United States-based international provider of diversified consumer packaging
Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations.3 It was founded by James Lide Coker.1Wikipedia text CC BY-SA 4.0
Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. The company is headquartered in Hartsville, South Carolina, and is South Carolina's largest corporation in terms of sales.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$7.5B in 2025+40% since 2019Gross profit101112139$1.6B in 2025+49% since 2019Operating income101112139$1.0B in 2025+118% since 2019Net income101112139$1.0B in 2025+244% since 2019
Revenue141516$1.7B in Q1 FY2026−12% since Q2 FY2025Gross profit141516$345.6M in Q1 FY2026−15% since Q2 FY2025Operating income141516$127.1M in Q1 FY2026−28% since Q2 FY2025Net income141516$67.6M in Q1 FY2026−86% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$7.5B
$5.3B
$5.4B
Cost of sales
$5.9B
$4.2B
$4.2B
Gross profit
$1.6B
$1.1B
$1.2B
Selling, general and administrative expenses
$862.2M
$723.8M
$644.5M
Restructuring/Asset impairment charges, net
$66.2M
$65.4M
$47.9M
Gain/(Loss) on divestiture of business and other assets
$371.7M
-$23.5M
$78.9M
Operating profit
$1.0B
$326.6M
$589.0M
Non-operating pension costs
$12.2M
$13.8M
$14.3M
Interest expense
$233.5M
$172.6M
$135.4M
Interest income
$20.5M
$27.6M
$10.0M
Other (expense)/income, net
-$27.5M
-$104.2M
$39.7M
Income from continuing operations before income taxes
$765.1M
$63.5M
$489.0M
Provision for income taxes
$183.6M
$5.5M
$119.7M
Income before equity in earnings of affiliates
$581.5M
$58.0M
$369.3M
Equity in earnings of affiliates, net of tax
$9.5M
$9.6M
$10.3M
Net income from continuing operations
$591.0M
$67.6M
$379.6M
Net income from discontinued operations
$412.3M
$96.4M
$96.3M
Net income
$1.0B
$163.9M
$475.9M
Net (income)/loss from continuing operations attributable to noncontrolling interests
-$375.0K
$180.0K
-$768.0K
Net income from discontinued operations attributable to noncontrolling interests
$0
-$171.0K
-$174.0K
Net income attributable to Sonoco
$1.0B
$163.9M
$475.0M
Basic (in shares)
99.1M shares
98.6M shares
98.3M shares
Assuming exercise of awards (in shares)
447.0K shares
653.0K shares
596.0K shares
Diluted (in shares)
99.6M shares
99.3M shares
98.9M shares
Continuing operations (usd per share)
$6
$1
$4
Discontinued operations (usd per share)
$4
$1
$1
Basic earnings per share attributable to Sonoco (usd per share)
$10.12
$1.66
$4.83
Continuing operations (usd per share)
$6
$1
$4
Discontinued operations (usd per share)
$4
$1
$1
Diluted earnings per share attributable to Sonoco (usd per share)
$10.07
$1.65
$4.80
No quarter-by-quarter statement was filed.
