JM Smucker CoSJM +2.79%66 Pretax Margin % is 14.44% as of Apr. 2026, which is 30% above its 10-year median of 11.13. GuruFocus rates SJM with a GF Score™ of 66/100 and a GF Value™ of $117.72 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,952 Consumer Packaged Goods companies, JM Smucker Co ranks worse than 76.02% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. JM Smucker Co's Pre-Tax Income for the
three
months ended in Apr. 2026 was $328 Mil. JM Smucker Co's Revenue for the
three
months ended in Apr. 2026 was $2,268 Mil. Therefore, JM Smucker Co's pretax margin for the quarter that ended in Apr. 2026 was 14.44%.
The historical rank and industry rank for JM Smucker Co's Pretax Margin % or its related term are showing as below:
SJM'
s Pretax Margin % Range Over the Past 10 Years
Min: -12 Med: 11.13 Max: 14.64
Current: -0.69
SJM's Pretax Margin % is ranked worse than 76.02% of 1952
companies
in the Consumer Packaged Goods industry
Industry Median: 4.665
vs SJM: -0.69
JM Smucker Co (NYSE:SJM) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
JM Smucker Co Pretax Margin % Related Terms
JM Smucker Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for JM Smucker Co's Pretax 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.
For the Packaged Foods subindustry, JM Smucker Co's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JM Smucker Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where JM Smucker Co's Pretax Margin % falls into.
* 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 (SJM) has a Pretax Margin % of 14.44% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JM Smucker Co and its competitors. This is 30% above median its historical median of 11.13. According to the industry distribution chart, JM Smucker Co ranks #1484 out of 1952 companies in the Consumer Packaged Goods industry, placing it in the top 76%.
Is JM Smucker Co's Pretax Margin % too high?
JM Smucker Co's current Pretax Margin % of 14.44% is 30% above median its 10-year median of 11.13. The Consumer Packaged Goods industry median Pretax Margin % is 4.67. JM Smucker Co's value of 14.44% is 209.5% above this industry median. Based on the distribution chart, JM Smucker Co ranks #1484 out of 1952 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, JM Smucker Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JM Smucker Co's Pretax Margin % compare to SFD and DAR?
According to the Consumer Packaged Goods industry distribution chart, JM Smucker Co ranks #1484 out of 1952 companies for Pretax Margin %. This places JM Smucker Co in the lower half of its industry. The industry median Pretax Margin % is 4.67. JM Smucker Co's value of 14.44% is 209.5% above this benchmark. While the company's 10-year median is 11.13 vs. the industry median of 4.67, 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 Pretax Margin % for a Consumer Packaged Goods company?
The median Pretax Margin % among Consumer Packaged Goods companies is 4.67, based on 1,952 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JM Smucker Co's current Pretax Margin % of 14.44% is 209.5% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JM Smucker Co and its competitors. For the Consumer Packaged Goods industry, the median Pretax Margin % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Smucker Co's current Pretax Margin % is 14.44%, which is 30% above median its own 10-year median of 11.13. 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?
Based on GuruFocus' analysis, JM Smucker Co (SJM) is currently considered Fairly Valued. The stock's GF Value™ is $117.72, compared to a current price of $115.64 — trading 1.8% below its estimated fair value. The current Pretax Margin % is 14.44%, which is 30% above median its 10-year median of 11.13 and 209.5% above the Consumer Packaged Goods industry median of 4.67. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For JM Smucker Co (SJM), the current Pretax Margin % is 14.44% 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 (SJM) Overvalued in 2026?
Based on GuruFocus' analysis, JM Smucker Co stock appears to be undervalued.
The current stock price of $115.64 is trading 1.8% below its estimated GF Value™ of $117.72.
GuruFocus considers JM Smucker Co to be Fairly Valued.
Key valuation signals for SJM:
Pretax Margin %: 14.44% (30% above median its 10-year median of 11.13)
GF Value™: $117.72 vs. price of $115.64 (1.8% below fair value)
Industry Position: 209.5% above the Consumer Packaged Goods median (#1484 of 1952)
No single metric tells the full story. See the 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
Get the complete analysis for SJM
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SJM has been successfully added to your 
