Reynolds Consumer Products
REYN Nasdaq Household Products Financials FY2018–FY2025
Reynolds Consumer Products' revenue rose 0.7% to $3.7 billion in fiscal 2025. Its net margin was 8.1%, down from 9.5% a year earlier. Free cash flow was $316 million, down 14.4%. It paid out $192 million in dividends and buybacks, 61% of free cash flow.
Revenue
Total sales reported in the income statement.
$3.7B
0.7%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
$301M
14.5%
Free cash flow
Cash from operations minus capital spending.
$316M
14.4%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.9%
1.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$4.9B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
14.7x
On $1.57 EPS (TTM)
What Reynolds Consumer Products does
No business description yet.
- Legal name
- REYNOLDS CONSUMER PRODUCTS INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001628280-26-005284
0001786431
Revenue and margins
Reynolds Consumer Products had $3.7B of revenue in fiscal 2025, up 0.7% on the year before.
FY18
Revenue $3.1B
FY19
Revenue $3.0B
FY20
Revenue $3.3B
FY21
Revenue $3.6B
FY22
Revenue $3.8B
FY23
Revenue $3.8B
FY24
Revenue $3.7B
FY25
Revenue $3.7B
Q2 '23
Revenue $940M
Q3 '23
Revenue $935M
Q4 '23
Revenue $1.0B
Q1 '24
Revenue $833M
Q2 '24
Revenue $930M
Q3 '24
Revenue $910M
Q4 '24
Revenue $1.0B
Q1 '25
Revenue $818M
Q2 '25
Revenue $938M
Q3 '25
Revenue $931M
Q4 '25
Revenue $1.0B
Q1 '26
Revenue $877M
FY18
Gross 26.5%
Operating —
Net 5.6%
FCF 14.3%
FY19
Gross 29.0%
Operating —
Net 7.4%
FCF 9.7%
FY20
Gross 29.8%
Operating —
Net 11.1%
FCF 5.4%
FY21
Gross 22.8%
Operating —
Net 9.1%
FCF 4.8%
FY22
Gross 20.3%
Operating —
Net 6.8%
FCF 2.4%
FY23
Gross 25.1%
Operating —
Net 7.9%
FCF 14.4%
FY24
Gross 26.5%
Operating —
Net 9.5%
FCF 10.0%
FY25
Gross 24.6%
Operating —
Net 8.1%
FCF 8.5%
Gross
Operating
Net
FCF
Q2 '23
Gross 24.3%
Operating —
Net 7.0%
FCF 9.6%
Q3 '23
Gross 26.6%
Operating —
Net 8.3%
FCF 20.3%
Q4 '23
Gross 30.7%
Operating —
Net 13.6%
FCF 19.3%
Q1 '24
Gross 24.1%
Operating —
Net 5.9%
FCF 8.4%
Q2 '24
Gross 27.5%
Operating —
Net 10.4%
FCF 7.0%
Q3 '24
Gross 26.3%
Operating —
Net 9.5%
FCF 10.2%
Q4 '24
Gross 27.5%
Operating —
Net 11.9%
FCF 13.8%
Q1 '25
Gross 23.1%
Operating —
Net 3.8%
FCF 2.1%
Q2 '25
Gross 24.1%
Operating —
Net 7.8%
FCF 5.4%
Q3 '25
Gross 25.0%
Operating —
Net 8.5%
FCF 5.2%
Q4 '25
Gross 25.7%
Operating —
Net 11.3%
FCF 19.3%
Q1 '26
Gross 23.6%
Operating —
Net 6.7%
FCF 3.1%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2018 to 2025, diluted EPS grew 3.4% a year. Loss periods are shown in red.
