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Amcor (AMCR) stock

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OTC: AMCR OTC Paper & Plastic Packaging Products & Materials Next results ~November 4, 2026

C+ Fundamentals grade

Amcor is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 45% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 45% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Amcor valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Amcor files

10-K filed August 14: Amcor

Amcor posted revenue of $23.5bn for the twelve months to June 2026, up 56.6% on a year earlier. That pace eased from the 64.8% growth recorded a quarter earlier, though it still ranks top of 11 among the paper & plastic packaging products & materials companies we cover. Margins held steady too: free-cash-flow margin stayed at 5.2%, matching the prior period. Growth has clearly decelerated from its recent peak, but Amcor's lead over sector peers remains intact, and profitability has not slipped alongside the slower top-line expansion. The combination of still-strong relative growth and stable cash conversion suggests the business is managing the slowdown without sacrificing financial discipline.

Our model value for Amcor is under review, so past values are not shown until it is resolved.

Source: 10-K filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Amcor stands after its latest 10-K

Revenue for the twelve months to June 2026 was $23.5bn, up 56.6% on a year earlier, slower than 64.8% a quarter earlier. Free-cash-flow margin held at 5.2%. The diluted share count is down 2.7% on a year earlier, which lifts each remaining share. It passes 1 of our 3 financial-health checks.

10-K on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Amcor's trailing-twelve-month revenue grew 56.6% year on year, with a free-cash-flow margin of 5.2%. Where it stands out: revenue growth of 56.6% ranks 1 of 11 paper & plastic packaging products & materials companies we cover. Where it lags: long-term debt as % of assets of 37.4% ranks 9 of 11 paper & plastic packaging products & materials companies we cover.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$74–$150 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 51.7% while net income grew 116.4%: a 65pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 56.6% over the last 12 months, against a median of 3.6% for paper & plastic packaging products & materials companies we cover.
  • Shrinking share count. Diluted shares fell 2.9% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 8.2 points lower than a quarter earlier.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 37.4% ranks 9 of 11 paper & plastic packaging products & materials companies we cover (median 36.0%).
  • Below peers: days sales outstanding. Days sales outstanding of 57 days ranks 7 of 9 paper & plastic packaging products & materials companies we cover (median 55 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q4

Filed August 14, 2026
Earnings per share
$0.86 against an average estimate of $0.84: beat by 2.5%
Revenue
$6.40bn, up 25.9% on a year earlier
Share reaction
-2.2% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
adjusted Diluted EPS $1.8 to $1.9 (Six Months Ended December 31, 2026 ('Transition Period')); leverage 3.5 to 3.6 (December 31, 2026)
Next report
November 4, 2026; average EPS estimate $0.98

Amcor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.4%
  • 1 week+6.1%
  • 1 month+17.1%
  • This year+22.8%
  • 1 year+31.6%
  • 5 years+2.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$23.5B
Operating margin
8.1%
Net margin
4.7%

Growth

Revenue growth
+56.6%
Change in growth rate
−8.2 pts

Cash

Free cash flow (TTM)
$1.2B
FCF margin
5.2%
Stock pay % of revenue
0.4%

Earnings

Last results
August 12, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Amcor valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 45% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Amcor as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.75 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$54 ~$45–$70 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$42 ~$34–$53 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$48 ~$43–$54 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Amcor with Paper & Plastic Packaging Products & Materials in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2017201820192020202120222023202420252026
Share price$39.93$35.15$40.59$37.81$44.20$49.83$41.79$43.17$42.65$42.74
Market value$9.3bn$8.2bn$9.6bn$12.1bn$13.8bn$15.1bn$12.3bn$12.4bn$13.6bn$19.8bn
+ Net debt (− = net cash)−$562m$4.2bn$5.5bn$5.5bn$5.4bn$5.7bn$6.1bn$6.1bn$13.3bn$12.9bn
Enterprise value$8.7bn$12.4bn$15.1bn$17.6bn$19.2bn$20.8bn$18.4bn$18.5bn$26.9bn$32.7bn
Multiples
Price / sales 1.0x0.9x1.0x1.0x1.1x1.0x0.8x0.9x0.9x0.8x
Price / earnings 16.5x14.2x22.4x19.8x14.6x18.8x11.8x17.0x26.6x17.9x
Price / free cash flow 17.6x16.1x21.7x12.3x13.9x15.1x16.8x15.0x16.8x16.1x
EV / EBITDA 6.8x9.2x12.1x10.7x10.1x11.2x8.8x10.3x15.5x9.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard Amcor's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Cash operating profit has been a median 7.8% of total assets over 7 years.

