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Amcor plc (AMCR)

Amcor develops and produces primary packaging across a variety of materials for nutrition, health, beauty and wellness categories, making flexible packaging, rigid packaging, cartons and closures. In fiscal 2026 approximately 75,000 people worked across operations spanning approximately 400 locations in more than 40 countries. The financial year ended on 30 June, though in May 2026 the board approved a change of year end to 31 December, effective for the period beginning 1 July 2026. On 14 January 2026 the company effected a one-for-five reverse stock split, raising the par value of its ordinary shares and reducing the authorised share count, with prior period share and per share amounts restated.

Amcor plc

Amcor develops and produces primary packaging across a variety of materials for nutrition, health, beauty and wellness categories, making flexible packaging, rigid packaging, cartons and closures. In fiscal 2026 approximately 75,000 people worked across operations spanning approximately 400 locations in more than 40 countries. The financial year ended on 30 June, though in May 2026 the board approved a change of year end to 31 December, effective for the period beginning 1 July 2026. On 14 January 2026 the company effected a one-for-five reverse stock split, raising the par value of its ordinary shares and reducing the authorised share count, with prior period share and per share amounts restated.

The two segments

Reporting runs through Global Flexible Packaging Solutions and Global Rigid Packaging Solutions. In the third quarter of fiscal 2026 certain flexible operations in Latin America moved from the flexible segment into the rigid segment, after management of flexible and rigid operations in Latin America was consolidated under one team and the chief operating decision maker began reviewing results on that basis, with prior periods recast. Flexible packaging is the larger of the two by sales. Both segments gained substantially from the Berry merger during the year, and both saw volumes fall slightly excluding that effect, with the flexible business helped by favourable price and mix and the rigid business held back by price and mix.

The Berry merger

On 19 November 2024 Amcor agreed to merge with Berry Global Group, and on 30 April 2025 it completed the transaction, acquiring all of Berry's ownership interest and assuming Berry debt. It issued approximately 846 million ordinary shares to Berry shareholders, measured before the reverse split, and repaid certain Berry indebtedness using proceeds from long-term debt issued in March 2025. Restructuring and integration under what the company calls the Berry Plan began in the fourth quarter of fiscal 2025, aimed at integrating the combined organisation, and it targets pre-tax synergies from procurement, supply chain and administrative savings, financial synergies and earnings benefits from growth synergies by 30 June 2028, the date by which the plan is expected to be complete. During fiscal 2026 the company incurred employee related expenses, other restructuring activities, restructuring related expenses and fixed asset items across both segments and Corporate, along with integration costs.

Reshaping the portfolio

In August 2025 Amcor announced a review of strategic alternatives to raise the value of its portfolio and identified businesses, including its North American Beverage business, as less aligned with core attributes such as growth and margin profile, industry structure, and scale and position. Possible actions named include restructuring, partnership and joint venture ownership models, cash sales or a combination. In fiscal 2026 it sold four of the businesses identified in the review and also sold its investment in ePac. The review continues without a set deadline or definitive timetable.

Conditions and currency

Market conditions through fiscal 2026 were challenging, with softer consumer demand, customer order volatility in certain markets and cost pressure including labour costs, which the company attributes to geopolitical tensions and conflicts, volatility in United States and global tariff frameworks and persistent inflation. Escalating conflict in the Middle East disrupted energy markets from the third quarter, raising the cost of certain raw materials used in manufacturing and transport and adding to logistics disruption and supply-chain risk, particularly in Asia, though the company generally sources and manufactures in the local markets where it sells and has no operations in the Middle East. Its response has been price and cost actions to offset inflation and alignment of the cost base to conditions. Argentine subsidiaries have been accounted for under highly inflationary rules since July 2018, reporting in United States dollars rather than the peso, through a roughly 55% devaluation after the election in the second quarter of fiscal 2024, the lifting of capital controls and a currency band in April 2025 that brought a further devaluation of approximately 10%, and a new phase of the central bank's economic programme announced in December 2025; those operations were less than 1% of total assets at 30 June 2026.

