Reynolds Consumer Products (REYN) FY2025 results: revenue $3.7 billion, up 0.7% on the year
Reynolds Consumer Products Inc. (REYN) reported revenue of $3.7 billion for fiscal 2025, the year ended 31 December 2025, up 0.7% on the year before. Net income was $301 million, down 14.5%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2026.
Revenue
$3.7 billion
+0.7% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$301 million
-14.5% on the year
FY2018FY2025
Diluted EPS
$1.43
-14.4% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 11 new.
Full-year net revenues rose slightly: Full-year 2025 net revenues were $3,721 million against $3,695 million, up about 0.7%. Retail net revenues fell to $3,481 million from $3,518 million; non-retail revenues rose to $240 million from $177 million.
Fourth-quarter Adjusted EBITDA increased: Q4 Adjusted EBITDA was $220 million, up $7 million from $213 million, reflecting pricing to recover input costs, productivity gains and lower SG&A expense.
Full-year Adjusted EBITDA declined: Full-year Adjusted EBITDA was $667 million against $678 million. Management cited lower retail volume, including retailer destocking and foam, and higher operational costs, partly offset by pricing and lower SG&A.
Results set against October guidance: The October 2025 release guided full-year 2025 net revenues flat to down 1%, Adjusted EBITDA of $655 million to $665 million, and adjusted EPS of $1.60 to $1.64. Reported results were up about 0.7%, $667 million and $1.64.
Presto Products reached record sales: Presto Products Q4 net revenues rose $14 million to a record $168 million. Adjusted EBITDA increased $5 million to a record $36 million, driven by retail volume growth.
$ million except per share. 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.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
477
489
644
-2.5%
Capital expenditure
161
120
104
+34.2%
Free cash flow
316
369
540
-14.4%
Free cash flow margin
8.5%
10.0%
14.4%
Cash from investing
-161
-120
-110
Cash from financing
-306
-346
-457
Depreciation and amortisation
135
129
124
+4.7%
Share-based compensation
21.0
19.0
14.0
+10.5%
Dividends paid
192
192
192
0.0%
Dividend per share
$0.92
$0.92
$0.92
0.0%
Diluted shares, weighted
210m
210m
210m
0.0%
Shares outstanding at period end
210m
210m
210m
+0.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
2,253
2,142
1,983
+5.2%
Debt
1,586
1,686
1,832
-5.9%
Operating lease liabilities
81.0
73.0
42.0
+11.0%
Finance lease liabilities
13.0
14.0
15.0
-7.1%
Other liabilities
1,003
958
908
+4.7%
Total liabilities and equity
4,936
4,873
4,780
+1.3%
Fixed assets
823
758
732
+8.6%
Goodwill
1,895
1,895
1,895
0.0%
Intangible assets
943
972
1,001
-3.0%
Cash and equivalents
147
137
115
+7.3%
Receivables
355
337
347
+5.3%
Inventory
584
567
524
+3.0%
Other assets
189
207
166
-8.7%
Total assets
4,936
4,873
4,780
+1.3%
10-K for the year ended 31 December 2025, filed 4 February 2026: the filing.