# Silgan Holdings Inc. (SLGN)

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

**Price:** USD 39.76 (+2.05% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 38.96 · day 39.37–40.11 · 52w 33.7–49.55 · market cap $4.20B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.68B, net income $270M (4.0% margin), free cash flow $343M (SEC filings).
- Valuation: P/E 15.5x (avg 16.8x at the last 3 fiscal year-ends), net debt $4.50B.
- Analysts: Buy (mean 1.82 on a 1–5 scale) (11 analysts), mean target USD 51.09 (range 38–61).
- Total return with dividends: 1Y -9.1% vs S&P 500 +14.9%; 5Y +7.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.25, revenue estimate $2.10B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.68B | $6.41B | $5.99B | $5.85B | $6.48B | $6.68B |
| Gross profit | $918M | $1.05B | $993M | $1.01B | $1.15B | — |
| Net income | $359M | $341M | $326M | $276M | $288M | $270M |
| EPS (diluted) | $3.23 | $3.07 | $2.98 | $2.58 | $2.70 | — |
| Free cash flow | $325M | $533M | $256M | $459M | $423M | $343M |
| Gross margin | 16.2% | 16.3% | 16.6% | 17.3% | 17.7% | — |
| Net margin | 6.3% | 5.3% | 5.4% | 4.7% | 4.4% | 4.0% |
| Revenue growth | +15.3% | +12.9% | -6.6% | -2.2% | +10.7% | — |
| Cash + short-term investments | $631M | $586M | $643M | $823M | $1.08B | — |
| Total debt | $3.82B | $3.44B | $3.44B | $4.15B | $4.36B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.5x · P/S 0.6x · EV/Sales 1.3x · P/FCF 12.3x · P/B 1.8x · FCF yield 8.16% · Earnings yield 6.43% · Dividend yield (paid, TTM) 2.08% · Buyback yield (TTM) 1.81% · Net debt $4.50B · EV $8.70B
P/E at fiscal year-ends: Dec 2025 14.9x, Dec 2024 20.2x, Dec 2023 15.2x.

## Analysts
Consensus Buy (mean 1.82 on a 1–5 scale), 11 analysts; mean target USD 51.09 (low 38, high 61).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Overweight | $56 → $52 |
| 2026-10-13 | RBC Capital | Target lowered | Outperform | $58 → $47 |
| 2026-10-12 | Truist Securities | Target lowered | Buy | $52 → $45 |
| 2026-10-05 | UBS | Target lowered | Neutral | $47 → $38 |
| 2026-10-02 | Citigroup | Target lowered | Buy | $54 → $49 |
| 2026-08-13 | RBC Capital | Upgrade | Sector Perform → Outperform | $51 → $58 |
| 2026-07-30 | UBS | Target lowered | Neutral | $48 → $47 |
| 2026-07-17 | BMO Capital | Initiated | Outperform | $57 |
| 2026-07-14 | B of A Securities | Target raised | Buy | $53 → $58 |
| 2026-07-09 | RBC Capital | Target raised | Sector Perform | $49 → $51 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -9.1% | +7.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -9.1% | +1.5% |
| Volatility (annualized) | 34.7% | 28.1% |
| Max drawdown | -27.8% (Feb 2026→Sep 2026) | -37.2% (Nov 2024→Sep 2026) |

## Peers (Packaging & Containers)
GEF (Greif Inc.) USD 83.13 +1.50% · SON (Sonoco Products Company) USD 50.27 -1.35% · REYN (Reynolds Consumer Products Inc.) USD 23.61 +4.28% · AMBP (Ardagh Metal Packaging S.A.) USD 4.73 +3.05% · GPK (Graphic Packaging Holding Compa) USD 9.04 +7.75% · TRS (TriMas Corporation) USD 39.9 +0.18%

## More
Full page: https://nexqual.com/SLGN · 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 SLGN's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/849869/000162828026012202/slgn-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Procter & Gamble (PG) | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | CONAGRA BRANDS INC. (CAG) | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |
| Customer | GENERAL MILLS INC (GIS) | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |
| Customer | Mars | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |
| Customer | Beiersdorf | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | Coca-Cola (KO) | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | COTY INC. (COTY) | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | Mizkan Holdings | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | PepsiCo (PEP) | "Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America…" |
| Customer | Austria Pet Food | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |
| Customer | Eagle Family Foods Group | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |
| Customer | Goya Foods | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc., Hormel Foods Corpor…" |

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

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Metal Containers | $763.9M | 46.5% | +13.0% |
| Dispensing and Specialty Closures | $713.9M | 43.4% | +1.7% |
| Custom Containers | $165.5M | 10.1% | +2.8% |
| Total revenue | $1.64B | 100% | — |

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

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $1.14B | 69.2% | +9.2% |
| Europe and other | $505.9M | 30.8% | +1.6% |
| Total revenue | $1.64B | 100% | — |

## Company outlook (8-K filed 2026-07-29)

- "Outlook for 2026 The Company confirmed its estimate of adjusted net income per diluted share for the full year of 2026 in the range of $3.73 to $3.93, a 3% increase at the midpoint of the range over adjusted net income per diluted share of $3.72 in 2025."
- "Adjusted EBIT in 2026 is expected to be higher than 2025 levels in all segments."
- "Capital expenditures are expected to be approximately $310 million in 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.25 | $1.28 | -2.4% | $2.10B | 10 |
| Next quarter (ends 2026-12-31) | $0.80 | $0.79 | +1.4% | $1.55B | 10 |
| Current fiscal year (ends 2026-12-31) | $3.81 | $3.81 | -0.0% | $6.87B | 11 |
| Next fiscal year (ends 2027-12-31) | $4.05 | $4.10 | -1.2% | $7.00B | 10 |

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

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±8.6%; last 8 reports averaged ±8.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 38.1% | ±8.6% |
| 2026-12-18 | 56 | 31.9% | ±10.1% |
| 2027-02-19 | 119 | 40.7% | ±18.5% |
| 2027-05-21 | 210 | 37.6% | ±22.4% |