SMGNYSEAncillary
Scotts Miracle-Gro
Partial cannabis exposure: Lawn & garden company; cannabis exposure via its Hawthorne hydroponics unit.
Scotts Miracle-Gro (SMG) is an ancillary cannabis company trading on the NYSE. The stock is currently priced at $59.66 with a market capitalization of $3.46B and trailing twelve-month revenue of $3.48B. The company reports a gross margin of 31.8%. View SEC filings ↗
Market Cap
$3.46B
Volume
737.7K
Prev Close
$59.36
52W High
$75.34
52W Low
$47.90
P/S Ratio
0.99
Shares Out
58.2M
Revenue
$3.48B
Gross Margin
31.8%
Cash
$27.7M
SMG Price Chart
Latest Quarterly Results
In Q2 2026, Scotts Miracle-Gro reported revenue of $1.17B, up 1.1% from Q2 2025. Gross margin was 31.2%. Net income was $112.2M. The company ended the quarter with $27.7M in cash and $2.13B of debt.
| SMG | Q2 2026 | YoY |
|---|---|---|
| Revenue | $1.17B | +1.1% |
| Gross margin | 31.2% | -0.9 pts |
| Net income | $112.2M | -24.7% |
| Operating cash flow | $345.6M | -23.9% |
| Cash & equivalents | $27.7M | -30.1% |
| Total debt | $2.13B | -3.5% |
Source: SEC filings, in USD; quarters are calendar quarters of the period end. Latest filing: 10-Q, filed Aug 5, 2026 ↗. Next report expected around Nov 9, 2026 (estimate).
Trading Data
Valuation Metrics
Financial Highlights
View Full FinancialsQuarterly Revenue
Reported quarterly revenue (SEC filings)
TTM: $3.48B
SMG Key Takeaways
- Scotts Miracle-Gro (SMG) trades at $59.66 with a market cap of $3.46B, ranking #2 among 71 cannabis stocks.
- Trailing twelve-month revenue is $3.48B, growing +4.60% year-over-year.
- Gross margin stands at 31.8% — moderate margins typical of the sector.
- Balance sheet shows $27.7M cash against $2.13B debt — net debt position.
- Price-to-Sales ratio of 0.99x — below sector median, potentially undervalued.
- Ranked #1 by market cap in the Ancillary sector. Trades on the NYSE exchange.
SMG Stock Analysis
Scotts Miracle-Gro (SMG) is an ancillary cannabis company listed on the NYSE exchange, headquartered in the United States. With a current share price of $59.66 and a market capitalization of $3.46B, SMG ranks #2 out of 71 publicly traded cannabis stocks tracked on Cannabismarketcap.
From a fundamental perspective, Scotts Miracle-Gro reports trailing twelve-month revenue of $3.48B, representing growth of +4.60% year-over-year. The company maintains a gross margin of 31.8%, which is in line with many cannabis industry peers. At a price-to-sales multiple of 0.99x, the stock appears attractively valued relative to its revenue base.
The company's balance sheet shows $27.7M in cash and equivalents against $2.13B in total debt, leaving net debt of $2.10B. Investors looking for a deeper dive can explore SMG's full financial statements including quarterly breakdowns and balance sheet history.
SMG currently trades within a 52-week range of $47.90 to $75.34. Average daily trading volume stands at 737.7K shares. The company employs approximately 5,200 people.
Corporate Information
Share Structure
SMG Price History
Investment Snapshot
Programmatic analysis based on available financial data. Not investment advice.
Ranked #2 of 71 by market cap ($3.46B). Sector median: $32.9M.
Net debt: $2.10B ($27.7M cash, $2.13B debt). Gross margin at 31.8%.
Revenue growth at +4.6% YoY. Sector median: +1.6%.
P/S ratio of 0.99x vs sector median of 0.71x. Potentially undervalued.
Cannabis Industry Context
Cannabis Industry Overview
Ancillary cannabis companies — often described as the picks-and-shovels plays of the industry — provide products and services to the cannabis supply chain without directly touching the plant. This model carries meaningfully lower regulatory risk because ancillary businesses are not subject to the same licensing requirements, 280E tax penalties, or banking restrictions that encumber plant-touching operators. The ancillary segment spans a wide range of verticals including cultivation technology (LED lighting, HVAC, nutrients), extraction and processing equipment, packaging and compliance solutions, seed-to-sale tracking software, point-of-sale systems, and professional services such as legal, accounting, and consulting. As the cannabis industry matures, ancillary companies benefit from growing total addressable markets in every newly legalized jurisdiction. Many of these businesses also serve adjacent markets in agriculture, food processing, or enterprise software, which diversifies their revenue base and reduces dependence on cannabis-specific demand cycles. Investors often favor ancillary names for their comparatively cleaner financial profiles, conventional banking access, and eligibility for major exchange listings.
Scotts Miracle-Gro in the Ancillary Landscape
Scotts Miracle-Gro (SMG) currently ranks #1 out of 5 publicly traded ancillary companies by market capitalization, with a market cap of $3.46B. The company reports trailing-twelve-month revenue of $3.48B, placing it above the sector median of $339.2M. The ancillary sector comprises 5 tracked companies, reflecting the focused competitive landscape within this segment of the cannabis industry.
The top companies in the ancillary sector by market capitalization are Scotts Miracle-Gro (SMG) at $3.46B, Turning Point Brands (TPB) at $1.35B, and GrowGeneration (GRWG) at $87.8M. As the sector leader by market capitalization, Scotts Miracle-Gro plays a significant role in setting investor expectations and operational benchmarks for the group.
