JM Smucker Company (SJM)
Operating profit margin
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -673,900 | 1,305,800 | 157,500 | 1,023,800 | 1,386,800 |
| Revenue | US$ in thousands | 8,726,100 | 8,178,700 | 8,529,200 | 7,998,900 | 8,002,700 |
| Operating profit margin | -7.72% | 15.97% | 1.85% | 12.80% | 17.33% |
April 30, 2025 calculation
Operating profit margin = Operating income ÷ Revenue
= $-673,900K ÷ $8,726,100K
= -7.72%
The operating profit margin of JM Smucker Company has exhibited significant fluctuations over the analyzed period from April 2021 to April 2025. On April 30, 2021, the company reported an operating profit margin of 17.33%, indicating a relatively healthy profitability level in relation to its sales. By April 30, 2022, this margin declined substantially to 12.80%, suggesting a reduction in operational efficiency or increased operating costs during that period. The decline became more pronounced by April 30, 2023, with the margin dropping sharply to 1.85%, reflecting either heightened expenses, competitive pressures, or other operational challenges impacting profitability.
Subsequently, the margin recovered sharply to 15.97% as of April 30, 2024, signaling a possible improvement in operational management or cost control measures. However, by April 30, 2025, the operating profit margin experienced a significant negative shift to -7.72%, indicating that the company was operating at a loss relative to sales during that fiscal year. This negative margin suggests substantial operational difficulties, such as increased expenses, restructuring costs, or reductions in revenue that adversely affected overall profitability.
Overall, the trend illustrates a period of volatility in JM Smucker's operational profitability, with periods of recovery following sharp declines, culminating in a loss in 2025. The data underscores the importance of operational efficiency and cost management, as fluctuations have had notable impacts on the company's profitability over the given timeframe.