SMG Financials Scotts Miracle-Gro Co

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has declined 3.7% per year over the past 5 years.
Net income has grown slower than revenue (-17.8% vs -3.7% per year).
Operating margin has contracted, at 10.5% in the latest year.
Free cash flow has declined 11.2% per year over the past 5 years.

Financial health

Total debt ($2.1B) exceeds cash ($33M); net debt is $2.1B.
Total debt has grown faster than revenue (7.1% vs -3.7% per year).
Operating income covered interest expense 2.8× in the latest year, down from 7.4× 5 years ago.
Total debt is 5.9× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 106.3% of earnings and 56.3% of free cash flow.
The dividend has declined 17.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$3.4B	$145M	30.6%	10.5%	$274M	$2.1B	$33M
2024	$3.6B	-$35M	23.9%	5.9%	$584M	$2.2B	$72M
2023	$3.6B	-$380M	18.5%	-4.9%	$438M	$2.6B	$32M
2022	$3.9B	-$438M	22.2%	-11.1%	-$243M	$3.0B	$87M
2021	$4.9B	$513M	29.8%	14.7%	$165M	$2.3B	$244M
2020	$4.1B	$387M	32.6%	14.2%	$495M	$1.5B	$17M
2019	$3.2B	$461M	32.3%	13.0%	$184M	$1.6B	$19M
2018	$2.7B	$64M	32.5%	7.5%	$274M	$2.0B	$34M
2017	$2.6B	$218M	36.8%	16.4%	$294M	$1.4B	$121M
2016	$2.5B	$315M	35.9%	17.9%	$186M	$1.2B	$29M
2015	—	$160M	—	—	$185M	$1.2B	$51M
2014	—	$167M	—	—	$153M	$784M	$65M
2013	—	$161M	—	—	$282M	$571M	$130M
2012	—	$107M	—	—	$84M	$783M	$132M
2011	—	$168M	—	—	$49M	$795M	$131M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$1.5B	$239M	41.8%	27.5%	$201M	$2.3B	$6M
Dec '25	$354M	-$125M	25.0%	-6.2%	-$390M	$2.5B	$8M
Sep '25	$387M	—	6.1%	-38.8%	$131M	$2.1B	$33M
Jun '25	$1.2B	—	31.8%	18.1%	$438M	$2.2B	$51M
Mar '25	$1.4B	$218M	39.0%	25.2%	$180M	$2.5B	$9M
Dec '24	$367M	-$70M	24.1%	-12.5%	-$475M	$2.7B	$6M
Sep '24	$415M	—	-7.1%	-52.1%	$102M	$2.2B	$72M
Jun '24	$1.2B	—	29.5%	16.6%	$575M	$2.5B	$280M
Mar '24	$1.5B	—	30.4%	17.8%	$288M	$2.8B	$65M
Dec '23	$410M	—	15.2%	-11.5%	-$381M	$3.0B	$10M
Sep '23	$375M	—	-15.2%	-111.1%	$516M	$2.6B	$32M
Jul '23	$1.1B	—	18.4%	6.9%	$541M	$3.1B	$27M
Apr '23	$1.5B	—	26.9%	13.5%	-$158M	$3.6B	$25M
Dec '22	$527M	—	18.2%	-7.9%	-$461M	$3.4B	$26M
Sep '22	$494M	-$220M	-14.3%	-45.4%	$536M	$3.0B	$87M
Jul '22	$1.2B	-$444M	19.9%	-47.4%	$430M	$3.5B	$28M
Apr '22	$1.7B	$277M	35.1%	23.1%	-$397M	$3.8B	$17M
Jan '22	$566M	-$50M	21.0%	-6.3%	-$811M	$3.2B	$16M
Sep '21	$738M	-$48M	17.1%	-5.0%	$450M	$2.3B	$244M
Jul '21	$1.6B	$226M	30.7%	18.8%	$469M	$2.2B	$58M

Valuation over time

How the market has priced SMG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 22.8× (Sep '25) to 27.8× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.2× (Jun '26).
The dividend yield has fallen from 4.1% (Mar '23) to 3.8% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is SMG growing its revenue and profit?

Over the past 5 years, Scotts Miracle-Gro Co's revenue has declined 3.7% per year, and net income declined 17.8% per year. These are computed facts, not advice.

How much debt does SMG have?

As of FY2025, Scotts Miracle-Gro Co reported $2.1B of total debt against $33M of cash; operating income covered interest expense 2.8×.

What is SMG's profit margin?

In FY2025, gross margin was 30.6%, operating margin 10.5%, and net margin 4.3%.

What is SMG's P/E ratio?

As of Jun '26, Scotts Miracle-Gro Co traded at a price-to-earnings ratio of about 27.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.