Key Metrics at a Glance
Regulatory & Risk Considerations
All cannabis investors should be aware that federal legalization status in the United States remains uncertain. While cannabis is legal for medical use in the majority of US states and for adult use in a growing number of jurisdictions, it remains classified as a Schedule I controlled substance at the federal level. This creates material legal, financial, and operational risks across the industry. Ancillary companies like Scotts Miracle-Gro generally face lower direct regulatory risk because they do not handle the cannabis plant itself. This distinction allows ancillary businesses to access conventional banking services, list on major exchanges, and avoid the 280E tax penalty that burdens plant-touching operators. However, ancillary companies remain exposed to the overall health of the cannabis industry — a major regulatory setback or prolonged downturn in cannabis operator spending would flow through to ancillary revenue.
Some ancillary businesses that provide services closely tied to cannabis operations — such as compliance software, testing laboratories, or cultivation consulting — may face state-specific licensing or registration requirements. Companies serving both cannabis and non-cannabis markets benefit from revenue diversification that mitigates cannabis-specific regulatory risk, though investors should assess the degree to which each company's growth trajectory depends on continued cannabis market expansion.
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Frequently Asked Questions
What is Scotts Miracle-Gro's (SMG) stock price today?▼
Scotts Miracle-Gro (SMG) stock is currently trading at $59.66 per share on the NYSE exchange. This represents a daily gain of +0.51% ($0.30) from the previous closing price of $59.36. Over the past 52 weeks, SMG has traded between a low of $47.90 and a high of $75.34, placing the current price at approximately -21% from its annual high. The stock has a market capitalization of $3.46B, making it one of the larger cannabis-adjacent companies tracked by Cannabismarketcap. Scotts Miracle-Gro operates in the Ancillary sector, classified under "AGRICULTURAL CHEMICALS", serving the broader cannabis industry.
What is Scotts Miracle-Gro's market capitalization?▼
Scotts Miracle-Gro (SMG) has a current market capitalization of $3.46B, calculated by multiplying its 58.2M shares outstanding by the current stock price of $59.66. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Scotts Miracle-Gro among the large-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $5.56B, which accounts for the company's balance sheet structure. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.
Is Scotts Miracle-Gro profitable?▼
Scotts Miracle-Gro (SMG) currently reports a gross margin of 31.8%, which means the company retains 31.8 cents of every revenue dollar after direct costs of goods sold. On trailing twelve month revenue of $3.48B, this translates to an estimated gross profit of approximately $1.11B. Profitability is a critical factor in the cannabis industry, where many companies are still investing heavily in growth and regulatory compliance. Investors should review the full income statement, cash flow trends, and operating expense breakdown on Cannabismarketcap for a complete picture of Scotts Miracle-Gro's financial health.
What is Scotts Miracle-Gro's annual revenue?▼
Scotts Miracle-Gro (SMG) reports trailing twelve month (TTM) revenue of $3.48B, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed +4.60% year-over-year, indicating growth momentum relative to the prior period. The current price-to-sales ratio is 0.99x, which means investors are paying $0.99 for every $1 of annual revenue — a relatively low valuation in the context of the cannabis sector. Revenue is one of the most closely watched metrics for cannabis companies, as many are still scaling operations in a rapidly evolving regulatory environment. View the full income statement and quarterly revenue breakdown on Cannabismarketcap for detailed trend analysis.
How many employees does Scotts Miracle-Gro have?▼
Scotts Miracle-Gro currently employs approximately 5,200 people across its operations. As an ancillary cannabis company headquartered in the United States, its workforce supports activities spanning agricultural chemicals and related business functions. Based on trailing twelve month revenue of $3.48B, this equates to approximately $669.9K in revenue per employee, which is a useful efficiency metric for comparing operational productivity across cannabis companies. Employee count is an important indicator of a company's operational scale and its capacity for growth in an industry that remains highly labor-intensive due to regulatory requirements.
What exchange is SMG listed on?▼
Scotts Miracle-Gro trades under the ticker symbol SMG on the NYSE exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts. The company has been publicly listed since 1992-01-31, giving it a track record in the public markets that investors can analyze for long-term trends. The stock sees average daily trading volume of approximately 737.7K shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.
What is Scotts Miracle-Gro's gross margin?▼
Scotts Miracle-Gro (SMG) has a gross margin of 31.8%, which represents the percentage of revenue the company retains after paying for the direct cost of goods sold. On trailing twelve month revenue of $3.48B, this translates to an estimated gross profit of approximately $1.11B. Gross margin is a critical profitability indicator in the cannabis industry, where companies face unique cost pressures from regulatory compliance, testing requirements, and the tax burden of IRC Section 280E (which prevents cannabis companies from deducting standard business expenses). A moderate gross margin like Scotts Miracle-Gro's suggests the company has pricing power and operational efficiency relative to peers.
What is SMG's 52-week trading range?▼
Scotts Miracle-Gro (SMG) has traded between a 52-week low of $47.90 and a 52-week high of $75.34, with the current price of $59.66 sitting approximately -21% from the annual high. This range represents a spread of $27.44 (57% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.
What is Scotts Miracle-Gro's cash position and debt level?▼
Scotts Miracle-Gro (SMG) holds $27.7M in cash and equivalents on its balance sheet, set against $2.13B in total debt. This gives the company a net debt position of $2.10B. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.
How many shares outstanding does Scotts Miracle-Gro have?▼
Scotts Miracle-Gro (SMG) currently has 58.2M shares outstanding, which when multiplied by the current stock price of $59.66 gives the company its market capitalization of $3.46B. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.
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