FMC vs Scotts Miracle-Gro
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KIRA’s take AI analyst
I put FMC and Scotts Miracle-Gro side by side, using each one’s latest annual report. Here is what stands out:
- FMC is the larger business, with $3.5B of revenue in fiscal 2025 against $3.4B for Scotts Miracle-Gro.
- Scotts Miracle-Gro grew revenue faster (−3.9%, against −18.3%).
- Scotts Miracle-Gro kept more of each dollar of sales as operating profit (10.5% operating margin, against −47.0%).
- Scotts Miracle-Gro turned more of its sales into free cash flow (8.0% FCF margin, against −3.0%).
- Scotts Miracle-Gro earned a higher return on the capital invested in it (13.4%, against −19.6%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
FMC
FMC
2/9
Gross marginShare count change
Scotts Miracle-Gro
SMG
7/9
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalPiotroski F-score
Side by side
Best in the row
| Latest fiscal year | FMC FY25 | SMG FY25 |
|---|---|---|
| Size | ||
| Market cap | $578M | $3.5B |
| Revenue | $3.5B | $3.4B |
| Free cash flow | −$103M | $274M |
| Net income | −$2.2B | $145M |
| Growth | ||
| Revenue growth | −18.3% | −3.9% |
| 5-year growth | −5.7% | −3.8% |
| Share count change | −0.2% | 3.4% |
| Profitability | ||
| Gross margin | 37.0% | 30.6% |
| Operating margin | −47.0% | 10.5% |
| Net margin | −64.6% | 4.3% |
| FCF margin | −3.0% | 8.0% |
| Return on capital | −19.6% | 13.4% |
| Return on equity | −68.3% | — |
| Balance sheet | ||
| Net debt | $3.5B | $2.1B |
| Net debt / EBITDA | — | 4.8x |
| Dividends and buybacks | $291M | $173M |
| Valuation & quality | ||
| P/E | — | 49.9x |
| Piotroski F-score | 2 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

