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AMCRAmcor

Materials · Manufacturing · NYSE, OTC
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FY2026 at a glance

Sales up 56.6%, free cash flow up to $1.2B

XBRL, from each 10-K
$23.5B
from $15.0B in FY2025
FY2017FY2026
Net incomeStatements ↓
$1.1B
from $511.0M in FY2025
FY2017FY2026
Free cash flowStatements ↓
$1.2B
from $810.0M in FY2025
FY2017FY2026
EPS (diluted)Statements ↓
$2.38
from $1.60 in FY2025
FY2017FY2026
Operating marginStatements ↓
8.1%
from 6.7% in FY2025
FY2017FY2026
Total debtStatements ↓
$14.0B
from $14.1B in FY2025
FY2017FY2026
Price and key numbers

The latest figures

All key numbers (42, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)2.33Sales (ttm)23.9BNet income (ttm)1.1BSales growth+56.6%EPS growth+48.7%Sales Q/Q+6.7%
Free cash flow772.0MGross margin19.8%Oper. margin7.9%Net margin4.5%FCF margin3.2%ROE9.3%
ROA2.9%R&D / sales0.7%Dividend2.59Debt/Eq1.27Curr. ratio1.40Cash832.0M
Op. cash flow (ttm)1.8BEBITDA3.4BEBITDA margin14.4%Net debt14.0BQuick ratio1.03Interest cover2.81
ROIC6.1%Payout ratio108.7%Tax rate14.1%Stock pay / sales0.4%Shares out.462.3MShares Y/Y-3.0%
Book / share25.37Cash / share1.80Sales / share51.67Asset turnover0.65Inventory turns7.71Days sales out.57
Sales 3Y CAGR+16.9%Sales 5Y CAGR+12.8%EPS 3Y CAGR-12.3%EPS 5Y CAGR-4.6%Employees75,000Sales / employee319K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Free cash flow rose 52%$810.0M → $1.2B · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth sped up to +56.6%+10.0% → +56.6% · Revenue FY2026 / revenue FY2025 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

AMCR against Materials peers

Ten years, side by side → · All 24 →
GrowthProfitBalanceCleanInsiders
AMCRPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 24 companies, the better end on the right. Hover a dot for the company.

Sales growth
+56.6%1st of 24 · median +4.4%
Net margin
4.5%16th of 24 · median 8.4%
Return on equity
9.3%17th of 24 · median 13.1%
Free cash flow margin
3.2%20th of 24 · median 6.8%
Debt / equity (less is better)
1.2719th of 24 · median 0.76
AMCR and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
AMCR Amcor$23.9B +56.6%19.8%4.5%9.3%3.2%1.27
NEM Newmont$26.6B +21.3%-34.7%25.9%37.9%0.14
FCX Freeport-McMoRan$26.4B +1.8%-13.0%16.4%6.5%0.45
SHW Sherwin-Williams$24.9B +2.1%48.6%10.7%67.3%12.4%2.97
IP International Paper$24.2B +49.3%29.8%-14.3%-26.3%0.3%0.74
STLD Steel Dynamics$22.2B +3.6%15.9%8.8%19.9%4.9%0.43
Where each dollar goes

From $14.5B of sales to $805.0M of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $2.8BRevenue to Cost of revenue: $11.7BGross profit to Operating profit: $1.2BGross profit to Operating expenses: $1.6BOperating profit to Net profit: $805.0MOperating profit to Tax & other: $434.0MOperating expenses to R&D: $96.0MOperating expenses to Sales, admin & other: $1.5B Revenue: $14.5B Revenue$14.5B +13% Y/Y Gross profit: $2.8B · 19% margin Gross profit$2.8B19% margin +3% Y/Y Cost of revenue: $11.7B · 81% of revenue Cost of revenue$11.7B81% of revenue Operating profit: $1.2B · 9% margin Operating profit$1.2B9% margin −6% Y/Y Operating expenses: $1.6B · 11% of revenue Operating expenses$1.6B11% of revenue Net profit: $805.0M · 6% margin Net profit$805.0M6% margin −14% Y/Y Tax & other: $434.0M · 3% of revenue Tax & other$434.0M3% of revenue R&D: $96.0M · 1% of revenue R&D$96.0M1% of revenue Sales, admin & other: $1.5B · 10% of revenue Sales, admin & other$1.5B10% of revenue

