What is Magnera's operating income?

Magnera's total operating income in 2025 was $5 million, based on the following breakdown: Total Gross Profit: $337 million Total Operating Expenses: $332 million

Magnera (MAGN) Financials

$12.33 +0.32 (+2.66%)

As of 08/21/2026 03:58 PM Eastern

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Annual Income Statements for Magnera

This table shows Magnera'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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	65	22	7.91	-178	-22	21	6.94	-194	38	-154	-159
Consolidated Net Income / (Loss)	65	22	7.91	-178	-22	21	6.94	-194	38	-154	-159
Net Income / (Loss) Continuing Operations	65	-14	-5.61	-0.45	-25	21	6.72	-194	38	-154	-159
Total Pre-Tax Income	79	-43	19	7.28	-34	32	14	-204	72	-135	-166
Total Operating Income	96	-22	33	22	55	49	29	-164	69	-141	5.00
Total Gross Profit	203	132	144	130	148	148	145	149	280	237	337
Total Revenue	1,667	761	800	866	928	916	1,085	1,491	2,275	2,187	3,204
Operating Revenue	1,667	761	800	866	928	916	1,085	1,491	2,275	2,187	3,204
Total Cost of Revenue	1,464	629	657	736	780	769	940	1,343	1,995	1,950	2,867
Operating Cost of Revenue	1,464	629	657	736	780	769	940	1,343	1,995	1,950	2,867
Total Operating Expenses	107	153	110	108	93	99	116	313	211	378	332
Selling, General & Admin Expense	128	153	111	112	95	99	121	125	110	107	190
Amortization Expense	-	-	-	-	-	-	-	-	51	48	50
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	0.00	26	21	3.00
Impairment Charge	-	-	-	-	-	0.90	0.00	191	0.00	172	0.00
Restructuring Charge	-	-	-	-	-	-	-	-	24	30	89
Total Other Income / (Expense), net	-18	-21	-14	-15	-89	-17	-15	-40	3.00	6.00	-171
Interest Expense	17	14	13	16	10	7.02	12	33	0.00	3.00	141
Other Income / (Expense), net	-0.62	-7.42	-0.71	0.38	-80	-10	-2.66	-7.64	3.00	9.00	-30
Income Tax Expense	14	-28	25	7.72	-9.24	12	6.96	-10	34	19	-7.00
Basic Earnings per Share	$1.49	$0.49	$0.18	($4.06)	($0.49)	$0.48	$0.15	($4.33)	$1.19	($4.84)	($4.47)
Weighted Average Basic Shares Outstanding	43.40M	43.56M	43.61M	43.77M	44.13M	44.34M	44.55M	44.83M	45.15M	-	35.60M
Diluted Earnings per Share	$1.47	$0.49	$0.18	($4.06)	($0.49)	$0.48	$0.15	($4.33)	$1.19	($4.84)	($4.47)
Weighted Average Diluted Shares Outstanding	43.94M	44.13M	44.44M	43.77M	44.13M	44.61M	44.92M	44.83M	45.15M	-	35.60M
Weighted Average Basic & Diluted Shares Outstanding	43.30M	44M	44M	44.01M	44.31M	44.37M	44.63M	44.83M	45.15M	-	35.60M

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
Net Income / (Loss) Attributable to Common Shareholders	-8.00	14	19	-179	-60	-41	-18	-40	-34	-18	-20
Consolidated Net Income / (Loss)	-8.00	14	19	-179	-60	-41	-18	-40	-34	-18	-20
Net Income / (Loss) Continuing Operations	-8.00	14	19	-179	-60	-41	-18	-40	-34	-18	-20
Total Pre-Tax Income	-10	18	16	-159	-69	-40	-24	-33	-29	-17	-18
Total Operating Income	-12	21	17	-167	-22	4.00	13	10	14	17	22
Total Gross Profit	42	70	67	58	71	88	90	88	97	95	112
Total Revenue	519	558	556	554	702	824	839	839	792	796	857
Operating Revenue	519	558	556	554	702	824	839	839	792	796	857
Total Cost of Revenue	477	488	489	496	631	736	749	751	695	701	745
Operating Cost of Revenue	477	488	489	496	631	736	749	751	695	701	745
Total Operating Expenses	54	49	50	225	93	84	77	78	83	78	90
Selling, General & Admin Expense	28	28	26	25	47	47	50	46	50	50	56
Amortization Expense	12	12	12	12	14	14	13	9.00	11	12	11
Restructuring Charge	10	4.00	4.00	12	32	23	14	20	22	16	23
Total Other Income / (Expense), net	2.00	-3.00	-1.00	8.00	-47	-44	-37	-43	-43	-34	-40
Interest Expense	0.00	2.00	1.00	-	26	39	37	39	40	35	37
Other Income / (Expense), net	2.00	-1.00	0.00	8.00	-21	-5.00	0.00	-4.00	-3.00	1.00	-3.00
Income Tax Expense	-2.00	4.00	-3.00	20	-9.00	1.00	-6.00	7.00	5.00	1.00	2.00
Basic Earnings per Share	($0.25)	$0.44	$0.60	-	($1.69)	($1.15)	($0.51)	($1.12)	($0.95)	($0.50)	($0.56)
Weighted Average Basic Shares Outstanding	45.25M	45.40M	45.50M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M
Diluted Earnings per Share	($0.25)	$0.44	$0.60	-	($1.69)	($1.15)	($0.51)	($1.12)	($0.95)	($0.50)	($0.56)
Weighted Average Diluted Shares Outstanding	45.25M	45.40M	45.50M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M
Weighted Average Basic & Diluted Shares Outstanding	45.25M	45.40M	45.50M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M

This table details how cash moves in and out of Magnera'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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	5.47	-40	56	26	2.68	-13	38	-29	-28	45	74
Net Cash From Operating Activities	134	31	53	-5.95	103	109	71	-41	257	192	103
Net Cash From Continuing Operating Activities	134	31	53	-5.95	103	109	71	-41	257	192	103
Net Income / (Loss) Continuing Operations	65	-14	-5.61	-0.45	-25	21	6.72	-194	38	-154	-159
Consolidated Net Income / (Loss)	65	22	7.91	-178	-22	21	6.94	-194	38	-154	-159
Depreciation Expense	63	39	42	48	51	57	61	67	118	127	156
Amortization Expense	1.18	1.15	1.16	1.16	1.67	0.59	0.87	1.92	56	53	67
Non-Cash Adjustments To Reconcile Net Income	-5.29	5.60	5.30	3.03	130	5.22	-0.01	192	-3.00	176	74
Changes in Operating Assets and Liabilities, net	10	-0.78	10	-57	-55	26	1.98	-107	48	-10	-35
Net Cash From Investing Activities	-77	-62	-81	-218	-27	-27	-490	-33	-88	-39	-8.00
Net Cash From Continuing Investing Activities	-77	-62	-81	-218	-27	-27	-490	-33	-88	-39	-8.00
Purchase of Property, Plant & Equipment	-100	-61	-81	-42	-28	-28	-30	-38	-88	-72	-67
Sale of Property, Plant & Equipment	24	0.03	0.22	3.46	2.20	1.41	5.57	3.20	0.00	4.00	0.00
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	37
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	0.00	0.00	22
Other Investing Activities, net	-1.60	-0.80	-0.24	-0.07	-0.16	-0.05	-0.44	0.03	0.00	29	0.00
Net Cash From Financing Activities	-48	-6.60	77	-91	-73	-100	462	47	-210	-109	-21
Net Cash From Continuing Financing Activities	-48	-6.60	77	-91	-73	-100	462	47	-210	-109	-21
Repayment of Debt	-29	-8.34	-9.77	-67	-297	-77	-60	67	-210	-109	-500
Payment of Dividends	-20	-22	-22	-23	-23	-23	-24	-19	0.00	0.00	-1,111
Issuance of Debt	2.87	22	109	0.00	249	0.00	547	0.00	-	-	34
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	1,556

