AMBPNYSEMetal CansFiscal year ends December 31
Ardagh Metal Packaging S.A.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026
$4.62−0.06 (-1.28%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
12.4%−3.5 pts over 5 years
Operating margin
4.4%−1.6 pts over 5 years
Net margin
0.2%−3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.0% | +5.4% | +9.8% | – | |
| Gross profit | +8.1% | +9.0% | +4.4% | – | |
| Operating income | +20.8% | +11.5% | +3.0% | – | |
| Net income | – | -64.1% | -37.0% | – | |
| Free cash flow | -2.5% | – | +31.2% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -2.7% | |
| Return on assets | – | – | 0.2% | |
| Current ratio | – | 1.07 | 1.06 | |
| Debt to equity | – | 59.06 | -6.47 | |
| Net debt to EBITDA | – | 4.91× | – | |
| Inventory turnover | – | – | 10.8× | |
| Capex to revenue | – | 7.6% | 3.1% | |
| Diluted shares | – | 494M | 598M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ardagh Metal Packaging generated $2.18B from operations and spent $3.05B on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$2.18B
Used
$3.05B
Capital expenditure$1.97B65%Dividends$1.04B34%Share buybacks$35.00M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.2%
×Asset turnover0.99×
×Equity multiplier-13.50×
=Return on equity, FY2025-2.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.2% | 0.99× | -13.50× | -2.7% |
| FY2024 | -0.1% | 0.88× | -265.02× | 14.3% |
| FY2023 | -1.0% | 0.83× | 20.78× | -18.0% |
| FY2022 | 5.1% | 0.84× | 15.10× | 64.0% |
| FY2021 | -5.2% | 0.85× | 28.68× | -125.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$11.00M
- Cash generatingOperating cash flow above zero$449.00M
- Return on assets improvedROA up on the prior year-0.1% → 0.2%
- Earnings backed by cashOperating cash flow above net income$449.00M vs $11.00M
- Less leverageLong-term debt to assets fell69.5% → 75.7%
- Better liquidityCurrent ratio rose1.13 → 1.06
- No dilutionShare count did not rise598M → 598M
- Gross margin improvedGross margin up on the prior year12.84% → 12.39%
- More efficientAsset turnover rose0.87 → 1.01