J.M. Smucker (SJM) FY2025 results: revenue $8.7 billion, up 6.7% on the year
J.M. Smucker Co. (SJM) reported revenue of $8.7 billion for fiscal 2025, the year ended 30 April 2025, up 6.7% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-11.57. The figures are the company's own, from the 10-K it filed with the SEC on 18 June 2025.
Revenue
$8.7 billion
+6.7% on the year
FY2018FY2025
Operating margin
-7.7%
16.0% a year earlier
FY2018FY2025
Net income
-$1.2 billion
FY2018FY2025
Diluted EPS
-$11.57
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,210
1,229
1,194
-1.5%
Capital expenditure
394
586
477
-32.9%
Free cash flow
817
643
717
+27.0%
Free cash flow margin
9.4%
7.9%
8.4%
Cash from investing
-100
-3,965
256
Cash from financing
-1,103
2,142
-965
Depreciation and amortisation
502
431
431
+16.6%
Share-based compensation
29.9
23.9
25.6
+25.1%
Buybacks
3.3
373
368
-99.1%
Dividends paid
455
438
430
+4.1%
Dividend per share
$4.32
$4.24
$4.08
+1.9%
Shares outstanding at period end
106m
106m
104m
+0.2%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
6,083
7,694
7,291
-20.9%
Short-term borrowings
n/a
n/a
0.0
Debt
7,678
8,364
4,314
-8.2%
Operating lease liabilities
84.1
144
77.2
-41.4%
Finance lease liabilities
9.2
8.3
2.2
+10.8%
Other liabilities
3,710
4,064
3,307
-8.7%
Total liabilities and equity
17,563
20,274
14,991
-13.4%
Fixed assets
3,080
3,073
2,240
+0.2%
Goodwill
5,710
7,650
5,217
-25.4%
Intangible assets
6,347
7,255
4,429
-12.5%
Cash and equivalents
69.9
62.0
656
+12.7%
Receivables
619
736
598
-16.0%
Inventory
1,209
1,039
1,010
+16.4%
Other assets
528
458
842
+15.3%
Total assets
17,563
20,274
14,991
-13.4%
10-K for the year ended 30 April 2025, filed 18 June 2025: the filing.