Greif (GEF) | Financial Analysis & Statements
Greif Inc. Mid-cap Consumer Cyclical
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jul 2025Income Metrics
Revenue
1.1B
Gross Profit
257.3M
22.68%
Operating Income
100.3M
8.84%
Net Income
69.4M
6.12%
EPS (Diluted)
$1.10
Balance Sheet Metrics
Total Assets
6.7B
Total Liabilities
4.4B
Shareholders Equity
2.3B
Debt to Equity
1.89
Cash Flow Metrics
Operating Cash Flow
195.6M
Free Cash Flow
156.8M
Revenue & Profitability Trend
Quarter Income Flow
Jul 31, 2025
Annual Income Flow
2024
Greif Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 4.4B | 5.2B | 6.3B | 5.6B | 4.5B |
| Cost of Goods Sold | 3.5B | 4.1B | 5.1B | 4.5B | 3.6B |
| Gross Profit | 899.1M | 1.1B | 1.3B | 1.1B | 914.7M |
| Gross Margin % | 20.6% | 22.0% | 20.2% | 19.7% | 20.3% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 589.9M | 549.1M | 581.0M | 565.9M | 516.0M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 589.9M | 549.1M | 581.0M | 565.9M | 516.0M |
| Operating Income | 309.2M | 597.0M | 704.4M | 527.1M | 398.7M |
| Operating Margin % | 7.1% | 11.4% | 11.1% | 9.5% | 8.8% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 46.0M | 96.3M | 61.2M | 92.7M | 115.8M |
| Other Non-Operating Income | 18.5M | -6.0M | -117.5M | 44.2M | -96.8M |
| Pre-tax Income | 281.7M | 494.7M | 525.7M | 478.6M | 186.1M |
| Income Tax | 22.2M | 117.8M | 137.1M | 69.6M | 63.3M |
| Effective Tax Rate % | 7.9% | 23.8% | 26.1% | 14.5% | 34.0% |
| Net Income | 295.5M | 379.1M | 394.0M | 413.2M | 124.3M |
| Net Margin % | 6.8% | 7.3% | 6.2% | 7.4% | 2.8% |
| Key Metrics | |||||
| EBITDA | 560.4M | 813.1M | 912.1M | 747.6M | 638.2M |
| EPS (Basic) | $4.54 | $6.22 | $6.36 | $6.57 | $1.83 |
| EPS (Diluted) | $4.52 | $6.15 | $6.30 | $6.54 | $1.83 |
| Basic Shares Outstanding | 57750000 | 47065459 | 48247401 | 59500000 | 59400000 |
| Diluted Shares Outstanding | 57750000 | 47065459 | 48247401 | 59500000 | 59400000 |
Income Statement Trend
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Greif Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 197.7M | 180.9M | 147.1M | 124.6M | 105.9M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 638.7M | 659.4M | 749.1M | 889.5M | 636.6M |
| Inventory | 328.1M | 338.6M | 403.3M | 499.2M | 293.6M |
| Other Current Assets | 127.5M | 139.2M | 141.3M | 89.9M | 166.7M |
| Total Current Assets | 1.5B | 1.4B | 1.5B | 1.7B | 1.3B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 256.6M | 320.8M | 255.9M | 289.4M | 307.5M |
| Goodwill | 4.2B | 4.2B | 3.5B | 3.7B | 3.8B |
| Intangible Assets | 932.7M | 792.2M | 576.2M | 648.4M | 715.3M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 1.1B | 416.5M | 414.9M | 362.0M | 335.0M |
| Total Non-Current Assets | 5.1B | 4.6B | 4.0B | 4.2B | 4.2B |
| Total Assets | 6.6B | 6.0B | 5.5B | 5.8B | 5.5B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 458.6M | 497.8M | 561.3M | 704.5M | 450.7M |
| Short-term Debt | 166.9M | 150.9M | 126.6M | 224.8M | 203.8M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 242.2M | 136.1M | 173.3M | 204.2M | 201.7M |
