NYSE: SJM
J.M. Smucker
Consumer Staples · Canned, Fruits, Veg, Preserves, Jams & Jellies
52-week range
$88.25$135.89
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.$12.7B
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| Period | Market cap |
|---|---|
| FY2017, ended Apr 30, 2017 | $14.4B |
| FY2018, ended Apr 30, 2018 | $13.0B |
| FY2019, ended Apr 30, 2019 | $13.9B |
| FY2020, ended Apr 30, 2020 | $13.1B |
| FY2021, ended Apr 30, 2021 | $14.2B |
| FY2022, ended Apr 30, 2022 | $14.6B |
| FY2023, ended Apr 30, 2023 | $15.8B |
| FY2024, ended Apr 30, 2024 | $12.2B |
| FY2025, ended Apr 30, 2025 | $12.4B |
| FY2026, ended Apr 30, 2026 | $10.5B |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $12.7B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.$9.16B
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| Period | Revenue |
|---|---|
| FY2017, ended Apr 30, 2017 | $7.39B |
| FY2018, ended Apr 30, 2018 | $7.36B |
| FY2019, ended Apr 30, 2019 | $7.84B |
| FY2020, ended Apr 30, 2020 | $7.80B |
| FY2021, ended Apr 30, 2021 | $8.00B |
| FY2022, ended Apr 30, 2022 | $8.00B |
| FY2023, ended Apr 30, 2023 | $8.53B |
| FY2024, ended Apr 30, 2024 | $8.18B |
| FY2025, ended Apr 30, 2025 | $8.73B |
| FY2026, ended Apr 30, 2026 | $9.05B |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $9.16B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Apr 30, 2017 | $592M | $867M |
| FY2018, ended Apr 30, 2018 | $1.34B | $896M |
| FY2019, ended Apr 30, 2019 | $514M | $781M |
| FY2020, ended Apr 30, 2020 | $780M | $986M |
| FY2021, ended Apr 30, 2021 | $876M | $1.26B |
| FY2022, ended Apr 30, 2022 | $632M | $719M |
| FY2023, ended Apr 30, 2023 | −$91.3M | $717M |
| FY2024, ended Apr 30, 2024 | $744M | $643M |
| FY2025, ended Apr 30, 2025 | −$1.23B | $817M |
| FY2026, ended Apr 30, 2026 | −$139M | $1.16B |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $230M | $1.59B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.$43.2M
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Apr 30, 2017 | $167M |
| FY2018, ended Apr 30, 2018 | $193M |
| FY2019, ended Apr 30, 2019 | $101M |
| FY2020, ended Apr 30, 2020 | $391M |
| FY2021, ended Apr 30, 2021 | $334M |
| FY2022, ended Apr 30, 2022 | $170M |
| FY2023, ended Apr 30, 2023 | $656M |
| FY2024, ended Apr 30, 2024 | $62.0M |
| FY2025, ended Apr 30, 2025 | $69.9M |
| FY2026, ended Apr 30, 2026 | $58.6M |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $43.2M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.$6.74B
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| Period | Total debt |
|---|---|
| FY2017, ended Apr 30, 2017 | $5.40B |
| FY2018, ended Apr 30, 2018 | $4.83B |
| FY2019, ended Apr 30, 2019 | $5.91B |
| FY2020, ended Apr 30, 2020 | $5.62B |
| FY2021, ended Apr 30, 2021 | $4.75B |
| FY2022, ended Apr 30, 2022 | $4.49B |
| FY2023, ended Apr 30, 2023 | $4.31B |
| FY2024, ended Apr 30, 2024 | $8.36B |
| FY2025, ended Apr 30, 2025 | $7.68B |
| FY2026, ended Apr 30, 2026 | $6.96B |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $6.74B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 5.8% since 2017.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.107M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended Apr 30, 2017 | 113M |
| FY2018, ended Apr 30, 2018 | 114M |
| FY2019, ended Apr 30, 2019 | 114M |
