Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.3 Its shares trade on NYSE under the symbol GEF.1Wikipedia text CC BY-SA 4.0
Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10111213145$5.4B in 2024+50% since 2017Gross profit15111213145$1.1B in 2024+50% since 2017Operating income15111213145$464.6M in 2024+55% since 2017Net income15111213145$268.8M in 2024+127% since 2017
Revenue16171819$1.1B in Q2 FY2026−23% since Q2 FY2025Gross profit16171819$247.0M in Q2 FY2026−23% since Q2 FY2025Operating income16171819$35.4M in Q2 FY2026−70% since Q2 FY2025Net income16171819$12.6M in Q2 FY2026−73% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9
Period ending
2025-09-30
2024-10-31
2023-10-31
Net sales
$3.9B
$4.4B
$4.2B
Costs of products sold
$3.1B
$3.5B
$3.2B
Gross profit
$871.5M
$899.1M
$928.6M
Selling, general and administrative expenses
$601.9M
$589.9M
$510.3M
Acquisition and integration related costs
$7.1M
$18.5M
$19.0M
Restructuring and other charges
$62.6M
$5.4M
$18.7M
Non-cash asset impairment charges
$37.9M
$2.6M
$20.3M
Gain on disposal of properties, plants and equipment, net
-$7.5M
-$9.1M
-$2.5M
Loss (gain) on disposal of businesses, net
$1.9M
-$46.0M
-$64.0M
Operating profit
$167.6M
$337.8M
$426.8M
Interest expense, net
$56.1M
$46.0M
$15.7M
Non-cash pension settlement charges
$0
$0
$3.5M
Other expense, net
$7.8M
$10.1M
$11.2M
Income (loss) before income tax expense and equity earnings of unconsolidated affiliates, net
$103.7M
$281.7M
$396.4M
Income tax expense
$64.8M
$22.2M
$98.1M
Equity earnings of unconsolidated affiliates, net of tax
$700.0K
-$3.1M
-$2.2M
Net income from continuing operations
$38.2M
$262.6M
$300.5M
Net income from discontinued operations, net tax
$824.9M
$32.9M
$78.6M
Net income
$863.1M
$295.5M
$379.1M
Net income attributable to noncontrolling interests
-$23.1M
-$26.7M
-$19.9M
Net income attributable to Greif, Inc.
$840.0M
$268.8M
$359.2M
Period ending
2025-09-30
2025-07-31
2025-04-30
2025-01-31
2024-10-31
2024-07-31
2024-04-30
2024-01-31
Net sales
$701.3M
$1.1B
$1.1B
$995.8M
$1.1B
$1.2B
$1.1B
$965.5M
Costs of products sold
$541.7M
$877.4M
$841.4M
$801.1M
$879.1M
$920.0M
$874.9M
$781.8M
Gross profit
$159.6M
$257.3M
$259.9M
$194.7M
$227.9M
$244.9M
$242.6M
$183.7M
Selling, general and administrative expenses
$126.0M
$157.0M
$161.8M
$157.1M
$146.3M
$152.8M
$155.9M
$134.9M
Acquisition and integration related costs
$1.7M
$1.2M
$2.0M
$2.2M
$2.4M
$2.0M
$11.5M
$2.6M
Restructuring and other charges
$20.1M
$25.2M
$14.6M
$2.7M
$3.8M
$2.7M
-$6.8M
$5.7M
Non-cash asset impairment charges
$10.1M
$3.4M
$10.7M
$13.7M
$700.0K
$200.0K
$400.0K
$1.3M
Loss (gain) on disposal of businesses, net
$500.0K
$0
$500.0K
$900.0K
$100.0K
-$46.1M
$0
$0
Operating profit
$5.0M
$73.1M
$69.8M
$19.7M
$77.3M
$136.7M
$81.9M
$41.9M
Interest expense, net
$9.8M
$14.5M
$15.6M
$16.2M
$16.6M
$18.8M
$8.2M
$2.4M
Other expense, net
$4.8M
$2.8M
-$200.0K
$400.0K
$600.0K
$800.0K
-$400.0K
$9.1M
Income (loss) before income tax expense and equity earnings of unconsolidated affiliates, net
-$9.6M
$55.8M
$54.4M
$3.1M
$60.1M
$117.1M
$74.1M
$30.4M
Income tax expense
$26.8M
$11.8M
$23.6M
$2.6M
$6.2M
$33.5M
$21.3M
-$38.8M
Equity earnings of unconsolidated affiliates, net of tax
$2.2M
-$700.0K
-$400.0K
-$400.0K
-$1.0M
-$900.0K
-$700.0K
-$500.0K
Net income from continuing operations
-$38.6M
$44.7M
$31.2M
$900.0K
$54.9M
$84.5M
$53.5M
$69.7M
Net income from discontinued operations, net tax
$763.4M
$24.7M
$23.3M
$13.5M
$20.7M
$9.1M
-$1.5M
$4.6M
Net income
$724.8M
$69.4M
$54.5M
$14.4M
$75.6M
$93.6M
$52.0M
$74.3M
Net income attributable to noncontrolling interests
-$4.7M
-$5.4M
-$7.2M
-$5.8M
-$5.5M
-$6.5M
-$7.6M
-$7.1M
Net income attributable to Greif, Inc.
