J M Smucker
Through the investors’ lenses
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 0/4
| Measure | SJM | Checked against | |
|---|---|---|---|
| Owner earnings | $-109.70m | positive | ✗ |
| Return on equity | -2.5% | median 11.7% | ✗ |
| Debt to equity | 1.18x | median 0.79x | ✗ |
| Operating margin | 4.0% | median 15.0% | ✗ |
Passes 0 of 4. To be clear: Warren Buffett has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Terry Smith 0/3
| Measure | SJM | Checked against | |
|---|---|---|---|
| Return on capital employed | 3.0% | median 10.1% | ✗ |
| Cash conversion | — | median 1.78x | — |
| Operating margin | 4.0% | median 15.0% | ✗ |
| Debt to equity | 1.18x | median 0.79x | ✗ |
Passes 0 of 3. To be clear: Terry Smith has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Charlie Munger 0/3
| Measure | SJM | Checked against | |
|---|---|---|---|
| Return on capital employed | 3.0% | median 10.1% | ✗ |
| Return on equity | -2.5% | median 11.7% | ✗ |
| Operating margin | 4.0% | median 15.0% | ✗ |
Passes 0 of 3. To be clear: Charlie Munger has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Chuck Akre 0/3
| Measure | SJM | Checked against | |
|---|---|---|---|
| Return on equity | -2.5% | median 11.7% | ✗ |
| Debt to equity | 1.18x | median 0.79x | ✗ |
| Cash conversion | — | median 1.78x | — |
| Return on equity, sustained | 1 of 10 | 8 of 10 above median | ✗ |
Passes 0 of 3. To be clear: Chuck Akre has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Philip Fisher 0/4
| Measure | SJM | Checked against | |
|---|---|---|---|
| Operating margin | 4.0% | median 15.0% | ✗ |
| Net margin | -1.5% | median 10.2% | ✗ |
| Return on capital employed | 3.0% | median 10.1% | ✗ |
| Operating margin, held or improving | 4.0% | 10-yr median 12.8% | ✗ |
Passes 0 of 4. To be clear: Philip Fisher has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Walter Schloss 0/2
| Measure | SJM | Checked against | |
|---|---|---|---|
| Current ratio | 0.78x | median 1.25x | ✗ |
| Debt to equity | 1.18x | median 0.79x | ✗ |
Passes 0 of 2. To be clear: Walter Schloss has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Benjamin Graham 0/2
| Measure | SJM | Checked against | |
|---|---|---|---|
| Current ratio | 0.78x | 2.00x published | ✗ |
| Long-term debt to working capital | — | 1.00x published | — |
| Positive earnings, ten years running | 0 yrs | 10 published | ✗ |
Passes 0 of 2. To be clear: Benjamin Graham has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Joel Greenblatt 0/1
| Measure | SJM | Checked against | |
|---|---|---|---|
| Return on capital employed | 3.0% | median 10.1% | ✗ |
Passes 0 of 1. To be clear: Joel Greenblatt has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
Peter Lynch 0/2
| Measure | SJM | Checked against | |
|---|---|---|---|
| Debt to equity | 1.18x | median 0.79x | ✗ |
| Net margin | -1.5% | median 10.2% | ✗ |
Passes 0 of 2. To be clear: Peter Lynch has never said anything about J M Smucker. These are the company’s own figures put through the tests he described. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $1.30 per share — no earnings to pay from. |
| Operating cash flow | 31.5% | whyBefore capital spending. |
| Free cash flow | 40.2% | whyAfter maintaining the business. |
Spread between highest and lowest: 8.7 percentage points. Same filings, different denominators.
Coverage rating 77 / 100 — Adequate. ? Peer standing 34/50Direction 30/30Stability 13/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2026-04-30 | 40.2% |
| 2025-04-30 | 55.8% |
| 2024-04-30 | 68.1% |
| 2023-04-30 | 60.0% |
| 2022-04-30 | 58.2% |
| 2021-04-30 | 32.0% |
68% of the 38 consumer staples here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $4.40 ÷ diluted EPS $-1.30
- Operating cash flow — dividends paid $465m ÷ operating cash flow $1,474m
- Free cash flow — dividends paid $465m ÷ (operating cash flow $1,474m − capex $317m)
Where the figures came from
- 10-K filed 2026-06-09 · accession 0000091419-26-000050
All public at sec.gov — you should not have to take our word for it.
Computed straight from SEC XBRL. A number that looks wrong to you is more useful to us than agreement — tell us.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated adequate · when it files.
When this changes
Every figure above is recomputed whenever J M Smucker files. The monthly letter carries what filed, what moved, and one finding computed across every company here.