Total assets101112139$11.2B in 2025+118% since 2019Total liabilities139$7.5B in 2025+58% since 2023Shareholders’ equity17101112139$3.6B in 2025+100% since 2019Cash17101112139$378.4M in 2025+160% since 2019Long-term debt12139$3.8B in 2025+39% since 2022
Total assets141516$11.1B in Q1 FY2026−8% since Q2 FY2025Total liabilities141516$7.5B in Q1 FY2026−14% since Q2 FY2025Shareholders’ equity141516$3.6B in Q1 FY2026+10% since Q2 FY2025Cash141516$224.5M in Q1 FY2026−32% since Q2 FY2025Long-term debt141516$3.5B in Q1 FY2026−30% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$378.4M
$431.0M
Trade accounts receivable, net of allowances of $12,512 in 2025 and $10,989 in 2024
$842.8M
$907.5M
Other receivables
$178.8M
$175.9M
Inventories
$1.1B
$1.0B
Prepaid expenses
$125.4M
$197.1M
Current assets of discontinued operations
$0
$450.9M
Total Current Assets
$2.6B
$3.2B
Property, Plant and Equipment, Net
$2.8B
$2.7B
Goodwill
$2.5B
$2.5B
Other Intangible Assets, Net
$2.7B
$2.6B
Deferred Income Taxes
$54.4M
$17.4M
Right of Use Asset-Operating Leases
$307.4M
$307.7M
Other Assets
$161.2M
$208.8M
Noncurrent Assets of Discontinued Operations
$0
$964.3M
Total Assets
$11.2B
$12.5B
Payable to suppliers
$1.1B
$1.1B
Accrued expenses and other payables
$638.8M
$463.5M
Accrued wages and other compensation
$139.0M
$140.9M
Notes payable and current portion of long-term debt
$538.0M
$2.1B
Accrued taxes
$128.8M
$6.8M
Current liabilities of discontinued operations
$0
$242.1M
Total Current Liabilities
$2.5B
$4.0B
Long-term Debt
$3.8B
$5.0B
Noncurrent Operating Lease Liabilities
$263.2M
$258.7M
Pension and Other Postretirement Benefits
$178.0M
$180.8M
Deferred Income Taxes
$557.0M
$583.5M
Other Liabilities
$214.7M
$60.8M
Noncurrent Liabilities of Discontinued Operations
$0
$113.9M
Total Liabilities
$7.5B
$10.2B
Common shares, no par value Authorized 300,000 shares 98,631 and 98,260 shares issued and outstanding as of December 31, 2025 and 2024, respectively
$7.2M
$7.2M
Capital in excess of stated value
$191.9M
$183.2M
Accumulated other comprehensive income/(loss)
$37.2M
-$502.7M
Retained earnings
$3.4B
$2.6B
Total Sonoco Shareholders Equity
$3.6B
$2.3B
Noncontrolling Interests
$18.0M
$14.6M
Total Equity
$3.6B
$2.3B
$2.4B
$2.1B
Total Liabilities and Equity
$11.2B
$12.5B
Allowances for trade accounts receivable
$12.5M
$11.0M
Preferred stock, shares authorized (in shares)
30.0M shares
30.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, shares authorized (in shares)
300.0M shares
300.0M shares
Common stock, shares issued (in shares)
98.6M shares
98.3M shares
Common stock, shares outstanding (in shares)
98.6M shares
98.3M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$378.4M
$431.0M
Trade accounts receivable, net of allowances of $12,512 in 2025 and $10,989 in 2024
$842.8M
$907.5M
Other receivables
$178.8M
$175.9M
Inventories
$1.1B
$1.0B
Prepaid expenses
$125.4M
$197.1M
Current assets of discontinued operations
$0
$450.9M
Total Current Assets
$2.6B
$3.2B
Property, Plant and Equipment, Net
$2.8B
$2.7B
Goodwill
$2.5B
$2.5B
Other Intangible Assets, Net
$2.7B
$2.6B
Deferred Income Taxes
$54.4M
$17.4M
Right of Use Asset-Operating Leases
$307.4M
$307.7M
Other Assets
$161.2M
$208.8M
Noncurrent Assets of Discontinued Operations
$0
$964.3M
Total Assets
$11.2B
$12.5B
Payable to suppliers
$1.1B
$1.1B
Accrued expenses and other payables
$638.8M
$463.5M
Accrued wages and other compensation
$139.0M
$140.9M
Notes payable and current portion of long-term debt
$538.0M
$2.1B
Accrued taxes
$128.8M
$6.8M
Current liabilities of discontinued operations
$0
$242.1M
Total Current Liabilities
$2.5B
$4.0B
Long-term Debt
$3.8B
$5.0B
Noncurrent Operating Lease Liabilities
$263.2M
$258.7M
Pension and Other Postretirement Benefits
$178.0M
$180.8M
