Berry Global Group (BERY) Financials

$67.68 -1.94 (-2.78%)

Closing price 04/29/2025

Extended Trading

$67.68 0.00 (0.00%)

As of 04/29/2025 07:57 PM Eastern

Annual Income Statements for Berry Global Group

This table shows Berry Global Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/26/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Net Income / (Loss) Attributable to Common Shareholders	86	236	340	496	404	559	733	766	609	516
Consolidated Net Income / (Loss)	86	236	340	496	404	559	733	766	609	516
Net Income / (Loss) Continuing Operations	86	236	340	496	404	559	733	766	609	516
Total Pre-Tax Income	122	308	449	477	490	713	905	934	742	611
Total Operating Income	408	581	732	761	974	1,179	1,292	1,242	1,079	937
Total Gross Profit	869	1,287	1,404	1,431	1,619	2,408	2,498	2,372	2,310	2,253
Total Revenue	4,881	6,489	7,095	7,869	8,878	11,709	13,850	14,495	12,664	12,258
Operating Revenue	4,881	6,489	7,095	7,869	8,878	11,709	13,850	14,495	12,664	12,258
Total Cost of Revenue	4,012	5,202	5,691	6,438	7,259	9,301	11,352	12,123	10,354	10,005
Operating Cost of Revenue	4,012	5,202	5,691	6,438	7,259	9,301	11,352	12,123	10,354	10,005
Total Operating Expenses	461	706	672	670	645	1,229	1,206	1,130	1,231	1,316
Selling, General & Admin Expense	357	531	494	480	583	850	867	850	886	892
Amortization Expense	91	143	154	154	194	300	288	257	243	234
Restructuring Charge	13	32	-	36	-132	79	51	23	102	190
Total Other Income / (Expense), net	-286	-273	-283	-284	-484	-466	-387	-308	-337	-326
Interest Expense	94	-	-	-	-	-	-	0.00	0.00	0.00
Interest & Investment Income	-191	-291	-269	-259	-329	-435	-336	-286	-306	-311
Other Income / (Expense), net	-1.00	18	-14	-25	-155	-31	-51	-22	-31	-15
Income Tax Expense	36	72	109	-19	86	154	172	168	133	95
Basic Earnings per Share	$0.72	$1.95	$2.66	$3.77	$3.08	$4.22	$5.45	$5.87	$5.07	$4.48
Weighted Average Basic Shares Outstanding	119.10M	120.80M	127.60M	131.40M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M
Diluted Earnings per Share	$0.70	$1.89	$2.56	$3.67	$3.00	$4.14	$5.30	$5.77	$4.95	$4.38
Weighted Average Diluted Shares Outstanding	119.10M	120.80M	127.60M	131.40M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M
Weighted Average Basic & Diluted Shares Outstanding	119.10M	120.80M	127.60M	131.40M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M

This table shows Berry Global Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	233	106	174	143	186	59	116	193	148	14	193
Consolidated Net Income / (Loss)	233	106	174	143	186	59	116	193	148	14	193
Net Income / (Loss) Continuing Operations	233	106	174	143	186	65	116	193	148	81	196
Total Pre-Tax Income	253	138	221	178	205	79	131	231	176	99	306
Total Operating Income	336	210	301	267	301	165	208	303	269	152	391
Total Gross Profit	595	518	606	580	606	430	567	601	611	456	502
Total Revenue	3,421	3,060	3,288	3,229	3,087	2,333	3,076	3,161	3,168	2,385	2,520
Operating Revenue	3,421	3,060	3,288	3,229	3,087	2,333	3,076	3,161	3,168	2,385	2,520
Total Cost of Revenue	2,826	2,542	2,682	2,649	2,481	1,903	2,509	2,560	2,557	1,929	2,018
Operating Cost of Revenue	2,826	2,542	2,682	2,649	2,481	1,903	2,509	2,560	2,557	1,929	2,018
Total Operating Expenses	259	308	305	313	305	265	359	298	342	304	111
Selling, General & Admin Expense	193	236	220	215	215	206	213	216	228	223	200
Amortization Expense	61	60	60	61	62	47	59	58	57	46	44
Restructuring Charge	5.00	12	25	37	28	12	87	24	57	35	-133
Total Other Income / (Expense), net	-83	-72	-80	-89	-96	-86	-77	-72	-93	-53	-85
Interest Expense	-	-	-	-	-	-	-	-	-	-	73
Other Income / (Expense), net	-9.00	-1.00	-1.00	-11	-18	-15	-1.00	5.00	-7.00	22	-12
Income Tax Expense	20	32	47	35	19	14	15	38	28	18	110
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-6.00	-	-	-	-67	-3.00
Basic Earnings per Share	$1.84	$0.86	$1.44	$1.20	$1.57	$0.51	$1.00	$1.69	$1.28	$0.12	$1.66
Weighted Average Basic Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M
Diluted Earnings per Share	$1.82	$0.85	$1.42	$1.18	$1.50	$0.50	$0.98	$1.65	$1.25	$0.12	$1.62
Weighted Average Diluted Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M
Weighted Average Basic & Diluted Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M

This table details how cash moves in and out of Berry Global Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/26/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Net Change in Cash & Equivalents	99	95	-17	75	369	0.00	341	319	-207	-108
Net Cash From Operating Activities	637	857	975	1,004	1,201	1,530	1,580	1,563	1,615	1,405
Net Cash From Continuing Operating Activities	637	857	975	1,004	1,201	1,530	1,580	1,563	1,615	1,405
Net Income / (Loss) Continuing Operations	86	236	340	496	404	559	733	766	609	516
Consolidated Net Income / (Loss)	86	236	340	496	404	559	733	766	609	516
Depreciation Expense	259	382	367	384	419	545	566	562	575	623
Amortization Expense	97	152	163	158	195	327	320	263	182	155
Non-Cash Adjustments To Reconcile Net Income	117	11	45	69	7.00	75	89	17	64	125
Changes in Operating Assets and Liabilities, net	78	76	60	-103	176	24	-128	-45	185	-14
Net Cash From Investing Activities	-165	-2,579	-774	-1,035	-6,251	-316	-511	-483	-776	-572
Net Cash From Continuing Investing Activities	-165	-2,579	-774	-1,035	-6,251	-316	-511	-483	-776	-572
Purchase of Property, Plant & Equipment	-180	-288	-269	-333	-399	-583	-676	-687	-689	-551
Acquisitions	-3.00	-2,283	-515	-702	-6,178	-14	0.00	0.00	-87	-68
Divestitures	-	-	0.00	0.00	326	0.00	165	128	0.00	47
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	281	0.00	76	0.00	0.00
Net Cash From Financing Activities	-365	1,817	-226	113	5,426	-1,220	-741	-704	-1,071	-966
Net Cash From Continuing Financing Activities	-365	1,817	-226	113	5,426	-1,220	-741	-704	-1,071	-966
Repayment of Debt	-1,037	-564	-641	-338	-1,301	-2,452	-3,517	-22	-875	-3,905
Repurchase of Common Equity	-	0.00	0.00	-33	-74	0.00	0.00	-709	-601	-120
Payment of Dividends	0.00	-78	-	-	-	-	0.00	0.00	-127	-139
Issuance of Debt	693	2,490	495	498	6,784	1,202	2,716	0.00	496	3,150
Issuance of Common Equity	18	26	31	23	55	30	60	27	36	48
Effect of Exchange Rate Changes	-8.00	0.00	8.00	-7.00	-7.00	6.00	-	-57	25	25

