JM Smucker Company (SJM)
Net profit margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,230,800 | -256,700 | 526,000 | 745,400 | 744,000 | -101,800 | -13,700 | -17,500 | -91,300 | 711,500 | 572,700 | 587,600 | 631,700 | 576,600 | 768,400 | 793,200 | 876,300 | 955,600 | 881,500 | 861,900 |
| Revenue (ttm) | US$ in thousands | 8,726,100 | 8,788,000 | 8,831,200 | 8,498,600 | 8,178,700 | 8,207,800 | 8,194,900 | 8,461,400 | 8,529,200 | 8,328,200 | 8,169,000 | 8,013,900 | 7,998,900 | 7,885,300 | 7,904,900 | 7,888,900 | 8,002,700 | 8,174,500 | 8,070,100 | 7,993,900 |
| Net profit margin | -14.10% | -2.92% | 5.96% | 8.77% | 9.10% | -1.24% | -0.17% | -0.21% | -1.07% | 8.54% | 7.01% | 7.33% | 7.90% | 7.31% | 9.72% | 10.05% | 10.95% | 11.69% | 10.92% | 10.78% |
April 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-1,230,800K ÷ $8,726,100K
= -14.10%
The net profit margin of JM Smucker Company has exhibited considerable fluctuations over the analyzed period. At the start, in July 2020, the margin was 10.78%, with a marginal increase to 10.92% by October 2020, indicating a relatively stable profit environment during that time. The margin rose further to 11.69% in January 2021, reaching its peak within this period, before gradually declining to 10.95% in April 2021, and subsequently decreasing to 10.05% in July 2021.
Throughout late 2021 and into 2022, the downward trend continued, with the margin decreasing to 9.72% in October 2021, then dropping more sharply to 7.31% by January 2022 and slightly improving to 7.90% in April 2022. The margin remained relatively steady around 7.33% in July 2022 and 7.01% in October 2022.
In early 2023, the net profit margin exhibited some recovery, reaching 8.54% in January 2023, but then turned negative in April 2023 at -1.07%. It persisted in negative territory through July and October 2023 at approximately -0.21% and -0.17% respectively. The trend continued downward to -1.24% in January 2024.
A notable reversal occurred in April 2024, when the margin surged back to 9.10%, followed by sustained positive margins of 8.77% in July 2024 and 5.96% in October 2024. However, the margins again deteriorated markedly in early 2025, with values at -2.92% in January 2025 and an even deeper decline to -14.10% in April 2025.
This pattern indicates periods of profitability interspersed with significant declines, including multiple instances of negative net profit margins. The data suggests a company facing cyclical or operational challenges, with periods of recovery possibly linked to strategic adjustments or market conditions, but also episodes of pronounced losses that heavily impact overall profitability metrics.