J.M. Smucker Company (SJM)

Consumer Staples · $14.2B market cap · SEC CIK 0000091419

Next reports on Nov 24, 2026, with analysts expecting $2.57 in earnings per share.

52-week range $88.25 to $136.22. 2% below its 52-week high and 51% above its low.

The case for SJM

• Free cash flow of 8.2% of its market value a year: a lot of cash for the price.
• Moves less than the market (beta 0.23).
• Within 2% of its 52-week high: the trend is up.

The case against

• Expensive for its growth: 61.8× earnings, where 3% a year of growth would justify about 13×.
• Operating profit covers its interest bill only 0.8 times.
• Return on equity of only 4%.
• Net margin of 2.5% leaves very little room for error.
• Current liabilities exceed current assets (ratio 0.87).
• Long-term debt of $6.4B against $58.6M of cash.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its dividend figures disagree with each other (a 3.7% yield against about 0.6% implied by its payout ratio and P/E), so the dividend is not counted.
• Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.

The financials

The financials, five years deep

Pulled from J.M. Smucker Company's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What J.M. Smucker Company says it does

The Company: The J. M. Smucker Company (“Company,” “registrant,” “we,” “us,” or “our”), often referred to as Smucker’s (a registered trademark), was established in 1897 and incorporated in Ohio in 1921. We operate principally in one industry, the manufacturing and marketing of branded food and beverage products on a worldwide basis, although the majority of our sales are in the United States (“U.S.”). Operations outside the U.S. are principally in Canada, although our products are exported to other countries as well. Net sales outside the U.S., subject to foreign currency translation, represented 4 percent of consolidated net sales for 2026. Our branded food and beverage products include a strong portfolio of trusted, iconic, market-leading brands that are sold to consumers primarily through retail outlets in North America. We have five reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail…

Risk factors SJM lists in its 10-K

• Deterioration of national and global macroeconomic conditions, an economic recession or slow growth, periods of inflation, or economic uncertainty in key markets may adversely affect consumer spending and demand for our products
• Loss or interruption of supply from primary or single-source suppliers of raw materials and finished goods could have a disruptive effect on our business and adversely affect our results of operations
• Certain of our products are produced at single manufacturing sites
• A significant interruption in the operation of any of our supply chain or distribution capabilities could have an adverse effect on our business, financial condition, and results of operations
• Our business could be harmed by strikes or work stoppages
• The success of our business depends substantially on consumer perceptions of our brands
• We may not be able to attract, develop, and retain the highly skilled people we need to support our business, and our results could be adversely impacted as a result of increased labor and employee-related expenses
• We may not realize the benefits we expect from our cost reduction and other cash management initiatives
• Our success will depend on our continued ability to produce and successfully market products with extended shelf life
• Our operations are subject to the general risks of the food industry
• Changes in our relationships with significant customers, including the loss of our largest customer, could adversely affect our results of operations
• We operate in the competitive food industry and continued demand for our products may be affected by our failure to effectively compete or by changes in consumer preferences
• We may be limited in our ability to pass cost increases onto our customers in the form of price increases or may realize a decrease in sales volume to the extent price increases are implemented
• We must leverage our brand value to comp
• ete against private label products and lower-priced alternative brands
• Our ability to competitively serve customers depends on the availability of reliable transportation. Increases in logistics and other transportation-related costs could adversely impact our results of operations
• Our results may be adversely impacted as a result of increased cost, limited availability, and/or insufficient quality of raw materials, including commodities and agricultural products
• Our efforts to manage commodity, foreign currency exchange, and other price volatility through derivative instruments could adversely affect our results of operations and financial condition
• Weak financial performance, downgrades in our credit ratings, or disruptions in the financial markets may adversely affect our ability to access capital in the future
• Our substantial debt obligations could restrict our operations and financial condition. Additionally, our ability to generate cash to make payments on our indebtedness depends on many factors beyond our control
• A material impairment in the carrying value of acquired goodwill or other intangible assets could negatively affect our consolidated operating results and net worth
• The declaration, payment, and amount of dividends is made at the discretion of our Board and depends on a number of factors
• We could be subject to adverse publicity or claims from consumers or other stakeholders
• Our international operations expose us to regulatory risks
• Risks associated with corporate responsibility matters may negatively affect our business and operations
• Risks associated with climate change and other environmental impacts or legal, regulatory, or market measures to address climate change may negatively affect our business and operations
• We may be unable to grow market share of our products
• Market perceptions and stakeholder engagement may impact our stock price and business
• We may face complications with the design or implementation of our new enterprise resource planning (
• ) system, which may negatively affect our business and operations
• Ongoing geopolitical conflicts and the related disruptions to the global economy could adversely affect our business, financial condition, or results of operations

Filings

Other Consumer Staples companies