Tearsheet

Scotts Miracle Gro (SMG)

Market Price (12/22/2025): $58.3 | Market Cap: $3.4 Bil
Sector: Materials | Industry: Fertilizers & Agricultural Chemicals

Scotts Miracle Gro (SMG)

Market Price (12/22/2025): $58.3
Market Cap: $3.4 Bil
Sector: Materials
Industry: Fertilizers & Agricultural Chemicals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 8.1%	Weak multi-year price returns 2Y Excs Rtn is -40%, 3Y Excs Rtn is -39%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 69%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.5%, Rev Chg QQuarterly Revenue Change % is -6.6%
2	Low stock price volatility Vol 12M is 39%		Key risks SMG key risks include [1] declining performance in its Hawthorne segment tied to a cannabis market oversupply and [2] a substantial debt load limiting its financial flexibility.
3	Megatrend and thematic drivers Megatrends include Sustainable Consumption, Health & Wellness Trends, and Sustainable Resource Management. Themes include Eco-friendly Products, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 8.1%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
2	Low stock price volatility Vol 12M is 39%
3	Megatrend and thematic drivers Megatrends include Sustainable Consumption, Health & Wellness Trends, and Sustainable Resource Management. Themes include Eco-friendly Products, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -40%, 3Y Excs Rtn is -39%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 69%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.5%, Rev Chg QQuarterly Revenue Change % is -6.6%
7	Key risks SMG key risks include [1] declining performance in its Hawthorne segment tied to a cannabis market oversupply and [2] a substantial debt load limiting its financial flexibility.

Valuation, Metrics & Events

	12/22/25	2024	2023	2022
Share Price CYE	$58.30	$63.43	$58.58	$42.78
Market Cap CYE ($ Bil)	3.4	3.6	3.3	2.4
Total Debt ($ Bil)	2.4	2.4	2.5	2.9
Total Cash ($ Bil)	0.0	0.0	0.1	0.0
Enterprise Value ($ Bil)	5.7	6.0	5.8	5.3
Valuation Ratios
P/S TTM	1.0	1.1	1.0	0.8
P/EBIT TTM	9.6	10.9	26.8	-9.9
P/E TTM	23.2	26.3	-103.8	-7.2
P/FCF TTM	12.3	14.0	6.2	6.2
Sector Ratios
P/S TTM (Sector)	1.5	1.3	1.4	1.2
P/EBIT TTM (Sector)	8.0	6.8	6.6	5.1
P/E TTM (Sector)	-0.2	6.1	7.1	4.8
P/FCF TTM (Sector)	6.9	5.8	5.0	2.7

	12/22/25	2024	2023
Share Price CYE	$58.30	$63.43	$58.58
Market Cap CYE ($ Bil)	3.4	3.6	3.3
Total Debt ($ Bil)	2.4	2.4	2.5
Total Cash ($ Bil)	0.0	0.0	0.1
Enterprise Value ($ Bil)	5.7	6.0	5.8
Valuation Ratios
P/S TTM	1.0	1.1	1.0
P/EBIT TTM	9.6	10.9	26.8
P/E TTM	23.2	26.3	-103.8
P/FCF TTM	12.3	14.0	6.2
Sector Ratios
P/S TTM (Sector)	1.5	1.3	1.4
P/EBIT TTM (Sector)	8.0	6.8	6.6
P/E TTM (Sector)	-0.2	6.1	7.1
P/FCF TTM (Sector)	6.9	5.8	5.0

	SMG	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	3.4
Rev Chg Q	-6.6%	7.3%
Rev Chg LTM	-3.9%	6.0%
Rev Chg 3Y Avg	-4.5%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	12.4%	18.8%
CFO/Rev LTM	10.9%	20.4%
Net Inc Mgn	4.3%	13.1%
VALUATION	LOW
P/S	1.0	3.2
P/CFO	9.1	15.5
P/FCF	12.3	20.7
P/E	23.2	23.5
STABILITY	POOR
Debt/Equity	0.71	0.21
Cash/Assets	0.01	0.07

AI Generated Analysis | Feedback

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Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

SMG Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points explaining the stock movement for Scotts Miracle-Gro (SMG) for the approximate time period from August 31, 2025, to December 22, 2025: 1. Market's mild negative reaction to cannabis rescheduling. Despite potential long-term benefits for Scotts Miracle-Gro's Hawthorne segment, the immediate market reaction to the President's executive order on December 18, 2025, to reschedule cannabis from Schedule I to Schedule III was a 1.23% decline in SMG's stock on that day. While the rescheduling would ease federal research limits and remove the 280E tax penalty, it does not federally legalize cannabis.

2. Weak performance of the Hawthorne Gardening Company. The Hawthorne segment continued to struggle, experiencing a 54% sales decline in the third quarter ended June 28, 2025, which contributed to a total company year-to-date sales decrease of 4%. Scotts Miracle-Gro has committed to transitioning Hawthorne into a dedicated cannabis business and plans to merge it with another cannabis company by early fiscal 2026.

Stock Movement Drivers

Fundamental Drivers

The 2.3% change in SMG stock from 9/21/2025 to 12/21/2025 was primarily driven by a 175.6% change in the company's Net Income Margin (%).

