Filing Flows › Greif (GEF) › Q2 FY26 › vs Q1 FY26
Greif (GEF) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Greif's revenue rose $78.0M (+8%) from $995M in Q1 FY26 to $1.1B in Q2 FY26. The biggest changes: Customized Polymer Solutions +$39.7M (+13%); Durable Metal Solutions +$25.6M (+7%); Sustainable Fiber Solutions +$9.9M (+3%). Gross margin 23.0% against 20.4% (+2.7 pts).
Greif, Q2 FY26: revenue $1.1B (-0.5% year over year), operating margin 3.3%, net earnings $12.6M, operating cash flow $117M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.0% | 20.4% | +2.7 pts |
| Operating margin | 3.3% | 25.8% | -22.5 pts |
| Net margin | 1.2% | 17.6% | -16.4 pts |
| Free cash flow margin | 5.6% | -5.8% | +11.3 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Durable Metal Solutions | $380M | $355M | $25.6M | +7% |
| Customized Polymer Solutions | $345M | $305M | $39.7M | +13% |
| Sustainable Fiber Solutions | $322M | $312M | $9.9M | +3% |
| Innovative Closure Solutions | $25.8M | $23.0M | $2.8M | +12% |
| Revenue | $1.1B | $995M | $78.0M | +8% |
| Gross profit | $247M | $203M | $44.4M | +22% |
| Cost of revenue | $826M | $792M | $33.6M | +4% |
| Operating profit | $35.4M | $257M | −$221M | -86% |
| Operating expenses | $212M | $0 | $212M | — |
| Pre-tax earnings | $22.2M | $240M | −$218M | -91% |
| Other expense, net | $13.2M | $16.8M | −$3.6M | -21% |
| Net earnings | $12.6M | $175M | −$162M | -93% |
| Minority interests | $3.7M | $6.3M | −$2.6M | -41% |
| Income tax | $5.9M | $58.9M | −$53.0M | -90% |
| Depreciation & amortization | $57.2M | $60.3M | −$3.1M | -5% |
| Working capital & other | $46.8M | −$259M | $306M | — |
| Operating cash flow | $117M | −$24.4M | $141M | — |
| Free cash flow (OCF − capex) | $59.8M | −$57.4M | $117M | — |
| Capital expenditures | $56.8M | $33.0M | $23.8M | +72% |
Questions
How much did Greif's revenue grow quarter over quarter in Q2 FY26?
Greif's revenue rose $78.0M (+8%) from $995M in Q1 FY26 to $1.1B in Q2 FY26.
What drove Greif's revenue change in Q2 FY26?
Customized Polymer Solutions +$39.7M (+13%); Durable Metal Solutions +$25.6M (+7%); Sustainable Fiber Solutions +$9.9M (+3%).