
The J. M. Smucker Company Income Statement 2026-2008 | SJM
Brief overview of revenue and earnings at The J. M. Smucker Company
This overview is based on financial performance over the past five years. The J. M. Smucker Company reported revenue of 8 billion dollars in 2021 and 9.1 billion dollars by 2026. The five-year change reached +13.1%, while CAGR stood at 2.5%. The scale of the core business was largely unchanged.
Gross profit changed from $3.1 billion to $3 billion (−3.3%). The relationship between sales and direct costs deteriorated. The gross margin was 39.2% at the start and 33.5% at the end. Weakening gross profitability reduces the quality of the top-line trend.
EBITDA was 1.6 billion dollars at the beginning and 707 million dollars at the end of the period (−56%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was 20.1% at the start and 7.8% at the end. The business retained less EBITDA from each unit of revenue.
The final result was 876 million dollars initially and −139 million dollars in the final year. The emergence of a loss requires close attention to costs and the operating model.
Market capitalization changed from $15 billion to $12 billion (−20%). Investors remain cautious despite better financial results.
Overall conclusion
The financial trajectory is weak and requires a cautious interpretation. Caution is warranted because of a weaker final result, a declining EBITDA margin and lower investor confidence. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement The J. M. Smucker Company
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
12 B | 10.2 B | 10.2 B | 15.8 B | 16.3 B | 15 B | 13 B | 13.8 B | 12.3 B | 14.8 B | 15.4 B | 12.3 B | 10.7 B | 11.2 B | 8.76 B | 9.16 B | - | - | - |
Shares |
107 M | 106 M | 106 M | 104 M | 108 M | 112 M | 114 M | 114 M | 114 M | 116 M | 119 M | 104 M | 104 M | 109 M | 113 M | 117 M | 119 M | 85.4 M | - |
Historical Prices |
112 | 96 | 96 | 151 | 151 | 134 | 111 | 96.5 | 84 | 109 | 109 | 103 | 82.4 | 82.6 | 67.2 | 59.4 | - | - | - |
Net Income |
-139 M | -1.23 B | 744 M | -91.3 M | 632 M | 876 M | 780 M | 514 M | 1.34 B | 592 M | 689 M | 345 M | 565 M | 544 M | 460 M | 479 M | 494 M | 266 M | - |
Revenue |
9.05 B | 8.73 B | 8.18 B | 8.53 B | 8 B | 8 B | 7.8 B | 7.84 B | 7.36 B | 7.39 B | 7.81 B | 5.69 B | 5.61 B | 5.9 B | 5.53 B | 4.83 B | - | - | - |
Cost of Revenue |
6.02 B | 5.34 B | 5.06 B | 5.73 B | 5.3 B | 4.86 B | 4.8 B | 4.92 B | 4.52 B | 4.56 B | - | - | - | - | - | - | - | - | - |
Gross Profit |
3.03 B | 3.38 B | 3.12 B | 2.8 B | 2.7 B | 3.14 B | 3 B | 2.92 B | 2.84 B | 2.84 B | 2.97 B | 1.97 B | 2.03 B | 2.03 B | 1.85 B | 1.8 B | 1.79 B | 1.25 B | - |
Operating Income |