	9212025	12212025	Change
Stock Price ($)	57.32	58.66	2.33%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3440.50	3413.10	-0.80%
Net Income Margin (%)	1.54%	4.25%	175.64%
P/E Multiple	62.29	23.39	-62.45%
Shares Outstanding (Mil)	57.70	57.90	-0.35%
Cumulative Contribution			2.33%

LTM = Last Twelve Months as of date shown

Market Drivers

9/21/2025 to 12/21/2025

	Return	Correlation
SMG	2.3%
Market (SPY)	2.5%	31.6%
Sector (XLB)	0.4%	62.6%

Fundamental Drivers

The -2.9% change in SMG stock from 6/22/2025 to 12/21/2025 was primarily driven by a -75.7% change in the company's P/E Multiple.

	6222025	12212025	Change
Stock Price ($)	60.43	58.66	-2.93%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3454.70	3413.10	-1.20%
Net Income Margin (%)	1.04%	4.25%	307.12%
P/E Multiple	96.42	23.39	-75.74%
Shares Outstanding (Mil)	57.60	57.90	-0.52%
Cumulative Contribution			-2.93%

LTM = Last Twelve Months as of date shown

Market Drivers

6/22/2025 to 12/21/2025

	Return	Correlation
SMG	-2.9%
Market (SPY)	14.8%	33.0%
Sector (XLB)	6.0%	63.9%

Fundamental Drivers

The -10.5% change in SMG stock from 12/21/2024 to 12/21/2025 was primarily driven by a -5.5% change in the company's P/S Multiple.

	12212024	12212025	Change
Stock Price ($)	65.51	58.66	-10.46%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3552.70	3413.10	-3.93%
P/S Multiple	1.05	1.00	-5.49%
Shares Outstanding (Mil)	57.10	57.90	-1.40%
Cumulative Contribution			-10.48%

LTM = Last Twelve Months as of date shown

Market Drivers

12/21/2024 to 12/21/2025

	Return	Correlation
SMG	-10.5%
Market (SPY)	16.1%	48.3%
Sector (XLB)	8.1%	57.6%

Fundamental Drivers

The 40.5% change in SMG stock from 12/22/2022 to 12/21/2025 was primarily driven by a 69.5% change in the company's P/S Multiple.

	12222022	12212025	Change
Stock Price ($)	41.74	58.66	40.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3924.20	3413.10	-13.02%
P/S Multiple	0.59	1.00	69.47%
Shares Outstanding (Mil)	55.20	57.90	-4.89%
Cumulative Contribution			40.19%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2023 to 12/21/2025

	Return	Correlation
SMG	-0.3%
Market (SPY)	46.8%	37.5%
Sector (XLB)	9.5%	50.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SMG Return	96%	-18%	-69%	37%	8%	-9%	-32%
Peers Return	54%	15%	-4%	5%	3%	-13%	61%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
SMG Win Rate	58%	33%	25%	42%	50%	42%
Peers Win Rate	60%	55%	52%	50%	52%	47%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SMG Max Drawdown	-27%	-32%	-74%	-7%	-16%	-27%
Peers Max Drawdown	-31%	-9%	-24%	-21%	-12%	-28%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CENT, FMC, CTVA, SPB, ROL. See SMG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/19/2025 (YTD)

How Low Can It Go

Unique Key	Event	SMG	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-84.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	527.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-38.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	61.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	35 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-46.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	86.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	219 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-65.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	189.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	646 days	1,480 days

Compare to ECL, ROL, FMC, CTVA, NTR

In The Past

Scotts Miracle Gro's stock fell -84.1% during the 2022 Inflation Shock from a high on 4/5/2021. A -84.1% loss requires a 527.8% gain to breakeven.

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About Scotts Miracle Gro (SMG)

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions. The company also offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. It sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake N Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. The company serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

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Here are 1-2 brief analogies for Scotts Miracle-Gro (SMG):

The Procter & Gamble of lawn and garden supplies.
The Sherwin-Williams for your backyard.

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Scotts Lawn Care Products: A range of fertilizers, grass seeds, and weed control solutions designed for maintaining healthy lawns.
Miracle-Gro Garden Care Products: Plant foods, potting mixes, and soils formulated to nourish and promote growth in gardens and containers.
Ortho Pest and Disease Control: Products for managing insect pests, weeds, and plant diseases in and around the home and garden.
Tomcat Rodent Control: Baits and traps developed to control and eliminate rodents in residential and commercial settings.
Bonnie Plants: Live goods, including vegetable, herb, and flower plants, offered to consumers for home gardening.
Hawthorne Gardening Company Products: Specialized nutrients, growing media, and equipment for hydroponic, indoor, and specialty cultivation.

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The Scotts Miracle-Gro Company (SMG) primarily sells its products to other companies, specifically large retailers and home improvement centers, who then sell to individual consumers.

Based on recent financial filings, its major customer companies include:

The Home Depot, Inc. (Symbol: HD)
Lowe's Companies, Inc. (Symbol: LOW)

These two companies collectively account for a significant portion of Scotts Miracle-Gro's consolidated net sales.

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Jim Hagedorn, Chairman and Chief Executive Officer

Jim Hagedorn played a pivotal role in orchestrating Miracle-Gro's merger with Scotts in 1995, leading to the creation of the world's largest consumer lawn and garden business. He assumed the role of CEO for the combined company in 2001 and was appointed Chairman of the Board of Directors in 2003. His father, Horace Hagedorn, founded the original Miracle-Gro company in 1951. Before his extensive career in the lawn and garden industry, Hagedorn served seven years as a captain and F-16 fighter pilot in the United States Air Force. He previously held an executive position at Miracle-Gro Products Ltd. In 1994, after SC Johnson attempted to acquire Miracle-Gro, Jim Hagedorn devised a countermove that resulted in the merger with Scotts. Following the merger, he was instrumental in replacing the previous Scotts management team due to inflated sales figures.

