J M Smucker (SJM) Gross Margin (2009 - 2026)
J M Smucker's (SJM) quarterly Gross Margin came in at 38.01% in Q2 2026, down 39.0% YoY from 62.31% in Q2 2025, and up 7.42% on a QoQ basis from 35.39% in Q1 2026.
J M Smucker (SJM) Gross Margin (2009 - 2026) Analysis & Trends
J M Smucker (SJM) has 18 years of Gross Margin data on file, last reported at 38.01% in Q2 2026.
- Quarterly Gross Margin fell 39.0% year-over-year to 38.01% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 33.53% (down 526.0% YoY) and the FY2026 annual result came in at 33.53%, down 526.0% from the prior year.
- Gross Margin grew to 38.01% in Q2 2026, from 35.39% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 41.41% in Q2 2024 to a low of 22.46% in Q3 2025.
- A 5-year average of 35.39% and a median of 36.6% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 677 bps — and 2025, when it slumped 1505 bps.
- Tracing SJM's Gross Margin over 5 years: stood at 31.79% in 2022, then gained by 17 bps to 37.36% in 2023, then climbed by 4 bps to 39.01% in 2024, then slipped by 4 bps to 37.33% in 2025, then climbed by 2 bps to 38.01% in 2026.
- The last three Gross Margin figures came in at 38.01% (Q2 2026), 35.39% (Q1 2026), and 37.33% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.42 Bn | 20.97 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 15.04 Bn | 14.71 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.88 Bn | 11.41 Bn | 4.91 Bn | 10.79% |
| 5 | J M Smucker | 13.24 Bn | 13.18 Bn | 862.10 Mn | 38.01% |
| 6 | Hormel Foods | 13.17 Bn | 12.31 Bn | 518.51 Mn | 17.44% |
| 7 | Magnum Ice Cream | 12.13 Bn | 11.41 Bn | - | - |
| 8 | Darling Ingredients | 10.56 Bn | 10.39 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.78 Bn | 7.43 Bn | 478.00 Mn | 12.92% |
| 10 | Conagra Brands | 7.84 Bn | 7.63 Bn | 704.10 Mn | 24.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 38.01% |
| Jan 31, 2026 | 35.39% |
| Oct 31, 2025 | 37.33% |
| Jul 31, 2025 | 22.46% |
| Apr 30, 2025 | 38.40% |
| Jan 31, 2025 | 40.17% |
| Oct 31, 2024 | 39.01% |
| Jul 31, 2024 | 37.51% |
| Apr 30, 2024 | 41.41% |
| Jan 31, 2024 | 36.92% |
| Oct 31, 2023 | 37.36% |
| Jul 31, 2023 | 36.27% |
| Apr 30, 2023 | 35.46% |
| Jan 31, 2023 | 34.10% |
| Oct 31, 2022 | 31.79% |
| Jul 31, 2022 | 29.50% |
| Apr 30, 2022 | 32.78% |
| Jan 31, 2022 | 33.21% |
| Oct 31, 2021 | 34.71% |
| Jul 31, 2021 | 34.41% |