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The J.M. Smucker Company key statistics and ratios

In fiscal 2026, The J.M. Smucker Company had return on equity of -2.4% and a net margin of -1.5%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Apr 20102011Apr 20112012Apr 20122013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Net margin10.7%9.9%8.3%9.2%10.1%6.1%8.8%8.0%18.2%6.6%10.0%11.0%7.9%−1.1%9.1%−14.1%−1.5%2.5%
Return on equity9.3%9.0%8.8%10.6%11.1%5.7%9.8%8.5%18.2%6.5%9.6%10.7%7.8%−1.2%9.9%−17.9%−2.4%4.1%
Return on assets6.2%5.9%5.3%6.0%6.3%2.7%4.2%3.7%8.7%3.2%4.6%5.3%3.9%−0.6%4.2%−6.5%−0.8%1.4%
Effective tax rate32.4%33.1%34.4%33.4%33.5%34.1%29.6%32.6%—26.7%24.1%25.2%25.1%—25.3%——45.6%
R&D as % of revenue0.5%0.4%0.4%0.4%0.4%0.6%0.8%0.8%——————————
SG&A as % of revenue19.1%17.9%16.2%16.5%17.6%18.1%19.3%18.7%18.5%19.2%18.9%19.0%17.0%17.1%17.7%17.5%16.5%16.7%
Dividends ÷ net income33.6%40.5%46.5%40.9%42.1%73.6%46.0%57.3%26.2%73.5%50.9%46.0%66.2%—58.8%——203.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · July 31, 2026
What it owns · $16.2bn
Short-term assets $2.0bnLonger-term assets $14.2bn
What it owes, and who funded it · $16.2bn
Short-term liabilities $2.3bnLonger-term liabilities $8.2bnShareholders' equity $5.8bn
  • Short-term assets cover short-term liabilities $2.0bn of assets due within a year against $2.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.0bn short-term assets against $8.2bn of longer-dated liabilities.
  • More cash than debt $43m of cash against $6.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 114% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 52% to 114% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.9bn of operating cash flow against $6.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From The J.M. Smucker Company's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

62 /100

Moderate moat

How hard The J.M. Smucker's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 9.2% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 38.0%, moving by 2.0 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 12.9%; its worst year was -11.2%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.7% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 5.2% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from The J.M. Smucker Company's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to The J.M. Smucker Company.