NYSE : GEF
Greif, Inc. — Financial statements
Consumer Discretionary · Packaging & Containers · United States
Last price 81.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.66B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Greif, Inc. (GEF) reported revenue of 4.30B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.30B | 4.29B | 4.35B | 4.18B | 6.35B | 5.56B |
| Cost of Revenue | 3.33B | 3.34B | 3.46B | 3.25B | 5.06B | 4.46B |
| Gross Profit | 969.03M | 950.73M | 899.10M | 928.60M | 1.29B | 1.09B |
| Selling, General & Admin | 648.65M | 649.75M | 580.10M | 503.80M | 575.70M | 565.20M |
| Operating Expenses | 648.65M | 649.75M | 580.10M | 503.80M | 575.70M | 565.20M |
| Operating Income | 320.38M | 300.98M | 319.00M | 424.80M | 709.70M | 527.80M |
| Interest Expense | -41.40M | -61.20M | -46.00M | -15.70M | -61.20M | -92.70M |
| Earnings From Equity Investments | -863.64K | -763.64K | 3.10M | 2.20M | 5.40M | 4.20M |
| Currency Exchange Gain (Loss) | -372.73K | 327.27K | 1.10M | 1.20M | -6.40M | 400.00K |
| Other Non Operating Income (Expenses) | -17.31M | -15.71M | -21.00M | -18.90M | -7.80M | -5.90M |
| EBT Excluding Unusual Items | 260.44M | 223.64M | 256.20M | 393.60M | 639.70M | 433.80M |
| Merger & Restructuring Charges | -85.14M | -76.04M | -23.90M | -37.70M | -21.70M | -32.20M |
| Gain (Loss) on Sale of Assets | 218.61M | 6.11M | 55.10M | 66.50M | 9.50M | 99.20M |
| Asset Writedown | -22.75M | -41.35M | -2.60M | -20.30M | -71.00M | -8.90M |
| Other Unusual Items | -4.40M | -3.50M | -25.40M | -9.10M | ||
| Pretax Income | 366.76M | 112.36M | 284.80M | 398.60M | 531.10M | 482.80M |
| Income Tax Expense | 116.59M | 70.69M | 22.20M | 98.10M | 137.10M | 69.60M |
| Earnings From Continuing Operations | 250.17M | 41.67M | 262.60M | 300.50M | 394.00M | 413.20M |
| Earnings From Discontinued Operations | 836.09M | 899.89M | 32.90M | 78.60M | ||
| Net Income to Company | 1.09B | 941.56M | 295.50M | 379.10M | 394.00M | 413.20M |
| Minority Interest in Earnings | -21.60M | -25.20M | -26.70M | -19.90M | -17.30M | -22.50M |
| Net Income | 1.06B | 916.36M | 268.80M | 359.20M | 376.70M | 390.70M |
| Net Income to Common | 1.06B | 916.36M | 268.80M | 359.20M | 376.70M | 390.70M |
| Shares Outstanding (Basic) | 57.42M | 58.07M | 57.75M | 57.80M | 59.25M | 59.54M |
| Shares Outstanding (Diluted) | 57.80M | 58.07M | 57.97M | 58.21M | 59.60M | 59.67M |
| EPS (Basic) | 18.54 | 4.65 | 6.21 | 6.36 | 6.56 | |
| EPS (Diluted) | 18.42 | 4.64 | 6.17 | 6.32 | 6.55 | |
| Free Cash Flow | -237.48M | -95.78M | 164.30M | 429.90M | 474.50M | 248.70M |
| Free Cash Flow Per Share | -4.11 | -1.65 | 2.83 | 7.39 | 7.96 | 4.17 |
| Dividend Per Share | 4.14 | 2.40 | 2.12 | 2.04 | 1.92 | 1.80 |
| Gross Margin | 22.52% | 22.16% | 20.65% | 22.24% | 20.24% | 19.67% |
| Operating Margin | 7.45% | 7.02% | 7.32% | 10.17% | 11.18% | 9.50% |
| Profit Margin | 24.74% | 21.36% | 6.17% | 8.60% | 5.93% | 7.03% |
| Free Cash Flow Margin | -5.52% | -2.23% | 3.77% | 10.30% | 7.47% | 4.48% |
| EBITDA | 580.12M | 559.42M | 580.30M | 655.40M | 926.30M | 762.20M |
| EBITDA Margin | 13.48% | 13.04% | 13.33% | 15.70% | 14.59% | 13.72% |
