SJM Consumer Defensive

The J. M. Smucker Company

$127.98-2.57%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Defensive
Industry: Packaged Foods
Country: United States
Market cap: 13.7B USD
Enterprise value: 20.3B USD

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.87 vs a peer median of 1.52) and more debt relative to equity (1.17× vs a peer median of 0.42×)higher risk: less liquidity (current ratio 0.87 vs peers 1.52) and more debt vs equity (1.17× vs peers 0.42×)

Ranks #449 of 761 consumer defensive companies (bottom 42%)

See how it ranks against its peers

Worth knowing

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
J. M. Smucker made a profit per share in its latest year after a loss the year before.
Valuation signals disagree. Cheaper than 76% of peers on free cash flow, but only 26% on earnings.
Relative to its free cash flow, J. M. Smucker looks cheaper than 76% of peers; relative to its earnings, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.
Profit recovered from an unusually weak FY Apr 2023. Since FY Apr 2023 (an unusually weak year for operating profit): revenue +6.1%, operating profit +129%.Since FY Apr 2023: revenue +6.1%, operating profit +129%.
Since FY Apr 2023, J. M. Smucker's revenue grew 6.1% while operating profit grew 129%: each extra dollar of sales is adding more profit.
Cash flow well above reported profit. Free cash flow is 6.9× reported profit.
Free cash flow is 6.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

46/ 100▲ 1 since Oct 27 close

Oct 5 46 → Nov 4 46

Valuation

Is the price right?

40/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.7%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score -0.95Sector median: 0.0453 · MAD: 0.0301

EBITDA yield6.8%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -0.44Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield11.6%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.22Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield42.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

77/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 76 → 77

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 2.80Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth2.7%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score -0.21Sector median: 0.0366 · MAD: 0.0470

Revenue growth5.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.39Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

37/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Turned profitable over the last 12 months
Operating margin rose 5.0 points to 9.0%

Why

Weaker than most peers on:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin9.0%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.28Sector median: 0.0759 · MAD: 0.0508

Return on assets1.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.97Sector median: 0.0396 · MAD: 0.0262

Return on invested capital5.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.36Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin38.7%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity4.0%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.26

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.85Sector median: 0.4070 · MAD: 0.1690

Current ratio0.87×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.01Sector median: 1.5250 · MAD: 0.6460

Debt / equity1.17×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.09Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about J. M. Smucker

Is J. M. Smucker getting weaker?: Its latest SEC filing (Aug 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 5.0 points to 9.0%. Its overall score is 46/100, up 1 since Oct 28, 2026.
How is J. M. Smucker valued vs its peers?: Priced about in line with its peers. Valuation scores 40/100 against 823 consumer defensive peers. Free cash flow yield 11.6% vs a peer median of 6.2% (stronger than 76% of peers).Free cash flow yield 11.6% vs peers 6.2% (stronger than 76% of peers). Earnings yield 1.7% vs a peer median of 4.5% (weaker than 74% of peers).Earnings yield 1.7% vs peers 4.5% (weaker than 74% of peers).
Is J. M. Smucker growing?: Yes, faster than most of its peers. Growth scores 77/100 against 823 consumer defensive peers. Revenue growth 5.1% vs a peer median of 2.8% (stronger than 62% of peers).Revenue growth 5.1% vs peers 2.8% (stronger than 62% of peers).
How profitable is J. M. Smucker?: Less profitable than most of its peers. Profitability scores 37/100 against 823 consumer defensive peers. Return on assets 1.4% vs a peer median of 4.0% (weaker than 75% of peers).Return on assets 1.4% vs peers 4.0% (weaker than 75% of peers).
How risky is J. M. Smucker?: Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.41 (stronger than 75% of peers).Beta 0.26 vs peers 0.41 (stronger than 75% of peers). Current ratio 0.87× vs a peer median of 1.52× (weaker than 82% of peers).Current ratio 0.87× vs peers 1.52× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Aug 26, 2026 · compared with the quarter ended Apr 30, 2026

Got stronger

Turned profitable over the last 12 months
Operating margin rose 5.0 points to 9.0%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	9.1B USD	9.2B USD	+1.2%
Net income (12 months)	−138.7M USD	229.5M USD	turned positive
Operating margin	4.0%	9.0%	+5.0 pts
Free cash flow (12 months)	1.2B USD	1.6B USD	+37.4%
Debt	7.0B USD	6.7B USD	−3.2%
Cash	58.6M USD	43.2M USD	−26.3%
Shares outstanding	106.7M	106.8M	+0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Packaged Foods · 21 companies

Valuations in Packaged Foods are near the bottom of their range since 2016.

