Scotts Miracle-Gro (SMG) Gross Margin
Scotts Miracle-Gro (SMG) currently has a gross margin of 31.8%. Margins are expanding over recent quarters. The company is an ancillary cannabis company trading on the NYSE.
Current Gross Margin
31.8%
Margin Trend
Expanding
Latest Quarter Margin
31.2%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $1.17B | $805.0M | $365.9M | 31.2% |
| FY2026 Q1 | $1.46B | $849.0M | $610.5M | 41.8% |
| FY2025 Q4 | $354.4M | $264.4M | $88.7M | 25.0% |
| FY2025 Q3 | $497.4M | $444.8M | $40.9M | 8.2% |
| FY2025 Q2 | $1.16B | $784.6M | $372.7M | 32.1% |
| FY2025 Q1 | $1.39B | $842.3M | $542.1M | 39.0% |
| FY2024 Q4 | $366.6M | $276.7M | $88.5M | 24.1% |
| FY2024 Q3 | $414.7M | $427.3M | -$29.5M | -7.1% |
| FY2024 Q2 | $1.20B | $850.6M | $354.1M | 29.5% |
| FY2024 Q1 | $1.53B | $986.8M | $463.7M | 30.4% |
| FY2023 Q4 | $410.4M | $354.0M | $62.2M | 15.2% |
| FY2023 Q3 | $374.5M | $407.6M | -$57.0M | -15.2% |
Frequently Asked Questions
What is SMG's current gross margin?+
Gross margin for Scotts Miracle-Gro is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Scotts Miracle-Gro's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do SMG's margins change quarter to quarter?+
Gross margin fluctuations for Scotts Miracle-Gro can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.