Sonoco Products Company
SON Consumer Cyclical Packaging & Containers
In the quarter to June 2026, revenue fell 1.31%, EPS fell 78.8%, free cash flow grew 138.9% and total debt fell 30.1%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Sonoco Products Company (SON) Altman Z-score
Sonoco Products Company's Altman Z-score for fiscal 2025 is 1.76, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.76 | 0.76 |
| FY2024 | 1.00 | (1.38) |
| FY2023 | 2.38 | 0.00 |
| FY2022 | 2.38 | (0.71) |
| FY2021 | 3.09 | 0.12 |
| FY2020 | 2.97 | (0.16) |
| FY2019 | 3.13 | (0.28) |
| FY2018 | 3.41 | 0.11 |
| FY2017 | 3.31 | (0.46) |
| FY2016 | 3.77 | 0.47 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.01 | |
| Retained earnings / total assets | 0.30 | — | 0.42 | |
| EBIT / total assets | 0.09 | — | 0.30 | |
| Market value of equity / total liabilities | 0.57 | — | 0.34 | |
| Sales / total assets | 0.67 | — | 0.67 | |
| Altman Z-score | Distress zone | 1.76 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.17 | ||
Z and Z″ put Sonoco Products Company in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AVY Avery Dennison Corporation compare | 3.6× |
| REYN Reynolds Consumer Products Inc. compare | 2.5× |
| CCK Crown Holdings, Inc. compare | 2.3× |
| GEF.B Greif Inc. compare | 2.1× |
| GEF Greif, Inc. compare | 2.1× |
| SLGN Silgan Holdings Inc. compare | 1.9× |
| SON Sonoco Products Company | 1.8× |
| GPK Graphic Packaging Holding Company compare | 1.5× |
| AMBP Ardagh Metal Packaging S.A. compare | 1.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets