JM Smucker Company (SJM)
Net profit margin
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,230,800 | 744,000 | -91,300 | 631,700 | 876,300 |
| Revenue | US$ in thousands | 8,726,100 | 8,178,700 | 8,529,200 | 7,998,900 | 8,002,700 |
| Net profit margin | -14.10% | 9.10% | -1.07% | 7.90% | 10.95% |
April 30, 2025 calculation
Net profit margin = Net income ÷ Revenue
= $-1,230,800K ÷ $8,726,100K
= -14.10%
The net profit margin of JM Smucker Company has exhibited notable fluctuations over the examined period from April 30, 2021, to April 30, 2025. In fiscal year 2021, the company reported a net profit margin of 10.95%, indicating a healthy profitability relative to its net sales. This margin decreased significantly in 2022, falling to 7.90%, reflecting a reduction in profitability, possibly due to increased costs, lower sales, or other operational challenges.
By the fiscal year 2023, the company experienced a substantial decline, reporting a negative net profit margin of -1.07%, which signifies that the company incurred net losses during that period. Such a downturn could result from extraordinary expenses, impairments, restructuring costs, or other adverse factors impacting the bottom line.
In the subsequent fiscal year 2024, JM Smucker demonstrated a notable recovery, with the net profit margin rising to 9.10%. This positive shift suggests an improvement in profitability, potentially attributable to operational efficiencies, cost management, or revenue growth strategies. However, the company reverted to an unfavorable position in fiscal year 2025, with a significant negative net profit margin of -14.10%, indicating a material loss relative to net sales.
Overall, the financial performance as reflected by the net profit margin displays considerable volatility, transitioning from healthy profitability to losses and then partial recovery, before once again experiencing substantial losses. This pattern indicates that the company's profitability is subject to fluctuations that may stem from internal operational factors or external market conditions impacting its financial stability.