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Side-by-side financial comparison of ILLUMINA, INC. (ILMN) and SCOTTS MIRACLE-GRO CO (SMG). Click either name above to swap in a different company.

SCOTTS MIRACLE-GRO CO is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× ILLUMINA, INC.). SCOTTS MIRACLE-GRO CO runs the higher net margin — 16.3% vs 12.3%, a 4.1% gap on every dollar of revenue. On growth, ILLUMINA, INC. posted the faster year-over-year revenue change (4.8% vs -16.9%). Over the past eight quarters, SCOTTS MIRACLE-GRO CO's revenue compounded faster (10.2% CAGR vs -1.3%).

Illumina, Inc. is an American biotechnology company, headquartered in San Diego, California. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets, and serves more than 155 countries.

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. In the U.S., the company manufactures Scotts, Miracle-Gro and Ortho brands. It also markets and distributes the herbicide Roundup in the U.S. and several international markets including China.

ILMN vs SMG — Head-to-Head

Bigger by revenue
SMG
SMG
1.3× larger
SMG
$1.5B
$1.1B
ILMN
Growing faster (revenue YoY)
ILMN
ILMN
+21.7% gap
ILMN
4.8%
-16.9%
SMG
Higher net margin
SMG
SMG
4.1% more per $
SMG
16.3%
12.3%
ILMN
Faster 2-yr revenue CAGR
SMG
SMG
Annualised
SMG
10.2%
-1.3%
ILMN

Income Statement — Q1 FY2027 vs Q2 FY2026

Metric
ILMN
ILMN
SMG
SMG
Revenue
$1.1B
$1.5B
Net Profit
$134.0M
$238.6M
Gross Margin
66.1%
41.8%
Operating Margin
19.2%
27.5%
Net Margin
12.3%
16.3%
Revenue YoY
4.8%
-16.9%
Net Profit YoY
61.2%
EPS (diluted)
$0.87
$-2.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ILMN
ILMN
SMG
SMG
Q1 26
$1.1B
$1.5B
Q4 25
$1.2B
$354.4M
Q3 25
$387.3M
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.1B
$416.8M
Q3 24
$1.1B
$414.7M
Q2 24
$1.1B
$1.2B
Net Profit
ILMN
ILMN
SMG
SMG
Q1 26
$134.0M
$238.6M
Q4 25
$334.0M
$-125.0M
Q3 25
Q2 25
$149.1M
Q1 25
$217.5M
Q4 24
$186.0M
$-69.5M
Q3 24
$705.0M
Q2 24
$-2.0B
$132.1M
Gross Margin
ILMN
ILMN
SMG
SMG
Q1 26
66.1%
41.8%
Q4 25
65.5%
25.0%
Q3 25
6.1%
Q2 25
31.8%
Q1 25
38.6%
Q4 24
65.9%
22.7%
Q3 24
69.0%
-7.1%
Q2 24
64.8%
29.5%
Operating Margin
ILMN
ILMN
SMG
SMG
Q1 26
19.2%
27.5%
Q4 25
17.4%
-6.2%
Q3 25
-38.8%
Q2 25
18.1%
Q1 25
24.3%
Q4 24
15.8%
-12.2%
Q3 24
68.6%
-52.1%
Q2 24
-147.2%
16.6%
Net Margin
ILMN
ILMN
SMG
SMG
Q1 26
12.3%
16.3%
Q4 25
28.8%
-35.3%
Q3 25
Q2 25
12.6%
Q1 25
15.3%
Q4 24
16.8%
-16.7%
Q3 24
65.3%
Q2 24
-178.8%
11.0%
EPS (diluted)
ILMN
ILMN
SMG
SMG
Q1 26
$0.87
$-2.00
Q4 25
$2.16
$-2.16
Q3 25
$-2.58
Q2 25
$2.54
Q1 25
$3.72
Q4 24
$1.16
$-1.21
Q3 24
$4.42
$-4.21
Q2 24
$-12.48
$2.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ILMN
ILMN
SMG
SMG
Cash + ST InvestmentsLiquidity on hand
$1.2B
$6.2M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.7B
Total Assets
$6.6B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILMN
ILMN
SMG
SMG
Q1 26
$1.2B
$6.2M
Q4 25
$1.6B
$8.3M
Q3 25
$36.6M
Q2 25
$51.1M
Q1 25
$16.9M
Q4 24
$93.0M
$9.8M
Q3 24
$70.0M
$71.6M
Q2 24
$74.0M
$279.9M
Total Debt
ILMN
ILMN
SMG
SMG
Q1 26
$2.3B
Q4 25
Q3 25
$2.1B
Q2 25
Q1 25
Q4 24
Q3 24
$2.2B
Q2 24
Stockholders' Equity
ILMN
ILMN
SMG
SMG
Q1 26
$2.7B
Q4 25
$2.7B
$-500.6M
Q3 25
$-357.5M
Q2 25
$-170.9M
Q1 25
$-290.1M
Q4 24
$2.4B
$-479.5M
Q3 24
$2.1B
$-390.6M
Q2 24
$1.4B
$-146.2M
Total Assets
ILMN
ILMN
SMG
SMG
Q1 26
$6.6B
$3.4B
Q4 25
$6.6B
$3.0B
Q3 25
$2.7B
Q2 25
$3.1B
Q1 25
$3.5B
Q4 24
$6.3B
$3.2B
Q3 24
$6.0B
$2.9B
Q2 24
$6.1B
$3.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ILMN
ILMN
SMG
SMG
Operating Cash FlowLast quarter
$289.0M
Free Cash FlowOCF − Capex
$251.0M
FCF MarginFCF / Revenue
23.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILMN
ILMN
SMG
SMG
Q1 26
$289.0M
Q4 25
$321.0M
$-370.4M
Q3 25
$174.1M
Q2 25
$454.4M
Q1 25
$188.1M
Q4 24
$364.0M
$-445.3M
Q3 24
$316.0M
$118.5M
Q2 24
$80.0M
$588.0M
Free Cash Flow
ILMN
ILMN
SMG
SMG
Q1 26
$251.0M
Q4 25
$267.0M
$-390.4M
Q3 25
$131.2M
Q2 25
$437.5M
Q1 25
$179.8M
Q4 24
$335.0M
$-474.6M
Q3 24
$284.0M
$101.9M
Q2 24
$49.0M
$574.8M
FCF Margin
ILMN
ILMN
SMG
SMG
Q1 26
23.0%
Q4 25
23.0%
-110.2%
Q3 25
33.9%
Q2 25
36.8%
Q1 25
12.7%
Q4 24
30.3%
-113.9%
Q3 24
26.3%
24.6%
Q2 24
4.4%
47.8%
Capex Intensity
ILMN
ILMN
SMG
SMG
Q1 26
Q4 25
5.6%
Q3 25
11.1%
Q2 25
1.4%
Q1 25
0.6%
Q4 24
2.6%
7.0%
Q3 24
3.0%
4.0%
Q2 24
2.8%
1.1%
Cash Conversion
ILMN
ILMN
SMG
SMG
Q1 26
2.16×
Q4 25
0.96×
Q3 25
Q2 25
3.05×
Q1 25
0.86×
Q4 24
1.96×
Q3 24
0.45×
Q2 24
4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ILMN
ILMN

Product revenue$917.0M84%
Service and other revenue$174.0M16%

SMG
SMG

Segment breakdown not available.

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