# Sonoco Products Company (SON)

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

**Price:** USD 50.27 (-1.35% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 50.96 · day 47.05–51.17 · 52w 38.65–60.67 · market cap $4.97B · NYQ

## Key facts
- Last four reported quarters (through Jun 28, 2026): revenue $7.46B, net income $628M (8.4% margin), free cash flow $355M (SEC filings).
- Valuation: P/E 7.9x (avg 15.2x at the last 3 fiscal year-ends), EV/EBITDA 5.9x, net debt $4.28B.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (10 analysts), mean target USD 58.75 (range 51–63).
- Total return with dividends: 1Y +26.6% vs S&P 500 +14.9%; 5Y +2.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 1.1, revenue estimate $1.78B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.72B | $5.86B | $5.44B | $5.31B | $7.52B | $7.46B |
| Gross profit | $1.06B | $1.23B | $1.20B | $1.14B | $1.57B | — |
| Operating income | $487M | $563M | $589M | $327M | $1.02B | $1.04B |
| Net income | -$85.5M | $466M | $475M | $164M | $1.00B | $628M |
| EPS (diluted) | -$0.86 | $4.72 | $4.80 | $1.65 | $10.07 | — |
| Free cash flow | $42.7M | $180M | $520M | $441M | $346M | $355M |
| Gross margin | 18.6% | 20.9% | 22.1% | 21.5% | 20.9% | — |
| Operating margin | 8.5% | 9.6% | 10.8% | 6.2% | 13.5% | 13.9% |
| Net margin | -1.5% | 8.0% | 8.7% | 3.1% | 13.3% | 8.4% |
| Revenue growth | +6.9% | +2.4% | -7.1% | -2.5% | +41.7% | — |
| Cash + short-term investments | $171M | $227M | $139M | $431M | $378M | — |
| Total debt | $1.61B | $3.22B | $3.04B | $7.04B | $4.33B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 28, 2026)
P/E 7.9x · P/S 0.7x · EV/EBITDA 5.9x · EV/Sales 1.2x · P/FCF 14.0x · P/B 1.4x · FCF yield 7.14% · Earnings yield 12.63% · Dividend yield (paid, TTM) 4.23% · Buyback yield (TTM) 0.15% · Net debt $4.28B · EV $9.26B
P/E at fiscal year-ends: Dec 2025 4.3x, Dec 2024 29.6x, Dec 2023 11.6x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 10 analysts; mean target USD 58.75 (low 51, high 63).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $56 → $53 |
| 2026-10-12 | Truist Securities | Target lowered | Buy | $68 → $62 |
| 2026-10-05 | UBS | Target lowered | Neutral | $61 → $51 |
| 2026-09-03 | B of A Securities | Downgrade | Buy → Neutral | $69 → $60 |
| 2026-07-24 | Truist Securities | Target raised | Buy | $64 → $68 |
| 2026-07-15 | Truist Securities | Target lowered | Buy | $65 → $64 |
| 2026-07-14 | B of A Securities | Target raised | Buy | $65 → $69 |
| 2026-07-09 | Citigroup | Target raised | Buy | $63 → $66 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +26.6% | +2.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +26.7% | +0.4% |
| Volatility (annualized) | 33.6% | 26.0% |
| Max drawdown | -20.4% (Jul 2026→Oct 2026) | -31.8% (May 2024→Oct 2025) |

## Peers (Packaging & Containers)
REYN (Reynolds Consumer Products Inc.) USD 23.61 +4.28% · GEF (Greif Inc.) USD 83.13 +1.50% · 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/SON · 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 SON's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/91767/000009176726000008/son-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Microsoft (MSFT) | "We have started to introduce certain AI capabilities via Microsoft CoPilot in our environment, and some of our business solution partners have also added AI capabilities to their tooling, but usage is still minimal." |

## Revenue by business segment (quarter ended 2026-06-28)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Consumer Packaging | $1.24B | 65.9% | +1.2% | $151.7M | 12.2% |
| Industrial Paper Packaging | $643.6M | 34.1% | +4.2% | $89.4M | 13.9% |
| Total revenue | $1.89B | 100% | — | $241.1M | 12.8% |

## Revenue by region (quarter ended 2026-06-28)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $878.0M | 46.6% | -4.5% |
| EMEA | $815.6M | 43.3% | -0.3% |
| Other | $96.8M | 5.1% | +14.3% |
| APAC | $70.7M | 3.7% | +16.6% |
| Canada | $24.4M | 1.3% | -12.0% |
| Total revenue | $1.89B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.10 | $1.17 | -6.4% | $1.78B | 5 |
| Next quarter (ends 2027-03-31) | $1.20 | $1.31 | -8.6% | $1.74B | 4 |
| Current fiscal year (ends 2026-12-31) | $5.51 | $5.82 | -5.3% | $7.39B | 5 |
| Next fiscal year (ends 2027-12-31) | $6.05 | $6.34 | -4.7% | $7.54B | 9 |

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

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 31.5% | ±7.2% |
| 2026-12-18 | 56 | 30.7% | ±9.6% |
| 2027-01-15 | 84 | 29.8% | ±11.4% |
| 2027-04-16 | 175 | 30.7% | ±16.8% |