	2.77%	2.62%	2.83%	3.24%	3.15%	3.42%	2.98%	3.05%	3.42%	3.69%
Earnings Yield	3.75%	5.69%	4.93%	12.36%	4.28%	6.70%	6.67%	4.59%	0.00%	6.16%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.40	1.42	1.23	1.28	1.25	1.39	1.44	1.80	1.27
Enterprise Value to Revenue (EV/Rev)	2.68	2.23	2.33	2.10	2.27	2.16	2.19	2.26	2.22	2.49
Enterprise Value to EBITDA (EV/EBITDA)	17.51	11.04	11.80	10.68	13.15	10.15	9.75	12.35	33.06	11.91
Enterprise Value to EBIT (EV/EBIT)	25.26	15.17	16.55	14.94	19.60	13.87	13.02	18.00	132.85	15.92
Enterprise Value to NOPAT (EV/NOPAT)	29.92	21.61	24.52	9.53	26.18	18.17	16.94	23.59	172.08	20.91
Enterprise Value to Operating Cash Flow (EV/OCF)	20.61	11.93	16.28	12.70	15.62	13.44	11.22	15.91	15.88	16.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.83	18.29	13.21	0.00	13.14	9.15	21.53	9.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.87	0.77	0.79	0.61	0.74	0.69	0.58	0.55	0.59	1.09
Long-Term Debt to Equity	0.84	0.73	0.65	0.59	0.59	0.66	0.43	0.53	0.59	0.88
Financial Leverage	0.68	0.82	0.77	0.68	0.67	0.70	0.60	0.55	0.50	0.78
Leverage Ratio	2.13	2.33	2.28	2.10	2.02	2.08	2.04	1.99	2.01	2.35
Compound Leverage Factor	1.85	1.98	1.92	1.75	1.56	1.76	1.77	1.67	-0.13	1.83
Debt to Total Capital	46.55%	43.65%	44.07%	37.98%	42.58%	40.70%	36.90%	35.55%	37.18%	52.09%
Short-Term Debt to Total Capital	1.70%	2.28%	7.78%	1.13%	8.82%	1.80%	9.59%	1.43%	0.00%	9.90%
Long-Term Debt to Total Capital	44.84%	41.37%	36.29%	36.85%	33.76%	38.90%	27.31%	34.13%	37.18%	42.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.45%	56.35%	55.93%	62.02%	57.42%	59.30%	63.10%	64.45%	62.82%	47.91%
Debt to EBITDA	7.09	3.44	3.70	3.34	4.36	3.38	2.64	3.07	7.52	4.89
Net Debt to EBITDA	6.95	3.37	3.58	3.20	4.28	3.15	2.45	2.95	5.53	4.85
Long-Term Debt to EBITDA	6.83	3.26	3.04	3.24	3.46	3.23	1.95	2.94	7.52	3.96
Debt to NOPAT	12.12	6.73	7.68	2.98	8.68	6.05	4.58	5.86	39.13	8.58
Net Debt to NOPAT	11.87	6.60	7.44	2.86	8.53	5.63	4.26	5.64	28.76	8.51
Long-Term Debt to NOPAT	11.68	6.38	6.32	2.89	6.88	5.79	3.39	5.62	39.13	6.95
Altman Z-Score	1.19	1.67	1.61	1.83	1.62	1.75	1.91	2.00	2.10	1.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.94	1.30	0.90	1.50	0.69	1.24	0.68	1.03	1.44	0.52
Quick Ratio	0.54	0.46	0.33	0.56	0.26	0.59	0.30	0.36	0.88	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5,548	1,609	943	1,171	-577	1,284	1,919	840	2,109	-4,566
Operating Cash Flow to CapEx	301.55%	740.12%	551.85%	394.81%	317.18%	465.95%	510.27%	272.17%	250.19%	209.62%
Free Cash Flow to Firm to Interest Expense	-69.44	9.40	5.78	0.00	0.00	0.00	0.00	0.00	0.00	-234.15
Operating Cash Flow to Interest Expense	9.25	8.54	6.49	0.00	0.00	0.00	0.00	0.00	0.00	63.05
Operating Cash Flow Less CapEx to Interest Expense	6.18	7.39	5.32	0.00	0.00	0.00	0.00	0.00	0.00	32.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.48	0.47	0.48	0.49	0.46	0.48	0.49	0.55	0.46
Accounts Receivable Turnover	15.40	17.75	16.63	17.85	17.63	14.79	14.75	15.12	15.20	12.26
Inventory Turnover	3.56	4.70	5.05	5.14	5.58	5.32	5.24	5.17	5.46	4.94
Fixed Asset Turnover	3.87	4.73	4.56	4.40	4.30	4.02	4.03	3.87	3.90	3.08
Accounts Payable Turnover	10.76	11.24	9.73	9.14	8.92	6.99	5.36	4.76	4.43	3.71
Days Sales Outstanding (DSO)	23.71	20.56	21.94	20.45	20.71	24.69	24.75	24.15	24.01	29.77
Days Inventory Outstanding (DIO)	102.65	77.73	72.29	71.05	65.43	68.66	69.61	70.59	66.89	73.84
Days Payable Outstanding (DPO)	33.91	32.49	37.51	39.94	40.90	52.21	68.14	76.72	82.40	98.36
Cash Conversion Cycle (CCC)	92.44	65.81	56.72	51.56	45.24	41.14	26.21	18.01	8.50	5.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,209	12,407	12,167	12,619	13,877	13,521	12,640	12,566	10,568	16,109
Invested Capital Turnover	0.56	0.61	0.60	0.59	0.59	0.57	0.61	0.63	0.74	0.61
Increase / (Decrease) in Invested Capital	6,057	-802	-240	452	1,258	-355	-882	-74	-1,998	5,541
Enterprise Value (EV)	15,232	17,429	17,239	15,469	17,823	16,870	17,565	18,080	18,972	20,383
Market Capitalization	9,187	12,109	12,007	10,829	12,013	11,640	13,148	13,759	15,801	12,081
Book Value per Share	$69.64	$58.56	$58.83	$69.46	$70.07	$71.83	$74.14	$75.05	$68.37	$72.46
Tangible Book Value per Share	($57.73)	($46.60)	($46.18)	($34.93)	($44.48)	($39.83)	($35.95)	($32.53)	($22.09)	($67.92)
Total Capital	13,258	12,439	12,249	12,723	13,881	13,812	12,877	12,631	11,605	16,058
Total Debt	6,171	5,430	5,399	4,832	5,911	5,621	4,752	4,491	4,314	8,364
Total Long-Term Debt	5,945	5,146	4,446	4,688	4,686	5,373	3,517	4,311	4,314	6,774
Net Debt	6,045	5,320	5,232	4,639	5,810	5,230	4,417	4,321	3,171	8,302
Capital Expenditures (CapEx)	245	197	192	309	360	269	307	418	477	587
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,062	535	595	473	407	243	-25	67	-272	-266
Debt-free Net Working Capital (DFNWC)	1,187	644	762	665	508	634	309	237	872	-204
Net Working Capital (NWC)	961	360	-191	521	-716	386	-926	57	872	-1,794
Net Nonoperating Expense (NNE)	164	118	111	285	166	149	161	135	202	231
Net Nonoperating Obligations (NNO)	6,122	5,398	5,317	4,728	5,906	5,331	4,515	4,426	3,277	8,415
Total Depreciation and Amortization (D&A)	267	430	419	413	446	447	453	459	431	431
Debt-free, Cash-free Net Working Capital to Revenue	18.65%	6.84%	8.05%	6.42%	5.19%	3.11%	-0.31%	0.84%	-3.18%	-3.25%
Debt-free Net Working Capital to Revenue	20.86%	8.25%	10.31%	9.04%	6.48%	8.12%	3.86%	2.97%	10.22%	-2.49%
Net Working Capital to Revenue	16.89%	4.61%	-2.58%	7.08%	-9.14%	4.94%	-11.57%	0.72%	10.22%	-21.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.33	$5.77	$5.11	$11.79	$4.52	$6.84	$7.79	$5.84	($0.86)	$7.14
Adjusted Weighted Average Basic Shares Outstanding	119.67M	116.43M	113.44M	113.54M	113.74M	114.04M	108.34M	106.46M	102.05M	106.20M
Adjusted Diluted Earnings per Share	$3.33	$5.76	$5.10	$11.78	$4.52	$6.84	$7.79	$5.83	($0.86)	$7.13
Adjusted Weighted Average Diluted Shares Outstanding	119.67M	116.43M	113.44M	113.54M	113.74M	114.04M	108.34M	106.46M	102.05M	106.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$6.84	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	119.67M	116.43M	113.44M	113.54M	113.74M	114.04M	108.34M	106.46M	102.05M	106.20M
Normalized Net Operating Profit after Tax (NOPAT)	510	807	793	886	878	981	1,036	878	826	1,082
Normalized NOPAT Margin	8.96%	10.33%	10.73%	12.05%	11.20%	12.57%	12.95%	10.97%	9.69%	13.23%
Pre Tax Income Margin	9.19%	12.52%	11.88%	11.70%	8.95%	13.16%	14.64%	10.55%	-0.11%	12.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.55	6.72	6.39	0.00	0.00	0.00	0.00	0.00	0.00	65.65
NOPAT to Interest Expense	6.37	4.71	4.31	0.00	0.00	0.00	0.00	0.00	0.00	50.00
EBIT Less CapEx to Interest Expense	4.48	5.56	5.21	0.00	0.00	0.00	0.00	0.00	0.00	35.57
NOPAT Less CapEx to Interest Expense	3.30	3.56	3.13	0.00	0.00	0.00	0.00	0.00	0.00	19.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	73.64%	45.97%	57.29%	26.17%	73.46%	50.90%	46.01%	66.19%	-471.19%	58.80%
Augmented Payout Ratio	80.69%	110.02%	131.17%	26.69%	74.51%	51.44%	123.43%	108.99%	-873.71%	108.91%

