The J. M. Smucker Company

SJM

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

4/30/2025

Revenue

8,726

Cost of Revenue

5,341

Gross Profit

3,385

Gross Margin

38.8%

Operating Income

-674

Operating Margin

-7.7%

Net Income

-1,231

Net Margin

-14.1%

EPS (Basic)

$-11.57

EPS (Diluted)

$-11.57

EBITDA

-156

EBITDA Margin

-1.8%

2024

4/30/2024

Revenue

8,179

Cost of Revenue

5,063

Gross Profit

3,115

Gross Margin

38.1%

Operating Income

1,306

Operating Margin

16.0%

Net Income

744

Net Margin

9.1%

EPS (Basic)

$7.14

EPS (Diluted)

$7.13

EBITDA

1,692

EBITDA Margin

20.7%

2023

4/30/2023

Revenue

8,529

Cost of Revenue

5,727

Gross Profit

2,802

Gross Margin

32.8%

Operating Income

158

Operating Margin

1.8%

Net Income

-91

Net Margin

-1.1%

EPS (Basic)

$-0.86

EPS (Diluted)

$-0.86

EBITDA

574

EBITDA Margin

6.7%

2022

4/30/2022

Revenue

7,999

Cost of Revenue

5,298

Gross Profit

2,701

Gross Margin

33.8%

Operating Income

1,024

Operating Margin

12.8%

Net Income

632

Net Margin

7.9%

EPS (Basic)

$5.84

EPS (Diluted)

$5.83

EBITDA

1,464

EBITDA Margin

18.3%

2021

4/30/2021

Revenue

8,003

Cost of Revenue

4,864

Gross Profit

3,139

Gross Margin

39.2%

Operating Income

1,387

Operating Margin

17.3%

Net Income

876

Net Margin

11.0%

EPS (Basic)

$7.79

EPS (Diluted)

$7.79

EBITDA

1,802

EBITDA Margin

22.5%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	8,726	8,179	8,529	7,999	8,003
Cost of Revenue	5,341	5,063	5,727	5,298	4,864
Gross Profit	3,385	3,115	2,802	2,701	3,139
Gross Margin	38.8%	38.1%	32.8%	33.8%	39.2%
Operating Income	-674	1,306	158	1,024	1,387
Operating Margin	-7.7%	16.0%	1.8%	12.8%	17.3%
Net Income	-1,231	744	-91	632	876
Net Margin	-14.1%	9.1%	-1.1%	7.9%	11.0%
EPS (Basic)	$-11.57	$7.14	$-0.86	$5.84	$7.79
EPS (Diluted)	$-11.57	$7.13	$-0.86	$5.83	$7.79
EBITDA	-156	1,692	574	1,464	1,802
EBITDA Margin	-1.8%	20.7%	6.7%	18.3%	22.5%