From Amcor's annual report on Form 10-K for the year ended 30 June 2026, written from the management discussion and analysis; the filing carries no Item 1 business section that could be located by name. The filing

Compare with another name What $10,000 in Amcor became

Latest results

Latest quarterQ1 FY2027ended 30 September 2026 · 10-Q filed 5 November 2026
Revenue
$6.1 billion
+6.7% on the year · -4.2% on the quarter
Q2 FY2025Q1 FY2027
Net income
$242 million
-7.6% on the year · -37.8% on the quarter
Q2 FY2025Q1 FY2027
Diluted EPS
$0.52
-8.0% on the year · -37.3% on the quarter
Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2026ended 30 June 2026 · 10-K filed 14 August 2026
Revenue
$23.5 billion
+56.6% on the year
FY2019FY2026
Net income
$1.1 billion
+116.4% on the year
FY2019FY2026
Diluted EPS
$2.38
+48.7% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The years before, in wordsAmcor (AMCR) reported revenue of $23.5 billion for fiscal 2026, the year ended 30 June 2026, up 56.6% on the year before. Net income was $1.1 billion and diluted earnings per share $2.38. Revenue was $15.0 billion in fiscal 2025, $13.6 billion in fiscal 2024, $14.7 billion in fiscal 2023 and $14.5 billion in fiscal 2022. Net income in the same years was $511 million, $730 million, $1.0 billion and $805 million. Over the twelve months to 30 September 2026, Amcor reported revenue of $23.9 billion and net income of $1.1 billion. Revenue grew 12.8% a year, compounded, over the five years to fiscal 2026. Amcor declared $2.60 a share in dividends over the last four quarters and had 462 million shares outstanding at the latest filed count. At 30 September 2026 it carried $14.8 billion of debt and $832 million of cash. At the close of 6 November 2026 the market cap of Amcor was $20.7 billion, 19.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.3%
ROCE7.1%
Operating margin7.9%
Net margin4.5%
FCF margin3.2%
Interest cover2.8x
Debt to equity1.27x
Cash conversion1.62x
Share count, last 12 months0.1%
Sales CAGR, 3 years17.0%
Profit CAGR, 3 years1.8%
EPS, TTM$2.33

