Sonoco Products (SON)
Market Price (4/7/2026): $54.6 | Market Cap: $5.4 BilSector: Materials | Industry: Paper & Plastic Packaging Products & Materials
Sonoco Products (SON)
Market Price (4/7/2026): $54.6Market Cap: $5.4 BilSector: MaterialsIndustry: Paper & Plastic Packaging Products & Materials
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 23%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%, FCF Yield is 6.4% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42% Low stock price volatilityVol 12M is 30% Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Sustainable Consumption. Themes include Sustainable Packaging Materials, Advanced Recycling Technologies, Show more. | Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -62% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% Key risksSON key risks include [1] heightened financial leverage from a notable level of debt and [2] potential liabilities from ongoing legal and regulatory proceedings. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%, FCF Yield is 6.4% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Sustainable Consumption. Themes include Sustainable Packaging Materials, Advanced Recycling Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -62% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% |
| Key risksSON key risks include [1] heightened financial leverage from a notable level of debt and [2] potential liabilities from ongoing legal and regulatory proceedings. |
Qualitative Assessment
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Sonoco Products (SON) stock has gained about 25% since 12/31/2025 because of the following key factors:
1. Sonoco Products reported strong Fourth Quarter 2025 financial results, surpassing analyst expectations for both earnings and revenue, and provided an optimistic outlook for 2026. The company announced adjusted diluted earnings per share (EPS) of $1.05 for Q4 2025, beating consensus estimates by $0.04 to $0.05. Net sales for the quarter reached $1.8 billion, exceeding analyst consensus by $10 million. Furthermore, Sonoco projected full-year 2026 adjusted EPS in the range of $5.80 to $6.20 and adjusted EBITDA between $1.25 billion and $1.35 billion, targeting approximately a 20% improvement in adjusted earnings for 2026, excluding divested businesses.
2. The company's strategic portfolio transformation and significant debt reduction initiatives in 2025 enhanced its financial position. Sonoco completed the divestiture of its ThermoSafe temperature-assured packaging business on November 3, 2025, generating $656 million in gross cash proceeds. This, combined with other efforts, led to a substantial reduction in net debt by $2.7 billion for the full year 2025 and $965 million in the fourth quarter alone, lowering the net leverage ratio to approximately 3.0x by year-end. The company also streamlined its operating structure, now primarily focusing on two segments: Consumer Packaging and Industrial Paper Packaging, with Consumer Packaging accounting for 67% of sales, a notable shift from 42% in 2020.
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1. Sonoco Products reported strong Fourth Quarter 2025 financial results, surpassing analyst expectations for both earnings and revenue, and provided an optimistic outlook for 2026. The company announced adjusted diluted earnings per share (EPS) of $1.05 for Q4 2025, beating consensus estimates by $0.04 to $0.05. Net sales for the quarter reached $1.8 billion, exceeding analyst consensus by $10 million. Furthermore, Sonoco projected full-year 2026 adjusted EPS in the range of $5.80 to $6.20 and adjusted EBITDA between $1.25 billion and $1.35 billion, targeting approximately a 20% improvement in adjusted earnings for 2026, excluding divested businesses.
2. The company's strategic portfolio transformation and significant debt reduction initiatives in 2025 enhanced its financial position. Sonoco completed the divestiture of its ThermoSafe temperature-assured packaging business on November 3, 2025, generating $656 million in gross cash proceeds. This, combined with other efforts, led to a substantial reduction in net debt by $2.7 billion for the full year 2025 and $965 million in the fourth quarter alone, lowering the net leverage ratio to approximately 3.0x by year-end. The company also streamlined its operating structure, now primarily focusing on two segments: Consumer Packaging and Industrial Paper Packaging, with Consumer Packaging accounting for 67% of sales, a notable shift from 42% in 2020.
