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Sonoco Products Co. (SON)

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Sonoco Products Co. (SON) reported revenue of $1.9 billion for Q2 FY2026, the quarter ended 28 June 2026, down 1.3% on the same quarter a year earlier. Net income was $105 million, down 78.7% on the year, and diluted earnings per share $1.05. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue$1.9 billiondown 1.3%
Net income$105 milliondown 78.7%
Diluted EPS$1.05
QuarterQ2 FY2026ended 28 June 2026

Sonoco Products (SON) in brief

Sonoco Products (SON) reported revenue of $7.5 billion for fiscal 2025, the year ended 31 December 2025, up 41.7% on the year before.
Read moreNet income was $1.0 billion and diluted earnings per share $10.07. Revenue was $5.3 billion in fiscal 2024, $5.4 billion in fiscal 2023, $5.9 billion in fiscal 2022 and $5.7 billion in fiscal 2021. Net income in the same years was $164 million, $475 million, $466 million and a loss of $85 million. Over the twelve months to 28 June 2026, Sonoco Products reported revenue of $7.5 billion and net income of $628 million. Revenue grew 7.0% a year, compounded, over the five years to fiscal 2025. Sonoco Products declared $2.11 a share in dividends over the last four quarters and had 99 million shares outstanding at the latest filed count. At 28 June 2026 it carried $3.5 billion of debt and $169 million of cash. At the close of 8 October 2026 the market cap of Sonoco Products was $4.8 billion, 7.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE17.5%
ROCE14.7%
Operating margin13.9%
Net margin8.4%
FCF margin4.8%
Interest cover5.10
Debt to equity0.97
Cash conversion1.02
Share count, 1 year0.2%
Sales CAGR, 3 years8.7%
Profit CAGR, 3 years29.1%
EPS, TTM$6.29

At the close of 8 October 2026

Price$48.40
Market cap$4.8 billion
Stock P/E7.69
Price to book1.34
EV / EBITDA5.19
Dividend yield4.4%
Market cap / sales0.64
52-week high$60.56
52-week low$39.27
Price, 1 year13.6%
Price CAGR, 3 years-3.6%
Price CAGR, 5 years-4.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Sonoco Products Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SONgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay 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.

The public record on SON

Filings24 in twelve months: 14 current reports (8-K), about 5 regulation fd disclosure; 4 results of operations; 4 officer or director change; 2 material agreement; 2 new financial obligation
Planned insider sales3 Form 144 notices in twelve months, $497,165; latest 29 July 2026
Options tapeput/call 0.8 by open interest at the 8 October 2026 close; the straddle prices a 4.4% move to 16 October 2026
13F holders5 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 9 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.9 million shares short, 8.42 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,3811,3361,3091,2791,3551,3631,7091,9102,1311,7681,6761,885
Cost of revenue1,3461,2961,0379941,0551,0801,3561,5041,6641,4211,3311,493
Gross profit308288271285300283354406467347346392
Gross margin22%22%21%22%22%21%21%21%22%20%21%21%
SG&A183200168176160220209219221213202200
Operating income16313572.695.810256.1127176195520127193
Operating margin12%10%6%7%8%4%7%9%9%29%8%10%
Interest expense32.835.331.229.661.650.156.064.461.251.844.545.5
Pre-tax income16710342.271.944.1-94.868.510612846376.4142
Tax rate24%22%19%23%35%n/a31%37%6%25%12%28%
Net income13181.265.290.850.9-43.054.449312333267.6105
Net margin9%6%5%7%4%-3%3%26%6%19%4%6%
Diluted EPS$1.32$0.82$0.66$0.92$0.51-$0.44$0.55$4.96$1.23$3.33$0.68$1.05
Operating cash flow268266166109162396-208193292413-368301
Capital expenditure93.210886.593.291.612292.794.865.990.662.163.7
Free cash flow17515879.816.070.5274-30198.6226322-430237
Buybacks0.00.09.10.00.00.110.60.00.00.37.00.1
Dividends paid49.849.950.151.251.151.151.352.352.252.352.453.4
Shares outstanding98m98m98m98m98m98m99m99m99m99m99m99m
Filing10-K10-K10-K10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-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 diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue5,1335,0794,8935,1885,5315,5015,3495,7205,8595,4415,3057,5197,461
Cost of revenue4,1094,0353,8374,0784,3504,3164,1914,5294,6344,2394,1665,9445,909
Gross profit9089299469591,0411,0581,0461,0621,2251,2031,1391,5741,552
Gross margin17.7%18.3%19.3%18.5%18.8%19.2%19.6%18.6%20.9%22.1%21.5%20.9%20.8%
Research and development24.222.122.521.023.223.322.024.123.123.923.021.5n/a
Selling, general and administrative507496503508563531528558610645724862836
Operating income3783835054124384673584875635893271,0181,035
Operating margin7.4%7.5%10.3%7.9%7.9%8.5%6.7%8.5%9.6%10.8%6.2%13.5%13.9%
Interest expense55.157.054.257.263.166.875.064.0102137173233203
Pre-tax income326328441315379381256-16146048963.5765809
Income tax10987.716514775.093.353.0-67.495.71205.5184172
Effective tax rate33.4%26.8%37.3%46.6%19.8%24.5%20.7%n/a20.8%24.5%8.7%24.0%21.2%
Net income226250286175314292207-85.54664751641,003628
Net margin4.4%4.9%5.9%3.4%5.7%5.3%3.9%-1.5%8.0%8.7%3.1%13.3%8.4%
Diluted EPS$2.19$2.44$2.81$1.74$3.10$2.88$2.05-$0.86$4.72$4.80$1.65$10.07$6.29
Filing10-K10-K10-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 region

