NYSE : SMG
The Scotts Miracle-Gro Company — Financial statements
Materials · Agricultural Inputs · United States
Last price 62.79 USD (Oct 30, 2026, 10:01 AM EDT) · Market cap 3.66B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
The Scotts Miracle-Gro Company (SMG) reported revenue of 3.48B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.48B | 3.41B | 3.55B | 3.55B | 3.92B | 4.92B |
| Cost of Revenue | 2.36B | 2.35B | 2.62B | 2.71B | 2.89B | 3.43B |
| Gross Profit | 1.12B | 1.06B | 934.00M | 843.00M | 1.03B | 1.49B |
| Selling, General & Admin | 617.90M | 603.40M | 559.00M | 551.30M | 613.00M | 669.00M |
| Research & Development | 45.40M | |||||
| Amortization of Goodwill & Intangibles | 29.10M | |||||
| Other Operating Expenses | 37.20M | 18.40M | 10.30M | -100.00K | 800.00K | -1.80M |
| Operating Expenses | 655.10M | 621.80M | 569.30M | 551.20M | 613.80M | 741.70M |
| Operating Income | 465.10M | 442.70M | 364.70M | 291.80M | 419.30M | 752.00M |
| Interest Expense | -113.10M | -128.80M | -158.80M | -178.10M | -118.10M | -78.90M |
| Interest & Investment Income | 4.10M | |||||
| Earnings From Equity Investments | -700.00K | -2.80M | -68.10M | -101.10M | -12.90M | 14.40M |
| Currency Exchange Gain (Loss) | -300.00K | -300.00K | -9.60M | |||
| Other Non Operating Income (Expenses) | -19.30M | -5.30M | -5.50M | 300.00K | 6.90M | 2.00M |
| EBT Excluding Unusual Items | 331.70M | 305.50M | 122.70M | 12.90M | 295.20M | 693.60M |
| Merger & Restructuring Charges | -59.00M | -47.10M | -68.60M | -199.70M | -184.50M | 200.00K |
| Impairment of Goodwill | -2.50M | -10.30M | -522.40M | |||
| Gain (Loss) on Sale of Investments | -7.00M | -64.60M | -101.30M | |||
| Gain (Loss) on Sale of Assets | -17.70M | -17.70M | 16.20M | |||
| Asset Writedown | -9.50M | -12.00M | -10.60M | -154.90M | -162.60M | |
| Other Unusual Items | 4.00M | -16.70M | ||||
| Pretax Income | 249.50M | 221.70M | -23.60M | -453.30M | -558.10M | 677.10M |
| Income Tax Expense | 94.60M | 76.50M | 11.30M | -73.20M | -120.60M | 159.80M |
| Earnings From Continuing Operations | 154.90M | 145.20M | -34.90M | -380.10M | -437.50M | 517.30M |
| Earnings From Discontinued Operations | -81.00M | -3.90M | ||||
| Net Income to Company | 73.90M | 145.20M | -34.90M | -380.10M | -437.50M | 513.40M |
| Minority Interest in Earnings | -900.00K | |||||
| Net Income | 73.90M | 145.20M | -34.90M | -380.10M | -437.50M | 512.50M |
| Net Income to Common | 73.90M | 145.20M | -34.90M | -380.10M | -437.50M | 512.50M |
| Shares Outstanding (Basic) | 58.05M | 57.60M | 56.80M | 56.00M | 55.50M | 55.70M |