  • Pricing power 8 / 20

    Gross margin has been a median 19.9%, moving by 0.8 percentage points (standard deviation) across 9 years.

  • Durability 11 / 20

    Operating margin has been a median 8.4%; its worst year was 6.7%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 8 of 8 years, at a median 5.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $5.8bn and EPS of $0.98 (range $0.95 to $1.03) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.02 +13% $23.9bn +59%
Next $4.33 +8% $23.9bn −0%

Next year's EPS estimate has moved +0.2% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.0% on 90 days ago. In the last 30 days, 0 analysts raised Amcor's forecast and 0 cut it.

Consensus EPS forecast Amcor, last 90 days
$4.00 $4.10 $4.20 $4.30 $4.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.10 Current fiscal year, 60 days ago: $4.04 Current fiscal year, 30 days ago: $4.04 Current fiscal year, 7 days ago: $4.02 Current fiscal year, Now: $4.02 $4.02 Next fiscal year, 90 days ago: $4.33 Next fiscal year, 60 days ago: $4.34 Next fiscal year, 30 days ago: $4.39 Next fiscal year, 7 days ago: $4.36 Next fiscal year, Now: $4.33 $4.33

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.10$4.33
60 days ago $4.04$4.34
30 days ago $4.04$4.39
7 days ago $4.02$4.36
Now $4.02$4.33

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2025 $0.84 $0.86 +2.5%
Sept 2025 $0.92 $0.96 +4.9%
Jun 2025 $1.08 $1.00 −7.2%
Mar 2025 $0.91 $0.90 −1.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Adjusted Diluted EPS Six Months Ended December 31, 2026 ('Transition Period') $1.80 to $1.90 Non-GAAP
    “Adjusted Diluted EPS of $1.80 to $1.90” source
  • leverage December 31, 2026 3.5 to 3.6
    “For the transition period, the Company expects Adjusted EPS of approximately $1.80 to $1.90, and leverage on December 31, 2026 of 3.5x - 3.6x.” source

How earlier guidance turned out

  • Free Cash Flow, fiscal year ending June 30, 2026 guided $1.5bn to $1.6bn Below range: $1.229bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

13 analysts, Oct 2026
Buy754%
Hold646%
Sell00%

Monthly trend

  1. Oct 202616613
  2. Sep 202616714
  3. Aug 202616714
  4. Jul 202625613

Counts of recommendations published by analysts covering Amcor, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
7.46
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
0.3%
of shares
Employees
75,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.6%

$37.24 on October 31, 2025 to $49.02

ThenNowEffect
Revenue (last 12 months) $15.0bn $23.5bn +56.6%
Net margin 3.4% 4.7% +38.2%
P/E multiple 21.0x 18.6x −11.5%
Share count 289m 420m −31.2%

Biggest factor: revenue.

Last 3 years +26.8%

$38.65 on November 3, 2023 to $49.02

ThenNowEffect
Revenue (last 12 months) $14.7bn $23.5bn +60.0%
Net margin 7.1% 4.7% −34.0%
P/E multiple 10.9x 18.6x +71.0%
Share count 295m 420m −29.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AMCR+6%+3%−15%+3%−6%+23%
Industry peers (median)+4%−23%+1%−6%−17%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AMCR67%42%50%42%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AMCR−11%−21%−28%−17%−22%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 48% from September 5, 2017 to March 16, 2020. Getting back needed a 93% gain, reached on September 2, 2020, 170 days after the low.