| Total Current Liabilities | 1.0B | 939.3M | 1.0B | 1.3B | 1.0B |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.8B | 2.4B | 2.0B | 2.3B | 2.6B |
| Deferred Tax Liabilities | 295.1M | 325.6M | 343.6M | 318.0M | 339.2M |
| Other Non-Current Liabilities | 120.3M | 111.1M | 128.6M | 172.6M | 180.6M |
| Total Non-Current Liabilities | 3.4B | 2.9B | 2.6B | 2.9B | 3.3B |
| Total Liabilities | 4.4B | 3.8B | 3.7B | 4.2B | 4.3B |
| Equity | |||||
| Common Stock | 230.3M | 208.4M | 173.5M | 179.3M | 170.2M |
| Retained Earnings | 2.5B | 2.3B | 2.1B | 1.8B | 1.5B |
| Treasury Stock | 279.0M | 281.9M | 205.1M | 134.1M | 134.4M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 2.2B | 2.1B | 1.8B | 1.6B | 1.2B |
| Key Metrics | |||||
| Total Debt | 3.0B | 2.5B | 2.2B | 2.5B | 2.8B |
| Working Capital | 535.0M | 429.8M | 451.5M | 350.0M | 302.7M |
Balance Sheet Composition
Greif Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 295.5M | 379.1M | 394.0M | 413.2M | 124.3M |
| Depreciation & Amortization | 261.3M | 230.6M | 216.6M | 234.4M | 242.5M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -122.1M | 58.3M | -85.5M | -161.8M | -17.4M |
| Operating Cash Flow | 398.2M | 679.5M | 575.0M | 476.2M | 420.5M |
| Investing Activities | |||||
| Capital Expenditures | -176.8M | -211.0M | -162.7M | 14.0M | -103.4M |
| Acquisitions | -481.5M | -459.2M | 134.5M | -1.0M | 80.9M |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | 0 | - | - | - | - |
| Investing Cash Flow | -658.3M | -670.2M | -32.9M | 46.8M | -25.2M |
| Financing Activities | |||||
| Share Repurchases | 0 | -63.9M | -71.1M | 0 | 0 |
| Dividends Paid | -121.0M | -116.5M | -111.3M | -105.8M | -104.3M |
| Debt Issuance | 2.8B | 2.5B | 4.2B | 1.9B | 1.4B |
| Debt Repayment | -2.4B | -2.2B | -4.5B | -2.2B | -1.7B |
| Financing Cash Flow | 312.0M | 69.0M | -567.3M | -422.9M | -405.3M |
| Free Cash Flow | 164.3M | 429.9M | 474.5M | 248.7M | 317.9M |
| Net Change in Cash | 51.9M | 78.3M | -25.2M | 100.1M | -10.0M |
Cash Flow Trend
Greif Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
28.38
Forward P/E
14.71
Price to Book
1.31
Price to Sales
0.92
PEG Ratio
0.16
Profitability Ratios
Profit Margin
25.04%
Operating Margin
5.68%
Return on Equity
11.96%
Return on Assets
4.04%
Financial Health
Current Ratio
1.23
Debt to Equity
37.51
Beta
0.93
Per Share Data
EPS (TTM)
$2.42
Book Value per Share
$52.34
Revenue per Share
$73.56
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| GEF | 3.8B | 28.38 | 1.31 | 11.96% | 25.04% | 37.51 |
| Smurfit WestRock plc | 21.2B | 29.84 | 1.13 | 3.91% | 2.24% | 81.01 |
| Packaging | 19.2B | 24.51 | 4.06 | 17.20% | 8.61% | 94.93 |
| Berry Global | 7.8B | 14.95 | 3.18 | 20.38% | 5.41% | 308.68 |
| Sealed Air | 6.2B | 14.10 | 5.02 | 47.39% | 9.43% | 331.32 |
| Sonoco Products | 4.8B | 8.05 | 1.34 | 20.15% | 13.58% | 138.14 |
Financial data is updated regularly. All figures are in the company's reporting currency.





