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Packaging & containers · Consumer Cyclical · Fiscal year ends Sep 30
GREIF reported revenue of $4.4B in the fiscal year ended Oct 2024, up 4.3% from the year before. Operating income was $338M, an operating margin of 7.8%, and net income was $269M. Net debt was $2.5B.
Ranks among the 12 packaging & containers companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 |
|---|---|---|---|---|---|
| Revenue | 4,515 | 5,556 | 6,350 | 4,175 | 4,355 |
| Cost of revenue | 3,600 | 4,463 | 5,064 | 3,247 | 3,456 |
| Gross profit | 915 | 1,093 | 1,285 | 929 | 899 |
| Selling, general & admin | 516 | 566 | 581 | 510 | 590 |
| Operating income | 305 | 585 | 621 | 427 | 338 |
| Pre-tax income | 186 | 479 | 526 | 396 | 282 |
| Income tax | 63.3 | 69.6 | 137 | 98.1 | 22.2 |
| Net income | 109 | 391 | 377 | 359 | 269 |
| Fiscal year | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 |
|---|---|---|---|---|---|
| Cash & equivalents | 106 | 125 | 147 | 181 | 198 |
| Receivables | 637 | 890 | 749 | 659 | 639 |
| Inventory | 79.8 | 107 | 87.3 | 82.8 | 87.4 |
| Current assets | 1,303 | 1,664 | 1,499 | 1,369 | 1,549 |
| Net PP&E | 1,527 | 1,521 | 1,455 | 1,563 | 1,383 |
| Goodwill | 1,518 | 1,515 | 1,465 | 1,395 | 1,656 |
| Total assets | 5,511 | 5,816 | 5,470 | 5,961 | 6,648 |
| Payables | 451 | 705 | 561 | 498 | 459 |
| Current liabilities | 1,000 | 1,314 | 1,048 | 939 | 1,014 |
| Short-term debt | 123 | 120 | 71.1 | 88.3 | 95.8 |
| Long-term debt | 2,336 | 2,055 | 1,839 | 2,121 | 2,626 |
| Total liabilities | 4,310 | 4,240 | 3,676 | 3,975 | 4,530 |
| Shareholders' equity | 1,152 | 1,514 | 1,761 | 1,948 | 2,082 |
| Fiscal year | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 |
|---|---|---|---|---|---|
| Operating cash flow | 455 | 396 | 658 | 650 | 356 |
| Depreciation & amortisation | 243 | 234 | 217 | 231 | 261 |
| Stock-based compensation | −1.2 | 34.1 | 34.4 | 21.1 | 16.6 |
| Acquisitions | 0.0 | 0.0 | – | – | – |
| Share buybacks | 0.0 | 0.0 | 71.1 | 63.9 | 0.0 |
| Dividends paid | 104 | 106 | 111 | 117 | 121 |
| Fiscal year | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 23.1% | 14.3% | −34.2% | 4.3% |
| Operating income growth (YoY) | – | 91.9% | 6.2% | −31.3% | −20.9% |
| Gross margin | 20.3% | 19.7% | 20.2% | 22.2% | 20.6% |
| Operating margin | 6.8% | 10.5% | 9.8% | 10.2% | 7.8% |
| Net margin | 2.4% | 7.0% | 5.9% | 8.6% | 6.2% |
| Return on equityBlank when equity is negative | 9.4% | 25.8% | 21.4% | 18.4% | 12.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 6.8% | 13.0% | 14.0% | 8.5% | 6.0% |
| Cash conversion (CFO ÷ net income) | 4.18x | 1.01x | 1.75x | 1.81x | 1.32x |
| Receivable days | 51 | 58 | 43 | 58 | 54 |
| Inventory days | 8 | 9 | 6 | 9 | 9 |
| Payable days | 46 | 58 | 40 | 56 | 48 |
| Debt ÷ equity | 2.13x | 1.44x | 1.08x | 1.13x | 1.31x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 2,353 | 2,051 | 1,763 | 2,029 | 2,524 |
| Current ratio | 1.30x | 1.27x | 1.43x | 1.46x | 1.53x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.