Mark Scheiwer, Executive Vice President, Chief Financial Officer and Chief Accounting Officer

Mark Scheiwer is slated to assume the role of interim Chief Financial Officer and Chief Accounting Officer starting January 1, 2025. He has been with Scotts Miracle-Gro for over 13 years, holding various finance leadership positions within the company. Prior to his current appointment, he served as Vice President and Treasurer since December 2022. He has also held the role of controller and was involved in leading the Hawthorne finance team.

Nate Baxter, President and Chief Operating Officer

Nate Baxter was appointed President and Chief Operating Officer with expanded responsibilities for executing company strategies and overseeing brands, sales, and the supply chain, effective November 26, 2024. He joined Scotts Miracle-Gro in April 2023 as Executive Vice President of Technology and Operations and became Chief Operating Officer in September 2023. Before joining Scotts Miracle-Gro, Baxter served as president of TEL U.S. and worked with Intel Corporation, focusing on technology and operations.

Chris Hagedorn, Executive Vice President and Chief of Staff

Chris Hagedorn was promoted to the newly created role of Executive Vice President and Chief of Staff, effective November 26, 2024. In this role, he is responsible for company strategy and corporate affairs, including corporate communications and government relations, while continuing to oversee the Hawthorne business. He joined Scotts Miracle-Gro in 2011 and previously served as the division president of Hawthorne Gardening. Chris Hagedorn's father is Jim Hagedorn, the current Chairman and CEO.

Dimiter Todorov, Executive Vice President, Chief Legal Officer & Corporate Secretary

Dimiter Todorov serves as the Executive Vice President, Chief Legal Officer & Corporate Secretary for The Scotts Miracle-Gro Company.

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The Scotts Miracle-Gro Company (SMG) faces several key risks to its business, primarily related to its production and supply chain, challenges in its Hawthorne segment, and its financial leverage.

Raw Material and Production Costs, and Supply Chain Disruptions: A significant risk for Scotts Miracle-Gro stems from potential disruptions in the availability or price of key raw materials, as well as increases in commodity prices. This can negatively impact the company's ability to manage its cost structure, potentially limiting its capacity to raise selling prices to offset these increases. Furthermore, sustained price increases could lead to declines in sales volume and market share if competitors do not adjust their prices or if consumers are unwilling to pay higher prices. The company's transportation networks are also vulnerable to disruptions, including congestion, a lack of capacity, higher fuel costs, and labor disputes, which can further lead to increased costs and reduced sales.
Challenges in the Hawthorne Segment: The Hawthorne segment, which focuses on indoor and hydroponic growing products, has experienced significant operational challenges. An oversupply of cannabis in the market has led to reduced cultivation and consolidation among retail establishments, directly impacting the segment's sales volume and overall profitability.
High Debt Load and Financial Leverage: Scotts Miracle-Gro operates with a substantial debt load and high financial leverage, which is identified as a key risk factor. As of the end of fiscal year 2025, the company's total debt stood at approximately $2.11 billion. This significant leverage could limit the company's financial flexibility and adversely affect its financial condition, particularly during periods of prolonged higher interest rates.

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Intensifying competition and oversupply within the cannabis cultivation market, directly impacting demand and pricing for Hawthorne Gardening Company's hydroponic and growing supplies.
Accelerating adoption of water-wise landscaping (e.g., xeriscaping) and smaller, less resource-intensive outdoor spaces, particularly in drought-prone regions, which could reduce long-term demand for traditional lawn care products.

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Scotts Miracle-Gro (SMG) operates in several key addressable markets for its main products and services:

Consumer Lawn and Garden Products

The U.S. lawn and garden products market is projected to reach $83 billion in 2025 and $102 billion by 2028.
The global lawn and garden consumables market is valued at USD 24.1 billion in 2025 and is projected to reach USD 36.7 billion by 2035. North America held the largest share of this market, with the U.S. market specifically valued at USD 8.5 billion in 2025.
The U.S. lawn and garden consumables market size was evaluated at USD 6.97 billion in 2024 and is projected to be worth approximately USD 12.75 billion by 2034.
The U.S. lawn care market, which includes professional landscaping, pest management, and maintenance services, was valued at USD 293.26 billion in 2024 and is estimated to reach USD 487.1 billion by 2033.

Hydroponics and Indoor Growing Equipment

The global hydroponics market was valued at USD 14.73 billion in 2024 and is projected to reach USD 33.12 billion by 2033. North America currently dominates this market.
Another estimate places the global hydroponics market at USD 16.3 billion in 2025, projected to grow to USD 55.4 billion by 2035.
The U.S. indoor farming market, which includes hydroponics, was estimated at USD 3.99 billion in 2023, is expected to grow to USD 4.40 billion in 2024, and is projected to reach USD 8.64 billion by 2030.