This table displays calculated financial ratios and metrics derived from J. M. Smucker's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.81%	7.57%	7.74%	9.88%	-3.62%	-12.09%	0.58%	-1.30%	17.72%	17.16%	-1.94%
EBITDA Growth	-19.69%	-4.64%	62.20%	-233.66%	23.93%	-2.15%	-2.38%	197.15%	31.87%	-26.00%	-213.57%
EBIT Growth	-27.43%	-5.34%	110.13%	-315.73%	50.11%	3.90%	-5.75%	163.80%	28.06%	-45.56%	-302.30%
NOPAT Growth	-28.12%	-7.22%	151.30%	-289.05%	67.15%	5.36%	-23.90%	171.67%	12.45%	-126.65%	-327.02%
Net Income Growth	-28.66%	-7.23%	199.14%	-397.23%	67.21%	1.99%	-42.25%	140.80%	0.76%	-112.57%	-650.08%
EPS Growth	-27.46%	-5.79%	204.69%	-401.07%	73.79%	6.15%	-42.05%	141.03%	-2.79%	-112.11%	-650.44%
Operating Cash Flow Growth	-128.30%	24.17%	32.95%	12.73%	658.72%	-13.71%	-30.47%	-3.54%	-20.65%	128.49%	-41.11%
Free Cash Flow Firm Growth	-90.37%	-76.09%	-67.66%	404.74%	2,640.27%	1,162.23%	-4,125.35%	-435.91%	-330.53%	-315.64%	129.29%
Invested Capital Growth	0.44%	0.35%	1.27%	-15.90%	-16.35%	-15.62%	28.05%	52.43%	52.59%	44.02%	-8.67%
Revenue Q/Q Growth	-7.91%	17.73%	0.51%	0.83%	-19.22%	7.39%	14.99%	-1.05%	-3.65%	6.88%	-3.75%
EBITDA Q/Q Growth	-29.44%	39.33%	5.77%	-228.55%	165.41%	10.01%	5.52%	27.93%	-11.21%	-38.26%	-261.94%
EBIT Q/Q Growth	-39.57%	62.38%	7.07%	-305.33%	142.05%	12.38%	-2.86%	38.98%	-15.59%	-52.22%	-460.97%
NOPAT Q/Q Growth	-40.38%	58.54%	8.56%	-284.25%	152.71%	-0.07%	-21.59%	73.53%	-17.30%	-123.68%	-568.06%
Net Income Q/Q Growth	-45.67%	74.04%	9.11%	-388.11%	130.56%	6.15%	-38.22%	103.57%	-24.52%	-113.24%	-2,603.27%
EPS Q/Q Growth	-44.92%	73.79%	8.94%	-388.72%	131.79%	6.15%	-40.53%	104.42%	-24.68%	-113.22%	-2,604.35%
Operating Cash Flow Q/Q Growth	-109.91%	625.64%	185.17%	-24.08%	-50.90%	-18.82%	129.79%	5.31%	-59.61%	133.78%	-40.77%
Free Cash Flow Firm Q/Q Growth	-72.66%	110.12%	-53.18%	1,776.24%	48.45%	-3.21%	-249.32%	-56.57%	-1.88%	9.46%	120.28%
Invested Capital Q/Q Growth	1.00%	0.89%	-2.03%	-15.76%	0.47%	1.76%	48.68%	0.28%	0.58%	-3.96%	-5.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.50%	31.79%	34.10%	35.46%	36.27%	37.36%	36.92%	41.41%	37.51%	39.01%	40.17%
EBITDA Margin	15.53%	18.38%	19.34%	-24.66%	19.97%	20.46%	18.77%	24.27%	22.37%	12.92%	-21.74%
Operating Margin	9.59%	13.31%	14.34%	-28.35%	16.81%	15.42%	13.34%	18.41%	16.45%	7.47%	-27.17%
EBIT Margin	9.62%	13.27%	14.14%	-28.79%	14.98%	15.68%	13.25%	18.61%	16.30%	7.29%	-27.33%
Profit (Net Income) Margin	5.86%	8.67%	9.41%	-26.88%	10.17%	10.05%	5.40%	11.11%	8.71%	-1.08%	-30.30%
Tax Burden Percent	77.82%	75.56%	75.71%	88.52%	77.01%	78.15%	61.59%	78.28%	75.20%	-36.68%	99.97%
Interest Burden Percent	78.30%	86.43%	87.90%	105.49%	88.13%	82.04%	66.20%	76.29%	71.02%	40.36%	110.90%
Effective Tax Rate	22.18%	24.44%	24.29%	0.00%	22.99%	21.85%	38.41%	21.72%	24.80%	136.68%	0.00%
Return on Invested Capital (ROIC)	4.72%	6.43%	7.26%	-14.63%	9.40%	8.36%	4.71%	8.84%	7.84%	-1.84%	-10.88%
ROIC Less NNEP Spread (ROIC-NNEP)	4.06%	5.75%	6.48%	-18.71%	8.17%	7.43%	3.73%	7.59%	6.55%	-1.19%	-13.91%
