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olivLaw · US equity research

Reynolds Consumer Products Inc. REYN

Plastics, Foil & Coated Paper Bags · SIC 2673 · Vertical: Paper and allied products (SIC 267x)

25.13USD+4.32% · 1 dayClose 04 Nov 2026

Reynolds Consumer Products makes and sells household essentials such as aluminum foil, trash bags and disposable tableware, under the Reynolds and Hefty brands and also under store brands for retailers. The company reported net revenues of 3721 million USD in 2025 and, in the first half of 2026, revenue growth driven by higher pricing against a difficult cost and consumer backdrop.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Reynolds Consumer Products Inc. (REYN) stock was 25.13 USD (+4.32% on the day), with market capitalisation 5.3 bn USD, P/E 16.4 on diluted EPS of 1.54 USD over the last 12 months, dividend yield 3.66%, beta 0.27, 52-week range 20.56–27.18 USD. Latest reported quarter (Q3 2026): revenue of 944.0 m USD (+1.4% YoY), net income of 58.0 m USD (−26.6% YoY), diluted EPS 0.28 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
5.3 bn USD
shares as of 30 Oct 2026
P/E (TTM)
16.4
Diluted EPS TTM 1.54 · TTM to 30 Sept 2026
E/P (TTM)
6.11%
TTM to 30 Sept 2026
Dividend yield
3.66%
DPS 12m 0.92
Beta (2y)
0.27
Volatility (1y) 26%
52-week range
20.5627.18

Price history

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Technical reading

RSI (14)
69.9
strong (55–70)
Bollinger (20, 2)
21.38 – 24.73
above the upper band · %B 1.12 · band width 14.5%
SMA 50 / 200
22.59 / 23.20
mixed trend
MACD (12, 26, 9)
0.49 / 0.25
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+13.0%−1.1%+14.1 pp—
3 months−6.1%−0.5%−5.6 pp—
6 months+14.7%+4.4%+10.3 pp—
Year to date+9.6%+12.3%−2.7 pp—
1 year+2.2%+13.5%−11.3 pp−32.0%
3 years−2.1%+76.4%−78.6 pp−18.0%
5 years−13.8%+63.7%−77.4 pp—
Max drawdown (1y)
−20.7%
02 Jul 2026 → 09 Sept 2026
Max drawdown (5y)
−36.7%
05 Sept 2024 → 29 Apr 2026
Compound annual growth (5y)
−2.9%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q3 2026 · 30 Sept 2026

Revenue
944.0 m USD
+1.4% YoY
Net income
58.0 m USD
−26.6% YoY
Diluted EPS
0.28
−26.3% YoY
net / operating
6.1% / unavailable

