undamentalytics Newsletter
Sign in

Amcor key statistics and ratios

In fiscal 2026, Amcor had return on equity of 9.4%, an operating margin of 8.1%, debt equal to 118.8% of equity and a current ratio of 1.25. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2017Jun 20172018Jun 20182019Jun 20192020Jun 20202021Jun 20212022Jun 20222023Jun 20232024Jun 20242025Jun 20252026Jun 2026
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%
Free-cash-flow margin5.8%5.4%4.7%7.9%7.7%6.9%5.0%6.1%5.4%5.2%
Return on equity96.0%94.7%13.8%12.0%20.0%18.2%25.9%18.5%6.5%9.4%
Return on assets—6.4%3.3%3.6%5.6%4.7%6.1%4.4%1.9%3.0%
Asset turnover—1.030.720.740.760.840.850.810.560.63
Current ratio—0.721.151.141.211.151.191.171.211.25
Debt to equity0.0%773.7%108.8%134.8%132.0%159.0%167.6%172.6%120.2%118.8%
Interest cover (operating income ÷ interest)4.8x4.7x3.8x4.8x8.6x7.8x5.2x3.5x2.5x2.8x
Effective tax rate20.8%16.4%28.5%22.7%21.9%26.9%15.4%18.0%20.8%14.1%
R&D as % of revenue0.8%0.8%0.7%0.8%0.8%0.7%0.7%0.8%0.8%0.7%
SG&A as % of revenue9.3%8.5%10.6%11.1%10.0%8.8%7.4%8.0%8.0%8.2%
Capital spending as % of revenue4.2%3.9%3.5%3.2%3.6%3.6%3.6%3.6%3.9%3.9%
Free cash flow ÷ net income93.9%88.0%103.2%160.8%105.8%124.1%70.1%113.6%158.5%111.1%
Dividends ÷ net income86.7%91.6%158.1%124.3%79.0%90.9%69.0%98.9%165.4%108.0%
Dividends and buybacks ÷ free cash flow92.4%104.0%153.2%131.9%110.1%133.4%157.1%90.7%104.3%97.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: AMCR vs IPAMCR vs SWAMCR vs PKG

More: Paper & Plastic Packaging Products & Materials stocks compared, Materials sector, rankings of US companies

Figures from Amcor's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Amcor.