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Stock Movement Drivers
Fundamental Drivers
The 25.3% change in SON stock from 12/31/2025 to 4/6/2026 was primarily driven by a 51.2% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4062026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.23 | 54.18 | 25.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,114 | 7,519 | 5.7% |
| Net Income Margin (%) | 8.8% | 13.3% | 51.2% |
| P/E Multiple | 6.8 | 5.4 | -21.5% |
| Shares Outstanding (Mil) | 99 | 99 | 0.0% |
| Cumulative Contribution | 25.3% |
Market Drivers
12/31/2025 to 4/6/2026| Return | Correlation | |
|---|---|---|
| SON | 25.3% | |
| Market (SPY) | -5.4% | 27.7% |
| Sector (XLB) | 10.7% | 46.4% |
Fundamental Drivers
The 28.6% change in SON stock from 9/30/2025 to 4/6/2026 was primarily driven by a 52.1% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4062026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.13 | 54.18 | 28.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,338 | 7,519 | 18.6% |
| Net Income Margin (%) | 8.8% | 13.3% | 52.1% |
| P/E Multiple | 7.5 | 5.4 | -28.7% |
| Shares Outstanding (Mil) | 99 | 99 | 0.0% |
| Cumulative Contribution | 28.6% |
Market Drivers
9/30/2025 to 4/6/2026| Return | Correlation | |
|---|---|---|
| SON | 28.6% | |
| Market (SPY) | -2.9% | 20.1% |
| Sector (XLB) | 12.7% | 47.5% |
Fundamental Drivers
The 20.1% change in SON stock from 3/31/2025 to 4/6/2026 was primarily driven by a 331.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4062026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.12 | 54.18 | 20.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,305 | 7,519 | 41.7% |
| Net Income Margin (%) | 3.1% | 13.3% | 331.7% |
| P/E Multiple | 27.2 | 5.4 | -80.3% |
| Shares Outstanding (Mil) | 99 | 99 | -0.5% |
| Cumulative Contribution | 20.1% |
Market Drivers
3/31/2025 to 4/6/2026| Return | Correlation | |
|---|---|---|
| SON | 20.1% | |
| Market (SPY) | 16.3% | 40.9% |
| Sector (XLB) | 18.6% | 57.4% |
Fundamental Drivers
The 0.4% change in SON stock from 3/31/2023 to 4/6/2026 was primarily driven by a 67.6% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4062026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.96 | 54.18 | 0.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,859 | 7,519 | 28.3% |
| Net Income Margin (%) | 8.0% | 13.3% | 67.6% |
| P/E Multiple | 11.3 | 5.4 | -52.7% |
| Shares Outstanding (Mil) | 98 | 99 | -1.2% |
| Cumulative Contribution | 0.4% |
Market Drivers
3/31/2023 to 4/6/2026| Return | Correlation | |
|---|---|---|
| SON | 0.4% | |
| Market (SPY) | 63.3% | 40.0% |
| Sector (XLB) | 31.5% | 57.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SON Return | 1% | 8% | -5% | -9% | -6% | 27% | 12% |
| Peers Return | 20% | -13% | 7% | 6% | -16% | -5% | -6% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| SON Win Rate | 50% | 42% | 33% | 50% | 50% | 75% | |
| Peers Win Rate | 62% | 40% | 52% | 57% | 50% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SON Max Drawdown | -4% | -9% | -15% | -12% | -17% | 0% | |
| Peers Max Drawdown | -7% | -26% | -18% | -12% | -29% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WST, PKG, BAX, SLGN, AMCR. See SON Returns vs. Peers.
[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 4/6/2026 (YTD)
How Low Can It Go
| Event | SON | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -25.2% | -25.4% |
| % Gain to Breakeven | 33.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -38.6% | -33.9% |
| % Gain to Breakeven | 62.8% | 51.3% |
| Time to Breakeven | 261 days | 148 days |
| 2018 Correction | ||
| % Loss | -16.4% | -19.8% |
| % Gain to Breakeven | 19.6% | 24.7% |
| Time to Breakeven | 629 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -62.2% | -56.8% |
| % Gain to Breakeven | 164.8% | 131.3% |
| Time to Breakeven | 2,145 days | 1,480 days |
Compare to WST, PKG, BAX, SLGN, AMCR
In The Past
Sonoco Products's stock fell -25.2% during the 2022 Inflation Shock from a high on 5/17/2021. A -25.2% loss requires a 33.7% gain to breakeven.
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About Sonoco Products (SON)
Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
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Think of Sonoco as a more diversified **International Paper** or **WestRock**, providing packaging solutions in paper, plastic, and metal for both industrial and consumer products.
