The Scotts Miracle-Gro Company
Financial Performance
Scotts Miracle-Gro Revenue & Financials
Revenue
$3.4B (FY2025)
Market Cap
$2.9B
Net Income
$145.2M
Employees
5,600
What is Scotts Miracle-Gro's revenue?
Scotts Miracle-Gro had $3.4B in revenue for fiscal year 2025, down 3.9% from 2024. Net income was $145.2M.
- Latest revenue
- $3.4B (FY2025)
- Year-over-year
- -3.9%
- Growth rate (CAGR)
- 3.5% over 9 years
- Peak revenue
- $4.9B (FY2021)
- Years of data
- 10
- Employees
- 5,600
- What is Scotts Miracle-Gro's operating income?
- Scotts Miracle-Gro reported operating income of $358.6M for fiscal year 2025. sec.gov
- How much profit does Scotts Miracle-Gro make?
- Scotts Miracle-Gro reported net income of $145.2M for fiscal year 2025. sec.gov
- How many employees does Scotts Miracle-Gro have?
- Scotts Miracle-Gro has about 5,600 employees.
Financial Analysis
Sales surged from $3.16 billion in fiscal 2019 to $4.93 billion in fiscal 2021 on pandemic gardening and Hawthorne hydroponics demand, then fell to $3.55 billion by fiscal 2023 as both normalized, producing net losses of $437.5 million in 2022 and $380.1 million in 2023. Cost cuts restored profit in fiscal 2025 ($145.2 million net income, 30.6% GAAP gross margin, $274 million free cash flow). In Q3 fiscal 2026, net leverage fell to 3.78x, and management targets about $275 million of fiscal 2026 free cash flow. The Scotts Miracle-Gro Company is a major American multinational corporation specializing in consumer lawn, garden, and pest control products, commanding a market valuation typically over $3 billion.
Revenue Trend Analysis
YoY Change
-3.9%
9-Year CAGR
+3.5%
Peak Year
2021
Trend
Mostly Growing
The Scotts Miracle-Gro Company has 10 full fiscal year figures on this page, compounding at +3.5% annually over 9 years. The most recent year saw a 3.9% decline versus the prior year. Annual revenue peaked in fiscal year 2021 at $4.9B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
The Scotts Miracle-Gro Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Sep 30, 2025 | $371.3M | $97.4M | $2.7B | $3.1B | — | $273.9M | Form 10-K |
| FY2024ended Sep 30, 2024 | $667.5M | $84M | $2.9B | $3.3B | — | $583.5M | Form 10-K |
| FY2023ended Sep 30, 2023 | $531M | $92.8M | $3.4B | $3.7B | — | $438.2M | Form 10-K |
| FY2022ended Sep 30, 2022 | -$129M | $113.5M | $4.3B | $4.1B | — | -$242.5M | Form 10-K |
| FY2021ended Sep 30, 2021 | $271.5M | $106.9M | $4.8B | $3.8B | $1B | $164.6M | Form 10-K |
| FY2020ended Sep 30, 2020 | $558M | $62.7M | $3.4B | $2.7B | $697.2M | $495.3M | Form 10-K |
| FY2019ended Sep 30, 2019 | $226.8M | $42.4M | $3B | $2.3B | $718.7M | $184.4M | Form 10-K |
| FY2018ended Sep 30, 2018 | $342.5M | $68.2M | $3.1B | $2.7B | $354.6M | $274.3M | Form 10-K |
| FY2017ended Sep 30, 2017 | $363.2M | $69.6M | $2.7B | $2.1B | $648.8M | $293.6M | Form 10-K |
| FY2016ended Sep 30, 2016 | $244M | $58.3M | $2.8B | $2B | $715.2M | $185.7M | Form 10-K |
Keep researching Scotts Miracle-Gro
Scotts Miracle-Gro Revenue and Financial FAQ
What is Scotts Miracle-Gro's annual revenue scale?
Scotts Miracle-Gro generates approximately $3.5 billion to $3.6 billion in annual net sales in normalized operating years, following an all-time pandemic peak of $4.9 billion in fiscal 2021.
What is Scotts Miracle-Gro's stock symbol and exchange?
The Scotts Miracle-Gro Company is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "SMG".
How much does Scotts Miracle-Gro pay in dividends?
Scotts maintains a consistent quarterly cash dividend of approximately $0.66 per share (yielding around 3.5% to 4.5% annually depending on share price), demonstrating management's commitment to returning capital to long-term shareholders.
What was the impact of the commercial cannabis downturn on Hawthorne's financials?
Hawthorne's revenue plunged from over $1.4 billion in fiscal 2021 to under $400 million by 2023-2024 as wholesale cannabis prices collapsed, forcing Scotts to record substantial non-cash goodwill and asset impairment charges.
What is Project Springboard's impact on free cash flow?
By slashing inventories by over $400 million and curtailing capital expenditures, Project Springboard generated more than $400 million in free cash flow in fiscal 2023, allowing Scotts to rapidly pay down floating-rate debt.
What is Scotts Miracle-Gro's debt profile and leverage covenant?
Scotts carries approximately $2.7 billion to $3.0 billion in total debt. In 2023, management successfully amended its bank credit agreement to secure covenant relief, with a target to reduce its net leverage ratio toward 3.5x to 4.0x adjusted EBITDA.
What is Scotts' gross margin profile across its business divisions?
The core U.S. Consumer segment delivers healthy gross margins between 28% and 33%, while Hawthorne's gross margins dropped into the low teens during the hydroponic supply glut, dragging consolidated margins down until recent restructuring.
How do commodity input costs affect Scotts' profitability?
Scotts' earnings are sensitive to raw material commodity costs, particularly urea and nitrogen fertilizer prices (tied to natural gas), plastic resin for packaging, peat moss, and diesel fuel for nationwide trucking logistics.
What is Scotts Miracle-Gro's annual Adjusted EBITDA?
Scotts generates normalized Adjusted EBITDA of approximately $450 million to $550 million annually, underpinned by the defensive, recurring cash flows of its residential consumer lawn and garden brands.
How does spring weather impact Scotts' quarterly earnings results?
A cold, rainy, or late spring across the Midwest and Northeast can push consumer garden purchases from Q2 into Q3, causing sharp quarterly earnings volatility even if full-year consumer demand ultimately normalizes.
What portion of Scotts' equity is controlled by the Hagedorn family?
The Hagedorn family (descendants of Miracle-Gro founder Horace Hagedorn) controls approximately 25% to 30% of Scotts Miracle-Gro's outstanding common stock through family partnerships, aligning management with long-term equity performance.
What is Scotts' capital allocation priority moving forward?
Management's top capital allocation priority is aggressive debt paydown to de-risk the balance sheet, followed by funding the regular cash dividend, with share repurchases and large-scale M&A paused until leverage targets are achieved.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Scotts Miracle-Gro Revenue & Financials." CorpDigest, https://corpdigest.com/company/scotts-miracle-gro/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Scotts Miracle-Gro reported $3.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/scotts-miracle-gro/financials" target="_blank" rel="noopener">CorpDigest — Scotts Miracle-Gro financials</a></div>Related Financial Audits
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