FY18
Net income $176M
FY19
Net income $225M
FY20
Net income $363M
FY21
Net income $324M
FY22
Net income $258M
FY23
Net income $298M
FY24
Net income $352M
FY25
Net income $301M
Q2 '23
Net income $66.0M
Q3 '23
Net income $78.0M
Q4 '23
Net income $137M
Q1 '24
Net income $49.0M
Q2 '24
Net income $97.0M
Q3 '24
Net income $86.0M
Q4 '24
Net income $121M
Q1 '25
Net income $31.0M
Q2 '25
Net income $73.0M
Q3 '25
Net income $79.0M
Q4 '25
Net income $117M
Q1 '26
Net income $59.0M
FY18
Diluted EPS $1.13
FY19
Diluted EPS $1.45
FY20
Diluted EPS $1.77
FY21
Diluted EPS $1.54
FY22
Diluted EPS $1.23
FY23
Diluted EPS $1.42
FY24
Diluted EPS $1.67
FY25
Diluted EPS $1.43
Q2 '23
Diluted EPS $0.32
Q3 '23
Diluted EPS $0.37
Q4 '23
Diluted EPS $0.65
Q1 '24
Diluted EPS $0.23
Q2 '24
Diluted EPS $0.46
Q3 '24
Diluted EPS $0.41
Q4 '24
Diluted EPS $0.57
Q1 '25
Diluted EPS $0.15
Q2 '25
Diluted EPS $0.35
Q3 '25
Diluted EPS $0.38
Q4 '25
Diluted EPS $0.56
Q1 '26
Diluted EPS $0.28
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY18
Return on capital —
Return on equity —
Return on assets —
FY19
Return on capital —
Return on equity —
Return on assets 4.3%
FY20
Return on capital 17.8%
Return on equity 91.1%
Return on assets 8.2%
FY21
Return on capital 10.0%
Return on equity 19.2%
Return on assets 6.8%
FY22
Return on capital 8.3%
Return on equity 14.2%
Return on assets 5.3%
FY23
Return on capital 10.2%
Return on equity 15.5%
Return on assets 6.1%
FY24
Return on capital 11.6%
Return on equity 17.1%
Return on assets 7.3%
FY25
Return on capital 9.9%
Return on equity 13.7%
Return on assets 6.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $316M in fiscal 2025, 8.5% of revenue. Cash from operations minus capital spending.
FY18
Free cash flow $448M
FY19
Free cash flow $294M
FY20
Free cash flow $176M
FY21
Free cash flow $169M
FY22
Free cash flow $91.0M
FY23
Free cash flow $540M
FY24
Free cash flow $369M
FY25
Free cash flow $316M
Q2 '23
Free cash flow $90.0M
Q3 '23
Free cash flow $190M
Q4 '23
Free cash flow $194M
Q1 '24
Free cash flow $70.0M
Q2 '24
Free cash flow $65.0M
Q3 '24
Free cash flow $93.0M
Q4 '24
Free cash flow $141M
Q1 '25
Free cash flow $17.0M
Q2 '25
Free cash flow $51.0M
Q3 '25
Free cash flow $48.0M
Q4 '25
Free cash flow $200M
Q1 '26
Free cash flow $27.0M
FY18
Cash from operations $530M
Capital spending $82.0M
FY19
Cash from operations $403M
Capital spending $109M
FY20
Cash from operations $319M
Capital spending $143M
FY21
Cash from operations $310M
Capital spending $141M
FY22
Cash from operations $219M
Capital spending $128M
FY23
Cash from operations $644M
Capital spending $104M
FY24
Cash from operations $489M
Capital spending $120M
FY25
Cash from operations $477M
Capital spending $161M
Cash from operations
Capital spending
Q2 '23
Cash from operations $119M
Capital spending $29.0M
Q3 '23
Cash from operations $216M
Capital spending $26.0M
Q4 '23
Cash from operations $221M
Capital spending $27.0M
Q1 '24
Cash from operations $99.0M
Capital spending $29.0M
Q2 '24
Cash from operations $84.0M
Capital spending $19.0M
Q3 '24
Cash from operations $124M
Capital spending $31.0M
Q4 '24
Cash from operations $182M
Capital spending $41.0M
Q1 '25
Cash from operations $56.0M
Capital spending $39.0M
Q2 '25
Cash from operations $91.0M
Capital spending $40.0M
Q3 '25
Cash from operations $93.0M
Capital spending $45.0M
Q4 '25
Cash from operations $237M
Capital spending $37.0M
Q1 '26
Cash from operations $71.0M
Capital spending $44.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Reynolds Consumer Products returned $192M to shareholders in fiscal 2025, 61% of free cash flow. The diluted share count rose 0.0%.
