J M Smucker (SJM) Operating Margin (2009 - 2026)
J M Smucker's (SJM) quarterly Operating Margin came in at 19.6% in Q2 2026, up 4754.0% YoY from 0.4% in Q2 2025, and up 183.6% on a QoQ basis from 23.44% in Q1 2026.
J M Smucker (SJM) Operating Margin (2009 - 2026) Analysis & Trends
J M Smucker (SJM) has 18 years of Operating Margin data on file, last reported at 19.6% in Q2 2026.
- Quarterly Operating Margin rose 4754.0% year-over-year to 19.6% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 3.98% (up 1170.0% YoY) and the FY2026 annual result came in at 3.98%, up 1170.0% from the prior year.
- Operating Margin climbed to 19.6% in Q2 2026, from 23.44% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 19.6% in Q2 2026 to a low of 28.35% in Q2 2023.
- A 5-year average of 4.45% and a median of 13.32% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2025 — Operating Margin tumbled 4635 bps — and 2026, when it soared 4754 bps.
- Tracing SJM's Operating Margin over 5 years: stood at 13.31% in 2022, then advanced by 16 bps to 15.42% in 2023, then slumped by 52 bps to 7.47% in 2024, then jumped by 140 bps to 17.96% in 2025, then rose by 9 bps to 19.6% in 2026.
- The last three Operating Margin figures came in at 19.6% (Q2 2026), 23.44% (Q1 2026), and 17.96% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | -102.70% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | -45.40% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 14.27% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 2.38% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 7.30% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 19.60% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 32.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 7.84% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | -57.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 19.60% |
| Jan 31, 2026 | -23.44% |
| Oct 31, 2025 | 17.96% |
| Jul 31, 2025 | 2.16% |
| Apr 30, 2025 | -27.95% |
| Jan 31, 2025 | -27.17% |
| Oct 31, 2024 | 7.47% |
| Jul 31, 2024 | 16.45% |
| Apr 30, 2024 | 18.41% |
| Jan 31, 2024 | 13.34% |
| Oct 31, 2023 | 15.42% |
| Jul 31, 2023 | 16.81% |
| Apr 30, 2023 | -28.35% |
| Jan 31, 2023 | 14.34% |
| Oct 31, 2022 | 13.31% |
| Jul 31, 2022 | 9.59% |
| Apr 30, 2022 | 14.85% |
| Jan 31, 2022 | 7.32% |
| Oct 31, 2021 | 15.21% |
| Jul 31, 2021 | 13.96% |