Quarterly margins

Quarterly statements · USD

Fiscal yearQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue1.0 bn818.0 m938.0 m931.0 m1.0 bn877.0 m944.0 m944.0 m
Cost of revenue740.0 m629.0 m712.0 m698.0 m768.0 m670.0 m699.0 m708.0 m
Gross profit280.0 m189.0 m226.0 m233.0 m266.0 m207.0 m245.0 m236.0 m
SG&A100.0 m104.0 m96.0 m99.0 m82.0 m109.0 m107.0 m106.0 m
Depreciation & amortisation33.0 m32.0 m33.0 m34.0 m35.0 m33.0 m33.0 m33.0 m
Interest expense22.0 m21.0 m22.0 m21.0 m23.0 m21.0 m22.0 m22.0 m
Pre-tax income158.0 m42.0 m96.0 m102.0 m153.0 m77.0 m116.0 m76.0 m
Income tax37.0 m11.0 m23.0 m23.0 m36.0 m18.0 m27.0 m18.0 m
Net income121.0 m31.0 m73.0 m79.0 m117.0 m59.0 m89.0 m58.0 m
Diluted EPS0.57 ≈0.150.350.380.56 ≈0.280.420.28
Operating cash flow182.0 m56.0 m91.0 m ≈93.0 m ≈237.0 m71.0 m102.0 m ≈51.0 m ≈
Capex41.0 m39.0 m40.0 m ≈45.0 m ≈37.0 m44.0 m57.0 m ≈42.0 m ≈
Dividends paid48.0 m48.0 m48.0 m ≈48.0 m ≈48.0 m48.0 m48.0 m ≈49.0 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 30 percentile of its own 27-quarter history (min 13.5, median 17.4, max 25.8; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue3.1 bn3.0 bn3.3 bn3.6 bn3.8 bn3.8 bn3.7 bn3.7 bn
Revenue YoYunavailable−3.5%+7.6%+9.0%+7.3%−1.6%−1.6%+0.7%
Net income176.0 m225.0 m363.0 m324.0 m258.0 m298.0 m352.0 m301.0 m
Net income YoYunavailable+27.8%+61.3%−10.7%−20.4%+15.5%+18.1%−14.5%
Diluted EPS1.131.451.771.541.231.421.671.43
Diluted EPS YoYunavailable+28.3%+22.1%−13.0%−20.1%+15.4%+17.6%−14.4%
net %5.6%7.4%11.1%9.1%6.8%7.9%9.5%8.1%
Free cash flow448.0 m294.0 m176.0 m169.0 m91.0 m540.0 m369.0 m316.0 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
147.0 m USD
Financial debt
1.6 bn USD
Net debt
1.4 bn USD
Equity
2.3 bn USD
Total assets
4.9 bn USD
Debt / equity
0.70x
Current ratio
1.93x
ROE
13.7%
ROA
6.1%
FCF margin
8.5%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
3.8 bn
2024
3.7 bn
2025
3.7 bn