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The Scotts Miracle-Gro Company (SMG) is anticipated to drive future revenue growth over the next two to three years through several key strategic initiatives: * Growth in the U.S. Consumer Segment: The company's core U.S. Consumer business is expected to achieve low single-digit net sales growth. This segment focuses on maintaining and growing its dominant position in the DIY lawn and garden market through its established brands and product categories. * Strategic Investments in Brand Innovation and Channel Expansion, including E-commerce: Scotts Miracle-Gro plans to invest in brand innovation and expand its channel reach. This includes targeting emerging touchpoints such as omnichannel retail partnerships and Hispanic consumers. E-commerce is a significant growth opportunity, with the company having seen strong growth in e-commerce point-of-sale dollars and units in fiscal year 2025, and increasing e-commerce penetration. * Hawthorne's Strategic Pivot to Branded Solutions: The Hawthorne segment is undergoing a transformation from a distributor to a provider of branded solutions, focusing on its proprietary "Signature" brands. This shift is expected to reduce overall top-line sales for Hawthorne but contribute meaningfully to the total company's adjusted earnings through single-digit net sales growth, particularly in higher-margin consumable products. * Net Pricing: The company projects that net pricing will contribute to an average of more than 1% per year in overall net sales growth, forming a component of its target for sustainable net sales growth averaging 3% annually through fiscal year 2027.

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The Scotts Miracle-Gro Company's capital allocation decisions over the last 3-5 years (fiscal years 2021-2024) include significant share repurchases, strategic outbound investments, and consistent capital expenditures.

Share Repurchases

The company repurchased $257.9 million of its common stock in fiscal year 2022.
Share repurchases amounted to $9.3 million in fiscal year 2023 and $5.1 million in fiscal year 2024.
In February 2020, Scotts Miracle-Gro authorized a program to repurchase up to $750 million of its shares over the following three years.

Share Issuance

Cash received from the exercise of stock options was $4.0 million in the first three months of fiscal year 2023 (ending December 31, 2022).
Cash received from the exercise of stock options was $0.6 million in the first three months of fiscal year 2024 (ending December 30, 2023).

Outbound Investments

In May 2022, Scotts Miracle-Gro acquired Cyco Flower, a crop input manufacturer, for $34 million.
Other acquisitions in January 2022 included Luxx Lighting for $215 million and True Liberty for $10 million.
The company acquired Rhizoflora's nutrients business (Terpinator and Purpinator brands) for $33.5 million in August 2021.
Scotts Miracle-Gro is actively pursuing a strategic exit from its Hawthorne business and discontinued underperforming business lines, including an AeroGarden write-down in fiscal year 2024.

Capital Expenditures

Capital expenditures totaled $160.8 million in fiscal year 2021, $170.1 million in fiscal year 2022, $137.9 million in fiscal year 2023, and $151.7 million in fiscal year 2024.
The company plans to invest in technology to achieve $150 million in supply chain cost savings over three years (FY2025-2027) and is reducing distribution centers from 18 to 5 by year-end.
Scotts Miracle-Gro is investing over $35 million in research and development, with a focus on innovations such as CRISPR.

Better Bets than Scotts Miracle Gro (SMG)

	SMG	Better Performance than SMG
Metric	Value	INDUSTRY: Fertilizers & Agricultural Chemicals
Rev Chg LTM	-3.9%	CF (12.6%), IPI (8.9%), CTVA (5.0%), MOS (3.8%), NTR (0.3%)
Rev Chg 3Y Avg	-4.5%	CTVA (0.8%)
Op Mgn LTM	12.4%	CF (31.1%), CTVA (15.5%), NTR (13.4%)
CFO/Rev LTM	10.9%	CF (39.1%), IPI (19.6%), CTVA (18.4%), NTR (15.6%)
FCF/Rev LTM	8.0%	CF (25.4%), CTVA (15.3%), IPI (10.0%)
Total Yield	8.8%	MOS (19.9%), CF (13.5%), NTR (9.5%)
P/S	1.0	AVD (0.2), FMC (0.5), MOS (0.6)
P/Op Inc	8.0	FMC (3.9), CF (6.0), MOS (7.4)

	SMG	Better Performance than SMG
Metric	Value	SECTOR: Materials
Rev Chg LTM	-3.9%	AEM (35.2%), NEM (26.6%), SCCO (12.7%), CRH (4.3%), LIN (1.3%)
Rev Chg 3Y Avg	-4.5%	AEM (26.0%), NEM (23.9%), SCCO (7.1%), CRH (5.7%), LIN (0.6%)
Op Mgn LTM	12.4%	SCCO (50.3%), AEM (49.4%), NEM (43.5%), LIN (26.9%), CRH (13.8%)
CFO/Rev LTM	10.9%	AEM (55.2%), NEM (42.9%), SCCO (37.4%), LIN (29.8%), CRH (14.7%)
FCF/Rev LTM	8.0%	AEM (34.5%), NEM (28.5%), SCCO (28.2%), LIN (15.2%), SHW (10.4%)
Total Yield	8.8%	LYB (14.5%), CF (13.5%), NTR (9.5%), AA (9.4%), CCK (9.1%)
P/S	1.0	LYB (0.4), DOW (0.4), SW (0.6), IP (0.8), CCK (1.0)
P/Op Inc	8.0	CF (6.0), EMN (6.1), CCK (7.1), MOS (7.4), SEE (7.5)

	SMG	Better Performance than SMG
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-3.9%	NVDA (65.2%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-4.5%	NVDA (91.6%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	12.4%	NVDA (58.8%), MSFT (46.3%), META (43.2%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	10.9%	MSFT (50.0%), NVDA (44.4%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	8.0%	NVDA (41.3%), MSFT (26.6%), META (23.7%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	8.8%	VZ (18.6%), T (12.9%), MRK (10.8%), XOM (9.4%), WFC (8.9%)
P/S	1.0	CVS (0.3), MCK (0.3), UNH (0.7), CMCSA (0.9), UPS (1.0)
P/Op Inc	8.0	CMCSA (4.9), VZ (5.3), T (7.1), EOG (7.3), CNQ (7.4)

