Scotts Miracle-Gro (SMG) Operating Margin (2009 - 2026)
Scotts Miracle-Gro's Operating Margin was 14.47% in fiscal Q3 2026 (quarter ended Jun 27, 2026), down 4.66 percentage points from 19.13% a year earlier and down 13.06 percentage points from the prior quarter.
Scotts Miracle-Gro (SMG) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Scotts Miracle-Gro's Operating Margin was 10.98% through Jun 27, 2026, up 1.68 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 10.51%, up 4.63 percentage points from FY2024.
- Operating Margin has now increased for three consecutive fiscal years, though with a five-year change of -3.66 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Operating Margin was 5.88% in FY2024 (+10.79 pp), -4.91% in FY2023 (+6.15 pp), -11.06% in FY2022 (-25.74 pp) and 14.68% in FY2021 (+0.52 pp).
- Quarterly Operating Margin has moved between -111.11% (fiscal Q4 2023) and 27.53% (fiscal Q2 2026) over five years.
- Compared with a year earlier, Operating Margin was higher in six of the last eight quarters, with an average year-over-year change of +11.30 percentage points.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q4 2024 (a gain of 59.00 percentage points); the worst was fiscal Q3 2022 (a drop of 66.19 percentage points).
- Per Business Quant data, SMG's Operating Margin in the three fiscal quarters before Q3 2026 was 27.53% (Q2 2026), -6.15% (Q1 2026) and -33.59% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 38.74 Bn | 35.03 Bn | 1.94 Bn | 3.95% |
| 2 | Bunge Global | 20.95 Bn | 18.46 Bn | 1.68 Bn | 4.47% |
| 3 | Tyson Foods | 17.92 Bn | 14.28 Bn | 921.00 Mn | 2.61% |
| 4 | Jbs | 12.87 Bn | -20.24 Bn | 2.59 Bn | 2.50% |
| 5 | Darling Ingredients | 9.56 Bn | 9.16 Bn | 503.37 Mn | 32.20% |
| 6 | Smithfield Foods | 7.54 Bn | 2.49 Bn | 478.00 Mn | 7.84% |
| 7 | Pilgrims Pride | 6.69 Bn | 4.52 Bn | 339.75 Mn | 1.43% |
| 8 | Ingredion | 6.08 Bn | 2.26 Bn | 426.00 Mn | 10.16% |
| 9 | Seaboard | 3.94 Bn | -881.67 Mn | 221.00 Mn | 3.42% |
| 10 | Scotts Miracle-Gro | 2.82 Bn | 2.74 Bn | 365.90 Mn | 14.47% |
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 14.47% |
| Mar 28, 2026 | 27.53% |
| Dec 27, 2025 | -6.15% |
| Sep 30, 2025 | -33.59% |
| Jun 28, 2025 | 19.13% |
| Mar 29, 2025 | 25.16% |
| Dec 28, 2024 | -12.49% |
| Sep 30, 2024 | -52.11% |
| Jun 29, 2024 | 16.64% |
| Mar 30, 2024 | 17.84% |
| Dec 30, 2023 | -11.53% |
| Sep 30, 2023 | -111.11% |
| Jul 1, 2023 | 6.91% |
| Apr 1, 2023 | 13.46% |
| Dec 31, 2022 | -7.94% |
| Sep 30, 2022 | -45.35% |
| Jul 2, 2022 | -47.42% |
| Apr 2, 2022 | 23.11% |
| Jan 1, 2022 | -6.25% |
| Sep 30, 2021 | -5.04% |
Scotts Miracle-Gro Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();