Scotts Miracle-Gro CoScotts Miracle-Gro Co
Scotts Miracle-Gro Co

Scotts Miracle-Gro Co

SMG
Materials·Chemicals

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. The firm’s products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

Ohio; U.S.A
Market cap
No dataNo data
Revenue
$3.4B−3.9% YoY
Net income
$145.2M+516.0% YoY
Free cash flow
$273.9M−53.1% YoY

Market

Listed stock
SMGPriceNYSE
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Financial performance

Revenue
$3.4B−3.9% YoY
Operating income
$358.6M+71.7% YoY
Net income
$145.2M+516.0% YoY
Free cash flow
$273.9M−53.1% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $4.9B, 2022 $3.9B, 2023 $3.6B, 2024 $3.6B, 2025 $3.4B. Operating income: 2021 $723M, 2022 $-434M, 2023 $-174.4M, 2024 $208.8M, 2025 $358.6M. Net income: 2021 $512.5M, 2022 $-437.5M, 2023 $-380.1M, 2024 $-34.9M, 2025 $145.2M. Free cash flow: 2021 $164.6M, 2022 $-242.5M, 2023 $438.2M, 2024 $583.5M, 2025 $273.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-3.9%−397 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-09-30 $723M, 2022-09-30 $-434M, 2023-09-30 $-174.4M, 2024-09-30 $208.8M, 2025-09-30 $358.6M. Net income: 2021-09-30 $512.5M, 2022-09-30 $-437.5M, 2023-09-30 $-380.1M, 2024-09-30 $-34.9M, 2025-09-30 $145.2M. Free cash flow: 2021-09-30 $164.6M, 2022-09-30 $-242.5M, 2023-09-30 $438.2M, 2024-09-30 $583.5M, 2025-09-30 $273.9M

Growth heatmap

2022202320242025CAGR
Revenue
-20.3%
-9.5%
+0.0%
-3.9%
-8.8%
Gross profit
-40.6%
-24.7%
+29.4%
+22.8%
-8.2%
Operating income
-160.0%
+59.8%
+219.7%
+71.7%
-16.1%
Free cash flow
-247.3%
+280.7%
+33.2%
-53.1%
+13.6%

Earnings quality

Operating cash flow
$371.3M−44.4% YoY
Net income
$145.2M+516.0% YoY
Free cash flow
$273.9M−53.1% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-09-30 256%, 2024-09-30 -1913%, 2023-09-30 -140%, 2022-09-30 29%, 2021-09-30 53%. Free cash flow: 2025-09-30 189%, 2024-09-30 -1672%, 2023-09-30 -115%, 2022-09-30 55%, 2021-09-30 32%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
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Free cash flow yield
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