Ardagh Metal Pac Financials

AMPWF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Ardagh Metal Pac (AMPWF) financial statements, including the 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 AMPWF FY2025 2026-04-22

Recurring cash flow, not reported earnings, is carrying a debt-heavy balance sheet with only thin liquidity headroom.

From FY2023 to FY2025, operating cash flow stayed around $450M even though net income only reached $11M in FY2025. The gap is explained less by a one-time working-capital swing than by depreciation of $463M against capex of $173M, so reported profit is currently understating the cash this asset base throws off.

By FY2025, liabilities exceeded assets, leaving negative equity of -$675M; that means this company is being supported more by ongoing cash generation than by balance-sheet cushion. Long-term debt rose to $4.4B, so with profitability still near break-even, there is limited room for operating setbacks to be absorbed by equity.

Free cash flow has been positive for three straight years, but cash on hand still slipped to $208M because much of that internally generated cash is being sent back out rather than rebuilding liquidity. In FY2025, dividends alone used $262M, which helps explain why stronger sales have not produced a meaningfully larger cash buffer.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ardagh Metal Pac's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

Ardagh Metal Pac 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

40.82x

For every $1 of reported earnings, Ardagh Metal Pac generates $40.82 in operating cash flow ($449.0M OCF vs $11.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.5B

YoY+12.0%

5Y CAGR+9.8%

Ardagh Metal Pac generated $5.5B in revenue in fiscal year 2025. This represents an increase of 12.0% from the prior year.

EBITDA

N/A

Net Income

$11.0M

YoY+466.7%

5Y CAGR-37.0%

Ardagh Metal Pac reported $11.0M in net income in fiscal year 2025. This represents an increase of 466.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$276.0M

YoY-2.5%

5Y CAGR+31.2%

Ardagh Metal Pac generated $276.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 2.5% from the prior year.

Cash & Debt

$208.0M

YoY-2.8%

5Y CAGR-4.1%

Ardagh Metal Pac held $208.0M in cash against $4.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

598M

YoY+0.0%

Ardagh Metal Pac had 598M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

0.2%

YoY+0.3pp

5Y CAGR-3.0pp

Ardagh Metal Pac's net profit margin was 0.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$173.0M

YoY+3.6%

5Y CAGR-8.0%

Ardagh Metal Pac invested $173.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.6% from the prior year.

AMPWF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.5B+12.0%	$4.9B+2.0%	$4.8B+2.6%	$4.7B+15.6%	$4.1B+17.5%	$3.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$23.0M-8.0%	$25.0M+4.2%	$24.0M+100.0%	$12.0M+50.0%	$8.0M+33.3%	$6.0M
Income Tax	-$7.0M-153.8%	$13.0M+161.9%	-$21.0M-210.5%	$19.0M-13.6%	$22.0M-24.1%	$29.0M
Net Income	$11.0M+466.7%	-$3.0M+94.0%	-$50.0M-121.1%	$237.0M+212.9%	-$210.0M-289.2%	$111.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$1.5B	N/A	$1.3B	N/A	$1.3B	N/A	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$6.0M	N/A	$6.0M	N/A	$5.0M	N/A	$40.0M
Income Tax	N/A	$10.0M	N/A	$2.0M	N/A	-$2.0M	N/A	$12.0M
Net Income	N/A	$5.0M	N/A	$2.0M	N/A	-$10.0M	N/A	$100.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMPWF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.7B+4.0%	$5.5B-3.7%	$5.7B-3.3%	$5.9B+10.1%	$5.3B+25.2%	$4.3B
Current Assets	$1.8B+12.9%	$1.6B+8.3%	$1.5B-21.1%	$1.9B+14.9%	$1.7B+60.2%	$1.0B
Cash & Equivalents	$208.0M-2.8%	$214.0M-34.0%	$324.0M-30.9%	$469.0M+1.3%	$463.0M+80.2%	$257.0M
Inventory	$509.0M+33.2%	$382.0M-18.6%	$469.0M-17.3%	$567.0M+39.3%	$407.0M+62.8%	$250.0M
Accounts Receivable	$467.0M+40.7%	$332.0M+19.4%	$278.0M-45.4%	$509.0M-0.6%	$512.0M+39.1%	$368.0M
Goodwill	$1.0B+7.1%	$966.0M-3.3%	$999.0M+2.4%	$976.0M-3.4%	$1.0B-4.3%	$1.1B
Total Liabilities	$6.4B+13.5%	$5.6B+0.6%	$5.6B+2.8%	$5.4B+7.4%	$5.0B+19.8%	$4.2B
Current Liabilities	$1.7B+19.4%	$1.4B-4.9%	$1.5B+4.0%	$1.5B+4.6%	$1.4B+44.5%	$969.0M
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
Total Equity	-$675.0M-396.3%	-$136.0M-228.3%	$106.0M-76.7%	$455.0M+59.1%	$286.0M+495.8%	$48.0M
Retained Earnings	-$972.0M-31.7%	-$738.0M-57.4%	-$469.0M-225.7%	-$144.0M-20.0%	-$120.0M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$5.7B+3.5%	$5.5B+0.5%	$5.5B+1.8%	$5.4B-5.3%	$5.7B-1.2%	$5.7B-2.2%	$5.9B+1.3%	$5.8B
Current Assets	$1.8B+16.8%	$1.6B-3.4%	$1.6B+18.6%	$1.4B-8.7%	$1.5B-7.6%	$1.6B-14.7%	$1.9B-9.6%	$2.1B
Cash & Equivalents	$208.0M	N/A	$214.0M	N/A	$324.0M	N/A	$469.0M+7.6%	$436.0M
Inventory	$509.0M+8.1%	$471.0M+23.3%	$382.0M-8.4%	$417.0M-11.1%	$469.0M-17.7%	$570.0M+0.5%	$567.0M+7.0%	$530.0M
Accounts Receivable	$467.0M-12.2%	$532.0M+60.2%	$332.0M-24.2%	$438.0M+57.6%	$278.0M-52.6%	$587.0M+15.3%	$509.0M-36.4%	$800.0M
Goodwill	$1.0B+0.2%	$1.0B+6.9%	$966.0M-1.6%	$982.0M-1.7%	$999.0M+0.9%	$990.0M+1.4%	$976.0M+1.5%	$962.0M
Total Liabilities	$6.4B+9.4%	$5.8B+3.7%	$5.6B+3.9%	$5.4B-3.1%	$5.6B+1.9%	$5.5B+0.9%	$5.4B-0.8%	$5.5B
Current Liabilities	$1.7B+17.1%	$1.5B+1.9%	$1.4B+0.3%	$1.4B-5.1%	$1.5B+4.1%	$1.5B-0.1%	$1.5B-1.7%	$1.5B
Long-Term Debt	$4.4B+8.8%	$4.1B+4.1%	$3.9B+0.7%	$3.9B+3.8%	$3.7B-0.5%	$3.8B+4.4%	$3.6B+4.3%	$3.4B
Total Equity	-$675.0M-112.3%	-$318.0M-133.8%	-$136.0M-518.2%	-$22.0M-120.8%	$106.0M-61.7%	$277.0M-39.1%	$455.0M+36.6%	$333.0M
Retained Earnings	-$972.0M-12.5%	-$864.0M-17.1%	-$738.0M-22.0%	-$605.0M-29.0%	-$469.0M-60.6%	-$292.0M-102.8%	-$144.0M-206.4%	-$47.0M

