Scotts Miracle-Gro Company (SMG)
Net profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -395,800 | -380,000 | -131,600 | -619,200 | -452,100 | -437,400 | -265,300 | 404,500 | 438,000 | 512,400 | 564,200 | 541,100 | 483,300 | 387,500 | 325,700 | 324,600 | 468,900 | 460,700 | 371,600 | 252,800 |
| Revenue (ttm) | US$ in thousands | 3,303,900 | 3,420,200 | 3,544,400 | 3,627,900 | 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 | 3,076,000 | 3,012,200 | 2,839,200 |
| Net profit margin | -11.98% | -11.11% | -3.71% | -17.07% | -12.07% | -11.50% | -6.55% | 9.02% | 9.43% | 10.60% | 11.24% | 11.03% | 10.85% | 9.52% | 8.86% | 9.70% | 14.89% | 14.98% | 12.34% | 8.90% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-395,800K ÷ $3,303,900K
= -11.98%
The net profit margin of Scotts Miracle-Gro Company has fluctuated over the past few quarters. In the most recent quarter ending December 31, 2023, the company reported a net profit margin of -11.98%, indicating that for every dollar of revenue, the company incurred a loss of $0.12. This decline in profitability may be a cause for concern for investors and stakeholders.
Looking at the trend over the past several quarters, the company's net profit margin has been on a downward trajectory since the peak in the first quarter of 2019. This trend suggests potential challenges in controlling costs or maintaining revenue growth relative to expenses.
It is essential for the company to closely monitor its expenses, streamline operations, and potentially revisit its revenue-generating strategies to improve profitability and return to positive net profit margins in the future. Additionally, investors may seek further explanations from the company's management regarding the factors contributing to the decrease in profitability and their plans to address these issues.
Peer comparison
Dec 31, 2023