At the close of 6 November 2026

Price$44.87
Market cap$20.7 billion
Stock P/E19.3x
Price to book1.8x
EV / EBITDA10.4x
Dividend yield5.8%
Market cap / sales0.87x
52-week high$50.58
52-week low$36.69
Price, 1 year9.2%
Price CAGR, 3 years-0.3%
Price CAGR, 5 years-5.9%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Amcor plc's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
AMCRgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue3,5073,7083,9093,7123,6423,6673,6733,4433,2513,4113,5353,3533,2413,3335,0825,7455,4495,9146,3986,129
Cost of revenue2,8622,9773,1153,0442,9802,9942,9512,7982,6302,7192,7812,6942,6152,679n/a4,6214,4104,7245,0614,970
Gross profit6457317946686626737226456216927546596266548951,1241,0391,1901,3371,159
Gross margin18%20%20%18%18%18%20%19%19%20%21%20%19%20%18%20%19%20%21%19%
R&D23.024.024.025.024.027.025.027.028.025.026.028.027.027.0n/a46.038.044.042.041.0
SG&A303326342302298317329302299330329276255266n/a435440488568468
Operating income322369252342559282325270242307395312297313n/a461331461646454
Operating margin9%10%6%9%15%8%9%8%7%9%11%9%9%9%n/a8%6%8%10%7%
Interest expense39.036.044.059.079.086.066.085.089.089.085.086.081.085.0144168169170169166
Pre-tax income290343216292494213252194165230318236224237n/a309178310485299
Tax rate21%21%48%20%7%16%27%20%17%17%18%18%26%17%n/a16%2%10%20%19%
Net income225269109232459177180152134187257191163196-39.0262177278389242
Net margin6%7%3%6%13%5%5%4%4%5%7%6%5%6%-1%5%3%5%6%4%
Diluted EPS$0.74$0.89$0.36$0.78$1.53$0.59$0.61$0.53$0.46$0.65$0.89 basic$0.66$0.56$0.68-$0.10 basic$0.56$0.38$0.60$0.83$0.52
Operating cash flow435266937-260405184932-135363150943-269428117n/a-1335031861,595-527
Capital expenditure11011815415298.013214412412111313414598.0117n/a238221228235301
Free cash flow325148783-41230752.0788-25924237.0809-4143300.0n/a-371282-42.01,360-828
Buybacks2311281780.040.016023230.00.00.00.00.00.00.0n/an/an/an/an/an/a
Dividends paid185182182181184180178176185181180180186184n/a294300300301300
Shares outstanding303m301m298m298m297m294m290m289m289m289m461m289m289m289m461m462m462m462m462m462m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025FY2026TTM
Revenue9,1019,3199,45812,46812,86114,54414,69413,64015,00923,50623,890
Cost of revenue7,1897,4627,6599,93210,12911,72411,96910,92812,17518,81619,165
Gross profit1,9121,8571,7992,5362,7322,8202,7252,7122,8344,6904,725
Gross margin21.0%19.9%19.0%20.3%21.2%19.4%18.5%19.9%18.9%20.0%19.8%
Research and development69.172.764.097.010096.0101106120170165
Selling, general and administrative8507939991,3851,2921,2841,0861,0931,2051,9311,964
Operating income9169947929941,3211,2391,5081,2141,0091,8991,892
Operating margin10.1%10.7%8.4%8.0%10.3%8.5%10.3%8.9%6.7%8.1%7.9%
Interest expense191210208207153159290348396676674
Pre-tax income7167236048251,1931,1151,2519076501,2821,272
Income tax149119172187261300193163135181190
Effective tax rate20.8%16.4%28.5%22.6%21.9%26.9%15.4%18.0%20.8%14.1%14.9%
Net income5645754306129398051,0487305111,1061,086
Net margin6.2%6.2%4.5%4.9%7.3%5.5%7.1%5.4%3.4%4.7%4.5%
Diluted EPS$2.40$2.45$1.80$1.91$3.01$2.65$3.52$2.52$1.60$2.38$2.33
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2017 to FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
Global Flexible Packaging Solutions6,2246,5326,5659,75210,03811,15111,1549,48610,06612,82954.6%
Global Rigid Packaging Solutions2,8772,7882,8932,7162,8233,3933,5404,1544,94310,67745.4%
Other0.00.00.00.00.00.00.0n/an/an/an/a
Global Flexible Packaging SolutionsGlobal Rigid Packaging Solutions
9.3FY201812.5FY202014.5FY202213.6FY202423.5FY2026

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2017 to FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
North America3,1623,0463,2825,8566,0386,9527,1566,6037,19411,72549.9%
Europe3,5143,8283,7133,6653,8284,0623,9523,5074,3217,84133.4%
Asia Pacific1,3911,3831,3591,4931,5771,7331,6771,6171,7042,0608.8%
Latin America1,0341,0621,1041,4541,4181,7971,9091,9131,7901,8808.0%
North AmericaEuropeAsia PacificLatin America
9.3FY201812.5FY202014.5FY202213.6FY202423.5FY2026

