NYSE: SMG

SCOTTS MIRACLE-GRO CO

CIK 0000825542 · SIC 2870 · Agricultural Chemicals

Large Revenue $3.4B Assets $3.2B as of Aug 16, 2026

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. Each reference in this… About this business →

Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.

Sign up free

Want to see a complete report first? Today's free report (ATLN 10-Q) is open in full — no account needed.

10-Q Filed Aug 5, 2026 · Period ending Jun 27, 2026

Summary not yet generated.

8-K Filed Jul 29, 2026 · Period ending Jul 29, 2026

Scotts Miracle-Gro raises FY2026 EPS guidance to $4.30–$4.45 on Q3 beat

5 material changes detected. Sign up free to read the summary.

Partner

Trade SMG commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

8-K Filed Jul 1, 2026 · Period ending Jul 1, 2026 Red flag

Scotts Miracle-Gro names Nathan Baxter CEO, replacing 25-year leader James Hagedorn

5 material changes detected. Sign up free to read the summary.

10-Q Filed May 6, 2026 · Period ending Mar 28, 2026

Summary not yet generated.

8-K Filed Apr 29, 2026 · Period ending Apr 29, 2026

Summary not yet generated.

8-K Filed Apr 9, 2026 · Period ending Apr 9, 2026

Summary not yet generated.

8-K Filed Feb 20, 2026 · Period ending Feb 20, 2026

Summary not yet generated.

10-Q Filed Feb 4, 2026 · Period ending Dec 27, 2025

Summary not yet generated.

10-K Filed Nov 25, 2025 · Period ending Sep 30, 2025

Summary not yet generated.

10-K Filed Nov 26, 2024 · Period ending Sep 30, 2024

Summary not yet generated.

Latest financial statements

From 10-Q filed Aug 5, 2026 (period ending Jun 27, 2026). SEC XBRL (companyfacts) — not generated by the model.

SEC XBRL

Consolidated Statements of Operations (Unaudited)

Description Q3 ended Jun 27, 2026 Q2 ended Mar 28, 2026
Revenue:
Total revenue / net sales 1,172 1,460
Cost of revenue / cost of sales 805.0 849.0
Gross profit 365.9 610.5
Operating expenses:
Selling, general and administrative 145.6 199.2
Other operating expenses, net 51.9 9.5
Operating income 169.6 401.8
Interest expense 28.0 31.3
Other income/(expense), net (15.6) (1.1)
Income before income taxes 155.2 364.9
Income tax expense/(benefit) 51.6 101.6
Net income 112.2 238.6
Basic earnings per share 1.93 4.11
Diluted earnings per share 1.90 4.04

Consolidated Balance Sheets (Unaudited)

Description Jun 27, 2026 Mar 28, 2026
Current assets:
Cash and equivalents 27.7 6.2
Accounts receivable, net 713.0 766.7
Inventories 481.4 696.0
Prepaid expenses and other current assets 127.0 124.5
Total current assets 1,349 1,622
Property, plant and equipment, net 635.1 627.4
Operating lease right-of-use assets, net 342.5 284.4
Identifiable intangible assets, net 350.1 350.9
Goodwill 243.9 243.9
Deferred income taxes and other assets 524.0 531.9
Other long-term assets (277.3) (248.4)
TOTAL ASSETS 3,167 3,412
Current liabilities:
Current portion of long-term debt 277.0 279.4
Accounts payable 310.3 385.8
Current portion of operating lease liabilities 59.6 60.9
Accrued liabilities 523.5 581.3
Other current liabilities (59.6) (31.8)
Total current liabilities 1,111 1,276
Long-term debt 1,836 2,068
Operating lease liabilities 317.2 256.9
Deferred income taxes and other liabilities 429.0 354.5
Other long-term liabilities (317.2) (256.9)
Total liabilities 3,376 3,698
Shareholders' equity:
Common stock 350.1 346.3
Accumulated other comprehensive income (loss) (106.0) (105.0)
Retained earnings (deficit) 404.3 331.0
Treasury stock 857.1 858.8
Total shareholders' equity (208.7) (286.5)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,167 3,412

Consolidated Statements of Cash Flows (Unaudited)

Description Nine months ended Jun 27, 2026 Six months ended Mar 28, 2026
Operating Activities:
Net cash from operating activities 195.2 (150.4)
Investing Activities:
Net cash from investing activities (102.1) (45.4)
Financing Activities:
Net cash from financing activities (101.8) 168.2
Net increase/(decrease) in cash (8.9) (27.5)

Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗

About SCOTTS MIRACLE-GRO CO

Source: Item 1 (Business) from the 10-K filed November 25, 2025. Description as filed by the company with the SEC.

ITEM 1. BUSINESS

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. Each reference in this Annual Report on Form 10-K (“Form 10-K”) to a “fiscal” year is to our fiscal year ended or ending, as applicable, on September 30 of the referenced year. For additional information on recent business developments, see “ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K.

Through our U.S. Consumer and Other segments, we are the leading marketer of branded consumer lawn and garden products in North America. Our products are marketed under some of the most recognized brand names in the consumer lawn and garden industry. Our key consumer lawn and garden brands include Scotts® Turf Builder® lawn fertilizer and Scotts® grass seed products; Miracle-Gro® soil, plant food and gardening products; Ortho® herbicide and pesticide products; and Tomcat® rodent control and animal repellent products. We are the exclusive agent of Monsanto Company, a subsidiary of Bayer AG (“Monsanto”), for the marketing and distribution of certain of Monsanto’s consumer Roundup®1 branded products within the United States (“U.S.”) and certain other specified countries. In addition, we have an equity interest in Bonnie Plants, LLC, a joint venture with Alabama Farmers Cooperative, Inc. (“AFC”), focused on planting, growing, developing, distributing, marketing and selling live plants.