This table details how cash moves in and out of Berry Global Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Change in Cash & Equivalents	883	-693	-21	-63	570	-696	-13	15	586	86	-698
Net Cash From Operating Activities	1,218	-233	401	322	1,125	-199	199	297	1,108	-478	157
Net Cash From Continuing Operating Activities	1,218	-233	401	322	1,125	-168	199	297	1,108	-372	160
Net Income / (Loss) Continuing Operations	233	106	174	143	186	65	116	193	148	81	196
Consolidated Net Income / (Loss)	233	106	174	143	186	59	116	193	148	14	193
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-6.00	-	-	-	-67	-3.00
Depreciation Expense	138	139	140	146	150	123	155	154	160	124	126
Amortization Expense	56	47	46	43	46	27	37	38	39	34	31
Non-Cash Adjustments To Reconcile Net Income	-84	20	18	-78	104	32	24	53	16	-2.00	-159
Changes in Operating Assets and Liabilities, net	875	-545	23	68	639	-415	-133	-141	745	-609	-34
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-31	-	-	-	-106	-3.00
Net Cash From Investing Activities	-58	-211	-262	-175	-128	-183	-103	-208	-78	-191	320
Net Cash From Continuing Investing Activities	-58	-211	-262	-175	-128	-168	-103	-208	-78	-182	320
Purchase of Property, Plant & Equipment	-131	-211	-174	-175	-129	-168	-150	-140	-78	-134	-123
Net Cash From Financing Activities	-245	-278	-174	-214	-405	-342	-94	-65	-465	799	-1,190
Net Cash From Continuing Financing Activities	-245	-278	-174	-214	-405	-342	-94	-65	-465	799	-1,190
Repayment of Debt	-6.00	-84	-488	-108	-195	-1,862	-790	-811	-442	-145	-1,180
Payment of Dividends	-	-33	-32	-32	-30	-36	-34	-34	-35	-36	-44
Issuance of Common Equity	3.00	5.00	13	8.00	10	13	11	9.00	15	19	34
Effect of Exchange Rate Changes	-32	29	14	4.00	-22	28	-15	-9.00	21	-44	15

This table presents Berry Global Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/26/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Total Assets	5,028	7,653	8,476	9,131	16,469	16,701	17,882	16,956	16,587	16,613
Total Current Assets	1,383	1,792	2,004	2,285	3,757	3,817	5,094	5,164	4,533	4,574
Cash & Equivalents	228	323	306	381	750	750	1,091	1,410	1,203	865
Accounts Receivable	434	704	847	941	1,526	1,469	1,879	1,777	1,568	1,269
Inventories, net	522	660	762	-	1,324	-	1,907	1,802	1,557	1,371
Prepaid Expenses	37	105	89	76	157	330	217	175	205	184
Other Current Assets	-	-	-	887	0.00	1,268	-	-	-	0.00
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	885
Plant, Property, & Equipment, net	1,294	2,224	2,366	2,488	4,714	4,561	4,677	4,342	4,576	3,627
Total Noncurrent Assets	2,351	3,637	4,106	4,358	7,998	8,323	8,111	7,450	7,478	8,412
Goodwill	2,349	3,606	4,061	4,284	7,831	7,670	7,434	6,685	6,684	5,588
Other Noncurrent Operating Assets	2.00	31	45	74	167	653	677	765	794	774
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	2,050
Total Liabilities & Shareholders' Equity	5,028	7,653	8,476	9,131	16,469	16,701	17,882	16,956	16,587	16,613
Total Liabilities	5,081	7,432	7,461	7,697	14,851	14,609	14,702	13,760	13,371	13,005
Total Current Liabilities	705	1,031	1,134	1,237	2,039	2,183	3,186	2,844	2,713	3,672
Short-Term Debt	37	43	33	38	104	75	21	13	10	810
Accounts Payable	330	539	638	783	1,159	1,115	2,041	1,795	1,528	1,471
Current Employee Benefit Liabilities	-	-	-	113	214	324	336	253	273	267
Other Current Liabilities	-	-	-	303	562	669	788	783	902	713
Other Current Nonoperating Liabilities	-	-	-	-	0.00	-	-	-	-	411
Total Noncurrent Liabilities	4,376	6,401	6,327	6,460	12,812	12,426	11,516	10,916	10,658	9,333
Long-Term Debt	3,648	5,712	5,608	5,806	11,261	10,162	9,439	9,242	8,970	7,505
Noncurrent Deferred & Payable Income Tax Liabilities	387	272	419	365	803	601	568	707	573	457
Noncurrent Employee Benefit Liabilities	-	-	-	45	327	368	276	160	193	152
Other Noncurrent Operating Liabilities	341	417	300	244	421	1,295	1,233	807	922	1,074
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	145
Total Equity & Noncontrolling Interests	-65	221	1,015	1,434	1,618	2,092	3,180	3,196	3,216	3,608
Total Preferred & Common Equity	-68	218	1,012	1,434	1,618	2,092	3,180	3,196	3,216	3,608
Total Common Equity	-68	218	1,012	1,434	1,618	2,092	3,180	3,196	3,216	3,608
Common Stock	407	450	824	871	950	1,035	1,135	1,178	1,232	1,322
Retained Earnings	-356	-84	256	719	1,054	1,608	2,341	2,421	2,320	2,581
Accumulated Other Comprehensive Income / (Loss)	-119	-148	-68	-156	-386	-551	-296	-403	-336	-295