		Best Bets In Materials Sector
	SMG	SCCO	USLM	CF	NEU	EXP	LIN	NEM	SMG	CBT	B
What You Pay
P/E	23.4	31.0	27.9	9.2	15.2	15.7	29.6	15.5	23.4	10.6	21.3
P/EBIT	9.7	18.6	23.9	5.7	11.0	11.5	21.3	10.6	9.7	5.5	11.0
What You Get
Rev Chg Q	-6.6%	15.2%	14.1%	21.1%	-4.8%	2.5%	2.8%	20.0%	-6.6%	-10.2%	23.2%
Rev Chg LTM	-3.9%	12.7%	20.3%	12.6%	-1.1%	1.5%	1.3%	26.6%	-3.9%	-7.0%	18.4%
Rev Chg 3Y Avg	-4.5%	7.1%	17.8%	-13.5%	1.1%	4.1%	0.6%	23.9%	-4.5%	-4.8%	8.5%
FCF/Rev 3Y Avg	12.3%	27.0%	25.6%	22.3%	17.5%	16.7%	15.4%	13.8%	12.3%	10.3%	10.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Scotts Miracle Gro Earnings Notes
2	Would You Still Hold Scotts Miracle Gro Stock If It Fell 30%?	Return
3	Scotts Miracle Gro vs UnitedHealth: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Scotts Miracle Gro vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Scotts Miracle Gro vs CF Industries: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does Scotts Miracle Gro Stock Stack Up Against Its Peers?	Peer Comparison
7	Better Bet Than SMG Stock: Pay Less Than Scotts Miracle Gro To Get More From AA, CALM
8	Better Bet Than SMG Stock: Pay Less Than Scotts Miracle Gro To Get More From AA
9	SMG Dip Buy Analysis
10	Scotts Miracle Gro Total Shareholder Return (TSR): -26.9% in 2025 and 19.9% 3-yr compounded annual returns (above peer average)

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to SMG. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	7.6%	7.6%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.2%	0.2%	-3.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	47.0%	47.0%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	24.2%	24.2%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.6%	4.6%	-2.5%
SMG_12312021_Dip_Buyer_ValueBuy	12312021	SMG	Scotts Miracle Gro	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-49.6%	-68.8%	-74.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	7.6%	7.6%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.2%	0.2%	-3.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	47.0%	47.0%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	24.2%	24.2%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.6%	4.6%	-2.5%
SMG_12312021_Dip_Buyer_ValueBuy	12312021	SMG	Scotts Miracle Gro	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-49.6%	-68.8%	-74.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.6	132.3%	29.2%
TE	T1 Energy	1.0	122.5%
VERA	Vera Therapeutics	3.3	79.4%	21.1%
FTRE	Fortrea	1.6	76.7%	-4.9%
ARWR	Arrowhead Pharmaceuticals	9.5	74.9%	262.6%
ANF	Abercrombie & Fitch	5.8	73.7%	-19.0%
ALMS	Alumis	0.9	71.8%	43.6%
LUNR	Intuitive Machines	1.8	70.5%	-17.7%
VSCO	Victoria's Secret	4.5	63.0%	36.9%
PL	Planet Labs PBC	5.8	62.7%	374.8%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.6%	-63.9%
JANX	Janux Therapeutics	0.9	-52.1%	-74.2%
FRMI	Fermi	5.9	-50.1%
LENZ	LENZ Therapeutics	0.5	-36.6%	-37.7%
GOGO	Gogo	0.6	-34.9%	-44.0%
LWLG	Lightwave Logic	0.4	-34.0%	42.4%
BETR	Better Home & Finance	0.5	-32.1%	269.6%
IMSR	Terrestrial Energy	0.7	-30.8%
ORIC	ORIC Pharmaceuticals	0.6	-30.0%	-0.4%
PBF	PBF Energy	3.0	-29.7%	3.7%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

Peer Comparisons for Scotts Miracle Gro

Peers to compare with:

Financials

	SMG	CENT	FMC	CTVA	SPB	ROL	Median
Name	Scotts M.	Central .	FMC	Corteva	Spectrum.	Rollins
Mkt Price	58.66	32.02	13.32	66.31	59.74	60.06	59.20
Mkt Cap	3.4	2.0	1.7	45.0	1.4	29.1	2.7
Rev LTM	3,413	3,129	3,608	17,469	2,809	3,680	3,511
Op Inc LTM	422	250	433	2,716	149	717	428
FCF LTM	274	291	-409	2,669	165	675	282
FCF 3Y Avg	432	324	-40	1,421	-62	561	378
CFO LTM	371	333	-318	3,219	204	702	352
CFO 3Y Avg	523	370	62	1,990	-14	591	446

