Silgan Holdings Inc

Silgan Holdings makes rigid packaging for consumer goods: metal cans, caps and dispensers, and plastic containers. Its customers include some of the world's best-known branded consumer products companies, and most sales come under multi-year supply agreements. Silgan runs 121 plants in North America, Europe, Asia and South America and had about $6.5 billion of net sales in fiscal 2025.

Metal containers are the largest segment, with $3.1 billion, or 48.4% of sales. These are steel and aluminum cans for pet food, human food and other products. Silgan says it held more than half of the US market for metal food cans by unit volume in 2025. Dispensing and specialty closures brought in $2.7 billion, or 41.8%. This unit makes dispensers, caps and lids for beauty, food, beverage, health care and home care products. It is the biggest earner, producing 49.8% of segment earnings before interest and taxes (EBIT), compared with 37.7% for metal containers. Custom plastic containers added $637.6 million, or 9.8%.

By region, the United States supplied 67.8% of 2025 sales, Europe 23.8% and other regions 8.4%. Silgan was founded in 1987 and has grown through many acquisitions. The latest was Weener Packaging, a maker of dispensing products, bought in October 2024. The trade-off is thin margins. Packaging is a competitive business, and Silgan's 2025 gross margin, the share of sales left after production costs, was 17.7%.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $1.64B, up 6.8% from a year earlier, and net income was $75.8M (-14.8%).
• For fiscal 2025, revenue was $6.48B (+10.7% year over year; +5.7% a year from FY2020 to FY2025) with a 4.4% net margin.

• Over FY2021–FY2025: $321.9M in buybacks and $381.2M in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +10.8% a year over 5 years (FY2020–FY2025).
• Dividends took 29.7% of earnings and 20.3% of free cash flow in the latest fiscal year.
• Shares outstanding changed -4.3% from Oct 31, 2021 to Jul 31, 2026.

Rank among 1514 US companies

Market value at each year end

Silgan Holdings’s market value went from $3.09B at the end of 2016 to $4.01B on Oct 28, 2026, up 30%; since the end of 2025 it is down 6%.

Form 4 filings from 2025-10-30 to 2026-10-30 (24 read): 2 open-market purchases ($305K) and 0 sales ($0.00).

Large shareholders (13G filings)

ETFs with the most weight in SLGN

1. Customers can put contracts out to bid. Many of Silgan's multi-year supply deals let customers seek competing offers before the contract ends. Silgan can keep the business by matching the offer, which can mean lower prices, or decline and lose those sales.
2. Steel tariffs and raw material costs. Steel makers have merged worldwide, and US tariffs and quotas have raised the cost of imported steel. If Silgan cannot pass higher steel, aluminum or plastic resin costs on to customers, profits suffer.
3. Rules on chemicals in packaging. Silgan removed the chemical BPA from most metal can and closure coatings, at extra cost. Some US states and the EU have moved to restrict PFAS ("forever chemicals") in packaging, which could force costly changes.
4. Losing or shrinking a major customer. Silgan's customers include large consumer-brand companies. Losing one could hurt results. So could customer mergers, inventory cutbacks (called destocking), weather-related events or worse contract terms with a big buyer.
5. Heavy debt load. As of June 30, 2026, total debt was about $4.85 billion. That compares with $352 million of cash and $2.38 billion of shareholder equity, leaving less room for error if profits fall.
6. Fixed plant costs and thin margins. Silgan's 121 plants have fixed costs that do not shrink when sales volumes fall. If factories run below their past capacity levels, margins can fall. The net profit margin was 4.4% in fiscal 2025.

• Oct 29, 2026 Quarterly results released
• Oct 20, 2026 Major agreement signed; Executive or board change
• Oct 19, 2026 Investor presentation or announcement
• Sep 4, 2026 Executive or board change
• Aug 4, 2026 Other company announcement
• Jul 29, 2026 Quarterly results released
• May 29, 2026 Executive or board change; Shareholder vote results
• May 12, 2026 Other company announcement
• Apr 29, 2026 Quarterly results released
• Feb 24, 2026 Other company announcement

Silgan pays a rising dividend. Dividends per share grew from $0.48 in fiscal 2020 to $0.80 in fiscal 2025, about 10.8% a year. The dividend has gone up at least nine years in a row through fiscal 2025. The fiscal 2025 dividend used 29.7% of earnings and 20.3% of free cash flow (cash from operations minus capital spending). The yield was 2.19% as of October 28, 2026. Over fiscal 2021–2025, Silgan paid $381 million in dividends and spent $322 million on buybacks. The share count fell 4.3% from October 2021 to July 2026.

In past market slumps the shares fell hard but recovered within a year. They dropped 29.8% in late 2008 and took about 12 months to recover. In the 2020 COVID crash they fell 21.5% and recovered within a month. Over the 2022 bear market they gained 1.2%, despite a 16.3% dip along the way. They were down 13.4% over the year to October 28, 2026. Single stocks carry more risk than diversified funds.