3% of months since 2016 were valued lower than now.
0% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −68% vs the whole market, against a usual −37%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Apr 2022	FY Apr 2023	FY Apr 2024	FY Apr 2025	FY Apr 2026	Change
Gross margin	33.8%	32.8%	38.1%	38.8%	33.5%	▼ 5.3 pts
Operating margin	12.8%	1.8%	16.0%	-7.7%	4.0%	▲ 12 pts
Net margin	7.9%	-1.1%	9.1%	-14.1%	-1.5%	▲ 13 pts
Return on assets (ROA)	3.9%	-0.6%	3.7%	-7.0%	-0.9%	▲ 6.2 pts
Return on equity (ROE)	7.8%	-1.3%	9.7%	-20.2%	-2.5%	▲ 18 pts
Free cash flow margin	9.0%	8.4%	7.9%	9.4%	12.8%	▲ 3.4 pts
Current ratio	1.03×	1.44×	0.52×	0.81×	0.78×	▼ 4.0%
Quick ratio	0.47×	0.93×	0.25×	0.35×	0.33×	▼ 5.6%
Debt to equity	0.55×	0.59×	1.09×	1.26×	1.26×	▼ 0.5%

SJM price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Chin Teck Plantations Berhad1929.KL94/ 100

First Resources LimitedEB5.SI91/ 100

Sipef NVSIP.BR91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.87 vs a peer median of 1.52) and more debt relative to equity (1.17× vs a peer median of 0.42×)higher risk: less liquidity (current ratio 0.87 vs peers 1.52) and more debt vs equity (1.17× vs peers 0.42×)

Ranks #449 of 761 consumer defensive companies (bottom 42%)

See how it ranks against its peers

Worth knowing

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

J. M. Smucker made a profit per share in its latest year after a loss the year before.

Valuation signals disagree. Cheaper than 76% of peers on free cash flow, but only 26% on earnings.

Relative to its free cash flow, J. M. Smucker looks cheaper than 76% of peers; relative to its earnings, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.

Profit recovered from an unusually weak FY Apr 2023. Since FY Apr 2023 (an unusually weak year for operating profit): revenue +6.1%, operating profit +129%.Since FY Apr 2023: revenue +6.1%, operating profit +129%.

Since FY Apr 2023, J. M. Smucker's revenue grew 6.1% while operating profit grew 129%: each extra dollar of sales is adding more profit.

Cash flow well above reported profit. Free cash flow is 6.9× reported profit.

Free cash flow is 6.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about J. M. Smucker

Is J. M. Smucker getting weaker?

Its latest SEC filing (Aug 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 5.0 points to 9.0%. Its overall score is 46/100, up 1 since Oct 28, 2026.

How is J. M. Smucker valued vs its peers?

Priced about in line with its peers. Valuation scores 40/100 against 823 consumer defensive peers. Free cash flow yield 11.6% vs a peer median of 6.2% (stronger than 76% of peers).Free cash flow yield 11.6% vs peers 6.2% (stronger than 76% of peers). Earnings yield 1.7% vs a peer median of 4.5% (weaker than 74% of peers).Earnings yield 1.7% vs peers 4.5% (weaker than 74% of peers).

Is J. M. Smucker growing?

Yes, faster than most of its peers. Growth scores 77/100 against 823 consumer defensive peers. Revenue growth 5.1% vs a peer median of 2.8% (stronger than 62% of peers).Revenue growth 5.1% vs peers 2.8% (stronger than 62% of peers).

How profitable is J. M. Smucker?

Less profitable than most of its peers. Profitability scores 37/100 against 823 consumer defensive peers. Return on assets 1.4% vs a peer median of 4.0% (weaker than 75% of peers).Return on assets 1.4% vs peers 4.0% (weaker than 75% of peers).

How risky is J. M. Smucker?

Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.41 (stronger than 75% of peers).Beta 0.26 vs peers 0.41 (stronger than 75% of peers). Current ratio 0.87× vs a peer median of 1.52× (weaker than 82% of peers).Current ratio 0.87× vs peers 1.52× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

9.1B USD

9.2B USD

+1.2%

Net income (12 months)

−138.7M USD

229.5M USD

turned positive

Operating margin

4.0%

9.0%

+5.0 pts

Free cash flow (12 months)

1.2B USD

1.6B USD

+37.4%

Debt

7.0B USD

6.7B USD

−3.2%

Cash

58.6M USD

43.2M USD

−26.3%

Shares outstanding

106.7M

106.8M

+0.2%

Key ratios

FY Apr 2022

FY Apr 2023

FY Apr 2024

FY Apr 2025

FY Apr 2026

Change

Gross margin

33.8%

32.8%

38.1%

38.8%

33.5%

▼ 5.3 pts

Operating margin

12.8%

1.8%

16.0%

-7.7%

4.0%

▲ 12 pts

Net margin

7.9%

-1.1%

9.1%

-14.1%

-1.5%

▲ 13 pts

Return on assets (ROA)

3.9%

-0.6%

3.7%

-7.0%

-0.9%

▲ 6.2 pts

Return on equity (ROE)

7.8%

-1.3%

9.7%

-20.2%

-2.5%

▲ 18 pts

Free cash flow margin

9.0%

8.4%

7.9%

9.4%

12.8%

▲ 3.4 pts

Current ratio

1.03×

1.44×

0.52×

0.81×

0.78×

▼ 4.0%

Quick ratio

0.47×

0.93×

0.25×

0.35×

0.33×

▼ 5.6%

Debt to equity

0.55×

0.59×

1.09×

1.26×

▼ 0.5%