Price behaviour

52-week range
$35.58 – $49.02
From 52-week high
0.0%
vs 50-day average
+11.6%
vs 200-day average
+16.3%
Volatility (1 year)
31%
Beta vs S&P 500
0.79

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.5%
After a week
8 up, 4 down
typical move ±5.8%
After a month
8 up, 4 down
typical move ±6.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −2.2% +0.9% +0.1% −9.4%
May 6, 2026 +6.1% +1.1% +3.9% +3.0%
February 3, 2026 +11.0% −1.3% +10.9% +1.2%
November 5, 2025 +4.4% −0.7% +6.9% +7.1%
August 14, 2025 −12.2% −0.2% −13.0% −15.4%
April 30, 2025 −2.7% +0.7% −2.4% −1.0%
February 4, 2025 +6.9% +1.1% +4.9% +7.1%
October 31, 2024 −7.2% −1.5% −7.7% −3.2%
August 15, 2024 −2.0% +1.9% +2.5% +5.5%
April 30, 2024 +8.3% −1.9% +11.8% +10.5%
February 6, 2024 +1.7% +1.1% −3.7% +3.6%
October 31, 2023 −1.7% +1.7% +2.1% +8.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Amcor in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Amcor
$10B $15B $20B $25B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $14.4B Revenue (TTM), FY24 Q2: $14B Revenue (TTM), FY24 Q3: $13.8B Revenue (TTM), FY24 Q4: $13.6B Revenue (TTM), FY25 Q1: $13.6B Revenue (TTM), FY25 Q2: $13.5B Revenue (TTM), FY25 Q3: $13.5B Revenue (TTM), FY25 Q4: $15B Revenue (TTM), FY26 Q1: $17.4B Revenue (TTM), FY26 Q2: $19.6B Revenue (TTM), FY26 Q3: $22.2B Revenue (TTM), FY26 Q4: $23.5B $23.5B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $14.4B
FY24 Q2 $14B
FY24 Q3 $13.8B
FY24 Q4 $13.6B
FY25 Q1 $13.6B
FY25 Q2 $13.5B
FY25 Q3 $13.5B
FY25 Q4 $15B
FY26 Q1 $17.4B
FY26 Q2 $19.6B
FY26 Q3 $22.2B
FY26 Q4 $23.5B
Revenue growth, TTM YoY Amcor
-20% 0% 20% 40% 60% 80% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: -2.8% Revenue growth, TTM YoY, FY24 Q2: -6.3% Revenue growth, TTM YoY, FY24 Q3: -7.7% Revenue growth, TTM YoY, FY24 Q4: -7.2% Revenue growth, TTM YoY, FY25 Q1: -6.1% Revenue growth, TTM YoY, FY25 Q2: -3.5% Revenue growth, TTM YoY, FY25 Q3: -2.3% Revenue growth, TTM YoY, FY25 Q4: 10.0% Revenue growth, TTM YoY, FY26 Q1: 28.4% Revenue growth, TTM YoY, FY26 Q2: 44.8% Revenue growth, TTM YoY, FY26 Q3: 64.8% Revenue growth, TTM YoY, FY26 Q4: 56.6% 56.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 -2.8%
FY24 Q2 -6.3%
FY24 Q3 -7.7%
FY24 Q4 -7.2%
FY25 Q1 -6.1%
FY25 Q2 -3.5%
FY25 Q3 -2.3%
FY25 Q4 10.0%
FY26 Q1 28.4%
FY26 Q2 44.8%
FY26 Q3 64.8%
FY26 Q4 56.6%
Operating margin (TTM) Amcor
6% 7% 8% 9% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 10.0% Operating margin (TTM), FY24 Q2: 8.0% Operating margin (TTM), FY24 Q3: 8.3% Operating margin (TTM), FY24 Q4: 8.9% Operating margin (TTM), FY25 Q1: 9.3% Operating margin (TTM), FY25 Q2: 9.7% Operating margin (TTM), FY25 Q3: 9.8% Operating margin (TTM), FY25 Q4: 6.7% Operating margin (TTM), FY26 Q1: 6.7% Operating margin (TTM), FY26 Q2: 6.1% Operating margin (TTM), FY26 Q3: 6.0% Operating margin (TTM), FY26 Q4: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 10.0%
FY24 Q2 8.0%
FY24 Q3 8.3%
FY24 Q4 8.9%
FY25 Q1 9.3%
FY25 Q2 9.7%
FY25 Q3 9.8%
FY25 Q4 6.7%
FY26 Q1 6.7%
FY26 Q2 6.1%
FY26 Q3 6.0%
FY26 Q4 8.1%
FCF margin (TTM) Amcor
3% 4% 5% 6% 7% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 6.2% FCF margin (TTM), FY24 Q2: 5.9% FCF margin (TTM), FY24 Q3: 5.9% FCF margin (TTM), FY24 Q4: 6.1% FCF margin (TTM), FY25 Q1: 5.0% FCF margin (TTM), FY25 Q2: 5.6% FCF margin (TTM), FY25 Q3: 5.4% FCF margin (TTM), FY25 Q4: 5.4% FCF margin (TTM), FY26 Q1: 4.9% FCF margin (TTM), FY26 Q2: 4.1% FCF margin (TTM), FY26 Q3: 3.4% FCF margin (TTM), FY26 Q4: 5.2% 5.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 6.2%
FY24 Q2 5.9%
FY24 Q3 5.9%
FY24 Q4 6.1%
FY25 Q1 5.0%
FY25 Q2 5.6%
FY25 Q3 5.4%
FY25 Q4 5.4%
FY26 Q1 4.9%
FY26 Q2 4.1%
FY26 Q3 3.4%
FY26 Q4 5.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Amcor took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $23.5B
  2. Cost of revenue $18.8B · 80.0%
  3. Gross profit $4.7B · 20.0%
  4. Research and development $170M · 0.7%
  5. Selling, general and admin $1.9B · 8.2%
  6. Other operating costs $690M · 2.9%
  7. Operating income $1.9B · 8.1%
  8. Income tax $181M · 0.8%
  9. Interest and other $612M · 2.6%
  10. Net income $1.1B · 4.7%

