Magnera (MAGN)
Market Price (9/25/2026): $11.86 | Market Cap: $422.2 MilSector: Consumer Staples | Industry: Household Products
Magnera (MAGN)
Market Price (9/25/2026): $11.86Market Cap: $422.2 MilSector: Consumer StaplesIndustry: Household Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 232%, Dividend Yield is 263%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 228% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 106% Megatrend and thematic driversMegatrends include Advanced Materials, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Nanomaterials, Show more. | Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -136% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 420% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.5% Key risksMAGN key risks include [1] a heavy debt burden and high financial leverage, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 232%, Dividend Yield is 263%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 228% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 106% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Nanomaterials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -136% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 420% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.5% |
| Key risksMAGN key risks include [1] a heavy debt burden and high financial leverage, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/9/2026
Magnera (MAGN) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q3 2026 Financial Performance Offered Balanced Sentiment.
Magnera reported its fiscal Q3 2026 (ending June 29, 2026) adjusted EBITDA grew 9% year-over-year to $99 million, which management highlighted as the "strongest earnings quarter since the merger". This performance was driven by the full realization of Project CORE benefits and merger synergies, particularly boosting the Americas segment's adjusted EBITDA by 16%. However, these operational gains were counterbalanced by net sales of $857 million, which missed analyst estimates of $889.9 million, and a net loss of $20 million ($0.56 per share), significantly missing analyst expectations for earnings per share. This combination of strong profitability metrics with revenue and EPS misses resulted in a relatively neutral market reaction, contributing to the stock's stable movement.
2. Persistent Raw Material Inflation and Uneven Pricing Pass-Throughs Impacted Profitability.
Magnera contended with "meaningfully accelerated" raw material inflation during fiscal Q3 2026, creating a headwind for the company. While the company's Americas segment successfully implemented rapid pricing actions to achieve a net-neutral cost-price impact, its Rest of World segment experienced timing lags in passing through these inflationary costs, particularly in European markets, leading to a 7% decline in its adjusted EBITDA to $28 million. This uneven ability to mitigate rising input costs across its operational segments limited overall profit expansion and put pressure on the stock.
Show more
Magnera (MAGN) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q3 2026 Financial Performance Offered Balanced Sentiment.
Magnera reported its fiscal Q3 2026 (ending June 29, 2026) adjusted EBITDA grew 9% year-over-year to $99 million, which management highlighted as the "strongest earnings quarter since the merger". This performance was driven by the full realization of Project CORE benefits and merger synergies, particularly boosting the Americas segment's adjusted EBITDA by 16%. However, these operational gains were counterbalanced by net sales of $857 million, which missed analyst estimates of $889.9 million, and a net loss of $20 million ($0.56 per share), significantly missing analyst expectations for earnings per share. This combination of strong profitability metrics with revenue and EPS misses resulted in a relatively neutral market reaction, contributing to the stock's stable movement.
2. Persistent Raw Material Inflation and Uneven Pricing Pass-Throughs Impacted Profitability.
Magnera contended with "meaningfully accelerated" raw material inflation during fiscal Q3 2026, creating a headwind for the company. While the company's Americas segment successfully implemented rapid pricing actions to achieve a net-neutral cost-price impact, its Rest of World segment experienced timing lags in passing through these inflationary costs, particularly in European markets, leading to a 7% decline in its adjusted EBITDA to $28 million. This uneven ability to mitigate rising input costs across its operational segments limited overall profit expansion and put pressure on the stock.
Show more
Updated on 9/9/2026
Magnera (MAGN) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q3 2026 Financial Performance Offered Balanced Sentiment.
Magnera reported its fiscal Q3 2026 (ending June 29, 2026) adjusted EBITDA grew 9% year-over-year to $99 million, which management highlighted as the "strongest earnings quarter since the merger". This performance was driven by the full realization of Project CORE benefits and merger synergies, particularly boosting the Americas segment's adjusted EBITDA by 16%. However, these operational gains were counterbalanced by net sales of $857 million, which missed analyst estimates of $889.9 million, and a net loss of $20 million ($0.56 per share), significantly missing analyst expectations for earnings per share. This combination of strong profitability metrics with revenue and EPS misses resulted in a relatively neutral market reaction, contributing to the stock's stable movement.
