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's Gross Margin history runs 18 years deep, the most recent figure standing at 38.01% for Q2 2026.
- On a quarterly basis, Gross Margin fell 39.0% year-over-year to 38.01% in Q2 2026; TTM through Apr 2026 was 33.53%, a 526.0% decrease from a year earlier, with the FY2026 full-year figure at 33.53%, down 526.0% from the prior year.
- Gross Margin was 38.01% for Q2 2026 at J M Smucker, up from 35.39% in the prior quarter.
- Over the last five years, Gross Margin for SJM reached as high as 41.41% in Q2 2024 and fell as low as 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.
- The widest annual swing landed in 2023, when Gross Margin jumped 677 bps; it then plunged 1505 bps in 2025.
- Tracing SJM's Gross Margin over 5 years: stood at 31.79% in 2022, then rose by 17 bps to 37.36% in 2023, then advanced by 4 bps to 39.01% in 2024, then decreased by 4 bps to 37.33% in 2025, then advanced by 2 bps to 38.01% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 38.01%, 35.39%, and 37.33% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Paranovus Entertainment Technology | 12,507.92 Bn | 12,507.92 Bn | - | - |
| 2 | Kraft Heinz | 27.05 Bn | 22.98 Bn | 2.22 Bn | 36.70% |
| 3 | General Mills | 17.93 Bn | 17.16 Bn | 1.37 Bn | 30.81% |
| 4 | Jbs | 13.56 Bn | 8.99 Bn | 2.32 Bn | - |
| 5 | Hormel Foods | 13.29 Bn | 12.44 Bn | 518.51 Mn | 17.44% |
| 6 | Mccormick | 12.45 Bn | 12.85 Bn | 708.90 Mn | 37.83% |
| 7 | Magnum Ice Cream | 11.94 Bn | 11.47 Bn | - | - |
| 8 | J M Smucker | 11.83 Bn | 11.77 Bn | 862.10 Mn | 38.01% |
| 9 | Smithfield Foods | 9.80 Bn | 8.73 Bn | 511.00 Mn | 13.45% |
| 10 | Darling Ingredients | 8.51 Bn | 8.55 Bn | 404.92 Mn | 26.11% |
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% |