SEC (XBRL)· 04 Feb 2026verified

Cost of revenue
2023
2.8 bn
2024
2.7 bn
2025
2.8 bn

SEC (XBRL)· 04 Feb 2026verified

Gross profit
2023
942.0 m
2024
978.0 m
2025
914.0 m

SEC (XBRL)· 04 Feb 2026verified

Research & development
2023
44.0 m
2024
45.0 m
2025
48.0 m

SEC (XBRL)· 04 Feb 2026verified

SG&A
2023
430.0 m
2024
429.0 m
2025
382.0 m

SEC (XBRL)· 04 Feb 2026verified

Depreciation & amortisation
2023
124.0 m
2024
129.0 m
2025
135.0 m

SEC (XBRL)· 04 Feb 2026verified

Interest expense
2023
119.0 m
2024
98.0 m
2025
86.0 m

SEC (XBRL)· 04 Feb 2026verified

Pre-tax income
2023
393.0 m
2024
451.0 m
2025
393.0 m

SEC (XBRL)· 04 Feb 2026verified

Income tax
2023
95.0 m
2024
99.0 m
2025
92.0 m

SEC (XBRL)· 04 Feb 2026verified

Net income
2023
298.0 m
2024
352.0 m
2025
301.0 m

SEC (XBRL)· 04 Feb 2026verified

Diluted EPS
2023
1.42
2024
1.67
2025
1.43

SEC (XBRL)· 04 Feb 2026verified

Weighted average diluted shares
2023
210.0 m
2024
210.4 m
2025
210.4 m

SEC (XBRL)· 04 Feb 2026verified

Dividend per share
2023
0.92
2024
0.92
2025
0.92

SEC (XBRL)· 04 Feb 2026verified

Balance sheet · USD

Cash
2023
115.0 m
2024
137.0 m
2025
147.0 m

SEC (XBRL)· 04 Feb 2026verified

Receivables
2023
347.0 m
2024
337.0 m
2025
355.0 m

SEC (XBRL)· 04 Feb 2026verified

Inventories
2023
524.0 m
2024
567.0 m
2025
584.0 m

SEC (XBRL)· 04 Feb 2026verified

Current assets
2023
1.0 bn
2024
1.1 bn
2025
1.1 bn

SEC (XBRL)· 04 Feb 2026verified

Property, plant & equipment, net
2023
732.0 m
2024
758.0 m
2025
823.0 m

SEC (XBRL)· 04 Feb 2026verified

Goodwill
2023
1.9 bn
2024
1.9 bn
2025
1.9 bn

SEC (XBRL)· 04 Feb 2026verified

Intangibles (excl. goodwill)
2023
1.0 bn
2024
972.0 m
2025
943.0 m

SEC (XBRL)· 04 Feb 2026verified

Total assets
2023
4.8 bn
2024
4.9 bn
2025
4.9 bn

SEC (XBRL)· 04 Feb 2026verified

Accounts payable
2023
—
2024
—
2025
387.0 m

SEC (XBRL)· 06 May 2026verified

Short-term debt
2023
0
2024
0
2025
0

SEC (XBRL)· 06 May 2026verified

Long-term debt
2023
1.8 bn
2024
1.7 bn
2025
1.6 bn

SEC (XBRL)· 04 Feb 2026verified

Current liabilities
2023
478.0 m
2024
539.0 m
2025
577.0 m

SEC (XBRL)· 04 Feb 2026verified

Total liabilities
2023
2.8 bn
2024
2.7 bn
2025
2.7 bn

SEC (XBRL)· 04 Feb 2026verified

Equity
2023
2.0 bn †
2024
2.1 bn †
2025
2.3 bn †

SEC (XBRL)· 04 Feb 2026verified

Cash flow · USD

Operating cash flow
2023
644.0 m
2024
489.0 m
2025
477.0 m

SEC (XBRL)· 04 Feb 2026verified

Capex
2023
104.0 m
2024
120.0 m
2025
161.0 m

SEC (XBRL)· 04 Feb 2026verified

Free cash flow
2023
540.0 m ≈
2024
369.0 m ≈
2025
316.0 m ≈

SEC (XBRL)· 04 Feb 2026derived

Investing cash flow
2023
-110.0 m
2024
-120.0 m
2025
-161.0 m

SEC (XBRL)· 04 Feb 2026verified

Financing cash flow
2023
-457.0 m
2024
-346.0 m
2025
-306.0 m

SEC (XBRL)· 04 Feb 2026verified

Dividends paid
2023
192.0 m
2024
192.0 m
2025
192.0 m

SEC (XBRL)· 04 Feb 2026verified

Computed indicators

Growth

Revenue growth (YoY)
0.7%
computed by olivLawFY 2025
Revenue CAGR 3Y
-0.8%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
2.7%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
-14.5%
computed by olivLawFY 2025
Net income CAGR 3Y
5.3%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
-3.7%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
-14.4%
computed by olivLawFY 2025
EPS CAGR 3Y
5.2%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
-4.2%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
-14.4%
computed by olivLawFY 2025

Profitability

Gross margin
25.1%
computed by olivLawTTM to 30 Sept 2026
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
8.5%
computed by olivLawTTM to 30 Sept 2026
FCF margin
7.4%
computed by olivLawTTM to 30 Sept 2026

Returns

ROE
14.3%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROA
6.5%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
59.9%
computed by olivLawTTM to 30 Sept 2026
Payout ratio (FCF)
68.7%
computed by olivLawTTM to 30 Sept 2026

Balance sheet

Net debt
1.5 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.7x
computed by olivLawbalance sheet at 30 Sept 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.8x
computed by olivLawbalance sheet at 30 Sept 2026
Quick ratio
0.6x
computed by olivLawbalance sheet at 30 Sept 2026
Cash ratio
0.0x
computed by olivLawbalance sheet at 30 Sept 2026

Cash

Operating cash flow
461.0 m USD
computed by olivLawTTM to 30 Sept 2026
Capital expenditure
180.0 m USD
computed by olivLawTTM to 30 Sept 2026
Free cash flow
281.0 m USD
computed by olivLawTTM to 30 Sept 2026
FCF conversion
87.0%
computed by olivLawTTM to 30 Sept 2026
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
33 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days inventory outstanding
91 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days payables outstanding
55 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Cash conversion cycle
69 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

