The Scotts Miracle Gro Co's gross profit for the
three
months ended in Sep. 2024 was $-30 Mil. The Scotts Miracle Gro Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $851 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Scotts Miracle Gro Co's Gross Profit
For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Scotts Miracle Gro Co's Gross Profit Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where The Scotts Miracle Gro Co's Gross Profit falls into.
The Scotts Miracle Gro Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
The Scotts Miracle Gro Co's Gross Profit for the fiscal year that ended in Sep. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $851 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
The Scotts Miracle Gro Co (NYSE:SMG) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
The Scotts Miracle Gro Co had a gross margin of -7.11% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The Scotts Miracle Gro Co Gross Profit Related Terms
Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.
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