The J. M. Smucker Company SJM

Consumer StaplesFood & TobaccoUnited States of America

Last close 127.98 USD on Nov 3, 2026, +34.8% year to date

Quant rating

Quant rating A Rank 15 of 124 in Consumer Staples

Growth B 34 of 124
Valuation B 35 of 124
Quality C 66 of 124
Revisions A 11 of 124
Momentum B 19 of 124

Wall Street consensus Buy (2.17)Average target 140.71 USD +9.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 13.7B
Enterprise value: 20.4B
52-week range: 88.32 – 135.80
3-year range: 88.32 – 135.80
Dividend yield: 3.41%
Beta (5 years): 0.25
Shares outstanding: 107M
Next earnings: Nov 23, 2026

About the company

The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food and beverage products on a worldwide basis. The Company's branded food and beverage products include a portfolio of brands that are sold to consumers primarily through retail outlets in North America. The Company operates through four segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail Pet Foods, and Sweet Baked Snacks. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers, Dunkin', and Cafe Bustelo branded coffee. The U.S. Retail Frozen Handheld and Spreads segment primarily includes the domestic sales of Uncrustables, Jif, and Smucker’s branded products. The U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix, Milk-Bone, Pup-Peroni, and Canine Carry Outs branded products. The Sweet Baked Snacks segment primarily includes all domestic and foreign sales of Hostess branded products across all channels.

Growth and profitability fiscal year ends April 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	9,051	8,726	8,179	8,529	7,999	–
Revenue growth	3.7%	6.7%	−4.1%	6.6%	0.0%	2.5%
EPS (basic, normalized)	9.15	10.12	9.94	8.92	8.88	–
EPS growth	−9.6%	1.8%	11.4%	0.5%	–	–
Gross margin	34.3%	38.9%	38.1%	32.9%	34.0%	35.6%
Net margin	−1.5%	−14.1%	9.1%	−1.1%	7.9%	0.1%
ROE	−2.4%	−17.9%	9.9%	−1.2%	7.8%	−0.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	43.2
Current ratio	0.87x
Long-term debt (mil)	6,400
Net debt (mil)	6,704
Total equity (mil)	5,751
Net debt / equity	1.17x
Net debt / EBITDA	3.31x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	9,051	+3.7%	2.3x	2,025	−3.9%	10.1x	9.15	−9.6%	14.0x
2027	8,954	−1.1%	2.3x	2,159	+6.6%	9.4x	10.84	+18.4%	11.8x
2028	9,065	+1.2%	2.2x	2,174	+0.7%	9.4x	11.04	+1.9%	11.6x
2029	9,241	+1.9%	2.2x	2,284	+5.0%	8.9x	11.53	+4.4%	11.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	8,954	0.0%	+2.3%	−2.1%	10.84	0.0%	+8.0%	+7.9%
2028	9,065	0.0%	+3.6%	−2.6%	11.04	+0.7%	+2.8%	+3.5%
2029	9,241	0.0%	+2.5%	−3.2%	11.53	+1.2%	+4.5%	0.0%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	2,206	2,125	2,271	2,186	2,144	2,113	2,330	2,339	2,268	2,219
Sales mean (mil)	2,241	2,133	2,266	2,225	2,185	2,115	2,319	2,322	2,260	2,131
Surprise	−1.6%	−0.4%	+0.2%	−1.8%	−1.9%	−0.1%	+0.5%	+0.7%	+0.4%	+4.1%
EPS reported	2.66	2.44	2.76	2.61	2.31	1.90	2.10	2.38	2.77	2.40
EPS mean	2.33	2.17	2.51	2.37	2.24	1.93	2.10	2.27	2.64	2.22
Surprise	+14.2%	+12.4%	+10.0%	+10.3%	+3.0%	−1.7%	−0.1%	+4.6%	+5.0%	+8.3%

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SJM The J. M. Smucker Company	13.7B	3.31x	−1.5%	2.38x	11.8x	11.6x	9.4x	9.4x
NESN Nestle SA	265.7B	–	10.1%	7.43x	18.9x	18.0x	15.3x	14.7x
MDLZ Mondelez International, Inc.	82.4B	3.14x	6.4%	3.11x	21.3x	19.4x	15.2x	14.2x
HSY The Hershey Company	33.7B	1.80x	7.6%	5.03x	19.3x	17.6x	12.5x	11.7x
KHC The Kraft Heinz Company	29.1B	2.86x	−23.4%	0.81x	12.0x	11.8x	9.3x	9.2x
TSN Tyson Foods Inc	20.0B	2.03x	0.9%	1.11x	16.2x	14.8x	8.3x	7.9x
Mean		2.63x	0.0%	3.31x	16.6x	15.5x	11.7x	11.2x
Median		2.86x	3.6%	2.74x	17.6x	16.2x	11.0x	10.5x

