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Stocks · Industrials · Metal Cans

Ardagh Metal Packaging S.A.

AMBP Clue Score49
Luxembourg Fiscal year ends December CIK 0001845097
$4.30 -2.27% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.30 −57.76% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 5 Aug 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue3,344.0Operating income198.0Net income−40.0EPS, diluted−0.08Fiscal year 2020Revenue3,451.0 +3.2%Operating income210.0Net income111.0EPS, diluted0.22Fiscal year 2021Revenue4,055.0 +17.5%Operating income47.0Net income−210.0 −289.2%EPS, diluted−0.39 −277.3%Fiscal year 2022Revenue4,689.0 +15.6%Operating income176.0Net income237.0EPS, diluted0.38Fiscal year 2023Revenue4,812.0 +2.6%Operating income76.0Net income−50.0 −121.1%EPS, diluted−0.12 −131.6%Fiscal year 2024Revenue4,908.0 +2.0%Operating income202.0Net income−3.0EPS, diluted−0.05Fiscal year 2025Revenue5,497.0 +12.0%Operating income244.0Net income11.0EPS, diluted−0.02
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,344.0 3,451.0 4,055.0 4,689.0 4,812.0 4,908.0 5,497.0
Growth +3.2% +17.5% +15.6% +2.6% +2.0% +12.0%
Operating income 198.0 210.0 47.0 176.0 76.0 202.0 244.0
Net income −40.0 111.0 −210.0 237.0 −50.0 −3.0 11.0
Growth −289.2% −121.1%
EPS, diluted −0.08 0.22 −0.39 0.38 −0.12 −0.05 −0.02
Growth −277.3% −131.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin15.3%Operating margin5.9%Net margin−1.2%Free cash flow margin5.3%Fiscal year 2020Gross margin15.9%Operating margin6.1%Net margin3.2%Free cash flow margin2.1%Fiscal year 2021Gross margin15.2%Operating margin1.2%Net margin−5.2%Free cash flow margin−5.5%Fiscal year 2022Gross margin11.2%Operating margin3.8%Net margin5.1%Free cash flow margin−8.1%Fiscal year 2023Gross margin9.9%Operating margin1.6%Net margin−1.0%Free cash flow margin5.2%Fiscal year 2024Gross margin12.8%Operating margin4.1%Net margin−0.1%Free cash flow margin5.8%Fiscal year 2025Gross margin12.4%Operating margin4.4%Net margin0.2%Free cash flow margin5.0%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 15.3% 15.9% 15.2% 11.2% 9.9% 12.8% 12.4%
Operating margin 5.9% 6.1% 1.2% 3.8% 1.6% 4.1% 4.4%
Net margin −1.2% 3.2% −5.2% 5.1% −1.0% −0.1% 0.2%
Free cash flow margin 5.3% 2.1% −5.5% −8.1% 5.2% 5.8% 5.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow377.0Capital expenditure−201.0Free cash flow176.0Fiscal year 2020Operating cash flow334.0Capital expenditure−263.0Free cash flow71.0 −59.7%Fiscal year 2021Operating cash flow458.0Capital expenditure−679.0Free cash flow−221.0 −411.3%Fiscal year 2022Operating cash flow205.0Capital expenditure−585.0Free cash flow−380.0Buybacks−35.0Dividends paid−251.0Fiscal year 2023Operating cash flow616.0Capital expenditure−368.0Free cash flow248.0Dividends paid−263.0Fiscal year 2024Operating cash flow450.0Capital expenditure−167.0Free cash flow283.0 +14.1%Dividends paid−264.0Fiscal year 2025Operating cash flow449.0Capital expenditure−173.0Free cash flow276.0 −2.5%Dividends paid−262.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 377.0 334.0 458.0 205.0 616.0 450.0 449.0
Capital expenditure −201.0 −263.0 −679.0 −585.0 −368.0 −167.0 −173.0
Free cash flow 176.0 71.0 −221.0 −380.0 248.0 283.0 276.0
Growth −59.7% −411.3% +14.1% −2.5%
Buybacks n/a n/a n/a −35.0 n/a n/a n/a
Dividends paid n/a n/a n/a −251.0 −263.0 −264.0 −262.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash284.0Shareholders’ equity12.0Fiscal year 2020Cash257.0Total debt2,793.0Net cash (debt)−2,536.0Shareholders’ equity48.0Debt to equity58.19Fiscal year 2021Cash463.0Total debt2,831.0Net cash (debt)−2,368.0Shareholders’ equity286.0Debt to equity9.90Fiscal year 2022Total debt3,524.0Shareholders’ equity455.0Debt to equity7.75Fiscal year 2023Total debt3,640.0Shareholders’ equity100.0Debt to equity36.40Fiscal year 2024Total debt3,797.0Shareholders’ equity−142.0Fiscal year 2025Total debt4,301.0Shareholders’ equity−683.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 284.0 257.0 463.0 n/a n/a n/a n/a
Total debt n/a 2,793.0 2,831.0 3,524.0 3,640.0 3,797.0 4,301.0
Net cash (debt) n/a −2,536.0 −2,368.0 n/a n/a n/a n/a
Shareholders’ equity 12.0 48.0 286.0 455.0 100.0 −142.0 −683.0
Debt to equity n/a 58.19 9.90 7.75 36.40 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
3,344.0 3,451.0 4,055.0 4,689.0 4,812.0 4,908.0 5,497.0
Growth +3.2% +17.5% +15.6% +2.6% +2.0% +12.0%
2,832.0 2,903.0 3,439.0 4,163.0 4,338.0 4,278.0 4,816.0
512.0 548.0 616.0 526.0 474.0 630.0 681.0
Growth +7.0% +12.4% −14.6% −9.9% +32.9% +8.1%
165.0 189.0 418.0 212.0 255.0 288.0 299.0
198.0 210.0 47.0 176.0 76.0 202.0 244.0
Growth +6.1% −77.6% +274.5% −56.8% +165.8% +20.8%
−15.0 140.0 −188.0 256.0 −71.0 10.0 4.0
25.0 29.0 22.0 19.0 −21.0 13.0 −7.0
−40.0 111.0 −210.0 237.0 −50.0 −3.0 11.0
Growth −289.2% −121.1%
Per share
−0.08 0.22 −0.39 0.38 −0.12 −0.05 −0.02
−0.08 0.22 −0.39 0.38 −0.12 −0.05 −0.02
Growth −277.3% −131.6%
493.8 493.8 538.8 601.0 597.6 597.7 597.7
493.8 493.8 538.8 601.0 597.6 597.7 597.7
Growth +0.0% +9.1% +11.5% −0.6% +0.0% +0.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 9.8% a year over five years.
  • The diluted share count rose 21.0% in five years, which is dilution.
  • Operating margin is down 1.6 points on five years ago, at 4.4%.
  • A net loss in 4 of 7 years on file.