| FY2020, ended Apr 30, 2020 | 114M |
| FY2021, ended Apr 30, 2021 | 108M |
| FY2022, ended Apr 30, 2022 | 106M |
| FY2023, ended Apr 30, 2023 | 102M |
| FY2024, ended Apr 30, 2024 | 106M |
| FY2025, ended Apr 30, 2025 | 107M |
| FY2026, ended Apr 30, 2026 | 107M |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | 107M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jul 31, 2026. Hover or tap a column for another year.Net: $20.1M more issued than bought back
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2017, ended Apr 30, 2017 | $438M | $22.0M | — |
| FY2018, ended Apr 30, 2018 | $7.00M | $15.4M | — |
| FY2019, ended Apr 30, 2019 | $5.40M | $20.7M | — |
| FY2020, ended Apr 30, 2020 | $4.20M | $26.8M | — |
| FY2021, ended Apr 30, 2021 | $678M | $28.7M | — |
| FY2022, ended Apr 30, 2022 | $270M | $22.3M | — |
| FY2023, ended Apr 30, 2023 | $368M | $25.6M | — |
| FY2024, ended Apr 30, 2024 | $373M | $23.9M | $450M |
| FY2025, ended Apr 30, 2025 | $3.30M | $29.9M | — |
| FY2026, ended Apr 30, 2026 | $5.60M | $23.6M | — |
| Trailing 12 months to Jul 31, 2026 (through Q1 FY2027) | $6.70M | $26.8M | — |
Revenue (TTM)
$9.16B
+5.1% YoY
Net income (TTM)
$230M
n/m YoY
Cash
$43.2M
+9.9% YoY
Total debt
$6.74B
−15.7% YoY
Valuation
At current price- Market Cap
- $13.9B
- P/E
- 60.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.5×
- Price / Book
- 2.4×
- EV / EBITDA
- 15.0×
Growth
Trailing 12 months- Revenue (TTM)
- $9.16B
- Revenue Growth YoY
- 5.1%
- Revenue CAGR 3Y
- 2.0%
- Revenue CAGR 5Y
- 2.5%
- EPS Growth YoY
- n/m. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- n/m. TTM vs. TTM a year earlier
Profitability
Trailing 12 months- Gross Margin
- 38.7%
- Operating Margin
- 9.0%
- Net Margin
- 2.5%
- FCF Margin
- 17.3%
- Return on Equity
- 3.9%
Earnings
Trailing 12 months- Net Income
- $230M
- EPS (diluted)
- $2.14
- EBITDA
- $1.38B
- Operating Income
- $826M
Balance Sheet
As of Jul 31, 2026- Cash and cash equivalents
- $43.2M
- Total Debt
- $6.74B
- Net Debt
- $6.69B
- Total Assets
- $16.2B
- Total Liabilities
- $10.5B
- Shareholders' Equity
- $5.75B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.91B
- Capital Expenditure
- $322M
- Free Cash Flow
- $1.59B
Dividends and risk
Last 12 months- Dividend Yield
- 3.4%
- Dividend / Share
- $4.42
- Beta (5Y)
- 0.28
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 5.1% year over year, at $9.16B.
Strength
Operating margin widened 20.2 pts in a year, to 9.0%.
Watch
Net debt is 4.9× EBITDA ($6.69B), a heavy load.
Strength
Turns 17.3% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Apr 30, 2026 · filed Jun 9, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K25Serious concerns
25Serious concerns
10-K for the fiscal year ended Apr 30, 2025
Filed Jun 18, 2025 · Read the filing on EDGAR
- Smucker swung to a $1.23 billion net loss from a $744 million profit, mainly from about $2.0 billion of Hostess-related write-downs.
- Net sales rose 7% to $8.7 billion only because of Hostess; excluding deals and currency, sales were essentially flat.
- Excluding write-downs and other one-off items, adjusted operating income rose 12%, but the Hostess snacks business lost market share and missed plan.
- Smucker sold Voortman and some value brands at a combined $310 million loss, and plans to close a Hostess plant in Indianapolis.
