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Operating Margin for J. M. Smucker (SJM)

As of · Reported

Metric

TTM

3.4%

YoY change

−23.69pp

Trough year (2025)

-7.7%

Peak year (2021)

17.3%

Operating Margin history chart for J. M. Smucker (SJM) from 1986 to 2025

Latest: -7.7%

Operating Margin change chart for J. M. Smucker (SJM) from 1986 to 2025

Latest: −23.69pp

Operating Margin history table for J. M. Smucker (SJM) from 1986 to 2025

  • 2025-7.7%-23.69pp
  • 202416.0%+14.12pp
  • 20231.8%-10.95pp
  • 202212.8%-4.53pp
  • 202117.3%+1.65pp
  • 202015.7%+3.83pp
  • 201911.8%-2.34pp
  • 201814.2%+0.09pp
  • 201714.1%-0.56pp
  • 201614.7%+1.10pp
  • 201513.6%-2.82pp
  • 201416.4%+0.94pp
  • 201315.4%+1.35pp
  • 201214.1%-2.17pp
  • 201116.3%-0.92pp
  • 201017.2%+5.14pp
  • 200912.0%+0.78pp
  • 200811.3%-0.71pp
  • 200712.0%+1.35pp
  • 200610.6%-0.19pp
  • 200510.8%-2.12pp
  • 200412.9%+0.38pp
  • 200312.5%+4.57pp
  • 20028.0%-0.42pp
  • 20018.4%+1.97pp
  • 20006.4%-3.37pp
  • 19999.8%-0.30pp
  • 199810.1%+0.29pp
  • 19979.8%-0.41pp
  • 199610.2%+0.27pp
  • 19959.9%+0.02pp
  • 19949.9%-2.22pp
  • 199312.2%+0.88pp
  • 199211.3%-0.05pp
  • 199111.3%-0.28pp
  • 199011.6%-0.06pp
  • 198911.7%-0.30pp
  • 198812.0%+0.14pp
  • 198711.8%+0.79pp
  • 198611.0%—

Operating Margin values are taken from J. M. Smucker's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at J. M. Smucker (SJM)

According to J. M. Smucker's latest reported financial statements, the company's latest reported operating margin is 3.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, J. M. Smucker (SJM) reported operating margin of -7.72% – contracted 23.7 percentage points year-over-year.

17.33% stands as the all-time-high annual operating margin, posted in 2021, against a low of -7.72% during 2025.

J. M. Smucker Operating Margin by Year

J. M. Smucker Operating Margin 2025: -7.7%

J. M. Smucker operating margin in 2025 was -7.72%, contracted 23.7 percentage points from 2024. This figure represents the lowest annual value in the available history.

J. M. Smucker Operating Margin 2024: 16.0%

2024's operating margin for J. M. Smucker came in at 15.97%, expanded 14.1 percentage points from 2023.

J. M. Smucker Operating Margin 2023: 1.8%

J. M. Smucker posted operating margin of 1.85% in 2023, contracted 11.0 percentage points from 2022.

J. M. Smucker Operating Margin 2022: 12.8%

In 2022, J. M. Smucker reported operating margin of 12.80%, contracted 4.5 percentage points from 2021.

J. M. Smucker Operating Margin 2021: 17.3%

J. M. Smucker operating margin in 2021 was 17.33%.

See more financial history for J. M. Smucker (SJM).

Sector peers by Operating Margin

Consumer Defensive peers of J. M. Smucker (SJM), ranked by their latest operating margin

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