| D&A For EBITDA | 259.74M | 258.44M | 261.30M | 230.60M | 216.60M | 234.40M |
| EBIT | 320.38M | 300.98M | 319.00M | 424.80M | 709.70M | 527.80M |
| EBIT Margin | 7.45% | 7.02% | 7.32% | 10.17% | 11.18% | 9.50% |
| Effective Tax Rate | 31.79% | 62.91% | 7.80% | 24.61% | 25.81% | 14.42% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 288.50M | 256.70M | 197.70M | 180.90M | 147.10M | 124.60M |
| Cash & Short-Term Investments | 288.50M | 256.70M | 197.70M | 180.90M | 147.10M | 124.60M |
| Accounts Receivable | 747.00M | 655.30M | 638.70M | 659.40M | 749.10M | 889.50M |
| Receivables | 747.00M | 655.30M | 638.70M | 659.40M | 749.10M | 889.50M |
| Inventory | 379.60M | 336.80M | 328.10M | 338.60M | 403.30M | 499.20M |
| Prepaid Expenses | 62.80M | 55.60M | 55.00M | 46.00M | 57.30M | 54.00M |
| Other Current Assets | 157.10M | 126.00M | 329.90M | 144.20M | 142.60M | 96.80M |
| Total Current Assets | 1.64B | 1.43B | 1.55B | 1.37B | 1.50B | 1.66B |
| Property, Plant & Equipment | 1.35B | 1.36B | 1.64B | 1.88B | 1.71B | 1.81B |
| Goodwill | 1.72B | 1.70B | 1.66B | 1.69B | 1.46B | 1.52B |
| Other Intangible Assets | 794.20M | 840.90M | 932.70M | 792.20M | 576.20M | 648.40M |
| Long-Term Deferred Tax Assets | 32.20M | 26.50M | 36.90M | 22.90M | 10.10M | 16.30M |
| Long-Term Deferred Charges | 2.50M | 1.50M | ||||
| Other Long-Term Assets | 169.80M | 415.20M | 833.50M | 200.20M | 208.80M | 161.00M |
| Total Assets | 5.70B | 5.77B | 6.65B | 5.96B | 5.47B | 5.82B |
| Accounts Payable | 497.30M | 429.60M | 458.60M | 497.80M | 561.30M | 704.50M |
| Accrued Expenses | 120.40M | 137.90M | 141.80M | 137.70M | 174.40M | 160.30M |
| Short-Term Debt | 330.50M | 287.70M | 18.60M | 5.40M | 5.70M | 50.50M |
| Current Portion of Long-Term Debt | 12.50M | 95.80M | 88.30M | 71.10M | 120.30M | |
| Current Portion of Leases | 46.00M | 49.40M | 52.50M | 57.20M | 49.80M | 54.00M |
| Other Current Liabilities | 261.70M | 225.00M | 247.10M | 152.90M | 185.60M | 224.50M |
| Total Current Liabilities | 1.27B | 1.13B | 1.01B | 939.30M | 1.05B | 1.31B |
| Long-Term Debt | 687.40M | 914.80M | 2.63B | 2.12B | 1.84B | 2.05B |
| Long-Term Leases | 157.20M | 173.20M | 207.90M | 268.10M | 209.60M | 239.50M |
| Pension & Post-Retirement Benefits | 63.30M | 64.60M | 64.80M | 62.50M | 65.20M | 89.30M |
| Long-Term Deferred Tax Liabilities | 224.70M | 250.20M | 295.10M | 325.60M | 343.60M | 318.00M |
| Other Long-Term Liabilities | 173.00M | 189.70M | 191.80M | 132.30M | 154.20M | 200.40M |
| Total Liabilities | 2.57B | 2.72B | 4.40B | 3.85B | 3.66B | 4.22B |
| Common Stock | 295.80M | 247.30M | 230.30M | 208.40M | 173.50M | 179.30M |
| Retained Earnings | 3.36B | 3.19B | 2.49B | 2.34B | 2.10B | 1.83B |
| Treasury Stock | -417.70M | -276.50M | -279.00M | -281.90M | -205.10M | -134.10M |
| Comprehensive Income & Other | -239.20M | -250.80M | -355.10M | -316.50M | -302.30M | -356.50M |
| Total Common Equity | 3.00B | 2.91B | 2.08B | 1.95B | 1.76B | 1.51B |
| Minority Interest | 130.80M | 129.80M | 165.00M | 163.70M | 48.80M | 85.40M |
| Shareholders' Equity | 3.13B | 3.04B | 2.25B | 2.11B | 1.81B | 1.60B |
| Total Liabilities & Equity | 5.70B | 5.77B | 6.65B | 5.96B | 5.47B | 5.82B |