2. Persistent Raw Material Inflation and Uneven Pricing Pass-Throughs Impacted Profitability.
Magnera contended with "meaningfully accelerated" raw material inflation during fiscal Q3 2026, creating a headwind for the company. While the company's Americas segment successfully implemented rapid pricing actions to achieve a net-neutral cost-price impact, its Rest of World segment experienced timing lags in passing through these inflationary costs, particularly in European markets, leading to a 7% decline in its adjusted EBITDA to $28 million. This uneven ability to mitigate rising input costs across its operational segments limited overall profit expansion and put pressure on the stock.
3. Cautious Fiscal Year 2026 Outlook Offset by Strong Free Cash Flow and Debt Management.
Despite solid operational execution, Magnera revised its fiscal year 2026 adjusted EBITDA guidance to the lower end of its $380-$410 million range, reflecting ongoing global macroeconomic uncertainty and inflationary pressures. This cautious outlook tempered investor enthusiasm. Concurrently, the company reaffirmed robust free cash flow guidance of $90-$110 million for fiscal year 2026 and demonstrated disciplined financial management by making $36 million in debt repayments during fiscal Q2 2026 (ending March 30, 2026). The dual narrative of conservative earnings guidance coupled with strong cash generation and debt reduction efforts largely balanced investor sentiment, preventing significant stock movement.
4. Broader Market Divergence from Specialty Materials Sector.
Magnera operates in the Basic Materials sector, supplying specialty materials for consumer and industrial applications. During the period, while the U.S. economy showed resilience with broadening earnings growth, significant investment and market attention were directed towards high-growth areas like artificial intelligence (AI) and technology infrastructure, with global AI-related IT spending estimated at $2.6 trillion for 2026. This shift in market focus, combined with general market softness in Europe affecting Magnera's Rest of World segment, meant that the specialty materials sector did not see the same tailwinds as other segments, contributing to the stock's relatively flat performance.
Show less
Magnera (MAGN) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q3 2026 Financial Performance Offered Balanced Sentiment.
Magnera reported its fiscal Q3 2026 (ending June 29, 2026) adjusted EBITDA grew 9% year-over-year to $99 million, which management highlighted as the "strongest earnings quarter since the merger". This performance was driven by the full realization of Project CORE benefits and merger synergies, particularly boosting the Americas segment's adjusted EBITDA by 16%. However, these operational gains were counterbalanced by net sales of $857 million, which missed analyst estimates of $889.9 million, and a net loss of $20 million ($0.56 per share), significantly missing analyst expectations for earnings per share. This combination of strong profitability metrics with revenue and EPS misses resulted in a relatively neutral market reaction, contributing to the stock's stable movement.
2. Persistent Raw Material Inflation and Uneven Pricing Pass-Throughs Impacted Profitability.
Magnera contended with "meaningfully accelerated" raw material inflation during fiscal Q3 2026, creating a headwind for the company. While the company's Americas segment successfully implemented rapid pricing actions to achieve a net-neutral cost-price impact, its Rest of World segment experienced timing lags in passing through these inflationary costs, particularly in European markets, leading to a 7% decline in its adjusted EBITDA to $28 million. This uneven ability to mitigate rising input costs across its operational segments limited overall profit expansion and put pressure on the stock.
3. Cautious Fiscal Year 2026 Outlook Offset by Strong Free Cash Flow and Debt Management.
Despite solid operational execution, Magnera revised its fiscal year 2026 adjusted EBITDA guidance to the lower end of its $380-$410 million range, reflecting ongoing global macroeconomic uncertainty and inflationary pressures. This cautious outlook tempered investor enthusiasm. Concurrently, the company reaffirmed robust free cash flow guidance of $90-$110 million for fiscal year 2026 and demonstrated disciplined financial management by making $36 million in debt repayments during fiscal Q2 2026 (ending March 30, 2026). The dual narrative of conservative earnings guidance coupled with strong cash generation and debt reduction efforts largely balanced investor sentiment, preventing significant stock movement.
