JM Smucker CoMEX:SJM 66 Operating Margin % is 19.80% as of Apr. 2026, which is 18% above its 10-year median of 16.76. GuruFocus rates MEX:SJM with a GF Score™ of 66/100 and a GF Value™ of MXN1,917.39. The stock has 4 warning signs investors should review. Among 1,951 Consumer Packaged Goods companies, JM Smucker Co ranks better than 85.34% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. JM Smucker Co's Operating Income for the
three
months ended in Apr. 2026 was MXN7,865 Mil. JM Smucker Co's Revenue for the
three
months ended in Apr. 2026 was MXN39,728 Mil. Therefore, JM Smucker Co's Operating Margin % for the quarter that ended in Apr. 2026 was 19.80%.
Good Sign:
JM Smucker Co operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for JM Smucker Co's Operating Margin % or its related term are showing as below:
MEX:SJM'
s Operating Margin % Range Over the Past 10 Years
Min: 13.84 Med: 16.76 Max: 18.96
Current: 14.84
MEX:SJM's Operating Margin % is ranked better than 85.34% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 5.26
vs MEX:SJM: 14.84
JM Smucker Co's 5-Year Average Operating Margin % Growth Rate was 0.70% per year.
JM Smucker Co's Operating Income for the
three
months ended in Apr. 2026 was MXN7,865 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was MXN23,957 Mil.
JM Smucker Co (MEX:SJM) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
JM Smucker Co Operating Margin % Related Terms
JM Smucker Co Operating Margin % Historical Data
* Premium members only.
The historical data trend for JM Smucker Co's Operating Margin % can be seen below:
* 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.
MEX:SJM vs SFD, DAR, MKC: Operating Margin % Comparison
For the Packaged Foods subindustry, JM Smucker Co's Operating Margin %, along with its competitors' market caps and Operating Margin % 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.
JM Smucker Co Operating Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JM Smucker Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where JM Smucker Co's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
JM Smucker Co's Operating Margin % for the fiscal year that ended in Apr. 2026 is calculated as
* 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.
JM Smucker Co (MEX:SJM) has a Operating Margin % of 19.80% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on JM Smucker Co and its competitors. This is 18% above median its historical median of 16.76. Over the past decade, JM Smucker Co's Operating Margin % has ranged from 13.84 to 18.96. According to the industry distribution chart, JM Smucker Co ranks #286 out of 1951 companies in the Consumer Packaged Goods industry, placing it in the top 14.7%.
Is JM Smucker Co's Operating Margin % too high?
JM Smucker Co's current Operating Margin % of 19.80% is 18% above median its 10-year median of 16.76. Over the past 10 years, this metric has ranged from a low of 13.84 to a high of 18.96. The Consumer Packaged Goods industry median Operating Margin % is 5.26. JM Smucker Co's value of 19.80% is 276.4% above this industry median. Based on the distribution chart, JM Smucker Co ranks #286 out of 1951 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, JM Smucker Co has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does JM Smucker Co's Operating Margin % compare to SFD and DAR?
According to the Consumer Packaged Goods industry distribution chart, JM Smucker Co ranks #286 out of 1951 companies for Operating Margin %. This places JM Smucker Co in the top 15% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.26. JM Smucker Co's value of 19.80% is 276.4% above this benchmark. Historically, JM Smucker Co's own Operating Margin % has ranged from 13.84 to 18.96 over the past decade. While the company's 10-year median is 16.76 vs. the industry median of 5.26, JM Smucker Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Consumer Packaged Goods company?
The median Operating Margin % among Consumer Packaged Goods companies is 5.26, based on 1,951 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JM Smucker Co's current Operating Margin % of 19.80% is 276.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on JM Smucker Co and its competitors. For the Consumer Packaged Goods industry, the median Operating Margin % is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Smucker Co's current Operating Margin % is 19.80%, which is 18% above median its own 10-year median of 16.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Smucker Co stock overvalued right now?
JM Smucker Co (MEX:SJM) has a current Operating Margin % of 19.80%. The stock's GF Value™ is MXN1,917.39, compared to a current price of MXN1,799.00 — trading 6.2% below its estimated fair value. The current Operating Margin % is 19.80%, which is 18% above median its 10-year median of 16.76 and 276.4% above the Consumer Packaged Goods industry median of 5.26. JM Smucker Co's overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For JM Smucker Co (MEX:SJM), the current Operating Margin % is 19.80% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is JM Smucker Co (MEX:SJM) Overvalued in 2026?
Based on GuruFocus' analysis, JM Smucker Co stock appears to be undervalued.
The current stock price of MXN1,799.00 is trading 6.2% below its estimated GF Value™ of MXN1,917.39.
Key valuation signals for MEX:SJM:
Operating Margin %: 19.80% (18% above median its 10-year median of 16.76)
GF Value™: MXN1,917.39 vs. price of MXN1,799.00 (6.2% below fair value)
Industry Position: 276.4% above the Consumer Packaged Goods median (#286 of 1951)
No single metric tells the full story. See the MEX:SJM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
J.M. Smucker is a packaged food company that primarily sells through the US retail channel (73% of fiscal 2025 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of sweet baked snacks (through the Hostess acquisition) and international (primarily Canada). Retail coffee is its largest category (32% of sales) with brands Folgers and Dunkin'. Pet foods (19% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from frozen handhelds and spreads, through brands Jif, Smucker's, and Uncrustables. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
66GF Score
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