Financials · GEF

Greif Inc. (GEF) financials

For fiscal 2024 (ended Oct 31, 2024), Greif Inc. reported $4.35B of revenue and $268.80M of net income.

Revenue, FY2024
$4.35B
Revenue growth, YoY
+4.3%
Net income, FY2024
$268.80M
Net income growth, YoY
-25.2%
Net margin
6.2%
Cash
$286.10M
Total debt
$713.70M
P/E
12.60
P/S
0.78
Market cap
$3.39B
Annual revenue$4.35B
FY2015FY2024
Annual net income$268.80M
FY2015FY2024
Annual free cash flow$232.70M
FY2015FY2019

GEF revenue and earnings growth

GEF revenueQ2 2026$1.07B

Quarter YoY
-0.5%
QoQ
+7.8%
FY YoY
+4.3%
5Y CAGR
-1.1%
10Y CAGR
+0.3%

GEF revenue was $1.07B in fiscal Q2 2026 (ended Mar 31, 2026), down 0.5% from a year earlier and up 7.8% from the prior quarter. For the full fiscal 2024 it was $4.35B, up 4.3% from fiscal 2023. Compound annual growth was -1.1% over 5 years and +0.3% over 10 years. It rose in 6 of the last 10 fiscal years.

GEF net incomeQ2 2026$12.60M

Quarter YoY
-68.4%
QoQ
-92.8%
FY YoY
-25.2%
5Y CAGR
+9.5%
10Y CAGR
+11.4%

GEF net income was $12.60M in fiscal Q2 2026 (ended Mar 31, 2026), down 68.4% from a year earlier and down 92.8% from the prior quarter. For the full fiscal 2024 it was $268.80M, down 25.2% from fiscal 2023. Compound annual growth was +9.5% over 5 years and +11.4% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Oct 31, 2024
Oct 31, 2023
Oct 31, 2022
Oct 31, 2021
Oct 31, 2020
Oct 31, 2019
Oct 31, 2018
Oct 31, 2017
Oct 31, 2016
Oct 31, 2015
Revenue$4.35B$4.18B$6.35B$5.56B$4.51B$4.59B$3.87B$3.64B$3.32B$3.62B
Cost of revenue$3.46B$3.25B$5.06B$4.46B$3.60B$3.64B$3.08B$2.92B$2.64B$2.95B
Gross profit$899.10M$928.60M$1.29B$1.09B$914.70M$959.90M$788.90M$714.70M$684.90M$669.80M
Selling, general and admin$589.90M$510.30M$581.00M$565.90M$516.00M$507.40M$397.20M$379.70M$376.80M$413.20M
Operating income$337.80M$426.80M$621.20M$585.20M$304.90M$399.10M$370.50M$299.50M$225.60M$192.80M
Pre-tax income$281.70M$396.40M$525.70M$478.60M$186.10M$262.00M$299.80M$200.30M$141.20M$114.80M
Income tax$22.20M$98.10M$137.10M$69.60M$63.30M$70.70M$73.30M$67.20M$66.50M$48.40M
Net income$268.80M$359.20M$376.70M$390.70M$108.80M$171.00M$209.40M$118.60M$74.90M$71.90M

Balance sheet

Balance sheet
Line item
Oct 31, 2024
Oct 31, 2023
Oct 31, 2022
Oct 31, 2021
Oct 31, 2020
Oct 31, 2019
Oct 31, 2018
Oct 31, 2017
Oct 31, 2016
Oct 31, 2015
Cash and equivalents$197.70M$180.90M$147.10M$124.60M$105.90M$77.30M$94.20M$142.30M$103.70M$106.20M
Receivables$638.70M$659.40M$749.10M$889.50M$636.60M$664.20M$456.70M$447.00M$399.20M$403.70M
Inventory--------$277.40M$297.00M
Current assets$1.55B$1.37B$1.50B$1.66B$1.30B$1.25B$976.70M$994.50M$912.30M$1.01B
Goodwill$1.66B$1.39B$1.46B$1.52B$1.52B$1.52B$776.00M$785.40M$786.40M$807.10M
Total assets$6.65B$5.96B$5.47B$5.82B$5.51B$5.43B$3.19B$3.23B$3.15B$3.32B
Current liabilities$1.01B$939.30M$1.05B$1.31B$1.00B$825.40M$670.20M$687.90M$659.20M$647.00M
Short-term debt$95.80M$88.30M$71.10M$120.30M$123.10M$83.70M$18.80M$15.00M$0$30.70M
Long-term debt$2.63B$2.12B$1.84B$2.05B$2.34B$2.66B$884.10M$937.80M$974.60M$1.12B
Total debt$2.72B$2.21B$1.91B$2.18B$2.46B$2.74B$902.90M$952.80M$974.60M$1.15B
Total liabilities$4.53B$3.97B$3.68B$4.24B$4.31B$4.24B$2.04B$2.18B$2.20B$2.26B
Shareholders' equity$2.08B$1.99B$1.79B$1.58B$1.20B$1.19B$1.15B$1.05B$957.90M$1.06B

