Acco Brands (ACCO) financial statements
Acco Brands reported revenue of $1.5B in fiscal 2025, down 0.2% a year over 9 years.
Net income was $41M and the operating margin 6.1%, against 10.2% in 2016.
Free cash flow was $51M, and the company returned $27M in dividends and $15M in net buybacks.
The diluted share count fell 14% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Acco Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $1.9B | $2.0B | $1.7B | $2.0B | $1.9B | $1.8B | $1.7B | $1.5B |
| Cost of revenue | $1.0B | $1.3B | $1.3B | $1.3B | $1.2B | $1.4B | $1.4B | $1.2B | $1.1B | $1.0B |
| Gross profit | $515M | $657M | $628M | $634M | $492M | $615M | $552M | $598M | $555M | $500M |
| Research and development | $21M | $24M | $24M | $22M | $20M | $27M | $26M | $26M | $23M | $22M |
| Selling, general and admin | $329M | $416M | $392M | $390M | $336M | $393M | $377M | $394M | $366M | $347M |
| Operating income | $159M | $184M | $187M | $196M | $112M | $151M | $35M | $45M | -$37M | $92M |
| Interest expense | $49M | $41M | $41M | $43M | $39M | $46M | $46M | $59M | $53M | $46M |
| Pre-tax income | $125M | $158M | $158M | $164M | $79M | $111M | $15M | -$13M | -$87M | $49M |
| Income tax | $30M | $24M | $51M | $57M | $17M | $10M | $28M | $9M | $14M | $8M |
| Net income | $96M | $132M | $107M | $107M | $62M | $102M | -$13M | -$22M | -$102M | $41M |
| EPS (diluted) | $0.87 | $1.19 | $1.00 | $1.06 | $0.65 | $1.05 | -$0.14 | -$0.23 | -$1.06 | $0.44 |
| Diluted shares | 109M | 111M | 107M | 101M | 96M | 97M | 95M | 95M | 96M | 94M |
| Gross margin | 33.1% | 33.7% | 32.3% | 32.4% | 29.7% | 30.4% | 28.4% | 32.6% | 33.3% | 32.8% |
| Operating margin | 10.2% | 9.5% | 9.6% | 10.0% | 6.8% | 7.5% | 1.8% | 2.4% | -2.2% | 6.1% |
| Net margin | 6.1% | 6.8% | 5.5% | 5.5% | 3.7% | 5.0% | -0.7% | -1.2% | -6.1% | 2.7% |
Balance sheet
Fiscal years, from Acco Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $43M | $77M | $67M | $28M | $37M | $41M | $62M | $66M | $74M | $64M |
| Receivables | $391M | $469M | $428M | $454M | $356M | $416M | $384M | $431M | $349M | $360M |
| Inventory | $210M | $254M | $341M | $283M | $305M | $428M | $395M | $328M | $270M | $289M |
| Total current assets | $671M | $830M | $880M | $806M | $728M | $925M | $882M | $855M | $732M | $750M |
| Property, plant and equipment | $198M | $278M | $264M | $267M | $241M | $215M | $185M | $170M | $138M | $139M |
| Goodwill | $587M | $670M | $709M | $719M | $827M | $802M | $672M | $590M | $446M | $478M |
| Total assets | $2.1B | $2.8B | $2.8B | $2.8B | $3.0B | $3.1B | $2.8B | $2.6B | $2.2B | $2.3B |
| Total current liabilities | $406M | $538M | $599M | $589M | $557M | $709M | $589M | $542M | $490M | $465M |
| Long-term debt | $628M | $889M | $843M | $777M | $1.1B | $954M | $936M | $882M | $783M | $806M |
| Total liabilities | $1.4B | $2.0B | $2.0B | $2.0B | $2.3B | $2.2B | $2.0B | $1.9B | $1.6B | $1.6B |
| Shareholders' equity | $709M | $774M | $790M | $774M | $743M | $865M | $810M | $787M | $606M | $665M |
| Net debt | $590M | $856M | $816M | $779M | $1.1B | $946M | $924M | $852M | $750M | $772M |
Cash flow
Fiscal years, from Acco Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $167M | $205M | $195M | $204M | $119M | $160M | $78M | $129M | $148M | $69M |
| Capital spending | $18M | $31M | $34M | $33M | $15M | $21M | $16M | $14M | $16M | $18M |
| Free cash flow | $149M | $174M | $161M | $171M | $104M | $138M | $61M | $115M | $132M | $51M |
| Stock-based compensation | $19M | $17M | $9M | $10M | $6M | $15M | $10M | $15M | $12M | $12M |
| Dividends paid | $0 | $0 | $25M | $24M | $25M | $26M | $29M | $28M | $28M | $27M |
| Share buybacks (net) | $0 | -$37M | -$75M | -$65M | -$19M | $0 | -$19M | $0 | -$15M | -$15M |
| Net borrowing | -$46M | $188M | -$24M | -$71M | $289M | -$103M | $17M | -$88M | -$75M | -$32M |
| Free cash flow margin | 9.5% | 8.9% | 8.3% | 8.7% | 6.3% | 6.8% | 3.1% | 6.3% | 7.9% | 3.3% |
| Dividends per share | — | — | $0.23 | $0.24 | $0.26 | $0.27 | $0.30 | $0.30 | $0.30 | $0.29 |
Questions
What was Acco Brands's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Acco Brands generate?
$51M in fiscal 2025 (operating cash flow minus capital spending).
From Acco Brands's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.