| Shares Outstanding (Diluted) | 59.08M | 58.70M | 56.80M | 56.00M | 55.50M | 57.20M |
| EPS (Basic) | 1.27 | 2.52 | -0.61 | -6.79 | -7.88 | 9.20 |
| EPS (Diluted) | 1.25 | 2.47 | -0.61 | -6.79 | -7.88 | 8.96 |
| Free Cash Flow | 263.30M | 273.90M | 583.50M | 438.20M | -242.50M | 164.60M |
| Free Cash Flow Per Share | 4.46 | 4.67 | 10.27 | 7.83 | -4.37 | 2.88 |
| Dividend Per Share | 2.64 | 2.64 | 2.64 | 2.64 | 2.64 | 2.52 |
| Gross Margin | 32.16% | 31.19% | 26.29% | 23.74% | 26.33% | 30.33% |
| Operating Margin | 13.35% | 12.97% | 10.27% | 8.22% | 10.69% | 15.27% |
| Profit Margin | 2.12% | 4.25% | -0.98% | -10.70% | -11.15% | 10.41% |
| Free Cash Flow Margin | 7.56% | 8.03% | 16.42% | 12.34% | -6.18% | 3.34% |
| EBITDA | 534.80M | 517.70M | 445.30M | 384.30M | 524.50M | 845.80M |
| EBITDA Margin | 15.35% | 15.17% | 12.53% | 10.82% | 13.37% | 17.17% |
| D&A For EBITDA | 69.70M | 75.00M | 80.60M | 92.50M | 105.20M | 93.80M |
| EBIT | 465.10M | 442.70M | 364.70M | 291.80M | 419.30M | 752.00M |
| EBIT Margin | 13.35% | 12.97% | 10.27% | 8.22% | 10.69% | 15.27% |
| Effective Tax Rate | 37.92% | 34.51% | 23.60% | |||
| Advertising Expenses | 152.30M | 141.00M | 123.70M | 120.30M | 165.70M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.70M | 36.60M | 71.60M | 31.90M | 86.80M | 244.10M |
| Trading Asset Securities | 500.00K | 900.00K | 16.70M | 12.80M | ||
| Cash & Short-Term Investments | 27.70M | 37.10M | 72.50M | 48.60M | 99.60M | 244.10M |
| Accounts Receivable | 713.00M | 186.90M | 176.80M | 304.20M | 378.80M | 483.40M |
| Receivables | 713.00M | 186.90M | 176.80M | 304.20M | 378.80M | 483.40M |
| Inventory | 481.40M | 592.80M | 587.50M | 880.30M | 1.34B | 1.13B |
| Prepaid Expenses | 127.00M | 123.50M | 142.70M | 155.90M | 153.80M | 151.30M |
| Other Current Assets | 900.00K | 8.80M | 6.20M | 18.60M | ||
| Total Current Assets | 1.35B | 940.30M | 980.40M | 1.40B | 1.98B | 2.02B |
| Property, Plant & Equipment | 977.60M | 887.90M | 874.90M | 872.90M | 894.90M | 915.20M |
| Long-Term Investments | 146.50M | 78.20M | 91.00M | 177.70M | 310.80M | 397.30M |
| Goodwill | 243.90M | 243.90M | 243.90M | 243.90M | 254.00M | 605.20M |
| Other Intangible Assets | 350.10M | 401.80M | 418.80M | 436.70M | 580.20M | 709.60M |
| Long-Term Deferred Tax Assets | 121.10M | 191.30M | 189.80M | 143.50M | ||
| Other Long-Term Assets | 100.20M | 68.80M | 71.60M | 94.90M | 98.70M | 112.90M |
| Total Assets | 3.17B | 2.74B | 2.87B | 3.41B | 4.30B | 4.80B |
| Accounts Payable | 310.30M | 229.20M | 254.70M | 271.20M | 422.60M | 609.40M |
| Accrued Expenses | 12.00M | 251.40M | 232.60M | 226.10M | 149.10M | 252.20M |