This table presents Berry Global Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	7/2/2022	12/31/2022	4/1/2023	7/1/2023	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025
Total Assets	16,885	16,451	16,613	16,549	16,144	15,981	15,988	13,577	12,882
Total Current Assets	4,716	4,469	4,531	4,340	3,950	4,064	4,136	4,099	3,313
Cash & Equivalents	527	717	696	633	507	494	509	1,181	483
Accounts Receivable	1,974	1,617	1,751	1,748	1,497	1,590	1,630	1,089	1,284
Inventories, net	1,978	1,901	1,864	1,730	1,689	1,694	1,679	1,328	1,374
Prepaid Expenses	237	234	220	229	257	286	318	210	172
Other Current Nonoperating Assets	-	-	-	-	-	-	-	0.00	0.00
Plant, Property, & Equipment, net	4,560	4,523	4,612	4,651	4,662	4,576	4,558	3,483	3,534
Total Noncurrent Assets	7,609	7,459	7,470	7,558	7,532	7,341	7,294	5,995	6,035
Goodwill	6,942	6,816	6,866	6,830	6,758	6,589	6,558	5,307	5,350
Other Noncurrent Operating Assets	667	643	604	728	774	752	736	688	685
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	0.00	0.00
Total Liabilities & Shareholders' Equity	16,885	16,451	16,613	16,549	16,144	15,981	15,988	13,577	12,882
Total Liabilities	13,776	13,192	13,318	13,162	12,816	12,687	12,617	11,371	10,406
Total Current Liabilities	2,630	2,255	2,320	2,325	2,370	2,341	2,268	2,549	3,624
Short-Term Debt	15	12	12	12	25	24	23	740	1,535
Accounts Payable	1,518	1,208	1,350	1,159	1,131	1,332	1,242	845	1,080
Current Employee Benefit Liabilities	260	231	243	245	243	224	234	175	190
Other Current Liabilities	837	804	715	909	971	761	769	751	819
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	38	0.00
Total Noncurrent Liabilities	11,146	10,937	10,998	10,837	10,446	10,346	10,349	8,822	6,782
Long-Term Debt	9,488	9,260	9,295	9,200	8,703	8,690	8,676	7,389	5,444
Noncurrent Deferred & Payable Income Tax Liabilities	606	616	575	552	492	495	453	411	252
Noncurrent Employee Benefit Liabilities	223	166	162	157	202	193	186	136	135
Other Noncurrent Operating Liabilities	829	895	966	928	1,049	968	1,034	886	951
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	3,109	3,259	3,295	3,387	3,328	3,294	3,371	2,206	2,476
Total Preferred & Common Equity	3,109	3,259	3,295	3,387	3,328	3,294	3,371	2,206	2,476
Total Common Equity	3,109	3,259	3,295	3,387	3,328	3,294	3,371	2,206	2,476
Common Stock	1,172	1,200	1,215	1,223	1,266	1,280	1,295	1,361	1,404
Retained Earnings	2,258	2,322	2,314	2,344	2,336	2,340	2,471	1,120	1,269
Accumulated Other Comprehensive Income / (Loss)	-321	-263	-234	-180	-274	-326	-395	-275	-197