Return on Net Nonoperating Assets (RNNOA)	2.24%	3.16%	3.25%	-9.34%	4.40%	4.03%	2.98%	5.92%	5.34%	-0.94%	-15.64%
Return on Equity (ROE)	6.97%	9.58%	10.51%	-23.97%	13.80%	12.40%	7.70%	14.76%	13.18%	-2.78%	-26.52%
Cash Return on Invested Capital (CROIC)	5.18%	5.08%	5.45%	18.23%	17.32%	16.55%	-64.93%	-34.23%	-34.16%	-30.14%	10.57%
Operating Return on Assets (OROA)	4.75%	6.68%	7.36%	-15.82%	8.18%	7.48%	6.00%	8.63%	7.90%	3.37%	-12.42%
Return on Assets (ROA)	2.89%	4.36%	4.90%	-14.77%	5.55%	4.80%	2.44%	5.15%	4.22%	-0.50%	-13.77%
Return on Common Equity (ROCE)	6.97%	9.58%	10.51%	-23.97%	13.80%	12.40%	7.70%	14.76%	13.18%	-2.78%	-26.52%
Return on Equity Simple (ROE_SIMPLE)	7.21%	6.97%	8.54%	0.00%	-0.25%	-0.19%	-1.35%	0.00%	9.59%	6.89%	-3.72%
Net Operating Profit after Tax (NOPAT)	140	222	241	-443	234	234	183	318	263	-62	-416
NOPAT Margin	7.47%	10.05%	10.86%	-19.84%	12.95%	12.05%	8.22%	14.41%	12.37%	-2.74%	-19.02%
Net Nonoperating Expense Percent (NNEP)	0.67%	0.68%	0.77%	4.08%	1.23%	0.93%	0.99%	1.24%	1.29%	-0.65%	3.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.14%	-	-	-	-2.82%
Cost of Revenue to Revenue	70.50%	68.21%	65.90%	64.54%	63.73%	62.64%	63.08%	58.59%	62.49%	60.99%	59.83%
SG&A Expenses to Revenue	18.36%	16.07%	17.19%	16.82%	17.37%	17.20%	16.79%	19.26%	18.36%	17.20%	16.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.90%	18.49%	19.76%	63.80%	19.46%	21.94%	23.58%	23.00%	21.07%	31.54%	67.34%
Earnings before Interest and Taxes (EBIT)	180	293	313	-643	271	304	295	410	346	166	-597
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	291	405	429	-551	361	397	419	535	475	294	-475
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.87	1.88	2.17	2.10	1.57	1.76	1.57	1.60	1.57	1.63
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.67	1.88	1.88	1.85	1.74	1.35	1.62	1.48	1.46	1.35	1.28
Price to Earnings (P/E)	22.77	26.82	22.03	0.00	0.00	0.00	0.00	16.24	16.65	22.74	0.00
Dividend Yield	3.15%	2.77%	3.43%	3.42%	3.54%	4.73%	3.31%	3.69%	3.63%	3.79%	4.05%
Earnings Yield	4.39%	3.73%	4.54%	0.00%	0.00%	0.00%	0.00%	6.16%	6.01%	4.40%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.41	1.56	1.59	1.80	1.73	1.37	1.36	1.27	1.29	1.30	1.30
Enterprise Value to Revenue (EV/Rev)	2.24	2.44	2.39	2.22	2.17	1.81	2.66	2.49	2.45	2.28	2.17
Enterprise Value to EBITDA (EV/EBITDA)	12.87	14.53	12.94	33.06	28.49	23.34	34.95	11.91	11.42	11.71	22.99
Enterprise Value to EBIT (EV/EBIT)	19.14	21.68	18.34	132.85	78.63	60.60	96.36	15.92	15.37	16.57	58.66
Enterprise Value to NOPAT (EV/NOPAT)	25.19	28.74	23.77	172.08	0.00	0.00	0.00	20.91	20.77	25.77	82.20
Enterprise Value to Operating Cash Flow (EV/OCF)	18.68	19.96	17.38	15.88	12.63	10.41	17.53	16.58	17.60	14.29	15.31
Enterprise Value to Free Cash Flow (EV/FCFF)	27.33	30.72	29.29	9.00	9.08	7.58	0.00	0.00	0.00	0.00	11.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.56	0.52	0.59	0.62	1.10	1.13	1.09	1.09	1.08	1.14