Swipe sideways for the whole flow →

From $14.7B of sales to $1.0B of profit

FY2023, from the 10-K income statement and revenue by segment
Flexibles to Revenue: $11.2BRigid Packaging to Revenue: $3.5BRevenue to Gross profit: $2.7BRevenue to Cost of revenue: $12.0BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $1.2BOperating profit to Net profit: $1.0BOperating profit to Tax & other: $460.0MOperating expenses to R&D: $101.0MOperating expenses to SG&A: $1.1B Flexibles: $11.2B · 76% Flexibles$11.2B76% Rigid Packaging: $3.5B · 24% Rigid Packaging$3.5B24% Revenue: $14.7B Revenue$14.7B +1% Y/Y Gross profit: $2.7B · 19% margin Gross profit$2.7B19% margin −3% Y/Y Cost of revenue: $12.0B · 81% of revenue Cost of revenue$12.0B81% of revenue Operating profit: $1.5B · 10% margin Operating profit$1.5B10% margin +22% Y/Y Operating expenses: $1.2B · 8% of revenue Operating expenses$1.2B8% of revenue Net profit: $1.0B · 7% margin Net profit$1.0B7% margin +30% Y/Y Tax & other: $460.0M · 3% of revenue Tax & other$460.0M3% of revenue R&D: $101.0M · 1% of revenue R&D$101.0M1% of revenue SG&A: $1.1B · 8% of revenue SG&A$1.1B8% of revenue

Swipe sideways for the whole flow →

From $13.6B of sales to $730.0M of profit

FY2024, from the 10-K income statement and revenue by segment
Flexibles to Revenue: $9.5BRigid Packaging to Revenue: $4.2BRevenue to Gross profit: $2.7BRevenue to Cost of revenue: $10.9BGross profit to Operating profit: $1.2BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $730.0MOperating profit to Tax & other: $484.0MOperating expenses to R&D: $106.0MOperating expenses to Sales, admin & other: $1.4B Flexibles: $9.5B · 70% Flexibles$9.5B70% Rigid Packaging: $4.2B · 30% Rigid Packaging$4.2B30% Revenue: $13.6B Revenue$13.6B −7% Y/Y Gross profit: $2.7B · 20% margin Gross profit$2.7B20% margin +0% Y/Y Cost of revenue: $10.9B · 80% of revenue Cost of revenue$10.9B80% of revenue Operating profit: $1.2B · 9% margin Operating profit$1.2B9% margin −19% Y/Y Operating expenses: $1.5B · 11% of revenue Operating expenses$1.5B11% of revenue Net profit: $730.0M · 5% margin Net profit$730.0M5% margin −30% Y/Y Tax & other: $484.0M · 4% of revenue Tax & other$484.0M4% of revenue R&D: $106.0M · 1% of revenue R&D$106.0M1% of revenue Sales, admin & other: $1.4B · 10% of revenue Sales, admin & other$1.4B10% of revenue

Swipe sideways for the whole flow →

From $15.0B of sales to $511.0M of profit

FY2025, from the 10-K income statement and revenue by segment
Flexibles to Revenue: $10.1BRigid Packaging to Revenue: $4.9BRevenue to Gross profit: $2.8BRevenue to Cost of revenue: $12.2BGross profit to Operating profit: $1.0BGross profit to Operating expenses: $1.8BOperating profit to Net profit: $511.0MOperating profit to Tax & other: $498.0MOperating expenses to R&D: $120.0MOperating expenses to Sales, admin & other: $1.7B Flexibles: $10.1B · 67% Flexibles$10.1B67% Rigid Packaging: $4.9B · 33% Rigid Packaging$4.9B33% Revenue: $15.0B Revenue$15.0B +10% Y/Y Gross profit: $2.8B · 19% margin Gross profit$2.8B19% margin +4% Y/Y Cost of revenue: $12.2B · 81% of revenue Cost of revenue$12.2B81% of revenue Operating profit: $1.0B · 7% margin Operating profit$1.0B7% margin −17% Y/Y Operating expenses: $1.8B · 12% of revenue Operating expenses$1.8B12% of revenue Net profit: $511.0M · 3% margin Net profit$511.0M3% margin −30% Y/Y Tax & other: $498.0M · 3% of revenue Tax & other$498.0M3% of revenue R&D: $120.0M · 1% of revenue R&D$120.0M1% of revenue Sales, admin & other: $1.7B · 11% of revenue Sales, admin & other$1.7B11% of revenue