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/30/2023	6/30/2024	9/30/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
Net Change in Cash & Equivalents	-18	2.94	6.85	54	-15	67	-6.00	28	-41	39	-23
Net Cash From Operating Activities	-27	13	12	161	-58	65	-	96	2.00	87	-13
Net Cash From Continuing Operating Activities	-27	13	12	161	-58	65	-	96	2.00	87	-13
Net Income / (Loss) Continuing Operations	-8.00	-16	-20	-179	-60	-41	-18	-40	-34	-18	-20
Consolidated Net Income / (Loss)	-8.00	-16	-15	-179	-60	-41	-18	-40	-34	-18	-20
Depreciation Expense	32	16	16	33	39	44	45	28	38	39	39
Amortization Expense	12	1.04	1.06	17	17	19	13	26	18	18	16
Non-Cash Adjustments To Reconcile Net Income	1.00	0.87	1.08	164	38	9.00	17	2.00	14	4.00	13
Changes in Operating Assets and Liabilities, net	-64	11	14	126	-92	34	-57	80	-34	44	-61
Net Cash From Investing Activities	14	-5.68	-7.63	-12	21	-1.00	-13	-15	-15	-14	-8.00
Net Cash From Continuing Investing Activities	14	-5.68	-7.63	-12	21	-1.00	-13	-15	-15	-14	-8.00
Purchase of Property, Plant & Equipment	-16	-5.69	-8.52	-16	-16	-23	-13	-15	-15	-14	-15
Divestitures	0.00	-	-	-	37	-	-	-	0.00	-	7.00
Net Cash From Financing Activities	-9.00	-3.90	0.83	-98	33	-1.00	-4.00	-49	-27	-36	-2.00
Net Cash From Continuing Financing Activities	-9.00	-3.90	0.83	-98	33	-1.00	-4.00	-49	-27	-36	-2.00
Repayment of Debt	-1.00	-3.89	0.89	-106	-446	33	-4.00	-49	-27	-36	-2.00

This table presents Magnera'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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	9/28/2024	9/27/2025
Total Assets	1,500	1,521	1,731	1,340	1,284	1,287	1,881	1,647	1,564	2,807	3,989
Total Current Assets	552	494	585	469	477	453	637	679	606	886	1,423
Cash & Equivalents	105	55	116	143	126	100	138	111	50	230	305
Accounts Receivable	167	153	111	120	124	123	170	196	171	359	522
Inventories, net	247	250	136	173	190	196	280	309	298	259	474
Prepaid Expenses	33	36	32	33	36	34	48	64	86	38	122
Plant, Property, & Equipment, net	699	776	515	556	537	543	759	676	663	949	1,476
Plant, Property & Equipment, gross	-	-	-	-	-	-	-	-	-	949	1,476
Total Noncurrent Assets	249	251	631	314	269	291	485	292	295	972	1,090
Goodwill	76	73	83	153	151	164	236	105	108	850	890
Other Noncurrent Operating Assets	110	122	81	67	34	44	93	78	81	122	200
Total Liabilities & Shareholders' Equity	1,500	1,521	1,731	1,340	1,284	1,287	1,881	1,647	1,564	2,807	3,989
Total Liabilities	837	867	1,022	801	728	709	1,338	1,329	1,307	668	2,925
Total Current Liabilities	304	323	347	233	231	233	371	360	280	457	601
Accounts Payable	173	164	113	121	130	128	214	218	158	295	356
Current Employee Benefit Liabilities	-	-	-	-	-	-	-	-	-	47	90
Other Current Liabilities	106	119	76	73	63	71	99	89	113	115	155
Total Noncurrent Liabilities	533	544	675	568	497	476	967	969	1,027	211	2,324
Long-Term Debt	353	364	470	401	337	288	738	793	853	0.00	1,952
Noncurrent Deferred & Payable Income Tax Liabilities	76	55	84	79	76	77	87	54	52	78	46
Other Noncurrent Operating Liabilities	103	126	80	88	84	110	141	121	121	133	326
Total Equity & Noncontrolling Interests	663	654	709	539	556	578	543	318	257	2,139	1,064
Total Preferred & Common Equity	663	654	709	539	556	578	543	318	257	2,139	1,064
Total Common Equity	663	654	709	539	556	578	543	318	257	2,139	1,064
Common Stock	55	58	63	63	60	64	65	61	59	2,307	1,418
Retained Earnings	963	963	948	770	726	723	706	499	420	0.00	-159
Accumulated Other Comprehensive Income / (Loss)	-190	-205	-141	-137	-78	-59	-80	-98	-83	-168	-195

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025	3/28/2026	6/27/2026
Total Assets	1,577	1,533	1,517	1,505	2,807	3,993	4,061	4,112	3,893	3,896	3,834
Total Current Assets	614	595	584	586	886	1,338	1,428	1,484	1,365	1,407	1,392
Cash & Equivalents	54	53	30	34	230	215	282	276	264	303	280
Accounts Receivable	190	168	181	178	359	475	492	517	553	536	531
Inventories, net	315	302	300	305	259	508	508	535	476	472	498
Prepaid Expenses	56	72	74	69	38	140	146	156	72	96	83
Plant, Property, & Equipment, net	670	655	649	639	949	0.00	0.00	1,473	1,453	1,424	1,393
Plant, Property & Equipment, gross	-	-	-	-	949	-	-	1,473	1,453	1,424	1,393
Total Noncurrent Assets	292	283	284	280	972	2,655	2,633	1,155	1,075	1,065	1,049
Goodwill	106	105	106	105	850	876	890	937	880	870	858
Other Noncurrent Operating Assets	79	76	79	79	122	1,779	1,743	218	195	195	191
Total Liabilities & Shareholders' Equity	1,577	1,533	1,517	1,505	2,807	3,993	4,061	4,112	3,893	3,896	3,834
Total Liabilities	1,298	1,279	1,294	1,300	668	2,887	2,968	2,981	2,855	2,857	2,817
Total Current Liabilities	263	256	253	265	457	546	596	584	556	605	569
Accounts Payable	161	157	134	156	295	333	379	393	326	369	361
Current Employee Benefit Liabilities	-	-	-	-	-	-	-	-	80	81	86
Other Current Liabilities	90	89	111	100	-	-	-	-	150	155	122
Total Noncurrent Liabilities	1,035	1,024	1,041	1,034	211	2,341	2,372	2,397	2,299	2,252	2,248
Long-Term Debt	853	848	868	862	0.00	1,988	1,990	1,991	1,931	1,899	1,901
Noncurrent Deferred & Payable Income Tax Liabilities	57	53	51	51	78	110	101	73	48	52	50
Other Noncurrent Operating Liabilities	125	123	122	122	133	243	281	333	320	301	297
Total Equity & Noncontrolling Interests	279	254	223	206	2,139	1,106	1,093	1,131	1,038	1,039	1,017
Total Preferred & Common Equity	279	254	223	206	2,139	1,106	1,093	1,131	1,038	1,039	1,017
Total Common Equity	279	254	223	206	2,139	1,106	1,093	1,131	1,038	1,039	1,017
Common Stock	58	59	57	56	2,307	1,405	1,408	1,414	1,423	1,427	1,431
Retained Earnings	448	428	393	377	0.00	-60	-101	-119	-193	-211	-231
Accumulated Other Comprehensive Income / (Loss)	-88	-94	-90	-93	-168	-239	-214	-164	-192	-177	-183