Deferred Income Taxes
$557.0M
$583.5M
Other Liabilities
$214.7M
$60.8M
Noncurrent Liabilities of Discontinued Operations
$0
$113.9M
Total Liabilities
$7.5B
$10.2B
Common shares, no par value Authorized 300,000 shares 98,631 and 98,260 shares issued and outstanding as of December 31, 2025 and 2024, respectively
$7.2M
$7.2M
Capital in excess of stated value
$191.9M
$183.2M
Accumulated other comprehensive income/(loss)
$37.2M
-$502.7M
Retained earnings
$3.4B
$2.6B
Total Sonoco Shareholders Equity
$3.6B
$2.3B
Noncontrolling Interests
$18.0M
$14.6M
Total Equity
$3.6B
$2.3B
$2.4B
$2.1B
Total Liabilities and Equity
$11.2B
$12.5B
Allowances for trade accounts receivable
$12.5M
$11.0M
Preferred stock, shares authorized (in shares)
30.0M shares
30.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, shares authorized (in shares)
300.0M shares
300.0M shares
Common stock, shares issued (in shares)
98.6M shares
98.3M shares
Common stock, shares outstanding (in shares)
98.6M shares
98.3M shares
Cash from operations101112139$689.8M in 2025+62% since 2019Capital spending101112139$344.0M in 2025+76% since 2019Free cash flow101112139$345.8M in 2025+50% since 2019Dividends paid101112139$208.1M in 2025+22% since 2019Share buybacks101112139$10.9M in 2025+14% since 2019
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
2025-12-31
2024-12-31
2023-12-31
Net income
$1.0B
$163.9M
$475.9M
Asset impairments
$12.5M
$17.0M
$26.4M
Depreciation and amortization
$519.4M
$374.9M
$341.0M
Share-based compensation expense
$18.0M
$29.7M
$27.8M
Net loss on foreign currency remeasurement
$0
$113.7M
$0
Equity in earnings of affiliates, net of tax
-$9.5M
-$9.6M
-$10.3M
Cash dividends from affiliated companies
$24.8M
$11.9M
$9.4M
Net gain on disposition of assets
-$22.6M
-$55.0K
-$65.9M
Net (gain)/loss on divestiture of business
-$978.4M
$23.5M
-$57.1M
Gain on remeasurement of investment in affiliated companies
$0
-$6.0M
$0
Pension and postretirement plan expense
$17.8M
$17.5M
$17.5M
Pension and postretirement plan contributions
-$22.3M
-$19.6M
-$14.7M
Net decrease in deferred taxes
-$22.8M
-$55.7M
-$12.2M
Trade accounts receivable
$97.9M
$17.8M
$24.9M
Inventories
-$80.9M
-$13.3M
$342.7M
Payable to suppliers
-$87.5M
$123.6M
-$148.8M
Prepaid expenses
$42.4M
-$19.1M
$1.4M
Income taxes payable and other income tax items
$126.0M
-$11.3M
-$28.3M
Accrued expenses and other assets and liabilities
$51.5M
$75.1M
-$46.7M
Net cash provided by operating activities
$689.8M
$833.8M
$882.9M
Purchases of property, plant and equipment
-$344.0M
-$393.2M
-$363.1M
Cash received in final net working capital settlement of acquisition
$16.5M
Cost of acquisitions, net of cash acquired1
-$3.8B
-$372.6M
Proceeds from the sale of business, net
$2.5B
$81.0M
$33.2M
Proceeds from the sale of assets, net
$47.0M
$15.6M
$80.3M
Proceeds from settlement of net investment hedge
$0
$9.1M
Cash settlement of forward contract
$0
-$34.4M
$0
Investments in affiliated companies and other net investing proceeds
$6.5M
$10.0M
$2.8M
Net cash provided/(used) by investing activities
$2.2B
-$4.1B
-$619.3M
Proceeds from issuance of debt
$66.7M
$4.1B
$962.6M
Principal repayment of debt
-$2.8B
-$151.5M
-$1.1B
Net (decrease)/increase in book cash overdrafts
-$3.7M
-$8.7M
$6.4M
Payment of loan financing costs
$0
-$19.0M
$0
Payment of contingent consideration
$0
-$948.0K
$0
Dividends paid to noncontrolling interests
-$243.0K
$0
$0
Cash dividends
-$208.1M
-$203.5M
-$197.4M
Payments for share repurchases
-$10.9M
-$9.2M
-$10.6M
Net cash (used)/provided by financing activities
-$3.0B
$3.7B
-$352.0M
Effects of Exchange Rate Changes on Cash
$36.4M
-$105.6M
$12.9M
(Decrease)/Increase in Cash and Cash Equivalents
-$64.7M
$291.1M
-$75.5M
Non-cash additions to property, plant and equipment
