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Silgan Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$265M in Q3 2026 · $347M over twelve months

Operating cash flow$347M
Capital spending−$82.8M
Free cash flow+$265M
Cash / net income3.3×
Cash conversion cycle80 days

Analysis

In Q3 2026, Silgan Holdings generated $347M of operating cash flow and spent $82.8M on capital projects, leaving free cash flow of $265M. That is $3.9M more than in Q3 2025 ($261M).

Over the twelve months to Sep 30, 2026, operating cash flow was $647M; the largest uses were net borrowing (+) / repaid (−) ($310M), capital spending ($301M), dividends ($88.3M); besides operations, cash came from asset & business sales ($5.0M), other investing ($1.6M); the cash balance fell by $64.2M.

Operating cash flow was $347M against net income of $105M — 3.3× profit, cash ran ahead of reported earnings. The largest differences: inventory +$313M, receivables −$176M, depreciation & amortization +$83.8M.

Its cash conversion cycle was 80 days (receivables 69 + inventory 58 − payables 48).

Free cash flow

Silgan Holdings: free cash flow by quarterSilgan Holdings: free cash flow by quarter$865MQ4 2024−$766MQ1 2025−$294MQ2 2025$261MQ3 2025$1.2BQ4 2025−$882MQ1 2026−$259MQ2 2026$265MQ3 2026
Operating cash flow less capital spending.
Silgan Holdings: operating cash flow against capital spendingSilgan Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$936M$70.8MQ4 2024−$683M$82.9MQ1 2025−$221M$72.8MQ2 2025$341M$80.1MQ3 2025$1.3B$71.3MQ4 2025−$800M$82.4MQ1 2026−$194M$64.2MQ2 2026$347M$82.8MQ3 2026
Latest (Q3 2026): Operating cash flow $347M, Capital spending $82.8M.

Capital allocation, year by year

Silgan Holdings: where the cash came from (up) and went (down), by fiscal yearSilgan Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $557MFY2021: Net borrowing $589MFY2021: Capital spending −$232MFY2021: Acquisitions −$746MFY2021: Buybacks −$8.6MFY2021: Dividends −$62.5M$1.1BFY2021FY2022: Operating cash flow $748MFY2022: Net borrowing −$288MFY2022: Capital spending −$216MFY2022: Acquisitions −$2.5MFY2022: Buybacks −$45.1MFY2022: Dividends −$71.9M$748MFY2022FY2023: Operating cash flow $483MFY2023: Net borrowing −$47.6MFY2023: Asset sales $1.8MFY2023: Capital spending −$227MFY2023: Buybacks −$184MFY2023: Dividends −$78.9M$484MFY2023FY2024: Operating cash flow $722MFY2024: Net borrowing $838MFY2024: Asset sales $7.8MFY2024: Capital spending −$263MFY2024: Acquisitions −$922MFY2024: Buybacks −$9.3MFY2024: Dividends −$82.1M$1.6BFY2024FY2025: Operating cash flow $730MFY2025: Net borrowing −$50.2MFY2025: Asset sales $10.0MFY2025: Capital spending −$307MFY2025: Buybacks −$74.9MFY2025: Dividends −$85.8M$740MFY2025
Over these 5 years operating cash flow totalled $3.2B; the largest uses were acquisitions ($1.7B) and capital spending ($1.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$325M
Debt$4.5B
Net debt$4.2B
Due within a year$628M

Silgan Holdings funds itself: free cash flow was $347M over the last twelve months, and $325M of cash and investments stands against $4.5B of debt ($628M due within a year, 0.5× covered by cash).

Silgan Holdings: debt maturities by year (FY2025)Silgan Holdings: debt maturities by year (FY2025)$628MYear 1$194MYear 2$1.4BYear 3$192MYear 4$1.2BYear 5
Principal due in each year as disclosed in the annual report, against $325M of cash and investments now.

Where the cash came from and went

Silgan Holdings: sources (+) and uses (−) of cash, Q3 2026Silgan Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$347MNet borrowing (+) / repaid (−)−$268MCapital spending−$82.8MCash drawn (+) / kept (−)$26.5MDividends−$22.2MExchange rates−$1.3MAsset & business sales$370KOther investing−$103K
Silgan Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Silgan Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$647MNet borrowing (+) / repaid (−)−$310MCapital spending−$301MDividends−$88.3MCash drawn (+) / kept (−)$64.2MBuybacks−$16.6MAsset & business sales$5.0MOther financing−$2.1MOther investing$1.6MExchange rates−$56K

From profit to cash

Silgan Holdings: net income to operating cash flow, Q3 2026Silgan Holdings: net income to operating cash flow, Q3 2026Net income$105MDepreciation & amortization$83.8MStock-based pay$4.6MReceivables−$176MInventory$313MPayables$23KAccrued liabilities−$38.9MOther operating capital$37.8MOperating cash flow$347M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202669584880
Q2 202672805894
Q1 202650777255
Q4 202566808065
Q3 202563624481
Q2 202567855597
Q1 202549757054
Q4 202459677056

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$347M−$82.8M—−$22.2M−$268M$26.5M$265M
Q2 2026−$194M−$64.2M—−$22.2M$194M$83.9M−$259M
Q1 2026−$800M−$82.4M−$7.8M−$22.8M$363M$645M−$882M
Q4 2025$1.3B−$71.3M−$8.7M−$21.0M−$600M−$691M$1.2B
Q3 2025$341M−$80.1M−$59.3M−$21.4M−$803M−$71.7M$261M
Q2 2025−$221M−$72.8M—−$21.4M$252M$35.6M−$294M
Q1 2025−$683M−$82.9M−$6.9M−$21.9M$397M$470M−$766M
Q4 2024$936M−$70.8M−$1.6M−$20.3M$474M−$454M$865M

Silgan Holdings: income statement and cash flow

Silgan Holdings, Q3 2026: revenue $2.0B (+2% year over year), operating margin 7.1%. The chart follows the revenue to costs, profit and cash.

Silgan Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.