This table displays calculated financial ratios and metrics derived from Magnera's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	9/28/2024	9/27/2025
DEI Shares Outstanding	43,406,546.00	43,549,639.00	43,586,355.00	43,782,109.00	44,171,151.00	44,367,836.00	44,525,089.00	-	-	45,397,132.00	35,600,000.00
DEI Adjusted Shares Outstanding	3,338,965.00	3,349,972.00	3,352,797.00	3,367,855.00	3,397,781.00	3,412,910.00	3,425,007.00	-	-	3,492,087.00	35,600,000.00
DEI Earnings Per Adjusted Shares Outstanding	19.34	6.43	2.36	-52.74	-6.34	6.24	2.03	-	-	-44.10	-4.47
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.93%	-54.33%	5.14%	8.24%	7.09%	-1.20%	18.35%	37.49%	-7.10%	-3.87%	46.50%
EBITDA Growth	-10.02%	-92.82%	558.86%	-6.30%	-61.52%	251.97%	-8.24%	-216.67%	158.98%	-80.49%	312.50%
EBIT Growth	-9.79%	-130.22%	212.47%	-31.41%	-212.73%	254.89%	-33.41%	-761.07%	95.43%	-283.33%	81.06%
NOPAT Growth	-6.40%	-119.02%	36.37%	85.90%	2,930.40%	-17.45%	-55.46%	-916.19%	101.65%	-371.03%	103.55%
Net Income Growth	-6.75%	-66.62%	-63.28%	-2,344.17%	87.87%	198.87%	-67.43%	-2,899.60%	59.29%	-505.26%	-3.25%
EPS Growth	-6.37%	-66.67%	-63.27%	-2,355.56%	87.93%	197.96%	-68.75%	-2,986.67%	59.58%	-505.26%	7.64%
Operating Cash Flow Growth	34.31%	-76.76%	71.29%	-111.18%	1,827.74%	5.99%	-34.88%	-157.51%	37.25%	-25.29%	-46.35%
Free Cash Flow Firm Growth	-15.06%	-159.35%	588.74%	-154.10%	131.61%	-48.58%	-1,427.36%	107.95%	-140.90%	-4,383.60%	15.12%
Invested Capital Growth	-3.63%	5.69%	-34.85%	27.91%	-2.25%	0.31%	50.14%	-12.14%	1.37%	78.93%	42.01%
Revenue Q/Q Growth	-1.34%	-53.37%	50.01%	93.85%	0.16%	0.47%	10.06%	2.72%	-3.72%	-23.07%	9.76%
EBITDA Q/Q Growth	12.87%	-93.28%	322.76%	-0.34%	-70.28%	394.86%	-19.28%	-17.56%	90.44%	-81.24%	244.53%
EBIT Q/Q Growth	25.56%	-127.73%	159.16%	-5.23%	-164.18%	204.87%	-49.33%	-9.22%	78.54%	-221.11%	86.84%
NOPAT Q/Q Growth	20.76%	-117.48%	72.10%	95.39%	49.23%	-7.45%	-56.83%	-7.59%	111.01%	-217.13%	102.91%
Net Income Q/Q Growth	29.58%	-70.08%	336.27%	-65.07%	62.04%	163.83%	-74.41%	-14.06%	24.51%	-215.45%	46.64%
EPS Q/Q Growth	30.09%	-69.94%	350.00%	-65.71%	62.31%	164.00%	-75.00%	-13.65%	24.57%	-215.45%	46.60%
Operating Cash Flow Q/Q Growth	-10.07%	-74.66%	777.45%	-136.03%	297.75%	-2.49%	-42.27%	-28.07%	-39.05%	305.59%	0.00%
Free Cash Flow Firm Q/Q Growth	-23.08%	-345.05%	397.67%	-74.22%	-84.36%	-20.34%	-522.83%	114.07%	58.63%	-22.43%	25.05%
Invested Capital Q/Q Growth	-4.44%	-4.77%	-42.28%	-30.78%	-5.25%	-4.68%	28.59%	0.89%	1.00%	0.00%	-5.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.18%	17.31%	17.94%	15.05%	15.90%	16.13%	13.35%	9.98%	9.36%	10.84%	10.52%
EBITDA Margin	9.61%	1.51%	9.47%	8.20%	2.95%	10.49%	8.14%	-6.90%	4.38%	2.19%	6.18%
Operating Margin	5.78%	-2.83%	4.15%	2.53%	5.89%	5.36%	2.64%	-10.99%	0.20%	-6.45%	0.16%
EBIT Margin	5.75%	-3.80%	4.07%	2.58%	-2.71%	4.25%	2.39%	-11.51%	-0.57%	-6.04%	-0.78%
Profit (Net Income) Margin	3.87%	2.83%	0.99%	-20.50%	-2.32%	2.32%	0.64%	-13.02%	-5.71%	-7.04%	-4.96%
Tax Burden Percent	82.18%	-50.62%	40.65%	-2,441.29%	62.52%	65.82%	50.72%	95.02%	111.20%	114.07%	95.78%
Interest Burden Percent	82.06%	147.15%	59.81%	32.59%	136.89%	83.01%	52.69%	119.11%	906.90%	102.27%	664.00%
Effective Tax Rate	17.82%	0.00%	128.83%	106.16%	0.00%	35.77%	50.86%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.41%	-1.59%	-1.19%	-0.19%	4.75%	3.96%	1.41%	-10.20%	0.18%	-6.63%	0.15%
ROIC Less NNEP Spread (ROIC-NNEP)	3.28%	10.97%	12.82%	-174.72%	-18.50%	-0.51%	-0.22%	-21.63%	-10.30%	-25.70%	-22.78%
Return on Net Nonoperating Assets (RNNOA)	1.43%	4.86%	2.35%	-28.28%	-8.69%	-0.21%	-0.17%	-34.92%	-27.68%	-6.22%	-10.08%
Return on Equity (ROE)	9.84%	3.27%	1.16%	-28.47%	-3.93%	3.76%	1.24%	-45.12%	-27.50%	-12.86%	-9.93%
Cash Return on Invested Capital (CROIC)	12.11%	-7.12%	41.02%	-24.68%	7.03%	3.65%	-38.68%	2.73%	-1.18%	-63.23%	-34.57%
Operating Return on Assets (OROA)	6.25%	-1.92%	2.00%	1.45%	-1.92%	3.03%	1.64%	-9.73%	-0.49%	-6.04%	-0.74%
Return on Assets (ROA)	4.22%	1.43%	0.49%	-11.57%	-1.64%	1.66%	0.44%	-11.01%	-4.92%	-7.05%	-4.68%
Return on Common Equity (ROCE)	9.84%	3.27%	1.16%	-28.47%	-3.93%	3.76%	1.24%	-45.12%	-27.50%	-12.86%	-9.93%
Return on Equity Simple (ROE_SIMPLE)	9.74%	3.30%	1.12%	-32.96%	-3.87%	3.69%	1.28%	-61.07%	-30.78%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	79	-15	-9.59	-1.35	38	32	14	-115	1.90	-99	3.50
NOPAT Margin	4.75%	-1.98%	-1.20%	-0.16%	4.12%	3.44%	1.30%	-7.70%	0.14%	-4.51%	0.11%
Net Nonoperating Expense Percent (NNEP)	5.13%	-12.56%	-14.01%	174.54%	23.25%	4.47%	1.63%	11.43%	10.48%	19.07%	22.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-4.61%	0.12%
Cost of Revenue to Revenue	87.82%	82.69%	82.06%	84.95%	84.10%	83.87%	86.65%	90.02%	90.64%	89.16%	89.48%
SG&A Expenses to Revenue	7.66%	20.12%	13.81%	12.90%	10.24%	10.82%	11.18%	8.38%	7.92%	4.89%	5.93%
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	6.40%	20.13%	13.79%	12.52%	10.02%	10.77%	10.71%	20.97%	9.17%	17.28%	10.36%
Earnings before Interest and Taxes (EBIT)	96	-29	33	22	-25	39	26	-172	-7.84	-132	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	160	12	76	71	27	96	88	-103	61	48	198
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	1.31	1.11	0.68	1.30	1.18	1.37	0.39	0.34	0.04	0.37
Price to Tangible Book Value (P/TBV)	1.23	1.63	1.38	1.26	2.25	2.05	4.94	1.20	2.04	0.06	2.26
Price to Revenue (P/Rev)	0.39	1.12	0.98	0.42	0.78	0.74	0.68	0.08	0.06	0.04	0.12
Price to Earnings (P/E)	9.96	39.70	99.03	0.00	0.00	31.94	107.05	0.00	0.00	0.00	0.00
Dividend Yield	3.24%	2.55%	2.86%	7.74%	3.18%	3.49%	3.33%	20.14%	0.00%	0.00%	0.00%
Earnings Yield	10.04%	2.52%	1.01%	0.00%	0.00%	3.13%	0.93%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.20	1.81	0.78	1.20	1.12	1.16	0.82	0.84	0.00	0.75
Enterprise Value to Revenue (EV/Rev)	0.54	1.54	1.44	0.74	1.03	0.98	1.28	0.58	0.65	0.00	0.64
Enterprise Value to EBITDA (EV/EBITDA)	5.61	101.96	15.16	8.97	35.02	9.30	15.77	0.00	14.78	0.00	10.30
Enterprise Value to EBIT (EV/EBIT)	9.38	0.00	35.30	28.53	0.00	22.94	53.61	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.34	0.00	0.00	0.00	25.02	28.32	98.96	0.00	472.78	0.00	582.76
Enterprise Value to Operating Cash Flow (EV/OCF)	6.72	37.74	21.58	0.00	9.30	8.20	19.61	0.00	0.00	0.00	19.80