| Total Debt | 1.23B | 1.43B | 3.00B | 2.54B | 2.18B | 2.52B |
| Net Cash (Debt) | -945.10M | -1.17B | -2.80B | -2.36B | -2.03B | -2.39B |
| Net Cash Per Share | -16.35 | -20.12 | -48.35 | -40.54 | -34.03 | -40.13 |
| Filing Date Shares Outstanding | 56.85M | 57.98M | 57.85M | 57.47M | 58.21M | 59.56M |
| Total Common Shares Outstanding | 56.82M | 58.17M | 57.85M | 57.47M | 58.36M | 59.56M |
| Working Capital | 366.60M | 300.80M | 535.00M | 429.80M | 451.50M | 350.00M |
| Book Value Per Share | 52.79 | 50.11 | 36.00 | 33.89 | 30.18 | 25.42 |
| Tangible Book Value | 486.20M | 377.50M | -505.80M | -537.30M | -279.40M | -649.50M |
| Tangible Book Value Per Share | 8.56 | 6.49 | -8.74 | -9.35 | -4.79 | -10.90 |
| Land | 121.00M | 124.70M | 141.30M | 153.70M | 154.80M | 161.90M |
| Buildings | 511.30M | 497.40M | 497.00M | 544.30M | 515.10M | 543.80M |
| Machinery | 1.81B | 1.74B | 1.66B | 2.14B | 1.97B | 2.04B |
| Construction In Progress | 182.20M | 151.20M | 141.80M | 200.50M | 182.90M | 137.20M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.06B | 916.36M | 268.80M | 359.20M | 376.70M | 390.70M |
| Depreciation & Amortization | 259.74M | 258.44M | 261.30M | 230.60M | 216.60M | 234.40M |
| Loss (Gain) From Sale of Assets | -214.81M | -6.11M | -55.10M | -66.50M | -9.50M | -99.20M |
| Asset Writedown & Restructuring Costs | 22.75M | 41.35M | 2.60M | 20.30M | 71.00M | 8.90M |
| Other Operating Activities | 128.35M | 50.95M | 200.00K | 47.60M | 88.20M | 23.00M |
| Change in Accounts Receivable | -74.23M | 2.07M | -43.40M | 130.30M | 25.10M | -247.50M |
| Change in Inventory | -53.65M | -11.45M | -26.40M | 101.00M | 6.10M | -205.60M |
| Change in Accounts Payable | 49.59M | -46.91M | 18.90M | -79.80M | -40.50M | 230.40M |
| Change in Other Net Operating Assets | -10.75M | 55.75M | -71.20M | -93.20M | -76.20M | 60.90M |
| Operating Cash Flow | -52.17M | 63.93M | 356.00M | 649.50M | 657.50M | 396.00M |
| Capital Expenditures | -185.31M | -159.71M | -191.70M | -219.60M | -183.00M | -147.30M |
| Sale of Property, Plant & Equipment | 469.89M | 32.29M | 14.90M | 8.60M | 20.30M | 16.20M |
| Cash Acquisitions | -64.49M | -7.09M | -570.50M | -564.50M | -4.70M | -3.70M |
| Divestitures | 1.94B | 1.94B | 89.00M | 105.30M | 139.20M | 2.70M |
| Sale (Purchase) of Real Estate | 145.10M | |||||
| Other Investing Activities | 9.37M | 28.47M | 48.80M | |||
| Investing Cash Flow | 2.19B | 1.84B | -658.30M | -670.20M | -28.20M | 46.80M |
| Short-Term Debt Issued | 21.10M | |||||
| Long-Term Debt Issued | 2.84B | 2.47B | 4.22B | 1.91B | ||
| Total Debt Issued | 3.00B | 2.38B | 2.84B | 2.47B | 4.22B | 1.93B |
| Short-Term Debt Repaid | -12.30M | -700.00K | -36.30M | |||
| Long-Term Debt Repaid | -2.34B | -2.17B | -4.47B | -2.24B | ||
| Total Debt Repaid | -4.83B | -4.08B | -2.35B | -2.18B | -4.51B | -2.24B |
| Net Debt Issued (Repaid) | -1.83B | -1.69B | 489.40M | 290.70M | -289.10M | -309.30M |
| Repurchase of Common Stock | -160.57M | -8.07M | -10.60M | -77.60M | -71.10M | |
| Common Dividends Paid | -113.49M | -110.29M | -121.00M | -116.50M | -111.30M | -105.80M |
| Other Financing Activities | -30.26M | -73.96M | -33.50M | -26.90M | -59.50M | -7.80M |
