A Business at a Glance
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J M SMUCKER Co
SJM
$12.6B
Mkt Cap
$118.32
+2.26%
J M SMUCKER Co (SJM) has a 5-year average return on invested capital (ROIC) of 2.6%. This is below average and may indicate limited pricing power.
J M SMUCKER Co (SJM) has a market capitalization of $12.6B. It is classified as a large-cap stock.
Yes, J M SMUCKER Co (SJM) pays a dividend with a trailing twelve-month yield of 3.68%. The company also returns capital through share buybacks, with a buyback yield of 0.04%.
J M SMUCKER Co (SJM) operates in the Canned, Fruits, Veg, Preserves, Jams & Jellies industry, within the Consumer Defensive sector.
J M SMUCKER Co (SJM) reported annual revenue of $8.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
J M SMUCKER Co (SJM) has a net profit margin of -14.1%. The company is currently unprofitable.
J M SMUCKER Co (SJM) generated $817 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
The J. M. Smucker Company manufactures and markets branded food and beverage products primarily in North America, with the vast majority of sales in the United States and a small international presence concentrated in Canada. The company operates through four reportable segments: U.S. Retail Coffee (Folgers, Dunkin', Café Bustelo), U.S. Retail Frozen Handheld and Spreads (Uncrustables, Jif, Smucker's), U.S. Retail Pet Foods (Meow Mix, Milk-Bone, Pup-Peroni), and Sweet Baked Snacks (Hostess brands including Donettes, Twinkies, CupCakes), which collectively comprised 86 percent of consolidated net sales in 2025. Products are distributed primarily through direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, and specialty channels, with Walmart and subsidiaries representing 33 percent of net sales. The company's business model relies on strong brand recognition, product quality, consumer trust, and an integrated distribution network to compete against both branded and private label products in categories experiencing long-term center-of-store volume declines offset by innovation and evolving consumer preferences. Raw materials—primarily commodities including green coffee, peanuts, flour, sugar, oils, and packaging materials—are sourced from multiple suppliers with green coffee sourced exclusively from foreign countries and subject to significant price volatility, while the company uses futures, options, and fixed-price contracts to manage commodity cost fluctuations. The company's competitive moat is built on a portfolio of iconic, market-leading trademarks and brands with strong consumer loyalty, experienced category management, product innovation capabilities, and responsive customer service.
【Tariff relief and margin recovery】 Management expects fiscal 2027 to benefit from a stabilizing commodity environment and the absence of tariffs that impacted fiscal 2026, creating a tailwind for coffee profitability and overall earnings growth. The company anticipates sequential acceleration in comparable net sales growth continuing into the next quarter, with coffee segment profit and margin improvement expected as commodity costs moderate, and the company projects mid-single-digit growth for the pet portfolio driven by Milk-Bone and Meow Mix momentum. Uncrustables is expected to achieve mid-single-digit growth in fiscal 2027 as a now-established billion-dollar brand, supported by innovation including higher-protein morning offerings and fridge-friendly formats, while the company continues disciplined cost management and strategic brand investments. The company remains committed to debt paydown, targeting a 3x leverage profile by the end of fiscal 2027, and will continue to generate cash to support shareholder value while monitoring macro cost inflation and pursuing tariff refunds from prior periods.
| Metric | Target | Period |
|---|---|---|
| Free cash flow | $975 million | FY2026 |
| Debt paydown | $500 million | FY2026 |
| Debt paydown | $500 million | FY2027 |
| Leverage ratio | ~4x | FY2026 |
| Target leverage ratio | 3x | End of FY2027 |
| Coffee segment pricing | Mid-20% | FY2026 |
| Tariff impact | $0.50 negative | FY2026 |
| Coffee segment profit margin | Mid-20s% | Q4 FY2026 |
| Pet portfolio growth | Low single-digit | Q3-Q4 FY2026 |
| Uncrustables growth | Double-digit | Q3-Q4 FY2026 |
| Uncrustables growth | Mid-single-digit |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.1B | 8.7B | 8.2B | 8.5B | 8.0B | 8.0B |
| Net Income | -139M | -1.2B | 744M | -91M | 632M | 876M |
| EPS | $-1.30 | $-11.57 | $7.13 | $-0.86 | $5.83 | $7.79 |
| Free Cash Flow | 1.2B | 817M | 643M | 717M | 719M | 1.3B |
| ROIC | 2.3% | -8.9% | 6.0% | 1.4% | 6.1% | 8.2% |
| Gross Margin | 33.5% | 38.8% | 38.1% | 32.8% | 33.8% | 39.2% |
| Debt/Equity | 1.26 | 1.28 | 1.11 | 0.61 | 0.57 | 0.60 |
| Dividends/Share | $4.36 | $4.32 | $4.24 | $4.08 | $3.96 | $3.60 |
| Operating Income | 360M | -674M | 1.3B | 158M | 1.0B | 1.4B |
| Operating Margin | 4.0% | -7.7% | 16.0% | 1.8% | 12.8% | 17.3% |
| ROE | -2.5% | -17.9% | 9.7% | -1.3% | 7.8% | 10.8% |
| Shares Outstanding | 107M | 106M | 104M | 106M | 108M | 112M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | 7.8B | 8.0B | 8.0B | 8.5B | 8.2B | 8.7B | 9.1B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 38.5% | 39.2% | 33.8% | 32.8% | 38.1% | 38.8% | 33.5% |
| R&D | 24M | 33M | 59M | 58M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 989M | 1.0B | 1.5B | 1.4B | 1.4B | 1.5B | 1.5B | 1.5B | 1.4B | 1.5B | 1.4B | 1.5B | 1.5B |
| EBIT | 919M | 772M | 1.1B | 1.0B | 1.0B | 929M | 1.2B | 1.4B | 1.0B | 158M | 1.3B | -674M | 360M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 15.7% | 17.3% | 12.8% | 1.8% | 16.0% | -7.7% | 4.0% |
| Net Income | 561M | 345M | 689M | 592M | 1.3B | 514M | 780M | 876M | 632M | -91M | 744M | -1.2B | -139M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 10.0% | 11.0% | 7.9% | -1.1% | 9.1% | -14.1% | -1.5% |
| Non-Recurring | 21M | 15M | 25M | 0 | 190M | 190M | 17M | 21M | 8.0M | 4.7M | 130M | 1.7B | 21M |
| Returns on Capital | |||||||||||||
| ROIC | 8.6% | 4.9% | 6.3% | 5.6% | 8.7% | 5.1% | 6.8% | 8.2% | 6.1% | 1.4% | 6.0% | -8.9% | 2.3% |
| ROE | 11.0% | 5.7% | 9.8% | 8.5% | 18.2% | 6.5% | 9.5% | 10.8% | 7.8% | -1.3% | 9.7% | -17.9% | -2.5% |
| ROA | 6.2% | 2.7% | 4.2% | 3.7% | 8.7% | 3.2% | 4.6% | 5.4% | 3.9% | -0.6% | 3.7% | -6.5% | -0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 856M | 739M | 1.5B | 1.1B | 1.2B | 1.1B | 1.3B | 1.6B | 1.1B | 1.2B | 1.2B | 1.2B | 1.5B |
| Free Cash Flow | 577M | 491M | 1.3B | 867M | 896M | 781M | 986M | 1.3B | 719M | 717M | 643M | 817M | 1.2B |
| Owner Earnings | 577M | 448M | 996M | 618M | 789M | 674M | 782M | 1.1B | 655M | 738M | 775M | 678M | -1.1B |
| CapEx | 280M | 248M | 201M | 192M | 322M | 360M | 269M | 307M | 418M | 477M | 587M | 394M | 317M |
| Maint. CapEx | 256M | 267M | 430M | 419M | 413M | 446M | 447M | 453M | 459M | 431M | 431M | 502M | 2.6B |
| Growth CapEx | 23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46M | 156M | 0 | 0 |
| D&A | 256M | 267M | 430M | 419M | 413M | 446M | 447M | 453M | 459M | 431M | 431M | 502M | 2.6B |
| CapEx/OCF | N/A | 33.8% | 13.8% | 18.2% | 26.4% | 31.5% | 21.5% | 19.6% | 36.7% | 40.0% | 47.7% | 32.5% | 21.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 238M | 254M | 317M | 339M | 350M | 378M | 397M | 403M | 418M | 430M | 438M | 455M | 465M |