360 M | -674 M | 1.31 B | 158 M | 1.02 B | 1.39 B | 1.22 B | 929 M | 1.04 B | 1.04 B | 1.15 B | 772 M | 919 M | 910 M | 778 M | 784 M | 791 M | 452 M | - |
Interest Expense |
-41.4 M | -14.4 M | -25.6 M | -14.7 M | -19.1 M | -37.8 M | -7.2 M | -19.1 M | -8.9 M | -1.1 M | 3.7 M | 4.2 M | 10.1 M | 300 K | 81.3 M | 69.6 M | 65.2 M | 62.5 M | - |
EBITDA |
707 M | -391 M | 1.55 B | 382 M | 1.26 B | 1.61 B | 1.53 B | 1.44 B | 1.47 B | 1.45 B | 1.49 B | 940 M | 1.04 B | 1.06 B | 955 M | 935 M | 899 M | 532 M | - |
Operating Expenses |
- | - | - | - | - | - | 1.71 B | 1.72 B | 1.58 B | 1.59 B | 1.69 B | 1.14 B | 1.09 B | 1.07 B | 979 M | 937 M | - | - | - |
General and Administrative Expenses |
328 M | 322 M | 306 M | 313 M | 259 M | 324 M | 451 M | 1.51 B | 1.37 B | 478 M | 524 M | 1.03 B | 989 M | 974 M | 893 M | 863 M | 181 M | 133 M | - |
All numbers in USD currency
Quarterly Income Statement The J. M. Smucker Company
| 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
107 M | 106 M | 107 M | 107 M | 107 M | 107 M | 107 M | 107 M | 106 M | 106 M | 106 M | 106 M | 106 M | 106 M | 102 M | 102 M | 104 M | 108 M | 106 M | 106 M | 106 M | 112 M | 108 M | 108 M | 108 M | 113 M | 114 M | 114 M | 114 M | 113 M | 113 M | 113 M | 113 M | 113 M | 113 M | 113 M | 113 M | 116 M | 113 M | 113 M | 113 M | 119 M | 116 M | 116 M | 116 M | 101 M | 119 M | 119 M | 119 M | 104 M | 101 M | 101 M | 101 M | 108 M | 104 M | 105 M | 106 M | 113 M | 109 M | 110 M | 110 M | 118 M | 114 M | 114 M | 114 M |
Net Income |
-43.9 M | - | -724 M | 241 M | -43.9 M | -724 M | 241 M | -43.9 M | - | -662 M | -24.5 M | 185 M | - | 120 M | 195 M | 184 M | - | 69.7 M | 430 M | 301 M | - | 262 M | 206 M | 360 M | 154 M | 187 M | 231 M | 231 M | 237 M | 121 M | 211 M | 211 M | 155 M | 831 M | 188 M | 188 M | 133 M | 135 M | 195 M | 195 M | 127 M | 185 M | 177 M | 177 M | 170 M | 161 M | 176 M | 176 M | 136 M | 167 M | 158 M | 158 M | 116 M | 154 M | 153 M | 153 M | 127 M | 117 M | 149 M | 149 M | 111 M | 132 M | 127 M | 127 M | 112 M |
Revenue |
2.11 B | - | 2.34 B | 2.33 B | 2.11 B | 2.34 B | 2.33 B | 2.11 B | - | 2.19 B | 2.27 B | 2.13 B | - | 2.23 B | 1.94 B | 1.81 B | - | 2.22 B | 191 M | 110 M | 106 M | 2.06 B | 206 M | 154 M | - | 1.97 B | 2.03 B | 2.03 B | 1.97 B | 2.01 B | 1.96 B | 1.96 B | 1.78 B | 1.9 B | 2.02 B | 1.9 B | 1.78 B | - | 1.92 B | 1.75 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.64 B | - | 1.51 B | 1.46 B | 1.64 B | 1.51 B | 1.46 B | 1.64 B | - | 1.31 B | 1.39 B | 1.33 B | - | 1.41 B | 1.21 B | 1.15 B | - | 1.37 B | 3.93 B | 2.82 B | - | 1.27 B | 1.34 B | 2.56 B | - | 1.21 B | 1.22 B | 1.22 B | 1.2 B | 1.24 B | 1.2 B | 1.2 B | 1.08 B | - | 1.25 B | 1.22 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