$720.1M
$64.0M
$47.3M
$8.6M
$70.1M
$87.1M
$44.4M
$67.2M
Total assets15111213145$6.6B in 2024+106% since 2017Shareholders’ equity2015111213145$2.1B in 2024+106% since 2017Cash111213145$197.7M in 2024+39% since 2017Long-term debt2015111213145$2.6B in 2024+180% since 2017
Total assets16171819$5.6B in Q2 FY2026−17% since Q2 FY2025Shareholders’ equity16171819$2.9B in Q2 FY2026+38% since Q2 FY2025Cash16171819$286.1M in Q2 FY2026+13% since Q2 FY2025Long-term debt16171819$701.2M in Q2 FY2026−69% since Q2 FY2025
Cash from operations15111213145$356.0M in 2024+17% since 2017Capital spending15$156.8M in 2019+62% since 2017Free cash flow151112$232.7M in 2019+12% since 2017Dividends paid15111213145$121.0M in 2024+23% since 2017Share buybacks2013145$0 in 2024
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-09-30
2024-10-31
2023-10-31
Net income
$863.1M
$295.5M
$379.1M
Depreciation, depletion and amortization
$236.9M
$261.3M
$230.6M
Non-cash asset impairment charges
$37.9M
$2.6M
$20.3M
Non-cash pension settlement charges
$0
$0
$3.5M
Gain on disposals of properties, plants and equipment, net
-$7.5M
-$8.8M
-$2.5M
Gain on disposals of businesses, net
-$1.1B
-$46.0M
-$64.0M
Unrealized foreign exchange loss
$1.8M
$10.0M
$12.7M
Deferred income tax benefit
-$28.3M
-$86.2M
-$28.7M
Non-cash lease expense
$50.8M
$46.6M
$38.0M
Other, net
-$700.0K
$3.1M
$2.2M
Trade accounts receivable
$1.9M
-$43.4M
$130.3M
Inventories
-$10.5M
-$26.4M
$101.0M
Accounts payable
-$43.0M
$18.9M
-$79.8M
Restructuring reserves
$16.8M
-$11.9M
$4.4M
Operating leases
-$54.8M
-$48.1M
-$37.3M
Pension and post-retirement benefit liabilities
-$6.8M
-$11.4M
-$26.9M
Other, net
$95.9M
$200.0K
-$33.4M
Net cash provided by operating activities
$58.6M
$356.0M
$649.5M
Acquisitions of companies, net of cash acquired
-$4.6M
-$568.8M
-$542.4M
Purchases of properties, plants and equipment
-$143.8M
-$186.5M
-$213.6M
Purchases of and investments in timber properties
-$2.6M
-$5.2M
-$6.0M
Proceeds from the sale of properties, plants, equipment and other assets
$29.6M
$14.9M
$8.6M
Proceeds from the sale of businesses
$1.8B
$89.0M
$105.3M
Proceeds from hedging derivatives
$22.5M
$0
$0
Payments for deferred purchase price of acquisitions
-$1.9M
-$1.7M
-$22.1M
Other
$3.6M
$0
$0
Net cash provided by (used in) investing activities
$1.7B
-$658.3M
-$670.2M
Proceeds from issuance of long-term debt
$1.7B
$2.5B
$2.3B
Payments on long-term debt
-$3.2B
-$2.0B
-$2.0B
Payments on short-term borrowings, net
-$6.2M
-$12.3M
-$700.0K
Proceeds from trade accounts receivable credit facility
$469.0M
$348.9M
$180.2M
Payments on trade accounts receivable credit facility
-$560.1M
-$344.4M
-$145.8M
Dividends paid to Greif, Inc. shareholders
-$101.1M
-$121.0M
-$116.5M
Dividends paid to noncontrolling interests
-$22.7M
-$25.7M
-$14.2M
Payments for share repurchases
$0
$0
-$63.9M
Tax withholding payments for stock-based awards
-$7.4M
-$10.6M
-$13.7M
Purchases of redeemable and mandatorily redeemable noncontrolling interest
-$38.7M
$0
-$7.3M
Other, net
-$6.4M
-$7.8M
-$5.4M
Net cash provided by (used in) financing activities
Greif, Inc. sits at the top of its group. 55 entities, 28 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Greif, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
In the U.S., we have 99 principal manufacturing locations in 31 states. Additionally, we have 76 principal manufacturing locations in 21 other countries. Globally, 92 principal manufacturing locations are owned while 83 are leased. A principal manufacturing location means a manufacturing facility located in a country with net sales in excess of 0.5 percent of the Company’s consolidated net sales.