Long-Term Debt to Equity	0.53	0.52	0.52	0.59	0.62	1.10	1.07	0.88	0.87	0.89	0.92
Financial Leverage	0.55	0.55	0.50	0.50	0.54	0.54	0.80	0.78	0.82	0.79	1.12
Leverage Ratio	1.99	1.97	1.93	2.01	2.05	2.24	2.28	2.35	2.37	2.59	2.67
Compound Leverage Factor	1.56	1.70	1.69	2.12	1.80	1.84	1.51	1.80	1.69	1.05	2.96
Debt to Total Capital	36.59%	35.96%	34.10%	37.18%	38.12%	52.30%	53.04%	52.09%	52.16%	51.99%	53.19%
Short-Term Debt to Total Capital	3.02%	2.35%	0.00%	0.00%	0.00%	0.00%	2.60%	9.90%	10.45%	9.36%	9.91%
Long-Term Debt to Total Capital	33.57%	33.61%	34.10%	37.18%	38.12%	52.30%	50.44%	42.18%	41.72%	42.63%	43.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.41%	64.04%	65.90%	62.82%	61.88%	47.70%	46.96%	47.91%	47.84%	48.01%	46.81%
Debt to EBITDA	3.37	3.36	2.81	7.52	6.71	12.24	13.67	4.89	4.64	4.80	9.47
Net Debt to EBITDA	3.27	3.34	2.74	5.53	5.62	5.85	13.62	4.85	4.62	4.77	9.41
Long-Term Debt to EBITDA	3.10	3.14	2.81	7.52	6.71	12.24	13.00	3.96	3.71	3.93	7.70
Debt to NOPAT	6.61	6.65	5.16	39.13	-77.23	-167.34	-1.48	8.58	8.44	10.56	33.85
Net Debt to NOPAT	6.39	6.61	5.03	28.76	-64.68	-79.99	-1.47	8.51	8.40	10.49	33.64
Long-Term Debt to NOPAT	6.06	6.21	5.16	39.13	-77.23	-167.34	-1.41	6.95	6.75	8.66	27.54
Altman Z-Score	1.77	1.99	2.10	1.93	2.01	1.54	1.19	1.09	1.12	1.11	0.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.09	1.16	1.44	1.28	3.20	0.78	0.52	0.55	0.58	0.60
Quick Ratio	0.35	0.31	0.37	0.88	0.66	2.53	0.33	0.21	0.21	0.24	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	84	177	83	1,555	2,308	2,234	-3,336	-5,223	-5,321	-4,818	977
Operating Cash Flow to CapEx	-44.17%	200.78%	411.98%	305.86%	144.98%	118.96%	259.08%	327.79%	139.77%	464.60%	271.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	114.57	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	9.07	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	1.45	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.50	0.52	0.55	0.55	0.48	0.45	0.46	0.48	0.46	0.45
Accounts Receivable Turnover	13.69	12.88	15.18	15.20	14.13	13.69	12.40	12.26	12.81	12.68	12.17
Inventory Turnover	4.47	4.53	4.95	5.46	4.62	4.31	4.68	4.94	4.70	4.99	5.12
Fixed Asset Turnover	3.88	3.88	3.90	3.90	3.82	3.57	3.11	3.08	3.16	3.23	2.90
Accounts Payable Turnover	4.73	4.86	5.05	4.43	4.37	4.20	4.20	3.71	4.12	4.36	4.45
Days Sales Outstanding (DSO)	26.67	28.34	24.04	24.01	25.83	26.67	29.43	29.77	28.50	28.78	29.99
Days Inventory Outstanding (DIO)	81.73	80.62	73.73	66.89	79.02	84.65	78.03	73.84	77.70	73.16	71.23
Days Payable Outstanding (DPO)	77.18	75.14	72.26	82.40	83.53	86.99	86.95	98.36	88.63	83.78	81.95
Cash Conversion Cycle (CCC)	31.21	33.82	25.52	8.50	21.31	24.32	20.52	5.26	17.57	18.16	19.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,692	12,805	12,544	10,568	10,618	10,804	16,063	16,109	16,202	15,560	14,670
Invested Capital Turnover	0.63	0.64	0.67	0.74	0.73	0.69	0.57	0.61	0.63	0.67	0.57
Increase / (Decrease) in Invested Capital	56	45	158	-1,998	-2,075	-2,001	3,519	5,541	5,584	4,756	-1,393