Sonoco sits at the top of its group. 186 entities, 43 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
1 APEI UK Limited, a 100%-owned foreign subsidiary, incorporated in Subsidiary · United Kingdom
10 Conitex Sonoco Suzhou Co. Ltd., a 99.03% owned foreign subsidiary, incorporated in Subsidiary · China
100 Sonoco Holdings UK Limited, a 100%-owned domestic subsidiary, dually incorporated in Delaware and in Subsidiary · United Kingdom
101 Sonoco Holdings, Inc., a 100%-owned domestic subsidiary, incorporated in Subsidiary · Delaware, United States
102 Sonoco Hutchinson, LLC, a 100%-owned domestic subsidiary, incorporated in Subsidiary · Kansas, United States
103 Sonoco Iberia, S.L.U., a 100%-owned foreign subsidiary, incorporated in Subsidiary · Spain
104 Sonoco Industrial Plastics, LLC, a 100%-owned domestic subsidiary, incorporated in Subsidiary · South Carolina, United States
105 Sonoco International Holdings GmbH, a 100%-owned foreign subsidiary, incorporated in Subsidiary · Switzerland
106 Sonoco IPD France SAS, a 100%-owned foreign subsidiary, incorporated in Subsidiary · France
107 Sonoco Italia S.r.l., a 100%-owned foreign subsidiary, incorporated in Subsidiary · Italy
108 Sonoco Limited, a 100%-owned foreign subsidiary, incorporated in Subsidiary · United Kingdom
109 Sonoco Luxembourg S.a.r.l., a 100%-owned foreign subsidiary, incorporated in Subsidiary · Luxembourg
11 Conitex Sonoco Taiwan Ltd., a 99.03% owned foreign subsidiary, incorporated in Subsidiary · Taiwan
110 Sonoco Metal Packaging Holdings, LLC, a 100%-owned domestic subsidiary, incorporated in Subsidiary · Delaware, United States
111 Sonoco Metal Packaging, LLC, a 100%-owned domestic subsidiary, incorporated in Subsidiary · Delaware, United States
112 Sonoco Milnrow, a 100%-owned foreign subsidiary, incorporated in Subsidiary · United Kingdom
113 Sonoco Netherlands Holding II BV, a 100%-owned foreign subsidiary, incorporated in Subsidiary · Netherlands
114 Sonoco Netherlands Holding III BV, a 100%-owned foreign subsidiary, incorporated in Subsidiary · Netherlands
115 Sonoco New Zealand Limited, a 100%-owned foreign subsidiary, incorporated in Subsidiary · New Zealand
116 Sonoco Operadora S. de R.L. de C.V., a 100%-owned foreign subsidiary, incorporated in Subsidiary · Mexico
117 Sonoco Packaging Limited, a 100%-owned foreign subsidiary, incorporated in Subsidiary · United Kingdom
118 Sonoco Paper Mill & IPD Hellas SA, a 100%-owned foreign subsidiary, incorporated in Subsidiary · Greece
119 Sonoco Paperboard Group, LLC, a 100%-owned domestic subsidiary, incorporated in Subsidiary · South Carolina, United States
12 Conitex Sonoco USA, Inc., a 100%-owned domestic subsidiary, incorporated in Subsidiary · North Carolina, United States
and 160 more
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; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sonoco 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.
The Company’s corporate offices are owned and operated in Hartsville, South Carolina. As of December 31, 2025, there were a total of approximately 265 owned and leased facilities used by the Company in 37 countries around the world, including approximately 102 facilities in the Consumer Packaging segment, 158 in the Industrial Paper Packaging segment, and 5 in the All Other group of businesses. Approximately 51% of these facilities are located in North America, primarily the United States, 32% in EMEA, 11% in APAC, and 6% in South America.
The Company believes that its facilities have been well maintained, are generally in good condition and are suitable for the conduct of its business. The Company does not anticipate difficulty in renewing existing leases as they expire or in finding alternative facilities.