Many of the domestic and international principal manufacturing locations manufacture multiple products across different business segments. Customized Polymer Solutions products are manufactured at 68 principal manufacturing locations; Durable Metal Solutions products are manufactured at 55 principal manufacturing locations; Sustainable Fiber Solutions products are manufactured at 66 principal manufacturing locations; and Integrated Solutions products are manufactured at 31 principal manufacturing locations. We own our global headquarters in Delaware, Ohio, U.S.A.
The rest of Item 2
We believe that our operating locations are in satisfactory condition and adequate to meet our present needs. However, we continue to assess the need for expansion, improvement and consolidation of our properties to support our Build to Last strategy.
The company was founded in Cleveland in 1877 as "Vanderwyst and Greif" by Charles Greif and his partner Albert Vanderwyst. After three brothers from the Greif family joined the company, it was renamed Greif Bros. Company, and focused on cooperage for the transportation of post-Civil War goods. In 1926, the company made its first public offering as The Greif Bros. Cooperage Corporation.
In 1951, the headquarters was moved from Cleveland to its current location in Delaware. In 1955, the company began producing fibre drums, followed by the introduction of plastic drum technology in 1964. Under the leadership of John C. Dempsey, the company transitioned out of the cooperage industry and into industrial packaging, formally dropping the Cooperage from its name in 1969.
By 1980, the company had approximately 100 manufacturing facilities in the United States and Canada. Today, spanning across 250+ facilities in 37 countries.
In the late 1990s, and early 2000s, Greif made a significant number of purchases of packaging and industrial businesses. Most notable among these was its purchase of the industrial packaging business of Finnish company Huhtamaeki Van Leer Oyj in 2000 for $620 million, which doubled the size of the company.
On February 11, 2019, Greif completed the acquisition of Caraustar Industries, a manufacturer of recycled materials and paper products with locations in the United States and Canada. Greif purchased Caraustar for $1.8 billion. In 2022, Greif acquired Lee Container, enhancing its plastic jerrycan production and North American footprint.
In August 2023, it was announced Greif had acquired a 51% stake in the Urbana, OH-headquartered paper partitions supplier, ColePak. Most recently, in 2024, Greif acquired Ipackchem, a global leader in barrier packaging for chemicals and food, further diversifying its product offerings.
Nov 10, 2025Reported quarterly or annual results97
Aug 29, 2025Reported quarterly or annual results99
Jun 9, 2025Reported quarterly or annual results103
Mar 3, 2025Reported quarterly or annual results104
Dec 5, 2024Reported quarterly or annual results105
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
470 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 49 major events, 312 insider forms, 19 large holders, 70 other. The latest 20:
161 open-market trades by officers, directors and large owners since October 2021: 59 buys and 102 sales. Grants, option exercises and gifts are left out.
Nicholas Joseph PetittiSC 13D, 1 filing Mar 1, 2022112
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-KT filed Nov 19, 2025 (Section 12(b) of the Exchange Act).21
Risk factors and legal proceedings
The risks Greif, Inc. names in Item 1A of its 10-KT filed Nov 19, 2025: 24 risks under these headings, as written.21
Risks Related to Market and Economic Factors
Historically, our Business has been Sensitive to Changes in General Economic or Business Conditions.
Our Global Operations Subject us to Political Risks, Instability and Currency Exchange that Could Adversely Affect our Results of Operations.
The Current and Future Challenging Global Economy and Disruption and Volatility of the Financial and Credit Markets may Adversely Affect our Business and our Access to Financing and Could Delay or Otherwise Disrupt our Share Repurchase Plan.
