Tredegar Financials

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

4/9

Tredegar passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-0.40x

For every $1 of reported earnings, Tredegar generates $-0.40 in operating cash flow ($25.5M OCF vs -$64.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Tredegar (TG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

$11.2M

YoY+555.4%

5Y CAGR-29.7%

10Y CAGR+5.8%

Tredegar generated $11.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 555.4% from the prior year.

Net Income

-$64.6M

YoY+39.0%

Tredegar reported -$64.6M in net income in fiscal year 2024. This represents an increase of 39.0% from the prior year.

EPS (Diluted)

$-1.88

YoY+39.4%

Tredegar earned $-1.88 per diluted share (EPS) in fiscal year 2024. This represents an increase of 39.4% from the prior year.

Cash & Debt

$7.1M

YoY-26.9%

5Y CAGR-25.8%

10Y CAGR-17.8%

Tredegar held $7.1M in cash against $60.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

35M

YoY+0.7%

5Y CAGR+0.8%

10Y CAGR+0.6%

Tredegar had 35M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$711K

YoY-75.4%

5Y CAGR-38.2%

10Y CAGR-24.7%

Tredegar invested $711K in research and development in fiscal year 2024. This represents a decrease of 75.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$14.3M

YoY-45.7%

5Y CAGR-22.4%

10Y CAGR-10.8%

Tredegar invested $14.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 45.7% from the prior year.

TG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	$649.7M+16.2%	$559.0M-12.8%	$641.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$711K-75.4%	$2.9M-45.6%	$5.3M-16.1%	$6.3M-24.4%	$8.4M+6.4%	$7.9M
SG&A Expenses	$73.0M+11.6%	$65.4M-6.1%	$69.6M-7.1%	$75.0M-11.0%	$84.2M+10.0%	$76.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$4.7M-26.2%	$6.3M+52.5%	$4.1M+22.3%	$3.4M+30.9%	$2.6M-36.1%	$4.1M
Income Tax	-$165K+99.7%	-$51.3M-1598.1%	-$3.0M-132.5%	$9.3M+213.0%	-$8.2M-160.6%	$13.5M
Net Income	-$64.6M+39.0%	-$105.9M-472.2%	$28.5M-50.8%	$57.8M+176.6%	-$75.4M-256.3%	$48.3M
EPS (Diluted)	$-1.88+39.4%	$-3.10-469.0%	$0.84-51.2%	$1.72+176.1%	$-2.26-255.9%	$1.45

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$165K	N/A	$475K+184.4%	$167K+10.6%	$151K	N/A
SG&A Expenses	$20.2M-1.6%	$20.6M-0.5%	$20.7M	N/A	$18.7M-2.1%	$19.1M+15.4%	$16.5M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$768K-57.0%	$1.8M+76.2%	$1.0M	N/A	$1.2M+4.7%	$1.1M-3.8%	$1.2M	N/A
Income Tax	$2.0M+104.7%	$984K+70.5%	$577K	N/A	$828K+2278.9%	-$38K-101.6%	$2.4M	N/A
Net Income	$7.1M+308.7%	$1.7M-82.9%	$10.1M+113.9%	-$72.7M-1742.3%	-$3.9M-144.9%	$8.8M+167.4%	$3.3M+109.2%	-$35.6M
EPS (Diluted)	$0.20+300.0%	$0.05-82.8%	$0.29+113.7%	$-2.12-1827.3%	$-0.11-142.3%	$0.26+160.0%	$0.10+109.6%	$-1.04