This table displays calculated financial ratios and metrics derived from Berry Global Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/26/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.55%	32.94%	9.34%	10.91%	12.82%	31.89%	18.29%	4.66%	-12.63%	-3.21%
EBITDA Growth	12.04%	48.49%	10.15%	2.40%	12.13%	40.96%	5.30%	-3.86%	-11.74%	-5.82%
EBIT Growth	26.01%	47.17%	19.87%	2.51%	11.28%	40.17%	8.10%	-1.69%	-14.10%	-12.02%
NOPAT Growth	-3.21%	54.79%	24.51%	42.76%	1.48%	15.10%	13.21%	-2.66%	-13.06%	-10.65%
Net Income Growth	38.71%	174.42%	44.07%	45.88%	-18.55%	38.37%	31.13%	4.50%	-20.50%	-15.27%
EPS Growth	37.25%	170.00%	35.45%	43.36%	-18.26%	38.00%	28.02%	8.87%	-14.21%	-11.52%
Operating Cash Flow Growth	20.19%	34.54%	13.77%	2.97%	19.62%	27.39%	3.27%	-1.08%	3.33%	-13.00%
Free Cash Flow Firm Growth	138.32%	-424.66%	92.09%	271.21%	-1,955.39%	134.82%	-31.80%	41.82%	-38.84%	2.43%
Invested Capital Growth	-7.30%	66.07%	12.33%	8.61%	77.37%	-5.35%	-0.26%	-4.40%	-0.43%	-1.50%
Revenue Q/Q Growth	-2.28%	6.96%	3.85%	2.25%	12.20%	-0.09%	5.01%	-1.68%	-2.57%	0.67%
EBITDA Q/Q Growth	1.19%	8.32%	4.70%	-1.46%	26.26%	-3.95%	-0.61%	-0.29%	-2.27%	-1.05%
EBIT Q/Q Growth	3.30%	7.93%	7.65%	-2.26%	35.82%	-6.36%	-1.43%	1.75%	-4.03%	-2.23%
NOPAT Q/Q Growth	4.13%	17.74%	4.27%	7.45%	14.45%	-3.66%	1.91%	-0.22%	-4.26%	-5.66%
Net Income Q/Q Growth	28.36%	14.01%	10.75%	4.86%	31.17%	-5.73%	4.71%	0.66%	-7.16%	-6.86%
EPS Q/Q Growth	0.00%	14.55%	8.47%	4.86%	29.87%	-5.91%	3.72%	3.59%	-6.07%	-5.40%
Operating Cash Flow Q/Q Growth	15.40%	5.54%	12.07%	5.57%	17.86%	-4.91%	8.00%	54.29%	-5.45%	-1.20%
Free Cash Flow Firm Q/Q Growth	11.97%	2.96%	-15.66%	-13.19%	-639.21%	139.62%	18.71%	96.02%	-10.58%	-23.11%
Invested Capital Q/Q Growth	-4.70%	-2.69%	-1.76%	-0.32%	80.43%	-1.23%	-2.48%	-8.64%	-8.13%	-6.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.80%	19.83%	19.79%	18.19%	18.24%	20.57%	18.04%	16.36%	18.24%	18.38%
EBITDA Margin	15.63%	17.46%	17.59%	16.24%	16.14%	17.25%	15.36%	14.11%	14.25%	13.87%
Operating Margin	8.36%	8.95%	10.32%	9.67%	10.97%	10.07%	9.33%	8.57%	8.52%	7.64%
EBIT Margin	8.34%	9.23%	10.12%	9.35%	9.23%	9.80%	8.96%	8.42%	8.28%	7.52%
Profit (Net Income) Margin	1.76%	3.64%	4.79%	6.30%	4.55%	4.77%	5.29%	5.28%	4.81%	4.21%
Tax Burden Percent	70.49%	76.62%	75.72%	103.98%	82.45%	78.40%	80.99%	82.01%	82.08%	84.45%
Interest Burden Percent	29.98%	51.42%	62.53%	64.81%	59.83%	62.11%	72.93%	76.56%	70.80%	66.27%
Effective Tax Rate	29.51%	23.38%	24.28%	-3.98%	17.55%	21.60%	19.01%	17.99%	17.92%	15.55%
Return on Invested Capital (ROIC)	8.13%	9.83%	9.24%	11.95%	8.40%	7.76%	9.05%	9.02%	8.04%	7.25%
ROIC Less NNEP Spread (ROIC-NNEP)	2.55%	5.12%	5.26%	6.48%	3.43%	4.13%	5.54%	5.90%	4.50%	3.58%
Return on Net Nonoperating Assets (RNNOA)	-119.82%	271.12%	45.78%	28.56%	18.08%	22.37%	18.76%	15.01%	10.96%	7.87%
Return on Equity (ROE)	-111.69%	280.95%	55.02%	40.51%	26.47%	30.13%	27.81%	24.03%	19.00%	15.12%
Cash Return on Invested Capital (CROIC)	15.70%	-39.83%	-2.38%	3.69%	-47.39%	13.26%	9.31%	13.52%	8.47%	8.77%
Operating Return on Assets (OROA)	7.92%	9.45%	8.90%	8.36%	6.40%	6.92%	7.18%	7.00%	6.25%	5.55%
Return on Assets (ROA)	1.67%	3.72%	4.22%	5.63%	3.16%	3.37%	4.24%	4.40%	3.63%	3.11%
Return on Common Equity (ROCE)	-134.17%	250.85%	54.75%	40.46%	26.47%	30.13%	27.81%	24.03%	19.00%	15.12%
Return on Equity Simple (ROE_SIMPLE)	-126.47%	108.26%	33.60%	34.59%	24.97%	26.72%	23.05%	23.97%	18.94%	14.30%
Net Operating Profit after Tax (NOPAT)	288	445	554	791	803	924	1,046	1,019	886	791
NOPAT Margin	5.89%	6.86%	7.81%	10.06%	9.05%	7.89%	7.56%	7.03%	6.99%	6.46%
Net Nonoperating Expense Percent (NNEP)	5.58%	4.71%	3.98%	5.47%	4.96%	3.64%	3.51%	3.12%	3.54%	3.67%
Cost of Revenue to Revenue	82.20%	80.17%	80.21%	81.81%	81.76%	79.43%	81.96%	83.64%	81.76%	81.62%
SG&A Expenses to Revenue	7.31%	8.18%	6.96%	6.10%	6.57%	7.26%	6.26%	5.86%	7.00%	7.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.44%	10.88%	9.47%	8.51%	7.27%	10.50%	8.71%	7.80%	9.72%	10.74%
Earnings before Interest and Taxes (EBIT)	407	599	718	736	819	1,148	1,241	1,220	1,048	922
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	763	1,133	1,248	1,278	1,433	2,020	2,127	2,045	1,805	1,700
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	23.73	7.08	4.32	3.11	2.92	2.53	1.62	2.05	2.01
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.72	0.80	1.01	0.79	0.57	0.52	0.58	0.36	0.52	0.59
Price to Earnings (P/E)	40.94	21.92	21.08	12.48	12.47	10.92	10.98	6.74	10.83	14.05
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.79%	1.74%
Earnings Yield	2.44%	4.56%	4.74%	8.02%	8.02%	9.16%	9.11%	14.83%	9.23%	7.12%
Enterprise Value to Invested Capital (EV/IC)	2.05	1.88	1.97	1.69	1.28	1.35	1.42	1.18	1.31	1.34
Enterprise Value to Revenue (EV/Rev)	1.43	1.63	1.76	1.48	1.76	1.33	1.19	0.90	1.14	1.18
Enterprise Value to EBITDA (EV/EBITDA)	9.16	9.36	10.02	9.12	10.92	7.72	7.72	6.36	7.96	8.51
Enterprise Value to EBIT (EV/EBIT)	17.18	17.71	17.42	15.83	19.11	13.58	13.23	10.66	13.72	15.69
Enterprise Value to NOPAT (EV/NOPAT)	24.31	23.83	22.56	14.72	19.49	16.86	15.69	12.77	16.23	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	10.98	12.38	12.83	11.60	13.03	10.19	10.39	8.32	8.90	10.30
Enterprise Value to Free Cash Flow (EV/FCFF)	12.59	0.00	0.00	47.69	0.00	9.88	15.25	8.52	15.40	15.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-69.53	26.04	5.56	4.08	7.02	4.89	2.97	2.90	2.79	2.30
Long-Term Debt to Equity	-68.83	25.85	5.53	4.05	6.96	4.86	2.97	2.89	2.79	2.08
