The J.M. Smucker Company income statement
In fiscal 2026, The J.M. Smucker Company reported revenue of $9.05bn, up 3.7% on the year before, operating income of $360m (a 4.0% margin) and net income of −$139m, or −$1.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Apr 2010 | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020Apr 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026Apr 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,605 | 4,826 | 5,526 | 5,898 | 5,611 | 5,693 | 7,811 | 7,392 | 7,357 | 7,838 | 7,801 | 8,003 | 7,999 | 8,529 | 8,179 | 8,726 | 9,051 | 9,157 |
| Cost of revenue | — | — | — | — | — | — | — | 4,557 | 4,521 | 4,922 | 4,799 | 4,864 | 5,298 | 5,727 | 5,063 | 5,341 | 6,016 | 5,618 |
| Gross profit | 1,787 | 1,799 | 1,845 | 2,028 | 2,031 | 1,969 | 2,968 | 2,835 | 2,836 | 2,916 | 3,002 | 3,139 | 2,701 | 2,802 | 3,115 | 3,385 | 3,035 | 3,539 |
| Research and development | 21 | 21 | 22 | 25 | 24 | 33 | 59 | 58 | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 878 | 863 | 893 | 974 | 989 | 1,031 | 1,510 | 1,380 | 1,363 | 1,509 | 1,474 | 1,523 | 1,360 | 1,455 | 1,446 | 1,529 | 1,497 | 1,530 |
| Operating income | 791 | 784 | 778 | 910 | 919 | 772 | 1,145 | 1,043 | 1,044 | 929 | 1,223 | 1,387 | 1,024 | 158 | 1,306 | −674 | 360 | 826 |
| Interest expense | 65 | 70 | 81 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net interest income | −62 | −67 | −80 | −93 | −79 | −80 | −171 | −163 | −174 | −208 | — | — | — | — | — | — | — | — |
| Income before tax | 731 | 717 | 701 | 817 | 850 | 523 | 978 | 878 | 861 | 702 | 1,027 | 1,172 | 844 | −9 | 996 | −1,047 | −62 | 422 |
| Income tax | 237 | 238 | 242 | 273 | 285 | 178 | 289 | 286 | −478 | 187 | 247 | 296 | 212 | 82 | 252 | 184 | 76 | 193 |
| Net income | 494 | 480 | 460 | 544 | 565 | 345 | 689 | 592 | 1,339 | 514 | 780 | 876 | 632 | −91 | 744 | −1,231 | −139 | 230 |
| Diluted EPS | $4.15 | $4.05 | $4.06 | $5.00 | $5.42 | $3.33 | $5.76 | $5.10 | $11.78 | $4.52 | $6.84 | $7.79 | $5.83 | −$0.86 | $7.13 | −$11.57 | −$1.30 | — |
| Diluted shares (average) | 119m | 118m | 113m | 109m | 104m | 103m | 119m | 116m | 113m | 113m | 113m | 112m | 108m | — | — | — | — | — |
| EBITDA | 899 | 897 | 899 | 1,065 | 1,077 | 930 | 1,367 | 1,254 | 1,250 | 1,135 | 1,433 | 1,606 | 1,259 | 382 | 1,546 | −391 | 707 | 1,157 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Jul 2025 | 2026 Q2Oct 2025 | 2026 Q3Jan 2026 | 2026 Q4Apr 2026 | 2027 Q1Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,271 | 2,186 | 2,144 | 2,113 | 2,330 | 2,339 | 2,268 | 2,219 |
| Cost of revenue | 1,385 | 1,308 | 1,321 | 1,639 | 1,460 | 1,512 | 1,406 | 1,240 |
| Gross profit | 886 | 878 | 823 | 475 | 870 | 828 | 862 | 980 |
| Selling, general and administrative | 391 | 368 | 381 | 377 | 398 | 363 | 358 | 411 |
| Operating income | 170 | −594 | −599 | 46 | 419 | −548 | 445 | 512 |
| Income before tax | 67 | −663 | −697 | −57 | 318 | −652 | 328 | 428 |
| Income tax | 91 | −0 | 32 | −13 | 77 | 72 | −61 | 104 |
| Net income | −25 | −662 | −729 | −44 | 241 | −724 | 388 | 324 |
| Diluted EPS | −$0.23 | −$6.22 | −$6.85 | −$0.41 | $2.26 | −$6.79 | $3.64 | $3.03 |
| EBITDA | 242 | −526 | −529 | 131 | 512 | −455 | 519 | 581 |
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