FY18
Dividends $0.0M
Buybacks $0.0M
FY19
Dividends $0.0M
Buybacks $0.0M
FY20
Dividends $124M
Buybacks $0.0M
FY21
Dividends $192M
Buybacks $0.0M
FY22
Dividends $192M
Buybacks $0.0M
FY23
Dividends $192M
Buybacks $0.0M
FY24
Dividends $192M
Buybacks $0.0M
FY25
Dividends $192M
Buybacks $0.0M
Dividends
Buybacks
Q2 '23
Dividends $48.0M
Buybacks $0.0M
Q3 '23
Dividends $48.0M
Buybacks $0.0M
Q4 '23
Dividends $48.0M
Buybacks $0.0M
Q1 '24
Dividends $48.0M
Buybacks $0.0M
Q2 '24
Dividends $48.0M
Buybacks $0.0M
Q3 '24
Dividends $48.0M
Buybacks $0.0M
Q4 '24
Dividends $48.0M
Buybacks $0.0M
Q1 '25
Dividends $48.0M
Buybacks $0.0M
Q2 '25
Dividends $48.0M
Buybacks $0.0M
Q3 '25
Dividends $48.0M
Buybacks $0.0M
Q4 '25
Dividends $48.0M
Buybacks $0.0M
Q1 '26
Dividends $48.0M
Buybacks $0.0M
Dividends
Buybacks
FY18
Diluted shares 0.16B
FY19
Diluted shares 0.16B
FY20
Diluted shares 0.20B
FY21
Diluted shares 0.21B
FY22
Diluted shares 0.21B
FY23
Diluted shares 0.21B
FY24
Diluted shares 0.21B
FY25
Diluted shares 0.21B
Value Reynolds Consumer Products yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$1.5B and divides by 210.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 14.7x · peers 21.0x · sector 24.7x.
Balance sheet
Cash, debt and the ratios that show how comfortably Reynolds Consumer Products can carry it.
FY18
Cash —
Debt —
FY19
Cash $102M
Debt $2.0B
FY20
Cash $312M
Debt $2.2B
FY21
Cash $164M
Debt $2.1B
FY22
Cash $38.0M
Debt $2.1B
FY23
Cash $115M
Debt $1.8B
FY24
Cash $137M
Debt $1.7B
FY25
Cash $147M
Debt $1.6B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $164M | $38.0M | $115M | $137M | $147M |
| Debt incl. finance leases | $2.1B | $2.1B | $1.8B | $1.7B | $1.6B |
| Net debt / EBITDA | 3.3x | 3.9x | 2.7x | 2.3x | 2.4x |
| Debt / equity | 1.2x | 1.1x | 0.9x | 0.8x | 0.7x |
| Interest coverage | 10.0x | 5.5x | 4.3x | 5.6x | 5.6x |
| Current ratio | 2.3x | 2.4x | 2.2x | 2.0x | 1.9x |
| Quick ratio | 1.1x | 0.9x | 1.1x | 1.0x | 0.9x |
| Total assets | $4.8B | $4.9B | $4.8B | $4.9B | $4.9B |
| Total liabilities | $3.1B | $3.1B | $2.8B | $2.7B | $2.7B |
| Shareholders' equity | $1.8B | $1.9B | $2.0B | $2.1B | $2.3B |
| Net debt (− = net cash) | $1.9B | $2.1B | $1.7B | $1.6B | $1.5B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.1M
1 insider
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 18, 2026 | Rolf StanglDirector | Bought | 4,705 | $21.06 | $0.1M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✓ | ✓ |
| Current ratio rose | ✕ | ✕ | ✕ |
| Share count didn't rise | ✕ | ✕ | ✓ |