Enterprise Value (EV)	17,925	19,950	19,884	18,972	18,328	14,817	21,825	20,383	20,845	20,176	19,058
Market Capitalization	13,377	15,362	15,675	15,801	14,714	11,102	13,322	12,081	12,413	11,960	11,258
Book Value per Share	$76.50	$77.12	$78.16	$68.37	$68.63	$69.41	$71.23	$72.46	$73.16	$71.74	$64.91
Tangible Book Value per Share	($32.59)	($31.23)	($29.63)	($22.09)	($25.56)	($24.22)	($69.89)	($67.92)	($66.67)	($61.49)	($58.01)
Total Capital	12,844	12,832	12,648	11,605	11,319	14,861	16,099	16,058	16,241	15,898	14,755
Total Debt	4,700	4,614	4,313	4,314	4,315	7,772	8,539	8,364	8,472	8,265	7,847
Total Long-Term Debt	4,312	4,312	4,313	4,314	4,315	7,772	8,121	6,774	6,775	6,777	6,386
Net Debt	4,548	4,587	4,209	3,171	3,614	3,715	8,503	8,302	8,432	8,215	7,800
Capital Expenditures (CapEx)	88	102	142	145	150	149	157	131	124	87	88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	347	466	183	-272	-151	-27	-161	-266	-26	-69	101
Debt-free Net Working Capital (DFNWC)	499	493	287	872	550	4,030	-125	-204	14	-20	148
Net Working Capital (NWC)	111	191	287	872	550	4,030	-543	-1,794	-1,683	-1,508	-1,314
Net Nonoperating Expense (NNE)	30	31	32	157	50	39	63	73	78	-38	247
Net Nonoperating Obligations (NNO)	4,548	4,587	4,209	3,277	3,614	3,715	8,503	8,415	8,432	7,927	7,763
Total Depreciation and Amortization (D&A)	111	113	115	92	90	93	123	125	129	128	122
Debt-free, Cash-free Net Working Capital to Revenue	4.33%	5.71%	2.20%	-3.18%	-1.79%	-0.33%	-1.97%	-3.25%	-0.30%	-0.78%	1.14%
Debt-free Net Working Capital to Revenue	6.22%	6.04%	3.45%	10.22%	6.50%	49.17%	-1.53%	-2.49%	0.16%	-0.23%	1.68%
Net Working Capital to Revenue	1.38%	2.34%	3.45%	10.22%	6.50%	49.17%	-6.62%	-21.94%	-19.80%	-17.07%	-14.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.03	$1.79	$1.96	($5.64)	$1.79	$1.91	$1.14	$2.30	$1.74	($0.23)	($6.22)
Adjusted Weighted Average Basic Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Adjusted Diluted Earnings per Share	$1.03	$1.79	$1.95	($5.63)	$1.79	$1.90	$1.13	$2.31	$1.74	($0.23)	($6.22)
Adjusted Weighted Average Diluted Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	106.56M	106.64M	106.64M	102.05M	102.13M	106.14M	106.18M	106.20M	106.41M	106.42M	106.42M
Normalized Net Operating Profit after Tax (NOPAT)	140	222	241	-443	234	250	244	318	268	309	328
Normalized NOPAT Margin	7.47%	10.08%	10.88%	-19.84%	12.95%	12.88%	10.96%	14.41%	12.62%	13.60%	15.01%
Pre Tax Income Margin	7.53%	11.47%	12.43%	-30.37%	13.21%	12.87%	8.77%	14.20%	11.58%	2.94%	-30.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	15.59	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	11.98	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	7.96	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	4.35	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	72.50%	74.65%	60.27%	-471.19%	-2,458.86%	-3,137.96%	-426.23%	58.80%	59.62%	85.70%	-176.43%
Augmented Payout Ratio	118.69%	121.93%	98.31%	-873.71%	-6,640.00%	-8,481.02%	-1,145.28%	108.91%	60.08%	86.29%	-177.76%