4. Broader Market Divergence from Specialty Materials Sector.
Magnera operates in the Basic Materials sector, supplying specialty materials for consumer and industrial applications. During the period, while the U.S. economy showed resilience with broadening earnings growth, significant investment and market attention were directed towards high-growth areas like artificial intelligence (AI) and technology infrastructure, with global AI-related IT spending estimated at $2.6 trillion for 2026. This shift in market focus, combined with general market softness in Europe affecting Magnera's Rest of World segment, meant that the specialty materials sector did not see the same tailwinds as other segments, contributing to the stock's relatively flat performance.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 4.2% change in MAGN stock from 5/31/2026 to 9/24/2026 was primarily driven by a 4.2% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.37 | 11.85 | 4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,697 | 2,697 | 0.0% |
| P/S Multiple | 0.2 | 0.2 | 4.2% |
| Shares Outstanding (Mil) | 36 | 36 | 0.0% |
| Cumulative Contribution | 4.2% |
Market Drivers
5/31/2026 to 9/24/2026| Return | Correlation | |
|---|---|---|
| MAGN | 4.2% | |
| Market (SPY) | 1.7% | 15.6% |
| Sector (XLP) | -0.8% | 39.5% |
Fundamental Drivers
The -8.5% change in MAGN stock from 2/28/2026 to 9/24/2026 was primarily driven by a -8.5% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.95 | 11.85 | -8.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,697 | 2,697 | 0.0% |
| P/S Multiple | 0.2 | 0.2 | -8.5% |
| Shares Outstanding (Mil) | 36 | 36 | 0.0% |
| Cumulative Contribution | -8.5% |
Market Drivers
2/28/2026 to 9/24/2026| Return | Correlation | |
|---|---|---|
| MAGN | -8.5% | |
| Market (SPY) | 12.4% | 36.6% |
| Sector (XLP) | -8.1% | 30.3% |
Fundamental Drivers
The -4.4% change in MAGN stock from 8/31/2025 to 9/24/2026 was primarily driven by a -4.4% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.40 | 11.85 | -4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,697 | 2,697 | 0.0% |
| P/S Multiple | 0.2 | 0.2 | -4.4% |
| Shares Outstanding (Mil) | 36 | 36 | 0.0% |
| Cumulative Contribution | -4.4% |
Market Drivers
8/31/2025 to 9/24/2026| Return | Correlation | |
|---|---|---|
| MAGN | -4.4% | |
| Market (SPY) | 20.3% | 25.5% |
| Sector (XLP) | 3.9% | 21.8% |
Fundamental Drivers
The -54.4% change in MAGN stock from 8/31/2023 to 9/24/2026 was primarily driven by a -90.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312023 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.00 | 11.85 | -54.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,481 | 2,697 | 82.1% |
| P/S Multiple | 0.1 | 0.2 | 157.1% |
| Shares Outstanding (Mil) | 3 | 36 | -90.3% |
| Cumulative Contribution | -54.4% |
Market Drivers
8/31/2023 to 9/24/2026| Return | Correlation | |
|---|---|---|
| MAGN | -54.4% | |
| Market (SPY) | 76.8% | 27.7% |
| Sector (XLP) | 21.8% | 15.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MAGN Return | 9% | -83% | -30% | -28% | -17% | -22% | -94% |
| Peers Return | 4% | 2% | -0% | 21% | -6% | -3% | 18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| MAGN Win Rate | 67% | 17% | 42% | 50% | 50% | 44% | |
| Peers Win Rate | 47% | 52% | 40% | 52% | 45% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| MAGN Max Drawdown | -27% | -88% | -72% | -50% | -65% | -42% | |
| Peers Max Drawdown | -24% | -36% | -29% | -22% | -42% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IP, KMB, DD, MATV, SLVM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/24/2026 (YTD)
How Low Can It Go
| Event | MAGN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -35.8% | -6.7% |
| % Gain to Breakeven | 55.8% | 7.1% |
| Time to Breakeven | 35 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.1% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -50.4% | -19.2% |
| % Gain to Breakeven | 101.7% | 23.8% |
| Time to Breakeven | 737 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.9% | -3.7% |
| % Gain to Breakeven | 21.7% | 3.9% |
| Time to Breakeven | 13 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.9% | -12.2% |
| % Gain to Breakeven | 31.3% | 13.9% |
| Time to Breakeven | 31 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.9% | -6.8% |
| % Gain to Breakeven | 69.1% | 7.3% |
| Time to Breakeven | 308 days | 15 days |
In The Past
Magnera's stock fell -2.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.8% gain to breakeven.
