Sonoco Products Company
SONNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $49.79 Prior regular-session close from the quote source.
- $49.13–$49.79 Regular-session low and high so far today.
- 972.9K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Feb 16 projected Projected for 2027-02-16 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $39.27–$60.67 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own SON if that integration and pricing power exceed the low expectations already priced in.
SON price history
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Investment thesis
What must happen next
Sonoco’s portfolio transformation (Eviosys buy + TFP/ThermoSafe sales) will sustainably raise margins by shifting revenue mix toward higher-margin metal and engineered consumer packaging and removing lower-return businesses.StrengtheningMateriality: High
operating_income rose from 326,578,000 (FY2024) to 1,017,735,000 (FY2025). If true, operating margin and free-cash generation should remain above historical pre-transformation levels and justify a multiple expansion; if false, the 2025 margin gains will revert and capital returns will be constrained.
Watch: Failure to integrate Eviosys operations causing lost synergies, production disruption or customer churn.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_income rose from 326,578,000 (FY2024) to 1,017,735,000 (FY2025).
Open source ↗The Eviosys acquisition secures global customer relationships and product breadth that provide pricing power and organic growth opportunities in metal packaging, supporting revenue durability and higher gross margins.HoldingMateriality: High
revenue increased from 5,305,365,000 (FY2024) to 7,518,753,000 (FY2025) coincident with the Eviosys acquisition and portfolio changes. If Eviosys gives Sonoco differentiated, sustainable share with strategic customers, revenue and gross margin will be steadier and less cyclical; if customers defect or competition matches capabilities, revenue will weaken and margin gains disappear.
Watch: Competitors or large customers vertically integrating into metal packaging, reducing Sonoco’s addressable market.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
revenue increased from 5,305,365,000 (FY2024) to 7,518,753,000 (FY2025) coincident with the Eviosys acquisition and portfolio changes.
Open source ↗Sonoco’s operations will generate positive and sufficient operating cash flow to fund dividends, deleveraging and selective M&A after integration costs, because core packaging is cash-generative.HoldingMateriality: Medium
operating_cash_flow has been positive across recent years: 882,918,000 (FY2023), 833,845,000 (FY2024), 689,782,000 (FY2025). If operating cash flow holds up, the company can pursue value-accretive investments and maintain shareholder returns; if cash flow weakens materially, dividend/multiple risk and leverage constraints rise.
Watch: Working-capital strains or integration-related capex that materially reduce free cash flow conversion.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow has been positive across recent years: 882,918,000 (FY2023), 833,845,000 (FY2024), 689,782,000 (FY2025).
Open source ↗
Full investment case & evidence
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Original research
Sonoco’s portfolio transformation (Eviosys buy + TFP/ThermoSafe sales) will sustainably raise margins by shifting revenue mix toward higher-margin metal and engineered consumer packaging and removing lower-return businesses. If true, operating margin and free-cash generation should remain above historical pre-transformation levels and justify a multiple expansion; if false, the 2025 margin gains will revert and capital returns will be constrained.
The Eviosys acquisition secures global customer relationships and product breadth that provide pricing power and organic growth opportunities in metal packaging, supporting revenue durability and higher gross margins. If Eviosys gives Sonoco differentiated, sustainable share with strategic customers, revenue and gross margin will be steadier and less cyclical; if customers defect or competition matches capabilities, revenue will weaken and margin gains disappear.
Sonoco’s operations will generate positive and sufficient operating cash flow to fund dividends, deleveraging and selective M&A after integration costs, because core packaging is cash-generative. If operating cash flow holds up, the company can pursue value-accretive investments and maintain shareholder returns; if cash flow weakens materially, dividend/multiple risk and leverage constraints rise.
All standing thesis claims
Original report summary
that integration and pricing power exceed the low expectations already priced in.
Bull case and bear case
Bull case and bear case for Sonoco Products Co
Where the evidence on Sonoco Products Co stands: Holding on the latest evidence (Nov 3, 2026). Of its 3 thesis points, 1 strengthening and 2 holding.
Bull case: what the evidence supports
Sonoco’s portfolio transformation (Eviosys buy + TFP/ThermoSafe sales) will sustainably raise margins by shifting revenue mix toward higher-margin metal and engineered consumer packaging and removing lower-return businesses.
The Eviosys acquisition secures global customer relationships and product breadth that provide pricing power and organic growth opportunities in metal packaging, supporting revenue durability and higher gross margins.
Sonoco’s operations will generate positive and sufficient operating cash flow to fund dividends, deleveraging and selective M&A after integration costs, because core packaging is cash-generative.
Bear case: what would count against it
Failure to integrate Eviosys operations causing lost synergies, production disruption or customer churn.
Competitors or large customers vertically integrating into metal packaging, reducing Sonoco’s addressable market.
Working-capital strains or integration-related capex that materially reduce free cash flow conversion.
Thesis-Break Engine
Thesis-break watch · Sonoco Products Co
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
No assessed change was returned in this research window. That can reflect a quiet period or a coverage limit.
Risks / falsifiers
What could break the thesis
- Failure to integrate Eviosys operations causing lost synergies, production disruption or customer churn.
- Competitors or large customers vertically integrating into metal packaging, reducing Sonoco’s addressable market.
- Working-capital strains or integration-related capex that materially reduce free cash flow conversion.
SON news
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Financial statements
SON income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
SON: quick answers
- When does Sonoco Products Co (SON) report earnings next?
- Sonoco Products Co's next results are projected for February 16, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 21, 2026. Earnings calendar
- What is SON's short interest?
- As of October 30, 2026, 11.7M SON shares were sold short, 11.8% of its shares outstanding, down 2.2% from the count before. At the stock's average daily volume that is 7.1 days to cover. FINRA publishes the count twice a month. SON short interest history
- Have members of Congress traded SON?
- 6 trades in SON have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed SON trade
- Which well-known investors own SON?
- 1 of the 37 well-known funds tracked here reported SON shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
SON in well-known investors’ portfolios
1 of 37 funds reported SON shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.02% | $5.8M | −44.2% | Q2 2026 |