Enterprise Value to Free Cash Flow (EV/FCFF)	7.88	0.00	3.47	0.00	16.92	30.75	0.00	27.98	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.57	0.68	0.76	0.65	0.54	1.45	2.66	3.35	0.00	1.83
Long-Term Debt to Equity	0.53	0.56	0.66	0.74	0.61	0.50	1.36	2.49	3.32	0.00	1.83
Financial Leverage	0.43	0.44	0.18	0.16	0.47	0.41	0.78	1.61	2.69	0.24	0.44
Leverage Ratio	2.33	2.29	2.39	2.46	2.40	2.27	2.83	4.10	5.59	1.82	2.12
Compound Leverage Factor	1.91	3.38	1.43	0.80	3.28	1.88	1.49	4.88	50.66	1.87	14.09
Debt to Total Capital	35.22%	36.30%	40.44%	43.31%	39.29%	35.17%	59.19%	72.66%	77.01%	0.00%	64.72%
Short-Term Debt to Total Capital	0.72%	0.87%	0.95%	1.13%	2.50%	2.81%	3.70%	4.46%	0.64%	0.00%	0.00%
Long-Term Debt to Total Capital	34.50%	35.43%	39.49%	42.18%	36.79%	32.36%	55.49%	68.20%	76.37%	0.00%	64.72%
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	64.78%	63.70%	59.56%	56.69%	60.71%	64.83%	40.81%	27.34%	22.99%	100.00%	35.28%
Debt to EBITDA	2.25	32.40	6.35	5.80	13.17	3.26	8.92	-8.21	14.17	0.00	9.86
Net Debt to EBITDA	1.59	27.57	4.82	3.79	8.55	2.22	7.35	-7.13	13.34	0.00	8.32
Long-Term Debt to EBITDA	2.21	31.62	6.20	5.65	12.33	3.00	8.36	-7.70	14.05	0.00	9.86
Debt to NOPAT	4.55	-24.74	-50.22	-304.73	9.41	9.93	56.00	-7.36	453.18	0.00	557.71
Net Debt to NOPAT	3.22	-21.05	-38.09	-199.13	6.11	6.78	46.15	-6.40	426.70	0.00	470.57
Long-Term Debt to NOPAT	4.46	-24.14	-49.04	-296.74	8.81	9.14	52.49	-6.91	449.41	0.00	557.71
Altman Z-Score	2.88	2.05	1.92	1.99	2.28	2.38	1.65	1.27	1.54	0.88	1.05
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	1.53	1.68	2.02	2.07	1.94	1.72	1.89	2.16	1.94	2.37
Quick Ratio	0.90	0.65	0.65	1.13	1.09	0.95	0.83	0.85	0.79	1.29	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	114	-68	331	-179	57	29	-386	31	-13	-941	-799
Operating Cash Flow to CapEx	177.31%	50.84%	66.08%	-15.39%	402.22%	407.86%	290.06%	-118.18%	-79.82%	282.35%	153.73%
Free Cash Flow to Firm to Interest Expense	6.53	-4.89	24.84	-11.46	5.43	4.14	-31.25	0.92	-0.19	-313.60	-5.66
Operating Cash Flow to Interest Expense	7.66	2.24	4.00	-0.38	9.88	15.52	5.75	-1.23	-0.40	64.00	0.73
Operating Cash Flow Less CapEx to Interest Expense	3.34	-2.17	-2.05	-2.86	7.42	11.72	3.76	-2.27	-0.89	41.33	0.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	0.50	0.49	0.56	0.71	0.71	0.68	0.85	0.86	1.00	0.94
Accounts Receivable Turnover	10.07	4.75	6.07	7.52	7.60	7.41	7.40	8.15	7.56	8.25	7.27
Inventory Turnover	5.90	2.53	3.40	4.75	4.29	3.98	3.95	4.56	4.13	7.00	7.82
Fixed Asset Turnover	2.39	1.03	1.24	1.62	1.70	1.70	1.67	2.08	2.07	2.71	2.64
Accounts Payable Turnover	8.88	3.73	4.73	6.29	6.22	5.97	5.50	6.22	6.68	8.60	8.81
Days Sales Outstanding (DSO)	36.24	76.76	60.10	48.53	48.04	49.24	49.30	44.77	48.29	44.23	50.18
Days Inventory Outstanding (DIO)	61.83	144.06	107.22	76.78	85.11	91.80	92.38	80.06	88.31	52.15	46.66
Days Payable Outstanding (DPO)	41.12	97.73	77.13	58.01	58.66	61.15	66.31	58.68	54.65	42.44	41.44
Cash Conversion Cycle (CCC)	56.95	123.10	90.20	67.30	74.50	79.89	75.37	66.16	81.95	53.94	55.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	924	976	636	814	795	798	1,198	1,052	1,067	1,909	2,711
Invested Capital Turnover	1.77	0.80	0.99	1.20	1.15	1.15	1.09	1.33	1.31	1.47	1.39
Increase / (Decrease) in Invested Capital	-35	53	-340	178	-18	2.49	400	-145	14	842	802
Enterprise Value (EV)	898	1,173	1,149	637	957	894	1,392	859	898	-150	2,040
Market Capitalization	643	856	784	368	723	680	743	125	87	80	393
Book Value per Share	$15.28	$15.01	$16.26	$12.31	$12.59	$13.03	$12.19	$7.10	$5.70	$47.12	$29.89
Tangible Book Value per Share	$12.08	$12.04	$13.02	$6.67	$7.28	$7.48	$3.38	$2.32	$0.95	$28.39	$4.89
Total Capital	1,024	1,026	1,190	951	916	891	1,330	1,163	1,117	2,139	3,016
Total Debt	361	373	481	412	360	314	787	845	860	0.00	1,952
Total Long-Term Debt	353	364	470	401	337	288	738	793	853	0.00	1,952
Net Debt	255	317	365	269	234	214	649	734	810	-230	1,647
Capital Expenditures (CapEx)	75	61	81	39	26	27	24	35	32	68	67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	150	125	133	105	144	145	176	260	282	199	517
Debt-free Net Working Capital (DFNWC)	255	180	249	247	270	245	315	371	333	429	822
Net Working Capital (NWC)	248	171	238	236	247	220	265	319	326	429	822
Net Nonoperating Expense (NNE)	15	-37	-17	176	60	10	7.12	79	81	55	163
Net Nonoperating Obligations (NNO)	261	323	-73	275	239	220	655	734	810	-230	1,647
Total Depreciation and Amortization (D&A)	64	40	43	49	52	57	62	69	69	180	223
Debt-free, Cash-free Net Working Capital to Revenue	9.01%	16.39%	16.60%	12.07%	15.48%	15.83%	16.25%	17.45%	20.39%	9.10%	16.14%
Debt-free Net Working Capital to Revenue	15.32%	23.67%	31.12%	28.54%	29.08%	26.69%	29.01%	24.87%	24.02%	19.62%	25.66%
Net Working Capital to Revenue	14.88%	22.50%	29.71%	27.30%	26.61%	23.96%	24.47%	21.40%	23.50%	19.62%	25.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.49	$0.49	$0.18	($4.06)	($0.49)	$0.48	$0.15	($4.33)	($1.75)	$0.00	($4.47)
Adjusted Weighted Average Basic Shares Outstanding	43.40M	43.56M	43.61M	43.77M	44.13M	44.34M	44.55M	44.83M	45.06M	0.00	35.60M
Adjusted Diluted Earnings per Share	$1.47	$0.49	$0.18	($4.06)	($0.49)	$0.48	$0.15	($4.33)	($1.75)	$0.00	($4.47)
Adjusted Weighted Average Diluted Shares Outstanding	43.94M	44.13M	44.44M	43.77M	44.13M	44.61M	44.92M	44.83M	45.06M	0.00	35.60M
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	43.44M	43.56M	43.69M	44.01M	44.31M	44.37M	44.63M	44.83M	45.15M	0.00	35.60M
Normalized Net Operating Profit after Tax (NOPAT)	62	-15	23	13	37	31	16	17	1.12	43	66
Normalized NOPAT Margin	3.71%	-1.97%	2.89%	1.51%	3.97%	3.41%	1.52%	1.12%	0.08%	1.95%	2.05%
Pre Tax Income Margin	4.71%	-5.59%	2.43%	0.84%	-3.71%	3.53%	1.26%	-13.71%	-5.13%	-6.17%	-5.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.48	-2.09	2.44	1.43	-2.42	5.55	2.10	-5.17	-0.12	-44.00	-0.18
NOPAT to Interest Expense	4.54	-1.09	-0.72	-0.09	3.67	4.50	1.14	-3.46	0.03	-32.90	0.02
EBIT Less CapEx to Interest Expense	1.16	-6.50	-3.61	-1.05	-4.87	1.75	0.12	-6.21	-0.62	-66.67	-0.65
NOPAT Less CapEx to Interest Expense	0.22	-5.50	-6.77	-2.56	1.22	0.69	-0.84	-4.50	-0.47	-55.57	-0.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.66%	100.16%	284.05%	-12.82%	-106.48%	110.30%	352.57%	-9.66%	0.00%	0.00%	-698.74%
Augmented Payout Ratio	31.66%	100.16%	284.05%	-12.82%	-106.48%	110.30%	352.57%	-9.66%	0.00%	0.00%	-698.74%