Growth & Margins

	SMG	CENT	FMC	CTVA	SPB	ROL	Median
Name	Scotts M.	Central .	FMC	Corteva	Spectrum.	Rollins
Rev Chg LTM	-3.9%	-2.2%	-13.4%	5.0%	-5.2%	11.2%	-3.1%
Rev Chg 3Y Avg	-4.5%	-2.1%	-13.6%	0.8%	-3.5%	11.8%	-2.8%
Rev Chg Q	-6.6%	1.3%	-49.1%	12.6%	-5.2%	12.0%	-1.9%
QoQ Delta Rev Chg LTM	-0.8%	0.3%	-12.7%	1.7%	-1.4%	3.1%	-0.3%
Op Mgn LTM	12.4%	8.0%	12.0%	15.5%	5.3%	19.5%	12.2%
Op Mgn 3Y Avg	7.7%	6.7%	15.4%	13.0%	3.9%	19.4%	10.3%
QoQ Delta Op Mgn LTM	1.0%	0.8%	-4.8%	0.9%	0.5%	0.3%	0.7%
CFO/Rev LTM	10.9%	10.6%	-8.8%	18.4%	7.2%	19.1%	10.8%
CFO/Rev 3Y Avg	14.9%	11.5%	1.2%	11.6%	-0.4%	17.7%	11.6%
FCF/Rev LTM	8.0%	9.3%	-11.3%	15.3%	5.9%	18.3%	8.7%
FCF/Rev 3Y Avg	12.3%	10.1%	-1.2%	8.3%	-2.1%	16.8%	9.2%

Valuation

	SMG	CENT	FMC	CTVA	SPB	ROL	Median
Name	Scotts M.	Central .	FMC	Corteva	Spectrum.	Rollins
Mkt Cap	3.4	2.0	1.7	45.0	1.4	29.1	2.7
P/S	1.0	0.6	0.5	2.6	0.5	7.9	0.8
P/EBIT	9.7	7.2	758.0	18.0	12.2	40.6	15.1
P/E	23.4	12.1	-3.1	28.0	14.3	56.4	18.8
P/CFO	9.1	5.9	-5.3	14.0	7.0	41.5	8.1
Total Yield	8.8%	8.2%	-23.3%	3.8%	8.6%	2.9%	6.0%
Dividend Yield	4.5%	0.0%	8.7%	0.3%	1.6%	1.1%	1.4%
FCF Yield 3Y Avg	11.7%	14.4%	-2.1%	3.2%	0.3%	2.4%	2.8%
D/E	0.7	0.7	2.7	0.1	0.5	0.0	0.6
Net D/E	0.7	0.3	2.4	0.0	0.4	0.0	0.3

Returns

	SMG	CENT	FMC	CTVA	SPB	ROL	Median
Name	Scotts M.	Central .	FMC	Corteva	Spectrum.	Rollins
1M Rtn	9.7%	-0.8%	4.5%	1.4%	5.0%	-0.4%	3.0%
3M Rtn	2.3%	-8.2%	-62.6%	-6.2%	14.4%	8.5%	-1.9%
6M Rtn	-2.9%	-7.0%	-66.5%	-9.6%	16.6%	7.0%	-5.0%
12M Rtn	-10.5%	-20.0%	-71.9%	16.5%	-27.9%	29.6%	-15.2%
3Y Rtn	40.5%	5.7%	-88.0%	16.4%	8.5%	69.0%	12.4%
1M Excs Rtn	7.2%	2.2%	2.1%	-0.1%	7.3%	-1.7%	2.1%
3M Excs Rtn	-0.4%	-7.8%	-64.0%	-6.8%	13.4%	6.3%	-3.6%
6M Excs Rtn	-18.9%	-22.4%	-81.4%	-23.9%	2.2%	-7.7%	-20.6%
12M Excs Rtn	-28.2%	-38.7%	-85.7%	1.4%	-43.8%	13.1%	-33.5%
3Y Excs Rtn	-39.2%	-65.4%	-159.2%	-59.9%	-64.8%	-7.2%	-62.4%

Comparison Analyses

	Title
0	How Does Scotts Miracle Gro Stock Stack Up Against Its Peers?
1	With 5.0% Gains On The Table, FMC May Outshine SMG
2	ROL Could Deliver 28% Returns And Outperform SMG
3	ECL Looks Stronger Than SMG With 6.0% Return Potential
4	Scotts Miracle vs. Rogers: With Return Forecast Of 24%, Scotts Miracle Is A Better Bet
5	Scotts Miracle vs. Science Applications International: With Return Forecast Of 24%, Scotts Miracle Is A Better Bet
6	Scotts Miracle vs. Wex: With Return Forecast Of 130%, Wex Is A Better Bet
7	Scotts Miracle vs. Fidelity National Information Services: With Return Forecast Of 38%, Scotts Miracle Is A Better Bet
8	Scotts Miracle vs. Transdigm Group: With Return Forecast Of 52%, Transdigm Group Is A Better Bet
9	Scotts Miracle vs. Fortinet: With Return Forecast Of 38%, Scotts Miracle Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2025	2024	2023	2022	2021	2020
Period End	9/30/2025	9/30/2025	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020
Filing Date	11/25/2025	11/25/2025	11/26/2024	11/22/2023	11/28/2022	11/23/2021	11/24/2020
Key Financials
Total Revenue	3,413	3,413	3,553	3,551	3,924	4,925	4,132
EBITDA	426	426	216	-183	-335	850	685
Operating Income	422	422	272	106	259	727	586
Net Income	145	145	-35	-380	-438	512	387
EPS	2.52	2.52	-0.61	-6.79	-7.88	9.20	6.96
Growth Rates
Total Revenue Growth	-3.9%	-3.9%	0.0%	-9.5%	-20.3%	19.2%	30.9%
EBITDA Growth	97.1%	97.2%	218.1%	45.4%	-139.4%	24.1%	-11.4%
Operating Income Growth	55.3%	55.4%	156.0%	-59.1%	-64.4%	24.1%	40.1%
Net Income Growth	516.0%	516.0%	90.8%	13.1%	-185.4%	32.3%	-15.9%
Margins
EBITDA Margin	12.5%	12.5%	6.1%	-5.1%	-8.5%	17.3%	16.6%
Operating Income Margin	12.4%	12.4%	7.6%	3.0%	6.6%	14.8%	14.2%
Net Income Margin	4.3%	4.3%	-1.0%	-10.7%	-11.1%	10.4%	9.4%
Cash & Debt
Total Cash	37	37	72	32	87	244	17
Total Debt	2,380	2,380	2,518	2,906	3,270	2,595	1,682
Net Debt / (Cash)	2,344	2,344	2,446	2,874	3,183	2,351	1,666
Cash Flows
Net Cash from Operations	371	371	668	531	-129	272	558
Free Cash from Operations	274	274	584	438	-242	165	495
Returns to Shareholders
Dividends	154	154	151	149	166	143	411
Share Repurchases	18	18	5	9	258	129	53