Swipe sideways for the whole flow →

From $23.5B of sales to $1.1B of profit

FY2026, from the 10-K income statement and revenue by segment
Flexibles to Revenue: $12.8BRigid Packaging to Revenue: $10.7BRevenue to Gross profit: $4.7BRevenue to Cost of revenue: $18.8BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $2.8BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $793.0MOperating expenses to R&D: $170.0MOperating expenses to Sales, admin & other: $2.6B Flexibles: $12.8B · 55% Flexibles$12.8B55% Rigid Packaging: $10.7B · 45% Rigid Packaging$10.7B45% Revenue: $23.5B Revenue$23.5B +57% Y/Y Gross profit: $4.7B · 20% margin Gross profit$4.7B20% margin +65% Y/Y Cost of revenue: $18.8B · 80% of revenue Cost of revenue$18.8B80% of revenue Operating profit: $1.9B · 8% margin Operating profit$1.9B8% margin +88% Y/Y Operating expenses: $2.8B · 12% of revenue Operating expenses$2.8B12% of revenue Net profit: $1.1B · 5% margin Net profit$1.1B5% margin +116% Y/Y Tax & other: $793.0M · 3% of revenue Tax & other$793.0M3% of revenue R&D: $170.0M · 1% of revenue R&D$170.0M1% of revenue Sales, admin & other: $2.6B · 11% of revenue Sales, admin & other$2.6B11% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2026
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

1 of 4
  • !
    Net margin below the peer median4.5% vs 8.4%
  • !
    Gross margin down over 5 years21.2% → 20.0%
  • !
    Return on equity below 15%9.3%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 6.2% → 4.7%

Balance sheet

1 of 4
  • !
    Interest covered less than 5 timesOperating income is 2.8× interest expense
  • !
    Debt larger than equityDebt / equity 1.27 on the latest balance sheet (peer median 0.76)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.40
  • !
    Net debt over 3 years of free cash flow$14.0B net debt, 18.1 years
Debt / equity at each year end, FY2017 to FY2026: 7.74 → 1.19
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.2B last year
  • ✓
    Share count down over 5 years−0.6%
  • ✓
    Dividend per share up over 5 years$2.34 → $2.59
  • ✓
    Cash from operations above net income$2.2B vs $1.1B
Free cash flow, FY2017 to FY2026: 529.6M → 1.2B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$13.9B of principal due, schedule of Jun 30, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2026

Revenue 23.5B Net income 1.1B
FY2017 revenue 9.1B · Revenues, 0001748790-19-000003 FY2017 net income 564.0M · NetIncomeLoss, 0001748790-19-000003 9.1B FY2017 FY2018 revenue 9.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-20-000025 FY2018 net income 575.2M · NetIncomeLoss, 0001748790-20-000025 9.3B FY2018 FY2019 revenue 9.5B · Revenues, 0001748790-20-000025 FY2019 net income 430.0M · NetIncomeLoss, 0001748790-21-000031 9.5B FY2019 FY2020 revenue 12.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-22-000024 FY2020 net income 612.0M · NetIncomeLoss, 0001748790-22-000024 12.5B FY2020 FY2021 revenue 12.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-23-000030 FY2021 net income 939.0M · NetIncomeLoss, 0001748790-23-000030 12.9B FY2021 FY2022 revenue 14.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-24-000022 FY2022 net income 805.0M · NetIncomeLoss, 0001748790-24-000022 14.5B FY2022 FY2023 revenue 14.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-25-000023 FY2023 net income 1.0B · NetIncomeLoss, 0001748790-25-000023 14.7B FY2023 FY2024 revenue 13.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-26-000022 FY2024 net income 730.0M · NetIncomeLoss, 0001748790-26-000022 13.6B FY2024 FY2025 revenue 15.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-26-000022 FY2025 net income 511.0M · NetIncomeLoss, 0001748790-26-000022 15.0B FY2025 FY2026 revenue 23.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001748790-26-000022 FY2026 net income 1.1B · NetIncomeLoss, 0001748790-26-000022 23.5B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

AMCR's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue23.5B
FY2017: 9.1BFY2018: 9.3BFY2019: 9.5BFY2020: 12.5BFY2021: 12.9BFY2022: 14.5BFY2023: 14.7BFY2024: 13.6BFY2025: 15.0BFY2026: 23.5B FY2018FY2020FY2022FY2024FY2026
Net income1.1B
FY2017: 564.0MFY2018: 575.2MFY2019: 430.0MFY2020: 612.0MFY2021: 939.0MFY2022: 805.0MFY2023: 1.0BFY2024: 730.0MFY2025: 511.0MFY2026: 1.1B FY2018FY2020FY2022FY2024FY2026
Free cash flow1.2B
FY2017: 529.6MFY2018: 506.4MFY2019: 443.8MFY2020: 984.0MFY2021: 993.0MFY2022: 999.0MFY2023: 735.0MFY2024: 829.0MFY2025: 810.0MFY2026: 1.2B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)2.38
FY2017: 2.40FY2018: 2.47FY2019: 1.81FY2020: 1.91FY2021: 3.01FY2022: 2.65FY2023: 3.52FY2024: 2.52FY2025: 1.60FY2026: 2.38 FY2018FY2020FY2022FY2024FY2026
Dividend per share2.59
FY2017: 2.10FY2018: 2.23FY2019: 2.87FY2020: 2.33FY2021: 2.34FY2022: 2.39FY2023: 2.44FY2024: 2.49FY2025: 2.54FY2026: 2.59 FY2018FY2020FY2022FY2024FY2026
Diluted shares463.8M
FY2017: 232.8MFY2018: 232.3MFY2019: 236.8MFY2020: 320.4MFY2021: 311.2MFY2022: 303.2MFY2023: 295.2MFY2024: 288.1MFY2025: 318.6MFY2026: 463.8M FY2018FY2020FY2022FY2024FY2026

