Sonoco Products (SON) financial statements
Sonoco Products reported revenue of $7.5B in fiscal 2025, up 5.2% a year over 9 years.
Net income was $1.0B and the operating margin 13.5%, against 10.6% in 2016.
Free cash flow was $346M, and the company returned $208M in dividends and $11M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sonoco Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8B | $5.0B | $5.4B | $5.4B | $5.2B | $5.6B | $7.3B | $5.4B | $5.3B | $7.5B |
| Cost of revenue | $3.8B | $4.1B | $4.3B | $4.3B | $4.2B | $4.5B | $4.6B | $4.2B | $4.2B | $5.9B |
| Gross profit | $946M | $959M | $1.0B | $1.1B | $1.0B | $1.1B | $1.2B | $1.2B | $1.1B | $1.6B |
| Research and development | $22M | $21M | $23M | $23M | $22M | $24M | $23M | $24M | $23M | $22M |
| Selling, general and admin | $503M | $508M | $563M | $531M | $528M | $558M | $610M | $645M | $724M | $862M |
| Operating income | $505M | $412M | $438M | $467M | $358M | $487M | $563M | $589M | $327M | $1.0B |
| Interest expense | $54M | $57M | $63M | $67M | $75M | $64M | $102M | $137M | $173M | $233M |
| Pre-tax income | $441M | $315M | $379M | $381M | $256M | -$161M | $460M | $489M | $63M | $765M |
| Income tax | $165M | $147M | $75M | $93M | $53M | -$67M | $96M | $120M | $6M | $184M |
| Net income | $286M | $175M | $314M | $292M | $207M | -$85M | $466M | $475M | $164M | $1.0B |
| EPS (diluted) | $2.81 | $1.74 | $3.10 | $2.88 | $2.05 | -$0.86 | $4.72 | $4.80 | $1.65 | $10.07 |
| Diluted shares | 102M | 101M | 101M | 101M | 101M | 100M | 99M | 99M | 99M | 100M |
| Gross margin | 19.8% | 19.0% | 19.3% | 19.7% | 20.0% | 19.0% | 16.9% | 22.1% | 21.5% | 20.9% |
| Operating margin | 10.6% | 8.2% | 8.1% | 8.7% | 6.8% | 8.7% | 7.8% | 10.8% | 6.2% | 13.5% |
| Net margin | 6.0% | 3.5% | 5.8% | 5.4% | 4.0% | -1.5% | 6.4% | 8.7% | 3.1% | 13.3% |
Balance sheet
Fiscal years, from Sonoco Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $257M | $255M | $120M | $145M | $565M | $171M | $227M | $139M | $431M | $378M |
| Receivables | $625M | $725M | $737M | $698M | $659M | $756M | $863M | $686M | $908M | $843M |
| Inventory | — | — | — | — | — | — | — | — | $1.0B | $1.1B |
| Total current assets | $1.3B | $1.6B | $1.5B | $1.5B | $1.8B | $1.7B | $2.4B | $2.1B | $3.2B | $2.6B |
| Property, plant and equipment | $1.1B | $1.2B | $1.2B | $1.3B | $1.2B | $1.3B | $1.7B | $1.7B | $2.7B | $2.8B |
| Goodwill | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B | $1.3B | $1.7B | $1.3B | $2.5B | $2.5B |
| Total assets | $3.9B | $4.6B | $4.6B | $5.1B | $5.3B | $5.1B | $7.1B | $7.2B | $12.5B | $11.2B |
| Total current liabilities | $803M | $1000M | $1.1B | $1.4B | $1.5B | $1.5B | $1.7B | $1.2B | $4.0B | $2.5B |
| Long-term debt | $1.0B | $1.3B | $1.2B | $1.2B | $1.2B | $1.2B | $2.7B | $3.0B | $5.0B | $3.8B |
| Total liabilities | $2.4B | $2.8B | $2.8B | $3.3B | $3.4B | $3.2B | $5.0B | $4.8B | $10.2B | $7.5B |
| Shareholders' equity | $1.5B | $1.7B | $1.8B | $1.8B | $1.9B | $1.8B | $2.1B | $2.4B | $2.3B | $3.6B |
| Net debt | $796M | $1.2B | $1.3B | $1.5B | $1.1B | $1.4B | $3.0B | $2.9B | $6.6B | $3.9B |
Cash flow
Fiscal years, from Sonoco Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $399M | $348M | $590M | $426M | $706M | $299M | $509M | $883M | $834M | $690M |
| Capital spending | $187M | $189M | $193M | $196M | $194M | $256M | $329M | $363M | $393M | $344M |
| Free cash flow | $212M | $159M | $397M | $230M | $511M | $43M | $180M | $520M | $441M | $346M |
| Stock-based compensation | $19M | $13M | $11M | $14M | $11M | $23M | $31M | $28M | $30M | $18M |
| Dividends paid | $146M | $153M | $161M | $170M | $173M | $179M | $187M | $197M | $203M | $208M |
| Share buybacks (net) | -$107M | -$6M | -$15M | -$10M | -$8M | -$218M | -$5M | -$11M | -$9M | -$11M |
| Net borrowing | $241M | $449M | $227M | $277M | $1.1B | $521M | $1.8B | $963M | $4.1B | $67M |
| Free cash flow margin | 4.4% | 3.2% | 7.4% | 4.3% | 9.8% | 0.8% | 2.5% | 9.6% | 8.3% | 4.6% |
| Dividends per share | $1.44 | $1.52 | $1.60 | $1.68 | $1.71 | $1.79 | $1.89 | $2.00 | $2.05 | $2.09 |
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Open SON in InvestinglyQuestions
What was Sonoco Products's revenue in 2025?
$7.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Sonoco Products generate?
$346M in fiscal 2025 (operating cash flow minus capital spending).
From Sonoco Products's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.