Scotts Miracle-Gro Company (SMG)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 208,800 | 8,800 | -114,000 | -179,900 | -174,400 | 17,800 | -622,000 | -440,300 | -433,900 | -247,200 | 617,400 | 653,600 | 723,000 | 769,800 | 752,200 | 681,800 | 585,200 | 521,700 | 495,400 | 431,900 |
| 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 |
| Operating profit margin | 6.02% | 0.26% | -3.50% | -5.53% | -5.17% | 0.51% | -17.38% | -11.75% | -11.40% | -6.10% | 13.76% | 14.07% | 14.95% | 15.33% | 15.34% | 15.30% | 14.38% | 14.19% | 14.80% | 13.72% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $208,800K ÷ $3,466,200K
= 6.02%
The operating profit margin of Scotts Miracle-Gro Company has fluctuated over the past several quarters. The trend shows that the company experienced negative operating profit margins in some periods, particularly in the first quarter of 2023 and the fourth quarter of 2023. However, there has been a gradual improvement in the operating profit margin since then.
The operating profit margin was particularly strong in the second and third quarters of 2022, with double-digit percentages indicating healthier profitability levels. The margin decreased slightly in the following quarters but stayed relatively stable at around the mid-teens range, indicating consistent profitability.
The significant increase in operating profit margin in recent quarters compared to the negative margins in earlier periods suggests that the company has been able to streamline its operations, control costs, and enhance overall efficiency. However, the company should continue to monitor and optimize its expenses to sustain and improve profitability in the future.
Peer comparison
Sep 30, 2024