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Asset Allocation
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| Event | MAGN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -35.8% | -6.7% |
| % Gain to Breakeven | 55.8% | 7.1% |
| Time to Breakeven | 35 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.1% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -50.4% | -19.2% |
| % Gain to Breakeven | 101.7% | 23.8% |
| Time to Breakeven | 737 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.9% | -12.2% |
| % Gain to Breakeven | 31.3% | 13.9% |
| Time to Breakeven | 31 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.9% | -6.8% |
| % Gain to Breakeven | 69.1% | 7.3% |
| Time to Breakeven | 308 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.9% | -17.9% |
| % Gain to Breakeven | 33.1% | 21.8% |
| Time to Breakeven | 177 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -29.8% | -15.4% |
| % Gain to Breakeven | 42.4% | 18.2% |
| Time to Breakeven | 309 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -69.4% | -53.4% |
| % Gain to Breakeven | 226.8% | 114.4% |
| Time to Breakeven | 364 days | 1085 days |
In The Past
Magnera's stock fell -2.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Magnera (MAGN)
Magnera (symbol: MAGN) is an innovative company dedicated to developing and providing advanced material solutions. Its core mission is to better the world and unlock new possibilities by continuously co-creating and innovating alongside its partners.
The company's primary offering consists of original material solutions, which are developed using a broad range of technologies and a strong passion for innovation. While specific material types are not detailed, the emphasis is on their transformative capabilities, enabling progress and a brighter future across various applications.
Magnera's main customers are its partners and other businesses that integrate these material solutions to advance their own goals. Ultimately, these solutions are designed to solve everyday problems for end-users, indicating that Magnera's materials are integral components within products or processes that serve a diverse array of markets and consumers.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Magnera:
- A modern-day DuPont, focused on innovative material solutions.
- Like 3M, but specializing in advanced material solutions for industrial partners.
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Curt Begle, Chief Executive Officer
Prior to becoming CEO of Magnera upon its formation in November 2024 through the merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter, Mr. Begle spent his entire career with Berry Global since joining in 1999, serving as President of its Health, Hygiene & Specialties division.
Jim Till, Chief Financial Officer & Treasurer
Mr. Till was elected Chief Financial Officer and Treasurer of Magnera on November 4, 2024, in connection with the completion of the merger that created the company.
Tarun Manroa, Chief Operating Officer
Mr. Manroa serves as Magnera's Chief Operating Officer.
Jill Urey, EVP, General Counsel & Corporate Secretary
Ms. Urey is the Executive Vice President, General Counsel, and Corporate Secretary for Magnera.
Phil Lerro, Chief Information Officer
Mr. Lerro serves as Magnera's Chief Information Officer.
AI Analysis | Feedback
Here are the key risks to Magnera's business:
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Financial Health and High Debt Load
Magnera faces significant challenges due to its substantial debt load and weak financial health. The company's liabilities considerably outweigh its cash and near-term receivables. Its Altman Z-Score is in the distress zone, signaling a potential risk of bankruptcy within the next two years. Additionally, a high net debt to EBITDA ratio and weak interest coverage indicate difficulties in managing its debt obligations.
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Raw Material Price Volatility and Industry Competition
Operating within the Basic Materials sector, Magnera is highly susceptible to fluctuations in raw material prices. The cost and availability of raw materials and energy can significantly impact its profitability. The company also faces competitive pressures in various markets, which can affect its revenue growth and overall performance.
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Compliance and Disclosure Risks
Magnera's reliance on executive certifications and complex Inline XBRL filings introduces compliance and disclosure risks. Inaccuracies, incompleteness, or delays in these critical financial documents could erode investor confidence, lead to regulatory scrutiny, potential restatements of financial results, and reputational damage.
