Ardagh Metal Packaging Sa (AMBP) Financials

AMBP

FY2025 annual

Revenue $5.5B +12.0% YoY

Net Income $11.0M +466.7% YoY

Free Cash Flow $276.0M -2.5% YoY

Operating Cash Flow $449.0M -0.2% YoY

Market Cap $2.9B as of Sep 9, 2026

Price / Sales 0.5x on $5.5B revenue, FY2025

Price / Earnings 266x on $11.0M net income, FY2025

Price / Book n/m negative shareholder equity, so no book multiple, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 5, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMBP SEC filings page.

Ardagh Metal Packaging Sa (AMBP) reported $5.5B in revenue for fiscal year 2025, up 12.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AMBP FY2025 2026-09-05

Positive cash generation coexists with near-breakeven earnings, rising leverage, and a balance sheet increasingly reliant on liabilities.

In FY2025, operating cash flow of $449M dwarfed net income of $11M, so cash conversion is being driven materially by non-net-income items rather than reported profit alone. Across FY2023-FY2025, operating cash flow stayed positive while earnings moved from a loss to near-zero profit, making cash generation look steadier than the income statement.

From FY2023 to FY2025, long-term debt increased while equity moved from positive to negative, changing the balance sheet from thinly capitalized to deficit equity. In FY2025, debt was $4.4B and the current ratio was 1.1x, indicating limited short-term cushion despite positive operating cash flow.

Free cash flow has been positive since FY2023, but capital intensity fell sharply: capital expenditures declined from $679M in FY2021 to $173M in FY2025. The resulting cash surplus coexisted with continued dividends of $262M in FY2025, leaving less internally generated cash available to rebuild equity.

Financial Health Signals

Financial Health Score 21/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ardagh Metal Packaging Sa's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Ardagh Metal Packaging Sa, and counted as zero in the overall score.

Growth

Ardagh Metal Packaging Sa's revenue grew 12.0% year-over-year to $5.5B, a solid pace of expansion. This earns a growth score of 57/100.

Leverage

Liquidity

Ardagh Metal Packaging Sa's current ratio of 1.06 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Ardagh Metal Packaging Sa has a free cash flow margin of 5.0%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Not available for Ardagh Metal Packaging Sa, and counted as zero in the overall score.

Piotroski F-Score Partial

6/8

Ardagh Metal Packaging Sa passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

N/A

Ardagh Metal Packaging Sa reported $11.0M of net income while generating $449.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$208.0M

YoY-2.8%

Ardagh Metal Packaging Sa held $208.0M in cash against $4.4B in long-term debt as of Q4 2025.

Shares Outstanding

598M

YoY0.0%

Ardagh Metal Packaging Sa had 598M shares outstanding in Q4 2025. That is unchanged from the same quarter a year earlier.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

AMBP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMBP quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Revenue	$5.5B+12.0%	$4.9B+2.0%	$4.8B+2.6%	$4.7B+15.6%	$4.1B+17.5%	$3.5B+3.2%	$3.3B
Interest Expense	$23.0M-8.0%	$25.0M+4.2%	$24.0M+100.0%	$12.0M-72.1%	$43.0M-70.5%	$146.0M-14.1%	$170.0M
Income Tax	-$7.0M-153.8%	$13.0M+161.9%	-$21.0M-210.5%	$19.0M-13.6%	$22.0M-24.1%	$29.0M+16.0%	$25.0M
Net Income	$11.0M+466.7%	-$3.0M+94.0%	-$50.0M-121.1%	$237.0M+212.9%	-$210.0M-289.2%	$111.0M+377.5%	-$40.0M
Diluted Shares (Avg)	598M0.0%	598M0.0%	598M-0.6%	601M+11.5%	539M+9.1%	494M0.0%	494M

Metric	Q4'2510-K	Q2'256-K	Q4'2410-K	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Revenue	N/A	$1.5B+15.6%	N/A	$1.3B+0.3%	N/A	$1.3B-3.7%	N/A	$1.3B+31.5%
Interest Expense	N/A	$6.0M-88.2%	N/A	$51.0M+121.7%	N/A	$23.0M-42.5%	N/A	$40.0M+281.8%
Income Tax	N/A	$10.0M+400.0%	N/A	$2.0M+200.0%	N/A	-$2.0M-116.7%	N/A	$12.0M-55.6%
Net Income	N/A	$5.0M+150.0%	N/A	$2.0M+120.0%	N/A	-$10.0M-110.0%	N/A	$100.0M+284.6%
Diluted Shares (Avg)	N/A	598M0.0%	N/A	598M0.0%	N/A	598M-0.9%	N/A	603M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).