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025FY2026TTM
Operating cash flow9098717761,3841,4611,5261,2611,3211,3902,1511,757
Capital expenditure379365332400468527526492580922985
Free cash flow5305064449859939997358298101,229772
Free cash flow margin5.8%5.4%4.7%7.9%7.7%6.9%5.0%6.1%5.4%5.2%3.2%
Cash from investing-632-24210.038.0-233-527-309-476-2,102-524-599
Cash from financing-223-543-765-1,236-1,179-891-1,025-857910-1,343-1,162
Depreciation and amortisation3743574536525746255865957221,4791,450
Share-based compensation26.521.019.034.058.063.054.032.074.083.085.0
Buybacksn/a0.00.053735160143230.00.01.0n/a
Dividends paid4895276807617427327237228451,1951,201
Dividend per share$2.10$2.25$2.90$2.33$2.34$2.39$2.44$2.49$2.54$2.59n/a
Diluted shares, weighted233m232m237m320m311m303m295m288m319m464m465m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a462m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025FY2026TTM
Funded by
Shareholders' equity5886275,6094,6264,7644,0824,0263,88111,72811,79011,732
Non-controlling interestn/a68.865.761.057.059.064.072.012.011.011.0
Debtn/a4,8486,1036,2346,2896,4906,7466,69914,09814,01214,843
Operating lease liabilitiesn/an/a0.0466462493463488910852819
Finance lease liabilitiesn/an/an/a31.030.052.040.032.041.031.0n/a
Other liabilitiesn/a3,5145,3875,0245,5866,2505,6645,35210,27710,3999,447
Total liabilities and equityn/a9,05817,16516,44217,18817,42617,00316,52437,06637,09536,852
Owned
Fixed assetsn/a2,6983,9753,6153,7613,646n/an/an/an/an/a
Goodwill2,0602,0575,1565,3395,4195,2855,3665,34511,27612,07512,060
Intangible assetsn/a3252,3071,9941,8351,6571,5241,3917,4036,5886,448
Cash and equivalents5626216027438507756895888271,115832
Receivablesn/a1,3791,8641,6161,8641,9351,8751,8463,4263,6393,752
Inventoryn/a1,3591,9541,8321,9912,439n/an/an/an/an/a
Other assetsn/a6191,3081,3031,4681,6897,5497,35414,13413,67813,760
Total assetsn/a9,05817,16516,44217,18817,42617,00316,52437,06637,09536,852
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a12.8%17.0%37.3%
Profit growth, compoundedn/a3.3%1.8%86.6%
Return on equity, average30.7%15.7%10.8%9.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Amcor's revenue in fiscal 2026?

Amcor (AMCR) reported revenue of $23.5 billion for fiscal 2026, the year ended 30 June 2026, up 56.6% on the year before.

How much did Amcor earn in fiscal 2026?

Net income was $1.1 billion for fiscal 2026, and diluted earnings per share $2.38.

What is Amcor's P/E ratio?

At the close of 6 November 2026, Amcor traded at 19.3 times its earnings over the twelve months to 30 September 2026.

What is Amcor's market cap?

The market cap of Amcor was $20.7 billion at the close of 6 November 2026.

Does Amcor pay a dividend?

Yes. Amcor declared $2.60 a share in dividends over the four quarters to 30 September 2026.

Peers: Other

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Waste Management Inc. WM$94.0 billion31.0231.1%18.4%5.2%2.371.5%
Republic Services, Inc. RSG$75.2 billion34.1518.2%20.0%4.5%1.141.0%
Waste Connections, Inc. WCN$47.3 billion42.2814.4%17.7%6.3%1.200.7%
Amcor plc AMCR$20.7 billion19.269.3%7.9%37.3%1.275.8%
Clean Harbors Inc. CLH$15.0 billion28.5416.9%13.2%10.1%0.93n/a
AES Corp. AES$10.6 billion5.9831.3%n/a12.2%5.824.7%
Casella Waste Systems Inc. CWST$6.3 billion1,091.670.4%3.4%13.6%0.85n/a
Brady Corp. BRC$3.7 billion18.3115.1%15.9%9.8%0.01n/a
Oil-Dri Corp. of America ODC$1.0 billion18.0119.1%13.8%1.7%0.131.2%
Daktronics Inc. DAKT$933 million19.7915.2%7.3%14.0%0.03n/a
Enviri Corp. NVRI$671 millionn/an/an/an/a0.60n/a
Perma FIX Environmental Services Inc. PESI$298 millionn/a-41.3%-36.2%-4.9%0.03n/a
3 companies share its SEC industry code (Miscellaneous Manufacturing Industries); the rest are the names nearest in size in its wider industry, Other, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on AMCR

Dividends$2.60 a share over the four quarters to 30 September 2026, a 5.79% yield
Filings23 in twelve months: 12 current reports (8-K), about 4 results of operations; 3 other events; 2 charter or bylaw amendment, or fiscal year change; 2 material agreement; 2 new financial obligation
Planned insider sales4 Form 144 notices in twelve months, $1.6 million; latest 6 February 2026
Options tapeput/call 0.34 by open interest at the 6 November 2026 close; the straddle prices a 4.8% move to 20 November 2026
13F holders710 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading3 sales and 6 purchases on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest23.5 million shares short, 7.91 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20265 November 2026EDGAR
10-K30 June 202614 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-Q31 December 20254 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-K30 June 202515 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-Q31 December 20245 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-K30 June 202416 August 2024EDGAR

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