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AI Analysis | Feedback
Magnera (symbol: MAGN) operates in the specialty materials and nonwovens industry, providing solutions for a variety of end-user markets globally. The addressable markets for their main products and services are as follows:
- Nonwoven Fabrics Market: The global nonwoven fabrics market was estimated at approximately USD 52.56 billion in 2023 and is projected to reach USD 75.74 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% from 2024 to 2030. Another estimate placed the global nonwovens market value at $59.01 billion in 2023, increasing to $62.85 billion in 2024, and forecast to reach $88.55 billion in 2028 with a CAGR of 7.1%.
- Wipes Market: The global wipes market size was valued at approximately USD 25.1 billion in 2025 and is projected to reach USD 47.3 billion by 2036, expanding at a CAGR of 6.0% from 2026 to 2036.
- Absorbent Hygiene Products (Polypropylene-based materials): The global polypropylene absorbent hygiene products market size was valued at USD 18.29 billion in 2025 and is projected to reach USD 26.12 billion by 2032, maintaining a CAGR of 5.22%.
- Filtration Market: The global filters market size was estimated at USD 79.25 billion in 2023 and is projected to reach USD 112.87 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
- Specialty Materials Market (including construction applications): The global specialty materials market size is expected to grow from USD 283.03 billion in 2026 to USD 391.44 billion in 2030, at a CAGR of 8.4%.
- Lamination Film Market: The global lamination film market size is projected to be USD 8.90 billion in 2025 and is expected to rise to approximately USD 13.45 billion by 2033, with a CAGR of 5.30% from 2025 to 2033.
AI Analysis | Feedback
Magnera (symbol: MAGN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Synergy Realization from Glatfelter Merger: The company anticipates significant contributions to sales and adjusted EBITDA growth through the ongoing realization of synergies from its merger with Glatfelter. This integration is a core component of its financial outlook, with management forecasting approximately 9% adjusted EBITDA growth for fiscal 2026, partly driven by these synergies.
- Project CORE Transformation Program: Magnera's Project CORE, a transformation program focused on operational efficiency, cost reductions, and capacity rationalization, is a key driver for improved earnings and enhanced competitiveness. These improvements are expected to support overall financial growth and enable more strategic investments, thereby contributing to revenue expansion.
- Innovation and Expansion of Differentiated Product Portfolio: Magnera is actively pursuing growth by developing and launching innovative and differentiated material solutions. This includes advancements such as PFAS-free barrier protection for healthcare applications, an advanced battery materials candidate, and the expansion of its Kamisoft softness platform. The focus is on delivering high-margin products to attractive end markets.
- Growth in Key Consumer-Oriented End Markets: The company is strategically positioned to capitalize on strong demand within its consumer solutions categories. This includes areas like wipes, adult incontinence products, cable wrap, and other specialty solutions. Additionally, Magnera benefits from infrastructure-driven demand, particularly related to electrification and investments in utility and data cables.
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Capital Allocation Decisions (Last 3-5 Years) for Magnera (MAGN)
Share Issuance
- Magnera became an independent public company following a spin-off, where Berry Global's shareholders received 90% ownership in the nonwovens business via a Reverse Morris Trust transaction.
- As of November 25, 2025, there were 35.6 million shares of common stock outstanding.
Inbound Investments
- In late 2024, famed value investor Michael Burry's firm, Scion Asset Management, disclosed a new stake of 200,000 shares in Magnera, making it one of their significant holdings.
Outbound Investments
- Magnera completed a significant merger with Glatfelter (or GLT), which contributed substantially to its net sales and EBITDA.
- The Glatfelter merger contributed $311 million in revenue to Magnera's net sales increase in the second quarter of fiscal 2025.
Capital Expenditures
- For fiscal year 2026, Magnera projects $80 million of capital investments.
- Approximately $10 million of the projected capital investments for fiscal year 2026 are related to IT conversion.
- Magnera expects free cash flow between $90 million to $110 million for fiscal year 2026, which assumes the $80 million in capital spending.
Peer Outperformance in Household Products
MAGN has trailed 89% of its 18 Household Products peers over 5Y. Household Products ranks 8th of 12 industries in Consumer Staples by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Household Products constituents that MAGN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
60%
of 20 industry peers · 11.2% return
3Y
21%
of 19 industry peers · -54.6% return
5Y
11%
of 18 industry peers · -93.5% return
No Household Products peer with a comparable growth profile has beaten MAGN by more than 20pp over 5Y.
