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Scotts Miracle-Gro SMG Hawthorne — Adjusted selling, general and administrative

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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 smg:SellingGeneralAndAdministrativeExpenseAdjusted.

The source filing: Scotts Miracle-Gro’s 10-K, filed November 25, 2025.

Filed
Nov 25, 2025
Fiscal year
FY2025
Accession
0000825542-25-000022
Line itemU.S. ConsumerHawthorneTotal
Net sales$2,993.7$165.8
Adjusted cost of sales (a)2,008.4129.6
Adjusted selling, general and administrative (b)392.134.0
Other segment items (c)20.6(0.6)
Segment Profit$572.6$2.8$575.4
Other non-reportable operating segment profit12.7
Corporate(133.4)
Intangible asset amortization(12.3)

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Scotts Miracle-Gro's hawthorne — adjusted selling, general and administrative?
Scotts Miracle-Gro (SMG) reported hawthorne — adjusted selling, general and administrative of $8.5M in Q3 2025.
How has Scotts Miracle-Gro's hawthorne — adjusted selling, general and administrative changed year-over-year?
Scotts Miracle-Gro's hawthorne — adjusted selling, general and administrative decreased by 34.4% year-over-year, from $12.95M to $8.5M.
What is the long-term trend for Scotts Miracle-Gro's hawthorne — adjusted selling, general and administrative?
Over 2 years (2023 to 2025), Scotts Miracle-Gro's hawthorne — adjusted selling, general and administrative has grown at a -28.9% compound annual growth rate (CAGR), from $67.3M to $34M.
What does hawthorne — adjusted selling, general and administrative mean?
Captures the operating expenses incurred by a segment for administrative, marketing, and general support functions, adjusted for non-recurring items. It provides insight into the segment's overhead structure and operational scalability.

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