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SLGN

Silgan Holdings Inc.

SLGN

Silgan Holdings Inc. NYSE
$39.64 0.23% (+0.09)

Market Cap $4.24 B
52w High $57.61
52w Low $36.15
Dividend Yield 0.79%
P/E 13.48
Volume 341.27K
Outstanding Shares 106.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.009B $122.2M $113.3M 5.64% $1.06 $281.575M
Q2-2025 $1.539B $131.56M $88.944M 5.779% $0.83 $243.503M
Q1-2025 $1.467B $128.9M $67.962M 4.634% $0.64 $209.907M
Q4-2024 $1.411B $123.315M $45.064M 3.193% $0.42 $170.416M
Q3-2024 $1.745B $106.523M $100.053M 5.733% $0.94 $234.003M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $389.17M $9.498B $7.226B $2.272B
Q2-2025 $317.462M $9.41B $7.188B $2.222B
Q1-2025 $353.03M $8.768B $6.685B $2.083B
Q4-2024 $822.854M $8.585B $6.595B $1.99B
Q3-2024 $368.507M $7.747B $5.693B $2.054B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $113.293M $340.886M $-81.484M $-188.467M $71.708M $260.788M
Q2-2025 $88.944M $-221.45M $-63.372M $230.876M $-35.568M $-294.219M
Q1-2025 $67.962M $-683.401M $-82.472M $282.996M $-469.824M $-766.325M
Q4-2024 $45.1M $935.761M $-987.187M $528.306M $454.393M $865.01M
Q3-2024 $100.039M $313.013M $-60.692M $-194.746M $65.712M $252.455M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Custom Containers
Custom Containers
$160.00M $330.00M $170.00M $160.00M
Dispensing and Specialty Closures
Dispensing and Specialty Closures
$560.00M $1.20Bn $670.00M $700.00M
Metal Containers
Metal Containers
$1.02Bn $1.26Bn $630.00M $680.00M

Five-Year Company Overview

Income Statement

Income Statement Silgan’s sales have leveled off after earlier growth, with revenue hovering in a fairly tight range over the last few years. The company remains solidly profitable, but earnings have softened from their peak, suggesting some pressure on margins, likely from costs, mix, or pricing power. Profitability is still healthy for a packaging business, just not trending upward recently. Overall, the income statement shows a mature, stable business with moderate growth challenges rather than one in rapid expansion or distress.


Balance Sheet

Balance Sheet The balance sheet shows a scaled industrial company with meaningful leverage but gradually building equity. Total assets have grown, and the equity base has been steadily strengthened over time, which is a positive sign. Debt had been trending down before ticking back up recently, likely tied to investments or acquisitions, but cash on hand has also risen, giving the company some financial flexibility. The picture is of a business that uses debt as a normal part of its capital structure, not a debt-free balance sheet, but not an obviously strained one either.


Cash Flow

Cash Flow Silgan consistently generates solid cash from its operations, with some year‑to‑year swings but no sign of structural weakness. Free cash flow remains positive after capital spending, which itself is fairly steady and not overly aggressive. This suggests the company can fund its ongoing investments, service its debt, and still have room for shareholder returns or bolt‑on deals. The main watchpoint is that cash flow, while good, doesn’t show a strong upward trend, so improvements likely depend on better margins or more efficient working capital management.


Competitive Edge

Competitive Edge Silgan holds a leading position in metal food cans in North America and has broadened into plastic containers and advanced dispensing and closure systems. Its scale, large manufacturing footprint, and long‑term contracts with major consumer brands create a meaningful competitive moat, making it difficult for smaller rivals to match its cost structure and service levels. Diversification across metal, plastic, and dispensing helps balance shifts in end‑market demand. Key risks include exposure to big, powerful customers, sensitivity to consumer volumes, and ongoing scrutiny of plastic and metal packaging from regulators and brand owners.


Innovation and R&D

Innovation and R&D Innovation at Silgan is very applied and customer‑driven, focused on more sustainable materials, better functionality, and attractive design rather than blue‑sky research. The company is pushing recyclable and recycled-content solutions, advanced dispensing systems, and specialized containers for food, beauty, healthcare, and pet products. Customization, high-barrier plastics for shelf-stable foods, and unit‑dose contract packaging add differentiation beyond basic cans and bottles. The main challenge is to keep pace with fast‑changing sustainability standards and consumer expectations while still maintaining cost competitiveness.


Summary

Overall, Silgan looks like a mature, cash‑generative packaging company with a solid competitive footing and a clear strategy centered on sustainability and higher‑value dispensing and closure systems. Financially, it is steady rather than rapidly growing: revenues have plateaued, earnings have eased from prior highs, but profitability and cash generation remain sound. The balance sheet relies on debt yet shows gradually strengthening equity and decent liquidity. Strategically, its market leadership, customer relationships, and innovation in sustainable and functional packaging support long‑term relevance, while key watchpoints include margin pressure, customer concentration, and the need to keep innovating as packaging regulations and consumer preferences evolve.