Market and valuation

Market capitalisation
5.3 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Enterprise value
6.8 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Market cap / net income TTM
16.4x
computed by olivLawTTM to 30 Sept 2026
P/E (TTM)
16.4x
computed by olivLawTTM to 30 Sept 2026
Earnings yield
6.1%
computed by olivLawTTM to 30 Sept 2026
P/B
2.3x
computed by olivLawbalance sheet at 30 Sept 2026
P/S
1.4x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
1.8x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
P/FCF
18.9x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
FCF yield
5.3%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Dividend yield
3.7%
computed by olivLawTTM to 30 Sept 2026
Shareholder yield (distributions)
3.6%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Unattractive profile

Score: 56 / 100

A scoring methodology on indicators and valuation, not investment advice.

(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])

Closing price

25.13 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 5.3 bn USD

Key indicators

Market capitalisation
5.3 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
P/E (TTM)
16.4x
computed by olivLawTTM to 30 Sept 2026
P/B
2.3x
computed by olivLawbalance sheet at 30 Sept 2026
EV/EBITDA
unavailable
input data missing
ROE
14.3%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Net margin
8.5%
computed by olivLawTTM to 30 Sept 2026
Revenue growth (YoY)
0.7%
computed by olivLawFY 2025
Dividend yield
3.7%
computed by olivLawTTM to 30 Sept 2026

Coverage and freshness

33/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Sept 2026
Latest balance sheet date: 30 Sept 2026
Share count (cover of the latest filing), as of: 30 Oct 2026
Source: SEC (XBRL)published 04 Nov 2026
verified 1245derived 91

Score by group

  • Valuation64
  • Returns61
  • Quality81
  • Balance sheet84
  • Growth17

Estimated value range

Low
13.47
USD per share
Mid
16.99
USD per share
High
22.66
USD per share
Price: 25.13 USD
The price is above the range
Potential to the central value: -32.4% (value / price − 1)
Margin of safety: -47.9% (1 − price / value)
Agreement between methods: high · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 12.09 – 29.06 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)14.85 – 29.06 (Mid 20.11)
    WACC 8.2% · starting FCFF 348.4 m USD · terminal value share of EV 76%
    The WACC × g sensitivity gives the method's bounds; these are not probabilities.
    Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 6.5%
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · not enough peers
  • Dividend discount (DDM)12.09 – 16.26 (Mid 13.87)
Multiple comparisons use the SIC vertical: Paper and allied products (SIC 267x)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Unattractive profile · Score 56/100

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality8.5%80 (vs peers)10%
FCF conversion · Quality87.0%81 (on a fixed band)10%
Revenue CAGR 3Y · Growth-0.8%0 (on a fixed band)13%
EPS CAGR 3Y · Growth5.2%34 (on a fixed band)13%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.8x84 (on a fixed band)7%
P/E (TTM) · Valuation16.4x62 (on a fixed band)17%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation5.3%66 (on a fixed band)13%
Shareholder yield (distributions) · Returns3.6%52 (on a fixed band)10%
Payout ratio (FCF) · Returns68.7%73 (on a fixed band)7%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial84/100 · 1/3 factors with a value
  • Growth17/100 · 2/2 factors with a value
  • Quality81/100 · 2/3 factors with a value
  • Returns61/100 · 2/2 factors with a value
  • Valuation64/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

REYNOLDS CONSUMER PRODUCTS INC. (REYN). Latest full fiscal year: 2025; data up to 2026-09-30.

Figures computed from the financial statements: revenue 3.7 bn USD in 2025; YoY growth 0.7%; net margin 8.5%; ROE 14.3%.

The estimated value range is 13.47–22.66 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 16.99 USD, the price of 25.13 USD leaves a potential of -32.4% (value / price − 1) and a margin of safety of -47.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 56/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 8.5%
  • FCF conversion: 87.0%
  • Current ratio: 1.8x
  • Payout ratio (FCF): 68.7%

What contradicts it

  • Revenue CAGR 3Y: -0.8%
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.

