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Scotts Miracle-Gro SMG Operating Income

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Other financials

Income statement

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Revenue$1.2B+1.1%
Gross profit$367.1M-2.0%
Net income$112.2M-24.7%
EPS (diluted)$1.90-25.2%

Balance sheet

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Cash & equivalents$27.7M-30.1%
Total debt$2.5B+1.3%
Total equity-$208.7M-22.1%
Total assets$3.2B+2.5%

Cash flow

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Operating cash flow$345.6M-23.9%
CapEx$24.5M+45.0%
Free cash flow$321.1M-26.6%

Valuation

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Market cap$3.61B+3.5%
Enterprise value$6.09B+2.8%
P/E9.6×
P/S0.0×

Profitability

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Gross margin32.2%+1.8pp
Operating margin0.3%-0.2pp
Net margin1.6%+0.9pp
FCF margin10.5%-3.4pp

Returns & leverage

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Return on equity-47.6%+65.7pp
Debt / equity25.2×+16.1×
Current ratio1.2×-0.4×

Where this comes from

Reported directly by Scotts Miracle-Gro in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Scotts Miracle-Gro’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000825542-26-000041
Line itemThree Months Ended / June 27,2026Three Months Ended / June 28,2025Nine Months Ended / June 27,2026Nine Months Ended / June 28,2025
Selling, general and administrative145.6144.8450.7436.2
Impairment, restructuring and other47.0(1.0)51.025.9
Other expense, net3.77.113.715.5
Income from operations169.6221.8549.7525.7
Equity in income of unconsolidated affiliates(29.2)(25.3)(11.6)(9.5)
Interest expense28.031.886.5102.2
Other non-operating expense, net15.61.317.93.9
Income from continuing operations before income taxes155.2214.0456.9429.1

Item 1. Financial Statements (Unaudited)

FAQ

What is Scotts Miracle-Gro's operating income?
Scotts Miracle-Gro (SMG) reported operating income of $169.6M in Q2 2026.
How has Scotts Miracle-Gro's operating income changed year-over-year?
Scotts Miracle-Gro's operating income decreased by 23.5% year-over-year, from $221.8M to $169.6M.
What is the long-term trend for Scotts Miracle-Gro's operating income?
Over 2 years (2021 to 2023), Scotts Miracle-Gro's operating income has grown at a -52.1% compound annual growth rate (CAGR), from $760.2M to -$174.4M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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