Filing Flows › Scotts Miracle-Gro (SMG) › Q2 FY26 › vs Q2 FY25
Scotts Miracle-Gro (SMG) Q2 FY26 vs Q2 FY25 (year over year)
Scotts Miracle-Gro's revenue rose $69.8M (+5%) from $1.4B in Q2 FY25 to $1.5B in Q2 FY26. The biggest changes: U.S. Consumer reportable segment +$65.5M (+5%); Other non-reportable operating segment +$4.3M (+5%). Gross margin 41.8% against 39.0% (+2.8 pts).
Scotts Miracle-Gro, Q2 FY26: revenue $1.5B (+5% year over year), operating margin 27.5%, net earnings $239M, operating cash flow $220M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 41.8% | 39.0% | +2.8 pts |
| Operating margin | 27.5% | 25.2% | +2.4 pts |
| Net margin | 16.3% | 15.7% | +0.7 pts |
| Free cash flow margin | 13.8% | 12.9% | +0.9 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| U.S. Consumer reportable segment | $1.4B | $1.3B | $65.5M | +5% |
| Other non-reportable operating segment | $82.5M | $78.2M | $4.3M | +5% |
| Revenue | $1.5B | $1.4B | $69.8M | +5% |
| Gross profit | $610M | $542M | $68.4M | +13% |
| Cost of revenue | $849M | $848M | $1.4M | +0.2% |
| Operating profit | $402M | $350M | $52.1M | +15% |
| Operating expenses | $209M | $192M | $16.3M | +8% |
| Pre-tax earnings | $340M | $303M | $37.4M | +12% |
| Other expense, net | $61.6M | $46.9M | $14.7M | +31% |
| SG&A | $199M | $178M | $21.4M | +12% |
| Other operating costs | $9.5M | $14.6M | −$5.1M | -35% |
| Net earnings | $239M | $218M | $21.1M | +10% |
| Income tax | $102M | $85.3M | $16.3M | +19% |
| Depreciation | $15.4M | $15.8M | −$400K | -3% |
| Share-based compensation | $18.9M | $22.6M | −$3.7M | -16% |
| Working capital & other | $52.9M | $67.8M | −$14.9M | -22% |
| Operating cash flow | $220M | $188M | $31.9M | +17% |
| Free cash flow (OCF − capex) | $201M | $180M | $21.6M | +12% |
| Capital expenditures | $18.6M | $8.3M | $10.3M | +124% |
Questions
How much did Scotts Miracle-Gro's revenue grow year over year in Q2 FY26?
Scotts Miracle-Gro's revenue rose $69.8M (+5%) from $1.4B in Q2 FY25 to $1.5B in Q2 FY26.
What drove Scotts Miracle-Gro's revenue change in Q2 FY26?
U.S.