Cash flow

Cash flow
Line item
Oct 31, 2024
Oct 31, 2023
Oct 31, 2022
Oct 31, 2021
Oct 31, 2020
Oct 31, 2019
Oct 31, 2018
Oct 31, 2017
Oct 31, 2016
Oct 31, 2015
Operating cash flow$356.00M$649.50M$657.50M$396.00M$454.70M$389.50M$253.00M$305.00M$301.00M$206.30M
Capital expenditures-----$156.80M$140.20M$96.80M$100.10M$135.80M
Free cash flow-----$232.70M$112.80M$208.20M$200.90M$70.50M
Investing cash flow-$658.30M-$670.20M-$28.20M$46.80M-$25.20M-$1.99B-$135.20M-$90.40M-$25.10M-$146.50M
Financing cash flow$324.30M$69.70M-$531.00M-$422.90M-$405.30M$1.58B-$158.30M-$175.60M-$272.80M-$20.10M
Dividends paid$121.00M$116.50M$111.30M$105.80M$104.30M$104.00M$100.00M$98.60M$98.70M$98.70M
Share repurchases$0$63.90M$71.10M$0$0-$0$0$5.20M$0
Depreciation and amortization$261.30M$230.60M$216.60M$234.40M$242.50M$206.10M$126.90M$120.50M$127.70M$134.60M

Key ratios

Key ratios
Line item
Oct 31, 2024
Oct 31, 2023
Oct 31, 2022
Oct 31, 2021
Oct 31, 2020
Oct 31, 2019
Oct 31, 2018
Oct 31, 2017
Oct 31, 2016
Oct 31, 2015
Revenue growth, YoY4.3%-34.2%14.3%23.1%-1.7%18.6%6.5%9.5%-8.1%-14.7%
Net income growth, YoY-25.2%-4.6%-3.6%259.1%-36.4%-18.3%76.6%58.3%4.2%-21.4%
Gross margin20.6%22.2%20.2%19.7%20.3%20.9%20.4%19.6%20.6%18.5%
Operating margin7.8%10.2%9.8%10.5%6.8%8.7%9.6%8.2%6.8%5.3%
Net margin6.2%8.6%5.9%7.0%2.4%3.7%5.4%3.3%2.3%2.0%
Free cash flow margin-----5.1%2.9%5.7%6.0%1.9%
Return on equity12.9%18.1%21.0%24.8%9.1%14.4%18.1%11.3%7.8%6.8%
Return on assets4.0%6.0%6.9%6.7%2.0%3.2%6.6%3.7%2.4%2.2%
Current ratio1.531.461.431.271.301.511.461.451.381.56
Debt to equity1.311.111.061.382.052.300.780.911.021.08

Source: XBRL data Greif Inc. files with the SEC, latest filing dated Apr 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GEF FAQ

7 questions
  • What is GEF revenue?
    Greif Inc. (GEF) reported $4.35B of revenue for fiscal 2024 (ended Oct 31, 2024). That is up 4.3% from the year before.
  • Is GEF profitable?
    Yes. Greif Inc. earned $268.80M in net income for fiscal 2024 (ended Oct 31, 2024), a net margin of 6.2%.
  • How much cash and debt does GEF have?
    Greif Inc. reported $286.10M in cash and cash equivalents and $713.70M of debt on its most recent balance sheet in SEC filings.
  • How fast is GEF revenue growing?
    Greif Inc.'s revenue changed +4.3% in fiscal 2024, to $4.35B. Its compound annual growth rate was -1.1% over 5 years and +0.3% over 10 years.
  • What is GEF gross margin?
    Greif Inc.'s gross profit was $899.10M on $4.35B of revenue for fiscal 2024 (ended Oct 31, 2024), a gross margin of 20.6%.
  • When did GEF last report financial results?
    The latest statements here come from Greif Inc.'s 10-Q filed on Apr 29, 2026, covering the period ended Mar 31, 2026.
  • Where does this GEF financial data come from?
    Quantisnow builds these statements from the structured XBRL data Greif Inc. files with the SEC. It is provided for information only and is not investment advice.