FY2023FY2024FY2025Share
latest year
United States3,7013,5703,61548.1%
EMEA8859563,20742.7%
Other4103563424.6%
APAC3293112503.3%
Canada1161131041.4%
United StatesEMEAOtherAPACCanada
5,441FY20235,305FY20247,519FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA 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 and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow418453399348590426706299509883834690637
Capital expenditure177192187189193196194256329363393344282
Free cash flow24126121215939723051142.7180520441346355
Free cash flow margin4.7%5.1%4.3%3.1%7.2%4.2%9.6%0.7%3.1%9.6%8.3%4.6%4.8%
Cash from investing-507-180-3.1-566-444-479-126-166-1,741-619-4,1062,196418
Cash from financing39.5-256-316203-27477.2-163-5141,294-3523,668-2,987-1,203
Depreciation and amortisation199213205218236239261245309341375519525
Share-based compensation17.19.319.313.510.714.310.622.631.327.829.718.020.0
Buybacks87.87.91076.314.69.68.52184.510.69.210.97.4
Dividends paid129138146153161170173179187197203208210
Dividend per share$1.27$1.37$1.46$1.54$1.62$1.70$1.72$1.80$1.92$2.02$2.07$2.11n/a
Diluted shares, weighted103m102m102m101m101m101m101m100m99m99m99m100m100m
Shares outstanding at period end101m101m99m99m100m100m100m97m98m98m98m99m99m
Filing10-K10-K10-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 at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity1,4881,5131,5321,7071,7591,8031,9001,8372,0662,4242,2723,6143,581
Non-controlling interest15.719.922.323.013.213.010.912.17.07.514.618.017.5
Debt1,2531,1281,0531,4471,3851,1931,2441,1992,7202,9984,9853,7893,484
Operating lease liabilitiesn/an/an/an/an/a254262234251193259263259
Finance lease liabilitiesn/an/an/an/an/a22.333.353.383.955.345.341.941.0
Other liabilities1,4301,3591,3161,3801,4261,8411,8271,7371,9251,5144,9323,4363,591
Total liabilities and equity4,1874,0203,9234,5584,5835,1265,2775,0737,0537,19212,50811,16210,974
Owned
Fixed assets1,1491,1121,0601,1691,2341,2871,2441,2981,7101,6632,7192,7982,708
Goodwill1,1781,1401,0921,2421,3091,4291,3891,3251,6751,2982,5262,5122,464
Intangible assets2812452253313523883222787427272,5872,6832,533
Trading assets0.90.50.3n/an/an/an/an/an/an/an/an/an/a
Cash and equivalents161182257255120145565171227139431378169
Receivables6546286257257376986597568636869088431,011
Inventoryn/an/an/an/an/an/an/an/an/an/a1,0161,121n/a
Other assets7637126638358311,1781,0981,2471,8352,6792,3228272,089
Total assets4,1874,0203,9234,5584,5835,1265,2775,0737,0537,19212,50811,16210,974
Filing10-K10-K10-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, compounded4.0%7.0%8.7%17.7%
Profit growth, compounded14.9%37.0%29.1%12.9%
Return on equity, average14.6%14.5%18.2%27.8%
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.

Peers: Shipping Containers

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Smurfit Westrock plc SW$21.7 billion43.932.8%4.7%1.7%0.734.2%
Packaging Corp. of America PKG$20.5 billion29.8614.8%10.9%10.3%0.852.2%
Ball Corp. BALL$15.5 billion16.5416.5%n/a15.6%1.141.4%
Crown Holdings, Inc. CCK$11.8 billion15.6727.3%12.3%10.3%2.101.0%
Sonoco Products Co. SON$4.8 billion7.6917.5%13.9%17.7%0.974.4%
Silgan Holdings Inc. SLGN$3.8 billion14.0411.4%n/a8.4%2.042.2%
Graphic Packaging Holding Co. GPK$2.5 billion13.006.0%5.8%0.0%1.71n/a
Greif, Inc. GEFn/an/a11.2%11.0%-4.7%0.23n/a
3 companies share its SEC industry code (Paperboard Containers & Boxes); the rest are the names nearest in size in its wider industry, Shipping Containers, 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.

Filings

FilingPeriodFiledWhere
10-Q28 June 202628 July 2026EDGAR
10-Q29 March 202628 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q28 September 202529 October 2025EDGAR
10-Q29 June 202528 July 2025EDGAR
10-Q30 March 20252 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q29 September 20241 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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