SJM J M Smucker margins

Relative Growth: Rel. Growth: 50

Relative Strength: Rel. Strength: 73

Relative Valuation: Rel. Valuation: 59

Relative Profitability: Rel. Profitability: 60

Gross margin

38.7%

Operating margin

EBITDA margin

14.6%

Net margin

2.5%

Based on the latest figures, J M Smucker reports a gross margin of 38.7%, an operating margin of 9%, an EBITDA margin of 14.6%, and a net margin of 2.5%. Operating margin had the largest improvement, expanding by 20.2 percentage points, while the other available margins also increased.

SJM margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, J M Smucker recorded average margins of 36.77% gross, 2.86% operating, 8.31% EBITDA, and -3.17% net. Compared with their three-year averages, all four current margins are higher.

SJM margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 3.6 percentage points, operating margin by 20.2 percentage points, EBITDA margin by 19.8 percentage points, and net margin by 19.3 percentage points, led by operating margin with an increase of 20.2 percentage points.

Gross margin expansion

3.6pp

Operating margin expansion

20.2pp

EBITDA margin expansion

19.8pp

Net margin expansion

19.3pp

SJM Gross margin

J M Smucker recorded an average gross margin of 36.77% across the last 3 years. J M Smucker currently reports a gross margin of 38.7%, 1.9 percentage points above its three-year average. Over the last 3 years, J M Smucker's gross margin peaked at 39.5% in Jan 2025 and reached a low of 33.5% in Apr 2026.

SJM Operating margin

Across the last 3 years, J M Smucker recorded an average operating margin of 2.86%. J M Smucker's current operating margin is 9% and is 6.1 percentage points above its three-year average. The highest operating margin for J M Smucker was 16% in Apr 2024, while the lowest was -11.2% in Jul 2025.

SJM EBITDA margin

Looking back over the last 3 years, J M Smucker recorded an average EBITDA margin of 8.31%. J M Smucker's current EBITDA margin is 14.6% and is 6.3 percentage points above its three-year average. The highest EBITDA margin for J M Smucker was 21.3% in Jul 2024, while the lowest was -5.2% in Jul 2025.

SJM Net margin

J M Smucker recorded an average net margin of -3.17% across the last 3 years. J M Smucker currently reports a net margin of 2.5%, 5.7 percentage points above its three-year average. The net margin for J M Smucker moved between -16.8% in Jul 2025 and 9.1% in Apr 2024.

SJM margin group comparison

Margins compared with peer-group, industry and sector averages

J M Smucker's gross margin of 38.7% is above the Consumer Defensive sector and the industry average. Compared to its Consumer Defensive sector average of 36.6%, J M Smucker's gross margin is 6% higher.

SJM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is J M Smucker's gross margin?

For the period ending Jul 31, 2026, SJM recorded a gross margin of 38.7%.

What is J M Smucker's operating margin?

For the period ending Jul 31, 2026, SJM recorded an operating margin of 9%.

What is J M Smucker's EBITDA margin?

The current EBITDA margin for SJM is 14.6% as of Jul 31, 2026.

What is J M Smucker's net margin?

As of Jul 31, 2026, SJM has a net margin of 2.5%.

What are the average margins of SJM?

Over the last 3 years, J M Smucker's margins averaged 36.8% gross, 2.9% operating, 8.3% EBITDA, and -3.2% net.

What are the highest historical margins of SJM?

Over this 5-year history, SJM peaked at 39.5% gross in Jan 2025, 16% operating in Apr 2024, 21.3% EBITDA in Jul 2024, and 9.7% net in Oct 2021.

What are the lowest historical margins of SJM?

Across the 5-year period, SJM posted its lowest margins at 31.9% gross in Oct 2022, -11.2% operating in Jul 2025, -5.2% EBITDA in Jul 2025, and -16.8% net in Jul 2025.