AMBP Balance Sheet

AMBP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Total Assets	$5.7B+4.0%	$5.5B-3.7%	$5.7B-3.3%	$5.9B+10.1%	$5.3B+25.2%	$4.3B	N/A
Current Assets	$1.8B+12.9%	$1.6B+8.3%	$1.5B-21.1%	$1.9B+14.9%	$1.7B+60.2%	$1.0B	N/A
Cash & Equivalents	$208.0M-2.8%	$214.0M-34.0%	$324.0M-30.9%	$469.0M+1.3%	$463.0M+80.2%	$257.0M-9.5%	$284.0M
Inventory	$509.0M+33.2%	$382.0M-18.6%	$469.0M-17.3%	$567.0M+39.3%	$407.0M+62.8%	$250.0M	N/A
Accounts Receivable	$467.0M+40.7%	$332.0M+19.4%	$278.0M-45.4%	$509.0M-0.6%	$512.0M+39.1%	$368.0M	N/A
Goodwill	$1.0B+7.1%	$966.0M-3.3%	$999.0M+2.4%	$976.0M-3.4%	$1.0B-4.3%	$1.1B	N/A
Total Liabilities	$6.4B+13.5%	$5.6B+0.6%	$5.6B+2.8%	$5.4B+7.4%	$5.0B+19.8%	$4.2B	N/A
Current Liabilities	$1.7B+19.4%	$1.4B-4.9%	$1.5B+4.0%	$1.5B+4.6%	$1.4B+44.5%	$969.0M	N/A
Non-Current Liabilities	$4.6B+11.4%	$4.2B+2.7%	$4.0B+2.4%	$3.9B+8.4%	$3.6B+12.4%	$3.2B	N/A
Long-Term Debt	$4.4B+13.2%	$3.9B+4.5%	$3.7B+4.0%	$3.6B+24.4%	$2.9B+1.8%	$2.8B	N/A
Total Equity	-$675.0M-396.3%	-$136.0M-228.3%	$106.0M-76.7%	$455.0M+59.1%	$286.0M+495.8%	$48.0M+300.0%	$12.0M
Retained Earnings	-$972.0M-31.7%	-$738.0M-57.4%	-$469.0M-225.7%	-$144.0M-20.0%	-$120.0M	N/A	N/A

Metric	Q4'2510-K	Q2'256-K	Q4'2410-K	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Total Assets	$5.7B+4.0%	$5.5B+2.2%	$5.5B-3.7%	$5.4B-6.4%	$5.7B-3.3%	$5.7B-0.9%	$5.9B+10.1%	$5.8B
Current Assets	$1.8B+12.9%	$1.6B+14.6%	$1.6B+8.3%	$1.4B-15.6%	$1.5B-21.1%	$1.6B-22.8%	$1.9B+14.9%	$2.1B
Cash & Equivalents	$208.0M-2.8%	N/A	$214.0M-34.0%	N/A	$324.0M-30.9%	N/A	$469.0M+1.3%	$436.0M-25.7%
Inventory	$509.0M+33.2%	$471.0M+12.9%	$382.0M-18.6%	$417.0M-26.8%	$469.0M-17.3%	$570.0M+7.5%	$567.0M+39.3%	$530.0M
Accounts Receivable	$467.0M+40.7%	$532.0M+21.5%	$332.0M+19.4%	$438.0M-25.4%	$278.0M-45.4%	$587.0M-26.6%	$509.0M-0.6%	$800.0M
Goodwill	$1.0B+7.1%	$1.0B+5.2%	$966.0M-3.3%	$982.0M-0.8%	$999.0M+2.4%	$990.0M+2.9%	$976.0M-3.4%	$962.0M
Total Liabilities	$6.4B+13.5%	$5.8B+7.7%	$5.6B+0.6%	$5.4B-1.2%	$5.6B+2.8%	$5.5B+0.1%	$5.4B+7.4%	$5.5B
Current Liabilities	$1.7B+19.4%	$1.5B+2.2%	$1.4B-4.9%	$1.4B-1.2%	$1.5B+4.0%	$1.5B-1.8%	$1.5B+4.6%	$1.5B
Non-Current Liabilities	$4.6B+11.4%	$4.3B+9.7%	$4.2B+2.7%	$3.9B-1.3%	$4.0B+2.4%	$4.0B+0.8%	$3.9B+8.4%	$4.0B
Long-Term Debt	$4.4B+13.2%	$4.1B+4.8%	$3.9B+4.5%	$3.9B+3.3%	$3.7B+4.0%	$3.8B+8.9%	$3.6B+24.4%	$3.4B
Total Equity	-$675.0M-396.3%	-$318.0M-1345.5%	-$136.0M-228.3%	-$22.0M-107.9%	$106.0M-76.7%	$277.0M-16.8%	$455.0M+59.1%	$333.0M+145.0%
Retained Earnings	-$972.0M-31.7%	-$864.0M-42.8%	-$738.0M-57.4%	-$605.0M-107.2%	-$469.0M-225.7%	-$292.0M-521.3%	-$144.0M-20.0%	-$47.0M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