Financial Leverage	-46.95	52.91	8.71	4.41	5.27	5.42	3.39	2.54	2.44	2.20
Leverage Ratio	-66.75	75.48	13.05	7.19	8.39	8.94	6.56	5.46	5.23	4.87
Compound Leverage Factor	-20.01	38.81	8.16	4.66	5.02	5.55	4.78	4.18	3.70	3.22
Debt to Total Capital	101.46%	96.30%	84.75%	80.30%	87.54%	83.03%	74.84%	74.33%	73.63%	69.74%
Short-Term Debt to Total Capital	1.02%	0.72%	0.50%	0.52%	0.80%	0.61%	0.17%	0.10%	0.08%	6.79%
Long-Term Debt to Total Capital	100.44%	95.58%	84.25%	79.77%	86.74%	82.42%	74.68%	74.23%	73.55%	62.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.41%	0.05%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-1.87%	3.65%	15.20%	19.70%	12.46%	16.97%	25.16%	25.67%	26.37%	30.26%
Debt to EBITDA	4.83	5.08	4.52	4.57	7.93	5.07	4.45	4.53	4.98	4.89
Net Debt to EBITDA	4.53	4.79	4.27	4.27	7.41	4.70	3.93	3.84	4.31	4.25
Long-Term Debt to EBITDA	4.78	5.04	4.49	4.54	7.86	5.03	4.44	4.52	4.97	4.41
Debt to NOPAT	12.81	12.93	10.18	7.39	14.15	11.07	9.04	9.09	10.14	10.51
Net Debt to NOPAT	12.02	12.20	9.62	6.90	13.22	10.26	8.00	7.70	8.78	9.12
Long-Term Debt to NOPAT	12.68	12.83	10.12	7.34	14.02	10.99	9.02	9.07	10.13	9.48
Altman Z-Score	1.72	1.63	1.86	1.86	1.12	1.43	1.64	1.68	1.60	1.54
Noncontrolling Interest Sharing Ratio	-20.13%	10.71%	0.49%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	1.74	1.77	1.85	1.84	1.75	1.60	1.82	1.67	1.25
Quick Ratio	0.94	1.00	1.02	1.07	1.12	1.02	0.93	1.12	1.02	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	556	-1,804	-143	244	-4,533	1,578	1,076	1,527	934	956
Operating Cash Flow to CapEx	393.21%	302.83%	370.72%	301.50%	301.00%	262.44%	233.73%	227.51%	234.40%	254.99%
Free Cash Flow to Firm to Interest Expense	5.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	5.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.95	1.02	0.88	0.89	0.69	0.71	0.80	0.83	0.76	0.74
Accounts Receivable Turnover	10.55	11.40	9.15	8.80	7.20	7.82	8.27	7.93	7.57	7.73
Inventory Turnover	7.13	8.80	8.00	0.00	0.00	0.00	0.00	6.54	6.16	6.28
Fixed Asset Turnover	3.67	3.69	3.09	3.24	2.47	2.52	3.00	3.21	2.84	2.68
Accounts Payable Turnover	11.07	11.97	9.67	9.06	7.48	8.18	7.19	6.32	6.23	6.07
Days Sales Outstanding (DSO)	34.59	32.01	39.90	41.47	50.71	46.68	44.12	46.03	48.20	47.23
Days Inventory Outstanding (DIO)	51.22	41.47	45.60	0.00	0.00	0.00	0.00	55.84	59.21	58.15
Days Payable Outstanding (DPO)	32.98	30.49	37.74	40.28	48.82	44.62	50.74	57.75	58.57	60.09
Cash Conversion Cycle (CCC)	52.83	42.99	47.75	1.19	1.89	2.06	-6.62	44.12	48.84	45.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,404	5,653	6,350	6,897	12,233	11,579	11,549	11,041	10,993	10,828
Invested Capital Turnover	1.38	1.43	1.18	1.19	0.93	0.98	1.20	1.28	1.15	1.12
Increase / (Decrease) in Invested Capital	-268	2,249	697	547	5,336	-654	-30	-508	-48	-165
Enterprise Value (EV)	6,993	10,608	12,505	11,651	15,655	15,589	16,416	13,010	14,374	14,468
Market Capitalization	3,521	5,173	7,167	6,188	5,040	6,102	8,047	5,165	6,597	7,248
Book Value per Share	($0.57)	$1.79	$7.76	$10.88	$12.25	$15.78	$23.50	$25.55	$27.23	$31.48
Tangible Book Value per Share	($20.18)	($27.86)	($23.38)	($21.62)	($47.03)	($42.07)	($31.44)	($27.89)	($29.36)	($26.32)
Total Capital	3,632	5,976	6,656	7,278	12,983	12,329	12,640	12,451	12,196	11,923
Total Debt	3,685	5,755	5,641	5,844	11,365	10,237	9,460	9,255	8,980	8,315
Total Long-Term Debt	3,648	5,712	5,608	5,806	11,261	10,162	9,439	9,242	8,970	7,505
Net Debt	3,457	5,432	5,335	5,463	10,615	9,487	8,369	7,845	7,777	7,220
Capital Expenditures (CapEx)	162	283	263	333	399	583	676	687	689	551
Debt-free, Cash-free Net Working Capital (DFCFNWC)	487	481	597	705	1,072	959	838	923	627	617
Debt-free Net Working Capital (DFNWC)	715	804	903	1,086	1,822	1,709	1,929	2,333	1,830	1,712
Net Working Capital (NWC)	678	761	870	1,048	1,718	1,634	1,908	2,320	1,820	902
Net Nonoperating Expense (NNE)	202	209	214	295	399	365	313	253	277	275
Net Nonoperating Obligations (NNO)	3,457	5,432	5,335	5,463	10,615	9,487	8,369	7,845	7,777	7,220
Total Depreciation and Amortization (D&A)	356	534	530	542	614	872	886	825	757	778
Debt-free, Cash-free Net Working Capital to Revenue	9.98%	7.41%	8.41%	8.96%	12.07%	8.19%	6.05%	6.37%	4.95%	5.03%
Debt-free Net Working Capital to Revenue	14.65%	12.39%	12.73%	13.80%	20.52%	14.60%	13.93%	16.10%	14.45%	13.97%
Net Working Capital to Revenue	13.89%	11.73%	12.26%	13.32%	19.35%	13.96%	13.78%	16.01%	14.37%	7.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$1.95	$2.66	$3.77	$3.08	$4.22	$5.45	$5.87	$5.07	$4.48
Adjusted Weighted Average Basic Shares Outstanding	120M	122M	131M	131.20M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M
Adjusted Diluted Earnings per Share	$0.70	$1.89	$2.56	$3.67	$3.00	$4.14	$5.30	$5.77	$4.95	$4.38
Adjusted Weighted Average Diluted Shares Outstanding	120M	122M	131M	131.20M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	120M	122M	131M	131.20M	132.30M	133.50M	135.60M	124.10M	115.50M	115.20M
Normalized Net Operating Profit after Tax (NOPAT)	297	470	572	558	694	986	1,088	1,037	969	952
Normalized NOPAT Margin	6.08%	7.24%	8.07%	7.09%	7.82%	8.42%	7.85%	7.16%	7.65%	7.76%
Pre Tax Income Margin	2.50%	4.75%	6.33%	6.06%	5.52%	6.09%	6.53%	6.44%	5.86%	4.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	3.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	2.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	33.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.85%	26.94%
Augmented Payout Ratio	0.00%	33.05%	0.00%	6.65%	18.32%	0.00%	0.00%	92.56%	119.54%	50.19%