Imagine them as the behind-the-scenes provider of diverse packaging, manufacturing everything from consumer food containers to industrial reels and protective components, much like how a company like **3M** makes a vast array of essential products for countless industries.
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- Rigid Paper Containers: Sonoco manufactures round and shaped rigid paper containers for various consumer products.
- Flexible Packaging: The company provides printed flexible packaging solutions for food and other goods.
- Plastic Packaging: Sonoco produces thermoformed, injection molded, and extruded plastic trays, containers, and components.
- Metal & Membrane Closures: It offers metal and peelable membrane ends and closures for rigid containers.
- Industrial Fiber Products: This includes fiber-based tubes, cones, cores, and construction tubes for industrial applications.
- Protective Packaging: Sonoco designs and produces fiber-based, molded foam, and temperature-assured protective packaging.
- Wire & Cable Reels: The company supplies wooden, metal, and composite reels and spools for wire and cable.
- Recycled Paperboard & Corrugating Medium: Sonoco manufactures recycled paperboard and corrugating medium for packaging.
- Recycling Services: It offers recovered paper and material recycling services.
- Brand Artwork Management: The company provides global brand artwork management services for packaging.
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Sonoco Products (SON) primarily operates on a Business-to-Business (B2B) model, selling its packaging and industrial products to other companies rather than directly to individual consumers.
Due to the diversified nature of its operations and customer base across various industries, Sonoco Products typically does not have a single "major customer" that accounts for a significant portion of its total revenue. Instead, it serves a wide array of companies within the following key markets:
- Companies in the Food and Beverage Industry, requiring rigid paper containers, plastic trays, flexible packaging, and specialized closures.
- Manufacturers in the Paper, Textile, Film, and Wire & Cable Industries, utilizing industrial paper packaging such as tubes, cones, cores, and reels.
- Businesses in the Chemical and Packaging Industries, as well as Construction, purchasing protective packaging, specialized components, and recycled paperboard products.
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Howard Coker, President and CEO
Howard Coker is the President and CEO of Sonoco. He joined Sonoco in 1985 and has held various sales, manufacturing, and management positions across different businesses within the company, including Senior Vice President of Paper and Industrial Converted Products, and Senior Vice President of Global Rigid Papers and Closures and Paper and Industrial Converted Products. He assumed his current role in 2020.
Paul Joachimczyk, Chief Financial Officer
Paul Joachimczyk is the Chief Financial Officer for Sonoco Products Company, responsible for the Company's global finance organization. He joined Sonoco on June 30, 2025, bringing nearly 25 years of experience in financial leadership with multinational publicly traded corporations. Previously, he served as Senior Vice President, Chief Financial Officer, and Corporate Secretary of American Woodmark Corporation. Before that, he was Vice President of Finance for TopBuild Corporation and held finance leadership positions with Stanley Black & Decker and General Electric's Healthcare and Capital Markets divisions. He began his career as a financial auditor with Ernst and Young LLP.
Rodger Fuller, Chief Operating Officer
Rodger Fuller serves as Chief Operating Officer for Sonoco. In this capacity, he is responsible for Sonoco's global consumer and industrial operations and businesses, as well as the company's Supply Management, Information Technology, and Automation and Robotics organizations.
James Harrell, President of Global Industrial Paper Packaging
James Harrell is the President of Global Industrial Paper Packaging (IPP) at Sonoco, overseeing the company's approximately $2.4 billion industrial packaging business, which includes around 9,000 employees in 145 facilities across 24 countries. Harrell joined Sonoco in 1985 and has held various management and operational leadership roles within both domestic and international industrial packaging businesses.
Ernest Haynes, President, Consumer Packaging Americas
Ernest Haynes is President, Consumer Packaging Americas at Sonoco, where he oversees rigid paper containers and metal packaging operations in North and South America. He previously served as President, Metal Packaging North America, and played a key role in the integration of Ball Metalpack and the acquisition of Eviosys. He joined Sonoco in 1997.
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The key risks to Sonoco Products' business include:
- High Leverage and Debt: Sonoco Products Company faces significant financial risk due to its high leverage and substantial debt levels. Recent reports indicate elevated net debt, with leverage ratios that could impact the company's financial flexibility and increase the risk of permanent capital loss.
- Raw Material Price Volatility and Supply Chain Complexity: The company is exposed to considerable risk from fluctuations in raw material costs, such as paperboard and resins, which can directly compress profit margins. Furthermore, managing a complex global supply chain, particularly amidst geopolitical tensions and economic disruptions, presents ongoing challenges to timely product delivery and cost efficiency.
- Intense Competition and Economic Downturns: Sonoco operates in highly competitive markets characterized by pricing pressures and a continuous need for innovation. Although the company has strategically shifted towards consumer packaging, which has historically shown resilience, an economic downturn could still lead to reduced demand, particularly affecting its industrial paper packaging segment.
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The accelerated global shift towards reusable, refillable, and truly circular packaging models. Sonoco's business is heavily invested in manufacturing and selling single-use packaging products, including rigid paper and plastic containers, flexible packaging, and various industrial packaging components. An increasing societal, regulatory, and consumer push towards reducing overall packaging waste through reuse, refill, and closed-loop systems threatens the demand for traditional disposable packaging solutions, even those with recycled content.
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Sonoco Products (SON) operates within several significant addressable markets for its diverse range of packaging products and services.
Consumer Packaging
- Rigid Paper Containers: The global rigid paper containers market was valued at approximately USD 80.96 billion in 2024 and is projected to grow to USD 120.25 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.66% during the forecast period. North America is the largest market, holding approximately 40% of the global share. Another source indicates the global market size was valued at USD 80.76 billion in 2024 and is expected to reach USD 128.54 billion by 2032.
- Metal and Peelable Membrane Ends and Closures: The global metal closures market was valued at USD 25.9 billion in 2024 and is estimated to grow at a CAGR of 5.8% from 2025 to 2034, reaching an astounding value of USD 28.4 billion by 2034. Other sources estimate the global metal closures market size at USD 30.87 billion in 2025, predicted to increase to approximately USD 52.33 billion by 2034, expanding at a CAGR of 6.04%.
- Thermoformed Plastic Trays and Containers (Thermoformed Plastic Packaging): The global thermoform packaging market size was valued at USD 60.51 billion in 2025 and is estimated to increase from USD 65.29 billion in 2026 to USD 120.05 billion by 2034, demonstrating a CAGR of 7.91%. North America dominated this market with a 34.35% share in 2025.
- Printed Flexible Packaging: The global flexible packaging market size was valued at USD 270.83 billion in 2025 and is projected to grow from USD 284.6 billion in 2026 to USD 463.56 billion by 2034, exhibiting a CAGR of 6.29%. Asia Pacific dominated the market with a market share of 41.82% in 2025. Another estimate for the global flexible packaging market size was USD 293.92 billion in 2025 and is projected to reach USD 440.88 billion by 2033.
- Global Brand Artwork Management: The global labeling and artwork management application market size was valued at USD 2.13 billion in 2024 and is projected to grow from USD 2.26 billion in 2025 to reach USD 3.72 billion by 2033, growing at a CAGR of 6.4%. North America is the most significant global market shareholder.
Industrial Paper Packaging
- Fiber-based Tubes, Cones, and Cores: The global tubes and cores market is projected to grow from USD 4.4 billion in 2026 to USD 7.5 billion by 2036, reflecting a CAGR of 5.4%. Another estimate for the tubes and cores market was USD 2,841.67 million in 2025, expected to increase to USD 4,683.86 million by 2032.
- Recycled Paperboard, Corrugating Medium, Recovered Paper, and Material Recycling Services:
- Uncoated Recycled Paperboard: The global uncoated recycled paperboard market, valued at USD 20.96 billion in 2025, is anticipated to reach USD 31.94 billion by 2035, growing at a CAGR of 4.3%. North America led the market in 2024.
- Coated Recycled Paperboard: The global coated recycled paperboard market is projected to grow from USD 10,001.4 million (USD 10.0014 billion) in 2024 to an estimated USD 14,458.7 million (USD 14.4587 billion) by 2032. Asia Pacific dominates this market.
- Recycled Paper Packaging (broader category): The global recycled paper packaging market accounts for USD 238.5 billion in 2024 and is projected to grow at a CAGR of 5.1% from 2025 to 2034, reaching USD 388.5 billion. North America is the largest market, holding approximately 40% of the global share.
Other Products and Services
- Custom-engineered Molded Foam Protective Packaging and Components / Fiber-based Protective Packaging and Components (Protective Packaging): The global protective packaging market size was valued at USD 37.86 billion in 2024 and is projected to reach USD 56.97 billion by 2033, growing at a CAGR of 4.4%. Asia Pacific dominated the market with the largest revenue share of nearly 43.0% in 2024. Another source valued the global protective packaging market at USD 34.7 billion in 2024 and estimates it to reach around USD 62.7 billion by 2034.
- Temperature-assured Packaging (Temperature Controlled Packaging Solutions): The global temperature-controlled packaging solutions market size was valued at USD 45.0 billion in 2024 and is poised to grow from USD 53.01 billion in 2025 to USD 196.57 billion by 2033, growing at a CAGR of 17.8%. North America dominated the global market by more than 40% of the revenue share.
- Retail Security Packaging (Tamper-Proof Packaging and Security Bags): The global tamper-proof packaging market was valued at US$ 36.6 billion in 2024 and is expected to grow to US$ 70.99 billion by 2034, with a CAGR of 6.85% from 2025 to 2034. The global security bags market is projected to grow from USD 565.9 million in 2025 to USD 1,072.3 million by 2035.
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Sonoco Products (SON) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market strategies:
- Strategic Acquisitions and Synergy Realization: The December 2024 acquisition of Eviosys, a metal packaging business in the EMEA region, is a significant driver, bolstering Sonoco's global presence in metal packaging. The company anticipates realizing approximately $100 million in annual run-rate synergies from this acquisition by the end of 2026, contributing to increased revenue.
- Product Innovation with a Focus on Sustainable Packaging: Sonoco is investing in organic growth and product innovation, particularly in sustainable packaging solutions. This includes the development and launch of new all-paper and paper-bottom cans designed to replace less sustainable plastic packaging, aligning with evolving customer and consumer preferences for eco-friendly options.
- Operational Improvements and Commercial Excellence: The company plans to implement a comprehensive profitability performance strategy focused on significant cost reductions through operational improvements, automation, and structural transformations. These efficiency gains and a focus on commercial excellence are expected to enhance competitive positioning and support future sales growth.
- Targeted Expansion in Key End Markets and Product Lines: Sonoco is actively strengthening its market position in the health and nutrition packaging segment. Furthermore, the company projects continued growth in its U.S. food can and aerosol businesses, indicating focused expansion within existing successful product categories and markets.
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Share Repurchases
- In April 2021, Sonoco's Board of Directors approved a $350 million share repurchase authorization.
- As of July 28, 2025, the company had completed the repurchase of 3,286,255 shares for $212.03 million under the April 2021 authorization.
- As of February 26, 2026, $138 million remained available for future share repurchases under the existing authorization.
Share Issuance
- Sonoco's shares outstanding saw a 0.38% increase year-over-year, reaching 0.100 billion for the quarter ending September 30, 2025.
- In 2024, shares outstanding increased by 0.4% from the prior year.
- In 2023, shares outstanding increased by 0.16% compared to 2022.
Outbound Investments
- In June 2024, Sonoco acquired Eviosys, a manufacturer of food metal closures, aerosol cans, and other packaging products, for $3.9 billion.
- In December 2021, Sonoco acquired Ball Metalpack, a metal packaging manufacturer, for $1.35 billion in cash. This acquisition expanded Sonoco's sustainable packaging portfolio with metal packaging.
- In September 2025, Sonoco agreed to sell its ThermoSafe business unit, a provider of temperature-assured packaging, to Arsenal Capital Partners for up to $725 million, with net proceeds primarily used for debt reduction.
Capital Expenditures
- Capital expenditures, net of proceeds from sales of fixed assets, for 2025 were $344.0 million.
- In July 2025, Sonoco announced a $30 million capital investment to expand its production capacity in the adhesives and sealants market, aiming to add 100 million additional units of annual capacity through enhancements and new production lines.
- For the period of 2026-2028, Sonoco anticipates maintaining capital expenditures at approximately 4% of sales, with expected capital spending of approximately $309 million in 2026 focused on automation, footprint optimization, and sales growth.
Latest Trefis Analyses
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| 05312025 | SON | Sonoco Products | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.1% | 22.9% | -12.8% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.00 |
| Mkt Cap | 7.0 |
| Rev LTM | 8,254 |
| Op Inc LTM | 685 |
| FCF LTM | 446 |
| FCF 3Y Avg | 567 |
| CFO LTM | 800 |
| CFO 3Y Avg | 999 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.0% |
| Rev Chg 3Y Avg | 3.4% |
| Rev Chg Q | 9.1% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 9.7% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 10.2% |
| CFO/Rev 3Y Avg | 12.1% |
| FCF/Rev LTM | 5.6% |
| FCF/Rev 3Y Avg | 6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.0 |
| P/S | 0.7 |
| P/EBIT | 6.2 |
| P/E | 10.3 |
| P/CFO | 9.0 |
| Total Yield | 7.8% |
| Dividend Yield | 3.2% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.9 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -6.5% |
| 3M Rtn | -4.6% |
| 6M Rtn | -3.2% |
| 12M Rtn | 3.1% |
| 3Y Rtn | -19.0% |
| 1M Excs Rtn | -5.6% |
| 3M Excs Rtn | -0.4% |
| 6M Excs Rtn | -3.2% |
| 12M Excs Rtn | -21.3% |
| 3Y Excs Rtn | -82.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Consumer Packaging | 2,540 | 2,476 | 3,775 | 2,368 | 2,230 |
| Industrial Paper Packaging | 2,461 | 2,476 | 2,819 | 2,464 | 1,991 |
| Other sales | 431 | 604 | |||
| Elimination of intersegment sales | -127 | -115 | -151 | ||
| All Other | 808 | 758 | 1,016 | ||
| Corporate | 0 | ||||
| Total | 5,305 | 5,441 | 7,251 | 5,590 | 5,237 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Consumer Packaging | 295 | 286 | 526 | 278 | |
| Industrial Paper Packaging | 272 | 318 | 328 | 177 | |
| Other operating profits | 53 | ||||
| Derivative (losses)/gains | 7 | 2 | |||
| Changes in last-in, first-out (LIFO) inventory reserves | 6 | 12 | |||
| Other operating (charges)/income, net | -1 | -10 | -107 | -19 | |
| Gain/(Loss) on divestiture of business | -23 | 79 | |||
| Corporate | -47 | -42 | |||
| Restructuring/Asset impairment charges | -65 | -48 | -57 | -146 | |
| Amortization of acquisition intangibles | -79 | -67 | -80 | -5 | |
| Acquisition, integration and divestiture-related costs | -92 | -25 | |||
| All Other | 85 | 66 | 72 | ||
| Total | 327 | 589 | 676 | 358 |
Price Behavior
Price Behavior
| Market Price | $54.18 | |
| Market Cap ($ Bil) | 5.4 | |
| First Trading Date | 06/11/1985 | |
| Distance from 52W High | -5.1% | |
| 50 Days | 200 Days | |
| DMA Price | $52.66 | $45.57 |
| DMA Trend | up | up |
| Distance from DMA | 2.9% | 18.9% |
| 3M | 1YR | |
| Volatility | 30.2% | 29.4% |
| Downside Capture | 0.02 | 0.35 |
| Upside Capture | 127.52 | 69.97 |
| Correlation (SPY) | 26.2% | 39.0% |
SON Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.81 | 0.60 | 0.67 | 0.43 | 0.66 | 0.64 |
| Up Beta | 1.28 | -1.01 | -0.31 | 0.05 | 0.68 | 0.69 |
| Down Beta | 0.70 | 0.86 | 0.88 | 0.51 | 0.61 | 0.55 |
| Up Capture | 74% | 150% | 155% | 83% | 61% | 28% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 23 | 35 | 70 | 129 | 376 |
| Down Capture | 82% | 18% | 13% | 19% | 72% | 89% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 19 | 28 | 56 | 123 | 374 |
[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 SON | |
|---|---|---|---|---|
| SON | 18.6% | 30.3% | 0.57 | - |