| Gross margin rose | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | ✕ | ✓ | ✕ |
| F-score | 6 / 9 | 7 / 9 | 5 / 9 |
| Accruals ratio | −7.1% | −2.8% | −3.6% |
| Altman Z'' | 2.60 | 2.80 | 2.78 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Reynolds Consumer Products REYN | $4.9B | 0.7% | — | 8.5% | 9.9% | 14.7x | 5 | |
| Central Garden & Pet CENT | $2.8B | −2.2% | 8.0% | 9.3% | 9.7% | 16.8x | 8 | Compare → |
| Energizer ENR | $1.6B | 2.3% | — | 2.1% | 11.1% | — | 7 | Compare → |
| Spectrum Brands SPB | $1.8B | −5.2% | 4.5% | 5.9% | 5.3% | 25.2x | 6 | Compare → |
| Church & Dwight CHD | $25.1B | 1.6% | 17.4% | 17.6% | 14.6% | 33.7x | 6 | Compare → |
8 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $3.1B | $3.0B | $3.3B | $3.6B | $3.8B | $3.8B | $3.7B | $3.7B |
| Gross profit | $832M | $880M | $973M | $811M | $776M | $942M | $978M | $914M |
| Research and development | $29.0M | $33.0M | $41.0M | $36.0M | $38.0M | $44.0M | $45.0M | $48.0M |
| Interest expense | $280M | $209M | $70.0M | $48.0M | $76.0M | $119M | $98.0M | $86.0M |
| Pretax income | $233M | $301M | $516M | $430M | $338M | $393M | $451M | $393M |
| Income tax | $57.0M | $76.0M | $153M | $106M | $80.0M | $95.0M | $99.0M | $92.0M |
| Net income | $176M | $225M | $363M | $324M | $258M | $298M | $352M | $301M |
| Diluted EPS | $1.13 | $1.45 | $1.77 | $1.54 | $1.23 | $1.42 | $1.67 | $1.43 |
| Diluted shares | 0.16B | 0.16B | 0.20B | 0.21B | 0.21B | 0.21B | 0.21B | 0.21B |
| Cash flow | ||||||||
| Cash from operations | $530M | $403M | $319M | $310M | $219M | $644M | $489M | $477M |
| Capital expenditure | $82.0M | $109M | $143M | $141M | $128M | $104M | $120M | $161M |
| Free cash flow | $448M | $294M | $176M | $169M | $91.0M | $540M | $369M | $316M |
| Depreciation and amortization | $87.0M | $91.0M | $99.0M | $109M | $117M | $124M | $129M | $135M |
| Stock-based compensation | — | — | $5.0M | $4.0M | $5.0M | $14.0M | $19.0M | $21.0M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $6.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $124M | $192M | $192M | $192M | $192M | $192M |
| Dividends and buybacks | $0.0M | $0.0M | $124M | $192M | $192M | $192M | $192M | $192M |
| Balance sheet | ||||||||
| Cash and short-term investments | — | $102M | $312M | $164M | $38.0M | $115M | $137M | $147M |
| Total debt | — | $2.0B | $2.2B | $2.1B | $2.1B | $1.8B | $1.7B | $1.6B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $12.0M | $16.0M | $15.0M | $14.0M |
| Current assets | — | $570M | $1.1B | $1.1B | $1.2B | $1.0B | $1.1B | $1.1B |