Technical analysis

1M+9.2%
3M+9.9%
1Y+28.5%
3Y+26.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, The J. M. Smucker Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	9,051	8,726	8,179	8,529	7,999	8,003
Cost of revenue	5,950	5,332	5,060	5,721	5,278	4,864
Gross profit	3,101	3,394	3,118	2,808	2,721	3,139
Selling, general & administrative expenses	1,441	1,477	1,397	1,408	1,312	1,465
Research & development	55.2	51.7	49.1	47.3	48.8	57.7
Depreciation/amortization	211	219	191	207	224	233
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1,050	2,307	166	1,036	176	24.5
Other operating expenses	−15.7	−18.1	29.2	−40.8	−55.8	−28.7
Operating income	359	−644	1,286	151	1,017	1,387
Net interest income (expense)	−381	−389	−264	−152	−161	−177
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−40.1	−14.4	−25.3	−7.8	−12.2	−37.8
Net income before taxes	−62.4	−1,047	996	−9.2	844	1,172
Provision for taxes	76.3	184	252	82.1	212	296
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−139	−1,231	744	−91.3	632	876
Extraordinary items	–	–	–	–	–	–
Net income	−139	−1,231	744	−91.3	632	876
EBIT, normalized	1,443	1,664	1,455	1,187	1,193	1,411
EBITDA, normalized	2,000	2,166	1,886	1,618	1,652	1,866
Basic EPS, normalized	9.15	10.12	9.94	8.92	8.88	–

Balance sheet in millions of USD, fiscal years

Balance sheet, The J. M. Smucker Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	58.6	69.9	62.0	1,144	170	334
Receivables	656	619	736	598	525	534
Total inventory	1,126	1,209	1,039	1,010	1,089	960
Prepaid expenses	–	–	–	–	–	–
Other current assets	132	248	130	108	226	114
Total current assets	1,973	2,147	1,967	2,859	2,010	1,942
Property, plant & equipment	3,181	3,195	3,247	2,342	2,238	2,144
Goodwill	5,205	5,710	7,650	5,217	6,016	6,024
Intangibles	5,684	6,347	7,255	4,429	5,652	6,041
Long-term investments	18.5	20.0	22.1	24.0	–	31.0
Note receivable	–	–	–	–	–	–
Other long-term assets	158	145	132	120	139	103
Total assets	16,219	17,563	20,274	14,991	16,055	16,284
Liabilities
Accounts payable	1,175	1,289	1,336	1,393	1,193	1,034
Payable/accrued	–	–	–	–	–	–
Accrued expenses	291	307	406	334	326	382
Short-term debt	421	641	591	0	180	82.0
Current portion of long-term debt	154	3.3	1,002	1.2	1.4	1,155
Other current liabilities	498	412	426	259	252	215
Total current liabilities	2,538	2,652	3,761	1,987	1,953	2,868
Long-term debt	6,400	7,046	6,782	4,316	4,313	3,519
Minority interest	–	–	–	–	–	–
Other liabilities	1,738	1,783	2,037	1,398	1,649	1,773
Total liabilities	10,676	11,481	12,580	7,701	7,915	8,159
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	26.7	26.6	26.5	26.1	26.6	27.1
Additional paid-in capital	5,752	5,739	5,714	5,372	5,458	5,528
Retained earnings (accumulated deficit)	−101	502	2,188	2,132	2,893	2,848
Treasury stock	–	–	–	–	–	–
Other equity	−134	−184	−235	−239	−237	−277
Total equity	5,544	6,083	7,694	7,291	8,140	8,125
Total liabilities & shareholders' equity	16,219	17,563	20,274	14,991	16,055	16,284

Cash flow statement in millions of USD, fiscal years

Cash flow statement, The J. M. Smucker Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	−139	−1,231	744	−91.3	632	876
Depreciation, depletion & amortization	557	502	431	431	459	452
Deferred taxes	−103	−108	−40.5	−191	−38.1	−13.9
Non-cash items	1,063	2,345	140	1,006	195	48.5
Changes in working capital	95.6	−299	−44.5	39.1	−112	202
Cash from operations	1,474	1,210	1,229	1,194	1,136	1,565
Investing activities
Capital expenditures	−317	−394	−586	−477	−418	−307
Other investing cash flows	58.6	294	−3,378	734	62.0	618
Cash from investing	−259	−100	−3,965	256	−356	311
Financing activities
Financing cash flow items	−4.7	−15.1	−124	−2.6	−10.5	−0.4
Cash dividends paid	−465	−455	−438	−430	−418	−403
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−757	−632	2,703	−532	−516	−1,540
Cash from financing	−1,226	−1,103	2,142	−965	−944	−1,944
Foreign exchange effects	0.4	0.5	−0.2	−0.1	−0.7	11.0
Net change in cash	−11.3	7.9	−594	486	−164	−56.8
Free cash flow	1,156	817	643	717	719	1,258

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.