$ Mil \| FY: 9/30	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	9/30/2025	6/28/2025	3/29/2025	12/28/2024	9/30/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	11/25/2025	8/6/2025	5/7/2025	2/5/2025	11/26/2024	8/7/2024	5/8/2024	2/7/2024	11/22/2023	8/9/2023	5/10/2023	2/8/2023
Key Financials Quarterly
Total Revenue	387	1,188	1,421	417	415	1,202	1,525	410	374	1,119	1,532	527
Ebitda	-145	258	356	-43	-259	242	284	-51	-498	122	221	-26
Operating Income	-116	217	355	-34	-147	199	274	-54	-168	79	228	-33
Net Income	-152	149	218	-70	-244	132	158	-80	-468	44	109	-65
EPS	-2.63	2.58	3.78	-1.21	-4.29	2.33	2.77	-1.42	-8.33	0.78	1.95	-1.17
Key Financials TTM
Total Revenue TTM	3,413	3,440	3,455	3,559	3,553	3,512	3,429	3,435	3,551	3,670	3,738	3,885
Ebitda TTM	426	312	296	224	216	-24	-144	-207	-182	106	-535	-345
Operating Income TTM	422	391	373	292	272	252	131	85	106	83	100	260
Net Income TTM	145	53	36	-24	-35	-259	-348	-396	-380	-132	-619	-452
Growth Rates Quarterly
Total Revenue Growth	-6.6%	-1.2%	-6.8%	1.6%	10.7%	7.5%	-0.4%	-22.1%	-24.1%	-5.7%	-8.8%	-7.0%
EBITDA Growth	43.9%	6.4%	25.5%	15.6%	48.0%	98.9%	28.7%	-94.3%	-137.2%	123.5%	-46.2%	-65.0%
Operating Income Growth	21.1%	9.1%	29.6%	36.6%	12.1%	152.3%	20.3%	-63.4%	12.3%	-17.6%	-41.2%	5.9%
Net Income Growth	37.7%	12.9%	38.1%	13.7%	47.9%	202.3%	44.0%	-24.4%	-112.9%	109.8%	-60.4%	-29.4%
Margins Quarterly
EBITDA Margin	-37.5%	21.7%	25.1%	-10.4%	-62.5%	20.1%	18.6%	-12.5%	-133.1%	10.9%	14.4%	-5.0%
Operating Income Margin	-30.0%	18.3%	25.0%	-8.3%	-35.5%	16.6%	18.0%	-13.3%	-44.8%	7.1%	14.9%	-6.3%
Net Income Margin	-39.2%	12.6%	15.3%	-16.7%	-58.8%	11.0%	10.3%	-19.6%	-125.1%	3.9%	7.1%	-12.3%
Cash & Debt
Total Cash	37	51	17	10	72	280	65	10	32	27	25	26
Total Debt	2,380	2,188	2,548	2,692	2,518	2,489	2,818	3,024	2,906	3,080	3,573	3,406
Net Debt / (Cash)	2,344	2,137	2,531	2,682	2,446	2,209	2,753	3,013	2,874	3,052	3,548	3,381
Cash Flows Quarterly
FCF from Operations	174	454	188	-445	118	588	304	-343	535	563	-135	-432
Cash Flows TTM
FCF from Operations TTM	371	316	449	565	668	1,084	1,059	619	531	546	447	204
Returns to Shareholders Quarterly
Dividends	38	38	39	39	38	38	39	37	37	37	38	37
Share Repurchases	-0	0	3	16	0	0	2	3	-0	3	6	1
Return on Invested Capital (ROIC) Quarterly
ROIC	-15.8%	29.3%	40.6%	-3.7%	-18.8%	26.0%	28.5%	-5.1%	-19.5%	8.7%	18.8%	-2.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	11.8%	9.7%	7.0%	10.9%	11.1%	10.9%	4.1%	2.4%	3.1%	2.2%	2.2%	5.9%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
U.S. Consumer	3,014
Hawthorne	295
Other	244
Controls		363	382	402	384
Growing environment		72	144	264	154
Growing media		160	216	309	240
Growing media and mulch		1,224	1,193	1,287	1,164
Lawn care		973	1,066	1,160	1,017
Lighting		166	200	452	329
Nutrients		105	148	325	233
Other, primarily gardening		221	248	303	260
Other, primarily gardening and controls		72	90	87	61
Other, primarily hardware		56	106	190	159
Roundup® Marketing Agreement		139	132	145	133
Total	3,553	3,551	3,924	4,925	4,132

