J M Smucker (SJM) Gross Margin (2009 - 2026)
J M Smucker (SJM) posted Gross Margin of 38.01% for Q2 2026, up 7.42% on a QoQ basis from 35.39% in Q1 2026, and down 39.0% year-over-year from 62.31% in Q2 2025.
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.
- 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 was 38.01% for Q2 2026 at J M Smucker, up from 35.39% in the prior quarter.
- Across five years, Gross Margin topped out at 41.41% in Q2 2024 and bottomed at 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 sank 1505 bps.
- J M Smucker's 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 increased by 2 bps to 38.01% in 2026.
- Business Quant data shows SJM's Gross Margin at 38.01% in Q2 2026, 35.39% in Q1 2026, and 37.33% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 26.11% |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | 33.43% |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 24.43% |
| 10 | J M Smucker | 3.81 Mn | 3.81 Mn | 862.10 Mn | 38.01% |
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% |