Filing Flows › Greif (GEF) › Q3 FY26 › vs Q2 FY26
Greif (GEF) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Greif's revenue rose $92.8M (+9%) from $1.1B in Q2 FY26 to $1.2B in Q3 FY26. The biggest changes: Customized Polymer Solutions +$39.0M (+11%); Durable Metal Solutions +$25.2M (+7%); Sustainable Fiber Solutions +$24.7M (+8%). Gross margin 23.4% against 23.0% (+0.4 pts).
Greif, Q3 FY26: revenue $1.2B (+4% year over year), operating margin 9.3%, net earnings $77.8M, operating cash flow $77.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.4% | 23.0% | +0.4 pts |
| Operating margin | 9.3% | 3.3% | +6.0 pts |
| Net margin | 6.7% | 1.2% | +5.5 pts |
| Free cash flow margin | 4.2% | 5.6% | -1.4 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Durable Metal Solutions | $406M | $380M | $25.2M | +7% |
| Customized Polymer Solutions | $384M | $345M | $39.0M | +11% |
| Sustainable Fiber Solutions | $346M | $322M | $24.7M | +8% |
| Innovative Closure Solutions | $29.7M | $25.8M | $3.9M | +15% |
| Revenue | $1.2B | $1.1B | $92.8M | +9% |
| Gross profit | $273M | $247M | $25.6M | +10% |
| Cost of revenue | $893M | $826M | $67.2M | +8% |
| Operating profit | $108M | $35.4M | $72.5M | +205% |
| Operating expenses | $165M | $212M | −$46.9M | -22% |
| Pre-tax earnings | $99.5M | $22.2M | $77.3M | +348% |
| Other expense, net | $8.4M | $13.2M | −$4.8M | -36% |
| SG&A | $150M | $192M | −$42.2M | -22% |
| Other operating costs | $15.2M | $19.9M | −$4.7M | -24% |
| Net earnings | $77.8M | $12.6M | $65.2M | +517% |
| Minority interests | $3.8M | $3.7M | $100K | +3% |
| Income tax | $17.9M | $5.9M | $12.0M | +203% |
| Depreciation & amortization | $57.4M | $57.2M | $200K | +0.3% |
| Working capital & other | $57.4M | −$46.8M | $104M | — |
| Operating cash flow | $77.8M | $117M | −$38.8M | -33% |
| Free cash flow (OCF − capex) | $49.1M | $59.8M | −$10.7M | -18% |
| Capital expenditures | $28.7M | $56.8M | −$28.1M | -49% |
Questions
How much did Greif's revenue grow quarter over quarter in Q3 FY26?
Greif's revenue rose $92.8M (+9%) from $1.1B in Q2 FY26 to $1.2B in Q3 FY26.
What drove Greif's revenue change in Q3 FY26?
Customized Polymer Solutions +$39.0M (+11%); Durable Metal Solutions +$25.2M (+7%); Sustainable Fiber Solutions +$24.7M (+8%).