Shares of revenue. Source: Amcor's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 9.1 9.3 9.5 12.5 12.9 14.5 14.7 13.6 15.0 23.5
Gross profit 1.9 1.9 1.8 2.5 2.7 2.8 2.7 2.7 2.8 4.7
EBITDA 1.3 1.4 1.2 1.6 1.9 1.9 2.1 1.8 1.7 3.4
Operating income 0.9 1.0 0.8 1.0 1.3 1.2 1.5 1.2 1.0 1.9
Net income 0.6 0.6 0.4 0.6 0.9 0.8 1.0 0.7 0.5 1.1
Diluted EPS $2.40 $2.47 $0.36 $0.38 $0.60 $0.53 $0.70 $2.52 $1.60 $2.38
Growth (year on year)
Revenue — +2.4% +1.5% +31.8% +3.2% +13.1% +1.0% −7.2% +10.0% +56.6%
EBITDA — +4.7% −7.8% +32.2% +15.1% −1.6% +12.3% −13.6% −4.3% +95.1%
Operating income — +8.5% −20.3% +25.5% +32.9% −6.2% +21.7% −19.5% −16.9% +88.2%
Net income — +2.0% −25.2% +42.3% +53.4% −14.3% +30.2% −30.3% −30.0% +116.4%
Diluted EPS — +2.9% −85.3% +5.2% +57.6% −12.1% +33.3% +257.4% −36.5% +48.8%
Margins
Gross margin 21.0% 19.9% 19.0% 20.3% 21.2% 19.4% 18.5% 19.9% 18.9% 20.0%
EBITDA margin 14.2% 14.5% 13.2% 13.2% 14.7% 12.8% 14.3% 13.3% 11.5% 14.4%
Operating margin 10.1% 10.7% 8.4% 8.0% 10.3% 8.5% 10.3% 8.9% 6.7% 8.1%
Net margin 6.2% 6.2% 4.5% 4.9% 7.3% 5.5% 7.1% 5.4% 3.4% 4.7%
Free-cash-flow margin 5.8% 5.4% 4.7% 7.9% 7.7% 6.9% 5.0% 6.1% 5.4% 5.2%
Cash flow
Cash from operations 0.9 0.9 0.8 1.4 1.5 1.5 1.3 1.3 1.4 2.2
Capital spending 0.4 0.4 0.3 0.4 0.5 0.5 0.5 0.5 0.6 0.9
Free cash flow 0.5 0.5 0.4 1.0 1.0 1.0 0.7 0.8 0.8 1.2
Stock-based pay 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1
Free cash flow after stock pay 0.5 0.5 0.4 1.0 0.9 0.9 0.7 0.8 0.7 1.1
Balance sheet
Cash 0.6 0.6 0.6 0.7 0.9 0.8 0.7 0.6 0.8 1.1
Total debt 0.0 4.8 6.1 6.2 6.3 6.5 6.7 6.7 14.1 14.0
Net debt (negative = net cash) −0.6 4.2 5.5 5.5 5.4 5.7 6.1 6.1 13.3 12.9
Diluted shares 233m 232m 237m 320m 311m 303m 295m 288m 319m 464m
Returned to shareholders
Dividends 0.5 0.5 0.7 0.8 0.7 0.7 0.7 0.7 0.8 1.2
Buybacks — 0.0 0.0 0.5 0.4 0.6 0.4 0.0 0.0 0.0
Total returned 0.5 0.5 0.7 1.3 1.1 1.3 1.2 0.8 0.8 1.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $37.1bn
Short-term assets $9.3bnLonger-term assets $27.8bn
What it owes, and who funded it · $37.1bn
Short-term liabilities $7.4bnLonger-term liabilities $17.9bnShareholders' equity $11.8bn
  • Short-term assets cover short-term liabilities $9.3bn of assets due within a year against $7.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $9.3bn short-term assets against $17.9bn of longer-dated liabilities.
  • More cash than debt $1.1bn of cash against $14.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 119% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 147% to 119% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.2bn of operating cash flow against $14.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.9bn against $676m of interest.