| Sector ETF (XLB) | 17.2% | 20.9% | 0.66 | 57.4% |
| Equity (SPY) | 15.3% | 19.0% | 0.64 | 40.9% |
| Gold (GLD) | 49.6% | 28.0% | 1.44 | 4.3% |
| Commodities (DBC) | 15.5% | 17.7% | 0.74 | 16.7% |
| Real Estate (VNQ) | 3.1% | 16.5% | 0.01 | 51.0% |
| Bitcoin (BTCUSD) | -19.0% | 44.0% | -0.35 | 15.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SON | |
|---|---|---|---|---|
| SON | 0.4% | 24.1% | -0.01 | - |
| Sector ETF (XLB) | 6.8% | 18.9% | 0.26 | 61.9% |
| Equity (SPY) | 11.7% | 17.0% | 0.53 | 48.2% |
| Gold (GLD) | 21.8% | 17.8% | 1.01 | 8.2% |
| Commodities (DBC) | 11.6% | 18.8% | 0.50 | 12.4% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 49.8% |
| Bitcoin (BTCUSD) | 3.0% | 56.5% | 0.27 | 14.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SON | |
|---|---|---|---|---|
| SON | 4.7% | 25.0% | 0.20 | - |
| Sector ETF (XLB) | 10.6% | 20.6% | 0.46 | 68.8% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 59.0% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | 5.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 19.4% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 58.1% |
| Bitcoin (BTCUSD) | 65.9% | 66.9% | 1.05 | 9.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/17/2026 | 9.8% | 11.1% | 4.7% |
| 10/22/2025 | -0.1% | -4.3% | -2.9% |
| 7/23/2025 | -0.2% | -5.9% | -3.2% |
| 4/29/2025 | -12.3% | -5.2% | -1.3% |
| 2/18/2025 | -3.7% | -2.3% | 1.6% |
| 10/31/2024 | -2.6% | -2.6% | 0.3% |
| 7/31/2024 | -2.3% | -8.5% | 3.7% |
| 4/30/2024 | 1.2% | 3.7% | 7.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 9 | 12 |
| # Negative | 17 | 14 | 11 |
| Median Positive | 1.3% | 0.8% | 3.8% |
| Median Negative | -2.7% | -4.9% | -1.6% |
| Max Positive | 9.8% | 11.1% | 11.0% |
| Max Negative | -12.3% | -12.0% | -12.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/28/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 7.25 Bil | 7.50 Bil | 7.75 Bil | ||||
| 2026 Adjusted EPS | 5.8 | 6 | 6.2 | ||||
| 2026 Adjusted EBITDA | 1.25 Bil | 1.30 Bil | 1.35 Bil | -1.9% | Lowered | Guidance: 1.32 Bil for 2025 | |
| 2026 Operating Cash Flow | 700.00 Mil | 750.00 Mil | 800.00 Mil | 3.4% | Raised | Guidance: 725.00 Mil for 2025 | |
| 2026 Adjusted Earnings Growth | 20.0% | ||||||
Prior: Q3 2025 Earnings Reported 10/22/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Adjusted EPS | 5.65 | 5.7 | 5.75 | -5.0% | Lowered | Guidance: 6 for 2025 | |
| 2025 Adjusted EBITDA | 1.30 Bil | 1.32 Bil | 1.35 Bil | -1.9% | Lowered | Guidance: 1.35 Bil for 2025 | |
| 2025 Cash flow from operating activities | 700.00 Mil | 725.00 Mil | 750.00 Mil | -9.4% | Lowered | Guidance: 800.00 Mil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Haley, John R | Direct | Buy | 10302025 | 39.87 | 2,506 | 99,914 | 929,370 | Form | |
| 2 | Joachimczyk, Paul | CFO | Direct | Buy | 10302025 | 39.50 | 20,500 | 809,746 | 809,746 | Form |
| 3 | Haley, John R | Direct | Buy | 5022025 | 44.57 | 2,246 | 100,100 | 927,197 | Form | |
| 4 | Coker, R. Howard | President & CEO | Direct | Buy | 5022025 | 41.17 | 20,000 | 823,472 | 20,684,176 | Form |
| 5 | Hill, Robert R Jr | Direct | Buy | 5022025 | 40.34 | 5,475 | 220,860 | 1,191,633 | Form |
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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