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Packaged-food company behind Jif peanut butter, Folgers coffee, Smucker's jams and Hostess snack cakes.
Packaged-food company behind Jif peanut butter, Folgers coffee, Smucker's jams and Hostess snack cakes.
Sells branded foods to grocery chains and big-box retailers, so shelf space and pricing negotiations matter, and it changes list prices to follow coffee and other commodity costs. The 2023 Hostess purchase moved it toward sweet baked snacks.
Moat: narrow (brand, distribution). Long-standing category-leading brands in coffee and peanut butter with strong shelf presence.
Headquarters: Orrville, Ohio, US · Founded: 1897 · Employees: 8,000
Size J.M. Smucker Company (The) (SJM) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $13.9B, the 633rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $130.55 on 6 Nov 2026.
Performance Over six months the shares gained 33.0%, against -1.7% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +6.7%); the operating margin is 18.7% (peer median 11.4%).
Valuation It trades at 12.9× forward earnings against a peer median of 18.0× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points above its cost of capital (6.0% WACC).
Credit J.M. Smucker Company (The) has 10 bonds outstanding ($6.29B), rated BBB by the agencies and trading like A- at a weighted spread of 83 bp.
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.16B | $9.05B | $8.73B | $8.18B | $8.53B |
| Revenue growth | — | +4% | +7% | -4% | — |
| Gross profit | $3.23B | $3.00B | $3.07B | $2.90B | $2.60B |
| EBITDA | $2.26B | $2.15B | $2.05B | $1.88B | $1.58B |
| Net income | $230M | -$139M | -$1.23B | $744M | -$91.2M |
| Free cash flow | $1.59B | $1.16B | $817M | $643M | $717M |
| Capital expenditure | $322M | $317M | $394M | $586M | $477M |
| Total debt | $6.94B | $7.13B | $7.81B | $8.56B | $4.43B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| J.M. Smucker Company (The) SJM | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% |
| Kraft Heinz KHC | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% |
| General Mills GIS | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% |
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SJM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.3% | +5.4% | 9th highest of 21 |
| 6-month return | +33.0% | -1.7% | highest of 21 |
| Distance from 52-week high | -4.2% | -20.6% | highest of 21 |
| Revenue growth (TTM) | +5.1% | +6.7% | 9th lowest of 21 |
| Operating margin | 18.7% | 11.4% | 4th highest of 21 |
| Forward P/E | 12.9× | 18.0× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.1% | 3.2% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +2.5% | +8.1% | lowest of 18 |
| Hurdle (Req g minus delivered) | -9.6 pp | -6.4 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | +4.6 pp | +3.2 pp | 7th highest of 21 |
| EV / EBITDA | 9.2× | 11.7× | 5th cheapest of 20 |
| Net debt / EBITDA | 3.0× | 1.1× | 4th most indebted of 20 |
| Bond spread | 83 bp | 107 bp | 4th tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| J.M. Smucker Company (The) SJM | United States | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% | +2.5% |
| McCormick & MKC | United States | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% | +4.1% |
| Britannia Industries BRITANNIA.NS | India | $12.1B | -18% | +7% | 17% | 41.7× | 28.9% | +7.8% |
| Tata Consumer Products TATACONSUM.NS | India | $11.4B | -6% | +15% | 11% | 55.5× | 42.8% | +11.8% |
| Kikkoman 2801.T | Japan | $10.9B | +24% | +9% | 11% | 24.8× | 8.8% | +11.2% |
| Orkla ORK.OL | Norway | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% | +8.7% |
| Barry Callebaut BARN.SW | Switzerland | $8.33B | +5% | +9% | 5% | 23.7× | -8.4% | +16.5% |
| Darling Ingredients DAR | United States | $7.92B | -20% | +16% | 9% | 7.3× | 9.0% | +11.4% |
| Chocoladefabriken Lindt & Spruengli LISN.SW | Switzerland | $24.6B | -8% | +4% | 16% | 28.2× | 3.4% | +8.1% |
| Ajinomoto 2802.T | Japan | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% | +8.1% |
| Lamb Weston LW | United States | $7.61B | +31% | +3% | 10% | 16.6× | 4.0% | +12.5% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Campbell's CPB | United States | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% | +2.8% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Foshan Haitian Flavouring and Food 3288.HK | Hong Kong | $29.4B | -24% | +11% | 27% | 18.0× | -4.6% | +4.2% |
| Ingredion INGR | United States | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% | +3.8% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| Hershey Company (The) HSY | United States | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% | +7.5% |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
J.M. Smucker Company (The) has 10 bonds outstanding with $6.29B face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 5.67%, a spread of 83 bp over government bonds.