Read full description ↓

Through our Hawthorne segment, we are a leading provider of nutrients, lighting and other materials used for indoor and hydroponic gardening in North America. Our signature brands include General Hydroponics®, Gavita®, Botanicare®, Gro Pro®, Mother Earth®, Grower’s Edge®, HydroLogic Purification System® and CYCO®.

Scotts Miracle-Gro traces its heritage to a company founded by O.M. Scott in Marysville, Ohio in 1868. In the mid-1900s, we became widely known for the development of quality lawn fertilizers and grass seeds that led to the creation of a new industry – consumer lawn care. In the 1990s, we significantly expanded our product offering with three leading brands in the U.S. home lawn and garden industry. In fiscal 1995, through a merger with Stern’s Miracle-Gro Products, Inc., which was founded by Horace Hagedorn and Otto Stern in Long Island, New York in 1951, we acquired the Miracle-Gro® brand, the industry leader in water-soluble garden plant foods. In fiscal 1999, we acquired the Ortho® brand in the U.S. and obtained exclusive rights to market Monsanto’s consumer Roundup® brand within the U.S. and other contractually specified countries, thereby adding industry-leading weed, pest and disease control products to our portfolio. Today, the Scotts®, Miracle-Gro®, Ortho® and Roundup® brands make us the most widely recognized company in the consumer lawn and garden industry in the U.S.

Business Segments

We divide our business into the following segments:

•U.S. Consumer

•Hawthorne

•Other

U.S. Consumer consists of our consumer lawn and garden business in the United States. Hawthorne consists of our indoor and hydroponic gardening business. Other primarily consists of our consumer lawn and garden business in Canada. Corporate consists of general and administrative expenses and certain other income and expense items not allocated to the reportable business segments. Financial information about our segments for each of the three fiscal years ended September 30, 2025, 2024 and 2023 is presented in “NOTE 19. SEGMENT INFORMATION” of the Notes to Consolidated Financial Statements included in this Form 10-K.

1 Roundup® is a registered trademark of Monsanto Technology LLC, a company affiliated with Monsanto Company.

Principal Products and Services

In our segments, we manufacture, market and sell lawn and garden products in the following categories:

Lawn Care: The lawn care category is designed to help users grow and enjoy the lawn they want. Products within this category include lawn fertilizer products under the Scotts®, O.M. SCOTT & SonsTM and Turf Builder® brand and sub-brand names; clover and grass seed products under the O.M. SCOTT & SonsTM, Scotts®, EZ Seed®, PatchMaster® and Thick’R LawnTM brand and sub-brand names; and lawn-related weed, pest and disease control products primarily under the Scotts® brand name, including sub-brands such as GrubEx®. The lawn care category also includes spreaders and other durables under the Scotts® brand name, including Turf Builder® EdgeGuard® spreaders and WhirlTM and Wizz® handheld spreaders.

Gardening and Landscape: The gardening and landscape category is designed to help consumers grow and enjoy flower and vegetable gardens and beautify landscaped areas. Products within this category include a complete line of water-soluble plant foods under the Miracle-Gro® brand and sub-brands such as LiquaFeed®; continuous-release plant foods under the Miracle-Gro® brand and sub-brands such as Shake ‘N Feed®; potting mixes, garden soils, ground cover and mulches under the Miracle-Gro®, Scotts®, Hyponex® and Earthgro® brand names; and organic garden products under the Miracle-Gro® Organic, Miracle-Gro® Organic ChoiceTM, Scotts® and Whitney Farms® brand names. Hydroponic and indoor gardening focused growing media and nutrients products are marketed under the Mother Earth®, Botanicare®, General Hydroponics® and CYCO® brand names.

Hydroponic hardware and growing environments: This category is designed to provide durable goods to grow plants, flowers and vegetables using little or no soil. Products within this category include trays, fans, filters, humidifiers, dehumidifiers, water pumps and irrigation supplies. These products are marketed under the Botanicare®, CAN-FANTM, CAN-FILTERS®, EcoPlus®, Gro Pro®, Grower’s Edge® and Hydro-Logic Purification System® brand names.

Lighting: The lighting category is designed to provide growers a complete selection of lighting systems and components for use in hydroponic and indoor gardening applications. Products in this category include lighting controls, fixtures, cords and hangars, and are marketed under the Gavita® brand name.

Controls: The controls category is designed to help consumers protect their homes from pests and maintain external home areas. Insect control products are marketed under the Ortho® brand name, including Ortho Max®, Home Defense® and Bug B Gon® sub-brands; rodent control products are marketed under the Tomcat® and Ortho® brands; selective weed control products are marketed under the Ortho Weed B GonTM sub-brand; and non-selective weed killer products are marketed under the Groundclear® brand name. Hydroponic gardening focused controls products are marketed under the Alchemist®, Grower’s Edge® and General Hydroponics® brand names.

Marketing Agreement: We are Monsanto’s exclusive agent for the marketing and distribution of certain of Monsanto’s consumer Roundup® branded products in the United States and certain other specified countries.

We are party to the Third Amended and Restated Exclusive Agency and Marketing Agreement (the “Third Restated Agreement”) pursuant to which we provide certain consumer and trade marketing program services, sales, merchandising, warehousing and other selling and marketing support for certain of Monsanto’s consumer Roundup® branded products. The Company also performs other services on behalf of Monsanto, including manufacturing conversion services, pursuant to ancillary agreements. For additional details regarding the Third Restated Agreement, see “