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Ardagh Metal Packaging S.A., together with its subsidiaries, operates as a metal beverage can company in Europe, North America, and Brazil. It offers a range of beverage cans for use in sparkling water, soft drinks, beer, wine, flavored malt beverages, energy drinks, and teas, as well as flavored alcoholic beverages to beverage producers. The company was founded in 1932 and is based in Luxembourg, Luxembourg. Ardagh Metal Packaging S.A. operates as a subsidiary of Ardagh Group S.A.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.5B | $653M | $11M | $265M | -1.6% | 12.0% | - |
| 2024 | $4.9B | $629M | $-3M | $263M | 2.2% | 2.0% | - |
| 2023 | $4.8B | $494M | $-50M | $237M | -47.2% | 2.6% | -121.1% |
| 2022 | $4.7B | $743M | $237M | $-391M | 52.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,689 | 4,812 | 4,908 | 5,497 |
| Cost Of Revenue | 4,163 | 4,338 | 4,278 | 4,816 |
| Gross Profit | 526 | 474 | 630 | 681 |
| Operating Expense | 350 | 398 | 428 | 437 |
| Operating Income | 176 | 76 | 202 | 244 |
| EBITDA | 743 | 494 | 629 | 653 |
| EBIT | 384 | 76 | 180 | 190 |
| Pretax Income | 256 | -71 | 10 | 4 |
| Tax Provision | 19 | -21 | 13 | -7 |
| Net Income | 237 | -50 | -3 | 11 |
| Net Income Common Stockholders | 226 | -74 | -27 | -11 |
| Total Expenses | 4,513 | 4,736 | 4,706 | 5,253 |
| Interest Expense | 128 | 161 | 170 | 186 |
| Selling General And Administration | 212 | 255 | 288 | 299 |
| Normalized EBITDA | 528 | 494 | 611 | 679 |
| Normalized Income | 37.96 | -50 | -17.22 | 31.54 |
| Basic EPS | 0.38 | -0.12 | -0.05 | -0.02 |
| Diluted EPS | 0.38 | -0.12 | -0.05 | -0.02 |
| Tax Effect Of Unusual Items | 15.96 | 0 | 3.78 | -5.46 |
| Tax Rate For Calcs | 0.07 | 0.30 | 0.21 | 0.21 |
| Total Unusual Items | 215 | 50 | 18 | -26 |
| Total Unusual Items Excluding Goodwill | 215 | 50 | 18 | -26 |
| Net Income From Continuing Operation Net Minority Interest | 237 | -50 | -3 | 11 |
| Reconciled Depreciation | 359 | 418 | 449 | 463 |
| Reconciled Cost Of Revenue | 3,942 | 4,063 | 3,969 | 4,491 |
| Net Interest Income | -135 | -147 | -210 | -214 |
| Net Income From Continuing And Discontinued Operation | 237 | -50 | -3 | 11 |
| Total Operating Income As Reported | 176 | 76 | 202 | 244 |
| Diluted Average Shares | 601 | 597.60 | 597.70 | 597.70 |
| Basic Average Shares | 601 | 597.60 | 597.70 | 597.70 |
| Diluted NI Availto Com Stockholders | 226 | -74 | -27 | -11 |
| Preferred Stock Dividends | 11 | 24 | 24 | 22 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 237 | -50 | -3 | 11 |
| Net Income Continuous Operations | 237 | -50 | -3 | 11 |
| Other Income Expense | 215 | 50 | 18 | -26 |
| Special Income Charges | 218 | 58 | 13 | -14 |
| Other Special Charges | -218 | -58 | -13 | 14 |
| Gain On Sale Of Security | -3 | -8 | 5 | -12 |
| Net Non Operating Interest Income Expense | -135 | -147 | -210 | -214 |
| Total Other Finance Cost | 7 | 147 | 40 | 28 |
| Interest Expense Non Operating | 128 | 161 | 170 | 186 |
| Depreciation Amortization Depletion Income Statement | 138 | 143 | 140 | 138 |
| Depreciation And Amortization In Income Statement | 138 | 143 | 140 | 138 |
| Amortization | 138 | 143 | 140 | 138 |
| Amortization Of Intangibles Income Statement | 138 | 143 | 140 | 138 |
| Operating Revenue | 4,689 | 4,812 | 4,908 | 5,497 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ardagh Metal Packaging S.A.this co. | AMBP | $2.3B | - | -3.30 | -1.6% | 8.88 |
| FIGS, Inc. | FIGS | $2.5B | 79.11 | 5.70 | 7.8% | 47.90 |
| Brightstar Lottery PLC | BRSL | $2.4B | - | 2.76 | 9.2% | 6.75 |
| Peloton Interactive, Inc. | PTON | $2.4B | - | -7.24 | 28.7% | 18.11 |
| Capri Holdings Limited | CPRI | $2.3B |
| - |
| 21.91 |
| -317.7% |
| 18.31 |
| Driven Brands Holdings Inc. | DRVN | $2.1B | - | 2.64 | -48.2% | 12.08 |
| The Goodyear Tire & Rubber Company | GT | $2.0B | - | 0.62 | -50.6% | 6.94 |
| National Vision Holdings, Inc. | EYE | $1.9B | 63.90 | 2.18 | 3.4% | 16.05 |
| Revolve Group, Inc. | RVLV | $1.8B | 29.99 | 3.07 | 12.0% | 19.01 |
| Peer Median | - | 63.90 | 2.70 | 5.6% | 17.08 | |