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Stocks · Materials · Paper Mills

Magnera Corp

MAGN Clue Score36
United States Fiscal year ends September CIK 0000041719
$11.50 -1.29% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $11.50 −21.45% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. 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 2017Revenue800.4Operating income33.3Net income7.9EPS, diluted0.18Fiscal year 2018Revenue866.3 +8.2%Operating income21.9Net income−177.6 −2,344.2%EPS, diluted−4.06 −2,355.6%Fiscal year 2019Revenue927.7 +7.1%Operating income54.6Net income−21.5EPS, diluted−0.49Fiscal year 2020Revenue916.5 −1.2%Operating income49.2Net income21.3EPS, diluted0.48Fiscal year 2021Revenue1,084.7 +18.4%Operating income28.6Net income6.9 −67.4%EPS, diluted0.15 −68.8%Fiscal year 2022Revenue1,491.3 +37.5%Operating income−164.0Net income−194.2 −2,899.6%EPS, diluted−4.33 −2,986.7%Fiscal year 2023Revenue2,275.0 +52.5%Operating income69.0Net income38.0EPS, diluted1.19Fiscal year 2023Revenue1,385.5 −39.1%Operating income2.7Net income−79.1 −308.0%EPS, diluted−1.75 −247.1%Fiscal year 2024Revenue2,187.0 +57.8%Operating income−141.0Net income−154.0EPS, diluted−4.84Fiscal year 2025Revenue3,204.0 +46.5%Operating income5.0Net income−159.0EPS, diluted−4.47
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Revenue 800.4 866.3 927.7 916.5 1,084.7 1,491.3 2,275.0 1,385.5 2,187.0 3,204.0
Growth +8.2% +7.1% −1.2% +18.4% +37.5% +52.5% −39.1% +57.8% +46.5%
Operating income 33.3 21.9 54.6 49.2 28.6 −164.0 69.0 2.7 −141.0 5.0
Net income 7.9 −177.6 −21.5 21.3 6.9 −194.2 38.0 −79.1 −154.0 −159.0
Growth −2,344.2% −67.4% −2,899.6% −308.0%
EPS, diluted 0.18 −4.06 −0.49 0.48 0.15 −4.33 1.19 −1.75 −4.84 −4.47
Growth −2,355.6% −68.8% −2,986.7% −247.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin17.9%Operating margin4.2%Net margin1.0%Free cash flow margin−3.4%Fiscal year 2018Gross margin15.1%Operating margin2.5%Net margin−20.5%Free cash flow margin−5.6%Fiscal year 2019Gross margin15.9%Operating margin5.9%Net margin−2.3%Free cash flow margin8.1%Fiscal year 2020Gross margin16.1%Operating margin5.4%Net margin2.3%Free cash flow margin8.8%Fiscal year 2021Gross margin13.3%Operating margin2.6%Net margin0.6%Free cash flow margin3.8%Fiscal year 2022Gross margin10.0%Operating margin−11.0%Net margin−13.0%Free cash flow margin−5.3%Fiscal year 2023Operating margin3.0%Net margin1.7%Free cash flow margin7.4%Fiscal year 2023Gross margin9.4%Operating margin0.2%Net margin−5.7%Free cash flow margin−4.3%Fiscal year 2024Operating margin−6.4%Net margin−7.0%Free cash flow margin5.5%Fiscal year 2025Operating margin0.2%Net margin−5.0%Free cash flow margin1.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Gross margin 17.9% 15.1% 15.9% 16.1% 13.3% 10.0% n/a 9.4% n/a n/a
Operating margin 4.2% 2.5% 5.9% 5.4% 2.6% −11.0% 3.0% 0.2% −6.4% 0.2%
Net margin 1.0% −20.5% −2.3% 2.3% 0.6% −13.0% 1.7% −5.7% −7.0% −5.0%
Free cash flow margin −3.4% −5.6% 8.1% 8.8% 3.8% −5.3% 7.4% −4.3% 5.5% 1.1%

