J M Smucker annual operating margin
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2026
J M Smucker Operating Margin Growth & History (SJM)
J M Smucker's operating margin was 3.98% for fiscal 2026.
View full J M Smucker company overviewJ M Smucker annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-04-30 | 3.98% | +11.70 pp |
| 2025 | 2025-04-30 | −7.72% | −23.69 pp |
| 2024 | 2024-04-30 | 15.97% | +14.12 pp |
| 2023 | 2023-04-30 | 1.85% | −10.95 pp |
| 2022 | 2022-04-30 | 12.80% | −4.53 pp |
| 2021 | 2021-04-30 | 17.33% | +1.65 pp |
| 2020 | 2020-04-30 | 15.68% | +3.83 pp |
| 2019 | 2019-04-30 | 11.85% | −2.34 pp |
| 2018 | 2018-04-30 | 14.19% | +0.09 pp |
| 2017 | 2017-04-30 | 14.10% | −0.56 pp |
| 2016 | 2016-04-30 | 14.66% | +1.10 pp |
| 2015 | 2015-04-30 | 13.56% | −2.82 pp |
| 2014 | 2014-04-30 | 16.38% | +0.94 pp |
| 2013 | 2013-04-30 | 15.44% | +1.35 pp |
| 2012 | 2012-04-30 | 14.08% | −2.17 pp |
| 2011 | 2011-04-30 | 16.25% | −0.92 pp |
| 2010 | 2010-04-30 | 17.17% | +5.14 pp |
| 2009 | 2009-04-30 | 12.04% | — |
J M Smucker quarterly operating margin
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Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-07-31 | 23.05% | +20.89 pp |
| Q4 2026 | 2026-04-30 | 19.60% | +47.54 pp |
| Q3 2026 | 2026-01-31 | −23.44% | +3.73 pp |
| Q2 2026 | 2025-10-31 | 17.96% | +10.49 pp |
| Q1 2026 | 2025-07-31 | 2.16% | −14.29 pp |
| Q4 2025 | 2025-04-30 | −27.95% | −46.35 pp |
| Q3 2025 | 2025-01-31 | −27.17% | −40.51 pp |
| Q2 2025 | 2024-10-31 | 7.47% | −7.95 pp |
| Q1 2025 | 2024-07-31 | 16.45% | −0.37 pp |
| Q4 2024 | 2024-04-30 | 18.41% | +46.75 pp |
| Q3 2024 | 2024-01-31 | 13.34% | −1.00 pp |
| Q2 2024 | 2023-10-31 | 15.42% | +2.11 pp |
| Q1 2024 | 2023-07-31 | 16.81% | +7.22 pp |
| Q4 2023 | 2023-04-30 | −28.35% | −43.20 pp |
| Q3 2023 | 2023-01-31 | 14.34% | +7.02 pp |
| Q2 2023 | 2022-10-31 | 13.31% | −1.90 pp |
| Q1 2023 | 2022-07-31 | 9.59% | −4.37 pp |
| Q4 2022 | 2022-04-30 | 14.85% | +2.42 pp |
| Q3 2022 | 2022-01-31 | 7.32% | −12.24 pp |
| Q2 2022 | 2021-10-31 | 15.21% | −3.51 pp |
| Q1 2022 | 2021-07-31 | 13.96% | −4.35 pp |
| Q4 2021 | 2021-04-30 | 12.43% | −4.14 pp |
| Q3 2021 | 2021-01-31 | 19.56% | +4.91 pp |
| Q2 2021 | 2020-10-31 | 18.72% | +1.88 pp |
| Q1 2021 | 2020-07-31 | 18.31% | +3.83 pp |
| Q4 2020 | 2020-04-30 | 16.57% | +8.50 pp |
| Q3 2020 | 2020-01-31 | 14.65% | +3.84 pp |
| Q2 2020 | 2019-10-31 | 16.85% | +0.50 pp |
| Q1 2020 | 2019-07-31 | 14.48% | +2.55 pp |
| Q4 2019 | 2019-04-30 | 8.08% | −9.48 pp |
| Q3 2019 | 2019-01-31 | 10.82% | +2.20 pp |
| Q2 2019 | 2018-10-31 | 16.35% | −0.92 pp |
| Q1 2019 | 2018-07-31 | 11.93% | −1.52 pp |
| Q4 2018 | 2018-04-30 | 17.55% | +5.91 pp |
| Q3 2018 | 2018-01-31 | 8.62% | −4.04 pp |
| Q2 2018 | 2017-10-31 | 17.26% | +1.42 pp |
| Q1 2018 | 2017-07-31 | 13.45% | −2.73 pp |
| Q4 2017 | 2017-04-30 | 11.65% | −1.97 pp |
| Q3 2017 | 2017-01-31 | 12.65% | −3.47 pp |
| Q2 2017 | 2016-10-31 | 15.85% | +0.74 pp |
| Q1 2017 | 2016-07-31 | 16.18% | +2.50 pp |
| Q4 2016 | 2016-04-30 | 13.61% | +8.74 pp |
| Q3 2016 | 2016-01-31 | 16.13% | −1.59 pp |
| Q2 2016 | 2015-10-31 | 15.10% | −2.09 pp |
| Q1 2016 | 2015-07-31 | 13.68% | −0.79 pp |
| Q4 2015 | 2015-04-30 | 4.87% | −10.63 pp |
| Q3 2015 | 2015-01-31 | 17.72% | −0.26 pp |
| Q2 2015 | 2014-10-31 | 17.20% | +1.12 pp |
| Q1 2015 | 2014-07-31 | 14.47% | −1.32 pp |
| Q4 2014 | 2014-04-30 | 15.51% | −0.47 pp |
| Q3 2014 | 2014-01-31 | 17.98% | +1.42 pp |
| Q2 2014 | 2013-10-31 | 16.08% | +0.88 pp |
| Q1 2014 | 2013-07-31 | 15.79% | +1.88 pp |
| Q4 2013 | 2013-04-30 | 15.97% | +2.28 pp |
| Q3 2013 | 2013-01-31 | 16.56% | +2.91 pp |
| Q2 2013 | 2012-10-31 | 15.20% | +1.22 pp |
| Q1 2013 | 2012-07-31 | 13.91% | −1.29 pp |
| Q4 2012 | 2012-04-30 | 13.69% | −0.30 pp |
| Q3 2012 | 2012-01-31 | 13.65% | −2.58 pp |
| Q2 2012 | 2011-10-31 | 13.98% | −4.79 pp |
| Q1 2012 | 2011-07-31 | 15.20% | −0.57 pp |
| Q4 2011 | 2011-04-30 | 13.99% | −2.94 pp |
| Q3 2011 | 2011-01-31 | 16.23% | −1.18 pp |
| Q2 2011 | 2010-10-31 | 18.77% | +0.69 pp |
| Q1 2011 | 2010-07-31 | 15.77% | −0.29 pp |
| Q4 2010 | 2010-04-30 | 16.93% | — |
| Q3 2010 | 2010-01-31 | 17.40% | — |
| Q2 2010 | 2009-10-31 | 18.08% | — |
| Q1 2010 | 2009-07-31 | 16.06% | — |
J M Smucker operating margin trends
Over the last five fiscal years, J M Smucker's operating margin decreased from 17.33% to 3.98%, a change of −13.35 percentage points. The latest reported quarter, Q1 2027, shows 23.05%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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