| Dividend Yield | 3.2% | 3.3% | 3.1% | 2.9% | 3.4% | 3.9% | 3.9% | 3.7% | 3.4% | 3.2% | 3.5% | 4.0% | 3.7% |
| Share Buybacks | 508M | 24M | 441M | 438M | 7.0M | 5.4M | 4.2M | 678M | 270M | 368M | 373M | 3.3M | 5.6M |
| Buyback Yield | N/A | 0.3% | 3.9% | 4.0% | 0.1% | 0.0% | 0.0% | 5.5% | 2.0% | 2.5% | 3.4% | 0.0% | 0.0% |
| Stock-Based Comp | 23M | 24M | 35M | 22M | 15M | 21M | 27M | 29M | 22M | 26M | 24M | 30M | 24M |
| Debt Repayment | 50M | 4.2B | 800M | 200M | 1.1B | 700M | 900M | 700M | 1.2B | 0 | 1.8B | 1.3B | 1.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 2.1B | 6.0B | 5.3B | 5.2B | 4.6B | 5.8B | 5.4B | 4.6B | 4.4B | 3.8B | 8.4B | 7.7B | 6.9B |
| Cash & Equiv. | 154M | 126M | 110M | 167M | 193M | 101M | 391M | 334M | 170M | 656M | 62M | 70M | 59M |
| Long-Term Debt | 1.9B | 5.9B | 5.1B | 4.4B | 4.7B | 4.7B | 5.4B | 3.5B | 4.3B | 4.3B | 6.8B | 7.0B | 6.4B |
| Debt/Equity | 0.44 | 0.87 | 0.77 | 0.79 | 0.61 | 0.74 | 0.71 | 0.60 | 0.57 | 0.61 | 1.11 | 1.28 | 1.26 |
| Interest Coverage | 11.6 | 9.7 | 6.7 | 6.4 | 6.0 | 4.5 | 6.5 | 7.8 | 6.4 | 1.0 | 4.9 | -1.7 | 600.3 |
| Equity | 5.0B | 7.1B | 7.0B | 6.9B | 7.9B | 8.0B | 8.2B | 8.1B | 8.1B | 7.3B | 7.7B | 6.1B | 5.5B |
| Total Assets | 9.0B | 16.8B | 16.0B | 15.6B | 15.3B | 16.7B | 17.0B | 16.3B | 16.1B | 15.0B | 20.3B | 17.6B | 16.2B |
| Total Liabilities | 4.0B | 9.7B | 9.0B | 8.8B | 7.4B | 8.7B | 8.8B | 8.2B | 7.9B | 7.7B | 12.6B | 11.5B | 10.7B |
| Intangibles | 3.0B | 7.0B | 6.5B | 6.1B | 5.9B | 6.7B | 6.4B | 6.0B | 5.7B | 4.4B | 7.3B | 6.3B | 5.7B |
| Retained Earnings | 1.1B | 1.2B | 1.3B | 1.2B | 2.2B | 2.4B | 2.7B | 2.8B | 2.9B | 2.1B | 2.2B | 502M | -101M |
| Working Capital | 653M | 961M | 360M | -191M | 521M | -716M | 386M | -926M | 57M | 872M | -1.8B | -505M | -565M |
| Current Assets | 1.5B | 2.0B | 1.6B | 1.6B | 1.6B | 1.6B | 2.0B | 1.9B | 2.0B | 2.9B | 2.0B | 2.1B | 2.0B |
| Current Liabilities | 886M | 1.0B | 1.2B | 1.8B | 1.0B | 2.3B | 1.6B | 2.9B | 2.0B | 2.0B | 3.8B | 2.7B | 2.5B |
| Per Share Data | |||||||||||||
| EPS | 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 |
| Owner EPS | 5.57 | 4.33 | 8.33 | 5.32 | 6.95 | 5.92 | 6.86 | 9.63 | 6.04 | 6.95 | 7.42 | 6.37 | -10.73 |
| Book Value | 48.62 | 68.42 | 58.62 | 58.98 | 69.44 | 70.04 | 71.87 | 72.23 | 75.13 | 68.68 | 73.73 | 57.18 | 51.98 |
| Cash Flow/Share | 8.27 | 7.14 | 12.22 | 9.12 | 10.72 | 10.03 | 11.01 | 13.91 | 10.49 | 11.25 | 11.78 | 11.38 | 23.02 |
| Dividends/Share | 2.32 | 2.56 | 2.68 | 3.00 | 3.12 | 3.40 | 3.52 | 3.60 | 3.96 | 4.08 | 4.24 | 4.32 | 4.36 |
| Shares Out. | 103.5M | 103.6M | 119.6M | 116.1M | 113.6M | 113.8M | 114.0M | 112.5M | 108.4M | 106.2M | 104.3M | 106.4M | 106.7M |
| Valuation | |||||||||||||
| P/E Ratio | 12.6 | 25.1 | 16.3 | 18.7 | 7.6 | 21.6 | 14.2 | 14.2 | 21.1 | N/A | 14.7 | N/A | -91.1 |
| P/FCF | 12.3 | 17.6 | 8.9 | 12.8 | 11.4 | 14.2 | 11.3 | 9.9 | 18.5 | 20.5 | 17.1 | 14.3 | 10.9 |
| EV/EBIT | 9.8 | 18.9 | 14.4 | 15.6 | 14.0 | 18.2 | 13.3 | 12.1 | 17.2 | 116.5 | 14.8 | N/A | 54.2 |
| Price/Book | 1.4 | 1.2 | 1.6 | 1.6 | 1.3 | 1.4 | 1.4 | 1.5 | 1.6 | 2.0 | 1.4 | 1.9 | 2.3 |
| Price/Sales | 1.3 | 1.4 | 1.3 | 1.6 | 1.4 | 1.2 | 1.3 | 1.4 | 1.5 | 1.6 | 1.5 | 1.3 | 1.4 |
| FCF Yield | 8.1% | 5.7% | 11.2% | 7.8% | 8.8% | 7.0% | 8.9% | 10.1% | 5.4% | 4.9% | 5.9% | 7.0% | 9.2% |
| Market Cap | 7.1B | 8.7B | 11.2B | 11.1B | 10.2B | 11.1B | 11.1B | 12.4B | 13.3B | 14.7B | 11.0B | 11.7B | 12.6B |
| Avg. Price | 71.71 | 74.72 | 86.70 | 101.57 | 90.46 | 84.38 | 90.05 | 96.52 | 113.24 | 127.31 | 119.55 | 107.35 | 118.32 |
| Year-End Price | 68.44 | 83.56 | 94.02 | 95.23 | 89.65 | 97.66 | 97.32 | 110.37 | 122.83 | 138.33 | 105.07 | 109.60 | 118.32 |
