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Global packaging company making flexible and rigid plastic/paper packaging for food, beverage, healthcare and personal care.
Global packaging company making flexible and rigid plastic/paper packaging for food, beverage, healthcare and personal care.
Sells packaging to consumer-goods makers under long-term supply agreements, with resin price changes largely passed through to customers, so profit depends on volumes and conversion margins more than resin cost. Formed through the 2019 purchase of Bemis, it is Jersey-incorporated with listings in New York and Sydney, and merged with Berry Global in 2025.
Moat: narrow (scale, switching costs, distribution). Global plant footprint and long-term supply contracts with multinational consumer brands.
Headquarters: Zurich, Switzerland · Founded: 1860 · Employees: 75,000
Size Amcor (AMCR) is a United States Materials company (Containers/Packaging) with a market value of $20.7B, the 485th largest of 3,117 United States companies the cockpit tracks. Shares closed at $44.87 on 6 Nov 2026.
Performance Over six months the shares gained 14.2%, against +7.3% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 14 in its peer set.
Growth Revenue grew 56.6% over the last twelve months (peer median +5.4%); the operating margin is 8.6% (peer median 11.3%).
Valuation It trades at 1.5× enterprise value to sales against a peer median of 2.1× (5th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points below its cost of capital (6.7% WACC).
Credit Amcor has 9 bonds outstanding ($6.00B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 80 bp.
Short interest Short interest is 5.1% of the free float (15 Oct 2026).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $23.5B | $23.5B | $15.0B | $13.6B | $14.7B |
| Revenue growth | — | +57% | +10% | -7% | — |
| Gross profit | $4.12B | $4.11B | $2.57B | $2.71B | $2.73B |
| EBITDA | $3.48B | $3.48B | $1.98B | $1.93B | $1.95B |
| Net income | $1.11B | $1.11B | $511M | $730M | $1.05B |
| Free cash flow | $1.29B | $1.23B | $810M | $829M | $735M |
| Capital expenditure | $965M | $922M | $580M | $492M | $526M |
| Total debt | $15.1B | $15.1B | $15.2B | $7.30B | $7.31B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Amcor AMCR | $20.7B | +14% | +57% | 9% | 1.5× | 5.8% |
| Seeing Machines SEE.L | n/a | -16% | n/a | n/a | n/a | n/a |
| Sonoco Products SON | $4.99B | -2% | +4% | 10% | 1.3× | -1.9% |
| Mondi MNDI.L | $4.69B | +5% | +5% | 4% | 0.9× | 15.4% |
| Smurfit Westrock SW | $23.1B | +7% | +1% | 5% | 1.2× | 13.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMCR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +8.6% | 7th lowest of 14 |
| 6-month return | +14.2% | +7.3% | 5th highest of 14 |
| Distance from 52-week high | -9.7% | -15.2% | 7th highest of 14 |
| Revenue growth (TTM) | +56.6% | +5.4% | highest of 14 |
| Operating margin | 8.6% | 11.3% | 6th lowest of 14 |
| EV / Sales | 1.5× | 2.1× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 5.8% | 4.3% | 5th most demanding of 12 |
| Growth delivered (Del g) | +12.8% | +7.9% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -7.0 pp | -6.6 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -0.5 pp | +2.1 pp | 5th lowest of 14 |
| EV / EBITDA | 10.0× | 10.3× | 4th cheapest of 9 |
| Net debt / EBITDA | 4.0× | 2.7× | 3rd most indebted of 10 |
| Bond spread | 80 bp | 96 bp | 2nd tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amcor AMCR | United States | $20.7B | +14% | +57% | 9% | 1.5× | 5.8% | +12.8% |
| Packaging Corporation of America PKG | United States | $22.2B | +12% | +12% | 13% | 2.2× | 4.3% | +6.2% |
| Smurfit Westrock SW | United States | $23.1B | +7% | +1% | 5% | 1.2× | 13.5% | +26.2% |
| Ball BALL | United States | $17.2B | +13% | +21% | 11% | 1.6× | 6.4% | +2.3% |
| Crown CCK | United States | $13.1B | +20% | +14% | 12% | 1.4× | -4.7% | +5.7% |
| CCL Industries CCL-B.TO | Canada | $11.8B | +17% | +5% | 15% | 2.3× | 1.3% | +7.9% |
| Owens Corning OC | United States | $9.59B | 0% | -11% | 14% | 1.5× | 3.6% | +7.4% |
| AptarGroup ATR | United States | $9.03B | +18% | +9% | 12% | 2.6× | 4.3% | +5.2% |
| Stora Enso STEAV.HE | Finland | $8.58B | 0% | -1% | -4% | 1.2× | n/a | n/a |
| Yunnan Energy New Material (Group) 002812.SZ | China | $7.55B | -38% | +50% | 17% | 3.5× | 7.8% | +26.1% |
| SIG SIGN.SW | Switzerland | $7.07B | +23% | -5% | 5% | 2.6× | 18.4% | +9.4% |
| China International Marine Containers (Group) 000039.SZ | China | $6.19B | -23% | 0% | 4% | 0.5× | -9.2% | +10.7% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 12.2× | n/a | n/a |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 2.1× | -0.4% | +7.9% |
Amcor has 9 bonds outstanding with $6.00B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.40%, a spread of 80 bp over government bonds.