| Current Portion of Long-Term Debt | 275.00M | 55.20M | 50.00M | 50.40M | 137.90M | 57.60M |
| Current Portion of Leases | 61.60M | 73.60M | 77.90M | 78.30M | 82.60M | 72.30M |
| Current Income Taxes Payable | 16.60M | 16.70M | 28.50M | 29.40M | 31.70M | |
| Other Current Liabilities | 451.90M | 113.70M | 118.40M | 119.20M | 142.30M | 117.20M |
| Total Current Liabilities | 1.11B | 739.70M | 750.30M | 773.70M | 963.90M | 1.14B |
| Long-Term Debt | 1.83B | 2.04B | 2.16B | 2.54B | 2.80B | 2.21B |
| Long-Term Leases | 328.30M | 214.70M | 231.00M | 235.10M | 245.70M | 261.90M |
| Pension & Post-Retirement Benefits | 64.30M | 73.00M | 76.70M | 82.10M | 98.20M | |
| Long-Term Deferred Tax Liabilities | 7.60M | 7.00M | 1.10M | 8.50M | 47.80M | |
| Other Long-Term Liabilities | 111.80M | 36.50M | 42.20M | 52.00M | 45.20M | 26.70M |
| Total Liabilities | 3.38B | 3.10B | 3.26B | 3.68B | 4.15B | 3.79B |
| Common Stock | 350.10M | 300.00K | 300.00K | 300.00K | 300.00K | 300.00K |
| Additional Paid-In Capital | 351.30M | 361.70M | 352.80M | 363.70M | 476.70M | |
| Retained Earnings | 404.30M | 294.70M | 303.80M | 490.90M | 1.02B | 1.61B |
| Treasury Stock | -857.10M | -894.10M | -949.10M | -998.50M | -1.09B | -1.00B |
| Comprehensive Income & Other | -106.00M | -109.70M | -107.30M | -112.80M | -144.60M | -66.40M |
| Total Common Equity | -208.70M | -357.50M | -390.60M | -267.30M | 147.70M | 1.01B |
| Shareholders' Equity | -208.70M | -357.50M | -390.60M | -267.30M | 147.70M | 1.01B |
| Total Liabilities & Equity | 3.17B | 2.74B | 2.87B | 3.41B | 4.30B | 4.80B |
| Total Debt | 2.49B | 2.38B | 2.52B | 2.91B | 3.27B | 2.60B |
| Net Cash (Debt) | -2.46B | -2.34B | -2.45B | -2.86B | -3.17B | -2.36B |
| Net Cash Per Share | -41.68 | -39.92 | -43.05 | -51.03 | -57.12 | -41.25 |
| Filing Date Shares Outstanding | 58.22M | 58.00M | 57.41M | 56.55M | 55.46M | 55.16M |
| Total Common Shares Outstanding | 58.20M | 57.76M | 57.12M | 56.50M | 55.50M | 55.60M |
| Working Capital | 238.30M | 200.60M | 230.10M | 624.10M | 1.02B | 883.60M |
| Book Value Per Share | -3.59 | -6.19 | -6.84 | -4.73 | 2.66 | 18.22 |
| Tangible Book Value | -802.70M | -1.00B | -1.05B | -947.90M | -686.50M | -301.50M |
| Tangible Book Value Per Share | -13.79 | -17.37 | -18.44 | -16.78 | -12.37 | -5.42 |
| Land | 158.00M | 152.90M | 149.00M | 145.00M | 144.20M | |
| Buildings | 312.70M | 305.80M | 277.10M | 262.20M | 268.50M | |
| Machinery | 772.80M | 746.20M | 714.00M | 709.40M | 655.50M | |
| Construction In Progress | 101.00M | 78.70M | 104.60M | 95.50M | 132.80M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 73.90M | 145.20M | -34.90M | -380.10M | -437.50M | 512.50M |
