The J.M. Smucker Company — Earnings Quality Grade F
SJM · Consumer Defensive
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 26 days, change -7 days YoY
AR growth -16.0% vs revenue growth 6.7%
Revenue 6.7%, CFFO -1.5%. Cash follows revenue
Expense Quality
Inventory 16.4% vs COGS 5.5%. Normal
CapEx growth -32.9% vs revenue 6.7%. Normal
SG&A/Gross Profit = 45.2%. Normal
Gross margin 38.8%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = -0.98. Below 1.0
FCF $0.8B, FCF/NI = -0.66
Accruals ratio = -13.9%. Low accruals
Cash $0.1B covers only 1% of debt $7.8B
Balance Sheet Health
Goodwill+Intangibles $12.1B = 198% of equity. Over 50%
Debt/EBITDA = -49.9x. Healthy
Other assets 6.9% vs revenue 6.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -19% YoY. Normal
Manipulation Score
M-Score = -3.34 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10