Median price return by industry across the Consumer Staples sector, ranked by 5Y. Household Products is MAGN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Consumer Staples Merchandise Retail | 12 | 5.6% | 39.9% | 54.4% | NGVC 232% · VLGEA 148% · WMT 140% |
| Food Retail | 6 | -8.1% | 42.3% | 44.4% | CASY 225% · SFM 192% · KR 64% |
| Tobacco | 6 | -39.5% | 7.7% | 30.6% | PM 138% · MO 109% · TPB 39% |
| Food Distributors | 9 | -1.7% | 31.3% | 10.9% | CHEF 244% · USFD 165% · ANDE 141% |
| Soft Drinks & Non-alcoholic Beverages | 12 | -8.1% | -18.1% | 0.8% | COKE 409% · BRFH 143% · CCHGY 113% |
| Brewers | 3 | -16.2% | -35.7% | -7.8% | BUD 43% · TAP -8% · SAM -68% |
| Agricultural Products & Services | 12 | 4.8% | 2.2% | -15.5% | BG 60% · ADM 58% · INGR 25% |
| Household Products ← | 19 | 2.9% | -9.2% | -16.5% | ACU 106% · IPAR 84% · CL 25% |
| Personal Care Products | 4 | -1.6% | -5.8% | -25.9% | ELF 245% · PG 15% · COTY -67% |
| Packaged Foods & Meats | 47 | -27.5% | -34.4% | -42.3% | MAMA 457% · SENEA 286% · LWAY 279% |
| Distillers & Vintners | 5 | -46.5% | -60.5% | -79.2% | STZ -41% · BF-B -57% · SNDL -79% |
| Drug Retail | 3 | -41.1% | -85.7% | -93.5% | HITI -58% · PETS -94% · SCNX -99% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Magnera Earnings Notes | 12/16/2025 | |
| Magnera Stock On Fire: Up 83% With 6-Day Winning Streak | 12/02/2025 | |
| 5-Day Rally Sends Magnera Stock Up 73% | 11/27/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 35.42 |
| Mkt Cap | 9.6 |
| Rev LTM | 3,999 |
| Op Inc LTM | 136 |
| FCF LTM | 309 |
| FCF 3Y Avg | 119 |
| CFO LTM | 625 |
| CFO 3Y Avg | 521 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.9% |
| Rev Chg 3Y Avg | -3.4% |
| Rev Chg Q | 1.4% |
| QoQ Delta Rev Chg LTM | 0.3% |
| Op Inc Chg LTM | -4.7% |
| Op Inc Chg 3Y Avg | -15.9% |
| Op Mgn LTM | 4.9% |
| Op Mgn 3Y Avg | 5.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 9.5% |
| CFO/Rev 3Y Avg | 9.9% |
| FCF/Rev LTM | 4.2% |
| FCF/Rev 3Y Avg | 3.1% |
Segment Financials
Revenue by Segment| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Airlaid Materials | 586 | 602 | 470 | 391 | 406 |
| Composite Fibers | 484 | 524 | 557 | 525 | 522 |
| Spunlace | 318 | 366 | 58 | ||
| Inter-segment sales elimination | -2 | 0 | 0 | ||
| Total | 1,386 | 1,491 | 1,085 | 916 | 928 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Airlaid Materials | 43 | 55 | 42 | 46 | 41 |
| Composite Fibers | 21 | 17 | 37 | 52 | 48 |
| Spunlace | -2 | -9 | -1 | ||
| Other and Unallocated | -60 | -226 | -50 | -49 | -34 |
| Total | 3 | -164 | 29 | 49 | 55 |
Price Behavior
Price Behavior
| Market Price | $11.85 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 05/16/1984 | |
| Distance from 52W High | -22.3% | |
| 50 Days | 200 Days | |
| DMA Price | $12.60 | $12.35 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -5.9% | -4.1% |
| 3M | 1YR | |
| Volatility | 42.1% | 59.8% |
| Downside Capture | 103.89 | 117.32 |
| Upside Capture | 58.12 | 108.30 |
| Correlation (SPY) | 11.7% | 26.0% |
MAGN Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.04 | 0.54 | 0.30 | 1.23 | 1.17 | 1.60 |
