Amcor plcAMCR
NYSE•Consumer Cyclical•Packaging & Containers
Amcor plc, together with its subsidiaries, engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific. The company operates in two segments, Global Flexible Packaging Solutions and Global Rigid Packaging Solutions. The Global Flexible Packaging Solutions segment develops and supplies flexible packaging products, including polymer resin, aluminum, and fiber based flexible packaging products to the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Global Rigid Packaging Solutions segment manufactures rigid packaging containers, closures, dispensing and pharma devices, and related products for the food and beverage applications. The company sells its products through its direct sales force. The company was incorporated in 1926 and is headquartered in Zurich, Switzerland.
Amcor plc (AMCR) reported trailing twelve months revenue of $22.19B as of March 2026, a 64.8% increase year-over-year. Quarterly revenue reached $5.91B, reflecting continued top-line momentum.
Amcor plc generated $678.00M in TTM net income, with quarterly EBITDA of $838.00M. The operating margin contracted from 9.4% to 7.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (7.8%) and net margin (4.7%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 5.9% a year ago, reflecting increased costs or interest expense.
AMCR trades at a P/E of 26.0x (in line with broad market averages) and a P/S of 0.8x. The price-to-book ratio of 1.5x reflects a moderate premium to book value.
The company reported negative free cash flow of $-42.00M, indicating cash consumption over the period. The balance sheet shows $37.58B in total assets with $15.20B in long-term debt against $11.65B in stockholders equity for a debt-to-equity ratio of 1.3. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~7.8% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~12.6% on average, adequate but below the threshold typically associated with wide moats.
Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 39.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF consistently trails net income (avg -2.5x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 1.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares outstanding increased 5.6% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation