Filing Flows › Greif (GEF) › Q2 FY26 › vs Q2 FY25
Greif (GEF) Q2 FY26 vs Q2 FY25 (year over year)
Greif's revenue fell $5.6M (-0.5%) from $1.1B in Q2 FY25 to $1.1B in Q2 FY26. The biggest changes: Sustainable Fiber Solutions −$38.9M (-11%); Customized Polymer Solutions +$22.3M (+7%); Durable Metal Solutions +$7.5M (+2%). Gross margin 23.0% against 23.0% (-0.0 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 23.0% | 23.0% | -0.0 pts |
| Operating margin | 3.3% | 5.6% | -2.3 pts |
| Net margin | 1.2% | 3.7% | -2.5 pts |
| Free cash flow margin | 5.6% | 7.8% | -2.2 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Durable Metal Solutions | $380M | $373M | $7.5M | +2% |
| Customized Polymer Solutions | $345M | $322M | $22.3M | +7% |
| Sustainable Fiber Solutions | $322M | $361M | −$38.9M | -11% |
| Innovative Closure Solutions | $25.8M | $22.3M | $3.5M | +16% |
| Revenue | $1.1B | $1.1B | −$5.6M | -0.5% |
| Gross profit | $247M | $248M | −$1.5M | -0.6% |
| Cost of revenue | $826M | $830M | −$4.1M | -0.5% |
| Operating profit | $35.4M | $60.7M | −$25.3M | -42% |
| Operating expenses | $212M | $188M | $23.8M | +13% |
| Pre-tax earnings | $22.2M | $66.4M | −$44.2M | -67% |
| Other expense, net | $13.2M | −$5.7M | $18.9M | — |
| SG&A | $192M | $160M | $31.8M | +20% |
| Other operating costs | $19.9M | $27.9M | −$8.0M | -29% |
| Net earnings | $12.6M | $39.9M | −$27.3M | -68% |
| Minority interests | $3.7M | $6.5M | −$2.8M | -43% |
| Income tax | $5.9M | $20.0M | −$14.1M | -70% |
| Depreciation & amortization | $57.2M | $66.4M | −$9.2M | -14% |
| Working capital & other | $46.8M | $16.1M | $30.7M | +191% |
| Operating cash flow | $117M | $122M | −$5.8M | -5% |
| Free cash flow (OCF − capex) | $59.8M | $83.8M | −$24.0M | -29% |
| Capital expenditures | $56.8M | $38.6M | $18.2M | +47% |
Questions
How much did Greif's revenue grow year over year in Q2 FY26?
Greif's revenue fell $5.6M (-0.5%) from $1.1B in Q2 FY25 to $1.1B in Q2 FY26.
What drove Greif's revenue change in Q2 FY26?
Sustainable Fiber Solutions −$38.9M (-11%); Customized Polymer Solutions +$22.3M (+7%); Durable Metal Solutions +$7.5M (+2%).