| Up Beta | 1.06 | -0.85 | -0.92 | 1.43 | 1.94 | 1.92 |
| Down Beta | -1.16 | 1.32 | 0.96 | 1.78 | 0.77 | 1.25 |
| Up Capture | 64% | 100% | 67% | 78% | 91% | 173% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 21 | 33 | 64 | 125 | 344 |
| Down Capture | 248% | 79% | 26% | 112% | 111% | 111% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 11 | 21 | 30 | 62 | 124 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAGN | |
|---|---|---|---|---|
| MAGN | 7.7% | 59.7% | 0.34 | - |
| Sector ETF (XLP) | 6.5% | 14.4% | 0.20 | 21.3% |
| Equity (SPY) | 16.7% | 13.0% | 0.92 | 26.0% |
| Gold (GLD) | 13.1% | 29.3% | 0.42 | 17.3% |
| Commodities (DBC) | 45.1% | 20.7% | 1.71 | -18.7% |
| Real Estate (VNQ) | 3.7% | 13.7% | 0.01 | 31.8% |
| Bitcoin (BTCUSD) | -24.8% | 44.8% | -0.51 | 3.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAGN | |
|---|---|---|---|---|
| MAGN | -41.9% | 81.4% | -0.36 | - |
| Sector ETF (XLP) | 5.4% | 13.7% | 0.18 | 21.0% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 30.5% |
| Gold (GLD) | 19.0% | 18.8% | 0.82 | 8.8% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | 5.0% |
| Real Estate (VNQ) | 0.7% | 18.9% | -0.07 | 30.8% |
| Bitcoin (BTCUSD) | 12.0% | 52.6% | 0.41 | 13.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAGN | |
|---|---|---|---|---|
| MAGN | -25.7% | 65.1% | -0.21 | - |
| Sector ETF (XLP) | 7.3% | 14.9% | 0.35 | 26.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 35.5% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 5.7% |
| Commodities (DBC) | 8.5% | 18.1% | 0.39 | 11.1% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 32.3% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 11.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 3.0% | -2.9% | 0.1% |
| 5/7/2026 | 2.8% | -10.0% | -4.9% |
| 2/5/2026 | 5.4% | 3.0% | -16.5% |
| 11/19/2025 | 27.9% | 73.1% | 82.8% |
| 8/6/2025 | 8.5% | 19.1% | 4.5% |
| 5/7/2025 | 10.7% | 13.4% | 6.5% |
| 2/6/2025 | 3.4% | 16.4% | 2.7% |
| 10/30/2024 | 5.0% | -8.1% | -12.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 10 |
| # Negative | 10 | 12 | 13 |
| Median Positive | 5.0% | 16.3% | 8.2% |
| Median Negative | -6.2% | -9.9% | -15.7% |
| Max Positive | 27.9% | 73.1% | 82.8% |
| Max Negative | -20.9% | -37.3% | -40.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 3.0% | -2.9% | 0.1% |
| 5/7/2026 | 2.8% | -10.0% | -4.9% |
| 2/5/2026 | 5.4% | 3.0% | -16.5% |
| 11/19/2025 | 27.9% | 73.1% | 82.8% |
| 8/6/2025 | 8.5% | 19.1% | 4.5% |
| 5/7/2025 | 10.7% | 13.4% | 6.5% |
| 2/6/2025 | 3.4% | 16.4% | 2.7% |
| 10/30/2024 | 5.0% | -8.1% | -12.7% |
| 8/8/2024 | 17.5% | 19.6% | 9.8% |
| 5/9/2024 | 1.8% | 0.0% | -4.7% |
| 2/22/2024 | 0.0% | 2.9% | -12.1% |
| 11/2/2023 | -3.7% | -9.8% | -3.1% |
| 8/3/2023 | -20.9% | -37.3% | -40.3% |
| 5/4/2023 | -16.3% | -14.7% | -26.1% |
| 2/21/2023 | -10.1% | -5.4% | -32.2% |
| 11/3/2022 | -4.2% | 16.3% | 25.4% |
| 8/2/2022 | -6.8% | -16.6% | -21.9% |
| 5/3/2022 | -15.4% | -26.6% | -23.9% |
| 2/10/2022 | -5.6% | -13.1% | -15.7% |
| 8/3/2021 | -2.5% | 1.5% | 0.6% |