TG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$356.4M-20.2%	$446.5M-17.6%	$542.1M+3.5%	$523.6M+1.7%	$514.9M-27.8%	$712.7M
Current Assets	$139.8M-20.9%	$176.7M-27.2%	$242.6M+2.6%	$236.4M+25.5%	$188.4M-19.2%	$233.2M
Cash & Equivalents	$7.1M-26.9%	$9.7M-49.8%	$19.2M-37.0%	$30.5M+157.6%	$11.8M-62.3%	$31.4M
Inventory	$51.4M+3.5%	$49.7M-61.1%	$127.8M+44.3%	$88.6M+33.3%	$66.4M+3.5%	$64.2M
Accounts Receivable	$65.0M+14.6%	$56.8M-35.1%	$87.5M-16.7%	$105.0M+17.9%	$89.1M-2.1%	$91.0M
Goodwill	$22.4M-37.2%	$35.7M-49.4%	$70.6M0.0%	$70.6M+4.3%	$67.7M-16.8%	$81.4M
Total Liabilities	$175.4M-39.7%	$290.8M-14.6%	$340.3M+0.4%	$338.9M-16.5%	$405.8M+20.8%	$335.9M
Current Liabilities	$91.7M-63.2%	$249.1M+66.4%	$149.7M-11.2%	$168.5M+19.7%	$140.8M-7.7%	$152.5M
Long-Term Debt	$60.6M	$0-100.0%	$137.0M+87.7%	$73.0M-45.5%	$134.0M+219.0%	$42.0M
Total Equity	$181.0M+16.3%	$155.7M-22.9%	$201.8M+9.2%	$184.7M+69.4%	$109.1M-71.1%	$376.7M
Retained Earnings	$113.4M-36.3%	$178.0M-39.2%	$292.7M+4.1%	$281.2M+17.4%	$239.5M-54.9%	$530.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$378.8M+1.9%	$371.6M-0.7%	$374.2M+5.0%	$356.4M-19.5%	$442.5M-1.7%	$450.4M+1.8%	$442.5M-0.9%	$446.5M
Current Assets	$174.9M+6.8%	$163.8M+1.3%	$161.7M+15.7%	$139.8M-25.7%	$188.3M-1.3%	$190.8M+9.1%	$174.9M-1.0%	$176.7M
Cash & Equivalents	$13.3M+35.7%	$9.8M+167.8%	$3.7M-48.2%	$7.1M+159.3%	$2.7M-22.4%	$3.5M+0.5%	$3.5M-63.8%	$9.7M
Inventory	$62.0M-7.0%	$66.6M-3.3%	$68.9M+34.1%	$51.4M-41.7%	$88.1M-1.3%	$89.2M+2.8%	$86.8M+74.9%	$49.7M
Accounts Receivable	$88.2M+11.5%	$79.1M-1.1%	$80.0M+23.0%	$65.0M-20.3%	$81.6M-2.7%	$83.9M+14.9%	$73.0M+28.6%	$56.8M
Goodwill	$22.4M0.0%	$22.4M0.0%	$22.4M0.0%	$22.4M-37.2%	$35.7M0.0%	$35.7M0.0%	$35.7M0.0%	$35.7M
Total Liabilities	$176.6M-0.5%	$177.5M-2.9%	$182.8M+4.3%	$175.4M-38.3%	$284.1M-2.2%	$290.4M+1.7%	$285.7M-1.8%	$290.8M
Current Liabilities	$104.9M+13.0%	$92.8M-10.6%	$103.8M+13.2%	$91.7M-61.7%	$239.3M-2.4%	$245.2M+2.4%	$239.4M-3.9%	$249.1M
Long-Term Debt	$49.5M-20.2%	$62.0M+10.7%	$56.0M-7.6%	$60.6M+203.0%	$20.0M0.0%	$20.0M0.0%	$20.0M	$0
Total Equity	$202.2M+4.2%	$194.1M+1.4%	$191.4M+5.7%	$181.0M+14.2%	$158.4M-0.9%	$160.0M+2.0%	$156.8M+0.7%	$155.7M
Retained Earnings	$132.3M+5.6%	$125.2M+1.4%	$123.5M+8.9%	$113.4M-39.1%	$186.1M-2.1%	$190.1M+4.9%	$181.3M+1.8%	$178.0M