Business momentum
Sharp deterioration
“Operating income (loss) decreased $1,979.7, primarily reflecting pre-tax noncash impairment charges of $1,661.6 and $320.9 related to the goodwill of the Sweet Baked Snacks reporting unit and Hostess brand indefinite-lived trademark, respectively”
Outlook
Cautious
“we anticipate the price elasticity of demand could remain elevated into 2026 as consumers continue to experience broader inflationary pressures and are selective in their spending”
Financial stress
Moderate
“During 2025, the full amount was drawn on the Term Loan to partially finance the repayment of $1.0 billion in principal of our 3.50% Senior Notes due March 15, 2025.”
Tone against the previous report
More negative
Red flags
- Medium
Large write-down
“pre-tax noncash impairment charges of $1,661.6 and $320.9 related to the goodwill of the Sweet Baked Snacks reporting unit and Hostess brand indefinite-lived trademark, respectively”
- Medium
Other
“the $310.1 net pre-tax loss on divestitures, reflecting the $44.2 and $265.9 pre-tax losses on the divestiture of certain Sweet Baked Snacks value brands and the Voortman business, respectively”
- Minor
Other
“On May 27, 2025, we announced plans to close our Indianapolis, Indiana manufacturing facility, which manufactures Hostess branded products”
Positives
Profit before one-off items grew 12%
“increased $188.5, or 12 percent, as compared to the prior year”
Total debt fell to $7.7 billion from $8.4 billion after repayments
“Cash used for financing activities in 2025 consisted primarily of long-term debt repayments of $1,300.0 and dividend payments of $455.4”
Uncrustables and peanut butter drove volume growth
“Volume/mix contributed 5 percentage points to net sales, primarily reflecting increases for Uncrustables sandwiches and peanut butter, partially offset by a decrease for fruit spreads.”
Concerns
Hostess snacks business keeps missing its plan
“we continued to underperform as compared to plan in both net sales and segment profit for the Sweet Baked Snacks segment”
More Hostess write-downs remain possible
“Any significant adverse change in our near- or long-term projections or macroeconomic conditions would result in future impairment charges for the Sweet Baked Snacks reporting unit.”
Interest costs jumped because of Hostess acquisition debt
“Net interest expense increased $124.4, or 47 percent, in 2025”
New risks since the previous report
New US tariffs could raise costs and reduce demand
“The current U.S. presidential administration announced the imposition of significant new tariffs that will be imposed on our imports and exports”
Weight-loss medications and dieting could change what consumers buy
“an emphasis on health and wellness, including weight management (e.g., the use of medications and dieting)”
Class actions claim Folgers overstated servings per canister
“Their claims are premised on allegations that we have misrepresented the number of servings that can be made from various canisters of Folgers coffee on the packaging for those products.”
New financial records system could cause delays or weaken controls
“if the EPM system does not operate as intended, the effectiveness of our internal controls over financial reporting could be adversely affected”
Labor contracts covering about 10% of employees expire in 2026
“with three contracts expiring in 2026, representing approximately 10 percent of our total employees”
Biggest risks named
- Further Hostess underperformance and write-downs of goodwill and brands
- $7.7 billion of debt and refinancing needs
- Commodity inflation, especially volatile green coffee costs
- New tariffs and price-sensitive consumers reducing demand
- Reliance on Walmart (33% of sales) and top 10 customers (60%)
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | −2 | |
| Tone against the previous report | −2 | |
| Financial stress | −8 | |
| Red flags | −5.7 | |
| New risks | −2 | |
| Score | 25 | |
Written by AI (Claude Opus 5.5) from the report’s text. 17 of 17 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Jun 9, 2026 | Pro | |||
| 10-K | Jun 18, 2025 | 25 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Jun 18, 2024 | 53 | Improving | 1 medium1 minor | |
| 10-K | Jun 20, 2023 | 35 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Jun 16, 2022 | 43 | Weakening | 2 medium | |
| 10-K | Jun 17, 2021 | 60 | Improving | 1 medium | |
| 10-K | Jun 19, 2020 | 63 | Improving | 1 minor | |
| 10-K | Jun 17, 2019 | 38 | Sharp deterioration | 2 medium | |
| 10-K | Jun 18, 2018 | 52 | Mixed | 2 medium1 minor | |
| 10-K | Jun 19, 2017 | 48 | Weakening | 1 medium |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q1 FY2027 (period ended Jul 31, 2026), filed Aug 26, 2026. View filings on SEC EDGAR