This table displays calculated financial ratios and metrics derived from Berry Global Group's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.76%	-14.36%	-12.90%	-13.34%	-9.76%	-23.76%	-6.45%	-2.11%	2.62%	2.23%	0.04%
EBITDA Growth	-1.14%	-10.84%	-10.99%	-16.82%	-8.06%	-24.05%	-17.90%	12.36%	-3.76%	10.67%	62.42%
EBIT Growth	6.86%	-8.73%	-10.45%	-22.19%	-13.46%	-28.23%	-31.00%	20.31%	-7.42%	16.00%	107.10%
NOPAT Growth	-1.26%	-8.02%	-10.50%	-20.12%	-11.74%	-15.84%	-22.28%	18.02%	-17.17%	-8.39%	56.44%
Net Income Growth	2.19%	-12.40%	-15.12%	-30.92%	-20.17%	-44.34%	-33.33%	34.97%	-20.43%	-76.27%	66.38%
EPS Growth	12.35%	-2.30%	-5.33%	-25.32%	-17.58%	-41.18%	-30.99%	39.83%	-16.67%	-76.00%	65.31%
Operating Cash Flow Growth	82.34%	23.36%	38.28%	-10.31%	-7.64%	14.59%	-50.37%	-7.76%	-1.51%	-140.20%	-21.11%
Free Cash Flow Firm Growth	138.06%	269.88%	284.32%	1,156.57%	-60.72%	-18.26%	-14.64%	97.35%	21.83%	519.17%	405.79%
Invested Capital Growth	-4.40%	-2.71%	-3.55%	-0.98%	-0.43%	-2.24%	-3.29%	-3.38%	-1.50%	-20.41%	-22.08%
Revenue Q/Q Growth	-8.19%	-10.55%	7.45%	-1.79%	-4.40%	-24.43%	7.82%	2.76%	0.22%	-24.72%	5.66%
EBITDA Q/Q Growth	-2.62%	-24.18%	23.04%	-8.44%	7.64%	-37.37%	17.35%	25.31%	-7.80%	-27.98%	61.45%
EBIT Q/Q Growth	-0.61%	-36.09%	43.54%	-14.67%	10.55%	-47.00%	42.76%	48.79%	-14.94%	-33.59%	117.82%
NOPAT Q/Q Growth	15.23%	-47.87%	46.92%	-9.49%	27.32%	-50.29%	45.15%	37.45%	-10.65%	-45.02%	101.38%
Net Income Q/Q Growth	12.56%	-54.51%	64.15%	-17.82%	30.07%	-68.28%	96.61%	66.38%	-23.32%	-90.54%	1,278.57%
EPS Q/Q Growth	15.19%	-53.30%	67.06%	-16.90%	27.12%	-66.67%	96.00%	68.37%	-24.24%	-90.40%	1,250.00%
Operating Cash Flow Q/Q Growth	239.28%	-119.13%	272.10%	-19.70%	249.38%	-117.69%	200.00%	49.25%	273.06%	-143.14%	132.85%
Free Cash Flow Firm Q/Q Growth	2,979.96%	-40.02%	37.67%	-50.59%	-3.72%	24.81%	47.03%	14.23%	-40.56%	534.29%	12.54%
Invested Capital Q/Q Growth	-8.64%	7.00%	0.78%	0.50%	-8.13%	5.06%	-0.30%	0.41%	-6.34%	-15.11%	-2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.39%	16.93%	18.43%	17.96%	19.63%	18.43%	18.43%	19.01%	19.29%	19.12%	19.92%
EBITDA Margin	15.23%	12.91%	14.78%	13.78%	15.52%	12.86%	12.97%	15.82%	14.55%	13.92%	21.27%
Operating Margin	9.82%	6.86%	9.15%	8.27%	9.75%	7.07%	6.76%	9.59%	8.49%	6.37%	15.52%
EBIT Margin	9.56%	6.83%	9.12%	7.93%	9.17%	6.43%	6.73%	9.74%	8.27%	7.30%	15.04%
Profit (Net Income) Margin	6.81%	3.46%	5.29%	4.43%	6.03%	2.53%	3.77%	6.11%	4.67%	0.59%	7.66%
Tax Burden Percent	92.09%	76.81%	78.73%	80.34%	90.73%	74.68%	88.55%	83.55%	84.09%	14.14%	63.07%
Interest Burden Percent	77.37%	66.03%	73.67%	69.53%	72.44%	52.67%	63.29%	75.00%	67.18%	56.90%	80.74%
Effective Tax Rate	7.91%	23.19%	21.27%	19.66%	9.27%	17.72%	11.45%	16.45%	15.91%	18.18%	35.95%
Return on Invested Capital (ROIC)	11.61%	6.15%	8.02%	7.18%	10.17%	5.95%	6.26%	8.29%	8.02%	6.19%	11.94%
ROIC Less NNEP Spread (ROIC-NNEP)	10.67%	5.52%	7.31%	6.37%	9.05%	5.03%	5.45%	7.57%	6.98%	4.74%	11.16%
Return on Net Nonoperating Assets (RNNOA)	27.12%	14.65%	19.48%	17.20%	22.06%	12.81%	13.92%	18.79%	15.34%	13.02%	28.47%
Return on Equity (ROE)	38.73%	20.81%	27.50%	24.38%	32.23%	18.76%	20.19%	27.08%	23.36%	19.21%	40.42%
Cash Return on Invested Capital (CROIC)	13.52%	11.14%	11.68%	8.68%	8.47%	9.63%	10.19%	10.57%	8.77%	30.24%	33.26%
Operating Return on Assets (OROA)	7.95%	5.65%	7.21%	6.16%	6.92%	4.71%	5.06%	7.29%	6.11%	6.04%	12.83%
Return on Assets (ROA)	5.67%	2.87%	4.18%	3.44%	4.55%	1.85%	2.83%	4.57%	3.45%	0.49%	6.53%
Return on Common Equity (ROCE)	38.73%	20.81%	27.50%	24.38%	32.23%	18.76%	20.19%	27.08%	23.36%	19.21%	40.42%
Return on Equity Simple (ROE_SIMPLE)	0.00%	23.04%	21.85%	19.37%	0.00%	16.89%	15.30%	16.43%	0.00%	21.35%	22.13%
Net Operating Profit after Tax (NOPAT)	309	161	237	215	273	136	184	253	226	124	250
NOPAT Margin	9.05%	5.27%	7.21%	6.64%	8.85%	5.82%	5.99%	8.01%	7.14%	5.21%	9.94%
Net Nonoperating Expense Percent (NNEP)	0.94%	0.64%	0.71%	0.81%	1.12%	0.92%	0.81%	0.72%	1.04%	1.45%	0.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.13%	-	-	-	1.20%	2.65%
Cost of Revenue to Revenue	82.61%	83.07%	81.57%	82.04%	80.37%	81.57%	81.57%	80.99%	80.71%	80.88%	80.08%
SG&A Expenses to Revenue	5.64%	7.71%	6.69%	6.66%	6.96%	8.83%	6.92%	6.83%	7.20%	9.35%	7.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.57%	10.07%	9.28%	9.69%	9.88%	11.36%	11.67%	9.43%	10.80%	12.75%	4.40%
Earnings before Interest and Taxes (EBIT)	327	209	300	256	283	150	207	308	262	174	379
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	521	395	486	445	479	300	399	500	461	332	536
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.62	2.24	2.12	2.23	2.05	2.16	2.12	2.00	2.01	3.40	3.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.36	0.52	0.52	0.58	0.52	0.60	0.57	0.55	0.59	0.61	0.65
Price to Earnings (P/E)	6.74	9.73	9.72	11.49	10.83	12.78	13.84	12.15	14.05	15.90	14.68
Dividend Yield	0.00%	0.42%	0.87%	1.19%	1.79%	1.69%	1.74%	1.83%	1.74%	10.67%	10.03%
Earnings Yield	14.83%	10.28%	10.29%	8.70%	9.23%	7.83%	7.22%	8.23%	7.12%	6.29%	6.81%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.34	1.31	1.35	1.31	1.33	1.32	1.29	1.34	1.57	1.62
Enterprise Value to Revenue (EV/Rev)	0.90	1.13	1.16	1.24	1.14	1.29	1.24	1.23	1.18	1.17	1.18
Enterprise Value to EBITDA (EV/EBITDA)	6.36	7.94	8.06	8.73	7.96	9.01	9.14	8.69	8.51	8.34	7.50
Enterprise Value to EBIT (EV/EBIT)	10.66	13.22	13.40	14.76	13.72	15.57	17.06	15.82	15.69	15.26	12.73
Enterprise Value to NOPAT (EV/NOPAT)	12.77	15.79	15.96	17.42	16.23	17.91	18.97	17.79	18.28	18.53	16.81
Enterprise Value to Operating Cash Flow (EV/OCF)	8.32	9.71	8.94	9.44	8.90	9.34	10.50	10.49	10.30	12.82	13.41
Enterprise Value to Free Cash Flow (EV/FCFF)	8.52	11.89	11.02	15.44	15.40	13.69	12.74	12.00	15.13	4.60	4.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.90	2.85	2.82	2.72	2.79	2.62	2.65	2.58	2.30	3.69	2.82
