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Company Description and Development of the Business The discussion below describes the business conducted by The Scotts Miracle-Gro Company, an Ohio corporation ( Scotts Miracle-Gro and, together with its subsidiaries, the Company, we, our or us ), including general developments in our business during fiscal 2025. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERAT…
10.51% operating margin is respectable but not wide. ROIC at 11.44%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.9% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 53% versus the prior year, cash generation momentum has weakened. Net debt of $2.36B represents 8.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.47B
▼ -3.9% YoY
Net Income (TTM)
$111M
▲ +516.0% YoY
Op. Margin
12.52%
▲ +4.6pp YoY
ROIC
12.77%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$380M
▼ -53.1% YoY
Op. Cash Flow (TTM)
$478M
▼ -44.4% YoY
Net Debt
$2.67B
Cash & Equiv.
$6M
5Y CAGR: -3.7%
5Y CAGR: -11.2%
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