Silgan Holdings Inc key statistics and ratios
In fiscal 2025, Silgan Holdings Inc had return on equity of 13.5%, a net margin of 4.4%, debt equal to 191.9% of equity and a current ratio of 1.22. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 15.0% | 15.4% | 14.8% | 14.4% | 14.8% | 15.3% | 14.7% | 14.2% | 15.5% | 15.5% | 15.9% | 17.6% | 16.2% | 16.3% | 16.6% | 17.3% | 17.7% | 17.1% |
| Operating margin | 9.7% | 9.2% | 10.1% | 9.1% | 8.7% | 9.2% | 8.5% | 8.3% | 8.7% | 9.3% | 8.0% | — | — | — | — | — | — | — |
| Net margin | 5.2% | 4.7% | 5.5% | 4.2% | 5.0% | 4.7% | 4.6% | 4.2% | 6.6% | 5.0% | 4.3% | 6.3% | 6.3% | 5.3% | 5.4% | 4.7% | 4.4% | 4.0% |
| Free-cash-flow margin | 7.3% | 2.7% | 5.3% | 6.5% | 6.7% | 5.3% | 2.6% | 5.6% | 5.3% | 7.1% | 6.2% | 7.7% | 5.7% | 8.3% | 4.3% | 7.8% | 6.5% | 5.1% |
| Return on equity | 23.2% | 23.3% | 31.9% | 21.4% | 25.3% | 25.6% | 25.6% | 27.7% | 43.7% | 27.2% | 20.4% | 27.1% | 25.5% | 20.8% | 18.1% | 14.3% | 13.5% | 11.6% |
| Return on assets | 7.2% | 6.6% | 7.5% | 4.8% | 5.6% | 5.5% | 5.3% | 4.8% | 6.9% | 4.9% | 4.1% | 5.4% | 5.0% | 4.5% | 4.4% | 3.4% | 3.2% | 2.8% |
| Asset turnover | 1.38 | 1.40 | 1.36 | 1.14 | 1.12 | 1.19 | 1.16 | 1.14 | 1.05 | 0.96 | 0.94 | 0.86 | 0.80 | 0.85 | 0.80 | 0.72 | 0.72 | 0.70 |
| Current ratio | 2.15 | 2.09 | 2.24 | 1.96 | 1.75 | 1.71 | 1.34 | 1.12 | 1.35 | 1.20 | 1.38 | 1.51 | 1.52 | 1.48 | 1.02 | 1.12 | 1.22 | 1.27 |
| Debt to equity | 116.6% | 163.4% | 209.9% | 221.8% | 238.7% | 225.2% | 238.7% | 334.7% | 334.7% | 263.0% | 220.7% | 261.2% | 244.2% | 200.4% | 182.1% | 208.6% | 191.9% | 203.8% |
| Interest cover (operating income ÷ interest) | 6.0x | 5.2x | 5.6x | 5.2x | 4.8x | 4.8x | 4.8x | 4.4x | 3.2x | 3.5x | 3.4x | — | — | — | — | — | — | — |
| Effective tax rate | 35.6% | 34.8% | 33.4% | 32.4% | 27.2% | 35.9% | 31.8% | 33.9% | −12.5% | 23.6% | 23.1% | 24.2% | 23.0% | 28.1% | 22.8% | 20.7% | 30.2% | 31.6% |
| SG&A as % of revenue | 5.3% | 5.4% | 4.5% | 5.1% | 5.7% | 5.7% | 5.8% | 6.1% | 7.5% | 6.9% | 7.0% | 7.7% | 6.7% | 6.5% | 6.4% | 7.5% | 7.6% | 7.5% |
| Capital spending as % of revenue | 3.2% | 3.4% | 4.9% | 3.3% | 2.8% | 3.6% | 6.3% | 5.3% | 4.3% | 4.3% | 5.1% | 4.6% | 4.1% | 3.4% | 3.8% | 4.5% | 4.7% | 4.5% |
| Free cash flow ÷ net income | 140.0% | 56.6% | 96.6% | 153.6% | 133.5% | 113.9% | 57.1% | 132.2% | 79.9% | 140.9% | 142.6% | 122.5% | 90.4% | 156.3% | 78.5% | 166.1% | 146.6% | 126.8% |
| Dividends ÷ net income | 18.4% | 22.1% | 16.1% | 22.3% | 19.5% | 21.2% | 23.0% | 26.7% | 15.0% | 19.9% | 26.2% | 17.4% | 17.4% | 21.1% | 24.2% | 29.7% | 29.7% | 32.4% |
| Dividends and buybacks ÷ free cash flow | 13.6% | 341.5% | 25.1% | 29.2% | 122.7% | 30.5% | 216.1% | 158.7% | 20.7% | 16.6% | 28.4% | 25.3% | 21.9% | 22.0% | 102.8% | 19.9% | 38.0% | 47.7% |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 16.8% | 16.9% | 18.4% | 19.4% | 16.3% | 17.2% | 17.0% | 17.9% |
| Net margin | 5.7% | 3.2% | 4.6% | 5.8% | 5.6% | 1.2% | 4.0% | 4.6% |
| Free-cash-flow margin | 14.5% | 61.3% | −52.2% | −19.1% | 13.0% | 83.2% | −56.5% | −15.7% |
| Current ratio | 1.09 | 1.12 | 1.14 | 0.96 | 1.27 | 1.22 | 1.26 | 1.27 |
| Debt to equity | 185.4% | 207.9% | 222.2% | 227.3% | 217.7% | 191.1% | 200.8% | 203.2% |
| SG&A as % of revenue | 6.1% | 8.8% | 8.8% | 7.9% | 6.1% | 8.1% | 8.4% | 7.7% |
Financial health
- Short-term assets cover short-term liabilities $3.3bn of assets due within a year against $2.6bn of liabilities due within a year.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt $352m of cash against $4.8bn of debt.
- Debt below 40% of shareholders' equity Debt is 203% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 241% to 203% over five years.
- A year's operating cash flow covers at least 20% of debt $641m of operating cash flow against $4.8bn of debt.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Moat
Moderate moat
How hard Silgan's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 4 / 20
Net income has been a median 3.9% of total assets over 10 years.
- Pricing power 8 / 20
Gross margin has been a median 16.6%, moving by 0.8 percentage points (standard deviation) across 10 years.
- Durability 12 / 20
Operating margin has been a median 8.9%; its worst year was 8.3%.
- Cash conversion 13 / 20
Free cash flow was positive in 10 of 10 years, at a median 5.4% of revenue.
- Discipline 18 / 20
The diluted share count fell 4.7% over five years; stock-based pay has been a median 0.3% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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