This table displays calculated financial ratios and metrics derived from Magnera's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
DEI Shares Outstanding	-	-	-	45,397,132.00	45,498,375.00	35,400,000.00	35,600,000.00	35,600,000.00	35,600,000.00	35,900,000.00	35,800,000.00
DEI Adjusted Shares Outstanding	-	-	-	3,492,087.00	3,499,875.00	35,400,000.00	35,600,000.00	35,600,000.00	35,600,000.00	35,900,000.00	35,800,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-51.26	-17.14	-1.16	-0.51	-1.12	-0.96	-0.50	-0.56
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.47%	-7.72%	0.66%	-54.21%	35.26%	47.67%	50.90%	51.44%	12.82%	-3.40%	2.15%
EBITDA Growth	-36.54%	514.73%	-4.96%	-153.35%	-61.76%	-1.59%	18.33%	155.05%	415.38%	20.97%	-1.33%
EBIT Growth	-225.93%	135.37%	-148.94%	-293.93%	-330.00%	-105.00%	-23.53%	103.77%	125.58%	1,900.00%	46.15%
NOPAT Growth	-125.27%	169.57%	11.99%	-296.95%	-83.33%	-82.86%	-54.92%	105.99%	163.64%	325.00%	69.23%
Net Income Growth	-93.96%	55.93%	23.24%	-265.15%	-650.00%	-392.86%	-194.74%	77.65%	43.33%	56.10%	-11.11%
EPS Growth	-93.33%	55.42%	23.26%	0.00%	-576.00%	-361.36%	-185.00%	0.00%	43.79%	56.52%	-9.80%
Operating Cash Flow Growth	-9.31%	157.77%	9.84%	-46.15%	-114.81%	225.00%	0.00%	-40.37%	103.45%	33.85%	0.00%
Free Cash Flow Firm Growth	101.69%	25.54%	150.91%	-2,235.76%	-16,766.11%	-2,917.91%	-12.42%	17.10%	110.46%	110.54%	124.72%
Invested Capital Growth	-1.78%	-4.25%	-0.35%	78.93%	170.12%	169.60%	49.50%	42.01%	-6.30%	-6.19%	-7.57%
Revenue Q/Q Growth	2.15%	0.67%	0.81%	-0.36%	26.71%	17.38%	1.82%	0.00%	-5.60%	0.51%	7.66%
EBITDA Q/Q Growth	-30.59%	61.74%	-22.54%	-281.67%	111.93%	376.92%	14.52%	-15.49%	11.67%	11.94%	-1.33%
EBIT Q/Q Growth	-265.97%	234.03%	-107.21%	-1,035.29%	72.96%	97.67%	1,400.00%	-53.85%	83.33%	63.64%	5.56%
NOPAT Q/Q Growth	-134.87%	572.10%	-59.27%	-679.07%	86.83%	118.18%	225.00%	-23.08%	40.00%	21.43%	29.41%
Net Income Q/Q Growth	-204.03%	38.21%	6.34%	-1,042.11%	66.48%	31.67%	56.10%	-122.22%	15.00%	47.06%	-11.11%
EPS Q/Q Growth	-205.26%	36.21%	10.81%	0.00%	0.00%	31.95%	55.65%	-119.61%	15.18%	47.37%	-12.00%
Operating Cash Flow Q/Q Growth	-304.94%	138.62%	-6.02%	323.68%	-136.02%	212.07%	0.00%	0.00%	-97.92%	4,250.00%	-114.94%
Free Cash Flow Firm Q/Q Growth	261.38%	180.46%	-88.85%	-15.19%	-91.20%	3.78%	46.95%	15.06%	124.13%	-3.08%	24.48%
Invested Capital Q/Q Growth	0.18%	-2.51%	1.03%	0.00%	51.23%	-2.70%	1.60%	-5.01%	-0.22%	-2.59%	0.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.55%	11.17%	10.68%	10.47%	10.11%	10.68%	10.73%	10.49%	12.25%	11.93%	13.07%
EBITDA Margin	4.04%	6.48%	4.98%	-19.68%	1.85%	7.52%	8.46%	7.15%	8.46%	9.42%	8.63%
Operating Margin	-0.47%	2.21%	0.89%	-30.14%	-3.13%	0.49%	1.55%	1.19%	1.77%	2.14%	2.57%
EBIT Margin	-1.09%	1.45%	-0.10%	-28.70%	-6.13%	-0.12%	1.55%	0.72%	1.39%	2.26%	2.22%
Profit (Net Income) Margin	-8.05%	-4.94%	-4.59%	-32.31%	-8.55%	-4.98%	-2.15%	-4.77%	-4.29%	-2.26%	-2.33%
Tax Burden Percent	125.49%	126.76%	82.36%	112.58%	86.96%	102.50%	75.00%	121.21%	117.24%	105.88%	111.11%
Interest Burden Percent	588.12%	-268.38%	5,365.80%	100.00%	160.47%	4,000.00%	-184.62%	-550.00%	-263.64%	-94.44%	-94.74%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.41%	1.90%	0.78%	-31.01%	-2.63%	0.47%	1.33%	1.16%	1.46%	1.79%	2.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.53%	-0.70%	-1.32%	-52.43%	-6.02%	-2.97%	-2.30%	-5.48%	-1.08%	-0.01%	0.03%
Return on Net Nonoperating Assets (RNNOA)	-10.67%	-2.37%	-4.74%	-12.69%	-11.90%	-5.83%	-1.05%	-2.42%	-1.74%	-0.02%	0.05%
Return on Equity (ROE)	-11.08%	-0.47%	-3.97%	-43.71%	-14.53%	-5.37%	0.28%	-1.27%	-0.28%	1.78%	2.20%
Cash Return on Invested Capital (CROIC)	1.48%	5.19%	1.22%	-63.23%	-97.27%	-97.88%	-44.74%	-34.57%	7.54%	7.78%	9.47%
Operating Return on Assets (OROA)	-0.92%	1.23%	-0.09%	-28.72%	-5.27%	-0.11%	1.31%	0.67%	1.16%	1.86%	1.83%
Return on Assets (ROA)	-6.78%	-4.19%	-3.94%	-32.33%	-7.35%	-4.71%	-1.81%	-4.50%	-3.59%	-1.86%	-1.93%
Return on Common Equity (ROCE)	-11.08%	-0.47%	-3.97%	-43.71%	-14.53%	-5.37%	0.28%	-1.27%	-0.28%	1.78%	2.20%
Return on Equity Simple (ROE_SIMPLE)	-41.11%	-34.62%	-32.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.08	5.11	2.08	-117	-15	2.80	9.10	7.00	9.80	12	15
NOPAT Margin	-0.33%	1.55%	0.63%	-21.10%	-2.19%	0.34%	1.08%	0.83%	1.24%	1.50%	1.80%
Net Nonoperating Expense Percent (NNEP)	3.12%	2.60%	2.10%	21.41%	3.40%	3.43%	3.63%	6.63%	2.54%	1.81%	2.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-5.47%	-0.50%	0.09%	0.29%	0.23%	0.33%	0.41%	0.53%
Cost of Revenue to Revenue	89.45%	88.83%	89.32%	89.53%	89.89%	89.32%	89.27%	89.51%	87.75%	88.07%	86.93%
SG&A Expenses to Revenue	11.02%	8.93%	9.79%	4.51%	6.70%	5.70%	5.96%	5.48%	6.31%	6.28%	6.53%
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	11.02%	8.95%	9.79%	40.61%	13.25%	10.19%	9.18%	9.30%	10.48%	9.80%	10.50%
Earnings before Interest and Taxes (EBIT)	-3.57	4.79	-0.35	-159	-43	-1.00	13	6.00	11	18	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	21	17	-109	13	62	71	60	67	75	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.40	0.31	0.40	0.04	0.06	0.59	0.40	0.37	0.52	0.31	0.44
Price to Tangible Book Value (P/TBV)	4.87	16.64	0.00	0.06	0.28	3.19	2.31	2.26	3.40	1.89	2.82
Price to Revenue (P/Rev)	0.07	0.05	0.06	0.04	0.03	0.25	0.15	0.12	0.16	0.10	0.14
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.86	0.88	0.00	0.64	0.84	0.76	0.75	0.81	0.73	0.78
Enterprise Value to Revenue (EV/Rev)	0.70	0.69	0.71	0.00	0.78	0.90	0.74	0.64	0.67	0.59	0.63
Enterprise Value to EBITDA (EV/EBITDA)	17.62	12.67	13.23	0.00	68.34	90.89	0.00	10.30	8.75	7.23	7.84
Enterprise Value to EBIT (EV/EBIT)	0.00	220.91	307.07	0.00	0.00	0.00	0.00	0.00	75.99	39.90	38.32
Enterprise Value to NOPAT (EV/NOPAT)	0.00	100.11	100.77	0.00	0.00	0.00	0.00	582.76	76.79	50.67	46.92
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	131.23	116.81	0.00	11.46	11.47	0.00	19.80	13.52	10.35	12.03
Enterprise Value to Free Cash Flow (EV/FCFF)	58.71	16.27	72.18	0.00	0.00	0.00	0.00	0.00	10.46	9.04	7.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.92	4.23	4.29	0.00	1.80	1.83	1.77	1.83	1.86	1.83	1.87
Long-Term Debt to Equity	3.89	4.19	4.26	0.00	1.80	1.82	1.76	1.83	1.86	1.83	1.87
Financial Leverage	3.02	3.40	3.58	0.24	1.98	1.97	0.46	0.44	1.61	1.55	1.56
Leverage Ratio	5.91	6.36	6.63	1.82	4.15	4.29	2.12	2.12	3.68	3.73	3.70
Compound Leverage Factor	34.77	-17.07	356.00	1.82	6.65	171.46	-3.91	-11.67	-9.70	-3.52	-3.50