J M SMUCKER Co passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 13.0x vs a median of 13.5x. The company's 5-year average ROIC is 2.6% with a gross margin of 36.5%. Total shareholder yield (dividends) is 3.7%. At current prices, the estimated annualized return to fair value is -3.2%.
J M SMUCKER Co (SJM) has a debt-to-equity ratio of 1.28. This indicates moderate leverage.
J M SMUCKER Co (SJM) reported earnings per share (EPS) of $-11.57 in its most recent fiscal year.
J M SMUCKER Co (SJM) has a return on equity (ROE) of -17.9%. A negative ROE may indicate losses or negative equity.
J M SMUCKER Co (SJM) has a 5-year average gross margin of 36.5%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for J M SMUCKER Co (SJM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
J M SMUCKER Co (SJM) has a book value per share of $57.18, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects fiscal 2027 to benefit from a stabilizing commodity environment and the absence of tariffs that impacted fiscal 2026, creating a tailwind for coffee profitability and overall earnings growth. The company anticipates sequential acceleration in comparable net sales growth continuing into the next quarter, with coffee segment profit and margin improvement expected as commodity costs moderate, and the company projects mid-single-digit growth for the pet portfolio driven by Milk-Bone and Meow Mix momentum. Uncrustables is expected to achieve mid-single-digit growth in fiscal 2027 as a now-established billion-dollar brand, supported by innovation including higher-protein morning offerings and fridge-friendly formats, while the company continues disciplined cost management and strategic brand investments. The company remains committed to debt paydown, targeting a 3x leverage profile by the end of fiscal 2027, and will continue to generate cash to support shareholder value while monitoring macro cost inflation and pursuing tariff refunds from prior periods.
Based on recent SEC filings and earnings calls, J M SMUCKER Co (SJM) has provided the following forward guidance: Free cash flow: $975 million (FY2026); Debt paydown: $500 million (FY2026); Debt paydown: $500 million (FY2027); Leverage ratio: ~4x (FY2026); Target leverage ratio: 3x (End of FY2027), plus 7 additional metrics.
| FY2027 |
| Pet portfolio growth | Low single-digit | FY2027 |
Free cash flow (FY2026): “We are committed to $975 million of free cash flow generation this fiscal year, which will support $500 million of debt paid out this fiscal year.”
Debt paydown (FY2026): “We are committed to $975 million of free cash flow generation this fiscal year, which will support $500 million of debt paid out this fiscal year.”
Debt paydown (FY2027): “We anticipate the ability to pay down an additional $500 million in fiscal year 2027.”
Leverage ratio (FY2026): “As you think about the leverage profile this year, we'll probably hover around four times through the balance of fiscal year 2026.”
Target leverage ratio (End of FY2027): “We plan to use the proceeds or the incremental cash to support our ongoing debt paydown efforts in order to achieve our 3x leverage profile by the end of fiscal year 2027.”
Coffee segment pricing (FY2026): “Yes, the current outlook for pricing in the coffee segment is going to be in the mid 20% now.”
Tariff impact (FY2026): “We now have embedded net $0.50 negative impact due to tariffs in our guidance range.”
Coffee segment profit margin (Q4 FY2026): “In the fourth quarter of this fiscal year, we would expect a mid-20s segment profit margin.”