What is Scotts Miracle-Gro's deferred taxes?

Scotts Miracle-Gro (SMG) reported deferred taxes of -$6.9M in Q1 2026.

How has Scotts Miracle-Gro's deferred taxes changed year-over-year?

Scotts Miracle-Gro's deferred taxes decreased by 111.2% year-over-year, from $61.6M to -$6.9M.

What is the long-term trend for Scotts Miracle-Gro's deferred taxes?

Over 2 years (2022 to 2025), Scotts Miracle-Gro's deferred taxes has grown at a -35.3% compound annual growth rate (CAGR), from -$182.8M to $76.5M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Scotts Miracle-Gro SMG Deferred Taxes

Deferred Taxes at other companies

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$143M+286%

Central Garden & Pet CompanyCENT

$1.21M-3.5%

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-$3.49M-198%

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-$4.26M-8.2%

TTC

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-$4.5M+43.8%

McCormick & Company, IncorporatedMKC

-$7.5M+18.5%

Other financials

Income statement

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Revenue$1.5B+5.0%

Gross profit$610.5M+11.5%

Operating income$401.8M+14.9%

Net income$238.6M+9.7%

EPS (diluted)$4.04+8.6%

Balance sheet

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Cash & equivalents$6.2M-28.7%

Total debt$2.7B-5.5%

Total equity-$286.5M+1.2%

Total assets$3.4B-3.5%

Cash flow

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Operating cash flow-$370.4M+16.8%

CapEx$18.6M+124%

Free cash flow-$390.4M+17.7%

Valuation

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Market cap$3.69B+11.9%

Profitability

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Gross margin32.7%+3.4pp

Operating margin0.3%-0.2pp

Net margin1.6%+0.9pp

FCF margin10.8%-3.2pp

Returns & leverage

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Return on equity-47.6%+104pp

Debt / equity25.2×+16.1×

Current ratio1.3×-0.4×

Where this comes from

Reported directly by Scotts Miracle-Gro in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Scotts Miracle-Gro’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Scotts Miracle-Gro's deferred taxes?: Scotts Miracle-Gro (SMG) reported deferred taxes of -$6.9M in Q1 2026.
How has Scotts Miracle-Gro's deferred taxes changed year-over-year?: Scotts Miracle-Gro's deferred taxes decreased by 111.2% year-over-year, from $61.6M to -$6.9M.
What is the long-term trend for Scotts Miracle-Gro's deferred taxes?: Over 2 years (2022 to 2025), Scotts Miracle-Gro's deferred taxes has grown at a -35.3% compound annual growth rate (CAGR), from -$182.8M to $76.5M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.