SCOTTS MIRACLE-GRO CO

Listed Company

SMGCIK 0000825542NYSELarge AcceleratedAgricultural ChemicalsOhioFY ends Sep 30

Period

FY 2025

Revenue

$3.41B

Net Income

$145.20M

Total Assets

$2.74B

Equity

$-357.50M

Shares Out

58.04M

Op. Cash Flow

$371.30M

Business

SCOTTS MIRACLE-GRO CO is a leading marketer of branded consumer lawn and garden products and a provider of indoor and hydroponic gardening supplies in North America. It manufactures, markets and distributes fertilizers, grass seed, soils, potting mixes, water‑soluble and continuous‑release plant foods, pesticides, rodent control, hydroponic nutrients, lighting, durable hydroponic hardware and related services, and acts as exclusive U.S. agent for certain Roundup® consumer products. The company operates through three reportable segments: U.S. Consumer, Hawthorne and Other, with corporate functions supporting operations. Its products are sold primarily in the U.S. and Canada via a direct sales force, e-commerce, brokers, distributors, major retailers, garden centers, mass merchandisers, warehouse clubs and specialty hydroponic channels.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	3,413	3,553	3,551	3,924	4,925
Cost of sales	2,349	2,619	2,708	2,891	3,431
Cost of salesimpairment, restructuring and other	20	84	186	160	25
Gross margin	1,044	851	657	873	1,469
Selling, general and administrative	603	559	551	613	744
Impairment, restructuring and other	63	63	281	693	4
Other (income) expense, net	19	20	−100,000	800,000	−2
Income (loss) from operations	359	209	−174	−434	723
Equity in loss of unconsolidated affiliates	3	68	101	13	−14
Interest expense	129	159	178	118	79
Other non-operating (income) expense, net	5	6	−300,000	−7	−19
Income (loss) before income taxes	222	−24	−453	−558	677
Income tax expense (benefit)	77	11	−73	−121	160
Net income (loss)	145	−35	−380	−438	513
Basic net income (loss) per common share (USD per share)	2.52	−0.61	−6.79	−7.88	9.2
Diluted net income (loss) per common share (USD per share)	2.47	−0.61	−6.79	−7.88	8.96

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	37	72	32	87	244
Accounts receivable, less allowances of $12.0 in 2025 and $9.6 in 2024	187	177	304	299	483
Inventories	593	588	880	1,344	1,127
Prepaid and other current assets	124	145	181	173	170
Total current assets	940	980	1,398	1,982	2,024
Investment in unconsolidated affiliates	54	45	92	194	207
Property, plant and equipment, net	632	610	610	606	622
Goodwill	244	244	244	254	605
Intangible assets, net	402	419	437	580	710
Other assets	471	574	633	681	632
Total assets	2,742	2,872	3,414	4,297	4,800
Current portion of debt	57	53	52	144	58
Accounts payable	229	255	271	423	609
Other current liabilities	453	443	450	397	473
Total current liabilities	740	750	774	964	1,140
Long-term debt	2,049	2,174	2,557	2,826	2,237
Other liabilities	311	338	350	359	410
Total liabilities	3,100	3,263	3,681	4,149	3,787
Commitments and contingencies (Notes 16, 17 and 18)	—	—	—	—	—
Common shares and capital in excess of $0.01 stated value per share; shares outstanding of 57.8 and 57.1, respectively	352	362	353	364	477
Retained earnings	295	304	491	1,020	1,605
Treasury shares, at cost; 10.4 and 11.0 shares, respectively	−894	−949	−999	−1,092	−1,002
Accumulated other comprehensive loss	−110	−107	−113	−145	−66
Total equity (deficit)	−358	−391	−267	148	1,013
Total liabilities and equity (deficit)	2,742	2,872	3,414	4,297	4,800

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Impairment, restructuring and other	22	84	289	667	0
Share-based compensation expense	69	80	69	34	41
Depreciation	63	65	67	68	63
Amortization	12	16	25	37	31
Deferred taxes	71	9	−59	−183	23
Loss on sale of business	18	0	0	—	—
Equity in loss of unconsolidated affiliates	3	68	101	13	−3
Accounts receivable	−17	128	78	103	16
Inventories	−18	294	451	−204	−497
Prepaid and other current assets	−2	10	19	−3	−77
Accounts payable	−300,000	−2	−154	−171	203
Other current liabilities	16	−45	52	−68	−22
Other non-current items	−9	−6	−31	20	−10
Other, net	−600,000	700,000	4	−4	1
Net cash provided by operating activities	371	668	531	−129	272
Investments in property, plant and equipment	−97	−84	−93	−114	−107
Investments in loans receivable	−9	0	0	—	—
Proceeds from loans receivable	0	0	37	0	0
Investments in unconsolidated affiliates	0	−21	0	0	—
Net cash disposed of on sale of business	−3	0	0	−237	−128
Other investing, net	−4	5	−10	29	−9
Net cash used in investing activities	−112	−100	−66	−283	−539
Borrowings under revolving and bank lines of credit and term loans	703	649	1,336	3,617	1,243
Repayments under revolving and bank lines of credit and term loans	−825	−1,040	−1,690	−2,937	−1,362
Dividends paid	−154	−151	−149	−166	−143
Purchase of Common Shares	−18	−5	−9	−258	−129
Cash received from exercise of stock options	12	4	2	3	15
Other financing, net	−11	16	−10	6	0
Net cash used in financing activities	−294	−528	−520	255	494
Effect of exchange rate changes on cash	−200,000	500,000	−100,000	−400,000	600,000
Net increase (decrease) in cash and cash equivalents	−35	40	−55	−157	228

Filings

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