Long-Term Debt to Equity	2.89	2.84	2.82	2.72	2.79	2.62	2.64	2.57	2.08	3.35	2.20
Financial Leverage	2.54	2.66	2.67	2.70	2.44	2.55	2.55	2.48	2.20	2.75	2.55
Leverage Ratio	5.46	5.16	5.16	5.15	5.23	4.95	4.95	4.81	4.87	5.37	5.00
Compound Leverage Factor	4.23	3.40	3.80	3.58	3.79	2.61	3.13	3.61	3.27	3.06	4.04
Debt to Total Capital	74.33%	73.99%	73.85%	73.12%	73.63%	72.40%	72.57%	72.07%	69.74%	78.66%	73.81%
Short-Term Debt to Total Capital	0.10%	0.10%	0.10%	0.10%	0.08%	0.21%	0.20%	0.19%	6.79%	7.16%	16.23%
Long-Term Debt to Total Capital	74.23%	73.90%	73.76%	73.02%	73.55%	72.19%	72.37%	71.88%	62.95%	71.49%	57.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.67%	26.01%	26.15%	26.88%	26.37%	27.60%	27.43%	27.93%	30.26%	21.34%	26.19%
Debt to EBITDA	4.53	4.64	4.80	4.99	4.98	5.10	5.24	5.06	4.89	4.69	3.60
Net Debt to EBITDA	3.84	4.28	4.45	4.64	4.31	4.81	4.94	4.77	4.25	4.01	3.35
Long-Term Debt to EBITDA	4.52	4.64	4.80	4.98	4.97	5.09	5.23	5.05	4.41	4.27	2.81
Debt to NOPAT	9.09	9.23	9.52	9.96	10.14	10.15	10.88	10.37	10.51	10.43	8.07
Net Debt to NOPAT	7.70	8.51	8.81	9.27	8.78	9.56	10.26	9.76	9.12	8.92	7.51
Long-Term Debt to NOPAT	9.07	9.21	9.51	9.95	10.13	10.12	10.85	10.34	9.48	9.48	6.29
Altman Z-Score	1.51	1.58	1.54	1.52	1.44	1.43	1.47	1.50	1.41	1.60	1.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.98	1.95	1.87	1.67	1.67	1.74	1.82	1.25	1.61	0.91
Quick Ratio	1.12	1.04	1.05	1.02	1.02	0.85	0.89	0.94	0.74	0.89	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	817	490	675	334	321	401	576	658	391	2,481	2,792
Operating Cash Flow to CapEx	929.77%	-110.43%	230.46%	184.00%	872.09%	-118.45%	132.67%	212.14%	1,420.51%	-356.72%	127.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38.25
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.15
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.83	0.79	0.78	0.76	0.73	0.75	0.75	0.74	0.83	0.85
Accounts Receivable Turnover	7.93	8.12	7.20	6.98	7.57	7.67	7.33	7.21	7.73	9.52	8.57
Inventory Turnover	6.54	5.90	5.83	5.77	6.16	5.41	5.63	5.83	6.28	6.65	6.54
Fixed Asset Turnover	3.21	3.04	2.91	2.82	2.84	2.60	2.67	2.64	2.68	3.02	3.04
Accounts Payable Turnover	6.32	8.33	7.43	7.99	6.23	8.31	7.47	8.27	6.07	10.15	8.32
Days Sales Outstanding (DSO)	46.03	44.97	50.67	52.26	48.20	47.61	49.79	50.63	47.23	38.34	42.60
Days Inventory Outstanding (DIO)	55.84	61.87	62.63	63.25	59.21	67.44	64.82	62.66	58.15	54.89	55.82
Days Payable Outstanding (DPO)	57.75	43.79	49.10	45.66	58.57	43.94	48.86	44.13	60.09	35.95	43.89
Cash Conversion Cycle (CCC)	44.12	63.05	64.20	69.85	48.84	71.11	65.75	69.15	45.29	57.28	54.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,041	11,814	11,906	11,966	10,993	11,549	11,514	11,561	10,828	9,192	8,972
Invested Capital Turnover	1.28	1.17	1.11	1.08	1.15	1.02	1.05	1.04	1.12	1.19	1.20
Increase / (Decrease) in Invested Capital	-508	-329	-438	-119	-48	-265	-392	-405	-165	-2,357	-2,542
Enterprise Value (EV)	13,010	15,863	15,607	16,115	14,374	15,401	15,197	14,922	14,468	14,438	14,541
Market Capitalization	5,165	7,308	6,996	7,536	6,597	7,180	6,977	6,732	7,248	7,490	8,045
Book Value per Share	$25.55	$26.26	$27.14	$28.41	$27.23	$28.71	$28.42	$29.47	$31.48	$19.15	$21.38
Tangible Book Value per Share	($27.89)	($28.66)	($29.42)	($28.88)	($29.36)	($29.59)	($28.43)	($27.86)	($26.32)	($26.92)	($24.82)
Total Capital	12,451	12,531	12,602	12,599	12,196	12,056	12,008	12,070	11,923	10,335	9,455
Total Debt	9,255	9,272	9,307	9,212	8,980	8,728	8,714	8,699	8,315	8,129	6,979
Total Long-Term Debt	9,242	9,260	9,295	9,200	8,970	8,703	8,690	8,676	7,505	7,389	5,444
Net Debt	7,845	8,555	8,611	8,579	7,777	8,221	8,220	8,190	7,220	6,948	6,496
Capital Expenditures (CapEx)	131	211	174	175	129	168	150	140	78	134	123
Debt-free, Cash-free Net Working Capital (DFCFNWC)	923	1,509	1,527	1,394	627	1,098	1,253	1,382	617	1,109	741
Debt-free Net Working Capital (DFNWC)	2,333	2,226	2,223	2,027	1,830	1,605	1,747	1,891	1,712	2,290	1,224
Net Working Capital (NWC)	2,320	2,214	2,211	2,015	1,820	1,580	1,723	1,868	902	1,550	-311
Net Nonoperating Expense (NNE)	76	55	63	72	87	77	68	60	78	110	57
Net Nonoperating Obligations (NNO)	7,845	8,555	8,611	8,579	7,777	8,221	8,220	8,190	7,220	6,986	6,496
Total Depreciation and Amortization (D&A)	194	186	186	189	196	150	192	192	199	158	157
Debt-free, Cash-free Net Working Capital to Revenue	6.37%	10.79%	11.32%	10.72%	4.95%	9.20%	10.23%	11.35%	5.03%	9.01%	6.02%
Debt-free Net Working Capital to Revenue	16.10%	15.92%	16.47%	15.59%	14.45%	13.45%	14.27%	15.53%	13.97%	18.60%	9.94%
Net Working Capital to Revenue	16.01%	15.83%	16.38%	15.50%	14.37%	13.24%	14.07%	15.34%	7.36%	12.59%	-2.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$0.86	$1.44	$1.20	$1.57	$0.51	$1.00	$1.69	$1.28	$0.12	$1.66
Adjusted Weighted Average Basic Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M
Adjusted Diluted Earnings per Share	$1.82	$0.85	$1.42	$1.18	$1.50	$0.50	$0.98	$1.65	$1.25	$0.12	$1.62
Adjusted Weighted Average Diluted Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	124.10M	121.40M	119.20M	118.10M	115.50M	115.90M	114.40M	114.60M	115.20M	115.80M	116.70M
Normalized Net Operating Profit after Tax (NOPAT)	314	171	257	244	299	146	261	273	274	153	165
Normalized NOPAT Margin	9.18%	5.57%	7.81%	7.56%	9.67%	6.24%	8.49%	8.64%	8.65%	6.42%	6.56%
Pre Tax Income Margin	7.40%	4.51%	6.72%	5.51%	6.64%	3.39%	4.26%	7.31%	5.56%	4.15%	12.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.19
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.43
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.51
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	4.39%	9.03%	14.79%	20.85%	23.13%	26.19%	24.19%	26.94%	29.51%	27.19%
Augmented Payout Ratio	92.56%	114.11%	105.00%	89.02%	119.54%	101.78%	96.83%	78.88%	50.19%	53.50%	33.03%