Debt to Total Capital	79.68%	80.90%	81.11%	0.00%	64.35%	64.64%	63.87%	64.72%	65.04%	64.64%	65.15%
Short-Term Debt to Total Capital	0.68%	0.79%	0.70%	0.00%	0.26%	0.26%	0.26%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	79.00%	80.11%	80.42%	0.00%	64.09%	64.38%	63.61%	64.72%	65.04%	64.64%	65.15%
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	20.32%	19.10%	18.89%	100.00%	35.65%	35.36%	36.13%	35.28%	34.96%	35.36%	34.85%
Debt to EBITDA	16.48	12.26	12.65	0.00	73.93	76.85	-14.59	9.86	7.66	7.17	7.20
Net Debt to EBITDA	15.92	11.78	12.06	0.00	65.96	66.00	-12.58	8.32	6.62	6.02	6.14
Long-Term Debt to EBITDA	16.34	12.14	12.55	0.00	73.63	76.54	-14.53	9.86	7.66	7.17	7.20
Debt to NOPAT	-252.92	96.89	96.42	0.00	-18.88	-16.99	-16.60	557.71	67.28	50.24	43.11
Net Debt to NOPAT	-244.20	93.11	91.89	0.00	-16.85	-14.59	-14.31	470.57	58.08	42.22	36.76
Long-Term Debt to NOPAT	-250.77	95.94	95.59	0.00	-18.81	-16.92	-16.54	557.71	67.28	50.24	43.11
Altman Z-Score	1.54	1.51	1.48	0.85	0.79	0.99	1.03	1.08	1.15	1.09	1.14
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	2.31	2.21	2.23	1.94	2.45	2.40	2.54	2.37	2.46	2.33	2.45
Quick Ratio	0.83	0.80	0.82	1.29	1.26	1.30	1.36	1.38	1.47	1.39	1.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	18	51	5.73	-959	-1,834	-1,764	-936	-795	192	186	231
Operating Cash Flow to CapEx	-447.66%	227.89%	143.15%	1,006.25%	-362.50%	282.61%	0.00%	640.00%	13.33%	621.43%	-86.67%
Free Cash Flow to Firm to Interest Expense	1.04	2.87	0.31	0.00	-70.52	-45.24	-25.29	-20.38	4.80	5.31	6.25
Operating Cash Flow to Interest Expense	-1.89	0.72	0.66	0.00	-2.23	1.67	0.00	2.46	0.05	2.49	-0.35
Operating Cash Flow Less CapEx to Interest Expense	-2.32	0.41	0.20	0.00	-2.85	1.08	0.00	2.08	-0.33	2.09	-0.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.85	0.86	1.00	0.86	0.95	0.84	0.94	0.84	0.82	0.83
Accounts Receivable Turnover	7.07	7.11	7.67	8.25	7.23	7.87	6.66	7.27	6.41	6.35	6.27
Inventory Turnover	3.89	3.74	3.81	7.00	5.21	5.79	6.58	7.82	5.96	5.91	5.60
Fixed Asset Turnover	2.01	2.00	2.01	2.71	0.00	0.00	2.41	2.64	0.00	0.00	2.29
Accounts Payable Turnover	7.30	7.31	7.60	8.60	9.01	8.79	7.59	8.81	8.90	7.74	7.67
Days Sales Outstanding (DSO)	51.61	51.33	47.57	44.23	50.48	46.39	54.77	50.18	56.96	57.44	58.24
Days Inventory Outstanding (DIO)	93.94	97.48	95.81	52.15	70.06	63.09	55.48	46.66	61.27	61.76	65.19
Days Payable Outstanding (DPO)	50.02	49.95	48.04	42.44	40.53	41.55	48.07	41.44	41.03	47.14	47.58
Cash Conversion Cycle (CCC)	95.54	98.86	95.34	53.94	80.01	67.93	62.18	55.40	77.19	72.06	75.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,069	1,042	1,053	1,909	2,887	2,809	2,854	2,711	2,705	2,635	2,638
Invested Capital Turnover	1.24	1.23	1.24	1.47	1.20	1.37	1.23	1.39	1.18	1.20	1.20
Increase / (Decrease) in Invested Capital	-19	-46	-3.65	842	1,818	1,767	945	802	-182	-174	-216
Enterprise Value (EV)	936	899	928	-150	1,845	2,363	2,172	2,040	2,204	1,915	2,069
Market Capitalization	90	63	82	80	64	647	449	393	537	319	448
Book Value per Share	$4.95	$4.54	$4.55	$47.12	$24.31	$30.88	$31.77	$29.89	$28.91	$28.94	$28.41
Tangible Book Value per Share	$0.41	$0.08	($0.02)	$28.39	$5.06	$5.73	$5.45	$4.89	$4.40	$4.71	$4.44
Total Capital	1,099	1,076	1,094	2,139	3,102	3,091	3,130	3,016	2,969	2,938	2,918
Total Debt	876	870	888	0.00	1,996	1,998	1,999	1,952	1,931	1,899	1,901
Total Long-Term Debt	868	862	880	0.00	1,988	1,990	1,991	1,952	1,931	1,899	1,901
Net Debt	845	836	846	-230	1,781	1,716	1,723	1,647	1,667	1,596	1,621
Capital Expenditures (CapEx)	7.48	5.68	8.49	16	16	23	13	15	15	14	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	309	295	289	199	585	558	632	517	545	499	543
Debt-free Net Working Capital (DFNWC)	339	329	331	429	800	840	908	822	809	802	823
Net Working Capital (NWC)	332	321	323	429	792	832	900	822	809	802	823
Net Nonoperating Expense (NNE)	25	21	17	62	45	44	27	47	44	30	35
Net Nonoperating Obligations (NNO)	845	836	846	-230	1,781	1,716	1,723	1,647	1,667	1,596	1,621
Total Depreciation and Amortization (D&A)	17	17	17	50	56	63	58	54	56	57	55
Debt-free, Cash-free Net Working Capital to Revenue	23.15%	22.60%	22.09%	9.10%	24.68%	21.17%	21.65%	16.14%	16.55%	15.28%	16.53%
Debt-free Net Working Capital to Revenue	25.41%	25.20%	25.27%	19.62%	33.76%	31.87%	31.11%	25.66%	24.56%	24.56%	25.06%
Net Working Capital to Revenue	24.86%	24.55%	24.69%	19.62%	33.42%	31.56%	30.83%	25.66%	24.56%	24.56%	25.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.58)	($0.37)	($0.33)	$0.00	($1.69)	($1.15)	($0.51)	($1.12)	($0.95)	($0.50)	($0.56)
Adjusted Weighted Average Basic Shares Outstanding	45.18M	45.34M	45.44M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M
Adjusted Diluted Earnings per Share	($0.58)	($0.37)	($0.33)	$0.00	($1.69)	($1.15)	($0.51)	($1.12)	($0.95)	($0.50)	($0.56)
Adjusted Weighted Average Diluted Shares Outstanding	45.18M	45.34M	45.44M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($1.12)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.25M	45.40M	45.50M	0.00	35.40M	35.60M	35.60M	35.60M	35.90M	35.80M	35.80M
Normalized Net Operating Profit after Tax (NOPAT)	-1.08	5.16	2.08	-109	7.00	19	19	21	25	23	32
Normalized NOPAT Margin	-0.33%	1.57%	0.63%	-19.58%	1.00%	2.29%	2.25%	2.50%	3.18%	2.90%	3.68%
Pre Tax Income Margin	-6.42%	-3.90%	-5.57%	-28.70%	-9.83%	-4.85%	-2.86%	-3.93%	-3.66%	-2.14%	-2.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.20	0.27	-0.02	0.00	-1.65	-0.03	0.35	0.15	0.28	0.51	0.51
NOPAT to Interest Expense	-0.06	0.29	0.11	0.00	-0.59	0.07	0.25	0.18	0.25	0.34	0.42
EBIT Less CapEx to Interest Expense	-0.62	-0.05	-0.48	0.00	-2.27	-0.62	0.00	-0.23	-0.10	0.11	0.11
NOPAT Less CapEx to Interest Expense	-0.48	-0.03	-0.35	0.00	-1.21	-0.52	-0.11	-0.21	-0.13	-0.06	0.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-539.32%	-425.67%	0.00%	-698.74%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-539.32%	-425.67%	0.00%	-698.74%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Magnera’s latest quarter shows a mixed picture: revenue is holding up, but profitability remains under pressure and leverage is still high. In Q2 2026, the company generated $796 million of revenue, up slightly from Q1 2026 and roughly flat versus the prior year quarter, but it still posted a net loss of $18 million. The balance sheet shows a large debt load, while operating cash flow stayed positive.

