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How Scotts Miracle-Gro (SMG) makes money
Scotts Miracle-Gro (SMG) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier. U.S. Consumer reportable segment brought in $1.0B (88%); Other non-reportable operating segment brought in $139M (12%). Of every dollar of revenue, 31¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| U.S. Consumer reportable segment | $1.0B | 88.1% | -25% | +0.3% |
| Other non-reportable operating segment | $139M | 11.9% | +69% | +8% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $806M | 68.8% |
| Gross profit | $366M | 31.2% |
| Operating expenses | $196M | 16.7% |
| Operating profit | $170M | 14.5% |
| Income tax | $51.6M | 4.4% |
| Net earnings | $112M | 9.6% |
| Operating cash flow | $346M | 29.5% |
| Free cash flow | $321M | 27.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $1.2B | +1% |
| Q2 FY26 | $1.5B | +5% |
| Q1 FY26 | $354M | -3% |
| Q4 FY25 | $497M | — |
| Q3 FY25 | $1.2B | -4% |
| Q2 FY25 | $1.4B | -9% |
From Scotts Miracle-Gro's 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Scotts Miracle-Gro make money?
Scotts Miracle-Gro (SMG) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier. U.S. Consumer reportable segment brought in $1.0B (88%); Other non-reportable operating segment brought in $139M (12%). Of every dollar of revenue, 31¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Scotts Miracle-Gro's biggest business?
U.S. Consumer reportable segment: $1.0B in the third quarter fiscal 2026, 88% of revenue, +0.3% from a year earlier.
What is Scotts Miracle-Gro's profit margin?
Net earnings were $112M, 9.6% of revenue, in the third quarter fiscal 2026; the operating margin was 14.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.