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Side-by-side financial comparison of SCOTTS MIRACLE-GRO CO (SMG) and VNET Group, Inc. (VNET). 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 $362.7M, roughly 4.0× VNET Group, Inc.). SCOTTS MIRACLE-GRO CO runs the higher net margin — 16.3% vs -10.7%, a 27.0% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 10.2%).

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.

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

SMG vs VNET — Head-to-Head

Bigger by revenue
SMG
SMG
4.0× larger
SMG
$1.5B
$362.7M
VNET
Higher net margin
SMG
SMG
27.0% more per $
SMG
16.3%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
10.2%
SMG

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
SMG
SMG
VNET
VNET
Revenue
$1.5B
$362.7M
Net Profit
$238.6M
$-38.7M
Gross Margin
41.8%
20.9%
Operating Margin
27.5%
0.5%
Net Margin
16.3%
-10.7%
Revenue YoY
-16.9%
Net Profit YoY
61.2%
EPS (diluted)
$-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
SMG
SMG
VNET
VNET
Q1 26
$1.5B
Q4 25
$354.4M
Q3 25
$387.3M
$362.7M
Q2 25
$1.2B
Q1 25
$1.4B
$309.5M
Q4 24
$416.8M
Q3 24
$414.7M
$302.2M
Q2 24
$1.2B
$274.4M
Net Profit
SMG
SMG
VNET
VNET
Q1 26
$238.6M
Q4 25
$-125.0M
Q3 25
$-38.7M
Q2 25
$149.1M
Q1 25
$217.5M
$-2.4M
Q4 24
$-69.5M
Q3 24
$-2.1M
Q2 24
$132.1M
$-1.1M
Gross Margin
SMG
SMG
VNET
VNET
Q1 26
41.8%
Q4 25
25.0%
Q3 25
6.1%
20.9%
Q2 25
31.8%
Q1 25
38.6%
25.2%
Q4 24
22.7%
Q3 24
-7.1%
23.2%
Q2 24
29.5%
21.3%
Operating Margin
SMG
SMG
VNET
VNET
Q1 26
27.5%
Q4 25
-6.2%
Q3 25
-38.8%
0.5%
Q2 25
18.1%
Q1 25
24.3%
0.1%
Q4 24
-12.2%
Q3 24
-52.1%
24.5%
Q2 24
16.6%
0.2%
Net Margin
SMG
SMG
VNET
VNET
Q1 26
16.3%
Q4 25
-35.3%
Q3 25
-10.7%
Q2 25
12.6%
Q1 25
15.3%
-0.8%
Q4 24
-16.7%
Q3 24
-0.7%
Q2 24
11.0%
-0.4%
EPS (diluted)
SMG
SMG
VNET
VNET
Q1 26
$-2.00
Q4 25
$-2.16
Q3 25
$-2.58
Q2 25
$2.54
Q1 25
$3.72
Q4 24
$-1.21
Q3 24
$-4.21
Q2 24
$2.28

Balance Sheet & Financial Strength

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

Metric
SMG
SMG
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$6.2M
$492.1M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$890.8M
Total Assets
$3.4B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMG
SMG
VNET
VNET
Q1 26
$6.2M
Q4 25
$8.3M
Q3 25
$36.6M
$492.1M
Q2 25
$51.1M
Q1 25
$16.9M
$544.3M
Q4 24
$9.8M
Q3 24
$71.6M
$219.5M
Q2 24
$279.9M
$247.2M
Total Debt
SMG
SMG
VNET
VNET
Q1 26
$2.3B
Q4 25
Q3 25
$2.1B
Q2 25
Q1 25
Q4 24
Q3 24
$2.2B
$1.2B
Q2 24
Stockholders' Equity
SMG
SMG
VNET
VNET
Q1 26
Q4 25
$-500.6M
Q3 25
$-357.5M
$890.8M
Q2 25
$-170.9M
Q1 25
$-290.1M
$927.8M
Q4 24
$-479.5M
Q3 24
$-390.6M
$902.9M
Q2 24
$-146.2M
$900.6M
Total Assets
SMG
SMG
VNET
VNET
Q1 26
$3.4B
Q4 25
$3.0B
Q3 25
$2.7B
$6.1B
Q2 25
$3.1B
Q1 25
$3.5B
$5.4B
Q4 24
$3.2B
Q3 24
$2.9B
$4.3B
Q2 24
$3.5B
$4.0B
Debt / Equity
SMG
SMG
VNET
VNET
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
SMG
SMG
VNET
VNET
Operating Cash FlowLast quarter
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
84.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMG
SMG
VNET
VNET
Q1 26
Q4 25
$-370.4M
Q3 25
$174.1M
$113.8M
Q2 25
$454.4M
Q1 25
$188.1M
$27.0M
Q4 24
$-445.3M
Q3 24
$118.5M
$108.3M
Q2 24
$588.0M
$55.8M
Free Cash Flow
SMG
SMG
VNET
VNET
Q1 26
Q4 25
$-390.4M
Q3 25
$131.2M
$-193.1M
Q2 25
$437.5M
Q1 25
$179.8M
$-220.0M
Q4 24
$-474.6M
Q3 24
$101.9M
$-95.0M
Q2 24
$574.8M
$-81.6M
FCF Margin
SMG
SMG
VNET
VNET
Q1 26
Q4 25
-110.2%
Q3 25
33.9%
-53.2%
Q2 25
36.8%
Q1 25
12.7%
-71.1%
Q4 24
-113.9%
Q3 24
24.6%
-31.4%
Q2 24
47.8%
-29.8%
Capex Intensity
SMG
SMG
VNET
VNET
Q1 26
Q4 25
5.6%
Q3 25
11.1%
84.6%
Q2 25
1.4%
Q1 25
0.6%
79.8%
Q4 24
7.0%
Q3 24
4.0%
67.3%
Q2 24
1.1%
50.1%
Cash Conversion
SMG
SMG
VNET
VNET
Q1 26
Q4 25
Q3 25
Q2 25
3.05×
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
4.45×

Financial Flow Comparison

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

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