Q2 2026 operating cash flow was strong at $87 million, showing the business can still convert earnings into cash despite losses.
Cash and equivalents rose to $303 million at the end of Q2 2026, up from $264 million in Q1 2026.
Revenue in Q2 2026 was $796 million, slightly above Q1 2026’s $792 million and above Q2 2025’s $824 million only modestly lower on a year-over-year basis.
Gross profit held at $95 million in Q2 2026, up slightly from $97 million in Q1 2026 and roughly in line with recent quarters.
Capital spending remained modest at $14 million in Q2 2026, suggesting the company is keeping investment disciplined.
Shares outstanding were stable at about 35.8 million in Q2 2026, so dilution was not a major issue in the latest period.
Magnera still reported a net loss of $18 million in Q2 2026, or -$0.50 per share.
Interest expense remained heavy at $35 million in Q2 2026, which continues to weigh on earnings.
Total debt remains large, with $1.90 billion of long-term debt on the Q2 2026 balance sheet.
The company’s equity base is thin relative to liabilities: $1.04 billion of equity versus $2.86 billion of total liabilities.

Trend over the last several years: Magnera has made clear progress on revenue compared with 2023 and early 2024, but profitability has been volatile and generally weak. Revenue moved from roughly $320 million in Q4 2023 to the high-$700 million range in 2025 and 2026, reflecting a much larger scale after the business changes in that period. However, operating income has often been slim or negative, and net income has frequently been in the red because of restructuring costs, amortization, and especially interest expense.

Margin trend is still the key concern. In the latest quarter, gross margin was about 11.9% ($95 million gross profit on $796 million revenue). That is not terrible, but operating expenses and financing costs consume most of that profit. Even when operating cash flow is positive, the margin structure leaves little room for error.

Balance sheet quality has improved from the very difficult 2024 period, but leverage remains elevated. Magnera exited Q2 2026 with a sizable cash balance, and working capital looks manageable, but the company still carries substantial debt. That means investors should watch debt reduction, interest expense, and any further restructuring closely.

Bottom line: Magnera is showing some stability in sales and cash generation, but it is not yet demonstrating consistent earnings power. For retail investors, the stock’s outlook will likely depend on whether management can keep revenue steady, improve margins, and use operating cash flow to chip away at debt.

08/22/26 05:46 AM ETAI Generated. May Contain Errors.

Magnera Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Magnera's financial year ends in September. Their financial year 2025 ended on September 27, 2025.

Magnera's net income appears to be on an upward trend, with a most recent value of -$159 million in 2025, falling from $64.58 million in 2015. The previous period was -$154 million in 2024. See Magnera's forecast for analyst expectations on what's next for the company.

Magnera's total operating income in 2025 was $5 million, based on the following breakdown:

Total Gross Profit: $337 million
Total Operating Expenses: $332 million

Over the last 10 years, Magnera's total revenue changed from $1.67 billion in 2015 to $3.20 billion in 2025, a change of 92.2%.

Magnera's total liabilities were at $2.93 billion at the end of 2025, a 337.9% increase from 2024, and a 249.4% increase since 2015.

In the past 10 years, Magnera's cash and equivalents has ranged from $50.27 million in 2023 to $305 million in 2025, and is currently $305 million as of their latest financial filing in 2025.

Over the last 10 years, Magnera's book value per share changed from 15.28 in 2015 to 29.89 in 2025, a change of 95.6%.

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Financial statements for NYSE:MAGN last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Magnera (MAGN) Financials

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