Is the business good?
How good a business is AMCR?
Amcor earns 4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.1%
Return on invested capital · cost of capital 9.0% · 4.9 points below what the capital costs: growth destroys value
- Operating margin
- 6.0%
Operating margin · Packaging & Containers median 4.6% · 12 months to Q3 2026
- Cash conversion
- 1.13×
Cash conversion · 0.90× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +60%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 8.0% |
| FY2021 | 10% |
| FY2022 | 8.5% |
| FY2023 | 10% |
| FY2024 | 8.9% |
| FY2025 | 6.7% |
Details›
- Gross margin12 months to Q3 2026
- 19%
- Operating margin12 months to Q3 2026
- 6.0%
- Net margin12 months to Q3 2026
- 3.1%
- Free cash flow margin
- 3.4%
- R&D as % of revenue
- 0.75%
- Revenue, trailing twelve months
- $22.2B
- Free cash flow, trailing twelve months
- $763M
- Net income, trailing twelve months
- $678M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Packaging & Containers
Ranks #6 of 15 by Smart Score