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SONSonoco Products Company
$57.00$5.6B
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  4. Financial Ratios

Sonoco Products Company (SON) Financial Ratios

Latest Ratios: P/E Ratio 14.3x · EV/EBITDA 8.2x · ROE 13.4%. (1996–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SON Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$5.6B$4.3B$4.9B$5.5B$6.0B$5.8B$6.0B$6.2B$5.4B$5.4B$5.4B
Enterprise Value$10.1B$8.8B$11.7B$8.6B$9.3B$7.4B$7.4B$8.1B$6.6B$6.6B$6.2B
P/E Ratio →14.3210.9629.6111.6412.86—28.9021.4317.1430.5418.75
P/S Ratio0.750.580.911.021.021.031.141.161.001.061.12
P/B Ratio1.561.202.122.272.893.123.143.443.013.063.40
P/FCF14.3211.0611.0110.6333.25135.1911.7227.1612.7332.3425.29
P/OCF8.156.305.826.2611.7719.318.5014.669.1015.3413.45

P/E links to full P/E history page with 30-year chart

SON EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—1.172.211.581.591.331.421.511.231.301.29
EV / EBITDA8.207.1616.719.2610.6510.1612.0311.459.8410.408.68
EV / EBIT14.188.7549.6313.8016.57—22.5218.0715.0117.6212.43
EV / FCF—22.4626.6016.5751.54174.4314.5635.1815.7339.5429.05

SON Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin20.9%20.9%21.5%22.1%20.9%19.0%20.0%19.7%19.3%19.0%19.8%
Operating Margin9.5%9.5%6.2%10.8%9.6%8.7%6.8%8.7%8.1%8.2%10.6%
Net Profit Margin5.3%5.3%3.1%8.7%8.0%-1.5%4.0%5.4%5.8%3.5%6.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE13.4%13.4%6.9%21.1%23.8%-4.5%11.1%16.2%17.7%10.5%18.3%
ROA3.3%3.3%1.7%6.7%7.7%-1.7%4.0%6.0%6.9%4.1%7.2%
ROIC6.2%6.2%3.3%8.1%9.5%10.6%7.6%10.4%10.9%11.6%15.5%
ROCE8.3%8.3%4.5%10.4%12.7%13.3%9.6%12.9%12.4%12.4%16.2%

SON Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity1.341.343.191.331.701.001.051.100.780.830.67
Debt / EBITDA3.943.9410.413.474.042.523.252.822.062.301.48
Net Debt / Equity—1.233.001.271.590.910.761.020.710.680.50
Net Debt / EBITDA3.633.639.793.323.782.292.342.611.881.891.12
Debt / FCF—11.3915.595.9518.2939.242.838.023.007.203.75
Interest Coverage4.324.321.374.615.56-1.524.416.706.996.509.15

SON Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio1.051.050.791.761.351.091.211.081.401.561.68
Quick Ratio0.600.600.541.240.730.720.910.720.951.091.22
Cash Ratio0.150.150.110.120.130.110.370.100.110.250.32
Asset Turnover—0.670.420.760.831.100.991.051.181.111.22
Inventory Turnover5.305.304.107.024.238.069.308.578.818.6010.29
Days Sales Outstanding—49.5974.5449.9259.9455.6053.1455.1457.5157.2451.05

SON Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield3.7%4.8%4.2%3.6%3.1%3.1%2.9%2.7%3.0%2.9%2.7%
Payout Ratio52.5%52.5%124.1%41.6%40.1%—83.2%58.3%51.5%87.3%51.1%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield7.0%9.1%3.4%8.6%7.8%—3.5%4.7%5.8%3.3%5.3%
FCF Yield7.0%9.0%9.1%9.4%3.0%0.7%8.5%3.7%7.9%3.1%4.0%
Buyback Yield0.2%0.3%0.2%0.2%0.1%3.8%0.1%0.2%0.3%0.1%2.0%
Total Shareholder Yield3.9%5.0%4.4%3.8%3.2%6.9%3.0%2.9%3.3%3.0%4.7%
Shares Outstanding—$100M$99M$99M$99M$100M$101M$101M$101M$101M$102M

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetStrained
Cash FlowDeteriorating
Top Statement Risk

Inorganic integration execution risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Pricing Reflects Integration Uncertainty

Based on current market data, Sonoco's forward P/E of 9.46 suggests investors are pricing in significant execution risk regarding recent acquisitions, as the valuation remains notably lower than peers like AptarGroup, which trades at a forward P/E exceeding 21 times expected earnings.