The segments changed

10-K filed 2026-08-14

Compared with the 10-K of Aug 15, 2025: no longer reported: Other.

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to Jun 30, 2026
RevenueSharevs year before
Flexibles 12.8B54.6% +27.4%
Rigid Packaging 10.7B45.4% +116%

10-K 0001748790-26-000022, segment and revenue notes (XBRL).

Revenue by region

year to Jun 30, 2026
RevenueSharevs year before
North America 11.7B49.9% +63.0%
Europe 7.8B33.4% +81.5%
Asia Pacific 2.1B8.8% +20.9%
Latin America 1.9B8.0% +5.0%

10-K 0001748790-26-000022, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue9.1B9.3B9.5B12.5B12.9B14.5B14.7B13.6B15.0B23.5B
Cost of revenue7.2B7.5B7.7B9.9B10.1B11.7B12.0B10.9B12.2B18.8B
Gross profit1.9B1.9B1.8B2.5B2.7B2.8B2.7B2.7B2.8B4.7B
R&D69.1M72.7M64.0M97.0M100.0M96.0M101.0M106.0M120.0M170.0M
SG&A850.2M793.2M999.0M1.4B1.3B1.3B1.1B1.1B1.2B1.9B
Operating income916.1M993.9M792.0M994.0M1.3B1.2B1.5B1.2B1.0B1.9B
Interest expense190.9M210.0M208.0M207.0M153.0M159.0M290.0M348.0M396.0M676.0M
Pretax income715.8M722.9M604.0M825.0M1.2B1.1B1.3B907.0M650.0M1.3B
Income tax148.9M118.8M172.0M187.0M261.0M300.0M193.0M163.0M135.0M181.0M
Net income564.0M575.2M430.0M612.0M939.0M805.0M1.0B730.0M511.0M1.1B
EPS (diluted)2.402.471.811.913.012.653.522.521.602.38
Diluted shares232.8M232.3M236.8M320.4M311.2M303.2M295.2M288.1M318.6M463.8M
Depreciation & amortization374.2M357.1M453.0M652.0M574.0M625.0M586.0M595.0M722.0M1.5B
EBITDA1.3B1.4B1.2B1.6B1.9B1.9B2.1B1.8B1.7B3.4B
Gross margin21.0%19.9%19.0%20.3%21.2%19.4%18.5%19.9%18.9%20.0%
Operating margin10.1%10.7%8.4%8.0%10.3%8.5%10.3%8.9%6.7%8.1%
Net margin6.2%6.2%4.5%4.9%7.3%5.5%7.1%5.4%3.4%4.7%
Revenue growth-+2.4%+1.5%+31.8%+3.2%+13.1%+1.0%-7.2%+10.0%+56.6%
EPS growth-+2.9%-26.5%+5.2%+57.6%-12.1%+33.3%-28.5%-36.5%+48.7%

Balance sheet

From EDGAR

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)26.5M21.0M19.0M34.0M58.0M63.0M54.0M32.0M74.0M83.0M
Stock-based pay / revenue0.3%0.2%0.2%0.3%0.5%0.4%0.4%0.2%0.5%0.4%
Operating lease cost---112.0M113.0M130.0M127.0M135.0M167.0M289.0M
Operating lease cash paid---108.0M111.0M122.0M118.0M127.0M159.0M285.0M
Finance lease principal paid-3.5M2.0M2.0M2.0M5.0M11.0M11.0M12.0M16.0M
Right-of-use assets--0525.0M532.0M560.0M533.0M567.0M1.1B1.0B
Operating lease liabilities---549.7M558.0M594.0M564.0M602.0M1.1B1.1B
Finance lease liabilities---33.0M32.0M62.0M50.0M43.0M56.0M44.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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