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
U.S. Consumer	498
Other	5
Hawthorne	-14
Intangible asset amortization	-16
Corporate	-118
Impairment, restructuring and other	-146
Total	209

Price Behavior

Price Behavior

Market Price	$58.66
Market Cap ($ Bil)	3.4
First Trading Date	01/31/1992
Distance from 52W High	-21.0%
	50 Days	200 Days
DMA Price	$55.18	$57.86
DMA Trend	down	down
Distance from DMA	6.3%	1.4%
	3M	1YR
Volatility	29.0%	38.9%
Downside Capture	76.33	106.59
Upside Capture	78.12	79.93
Correlation (SPY)	29.3%	48.2%

SMG Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.75	0.87	0.95	1.02	0.99	1.20
Up Beta	0.07	0.17	0.87	1.25	0.97	1.04
Down Beta	-1.10	0.85	0.77	1.02	1.01	0.96
Up Capture	181%	98%	67%	67%	69%	229%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	12	23	30	61	119	357
Down Capture	84%	111%	133%	119%	111%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	19	33	64	129	389

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of SMG With Other Asset Classes (Last 1Y)
	SMG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-16.2%	4.6%	13.5%	62.9%	2.8%	-2.4%	-16.9%
Annualized Volatility	39.0%	20.2%	19.7%	19.2%	16.0%	17.7%	35.4%
Sharpe Ratio	-0.37	0.11	0.52	2.42	-0.01	-0.29	-0.26
Correlation With Other Assets		58.6%	49.4%	-2.0%	18.5%	48.8%	26.0%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of SMG With Other Asset Classes (Last 5Y)
	SMG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-18.2%	7.2%	14.8%	18.3%	11.1%	4.7%	35.7%
Annualized Volatility	46.0%	18.9%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	-0.28	0.28	0.70	0.95	0.48	0.16	0.63
Correlation With Other Assets		52.0%	47.4%	8.6%	12.9%	45.9%	21.4%

Based On 10-Year Data

		Comparison of SMG With Other Asset Classes (Last 10Y)
	SMG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.9%	9.7%	14.8%	14.5%	6.3%	5.4%	69.5%
Annualized Volatility	39.8%	20.8%	18.0%	14.7%	17.7%	20.8%	55.8%
Sharpe Ratio	0.18	0.42	0.71	0.81	0.28	0.23	0.90
Correlation With Other Assets		50.9%	49.4%	8.2%	17.3%	45.1%	16.9%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	3,130,626
Short Interest: % Change Since 11152025	5.5%
Average Daily Volume	722,942
Days-to-Cover Short Interest	4.33
Basic Shares Quantity	57,900,000
Short % of Basic Shares	5.4%

Returns Analyses

	Title
0	Would You Still Hold Scotts Miracle Gro Stock If It Fell 30%?
1	Scotts Miracle Gro Stock Return Comparison
2	Scotts Miracle Gro Total Shareholder Return (TSR): -68.7% in 2022 and -21.7% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/5/2025	2.9%	6.4%	0.1%
7/30/2025	-8.5%	-9.6%	-7.4%
4/28/2025	1.2%	2.7%	15.3%
1/29/2025	-5.8%	-8.0%	-21.8%
11/6/2024	-20.5%	-21.3%	-18.5%
7/31/2024	11.9%	0.4%	1.6%
5/1/2024	-0.4%	1.0%	-1.4%
2/7/2024	3.7%	2.0%	22.6%
...
SUMMARY STATS
# Positive	13	16	11
# Negative	11	8	13
Median Positive	5.8%	6.2%	15.3%
Median Negative	-6.0%	-11.3%	-11.3%
Max Positive	18.5%	20.1%	26.7%
Max Negative	-20.5%	-25.3%	-22.7%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11252025	10-K 9/30/2025
6302025	8062025	10-Q 6/28/2025
3312025	5072025	10-Q 3/29/2025
12312024	2052025	10-Q 12/28/2024
9302024	11262024	10-K 9/30/2024
6302024	8072024	10-Q 6/29/2024
3312024	5082024	10-Q 3/30/2024
12312023	2072024	10-Q 12/31/2023
9302023	11222023	10-K 9/30/2023
6302023	8092023	10-Q 7/1/2023
3312023	5102023	10-Q 4/1/2023
12312022	2082023	10-Q 12/31/2022
9302022	11282022	10-K 9/30/2022
6302022	8102022	10-Q 7/2/2022
3312022	5112022	10-Q 4/2/2022
12312021	2092022	10-Q 1/1/2022

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Scotts Miracle Gro (SMG)

Market Price (12/22/2025): $58.3 | Market Cap: $3.4 BilSector: Materials | Industry: Fertilizers & Agricultural Chemicals

Scotts Miracle Gro (SMG)

Market Price (12/22/2025): $58.3Market Cap: $3.4 BilSector: MaterialsIndustry: Fertilizers & Agricultural Chemicals

Valuation, Metrics & Events

SMG Stock

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About Scotts Miracle Gro (SMG)

Consumer Lawn and Garden Products

Hydroponics and Indoor Growing Equipment

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Market Price (12/22/2025): $58.3 | Market Cap: $3.4 Bil
Sector: Materials | Industry: Fertilizers & Agricultural Chemicals

Market Price (12/22/2025): $58.3
Market Cap: $3.4 Bil
Sector: Materials
Industry: Fertilizers & Agricultural Chemicals