Silgan (SLGN) financial statements
Silgan reported revenue of $6.5B in fiscal 2025, up 6.7% a year over 9 years.
Net income was $288M.
Free cash flow was $423M, and the company returned $86M in dividends and $75M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Silgan's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $4.1B | $4.4B | $4.5B | $4.9B | $5.7B | $6.4B | $6.0B | $5.9B | $6.5B |
| Cost of revenue | $3.1B | $3.5B | $3.8B | $3.8B | $4.1B | $4.8B | $5.4B | $5.0B | $4.8B | $5.3B |
| Gross profit | $512M | $635M | $690M | $714M | $867M | $918M | $1.0B | $993M | $1.0B | $1.1B |
| Selling, general and admin | $220M | $305M | $308M | $316M | $378M | $378M | $417M | $384M | $438M | $493M |
| Operating income | $300M | $357M | $412M | $359M | — | — | — | — | — | — |
| Interest expense | $68M | $110M | $116M | $106M | $104M | $108M | $126M | $173M | $166M | $189M |
| Pre-tax income | $232M | $240M | $293M | $252M | $407M | $466M | $474M | $422M | $348M | $409M |
| Income tax | $79M | -$30M | $69M | $58M | $98M | $107M | $133M | $96M | $72M | $123M |
| Net income | $153M | $270M | $224M | $194M | $309M | $359M | $341M | $326M | $276M | $288M |
| EPS (diluted) | $1.27 | $2.42 | $2.01 | $1.74 | $2.77 | $3.23 | $3.07 | $2.98 | $2.58 | $2.70 |
| Diluted shares | 120M | 111M | 112M | 112M | 111M | 111M | 111M | 109M | 107M | 107M |
| Gross margin | 14.2% | 15.5% | 15.5% | 15.9% | 17.6% | 16.2% | 16.3% | 16.6% | 17.3% | 17.7% |
| Operating margin | 8.3% | 8.7% | 9.3% | 8.0% | — | — | — | — | — | — |
| Net margin | 4.2% | 6.6% | 5.0% | 4.3% | 6.3% | 6.3% | 5.3% | 5.4% | 4.7% | 4.4% |
Balance sheet
Fiscal years, from Silgan's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $25M | $54M | $73M | $204M | $409M | $631M | $586M | $643M | $823M | $1.1B |
| Receivables | $288M | $455M | $511M | $505M | $620M | $711M | $658M | $600M | $594M | $589M |
| Inventory | $603M | $721M | $635M | $633M | $678M | $799M | $769M | $941M | $928M | $1.1B |
| Total current assets | $962M | $1.3B | $1.3B | $1.4B | $1.8B | $2.3B | $2.1B | $2.3B | $2.5B | $3.0B |
| Property, plant and equipment | $1.2B | $1.5B | $1.5B | $1.6B | $1.8B | $2.0B | $1.9B | $2.0B | $2.3B | $2.4B |
| Goodwill | $605M | $1.2B | $1.1B | $1.1B | $1.7B | $2.0B | $2.0B | $2.0B | $2.3B | $2.5B |
| Total assets | $3.1B | $4.6B | $4.6B | $4.9B | $6.5B | $7.8B | $7.3B | $7.6B | $8.6B | $9.4B |
| Total current liabilities | $862M | $958M | $1.1B | $1.0B | $1.2B | $1.5B | $1.4B | $2.3B | $2.2B | $2.5B |
| Long-term debt | $1.3B | $2.4B | $2.1B | $2.2B | $3.2B | $3.8B | $3.3B | $2.5B | $3.4B | $3.7B |
| Total liabilities | $2.7B | $3.9B | $3.7B | $3.9B | $5.3B | $6.2B | $5.6B | $5.7B | $6.6B | $7.1B |
| Shareholders' equity | $469M | $766M | $881M | $1.0B | $1.3B | $1.6B | $1.7B | $1.9B | $2.0B | $2.3B |
| Net debt | $1.5B | $2.5B | $2.2B | $2.0B | $2.8B | $3.2B | $2.8B | $2.8B | $3.3B | $3.3B |
Cash flow
Fiscal years, from Silgan's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $395M | $390M | $507M | $507M | $603M | $557M | $748M | $483M | $722M | $730M |
| Capital spending | $192M | $174M | $191M | $231M | $224M | $232M | $216M | $227M | $263M | $307M |
| Free cash flow | $203M | $215M | $316M | $276M | $378M | $325M | $533M | $256M | $459M | $423M |
| Stock-based compensation | $13M | $15M | — | — | — | — | — | $16M | $16M | $18M |
| Dividends paid | $41M | $40M | $45M | $51M | $54M | $62M | $72M | $79M | $82M | $86M |
| Share buybacks (net) | -$281M | -$4M | -$8M | -$28M | -$42M | -$9M | -$45M | -$184M | -$9M | -$75M |
| Net borrowing | -$67M | $1.0B | -$286M | $41M | $873M | $600M | -$295M | -$46M | $884M | -$22M |
| Free cash flow margin | 5.6% | 5.3% | 7.1% | 6.2% | 7.7% | 5.7% | 8.3% | 4.3% | 7.8% | 6.5% |
| Dividends per share | $0.34 | $0.36 | $0.40 | $0.46 | $0.48 | $0.56 | $0.65 | $0.72 | $0.77 | $0.80 |
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Open SLGN in InvestinglyQuestions
What was Silgan's revenue in 2025?
$6.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Silgan generate?
$423M in fiscal 2025 (operating cash flow minus capital spending).
From Silgan's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.