Filing Flows › J M Smucker (SJM) › Q4 FY26 › vs Q3 FY26
J M Smucker (SJM) Q4 FY26 vs Q3 FY26 (quarter over quarter)
J M Smucker's revenue fell $71.3M (-3%) from $2.3B in Q3 FY26 to $2.3B in Q4 FY26. Gross margin 38.0% against 35.4% (+2.6 pts).
J M Smucker, Q4 FY26: revenue $2.3B (+6% year over year), operating margin 19.6%, net earnings $388M, operating cash flow $579M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 38.0% | 35.4% | +2.6 pts |
| Operating margin | 19.6% | -23.4% | +43.0 pts |
| Net margin | 17.1% | -31.0% | +48.1 pts |
| Free cash flow margin | 21.3% | 20.8% | +0.5 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | −$71.3M | -3% |
| Gross profit | $862M | $828M | $34.3M | +4% |
| Cost of revenue | $1.4B | $1.5B | −$106M | -7% |
| Operating profit | $444M | −$548M | $993M | — |
| Operating expenses | $418M | $1.4B | −$959M | -70% |
| Pre-tax earnings | $328M | −$652M | $980M | — |
| Other expense, net | $117M | $104M | $13.4M | +13% |
| SG&A | $358M | $363M | −$5.4M | -1% |
| Other operating costs | $59.8M | $1.0B | −$953M | -94% |
| Income tax benefit | $60.5M | −$72.3M | $133M | — |
| Net earnings | $388M | −$724M | $1.1B | — |
| Depreciation & amortization | $134M | $144M | −$9.7M | -7% |
| Share-based compensation | $3.2M | $2.5M | $700K | +28% |
| Working capital & other | $53.5M | $1.1B | −$1.1B | -95% |
| Operating cash flow | $579M | $558M | $20.7M | +4% |
| Free cash flow (OCF − capex) | $484M | $487M | −$3.1M | -0.6% |
| Capital expenditures | $95.3M | $71.5M | $23.8M | +33% |
Questions
How much did J M Smucker's revenue grow quarter over quarter in Q4 FY26?
J M Smucker's revenue fell $71.3M (-3%) from $2.3B in Q3 FY26 to $2.3B in Q4 FY26. Gross margin 38.0% against 35.4% (+2.6 pts).