TG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$25.5M+6.3%	$24.0M+215.1%	-$20.8M-129.5%	$70.6M-5.1%	$74.4M-35.8%	$115.9M
Capital Expenditures	$14.3M-45.7%	$26.4M-28.3%	$36.9M+34.8%	$27.4M+17.2%	$23.4M-54.1%	$50.9M
Free Cash Flow	$11.2M+555.4%	-$2.5M+95.8%	-$57.7M-233.5%	$43.2M-15.3%	$51.0M-21.5%	$65.0M
Investing Cash Flow	$40.5M+254.7%	-$26.2M+26.2%	-$35.5M-245.0%	$24.4M-25.6%	$32.9M+182.4%	-$39.9M
Financing Cash Flow	-$65.0M-1349.1%	-$4.5M-109.9%	$45.4M+159.1%	-$76.8M+38.8%	-$125.6M-62.4%	-$77.3M
Dividends Paid	$0-100.0%	$8.9M-95.6%	$200.0M0.0%	$200.0M0.0%	$200.0M+1205.1%	$15.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	-$854K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$20.1M+834.1%	$2.2M+143.0%	-$5.0M-125.7%	$19.5M+1624.7%	-$1.3M-108.5%	$15.0M+294.9%	-$7.7M+61.9%	-$20.2M
Capital Expenditures	$3.6M+34.6%	$2.7M-9.3%	$3.0M-55.5%	$6.7M+128.2%	$2.9M+25.5%	$2.3M-5.7%	$2.5M-41.1%	$4.2M
Free Cash Flow	$16.5M+3233.2%	-$527K+93.4%	-$8.0M-162.2%	$12.8M+405.6%	-$4.2M-132.9%	$12.7M+225.0%	-$10.2M+58.3%	-$24.4M
Investing Cash Flow	-$3.6M-364.4%	-$777K-111.3%	$6.9M-85.7%	$48.0M+1746.5%	-$2.9M-33.9%	-$2.2M+8.5%	-$2.4M+43.1%	-$4.2M
Financing Cash Flow	-$13.1M-377.7%	$4.7M+189.3%	-$5.3M+91.4%	-$61.4M-4629.7%	$1.4M+119.6%	-$6.9M-444.5%	$2.0M+116.5%	-$12.2M
Dividends Paid	N/A	N/A	N/A	$0	$0	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	14.1%-17.2pp	31.3%	N/A	12.8%
Return on Assets	-18.1%+5.6pp	-23.7%-29.0pp	5.3%-5.8pp	11.0%+25.7pp	-14.6%-21.4pp	6.8%
Current Ratio	1.52+0.8	0.71-0.9	1.62+0.2	1.40+0.1	1.34-0.2	1.53
Debt-to-Equity	0.33+0.3	0.00-0.7	0.68+0.3	0.40-0.8	1.23+1.1	0.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	3.5%+2.6pp	0.9%-4.4pp	5.3%	N/A	N/A	5.5%+3.4pp	2.1%	N/A
Return on Assets	1.9%+1.4pp	0.5%-2.2pp	2.7%+23.1pp	-20.4%-19.5pp	-0.9%-2.8pp	1.9%+1.2pp	0.7%+8.7pp	-8.0%
Current Ratio	1.67-0.1	1.76+0.2	1.56+0.0	1.52+0.7	0.790.0	0.78+0.0	0.73+0.0	0.71
Debt-to-Equity	0.24-0.1	0.32+0.0	0.29-0.0	0.33+0.2	0.130.0	0.130.0	0.13+0.1	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Tredegar profitable?

No, Tredegar (TG) reported a net income of -$64.6M in fiscal year 2024.

What is Tredegar's earnings per share (EPS)?

Tredegar (TG) reported diluted earnings per share of $-1.88 for fiscal year 2024. This represents a 39.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Tredegar have?

As of fiscal year 2024, Tredegar (TG) had $7.1M in cash and equivalents against $60.6M in long-term debt.

What is Tredegar's free cash flow?

Tredegar (TG) generated $11.2M in free cash flow during fiscal year 2024. This represents a 555.4% 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 Tredegar's operating cash flow?

Tredegar (TG) generated $25.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Tredegar's total assets?

Tredegar (TG) had $356.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Tredegar's capital expenditures?

Tredegar (TG) invested $14.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Tredegar spend on research and development?

Tredegar (TG) invested $711K in research and development during fiscal year 2024.

How many shares does Tredegar have outstanding?

Tredegar (TG) had 35M shares outstanding as of fiscal year 2024.

What is Tredegar's current ratio?

Tredegar (TG) had a current ratio of 1.52 as of fiscal year 2024, which is generally considered healthy.

What is Tredegar's debt-to-equity ratio?

Tredegar (TG) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tredegar's return on assets (ROA)?

Tredegar (TG) had a return on assets of -18.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Tredegar's Piotroski F-Score?

Tredegar (TG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tredegar's earnings high quality?

Tredegar (TG) has an earnings quality ratio of -0.40x, considered mixed 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.