# Reynolds Consumer Products Inc. (REYN)

> Source: Nexqual · https://nexqual.com/REYN · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Reynolds Consumer Products Inc. (REYN), nexqual.com/REYN" · informational, not investment advice.

**Price:** USD 23.05 (+0.30% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 22.98 · day 22.72–23.12 · 52w 20.44–27.32 · market cap $4.86B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.79B, net income $344M (9.1% margin), free cash flow $320M (SEC filings).
- Valuation: P/E 14.1x (avg 17.0x at the last 3 fiscal year-ends), net debt $1.46B.
- 1 of 80 tracked superinvestors hold REYN (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 26.29 (range 23–30).
- Total return with dividends: 1Y -4.0% vs S&P 500 +13.6%; 5Y +1.5% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.38, revenue estimate $939M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.56B | $3.82B | $3.76B | $3.69B | $3.72B | $3.79B |
| Gross profit | $811M | $776M | $942M | $978M | $914M | — |
| Net income | $324M | $258M | $298M | $352M | $301M | $344M |
| EPS (diluted) | $1.54 | $1.23 | $1.42 | $1.67 | $1.43 | — |
| Free cash flow | $169M | $91.0M | $540M | $369M | $316M | $320M |
| Gross margin | 22.8% | 20.3% | 25.1% | 26.5% | 24.6% | — |
| Net margin | 9.1% | 6.8% | 7.9% | 9.5% | 8.1% | 9.1% |
| Revenue growth | +9.0% | +7.3% | -1.6% | -1.6% | +0.7% | — |
| Cash + short-term investments | $164M | $38.0M | $115M | $137M | $147M | — |
| Total debt | $2.11B | $2.09B | $1.83B | $1.69B | $1.58B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 14.1x · P/S 1.3x · EV/Sales 1.7x · P/FCF 15.2x · P/B 2.1x · FCF yield 6.59% · Earnings yield 7.08% · Dividend yield (paid, TTM) 3.95% · Net debt $1.46B · EV $6.32B
P/E at fiscal year-ends: Dec 2025 16.0x, Dec 2024 16.1x, Dec 2023 18.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold REYN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.02% | $1.9M | Added +36.9% |

## Analysts
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 26.29 (low 23, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Barclays | Target lowered | Equal-Weight | $26 → $23 |
| 2026-07-30 | Canaccord Genuity | Target raised | Hold | $24 → $25 |
| 2026-07-21 | Barclays | Target raised | Equal-Weight | $24 → $25 |
| 2026-07-16 | JP Morgan | Target raised | Neutral | $23 → $27 |
| 2026-07-16 | UBS | Target raised | Neutral | $23 → $27 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -4.0% | +1.5% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -4.0% | +0.3% |
| Volatility (annualized) | 25.5% | 21.6% |
| Max drawdown | -20.0% (Jul 2026→Sep 2026) | -33.0% (Sep 2024→Jun 2025) |

## Peers (Packaging & Containers)
SON (Sonoco Products Company) USD 48.75 -1.12% · GEF (Greif Inc.) USD 82.45 -0.87% · SLGN (Silgan Holdings Inc.) USD 37.93 -1.48% · AMBP (Ardagh Metal Packaging S.A.) USD 4.5 -0.66% · GPK (Graphic Packaging Holding Compa) USD 8.54 -1.73% · CCK (Crown Holdings, Inc.) USD 116.25 -0.03%

## More
Full page: https://nexqual.com/REYN · 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)

Named in REYN's own 10-K filed 2026-02-04 (https://www.sec.gov/Archives/edgar/data/1786431/000162828026005284/reyn-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Packaging Finance | "Furthermore, we have entered into a stockholders agreement with PFL which, among other matters, provides PFL with the right to nominate a certain number of directors to our board of directors so long as the Hart Entities…" |
| Related party | Rank Group | "We have entered into various transactions with Rank Group Limited ("Rank") and other related parties that are members of PFL, including insurance participation in a broader affiliated program." |
| Related party | Pactiv Evergreen | "For the years ended December 31, 2025, 2024 and 2023, PEI Group as a related party charged us freight and warehousing costs of $4 million, $28 million and $37 million, respectively, which were included in cost of sales." |

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

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Reynolds Cooking & Kitchen Essentials | $314.0M | 33.3% | +6.4% |
| Hefty Waste & Clean-Up | $233.0M | 24.7% | -1.3% |
| Hefty Home & Tableware | $217.0M | 23.0% | -10.3% |
| Hefty Storage & Organization | $176.0M | 18.6% | +5.4% |
| Total revenue | $944.0M | 100% | — |

## Revenue by product line (quarter ended 2025-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Waste & Storage Products | $429.0M | 46.1% | +6.5% |
| Cooking Products | $308.0M | 33.1% | +4.8% |
| Tableware Products | $200.0M | 21.5% | -9.9% |
| Total revenue | $931.0M | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $3.63B | 97.6% | +0.8% |
| Non Us | $90.0M | 2.4% | -4.3% |
| Total revenue | $3.72B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 48% of revenue from unnamed direct customers (10-K, filed 2026-02-04).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.38 | $0.38 | +1.4% | $939.1M | 7 |
| Next quarter (ends 2026-12-31) | $0.53 | $0.54 | -1.7% | $1.04B | 7 |
| Current fiscal year (ends 2026-12-31) | $1.61 | $1.60 | +0.7% | $3.80B | 7 |
| Next fiscal year (ends 2027-12-31) | $1.71 | $1.67 | +2.7% | $3.87B | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±13.2%; last 8 reports averaged ±5.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 23 | 64.9% | ±13.2% |
| 2027-01-15 | 79 | 60.2% | ±21.7% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 29, 2026 | Quarter ended Jun 30, 2026 | $0.42 | $0.40 | Beat +5.0% | -2.1% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.28 | $0.24 | Beat +16.7% | +3.0% |
| Feb 4, 2026 | Quarter ended Dec 31, 2025 | $0.59 | $0.59 | In line | +4.5% |
| Oct 29, 2025 | Quarter ended Sep 30, 2025 | $0.42 | $0.39 | Beat +7.7% | +7.9% |
| Jul 30, 2025 | — | — | — | — | +4.3% |
| Apr 30, 2025 | — | — | — | — | -3.7% |
| Feb 5, 2025 | — | — | — | — | -10.8% |
| Oct 30, 2024 | — | — | — | — | -8.7% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-07-29 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1786431/000162828026050419/0001628280-26-050419-index.htm |
| 2026-07-29 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1786431/000162828026050381/0001628280-26-050381-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.