AMPWF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	$173.0M+3.6%	$167.0M-54.6%	$368.0M-37.1%	$585.0M-13.8%	$679.0M+158.2%	$263.0M
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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
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
Dividends Paid	$262.0M-0.8%	$264.0M+0.4%	$263.0M+4.8%	$251.0M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$35.0M	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$210.0M	N/A	$234.0M	N/A	$223.0M	N/A	$55.0M
Capital Expenditures	N/A	$42.0M	N/A	$36.0M	N/A	$96.0M	N/A	$169.0M
Free Cash Flow	N/A	$168.0M	N/A	$198.0M	N/A	$127.0M	N/A	-$114.0M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	-$98.0M	N/A	-$112.0M	N/A	-$64.0M	N/A	$353.0M
Dividends Paid	N/A	$66.0M	N/A	$66.0M	N/A	$65.0M	N/A	$121.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMPWF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.2%+0.3pp	-0.1%+1.0pp	-1.0%-6.1pp	5.1%+10.2pp	-5.2%-8.4pp	3.2%
Return on Equity	N/A	N/A	-47.2%-99.3pp	52.1%+125.5pp	-73.4%-304.7pp	231.3%
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%
Current Ratio	1.06-0.1	1.13+0.1	0.99-0.3	1.30+0.1	1.19+0.1	1.07
Debt-to-Equity	-6.55+22.1	-28.69-63.9	35.23+27.3	7.89-2.2	10.09-49.0	59.06
FCF Margin	5.0%-0.8pp	5.8%+0.6pp	5.1%+13.3pp	-8.1%-2.7pp	-5.5%-7.5pp	2.1%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	0.3%	N/A	0.2%	N/A	-0.8%	N/A	7.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-3.6%	N/A	30.0%
Return on Assets	N/A	0.1%	N/A	0.0%	N/A	-0.2%	N/A	1.7%
Current Ratio	1.060.0	1.07-0.1	1.13+0.2	0.95-0.0	0.99-0.1	1.11-0.2	1.30-0.1	1.42
Debt-to-Equity	-6.55+6.2	-12.77+15.9	-28.69+147.4	-176.14-211.4	35.23+21.7	13.54+5.6	7.89-2.4	10.34
FCF Margin	N/A	11.6%	N/A	15.7%	N/A	10.1%	N/A	-8.8%

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.

Frequently Asked Questions

What is Ardagh Metal Pac's annual revenue?

Ardagh Metal Pac (AMPWF) 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 Pac's revenue growing?

Ardagh Metal Pac (AMPWF) revenue grew by 12% year-over-year, from $4.9B to $5.5B in fiscal year 2025.

Is Ardagh Metal Pac profitable?

Yes, Ardagh Metal Pac (AMPWF) 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 Pac have?

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

What is Ardagh Metal Pac's net profit margin?

Ardagh Metal Pac (AMPWF) 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 Pac's free cash flow?

Ardagh Metal Pac (AMPWF) 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 Pac's operating cash flow?

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

What are Ardagh Metal Pac's total assets?

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

What are Ardagh Metal Pac's capital expenditures?

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

How many shares does Ardagh Metal Pac have outstanding?

Ardagh Metal Pac (AMPWF) had 598M shares outstanding as of fiscal year 2025.

What is Ardagh Metal Pac's current ratio?

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

What is Ardagh Metal Pac's debt-to-equity ratio?

Ardagh Metal Pac (AMPWF) had a debt-to-equity ratio of -6.55 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

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

Why is Ardagh Metal Pac's debt-to-equity ratio negative or unusual?

Ardagh Metal Pac (AMPWF) has negative shareholder equity of -$675.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 Pac's Piotroski F-Score?

Ardagh Metal Pac (AMPWF) 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 Pac's earnings high quality?

Ardagh Metal Pac (AMPWF) has an earnings quality ratio of 40.82x, considered cash-backed (high quality). 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.