Risks Related to Industry Conditions
The Continuing Consolidation of our Customer Base and Suppliers may Intensify Pricing Pressure.
We Operate in Highly Competitive Industries.
Our Business is Sensitive to Changes in Industry Demands and Customer Preferences.
Raw Material Shortages, Price Fluctuations, Global Supply Chain Disruptions and High Inflation may Adversely Impact our Results of Operations.
Energy and Transportation Price Fluctuations and Shortages may Adversely Impact our Manufacturing Operations and Costs.
Risks Related to our Operations
We may Encounter Difficulties or Liabilities Arising from Acquisitions or Divestitures.
The other 15 risks
We may Incur Additional Rationalization Costs and Product Dispositions and there is no Guarantee that our Efforts to Reduce Costs will be Successful.
Several Operations are Conducted by Joint Ventures that we Cannot Operate Solely for our Benefit.
Certain of the Agreements that Govern our Joint Ventures Provide our Partners With Put or Call Options.
Our Ability to Attract, Develop and Retain Talented and Qualified Employees, Managers and Executives is Critical to our Success.
Our Business may be Adversely Impacted by Work Stoppages and Other Labor Relations Matters.
We may be Subject to Losses that Might not be Covered in Whole or in Part by Existing Insurance Reserves or Insurance Coverage and General Insurance Premium and Deductible Increases.
Our Business Depends on the Uninterrupted Operations of our Facilities, Systems and Business Functions, Including our Information Technology (“IT”) and Other Business Systems.
A Cyber-Attack, Security Breach of Customer, Employee, Supplier or Company Information and Data Privacy Risks and Costs of Compliance with New Regulations may have a Material Adverse Effect on our Business, Financial Condition, Results of Operations and Cash Flows.
Risks Related to Financial Reporting
We Have in the Past Been and in the Future Could be Subject to Changes in our Tax Rates, the Adoption of New U.S. or Foreign Tax Legislation or Exposure to Additional Tax Liabilities.
We have a Significant Amount of Goodwill and Long-lived Assets Which, if Impaired in the Future, Would Adversely Impact our Results of Operations.
Risks Related to Regulatory and Legal Costs
Changing Climate, Global Climate Change Regulations and Greenhouse Gas Effects may Adversely Affect our Operations and Financial Performance.
We may be Unable to Achieve Our Greenhouse Gas Emission Reduction Target by 2030.
Legislation/Regulation Related to Environmental and Health and Safety Matters Could Negatively Impact our Operations and Financial Performance.
Product Liability Claims and Other Legal Proceedings Could Adversely Affect our Operations and Financial Performance.
We may Incur Fines or Penalties, Damage to our Reputation or other Adverse Consequences if our Employees, Agents or Business Partners Violate, or are Alleged to have Violated, Anti-bribery, Competition or Other Laws.
Legal proceedings
We are not a party to any pending legal proceedings that are material to our business or financial condition.
From time to time, we have been a party to legal proceedings arising at the country, state or local level involving environmental sites to which we have shipped, directly or indirectly, small amounts of toxic waste, such as paint solvents. As of the filing date of this Form 10-KT, we have been classified only as a “de minimis” participant in such proceedings. We are not a party to any legal proceedings involving a governmental authority and arising under any federal, state or local provisions that have been enacted or adopted regulating the discharge of materials into the environment or primarily for the purpose of protecting the environment and involving potential monetary sanctions in excess of $300,000, other than as described below.
On February 7, 2023, TPG Plastics (“TPG”), a subsidiary of Ipackchem Group SAS, which we acquired on March 26, 2024, received a letter from the United States Environmental Protection Agency (“U.S. EPA”) informing TPG that the U.S. EPA had determined through testing that certain portable fuel containers (“PFCs”) that were sold between 2018 and 2022 had failed emission testing. TPG also received a letter from The California Air Resources Board (“CARB”), dated November 7, 2023, informing TPG that compliance testing performed by CARB revealed that certain PFCs sold in 2018 to 2022 were noncompliant with California’s PFC performance standards. TPG had already discontinued the manufacture of PFCs that were the subject of the U.S. EPA in and CARB letters before the end of 2022.
We have cooperated with the governmental agencies in these investigations and proceedings. As of the filing date of this Form 10-KT, we expect to pay a penalty of $525,000 to CARB. No other citations have been issued or other fines assessed with respect to any of these proceedings.