Greif Bros (GEF) financial statements
Greif Bros reported revenue of $4.4B in fiscal 2024, up 2.1% a year over 9 years.
Net income was $269M and the operating margin 7.8%, against 5.3% in 2015.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Greif Bros's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.3B | $3.6B | $3.9B | $4.6B | $4.5B | $5.6B | $6.3B | $4.2B | $4.4B |
| Cost of revenue | $2.9B | $2.6B | $2.9B | $3.1B | $3.6B | $3.6B | $4.5B | $5.1B | $3.2B | $3.5B |
| Gross profit | $670M | $685M | $715M | $789M | $960M | $915M | $1.1B | $1.3B | $929M | $899M |
| Selling, general and admin | $413M | $377M | $380M | $397M | $507M | $516M | $566M | $581M | $510M | $590M |
| Operating income | $193M | $226M | $300M | $370M | $399M | $305M | $585M | $621M | $427M | $338M |
| Pre-tax income | $115M | $141M | $200M | $300M | $262M | $186M | $479M | $526M | $396M | $282M |
| Income tax | $48M | $66M | $67M | $73M | $71M | $63M | $70M | $137M | $98M | $22M |
| Net income | $72M | $75M | $119M | $209M | $171M | $109M | $391M | $377M | $359M | $269M |
| Gross margin | 18.5% | 20.6% | 19.6% | 20.4% | 20.9% | 20.3% | 19.7% | 20.2% | 22.2% | 20.6% |
| Operating margin | 5.3% | 6.8% | 8.2% | 9.6% | 8.7% | 6.8% | 10.5% | 9.8% | 10.2% | 7.8% |
| Net margin | 2.0% | 2.3% | 3.3% | 5.4% | 3.7% | 2.4% | 7.0% | 5.9% | 8.6% | 6.2% |
Balance sheet
Fiscal years, from Greif Bros's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $106M | $104M | $142M | $94M | $77M | $106M | $125M | $147M | $181M | $198M |
| Receivables | $404M | $399M | $447M | $457M | $664M | $637M | $890M | $749M | $659M | $639M |
| Inventory | $297M | $277M | — | — | — | — | — | — | — | — |
| Total current assets | $1.0B | $912M | $994M | $977M | $1.2B | $1.3B | $1.7B | $1.5B | $1.4B | $1.5B |
| Property, plant and equipment | $1.2B | $1.2B | $1.2B | $1.2B | $1.7B | $1.5B | $1.5B | $1.5B | $1.6B | $1.4B |
| Goodwill | $807M | $786M | $785M | $776M | $1.5B | $1.5B | $1.5B | $1.5B | $1.4B | $1.7B |
| Total assets | $3.3B | $3.2B | $3.2B | $3.2B | $5.4B | $5.5B | $5.8B | $5.5B | $6.0B | $6.6B |
| Total current liabilities | $647M | $659M | $688M | $670M | $825M | $1.0B | $1.3B | $1.0B | $939M | $1.0B |
| Long-term debt | $1.1B | $975M | $938M | $884M | $2.7B | $2.3B | $2.1B | $1.8B | $2.1B | $2.6B |
| Total liabilities | $2.3B | $2.2B | $2.2B | $2.0B | $4.2B | $4.3B | $4.2B | $3.7B | $4.0B | $4.5B |
| Shareholders' equity | $1.0B | $947M | $1.0B | $1.1B | $1.1B | $1.2B | $1.5B | $1.8B | $1.9B | $2.1B |
| Net debt | $1.0B | $871M | $810M | $809M | $2.7B | $2.4B | $2.1B | $1.8B | $2.0B | $2.5B |
Cash flow
Fiscal years, from Greif Bros's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $206M | $301M | $305M | $253M | $390M | $455M | $396M | $658M | $650M | $356M |
| Capital spending | $136M | $100M | $97M | $140M | $157M | — | — | — | — | — |
| Free cash flow | $70M | $201M | $208M | $113M | $233M | — | — | — | — | — |
| Stock-based compensation | $3M | $3M | $3M | $6M | $13M | -$1M | $34M | $34M | $21M | $17M |
| Dividends paid | $99M | $99M | $99M | $100M | $104M | $104M | $106M | $111M | $116M | $121M |
| Share buybacks (net) | $0 | -$5M | $0 | $0 | — | $0 | $0 | -$71M | -$64M | $0 |
| Net borrowing | $45M | -$12M | -$218M | -$56M | $1.7B | -$242M | -$349M | -$226M | $256M | $485M |
| Free cash flow margin | 1.9% | 6.0% | 5.7% | 2.9% | 5.1% | — | — | — | — | — |
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What was Greif Bros's revenue in 2024?
$4.4B in fiscal 2024, from its 10-K filing.
From Greif Bros's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.