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 2017Operating cash flow53.2Capital expenditure−80.8Free cash flow−27.5Dividends paid−22.5Fiscal year 2018Operating cash flow−6.0Capital expenditure−42.1Free cash flow−48.1Dividends paid−22.8Fiscal year 2019Operating cash flow102.8Capital expenditure−27.8Free cash flow75.1Dividends paid−22.9Fiscal year 2020Operating cash flow109.0Capital expenditure−28.1Free cash flow80.9 +7.7%Dividends paid−23.5Fiscal year 2021Operating cash flow71.0Capital expenditure−30.0Free cash flow40.9 −49.4%Dividends paid−24.5Fiscal year 2022Operating cash flow−40.8Capital expenditure−37.7Free cash flow−78.6 −291.9%Dividends paid−18.8Fiscal year 2023Operating cash flow257.0Capital expenditure−88.0Free cash flow169.0Fiscal year 2023Operating cash flow−25.6Capital expenditure−33.8Free cash flow−59.4 −135.1%Dividends paid0.0Fiscal year 2024Operating cash flow192.0Capital expenditure−72.0Free cash flow120.0Fiscal year 2025Operating cash flow103.0Capital expenditure−67.0Free cash flow36.0 −70.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Operating cash flow 53.2 −6.0 102.8 109.0 71.0 −40.8 257.0 −25.6 192.0 103.0
Capital expenditure −80.8 −42.1 −27.8 −28.1 −30.0 −37.7 −88.0 −33.8 −72.0 −67.0
Free cash flow −27.5 −48.1 75.1 80.9 40.9 −78.6 169.0 −59.4 120.0 36.0
Growth +7.7% −49.4% −291.9% −135.1% −70.0%
Dividends paid −22.5 −22.8 −22.9 −23.5 −24.5 −18.8 n/a 0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash116.2Total debt481.4Net cash (debt)−365.2Shareholders’ equity708.9Debt to equity0.68Fiscal year 2018Cash142.7Total debt411.7Net cash (debt)−269.1Shareholders’ equity538.9Debt to equity0.76Fiscal year 2019Cash126.2Total debt359.9Net cash (debt)−233.7Shareholders’ equity556.0Debt to equity0.65Fiscal year 2020Cash99.6Total debt313.5Net cash (debt)−213.9Shareholders’ equity577.9Debt to equity0.54Fiscal year 2021Cash138.4Total debt764.5Net cash (debt)−626.1Shareholders’ equity542.8Debt to equity1.41Fiscal year 2022Cash110.7Total debt833.7Net cash (debt)−723.0Shareholders’ equity318.0Debt to equity2.62Fiscal year 2023Cash52.7Total debt849.8Net cash (debt)−797.0Shareholders’ equity2,390.0Debt to equity0.36Fiscal year 2023Cash50.3Total debt854.2Net cash (debt)−803.9Shareholders’ equity256.9Debt to equity3.33Fiscal year 2024Cash230.0Total debt0.0Net cash (debt)230.0Shareholders’ equity2,139.0Debt to equity0.00Fiscal year 2025Cash305.0Total debt1,952.0Net cash (debt)−1,647.0Shareholders’ equity1,064.0Debt to equity1.83
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2023FY2024FY2025
Cash 116.2 142.7 126.2 99.6 138.4 110.7 52.7 50.3 230.0 305.0
Total debt 481.4 411.7 359.9 313.5 764.5 833.7 849.8 854.2 0.0 1,952.0
Net cash (debt) −365.2 −269.1 −233.7 −213.9 −626.1 −723.0 −797.0 −803.9 230.0 −1,647.0
Shareholders’ equity 708.9 538.9 556.0 577.9 542.8 318.0 2,390.0 256.9 2,139.0 1,064.0
Debt to equity 0.68 0.76 0.65 0.54 1.41 2.62 0.36 3.33 0.00 1.83

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 September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 30 Sep 2023 FY2023 31 Dec 2023 FY2024 28 Sep 2024 FY2025 27 Sep 2025
Revenue and profit
761.2 800.4 866.3 927.7 916.5 1,084.7 1,491.3 2,275.0 1,385.5 2,187.0 3,204.0
Growth +5.1% +8.2% +7.1% −1.2% +18.4% +37.5% +52.5% −39.1% +57.8% +46.5%
629.5 656.8 735.9 780.1 768.6 939.9 1,342.5 1,995.0 1,255.8 1,950.0 2,867.0
131.7 143.6 130.4 147.5 147.9 144.8 148.8 n/a 129.7 n/a n/a
Growth +9.0% −9.2% +13.1% +0.2% −2.1% +2.8%
n/a n/a n/a n/a n/a n/a n/a 15.0 n/a 13.0 20.0
153.2 110.5 111.7 95.0 99.1 121.3 125.0 110.0 109.7 107.0 190.0
−21.5 33.3 21.9 54.6 49.2 28.6 −164.0 69.0 2.7 −141.0 5.0
Growth −34.0% +149.0% −10.0% −41.8% −673.0% −96.1% −5,299.1%
−42.6 19.5 7.3 −34.5 32.4 13.7 −204.4 72.0 −71.1 −135.0 −166.0
−28.4 25.1 7.7 −9.2 11.6 7.0 −10.3 34.0 7.0 19.0 −7.0
21.6 7.9 −177.6 −21.5 21.3 6.9 −194.2 38.0 −79.1 −154.0 −159.0
Growth −63.3% −2,344.2% −67.4% −2,899.6% −308.0%
Per share
0.49 0.18 −4.06 −0.49 0.48 0.15 −4.33 1.19 −1.75 −4.84 −4.47
0.49 0.18 −4.06 −0.49 0.48 0.15 −4.33 1.19 −1.75 −4.84 −4.47
Growth −63.3% −2,355.6% −68.8% −2,986.7% −247.1%
43.6 43.6 43.8 44.1 44.3 44.6 44.8 31.8 45.1 31.8 35.5
44.1 44.4 43.8 44.1 44.6 44.9 44.8 31.8 45.1 31.8 35.5
Growth +0.7% −1.5% +0.8% +1.1% +0.7% −0.2% −29.1% +41.7% −29.4% +11.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 24.2% a year over five years.
  • The diluted share count fell 21.0% in five years, so buybacks did some of the work per share.
  • Operating margin is down 2.5 points on five years ago, at 0.2%.
  • A net loss in 6 of 11 years on file.