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Side-by-side financial comparison of J.M. Smucker Company (The) (SJM) and Toast, Inc. (TOST). Click either name above to swap in a different company.
J.M. Smucker Company (The) is the larger business by last-quarter revenue ($2.3B vs $1.6B, roughly 1.4× Toast, Inc.). J.M. Smucker Company (The) runs the higher net margin — 10.4% vs 6.2%, a 4.2% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 2.6%). J.M. Smucker Company (The) produced more free cash flow last quarter ($280.2M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 2.2%).
The J.M. Smucker Company, also known as Smucker's, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee. Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
SJM vs TOST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.6B |
| Net Profit | $241.3M | $101.0M |
| Gross Margin | 37.3% | 25.9% |
| Operating Margin | 18.0% | 5.2% |
| Net Margin | 10.4% | 6.2% |
| Revenue YoY | 2.6% | 22.0% |
| Net Profit YoY | 1084.9% | 215.6% |
| EPS (diluted) | $2.26 | $0.18 |
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.
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.2B | $1.1B |
| Q4 25 | $241.3M | $101.0M | ||
| Q3 25 | $-43.9M | $105.0M | ||
| Q2 25 | $-729.0M | $80.0M | ||
| Q1 25 | $-662.3M | $56.0M | ||
| Q4 24 | $-24.5M | $32.0M | ||
| Q3 24 | $185.0M | $56.0M | ||
| Q2 24 | $245.1M | $14.0M | ||
| Q1 24 | $120.4M | $-83.0M |
| Q4 25 | 37.3% | 25.9% | ||
| Q3 25 | 22.5% | 26.5% | ||
| Q2 25 | 38.4% | 25.3% | ||
| Q1 25 | 40.2% | 25.9% | ||
| Q4 24 | 39.0% | 24.9% | ||
| Q3 24 | 37.5% | 24.7% | ||
| Q2 24 | 41.4% | 23.0% | ||
| Q1 24 | 36.9% | 23.2% |
| Q4 25 | 18.0% | 5.2% | ||
| Q3 25 | 2.2% | 5.1% | ||
| Q2 25 | -27.9% | 5.2% | ||
| Q1 25 | -27.2% | 3.2% | ||
| Q4 24 | 7.5% | 2.5% | ||
| Q3 24 | 16.4% | 2.6% | ||
| Q2 24 | 18.4% | 0.4% | ||
| Q1 24 | 13.3% | -5.2% |
| Q4 25 | 10.4% | 6.2% | ||
| Q3 25 | -2.1% | 6.4% | ||
| Q2 25 | -34.0% | 5.2% | ||
| Q1 25 | -30.3% | 4.2% | ||
| Q4 24 | -1.1% | 2.4% | ||
| Q3 24 | 8.7% | 4.3% | ||
| Q2 24 | 11.1% | 1.1% | ||
| Q1 24 | 5.4% | -7.7% |
| Q4 25 | $2.26 | $0.18 | ||
| Q3 25 | $-0.41 | $0.16 | ||
| Q2 25 | $-6.86 | $0.13 | ||
| Q1 25 | $-6.22 | $0.09 | ||
| Q4 24 | $-0.23 | $0.09 | ||
| Q3 24 | $1.74 | $0.07 | ||
| Q2 24 | $2.31 | $0.02 | ||
| Q1 24 | $1.13 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.4B |
| Total DebtLower is stronger | $7.0B | — |
| Stockholders' EquityBook value | $6.1B | $2.1B |
| Total Assets | $17.6B | $3.1B |
| Debt / EquityLower = less leverage | 1.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $903.0M | ||
| Q3 24 | — | $761.0M | ||
| Q2 24 | — | $691.0M | ||
| Q1 24 | — | $578.0M |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $7.0B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $8.1B | — |
| Q4 25 | $6.1B | $2.1B | ||
| Q3 25 | $5.9B | $2.0B | ||
| Q2 25 | $6.1B | $1.8B | ||
| Q1 25 | $6.9B | $1.7B | ||
| Q4 24 | $7.6B | $1.5B | ||
| Q3 24 | $7.8B | $1.4B | ||
| Q2 24 | $7.7B | $1.3B | ||
| Q1 24 | $7.6B | $1.2B |
| Q4 25 | $17.6B | $3.1B | ||
| Q3 25 | $17.7B | $3.0B | ||
| Q2 25 | $17.6B | $2.8B | ||
| Q1 25 | $18.4B | $2.6B | ||
| Q4 24 | $20.0B | $2.4B | ||
| Q3 24 | $20.3B | $2.2B | ||
| Q2 24 | $20.3B | $2.2B | ||
| Q1 24 | $20.2B | $2.1B |
| Q4 25 | 1.16× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 1.07× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $346.5M | $194.0M |
| Free Cash FlowOCF − Capex | $280.2M | $178.0M |
| FCF MarginFCF / Revenue | 12.0% | 10.9% |
| Capex IntensityCapex / Revenue | 2.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.44× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $635.5M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $346.5M | $194.0M | ||
| Q3 25 | $-10.6M | $165.0M | ||
| Q2 25 | $393.9M | $223.0M | ||
| Q1 25 | $239.4M | $79.0M | ||
| Q4 24 | $404.2M | $147.0M | ||
| Q3 24 | $172.9M | $109.0M | ||
| Q2 24 | $428.1M | $124.0M | ||
| Q1 24 | $406.5M | $-20.0M |
| Q4 25 | $280.2M | $178.0M | ||
| Q3 25 | $-94.9M | $153.0M | ||
| Q2 25 | $298.9M | $208.0M | ||
| Q1 25 | $151.3M | $69.0M | ||
| Q4 24 | $317.2M | $134.0M | ||
| Q3 24 | $49.2M | $97.0M | ||
| Q2 24 | $297.5M | $108.0M | ||
| Q1 24 | $249.6M | $-33.0M |
| Q4 25 | 12.0% | 10.9% | ||
| Q3 25 | -4.5% | 9.4% | ||
| Q2 25 | 13.9% | 13.4% | ||
| Q1 25 | 6.9% | 5.2% | ||
| Q4 24 | 14.0% | 10.0% | ||
| Q3 24 | 2.3% | 7.4% | ||
| Q2 24 | 13.5% | 8.7% | ||
| Q1 24 | 11.2% | -3.1% |
| Q4 25 | 2.8% | 1.0% | ||
| Q3 25 | 4.0% | 0.7% | ||
| Q2 25 | 4.4% | 1.0% | ||
| Q1 25 | 4.0% | 0.7% | ||
| Q4 24 | 3.8% | 1.0% | ||
| Q3 24 | 5.8% | 0.9% | ||
| Q2 24 | 5.9% | 1.3% | ||
| Q1 24 | 7.0% | 1.2% |
| Q4 25 | 1.44× | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | 0.93× | 1.95× | ||
| Q2 24 | 1.75× | 8.86× | ||
| Q1 24 | 3.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