AMBP Cash Flow Statement

AMBP quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Operating Cash Flow	$449.0M-0.2%	$450.0M-26.9%	$616.0M+200.5%	$205.0M-55.2%	$458.0M+37.1%	$334.0M-11.4%	$377.0M
Depreciation & Amortization	$463.0M+3.1%	$449.0M+7.4%	$418.0M+16.4%	$359.0M+4.7%	$343.0M+8.9%	$315.0M+8.6%	$290.0M
Capital Expenditures	$173.0M+3.6%	$167.0M-54.6%	$368.0M-37.1%	$585.0M-13.8%	$679.0M+158.2%	$263.0M+30.8%	$201.0M
Free Cash Flow	$276.0M-2.5%	$283.0M+14.1%	$248.0M+165.3%	-$380.0M-71.9%	-$221.0M-411.3%	$71.0M-59.7%	$176.0M
Financing Cash Flow	-$374.0M-361.7%	-$81.0M+76.7%	-$348.0M-169.7%	$499.0M+9.9%	$454.0M+563.3%	-$98.0M-172.2%	-$36.0M
Dividends Paid	$262.0M-0.8%	$264.0M+0.4%	$263.0M+4.8%	$251.0M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$35.0M	N/A	N/A	N/A

Metric	Q4'2510-K	Q2'256-K	Q4'2410-K	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Operating Cash Flow	N/A	$210.0M-10.3%	N/A	$234.0M+4.9%	N/A	$223.0M+305.5%	N/A	$55.0M-64.1%
Depreciation & Amortization	N/A	$114.0M+0.9%	N/A	$113.0M+13.0%	N/A	$100.0M+12.4%	N/A	$89.0M+3.5%
Capital Expenditures	N/A	$42.0M+16.7%	N/A	$36.0M-62.5%	N/A	$96.0M-43.2%	N/A	$169.0M+39.7%
Free Cash Flow	N/A	$168.0M-15.2%	N/A	$198.0M+55.9%	N/A	$127.0M+211.4%	N/A	-$114.0M-456.3%
Financing Cash Flow	N/A	-$98.0M+12.5%	N/A	-$112.0M-75.0%	N/A	-$64.0M-118.1%	N/A	$353.0M-17.3%
Dividends Paid	N/A	$66.0M0.0%	N/A	$66.0M+1.5%	N/A	$65.0M-46.3%	N/A	$121.0M

Not reported in any period shown, so not listed: Stock-Based Compensation, Investing Cash Flow, Share Buybacks.

AMBP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMBP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Net Margin	0.2%+0.3pp	-0.1%+1.0pp	-1.0%-6.1pp	5.1%+10.2pp	-5.2%-8.4pp	3.2%+4.4pp	-1.2%
Return on Equity	N/A	N/A	-47.2%-99.3pp	52.1%+125.5pp	-73.4%-304.7pp	231.3%+564.6pp	-333.3%
Return on Assets	0.2%+0.2pp	-0.1%+0.8pp	-0.9%-4.9pp	4.0%+8.0pp	-3.9%-6.6pp	2.6%	N/A
Current Ratio	1.06-0.1x	1.13+0.1x	0.99-0.3x	1.30+0.1x	1.19+0.1x	1.07	N/A
Debt-to-Equity	N/A	N/A	35.23+27.3x	7.89-2.2x	10.09-49.0x	59.06	N/A
Asset Turnover	0.97+0.1x	0.900.0x	0.850.0x	0.800.0x	0.760.0x	0.81	N/A
FCF Margin	5.0%-0.8pp	5.8%+0.6pp	5.1%+13.3pp	-8.1%-2.7pp	-5.5%-7.5pp	2.1%-3.2pp	5.3%

Metric	Q4'2510-K	Q2'256-K	Q4'2410-K	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Net Margin	N/A	0.3%+0.2pp	N/A	0.2%+1.0pp	N/A	-0.8%-8.5pp	N/A	7.7%+5.1pp
Return on Equity	N/A	N/A	N/A	N/A	N/A	-3.6%-33.6pp	N/A	30.0%
Return on Assets	N/A	0.1%+0.1pp	N/A	0.0%+0.2pp	N/A	-0.2%-1.9pp	N/A	1.7%
Current Ratio	1.06-0.1x	1.07+0.1x	1.13+0.1x	0.95-0.2x	0.99-0.3x	1.11-0.3x	1.30+0.1x	1.42
Debt-to-Equity	N/A	N/A	N/A	N/A	35.23+27.3x	13.54+3.2x	7.89-2.2x	10.34
Asset Turnover	N/A	0.270.0x	N/A	0.230.0x	N/A	0.220.0x	N/A	0.23
FCF Margin	N/A	11.6%-4.2pp	N/A	15.7%+5.6pp	N/A	10.1%+18.9pp	N/A	-8.8%-12.0pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Note: Shareholder equity is negative (-$675.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ardagh Metal Packaging Sa AMBP	FY2025	$5.5B	$11.0M	0.2%	$2.9B	21/100
O-I Glass Inc OI	FY2025	$6.4B	-$129.0M	-2.0%	$1.0B	27/100
Greif GEF	FY2025	$3.9B	$840.0M	21.4%	$4.8B	26/100
Sonoco Prod SON	FY2025	$7.5B	$1.0B	13.3%	$4.9B	49/100
Silgan Holdings Inc SLGN	FY2025	$6.5B	$288.4M	4.5%	$4.2B	27/100
Sealed Air Cp SEE	FY2025	$5.4B	$505.5M	9.4%	$6.2B	47/100

Where Ardagh Metal Packaging Sa Ranks

Frequently Asked Questions

What is Ardagh Metal Packaging Sa's annual revenue?

Ardagh Metal Packaging Sa (AMBP) reported $5.5B in total revenue for fiscal year 2025. This represents a 12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ardagh Metal Packaging Sa's revenue growing?

Ardagh Metal Packaging Sa (AMBP) revenue grew by 12.0% year-over-year, from $4.9B to $5.5B in fiscal year 2025.

Is Ardagh Metal Packaging Sa profitable?

Yes, Ardagh Metal Packaging Sa (AMBP) reported a net income of $11.0M in fiscal year 2025, with a net profit margin of 0.2%.

How much debt does Ardagh Metal Packaging Sa have?

As of fiscal year 2025, Ardagh Metal Packaging Sa (AMBP) had $208.0M in cash and equivalents against $4.4B in long-term debt.

What is Ardagh Metal Packaging Sa's net profit margin?

Ardagh Metal Packaging Sa (AMBP) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ardagh Metal Packaging Sa's free cash flow?

Ardagh Metal Packaging Sa (AMBP) generated $276.0M in free cash flow during fiscal year 2025. This represents a -2.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ardagh Metal Packaging Sa's operating cash flow?

Ardagh Metal Packaging Sa (AMBP) generated $449.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ardagh Metal Packaging Sa's total assets?

Ardagh Metal Packaging Sa (AMBP) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ardagh Metal Packaging Sa's capital expenditures?

Ardagh Metal Packaging Sa (AMBP) invested $173.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Ardagh Metal Packaging Sa have outstanding?

Ardagh Metal Packaging Sa (AMBP) had 598M shares outstanding as of fiscal year 2025.

What is Ardagh Metal Packaging Sa's current ratio?

Ardagh Metal Packaging Sa (AMBP) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.

What is Ardagh Metal Packaging Sa's return on assets (ROA)?

Ardagh Metal Packaging Sa (AMBP) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ardagh Metal Packaging Sa's P/E ratio?

Ardagh Metal Packaging Sa (AMBP) trades at 266x earnings, its market capitalization divided by net income of $11.0M net income, FY2025. The market capitalization is $2.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ardagh Metal Packaging Sa's price-to-sales ratio?

Ardagh Metal Packaging Sa (AMBP) trades at 0.5x sales, its market capitalization divided by revenue of $5.5B revenue, FY2025. The market capitalization is $2.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Ardagh Metal Packaging Sa's debt-to-equity ratio negative or not reported?

Ardagh Metal Packaging Sa (AMBP) has negative shareholder equity of -$675.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Ardagh Metal Packaging Sa's Piotroski F-Score?

Ardagh Metal Packaging Sa (AMBP) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ardagh Metal Packaging Sa's earnings high quality?

Ardagh Metal Packaging Sa (AMBP) reported $11.0M of net income while generating $449.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ardagh Metal Packaging Sa?

Ardagh Metal Packaging Sa (AMBP) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.