From Amcor's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$1.2B
Returned to shareholders
104%
of free cash flow
Buybacks, last 3 fiscal years
$31M
Total shareholder yield
5.3%
dividends 5.3% + buybacks 0.0% of market value
Dividend payout ratio
108%
of net income paid out
R&D spending
0.7%
of revenue
Sales & admin spending
8.2%
of revenue
Days sales outstanding
57 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in paper & plastic packaging products & materials
Last 12 months unless stated AMCR IP SW PKG AVY GPK Median
Revenue, last 12 months $23.5bn $24.2bn $31.3bn $9.5bn $9.2bn $8.6bn $8.6bn
Revenue growth, last 12 months 56.6% 25.4% 1.7% 10.3% 5.8% 0.0% 3.6%
Revenue growth, 3-year average 17.0% 6.1% — 5.9% 2.9% −3.7% 6.0%
Revenue growth, latest quarter 25.9% −2.2% 1.1% 14.7% 10.9% −0.7% 1.1%
Gross margin 20.0% 29.8% 17.9% 20.1% 29.0% 15.5% 20.0%
Operating margin 8.1% 11.1% 4.7% 10.9% — 5.8% 4.1%
Operating margin, 3-year average 7.9% 9.9% 6.0% 12.6% — 9.9% 5.7%
Net margin 4.7% −14.2% 1.6% 7.3% 7.6% 2.2% 1.6%
Cash from operations / revenue 9.2% 10.9% 10.5% 17.0% 13.3% 9.2% 9.2%
Free-cash-flow margin 5.2% 2.0% 3.2% 7.8% 11.5% 2.7% 4.8%
Free-cash-flow margin, 3-year average 5.6% 2.2% — 7.8% 9.0% 3.3% 4.6%
Stock pay / revenue 0.4% 0.5% 0.4% 0.5% 0.3% 0.2% 0.4%
Change in share count −2.9% 25.4% — >999% −3.0% −1.8% 0.7%

Median of all 11 companies we cover in paper & plastic packaging products & materials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 paper & plastic packaging products & materials companies
Measure Company Peer median Rank
Revenue growth Growth 56.6% 3.6% 1 of 11
Change in growth rate Growth -8.2pp -1.5pp 7 of 11
Gross margin Profitability 20.0% 20.1% 6 of 10
Operating margin Profitability 8.1% 3.5% 2 of 9
Net margin Profitability 4.7% 1.6% 3 of 11
Free-cash-flow margin Cash generation 5.2% 4.8% 5 of 11
Stock pay as % of revenue Cash generation 0.4% 0.4% 5 of 11
Long-term debt as % of assets Balance sheet 37.4% 36.0% 9 of 11
Days sales outstanding Balance sheet 57 days 55 days 7 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Flexibles $12.8B 54.6% ▲ 27.4%
Rigid Packaging $10.7B 45.4% ▲ 116.0%
Geography
Region Revenue Share YoY
North America $11.7B 49.9% ▲ 63.0%
Europe $7.8B 33.4% ▲ 81.5%
Asia Pacific $2.1B 8.8% ▲ 20.9%
Latin America $1.9B 8.0% ▲ 5.0%

From Amcor's 10-K filed August 14, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$15.5B
Institutions reporting
684
Shares held vs prior quarter
▲ 4.6%
Positions opened / closed
117 / 83

