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NEW YORK STOCK EXCHANGE, INC. · Packaging · CIK 0001748790
$46.28
+2.23% · live
Updated
$21.40B market value
From Amcor plc's FY2026 10-K, filed Aug 14, 2026 · read the filing
Amcor makes consumer goods such as jewellery, toys and sporting goods. It took in $23.51B last year, which makes it a large company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is led by growth and accounting, with profitability worth watching, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Changed its auditor, in a filing on 2026-08-14.
Form 8-K, item 4.01 · Read the filing
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 1.39
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From Amcor plc's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Revenue
$15.01B → $23.51B
Gross profit
$2.83B → $4.69B
Operating income
$1.01B → $1.90B
Profit
$511.0M → $1.11B
Measured against FY2025, from the 10-K filed Aug 14, 2026
Improved: +56.6%
$15.01B to $23.51BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote live), and what was published around it
AMCR rose 2.23% on the latest quote. The S&P 500 moved −1.04%. That is 3.3 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 10% a year for the next 10 years. Over the last 9 years it grew by about 10% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $1.11B last year.
Yes, quickly. Sales grew 56.6% last year.
Manageable, but notable. Clearing its debt would take about 6.0 years of cash flow. For every $1 it owes, it owns $1.47 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 108 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 56% of the cash its operations generated. It has paid in each of the last 10 years.
WeakFigures from the FY2026 annual filing
Last year it earned $1.11B and generated $2.15B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 14, 2026Filing for FY2026 | FY202510-K · Aug 15, 2025Filing for FY2025 | FY202410-K · Aug 15, 2025Filing for FY2024 | FY202310-K · Aug 15, 2025Filing for FY2023 | FY202210-K · Aug 18, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $23.51B | $15.01B | $13.64B | $14.69B | $14.54B | +56.6% |
| Cost of revenue | $18.82B | $12.18B | $10.93B | $11.97B | $11.72B | +54.5% |
| Gross profit | $4.69B | $2.83B | $2.71B | $2.73B | $2.82B | +65.5% |
| Gross marginGross profit ÷ revenueWhat is this? | 20.0% | 18.9% | 19.9% | 18.5% | 19.4% | +1.1 pts |
| Selling, general and administrative | $1.93B | $1.21B | $1.09B | $1.09B | $1.28B | +60.2% |
| Operating income | $1.90B | $1.01B | $1.21B | $1.51B | $1.24B | +88.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 8.1% | 6.7% | 8.9% | 10.3% | 8.5% | +1.4 pts |
| Interest expense | $676.0M | $396.0M | $348.0M | $290.0M | $159.0M | +70.7% |
| Income before tax | $1.28B | $650.0M | $907.0M | $1.25B | $1.11B | +97.2% |
| Net income | $1.11B | $511.0M | $730.0M | $1.05B | $805.0M | +116.4% |
| Net marginNet income ÷ revenueWhat is this? | 4.7% | 3.4% | 5.4% | 7.1% | 5.5% | +1.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.39 | $0.2217 | $0.5051 | $0.7235 | $0.5406 | +979.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Others in the same industry
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 38,155 shares
Holds 193,444 shares after this filing.
Had shares withheld to cover taxes — 9,279 shares at $41.80 ($387.9K)
Holds 184,165 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingChanged its auditor
Read the filingWrite down why you are following Amcor plc, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 10 subsidiaries named in its 10-K, incorporated across 3 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from AMCR's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Aug 14, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.0 | 8/9 | 10-K, filed Aug 14, 2026 |
| FY2025 | 4.0 | 5/9 | 10-K, filed Aug 15, 2025 |
| FY2024 | 6.0 | 5/9 | 10-K, filed Aug 16, 2024 |
| FY2023 | 7.0 | 7/9 | 10-K, filed Aug 17, 2023 |
| FY2022 | 7.0 | 5/9 | 10-K, filed Aug 18, 2022 |
| FY2021 | 6.0 | 8/9 | 10-K, filed Aug 24, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
8 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.39
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.50
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +65.5%
$2.83B to $4.69BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +88.2%
$1.01B to $1.90BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +116.4%
$511.0M to $1.11BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +51.7%
$810.0M to $1.23BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +979.2%
$0.22 to $2.39Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -79.9%
2.31B to 462.3MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +41.4%
$845.0M to $1.20BCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: +59.0%
$580.0M to $922.0MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +34.8%
$827.0M to $1.11BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +1.1 pts
18.9% to 20.0%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.4 pts
6.7% to 8.1%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.3 pts
3.4% to 4.7%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 8% and 12%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 20 analysts covering this company, as of . Their views, not this site's.
Of 20 analysts publishing on this company, 5 say strong buy, 8 say buy and 7 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 23.4x — investors pay $23.4 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Exercised stock options — 2,335 shares
Holds 15,895 shares after this filing.
Had shares withheld to cover taxes — 1,035 shares at $42.25 ($43.7K)
Holds 14,860 shares after this filing.
Exercised stock options — 567 shares
Holds 9,760 shares after this filing.
Had shares withheld to cover taxes — 164 shares at $42.25 ($6.9K)
Holds 9,596 shares after this filing.
Exercised stock options — 2,890 shares
Holds 31,278 shares after this filing.
Had shares withheld to cover taxes — 1,050 shares at $42.25 ($44.4K)
Holds 30,228 shares after this filing.
Exercised stock options — 3,406 shares
Holds 95,563 shares after this filing.
Exercised stock options — 5,313 shares
Holds 157,218 shares after this filing.
Had shares withheld to cover taxes — 1,929 shares at $42.25 ($81.5K)
Holds 155,289 shares after this filing.
Exercised stock options — 15,899 shares
Holds 175,203 shares after this filing.
Had shares withheld to cover taxes — 843 shares at $42.25 ($35.6K)
Holds 174,360 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Annual report for FY2026
Revenue +56.6% · Operating margin +1.4 pts · Gross profit +65.5% — against FY2025
Published results
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2026
Revenue +77.4% · Operating margin −1.6 pts · Gross profit +82.0% — against Q3 FY2025
Read the filingAmended its charter or changed its financial year
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingQuarterly report for Q2 FY2026
Revenue +68.1% · Operating margin −3.1 pts · Gross profit +66.0% — against Q2 FY2025
Read the filingPublished results
Read the filingChanged the rights attached to its shares · Amended its charter or changed its financial year
Read the filingReported another event
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +71.3% · Operating margin −1.3 pts · Gross profit +70.6% — against Q1 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingSource: Exhibit 21 of the 10-K filed 2026-08-14. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research