What is Scotts Miracle-Gro's net debt?

Scotts Miracle-Gro (SMG) reported net debt of $2.67B in Q1 2026.

How has Scotts Miracle-Gro's net debt changed year-over-year?

Scotts Miracle-Gro's net debt decreased by 5.5% year-over-year, from $2.83B to $2.67B.

What is the long-term trend for Scotts Miracle-Gro's net debt?

Over 5 years (2020 to 2025), Scotts Miracle-Gro's net debt has grown at a 6.7% compound annual growth rate (CAGR), from $1.7B to $2.35B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Scotts Miracle-Gro SMG Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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1.1×-0.3×

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-0.2×-0.1×

HES

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3.1×-0.1×

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4×+2.1×

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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

Calculated from Scotts Miracle-Gro’s reported figures.

$2.7Btotal debt−$6.2Mcash and equivalents=$2.67B

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 net debt?: Scotts Miracle-Gro (SMG) reported net debt of $2.67B in Q1 2026.
How has Scotts Miracle-Gro's net debt changed year-over-year?: Scotts Miracle-Gro's net debt decreased by 5.5% year-over-year, from $2.83B to $2.67B.
What is the long-term trend for Scotts Miracle-Gro's net debt?: Over 5 years (2020 to 2025), Scotts Miracle-Gro's net debt has grown at a 6.7% compound annual growth rate (CAGR), from $1.7B to $2.35B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.