| Depreciation & Amortization | 71.50M | 75.00M | 80.60M | 92.50M | 105.20M | 93.80M |
| Loss (Gain) From Sale of Assets | 119.50M | 17.70M | ||||
| Asset Writedown & Restructuring Costs | 21.40M | 21.70M | 84.30M | 288.60M | 666.80M | |
| Loss (Gain) From Sale of Investments | 15.70M | |||||
| Loss (Gain) on Equity Investments | 700.00K | 2.80M | 68.10M | 101.10M | 12.90M | -2.60M |
| Stock-Based Compensation | 51.70M | 69.00M | 80.40M | 68.90M | 34.30M | 40.60M |
| Other Operating Activities | 107.80M | 70.80M | 9.30M | -58.70M | -182.80M | 12.60M |
| Change in Accounts Receivable | -173.50M | -16.60M | 128.20M | 77.70M | 102.80M | 15.50M |
| Change in Inventory | 700.00K | -17.90M | 293.80M | 450.50M | -203.80M | -496.50M |
| Change in Accounts Payable | 68.70M | -300.00K | -1.60M | -153.60M | -171.20M | 202.50M |
| Change in Other Net Operating Assets | 11.20M | 3.90M | -40.70M | 44.10M | -55.70M | -106.90M |
| Operating Cash Flow | 369.30M | 371.30M | 667.50M | 531.00M | -129.00M | 271.50M |
| Capital Expenditures | -106.00M | -97.40M | -84.00M | -92.80M | -113.50M | -106.90M |
| Sale of Property, Plant & Equipment | 63.30M | 200.00K | ||||
| Cash Acquisitions | -237.30M | -127.80M | ||||
| Divestitures | -37.50M | -2.50M | ||||
| Investment in Securities | -21.40M | -25.00M | -295.40M | |||
| Other Investing Activities | -2.20M | -3.70M | 5.00M | -9.90M | 29.30M | -8.70M |
| Investing Cash Flow | -154.20M | -112.10M | -100.40M | -65.70M | -283.20M | -538.60M |
| Long-Term Debt Issued | 702.70M | 648.50M | 1.34B | 3.62B | 2.14B | |
| Long-Term Debt Repaid | -824.80M | -1.04B | -1.69B | -2.94B | -1.36B | |
| Net Debt Issued (Repaid) | -77.10M | -122.10M | -391.00M | -353.60M | 680.10M | 781.70M |
| Issuance of Common Stock | 4.60M | 11.90M | 3.80M | 2.30M | 3.30M | 15.20M |
| Repurchase of Common Stock | -12.10M | -18.40M | -5.10M | -9.30M | -257.90M | -129.30M |
| Common Dividends Paid | -154.40M | -154.30M | -151.30M | -149.10M | -166.20M | -143.00M |
| Other Financing Activities | 1.40M | -11.10M | 15.70M | -10.40M | -4.00M | -30.60M |
| Financing Cash Flow | -237.60M | -294.00M | -527.90M | -520.10M | 255.30M | 494.00M |
| Foreign Exchange Rate Adjustments | -900.00K | -200.00K | 500.00K | -100.00K | -400.00K | 600.00K |
| Net Cash Flow | -17.30M | -35.00M | 39.70M | -54.90M | -157.30M | 227.50M |
| Free Cash Flow | 263.30M | 273.90M | 583.50M | 438.20M | -242.50M | 164.60M |
| Free Cash Flow Margin | 7.56% | 8.03% | 16.42% | 12.34% | -6.18% | 3.34% |
| Free Cash Flow Per Share | 4.46 | 4.67 | 10.27 | 7.83 | -4.37 | 2.88 |
| Levered Free Cash Flow | 248.50M | 235.99M | 624.39M | 574.36M | -155.25M | 52.69M |
