J M Smucker (SJM) Gross Margin (2009 - 2026)
J M Smucker's (SJM) quarterly Gross Margin came in at 44.14% in Q3 2026, up 2168.0% on a YoY basis from 1.95% in Q3 2025, and up 16.13% quarter-over-quarter from 38.01% in Q2 2026.
Powered by 
Analysis
J M Smucker (SJM) Gross Margin (2009 - 2026) Analysis & Trends
J M Smucker (SJM) has reported Gross Margin for 18 consecutive years, with 44.14% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Gross Margin rose 2168.0% year-over-year to 44.14%; the trailing twelve-month figure through Jul 2026 stood at 38.65% (up 351.0% YoY), and the FY2026 full-year result was 33.53%, down 526.0% from the prior year.
- Gross Margin climbed to 44.14% in Q3 2026 per SJM's latest filing, from 38.01% in the prior quarter.
- Across five years, Gross Margin topped out at 44.14% in Q3 2026 and bottomed at 22.46% in Q3 2025.
- Historically, Gross Margin has averaged 35.85% across 5 years, with a median of 36.92% in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin tumbled 1505 bps in 2025, then jumped 2168 bps in 2026.
- Over 5 years, Gross Margin stood at 31.79% in 2022, then climbed by 17 bps to 37.36% in 2023, then increased by 4 bps to 39.01% in 2024, then declined by 4 bps to 37.33% in 2025, then rose by 18 bps to 44.14% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 44.14%, 38.01%, and 35.39% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 29.01 Bn | 26.33 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 19.32 Bn | 18.87 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 13.73 Bn | 13.40 Bn | 778.20 Mn | 40.18% |
| 4 | J M Smucker | 13.04 Bn | 12.99 Bn | 979.60 Mn | 44.14% |
| 5 | Hormel Foods | 11.45 Bn | 10.58 Bn | 471.52 Mn | 15.92% |
| 6 | Chewy | 8.75 Bn | 8.23 Bn | 1.01 Bn | 30.13% |
| 7 | Conagra Brands | 7.04 Bn | 6.82 Bn | 704.10 Mn | 24.43% |
| 8 | Lamb Weston Holdings | 6.59 Bn | 6.52 Bn | 361.40 Mn | 20.42% |
| 9 | Campbell'S | 6.23 Bn | 5.83 Bn | 650.00 Mn | 27.47% |
| 10 | Post Holdings | 3.61 Bn | 3.35 Bn | 566.30 Mn | 29.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 44.14% |
| 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% |