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Scotts Miracle-Gro SMG Operating Lease Liabilities

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Other financials

Income statement

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Revenue$1.2B+1.1%
Gross profit$367.1M-2.0%
Operating income$169.6M-23.5%
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:OperatingLeaseLiabilityNoncurrent.

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 itemBalance Sheet LocationJune 27,2026June 28,2025September 30,2025
Operating leases:
Right-of-use assetsOther assets$342.5$249.3$243.9
Current lease liabilitiesOther current liabilities59.669.267.5
Non-current lease liabilitiesOther liabilities317.2198.1192.6
Total operating lease liabilities$376.8$267.3$260.1
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$10.2$12.3$11.7
Current lease liabilitiesCurrent portion of debt2.02.12.0

Item 1. Financial Statements (Unaudited)

FAQ

What is Scotts Miracle-Gro's operating lease liabilities?
Scotts Miracle-Gro (SMG) reported operating lease liabilities of $317.2M in Q2 2026.
How has Scotts Miracle-Gro's operating lease liabilities changed year-over-year?
Scotts Miracle-Gro's operating lease liabilities increased by 60.1% year-over-year, from $198.1M to $317.2M.
What is the long-term trend for Scotts Miracle-Gro's operating lease liabilities?
Over 4 years (2021 to 2025), Scotts Miracle-Gro's operating lease liabilities has grown at a -4.8% compound annual growth rate (CAGR), from $234.4M to $192.6M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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