| Unlevered Free Cash Flow | 319.19M | 316.49M | 723.64M | 685.67M | -81.44M | 102.00M |
| Cash Interest Paid | 117.40M | 131.40M | 157.70M | 173.50M | 112.50M | 61.60M |
| Cash Income Tax Paid | 6.20M | 12.90M | 9.40M | -18.20M | 27.20M | 179.70M |
| Change in Working Capital | -92.90M | -30.90M | 379.70M | 418.70M | -327.90M | -385.40M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.62B | 3.29B | 4.93B | 2.90B | 2.37B | 8.17B |
| Enterprise Value | 6.09B | 5.71B | 7.43B | 6.23B | 6.10B | 10.52B |
| Last Close Price | 62.24 | 54.49 | 79.63 | 45.47 | 36.04 | 120.32 |
| PE Ratio | 49.87 | 22.65 | 15.94 | |||
| Forward PE | 13.91 | 14.29 | 25.15 | 31.58 | 12.07 | 16.99 |
| PS Ratio | 1.04 | 0.96 | 1.39 | 0.82 | 0.60 | 1.66 |
| PB Ratio | -9.20 | -12.61 | -10.86 | 16.04 | 8.06 | |
| P/FCF Ratio | 13.76 | 12.01 | 8.44 | 6.62 | 49.62 | |
| P/OCF Ratio | 9.81 | 8.86 | 7.38 | 5.46 | 30.08 | |
| PEG Ratio | 0.42 | 0.43 | 1.78 | 1.78 | 1.42 | |
| EV/Sales Ratio | 1.75 | 1.67 | 2.09 | 1.75 | 1.55 | 2.14 |
| EV/EBITDA Ratio | 11.38 | 11.03 | 16.68 | 16.22 | 11.63 | 12.44 |
| EV/EBIT Ratio | 13.09 | 12.90 | 20.37 | 21.36 | 14.55 | 13.99 |
| EV/FCF Ratio | 23.11 | 20.85 | 12.73 | 14.22 | 63.94 | |
| Debt / Equity Ratio | -11.93 | -6.66 | -6.45 | -10.87 | 22.14 | 2.57 |
| Debt / EBITDA Ratio | 3.79 | 3.74 | 4.44 | 5.68 | 4.91 | 2.69 |
| Debt / FCF Ratio | 9.46 | 8.69 | 4.32 | 6.63 | 15.82 | |
| Net Debt / Equity Ratio | -11.80 | -6.55 | -6.26 | -10.69 | 21.46 | 2.33 |
| Net Debt / EBITDA Ratio | 4.60 | 4.53 | 5.49 | 7.44 | 6.04 | 2.79 |
| Net Debt / FCF Ratio | 9.35 | 8.55 | 4.19 | 6.52 | -13.07 | 14.33 |
| Asset Turnover | 1.11 | 1.22 | 1.13 | 0.92 | 0.86 | 1.20 |
| Inventory Turnover | 4.61 | 3.98 | 3.57 | 2.44 | 2.34 | 3.92 |
| Quick Ratio | 0.67 | 0.30 | 0.33 | 0.46 | 0.50 | 0.64 |
| Current Ratio | 1.22 | 1.27 | 1.31 | 1.81 | 2.06 | 1.77 |
| Return on Equity (ROE) | -75.37% | 60.28% | ||||
| Return on Assets (ROA) | 9.29% | 9.86% | 7.25% | 4.73% | 5.76% | 11.49% |
| Return on Invested Capital (ROIC) | 13.77% | 14.06% | 15.32% | 9.79% | 12.53% | 19.94% |
| Return on Capital Employed (ROCE) | 22.60% | 22.10% | 17.20% | 11.10% | 12.60% | 20.50% |
| Earnings Yield | 2.00% | 4.42% | -0.71% | -13.10% | -18.47% | 6.28% |
| FCF Yield | 7.27% | 8.33% | 11.84% | 15.10% | -10.24% | 2.02% |
| Dividend Yield | 4.24% | 4.64% | 3.06% | 5.14% | 6.19% | 1.72% |
| Payout Ratio | 211.55% | 106.27% | 27.90% | |||
| Buyback Yield / Dilution | -2.52% | -3.35% | -1.43% | -0.90% | 2.97% | -0.53% |
| Total Shareholder Return | 1.73% | 1.29% | 1.63% | 4.24% | 9.16% | 1.19% |