475 M | - | 828 M | 870 M | 475 M | 828 M | 870 M | 475 M | - | 878 M | 886 M | 797 M | - | 823 M | 724 M | 655 M | - | 683 M | 2.03 B | 1.25 B | - | 809 M | 712 M | 1.35 B | - | 760 M | 818 M | 818 M | 775 M | 774 M | 754 M | 754 M | 700 M | 728 M | 771 M | 771 M | 678 M | 723 M | 755 M | 755 M | 662 M | 764 M | 743 M | 743 M | 723 M | 523 M | 787 M | 787 M | 729 M | 545 M | 536 M | 536 M | 479 M | 536 M | 553 M | 553 M | 493 M | 466 M | 542 M | 542 M | 470 M | 474 M | 499 M | 499 M | 431 M |
Operating Income |
45.6 M | - | -548 M | 418 M | 45.6 M | -548 M | 418 M | 45.6 M | - | -594 M | 170 M | 350 M | - | 297 M | 299 M | 304 M | - | 151 M | 722 M | 473 M | - | 406 M | 312 M | 571 M | - | 289 M | 381 M | 381 M | 361 M | 218 M | 330 M | 330 M | 258 M | 164 M | 330 M | 330 M | 227 M | 238 M | 332 M | 331 M | 234 M | 318 M | 303 M | 303 M | 294 M | 255 M | 314 M | 314 M | 267 M | 264 M | 255 M | 255 M | 192 M | 258 M | 251 M | 251 M | 213 M | 200 M | 248 M | 248 M | 191 M | 213 M | 212 M | 212 M | 181 M |
Interest Expense |
-1.9 M | - | -9 M | -1.5 M | -1.9 M | -9 M | -1.5 M | -1.9 M | - | -3.4 M | -4.2 M | -3.1 M | - | -2.1 M | 5.1 M | -33 M | - | -1.5 M | -15.3 M | -300 K | - | -1.2 M | -2.7 M | -13.8 M | - | -1.4 M | -32.2 M | -32.2 M | -1.4 M | -8.8 M | -1.6 M | -1.6 M | -1.5 M | -4.9 M | -7.5 M | -7.5 M | -200 K | 200 K | 1.3 M | 2.7 M | -2.8 M | 600 K | 3.2 M | 3.2 M | 1.1 M | 100 K | -1.6 M | -1.6 M | 100 K | 1.4 M | 300 K | 300 K | 1.3 M | 24.2 M | -300 K | -300 K | - | 23.6 M | 24.3 M | 48.1 M | 344 K | 18.1 M | 19.4 M | 19.4 M | 15.4 M |
EBITDA |
95.8 M | - | -276 M | 597 M | 131 M | -498 M | 469 M | 131 M | - | -540 M | 226 M | 422 M | - | 353 M | 338 M | 354 M | - | 206 M | 901 M | 585 M | - | 463 M | 367 M | 690 M | - | 348 M | 538 M | 489 M | 415 M | 277 M | 484 M | 433 M | 308 M | 216 M | 488 M | 433 M | 278 M | 289 M | 492 M | 436 M | 288 M | 370 M | 469 M | 410 M | 348 M | 280 M | 428 M | 424 M | 323 M | 288 M | 372 M | 331 M | 230 M | 282 M | 359 M | 326 M | 250 M | 222 M | 331 M | 320 M | 227 M | 231 M | 295 M | 267 M | 208 M |
General and Administrative Expenses |
377 M | - | 77.1 M | 84.7 M | 79.2 M | 77.1 M | 84.7 M | 79.2 M | - | 77.2 M | 88.2 M | 82 M | - | 82.3 M | 71.5 M | 61.8 M | - | 64.9 M | 195 M | 138 M | - | 77.3 M | 70.9 M | 130 M | - | 72.9 M | 93 M | 93 M | 65.8 M | 73.8 M | 70.3 M | 70.3 M | 71.6 M | 72.9 M | 73.5 M | 73.5 M | 71.8 M | 80.4 M | 75.5 M | 76.9 M | 70.8 M | 88.3 M | 75.4 M | 75.4 M | 82.9 M | 64.9 M | 83.9 M | 83.9 M | 90 M | 59.2 M | 64.1 M | 64.1 M | 64.2 M | 64.9 M | 67.2 M | 67.2 M | 65.2 M | 47.5 M | 66 M | 60 M | 52.5 M | 44.7 M | 47.8 M | 47.8 M | 46.4 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company The J. M. Smucker Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.