Versus the vertical median

Paper and allied products (SIC 267x) · same industry group (3-digit SIC) · compared with 5 companies

Multiples and returns vs the median

P/E
16.4x
vertical median —
EV/EBITDA
—
vertical median 10.9x
P/S
1.4x
vertical median 1.6x
below median (−10.2%)
P/B
2.3x
vertical median 6.1x
below median (−62.7%)
ROE
14.3%
vertical median -6.6%
above median
Net margin
8.5%
vertical median -8.3%
above median
EBIT margin
—
vertical median -7.1%
Revenue YoY
0.7%
vertical median -2.1%
above median
Net debt/EBITDA
—
vertical median 0.2x
Dividend yield
3.7%
vertical median —

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
KMBKimberly-Clark Corporation36.2 bn18.5129.4%11.8%−2.1%−0% / −12%
AVYAvery Dennison Corporation14.5 bn20.830.8%7.6%+1.1%+12% / −1%
REYNReynolds Consumer Products Inc.5.3 bn16.414.3%8.5%+0.7%+2% / −2%
PACKRanpak Holdings Corp.288.2 m—-6.6%-8.3%+7.1%−32% / −18%
DSYBig Tree Cloud Holdings Limited284.1 m—-232.8%-551.3%−49.3%−64% / −98%
ITPIt Tech Packaging, Inc.2.1 m—-6.9%-13.9%−12.4%−45% / −57%

1- and 3-year price returns: for REYN from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
14.02
Total return -41% · Per year -41%
24.86
Total return 3% · Per year 3%
37.54
Total return 54% · Per year 54%
3 years
12.19
Total return -44% · Per year -18%
24.44
Total return 8% · Per year 3%
40.72
Total return 76% · Per year 21%
5 years
10.59
Total return -46% · Per year -12%
24.03
Total return 13% · Per year 3%
44.17
Total return 100% · Per year 15%
What moves the 3-year price the most
  • Exit P/E± 6.11
  • Net margin± 4.28
  • Annual revenue growth± 3.70
  • Annual dilution± 0.36

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).

In brief

Reynolds Consumer Products makes and sells household essentials such as aluminum foil, trash bags and disposable tableware, under the Reynolds and Hefty brands and also under store brands for retailers. The company reported net revenues of 3721 million USD in 2025 and, in the first half of 2026, revenue growth driven by higher pricing against a difficult cost and consumer backdrop.

SWOT

Strengths

  • The Reynolds and Hefty brands hold leading positions with high household recognition, supporting consumer loyalty and the ability to launch new products 1.
  • The mix of branded and store brand products gives a competitive advantage and solid relationships with large retailers 1.
  • The company has shown it can improve margins through manufacturing efficiency, which supported profit in the second quarter of 2026 3.

Weaknesses

  • Reliance on a small number of large customers creates concentrated exposure, and losing any one of them would have a significant negative effect 1.
  • The company generally does not enter long-term fixed price contracts for its main raw materials, which exposes it to cost swings 1.
  • Some products are made at a single site, so a disruption at one plant could affect an entire production line 1.

Opportunities

  • Expansion into adjacent categories, supported by the new segment structure, could open new sources of growth 2.
  • A sustainable product range including compostable and recycled options could attract consumers who prefer these choices 1.
  • Leverage at the lower end of the target range could offer flexibility for growth investment if financial discipline is maintained 3.

Threats

  • Volatile aluminum and resin prices could reduce margins if selling prices cannot be raised enough 1.
  • New tariffs and trade sanctions could raise raw material costs and weigh on results 1.
  • An aggressive promotional environment and retailer pressure for lower prices could erode volumes and margins 2.

Risks

  • Customer concentrationhigh

    Losing one of the main customers could significantly affect sales and profitability 1.

  • Raw material costshigh

    Sharp rises in aluminum and resin costs could weigh on margins, especially when prices cannot be passed on quickly 1.

