Filing Flows › Scotts Miracle-Gro (SMG) › Q3 FY26 › vs Q3 FY25
Scotts Miracle-Gro (SMG) Q3 FY26 vs Q3 FY25 (year over year)
Scotts Miracle-Gro's revenue rose $12.8M (+1%) from $1.2B in Q3 FY25 to $1.2B in Q3 FY26. The biggest changes: Other non-reportable operating segment +$10.1M (+8%); U.S. Consumer reportable segment +$2.7M (+0.3%). Gross margin 31.2% against 32.1% (-0.9 pts).
Scotts Miracle-Gro, Q3 FY26: revenue $1.2B (+1% year over year), operating margin 14.5%, net earnings $112M, operating cash flow $346M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 31.2% | 32.1% | -0.9 pts |
| Operating margin | 14.5% | 19.1% | -4.7 pts |
| Net margin | 9.6% | 12.9% | -3.3 pts |
| Free cash flow margin | 27.4% | 37.7% | -10.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| U.S. Consumer reportable segment | $1.0B | $1.0B | $2.7M | +0.3% |
| Other non-reportable operating segment | $139M | $129M | $10.1M | +8% |
| Revenue | $1.2B | $1.2B | $12.8M | +1% |
| Gross profit | $366M | $373M | −$6.8M | -2% |
| Cost of revenue | $806M | $787M | $19.6M | +2% |
| Operating profit | $170M | $222M | −$52.2M | -24% |
| Operating expenses | $196M | $151M | $45.4M | +30% |
| Pre-tax earnings | $164M | $208M | −$44.6M | -21% |
| Other expense, net | $5.8M | $13.4M | −$7.6M | -57% |
| SG&A | $146M | $145M | $800K | +0.6% |
| Other operating costs | $50.7M | $6.1M | $44.6M | +731% |
| Net earnings | $112M | $149M | −$36.9M | -25% |
| Income tax | $51.6M | $59.3M | −$7.7M | -13% |
| Depreciation | $16.0M | $15.5M | $500K | +3% |
| Share-based compensation | $12.0M | $17.5M | −$5.5M | -31% |
| Working capital & other | $205M | $272M | −$66.9M | -25% |
| Operating cash flow | $346M | $454M | −$109M | -24% |
| Free cash flow (OCF − capex) | $321M | $438M | −$116M | -27% |
| Capital expenditures | $24.5M | $16.9M | $7.6M | +45% |
Questions
How much did Scotts Miracle-Gro's revenue grow year over year in Q3 FY26?
Scotts Miracle-Gro's revenue rose $12.8M (+1%) from $1.2B in Q3 FY25 to $1.2B in Q3 FY26.
What drove Scotts Miracle-Gro's revenue change in Q3 FY26?
Other non-reportable operating segment +$10.1M (+8%); U.S.