Sonoco is the world's largest producer of tubes, cores, and fiber concrete columns under the brand name Sonotube concrete forms and a leading manufacturer of blow-molded plastic containers, consumer and industrial thermoformed plastic packaging, engineered molded and extruded plastic products, rigid paperboard containers, and convenience closures.
Sonoco's operations consist of its consumer packaging businesses, including Global Rigid Paper and Closures, Global Flexibles, and Global Plastics; its Global Services division, which provides high-impact retail displays and packaging supply chain management; its Industrial Converted Products businesses, which manufacture tubes and cores and reels for the wire and cable industry, produces uncoated recycled paperboard globally for Sonoco's fiber-based packaging divisions and external converters, and includes Sonoco Recycling, one of the world's largest recyclers; and its Protective Packaging division, which produces highly engineered, custom-designed protective, temperature-assurance, and retail security packaging.
In September 2023, it was announced Sonoco has completed the acquisition of the US packaging company RTS Packaging from its holding company, WestRock for $330 million.
In December 2024, it was announced that Sonoco entered an agreement to sell its Thermoformed Flexible Packaging business (TFP) to TOPPAN Holdings, for approximately USD 1.8 billion.
Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.92 a share, on Oct 22, 2025.120
When it reported results
Jul 22, 2026Reported quarterly or annual results110
Apr 21, 2026Reported quarterly or annual results112
Feb 17, 2026Reported quarterly or annual results116
Oct 22, 2025Reported quarterly or annual results121
Jul 23, 2025Reported quarterly or annual results122
Apr 29, 2025Reported quarterly or annual results123
Feb 19, 2025Reported quarterly or annual results124
Feb 18, 2025Reported quarterly or annual results125
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
1,103 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 79 major events, 928 insider forms, 17 large holders, 58 other. The latest 20:
36 open-market trades by officers, directors and large owners since October 2021: 14 buys and 22 sales. Grants, option exercises and gifts are left out.
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.
AuditorPricewaterhouseCoopers LLP, Charlotte, North Carolina PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks Sonoco names in Item 1A of its 10-K filed Feb 26, 2026: 1 risk under these headings, as written.18
Risks Related to the Domestic and Global Economies and to Doing Business Globally
Risks Related to Manufacturing Operations
Risks Related to Acquisitions, Divestitures and Joint Ventures
Risks Related to Competition, Customers and Suppliers
Risks Related to Our Products
Risks Related to Climate Change and Environmental, Health and Safety, and Corporate Social Responsibility Laws and Regulations
Risks Related to Financing Activities
Risks Related to Information Technology and Cybersecurity
Risks Related to Accounting, Human Resources, Financial, and Business Matters and Taxation
Legal proceedings
The Company has been named as a potentially responsible party (“PRP”) at several environmentally contaminated sites not owned by the Company. All of the sites are also the responsibility of other parties. The Company’s liability, if any, is shared with such other parties, but the Company’s share has not been finally determined in most cases. In some cases, the Company has cost-sharing agreements with other PRPs relating to the sharing of legal defense costs and cleanup costs for a particular site. The Company has assumed, for accrual purposes, that the other parties to these cost-sharing agreements will perform as agreed. Final resolution of some of the sites is years away, and actual costs to be incurred for these matters in future periods is likely to vary from current estimates because of the inherent uncertainties in evaluating environmental exposures. Accordingly, the ultimate cost to the Company with respect to such sites, beyond what has been accrued as of December 31, 2025, cannot be determined.
As of December 31, 2025 and 2024, the Company had accrued $1.8 million and $7.0 million, respectively, related to environmental contingencies. Of the total amount accrued as of December 31, 2024, $5.1 million was attributable to environmental contingencies at a site in Spartanburg, South Carolina that was part of the Company’s Thermoformed and Flexibles Packaging business and included in the sale of TFP to Toppan on April 1, 2025.
The Company periodically reevaluates the assumptions used in determining the appropriate reserves for environmental matters as additional information becomes available and makes appropriate adjustments when warranted. For further information about legal proceedings, see Note 18 to the Company’s Consolidated Financial Statements under Item 8 of this Annual Report on Form 10-K.