| Financing Cash Flow | -2.13B | -1.88B | 324.30M | 69.70M | -531.00M | -422.90M |
| Foreign Exchange Rate Adjustments | 19.86M | 48.76M | -5.20M | -15.20M | -75.80M | -1.70M |
| Miscellaneous Cash Flow Adjustments | 500.00K | |||||
| Net Cash Flow | 20.56M | 64.36M | 16.80M | 33.80M | 22.50M | 18.70M |
| Free Cash Flow | -237.48M | -95.78M | 164.30M | 429.90M | 474.50M | 248.70M |
| Free Cash Flow Margin | -5.52% | -2.23% | 3.77% | 10.30% | 7.47% | 4.48% |
| Free Cash Flow Per Share | -4.11 | -1.65 | 2.83 | 7.39 | 7.96 | 4.17 |
| Levered Free Cash Flow | 152.43M | 318.99M | 492.51M | 386.84M | ||
| Unlevered Free Cash Flow | 181.18M | 328.80M | 530.76M | 444.77M | ||
| Cash Interest Paid | 149.89M | 149.89M | 157.10M | 112.90M | 70.30M | 104.50M |
| Cash Income Tax Paid | 473.78M | 473.78M | 107.50M | 155.20M | 157.00M | 54.70M |
| Change in Working Capital | -89.05M | -545.46K | -122.10M | 58.30M | -85.50M | -161.80M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.66B | 2.88B | 3.04B | 2.98B | 3.25B | 3.15B |
| Enterprise Value | 5.61B | 5.67B | 6.27B | 5.40B | 5.49B | 5.70B |
| Last Close Price | 81.99 | 57.84 | 58.33 | 57.37 | 58.01 | 54.96 |
| PE Ratio | 4.45 | 3.14 | 11.32 | 8.31 | 8.64 | 8.07 |
| Forward PE | 17.55 | 15.70 | 15.87 | 11.05 | 8.50 | 10.61 |
| PS Ratio | 1.08 | 0.67 | 0.70 | 0.71 | 0.51 | 0.57 |
| PB Ratio | 1.55 | 0.94 | 1.35 | 1.41 | 1.80 | 1.97 |
| P/TBV Ratio | 9.59 | 7.62 | ||||
| P/FCF Ratio | 18.51 | 6.94 | 6.86 | 12.68 | ||
| P/OCF Ratio | 45.02 | 8.54 | 4.59 | 4.95 | 7.96 | |
| PEG Ratio | 0.64 | 2.28 | 2.12 | 1.47 | 0.85 | 1.41 |
| EV/Sales Ratio | 1.30 | 1.32 | 1.44 | 1.29 | 0.86 | 1.02 |
| EV/EBITDA Ratio | 9.66 | 10.13 | 10.80 | 8.24 | 5.93 | 7.47 |
| EV/EBIT Ratio | 17.50 | 18.83 | 19.64 | 12.71 | 7.74 | 10.79 |
| EV/FCF Ratio | 38.13 | 12.55 | 11.58 | 22.91 | ||
| Debt / Equity Ratio | 0.39 | 0.47 | 1.33 | 1.20 | 1.20 | 1.57 |
| Debt / EBITDA Ratio | 2.13 | 2.55 | 4.49 | 3.40 | 2.20 | 3.03 |
| Debt / FCF Ratio | 18.27 | 5.91 | 4.58 | 10.13 | ||
| Net Debt / Equity Ratio | 0.30 | 0.38 | 1.25 | 1.12 | 1.12 | 1.50 |
| Net Debt / EBITDA Ratio | 1.63 | 2.09 | 4.83 | 3.60 | 2.19 | 3.14 |
| Net Debt / FCF Ratio | -3.98 | -12.20 | 17.06 | 5.49 | 4.28 | 9.63 |
| Asset Turnover | 0.69 | 0.73 | 1.12 | 0.98 | ||
| Inventory Turnover | 10.37 | 8.75 | 11.22 | 11.26 | ||
| Quick Ratio | 0.82 | 0.81 | 0.82 | 0.90 | 0.85 | 0.77 |
| Current Ratio | 1.29 | 1.27 | 1.53 | 1.46 | 1.43 | 1.27 |
| Return on Equity (ROE) | 12.05% | 15.32% | 23.11% | 29.30% | ||
| Return on Assets (ROA) | 3.16% | 4.64% | 7.86% | 5.83% | ||
| Return on Invested Capital (ROIC) | 5.41% | 2.41% | 6.18% | 7.71% | 13.44% | 11.37% |
| Return on Capital Employed (ROCE) | 7.20% | 6.50% | 5.70% | 8.50% | 16.00% | 11.70% |
| Earnings Yield | 22.46% | 31.84% | 8.84% | 12.04% | 11.58% | 12.39% |
| FCF Yield | -5.10% | -3.33% | 5.40% | 14.41% | 14.58% | 7.89% |
| Dividend Yield | 3.02% | 4.85% | 4.03% | 3.93% | 3.44% | 3.40% |
| Payout Ratio | 13.46% | 12.04% | 45.02% | 32.43% | 29.55% | 27.08% |
| Buyback Yield / Dilution | 0.68% | -0.17% | 0.40% | 2.34% | 0.11% | -0.45% |
| Total Shareholder Return | 3.71% | 4.68% | 4.43% | 6.27% | 3.55% | 2.95% |