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Makes lawn care, gardening and pest control products (Scotts, Miracle-Gro, Ortho) plus hydroponics and cannabis cultivation supplies.
Makes lawn care, gardening and pest control products (Scotts, Miracle-Gro, Ortho) plus hydroponics and cannabis cultivation supplies.
Makes most of its money in a spring and early-summer season, selling lawn and garden products to a handful of large retailers, notably Home Depot and Lowe's, which account for a big part of sales. The Hawthorne hydroponics unit, built up during the cannabis growing boom, has since shrunk with that market.
Moat: narrow (brand, distribution, scale). Dominant lawn-and-garden brand portfolio with deep big-box retail relationships.
Headquarters: Marysville, Ohio, US · Founded: 1868
Size Scotts Miracle-Gro (SMG) is a United States Materials company (Chemicals: Agricultural) with a market value of $3.77B, the 1383rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $64.71 on 6 Nov 2026.
Performance Over six months the shares gained 5.9%, against -25.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +5.9%); the operating margin is 14.3% (peer median 9.2%).
Valuation It trades at 13.6× forward earnings against a peer median of 18.6× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 11.5 points above its cost of capital (11.1% WACC).
Credit Scotts Miracle-Gro has 3 bonds outstanding ($1.29B), rated B+ by the agencies and trading like BBB- at a weighted spread of 115 bp.
Short interest Short interest is 9.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $3.29B | $3.29B | $3.41B | $3.55B | $3.55B |
| Revenue growth | — | -4% | -4% | 0% | — |
| Gross profit | $1.06B | $1.07B | $1.05B | $926M | $813M |
| EBITDA | $589M | $536M | $604M | $532M | $458M |
| Net income | $104M | $104M | $145M | -$34.9M | -$380M |
| Free cash flow | $278M | $278M | $274M | $584M | $438M |
| Capital expenditure | $94.6M | $94.6M | $97.4M | $84.0M | $92.8M |
| Total debt | $2.03B | $2.03B | $2.38B | $2.52B | $2.91B |
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 |
|---|---|---|---|---|---|---|
| Scotts Miracle-Gro SMG | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% |
| Central Garden & Pet CENT | $2.64B | +25% | -1% | 9% | 16.0× | -4.0% |
| Spectrum Brands SPB | $1.99B | +6% | +1% | 9% | 17.1× | -2.5% |
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 | SMG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +28.3% | -5.7% | highest of 21 |
| 6-month return | +5.9% | -25.1% | 3rd highest of 21 |
| Distance from 52-week high | -14.1% | -33.7% | 2nd highest of 21 |
| Revenue growth (TTM) | -3.6% | +5.9% | 4th lowest of 21 |
| Operating margin | 14.3% | 9.2% | 5th highest of 21 |
| Forward P/E | 13.6× | 18.6× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | 10.9% | 4th least demanding of 10 |
| Growth delivered (Del g) | -7.8% | +6.0% | lowest of 10 |
| Hurdle (Req g minus delivered) | +15.3 pp | +5.0 pp | 2nd most demanding of 10 |
| ROIC minus cost of capital | +11.5 pp | -1.4 pp | highest of 21 |
| EV / EBITDA | 9.8× | 9.7× | 5th most expensive of 10 |
| Net debt / EBITDA | 3.4× | 2.3× | 4th most indebted of 11 |
| Bond spread | 115 bp | 160 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Scotts Miracle-Gro SMG | United States | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% | -7.8% |
| Jiangsu Yangnong Chemical 600486.SS | China | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% | +3.8% |
| Dyno Nobel DNL.AX | Australia | $4.64B | +6% | -17% | 15% | 21.1× | n/a | n/a |
| UPL UPL.NS | India | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% | +6.0% |
| Fertilizers & Chemicals Travancore FACT.NS | India | $5.14B | -18% | +32% | 0% | n/a | n/a | n/a |
| YONFER Agricultural Technology 000902.SZ | China | $2.69B | -2% | +15% | 11% | 11.4× | n/a | n/a |
| Sichuan Hebang Biotechnology 603077.SS | China | $2.59B | -30% | -24% | -1% | n/a | n/a | n/a |
| Sichuan New Energy Power 000155.SZ | China | $2.54B | -47% | +98% | 32% | 12.9× | n/a | n/a |
| Shandong Weifang Rainbow Chemical 301035.SZ | China | $2.42B | -32% | +6% | 12% | 14.9× | -0.1% | +15.0% |
| ICL ICL | United States | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% | +7.2% |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| Mosaic Company (The) MOS | United States | $7.11B | +2% | 0% | 3% | 26.2× | n/a | n/a |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |
| Atul ATUL.NS | India | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% | +11.0% |
| Hubei Yihua Chemical Industry 000422.SZ | China | $1.60B | -42% | +15% | 5% | 15.2× | n/a | n/a |
| Bayer Cropscience India BAYERCROP.NS | India | $1.58B | -28% | -5% | 15% | 19.5× | 16.1% | +5.9% |
| Paradeep Phosphates PARADEEP.NS | India | $1.57B | +12% | +31% | 7% | 17.6× | n/a | n/a |
Scotts Miracle-Gro has 3 bonds outstanding with $1.29B face value. The agencies rate it B+; its bonds trade like BBB-. Weighted yield 5.76%, a spread of 115 bp over government bonds.