| Current liabilities | — | $378M | $432M | $484M | $496M | $478M | $539M | $577M |
| Inventory | $0.0M | $418M | $419M | $583M | $722M | $524M | $567M | $584M |
| Property and equipment, net | — | $537M | $612M | $677M | $722M | $732M | $758M | $823M |
| Total assets | $6.4B | $4.2B | $4.7B | $4.8B | $4.9B | $4.8B | $4.9B | $4.9B |
| Total liabilities | — | $5.0B | $3.1B | $3.1B | $3.1B | $2.8B | $2.7B | $2.7B |
| Shareholders' equity | −$1.0B | −$818M | $1.6B | $1.8B | $1.9B | $2.0B | $2.1B | $2.3B |
| Margins | ||||||||
| Gross margin | 26.5% | 29.0% | 29.8% | 22.8% | 20.3% | 25.1% | 26.5% | 24.6% |
| EBITDA margin | 19.1% | 19.8% | 21.0% | 16.5% | 13.9% | 16.9% | 18.4% | 16.5% |
| Net margin | 5.6% | 7.4% | 11.1% | 9.1% | 6.8% | 7.9% | 9.5% | 8.1% |
| FCF margin | 14.3% | 9.7% | 5.4% | 4.8% | 2.4% | 14.4% | 10.0% | 8.5% |
| Returns | ||||||||
| Return on capital | — | — | 17.8% | 10.0% | 8.3% | 10.2% | 11.6% | 9.9% |
| Return on capital employed | — | — | 14.5% | 11.1% | 9.5% | 11.7% | 12.7% | 11.0% |
| Return on equity | — | — | 91.1% | 19.2% | 14.2% | 15.5% | 17.1% | 13.7% |
| Return on assets | — | 4.3% | 8.2% | 6.8% | 5.3% | 6.1% | 7.3% | 6.1% |
| Growth | ||||||||
| Revenue growth | — | −3.5% | 7.6% | 9.0% | 7.3% | −1.6% | −1.6% | 0.7% |
| Net income growth | — | 27.8% | 61.3% | −10.7% | −20.4% | 15.5% | 18.1% | −14.5% |
| EPS growth | — | 28.3% | 22.1% | −13.0% | −20.1% | 15.5% | 17.6% | −14.4% |
| FCF growth | — | −34.4% | −40.1% | −4.0% | −46.2% | 493.4% | −31.7% | −14.4% |
| Share count change | — | 0.0% | 31.5% | 2.6% | 0.1% | 0.1% | 0.2% | 0.0% |
| Financial health | ||||||||
| Net debt / EBITDA | — | 3.2x | 2.8x | 3.3x | 3.9x | 2.7x | 2.3x | 2.4x |
| Debt / equity | — | — | 1.4x | 1.2x | 1.1x | 0.9x | 0.8x | 0.7x |
| Interest coverage | 1.8x | 2.4x | 8.4x | 10.0x | 5.5x | 4.3x | 5.6x | 5.6x |
| Current ratio | — | 1.5x | 2.4x | 2.3x | 2.4x | 2.2x | 2.0x | 1.9x |
| Quick ratio | — | 0.4x | 1.5x | 1.1x | 0.9x | 1.1x | 1.0x | 0.9x |
| Capital allocation | ||||||||
| Capex / revenue | 2.6% | 3.6% | 4.4% | 4.0% | 3.4% | 2.8% | 3.3% | 4.3% |
| Stock comp / revenue | — | — | 0.2% | 0.1% | 0.1% | 0.4% | 0.5% | 0.6% |
| Payouts / FCF | 0.0% | 0.0% | 70.5% | 113.6% | 211.0% | 35.6% | 52.0% | 60.8% |
| Quality scores | ||||||||
| Piotroski F-score | — | — | 6.0 | 3.0 | 5.0 | 6.0 | 7.0 | 5.0 |
| Altman Z'' | — | — | 2.4 | 2.4 | 2.4 | 2.6 | 2.8 | 2.8 |
| Accruals ratio | — | −3.4% | 1.0% | 0.3% | 0.8% | −7.1% | −2.8% | −3.6% |
Source: SEC EDGAR XBRL filings (CIK 0001786431). Data updated October 20, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.