J M SMUCKER Co（SJM）の決算・業績分析
J M SMUCKER Coの2025年有価証券報告書をAI分析。売上高$8.7B(+6.7%)。営業利益-$674M。Consumer Staples。
目次
J M SMUCKER Coの2025年度 業績サマリー
J M SMUCKER Co（証券コード: SJM）の2025年度決算・業績分析。売上高は$8.7B（前年比+6.7%）。営業利益は-$674M（前年比-151.6%）。純利益は-$1.2B（前年比-265.4%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
J M SMUCKER Coの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue remained flat at $8.0B YoY (XBRL), but operating income fell 26.2% to $1.0B (XBRL), and net income dropped 27.9% to $632M (XBRL).
- Cash flow from operations was $1.1B (XBRL), but financing outflows of $944M (XBRL) reflected $418M in dividends and $270M in share repurchases (XBRL).
- The cash conversion cycle (CCC) was 1 day (XBRL), driven by 27-day receivables, 70-day inventory, and 96-day payables (XBRL).
J M SMUCKER Coの売上高変化の要因
- •Total revenue was $8.0B (XBRL), unchanged YoY. The acquisition of Hostess Brands in 2023 added the Sweet Baked Snacks segment (10-K), though segment-specific revenue figures are not available in the data (XBRL). The 5-year revenue CAGR was +3.0% (XBRL), but operating income CAGR declined sharply at -31.5% (XBRL).
J M SMUCKER Coの営業利益変化の要因
- •Gross profit was $2.7B (XBRL) with a gross margin of 33.8% (XBRL). Operating income fell 26.2% YoY to $1.0B (XBRL), and net income declined 27.9% YoY to $632M (XBRL). Operating margin was 12.8% (XBRL), and net margin was 7.9% (XBRL). No specific cost structure changes are detailed in the data (N/A).
J M SMUCKER Coの事業リスクと対応
Deterioration of macroeconomic conditions could reduce consumer spending and demand for products (10-K).
Integration challenges with Hostess Brands may hinder synergy realization and increase costs (10-K).
Volatility in financial markets may impact liquidity, borrowing costs, and asset valuations (10-K).
Rising inflation and interest rates could increase input costs and reduce profitability (10-K).
Failure to manage restructuring costs from divestitures may strain financial performance (10-K).
Geopolitical conflicts (e.g., Russia-Ukraine, Israel-Hamas) and government restrictions are highlighted as risks affecting operations and consumer behavior (10-K).
Consumer shift to private-label products during economic downturns poses competitive risks (10-K).
J M SMUCKER Coの今後の見通し・業績予想
J M SMUCKER Coの事業内容
J M SMUCKER Co (SJM) operates as a global manufacturer and marketer of branded food and beverage products, with a focus on the U.S. market (10-K). Key segments include U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks (10-K). The company generates revenue through sales to retail outlets, including food retailers, club stores, and online platforms (10-K). Competitive advantages include trusted, iconic brands with leadership positions in their markets (10-K), though specific competitors are not disclosed (10-K).
J M SMUCKER CoのAI業績分析レポート（2024年度）
J M SMUCKER Co (SJM) FY2024 Annual Report Analysis
Highlights
Business Overview
J M SMUCKER Co operates as a global manufacturer and marketer of branded food and beverage products, with a focus on the U.S. market (10-K). Key segments include U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks (10-K). The company generates revenue through sales to retail outlets, including food retailers, club stores, and online platforms (10-K). Competitive advantages include trusted, iconic brands with leadership positions in their markets (10-K), though specific competitors are not disclosed (10-K).
Revenue Analysis
Total revenue was $8.0B (XBRL), unchanged YoY. The acquisition of Hostess Brands in 2023 added the Sweet Baked Snacks segment (10-K), though segment-specific revenue figures are not available in the data (XBRL). The 5-year revenue CAGR was +3.0% (XBRL), but operating income CAGR declined sharply at -31.5% (XBRL).
Profitability Analysis
Gross profit was $2.7B (XBRL) with a gross margin of 33.8% (XBRL). Operating income fell 26.2% YoY to $1.0B (XBRL), and net income declined 27.9% YoY to $632M (XBRL). Operating margin was 12.8% (XBRL), and net margin was 7.9% (XBRL). No specific cost structure changes are detailed in the data (N/A).
Balance Sheet Analysis
Equity ratio was 50.6% (XBRL), with a debt-to-equity ratio of 0.95x (XBRL). Current ratio was 1.44x (XBRL). Long-term debt totaled $4.3B (XBRL). Liquidity metrics (cash, credit facilities) are not disclosed in the data (N/A).
Cash Flow Analysis
Operating cash flow was $1.1B (XBRL), with $418M in CapEx (XBRL) and $719M in free cash flow (XBRL). Financing activities included $418M in dividends (XBRL) and $270M in share repurchases (XBRL), totaling $688M in shareholder returns (XBRL).
Working Capital Analysis
The cash conversion cycle (CCC) was 1 day (XBRL), with 27-day receivables, 70-day inventory, and 96-day payables (XBRL).
Risks
Outlook
Management targets low single-digit net sales growth and mid-single-digit adjusted operating income growth long-term (10-K). FY2025 revenue is projected at $8.5B (XBRL). Strategic priorities include cost discipline, portfolio transformation, and growth in pet, coffee, and snacking categories (10-K). The Hostess acquisition is highlighted as a key development (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 7.4B | 7.8B | 7.8B | 8.0B | 8.0B | 8.5B |
| Operating Income | 1.0B | 929M | 1.2B | 1.4B | 1.0B | 158M |
| Net Income | 1.3B | 514M | 780M | 876M | 632M | -91M |
| Total Assets | 15.3B | 16.7B | 17.0B | 16.3B | 16.1B | 15.0B |
| Total Equity | 6.9B | 7.9B | 8.0B | 8.2B | 8.1B | 8.1B |
| Operating Cash Flow | 1.2B | 1.1B | 1.3B | 1.6B | 1.1B | 1.2B |
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