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
DateValue
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%