Scotts Miracle-Gro Company (SMG)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 850,500 | 823,000 | 674,800 | 623,800 | 657,300 | 643,500 | 674,200 | 849,900 | 872,900 | 1,069,900 | 1,327,900 | 1,397,000 | 1,469,100 | 1,558,900 | 1,591,000 | 1,483,700 | 1,347,100 | 1,220,600 | 1,117,300 | 1,039,200 |
| Revenue (ttm) | US$ in thousands | 3,466,200 | 3,384,300 | 3,253,700 | 3,255,600 | 3,371,900 | 3,496,100 | 3,579,600 | 3,746,500 | 3,804,800 | 4,053,200 | 4,485,900 | 4,645,300 | 4,835,600 | 5,020,100 | 4,904,700 | 4,455,300 | 4,068,600 | 3,676,000 | 3,348,000 | 3,148,900 |
| Gross profit margin | 24.54% | 24.32% | 20.74% | 19.16% | 19.49% | 18.41% | 18.83% | 22.69% | 22.94% | 26.40% | 29.60% | 30.07% | 30.38% | 31.05% | 32.44% | 33.30% | 33.11% | 33.20% | 33.37% | 33.00% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $850,500K ÷ $3,466,200K
= 24.54%
The gross profit margin of Scotts Miracle-Gro Company has shown some fluctuations over the analyzed periods. The trend indicates a general decline from higher levels in the latter half of 2020 to lower levels by the end of 2024.
In more recent periods, the gross profit margin has been relatively stable around the low 20% range, showing a slight improvement in the latest period by reaching 24.54%. This improvement may indicate better cost management or pricing strategies employed by the company.
Overall, Scotts Miracle-Gro Company has demonstrated the ability to maintain its gross profit margin within a reasonable range, which is crucial for sustaining profitability in the long term. Further analysis would be beneficial to understand the specific factors driving the fluctuations in the gross profit margin and to assess the company's overall financial performance comprehensively.
Peer comparison
Sep 30, 2024