# Greif, Inc. (GEF)

> Source: Nexqual · https://nexqual.com/GEF · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Greif, Inc. (GEF), nexqual.com/GEF" · informational, not investment advice.

**Price:** USD 83.13 (+1.50% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 81.9 · day 80.94–83.67 · 52w 55.75–90.57 · market cap $4.73B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.37B, net income $329M (7.5% margin) (SEC filings).
- Valuation: P/E 14.4x, EV/EBITDA 7.2x, net debt $411M.
- Insider open-market sales, last ~7 months: 15 Form 4 filings, $9.5M; 8 not under a Rule 10b5-1 plan ($8.5M); 9 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.80 on a 1–5 scale) (5 analysts), mean target USD 87.6 (range 75–100).
- Total return with dividends: 1Y +41.9% vs S&P 500 +14.9%; 5Y +52.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.17, revenue estimate $1.11B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.51B | $5.56B | $6.35B | $4.18B | $4.35B | $4.37B |
| Gross profit | $915M | $1.09B | $1.29B | $929M | $899M | — |
| Operating income | $305M | $585M | $621M | $427M | $338M | $473M |
| Net income | $109M | $391M | $377M | $359M | $269M | $329M |
| Gross margin | 20.3% | 19.7% | 20.2% | 22.2% | 20.6% | — |
| Operating margin | 6.8% | 10.5% | 9.8% | 10.2% | 7.8% | 10.8% |
| Net margin | 2.4% | 7.0% | 5.9% | 8.6% | 6.2% | 7.5% |
| Revenue growth | -1.7% | +23.1% | +14.3% | -34.2% | +4.3% | — |
| Cash + short-term investments | $106M | $125M | $147M | $181M | $198M | — |
| Total debt | $2.47B | $2.19B | $1.92B | $2.22B | $2.73B | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 14.4x · P/S 1.1x · EV/EBITDA 7.2x · EV/Sales 1.2x · P/B 1.6x · Earnings yield 6.96% · Dividend yield (paid, TTM) 2.72% · Net debt $411M · EV $5.14B

## Insider sales (SEC Form 4, open-market, last ~7 months)
7 of 15 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $164K | 3.6% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-10 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $166K | 3.5% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-24 | Sathyanarayanan Bala | EVP, Chief Human Resources Off | 1,000 | $110K | 11.7% | No | Too little history (no open-market trades in 2024) |
| 2026-08-10 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $174K | 3.4% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-06…2026-08-07 | Hilsheimer Lawrence A. | EVP and CFO | 41,754 | $3.7M | 60.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-07 | Sathyanarayanan Bala | EVP, Chief Human Resources Off | 1,146 | $102K | 5.1% | No | Too little history (no open-market trades in 2024) |
| 2026-08-03 | Leahy Matthew B. | SVP SBU GM Innovative Closure | 983 | $85K | 35.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Benner Gaylord | SVP SBGM Sust. Fiber Solutions | 2,653 | $230K | 30.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Bergwall Timothy | SVP, Chief Commercial Officer | 6,000 | $512K | 9.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-03 | Emkes Mark A | Director | 3,000 | $261K | 6.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-03 | Rosgaard Ole G | President and CEO | 40,087 | $3.5M | 30.4% | No | Too little history (no open-market trades in 2023) |
| 2026-07-10 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $146K | 3% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-10 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $131K | 2.9% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-11 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $135K | 2.8% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-10 | Bergwall Timothy | SVP, Chief Commercial Officer | 2,000 | $141K | 2.7% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.80 on a 1–5 scale), 5 analysts; mean target USD 87.6 (low 75, high 100).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $90 → $88 |
| 2026-10-16 | Raymond James | Upgrade | Market Perform → Outperform | $90 |
| 2026-10-12 | Truist Securities | Target lowered | Hold | $97 → $94 |
| 2026-08-04 | Truist Securities | Target raised | Hold | $78 → $97 |
| 2026-07-30 | Wells Fargo | Target raised | Equal-Weight | $74 → $90 |
| 2026-07-15 | Wells Fargo | Target raised | Equal-Weight | $70 → $74 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +41.9% | +52.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +42.1% | +8.8% |
| Volatility (annualized) | 24.6% | 27.8% |
| Max drawdown | -19.5% (Feb 2026→May 2026) | -27.3% (Jul 2023→Apr 2025) |

## Peers (Packaging & Containers)
SON (Sonoco Products Company) USD 50.27 -1.35% · REYN (Reynolds Consumer Products Inc.) USD 23.61 +4.28% · SLGN (Silgan Holdings Inc.) USD 39.76 +2.05% · AMBP (Ardagh Metal Packaging S.A.) USD 4.73 +3.05% · GPK (Graphic Packaging Holding Compa) USD 9.04 +7.75% · CCK (Crown Holdings, Inc.) USD 119.26 +2.62%

## More
Full page: https://nexqual.com/GEF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name GEF in their own reports (relationship from GEF's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | PACKAGING CORP OF AMERICA (PKG) | 10-K 2026-02-26 | "In connection with the September 2025 Greif Acquisition, the Company recorded intangible assets of $420.0 million for customer relationships and $40.0 million for trademarks." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Durable Metal Solutions | $405.6M | 34.8% | +3.4% | $52.7M | 13.0% |
| Customized Polymer Solutions | $383.8M | 32.9% | +13.6% | $32.8M | 8.5% |
| Sustainable Fiber Solutions | $346.5M | 29.7% | -6.5% | $13.9M | 4.0% |
| Innovative Closure Solutions | $29.7M | 2.5% | +18.8% | $8.5M | 28.6% |
| Total revenue | $1.17B | 100% | — | $107.9M | 9.3% |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| UNITED STATES | $574.6M | 49.3% | -0.9% |
| Europe, Middle East and Africa | $411.5M | 35.3% | +8.4% |
| Asia Pacific and Other Americas | $179.5M | 15.4% | +7.7% |
| Total revenue | $1.17B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.17 | $1.14 | +3.1% | $1.11B | 5 |
| Next quarter (ends 2026-12-31) | $0.76 | $0.77 | -0.3% | $1.03B | 5 |
| Current fiscal year (ends 2026-09-30) | $4.35 | $3.81 | +14.2% | $4.34B | 5 |
| Next fiscal year (ends 2027-09-30) | $4.85 | $4.51 | +7.7% | $4.46B | 5 |