Frequently Asked Questions About Berry Global Group's Financials

When does Berry Global Group's financial year end?

According to the most recent income statement we have on file, Berry Global Group's fiscal year ends in September. Their fiscal year 2024 ended on September 28, 2024.

How has Berry Global Group's net income changed over the last 9 years?

Berry Global Group's net income appears to be on an upward trend, with a most recent value of $516 million in 2024, rising from $86 million in 2015. The previous period was $609 million in 2023. See where experts think Berry Global Group is headed by visiting Berry Global Group's forecast page.

What is Berry Global Group's operating income?

Berry Global Group's total operating income in 2024 was $937 million, based on the following breakdown:

Total Gross Profit: $2.25 billion
Total Operating Expenses: $1.32 billion

How has Berry Global Group revenue changed over the last 9 years?

Over the last 9 years, Berry Global Group's total revenue changed from $4.88 billion in 2015 to $12.26 billion in 2024, a change of 151.1%.

How much debt does Berry Global Group have?

Berry Global Group's total liabilities were at $13.01 billion at the end of 2024, a 2.7% decrease from 2023, and a 156.0% increase since 2015.

How much cash does Berry Global Group have?

In the past 9 years, Berry Global Group's cash and equivalents has ranged from $228 million in 2015 to $1.41 billion in 2022, and is currently $865 million as of their latest financial filing in 2024.

How has Berry Global Group's book value per share changed over the last 9 years?

Over the last 9 years, Berry Global Group's book value per share changed from -0.57 in 2015 to 31.48 in 2024, a change of -5,646.8%.

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This page (NYSE:BERY) was last updated on 5/7/2025 by MarketBeat.com Staff

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Berry Global Group (BERY) Financials

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