| 5/4/2021 | 0.2% | -1.1% | -4.5% |
| 2/4/2021 | -0.7% | -1.1% | 10.9% |
| 11/9/2020 | 7.6% | 18.2% | 28.3% |
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 10 |
| # Negative | 10 | 12 | 13 |
| Median Positive | 5.0% | 16.3% | 8.2% |
| Median Negative | -6.2% | -9.9% | -15.7% |
| Max Positive | 27.9% | 73.1% | 82.8% |
| Max Negative | -20.9% | -37.3% | -40.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/30/2019 | 10-Q |
| 03/31/2019 | 04/30/2019 | 10-Q |
| 12/31/2018 | 02/25/2019 | 10-K |
| 09/30/2018 | 11/06/2018 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Marnick, Samantha J | Direct | Buy | 6052025 | 12.38 | 4,000 | 49,511 | 49,511 | Form | |
| 2 | Curless, Michael S | The Michael S Curless Trust | Buy | 6052025 | 12.29 | 10,000 | 122,939 | 122,939 | Form | |
| 3 | Brown, Bruce | Bruce Brown Revocable Trust | Buy | 5302025 | 11.81 | 16,940 | 199,983 | 203,383 | Form | |
| 4 | Salmon, Tom | The Thomas E. Salmon Revocable Living Trust | Buy | 5302025 | 11.94 | 17,000 | 203,014 | 421,421 | Form | |
| 5 | Rickertsen, Carl J | Direct | Buy | 5152025 | 13.65 | 20,000 | 273,000 | 563,827 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Marnick, Samantha J | Direct | Buy | 6052025 | 12.38 | 4,000 | 49,511 | 49,511 | Form | |
| 2 | Curless, Michael S | The Michael S Curless Trust | Buy | 6052025 | 12.29 | 10,000 | 122,939 | 122,939 | Form | |
| 3 | Brown, Bruce | Bruce Brown Revocable Trust | Buy | 5302025 | 11.81 | 16,940 | 199,983 | 203,383 | Form | |
| 4 | Salmon, Tom | The Thomas E. Salmon Revocable Living Trust | Buy | 5302025 | 11.94 | 17,000 | 203,014 | 421,421 | Form | |
| 5 | Rickertsen, Carl J | Direct | Buy | 5152025 | 13.65 | 20,000 | 273,000 | 563,827 | Form | |
| 6 | Fogarty, Kevin Michael | by GBBH Family Limited Partnership | Buy | 5122025 | 15.15 | 20,000 | 302,948 | 477,719 | Form | |
| 7 | Begle, Curt | President & CEO | The Curtis L. Begle Living Trust | Buy | 5092025 | 14.01 | 20,275 | 284,152 | 621,435 | Form |
Investor Activity (13F)
Updated Sep 25, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Newtyn Management, LLC | $26.2 Mil | 2.8% | 33 | ADD +16.9% | 13F |
| Engine Capital Management, LP | $21.3 Mil | 2.6% | 26 | Hold | 13F |
| Diameter Capital Partners LP | $11.5 Mil | 2.2% | 20 | Hold | 13F |
| Canyon Capital Advisors LLC | $7.7 Mil | 1.0% | 19 | Hold | 13F |
| Madison Avenue Partners, LP | $15.1 Mil | 0.7% | 27 | TRIM -10.7% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Newtyn Management, LLC | $26.2 Mil | 2.8% | 33 | ADD +16.9% | 13F |
| Engine Capital Management, LP | $21.3 Mil | 2.6% | 26 | Hold | 13F |
| Madison Avenue Partners, LP | $15.1 Mil | 0.7% | 27 | TRIM -10.7% | 13F |
| Diameter Capital Partners LP | $11.5 Mil | 2.2% | 20 | Hold | 13F |
| Canyon Capital Advisors LLC | $7.7 Mil | 1.0% | 19 | Hold | 13F |
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Household Products Resources |
| Happi (Household and Personal Products Industry) |
| Nonwovens Industry |
| Consumer Reports - Household Products |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/24/2026