Top buyers and sellers, Q2 2026: 405 institutions bought and 292 sold ; the biggest buyer was Victory Capital Management Inc (+3.4M shares) and the biggest seller UBS Group AG (−4.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.4B 32.3M 9.0% ▲ 1.4%
State Street Corp $1.4B 31.6M 8.8% ▲ 8.2%
M&G PLC $1.2B 27.7M 7.7% ▲ 10.1%
Invesco Ltd. $1.1B 25.6M 7.2% ▲ 12.4%
Fuller & Thaler Asset Management, Inc. $672M 15.5M 4.3% ▲ 13.3%
Vanguard Capital Management LLC $651M 15.0M 4.2% ▲ 1.2%
Geode Capital Management, LLC $595M 13.7M 3.8% ▲ 1.6%
Federated Hermes, Inc. $492M 11.3M 3.2% ▲ 6.7%
Capital International Investors $400M 9.2M 2.6% ▲ 4.8%
UBS Group AG $337M 7.8M 2.2% ▼ 35.9%
L1 Capital Pty Ltd $291M 6.7M 1.9% ▲ 52.5%
Norges Bank $279M 6.4M 1.8% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Amcor's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $2.8M 6 trades by 5 insiders, last 12 months Insider sales History → $142,056 3 trades by 2 insiders · 0% under pre-set plans
Net ▲ $2.6M net buying
Insider Date Trade Shares Price Value
Scherger Stephen R. Executive VP, Finance & CFO December 11, 2025 Buy 121,065 $8.32 $1M
Carter Susan K Director December 3, 2025 Sell 6,058 $8.44 $51,123
Rahman Jill A Director December 3, 2025 Sell 4,148 $8.44 $35,005
Rahman Jill A Director November 24, 2025 Sell 6,596 $8.48 $55,927
Long Nicholas T. Director November 12, 2025 Buy 10,000 $8.54 $85,374
Konieczny Peter Chief Executive Officer November 10, 2025 Buy 60,000 $8.41 $504,600
Wilson Ian EXECUTIVE VICE PRESIDENT November 10, 2025 Buy 79,000 $8.35 $659,650
Glerum James T Jr. Director November 10, 2025 Buy 59,808 $8.34 $498,799
Glerum James T Jr. Director November 10, 2025 Buy 137 $8.38 $1,148

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 14 trades and filings

In the last 12 months, 3 members of Congress disclosed 4 purchases and 2 sales of Amcor shares.

  • Thomas H. Kean, Jr.(R-NJ 7):Sale (partial), $1,001 - $15,000, traded August 10, 2026, filed September 12, 2026
  • Dan Newhouse(R-WA 4):Purchase, $1,001 - $15,000, traded July 10, 2026, filed July 17, 2026
  • Thomas H. Kean, Jr.(R-NJ 7):Purchase, $1,001 - $15,000, traded May 14, 2026, filed June 18, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 6, 2026
  • February 3, 2026
  • November 5, 2025
  • August 14, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on Amcor was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Amcor in brief

What does Amcor do?
Amcor is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.
What is Amcor's stock ticker?
Amcor trades under the ticker AMCR on OTC. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Amcor's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Amcor reported revenue of $23.5B, 56.6% higher than a year earlier, according to its SEC filings.
What is Amcor's free cash flow?
Amcor's free-cash-flow margin is 5.2% of revenue over the trailing twelve months, ranking 5 of the 11 paper & plastic packaging products & materials companies we cover.
Who are Amcor's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and M&G PLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Amcor's market cap?
On June 30, 2026, Amcor's market capitalisation was about $19.8B, with a price-to-earnings ratio of 17.9 and net debt of $12.9B. Market figures come from third-party market data and may be delayed.
Does Amcor pay a dividend?
Yes: Amcor paid $1.2B in dividends over the trailing twelve months, a dividend yield of 5.26% and a payout ratio of 108.0%.
How much debt does Amcor have?
Amcor's debt-to-equity ratio is 118.7%, from its latest balance sheet (146.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Amcor's competitors?
In our Paper & Plastic Packaging Products & Materials peer group, the companies closest to Amcor are International Paper, Smurfit Westrock, Packaging Corporation of America, Avery Dennison and Graphic Packaging Holding Co. The side-by-side comparison below sets their revenue, margins and growth against Amcor's.
Are insiders buying or selling Amcor stock?
Over the last 12 months, Amcor's directors and officers reported 6 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Amcor's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Amcor announces its own schedule.