The discount relative to pure-play consumer packaging peers implies that the market remains skeptical of the company's ability to realize synergies from its recent metal packaging expansion. Investors should monitor whether the current P/FCF of 13.84 represents a value opportunity or a reflection of the company's deteriorating cash flow conversion profile.

Capital Returns Diluted by Acquisitions

As reported in financial statements, Sonoco's ROIC has struggled to maintain momentum, recently dipping to 1.3% in 2026Q1, which indicates that the company's aggressive capital deployment strategy is currently failing to generate returns that exceed its cost of capital.

The persistent decay in ROIC suggests that the integration of large-scale assets is weighing heavily on the company's ability to compound value efficiently. This trend warrants further investigation into whether the current asset base is over-capitalized relative to the actual earnings power of the combined business units.

Working Capital Strains Impact Liquidity

According to recent SEC filings, Sonoco's cash conversion cycle has experienced significant volatility, reaching 19 days in 2026Q1, which highlights the operational friction inherent in managing a complex, newly expanded global manufacturing footprint across diverse packaging segments.

The fluctuation in DSO and DIO suggests that the company is facing challenges in synchronizing its supply chain with the demands of its new metal packaging business. This inefficiency appears to be a primary driver of the recent liquidity tightening, as working capital requirements continue to consume available cash.

Debt Service Capacity Under Pressure

Based on reported figures, Sonoco's interest coverage ratio has declined to 3.24 in 2026Q1, a concerning trend that suggests the company's ability to comfortably service its debt obligations is diminishing following the recent surge in acquisition-related borrowing.

The D/EBITDA ratio of 18.41 indicates that the company's leverage profile is significantly more strained than historical norms would suggest. Investors should monitor whether management can deleverage the balance sheet through organic cash flow or if further asset divestitures will be required to maintain financial flexibility.

Misapplication of Traditional P/E Multiples

The P/E ratio is frequently misapplied to Sonoco because it obscures the massive non-operating charges and restructuring costs that distort net income, making the company appear cheaper or more expensive than its underlying cash-generating capability would otherwise justify.

Analysts should prioritize EV/EBITDA or P/FCF to better capture the company's true operational performance, as these metrics are less sensitive to the accounting noise generated by recent large-scale acquisitions. Relying solely on P/E risks ignoring the significant capital intensity and debt-servicing requirements that define the current business model.

Download Financial Ratios Data

Includes 30+ ratios · 30 years · Updated daily

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SON — Frequently Asked Questions

Quick answers to the most common questions about buying SON stock.

What is Sonoco Products Company's P/E ratio?

Sonoco Products Company's current P/E ratio is 14.3x. The historical average is 18.3x. This places it at the 21th percentile of its historical range.

What is Sonoco Products Company's EV/EBITDA?

Sonoco Products Company's current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.

What is Sonoco Products Company's ROE?

Sonoco Products Company's return on equity (ROE) is 13.4%. The historical average is 14.2%.

Is SON stock overvalued?

Based on historical data, Sonoco Products Company is trading at a P/E of 14.3x. This is at the 21th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is Sonoco Products Company's dividend yield?

Sonoco Products Company's current dividend yield is 3.67% with a payout ratio of 52.5%.

What are Sonoco Products Company's profit margins?

Sonoco Products Company has 20.9% gross margin and 9.5% operating margin.

How much debt does Sonoco Products Company have?

Sonoco Products Company's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.