Frequently Asked Questions About J. M. Smucker's Financials

When does J. M. Smucker's fiscal year end?

According to the most recent income statement we have on file, J. M. Smucker's financial year ends in April. Their financial year 2024 ended on April 30, 2024.

How has J. M. Smucker's net income changed over the last 9 years?

J. M. Smucker's net income appears to be on a downward trend, with a most recent value of $744 million in 2024, rising from $344.90 million in 2015. The previous period was -$91.30 million in 2023.

What is J. M. Smucker's operating income?

J. M. Smucker's total operating income in 2024 was $1.31 billion, based on the following breakdown:

Total Gross Profit: $3.12 billion
Total Operating Expenses: $1.81 billion

How has J. M. Smucker revenue changed over the last 9 years?

Over the last 9 years, J. M. Smucker's total revenue changed from $5.69 billion in 2015 to $8.18 billion in 2024, a change of 43.7%.

How much debt does J. M. Smucker have?

J. M. Smucker's total liabilities were at $12.58 billion at the end of 2024, a 63.4% increase from 2023, and a 29.4% increase since 2015.

How much cash does J. M. Smucker have?

In the past 9 years, J. M. Smucker's cash and equivalents has ranged from $62 million in 2024 to $655.80 million in 2023, and is currently $62 million as of their latest financial filing in 2024.

How has J. M. Smucker's book value per share changed over the last 9 years?

Over the last 9 years, J. M. Smucker's book value per share changed from 69.64 in 2015 to 72.46 in 2024, a change of 4.1%.

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This page (NYSE:SJM) was last updated on 4/14/2025 by MarketBeat.com Staff

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J. M. Smucker (SJM) Financials

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J. M. Smucker (SJM) Financials

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