  • Packaging regulationmedium

    Extended producer responsibility laws and foam bans could narrow the product range and raise compliance costs 1.

  • Production disruptionmedium

    Reliance on single sites and suppliers, and on stable power supply, could lead to interruptions that affect deliveries 1.

  • Labor pressurelow

    Rising labor costs or worker shortages could affect operations and operating expenses 1.

Investment thesis

What would need to be true (bull case)

  • If the Reynolds and Hefty brands keep their leading positions, the company could continue passing through higher prices and holding volumes in key categories 12.
  • Manufacturing efficiency and lower operating costs could support profit growth even if volumes stay weaker 3.
  • The segment reorganization could make it easier to grow in new categories and focus innovation 2.

What would break the thesis

  • If volumes keep falling, price increases might not be enough to offset costs and maintain margins 23.
  • Dependence on a few large customers could limit the company's bargaining power and keep prices under pressure 1.
  • Stricter rules on plastic and packaging could raise costs and reduce sales in some product lines 1.

What to watch

  • Retail volume trends and the effect of pricing by categoryQ3 2026
  • Delivery against the full year 2026 outlook for net revenues, Adjusted EBITDA and EPS2026
  • Movements in aluminum and resin costs and the company's ability to pass them onQ4 2026
  • Stability of relationships with the largest customers and the effect of lost private label distributionnext 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).

The business

Reynolds Consumer Products Inc. (REYN) is a US consumer products company incorporated in Delaware that sells products used daily in homes for cooking, serving, cleanup and storage 1. The company has a presence in 95% of US households and holds the number one or two position in most of the categories it competes in 1. Most sales are in the United States and North America, with customers including grocery chains, mass merchants, warehouse clubs and online retailers 1.

Revenue by product group shows cooking and storage growing while tableware declined in 2025 compared with 2024 1. In 2026 the company reorganized its operating segments to improve efficiency and to make it easier to enter adjacent categories 2. Based on the second quarter results, management kept profitability targets in focus while investing in brands, innovation and strategic initiatives 3.

The company runs a mix of branded and store brand products that it sells to retail partners with long-standing relationships 1. This combination lets it manage several household aisles through a single vendor relationship, which strengthens its position as a strategic partner for these customers 1.

Segments

Reynolds Cooking & Kitchen Essentials

This segment includes Reynolds Wrap aluminum foil, parchment paper, oven bags and disposable aluminum pans, where the company holds the number one position in the US consumer foil market 2. Cooking products generated revenue of 1259 million USD in 2025 1.

Hefty Waste & Clean-Up

This segment covers Hefty trash bags, where the company is described as the largest US trash bag manufacturer by dollar share across tracked retail channels 2. Waste products generated revenue of 936 million USD in 2025 1.

Hefty Storage & Organization

Created in 2026 by consolidating the food bag business and business-to-business closure systems 2. Net revenues in the second quarter of 2026 reached a record second quarter level on stronger volumes 3.

Market context

The company describes the US household consumer products market as mature and highly competitive, with large multinational firms and smaller regional players 1. An important factor is customer concentration: the three largest customers account for a significant part of sales, and the top ten customers generated 74% of revenue in 2025 1.

Raw material prices, especially aluminum and plastic resins, rose in 2025 and pressured margins, with the company adjusting prices to cover costs 12. In the first half of 2026 price increases supported revenue but came alongside lower volumes 2.

Trends

  • Raw material costsheadwind

    Higher aluminum and resin costs could reduce margins if selling prices cannot be adjusted in time, since contracts generally lack cost pass-through mechanisms 1.

  • Regulation of plastic and foamheadwind

    Restrictions on expanded polystyrene foam and extended producer responsibility laws could limit the product range sold in some jurisdictions and raise compliance costs 1.

  • Consumer preference for sustainabilitymixed

    Interest in sustainable products could open opportunities for compostable and recycled lines, although consumers still rank performance and price ahead of sustainability 1.

  • Price sensitivitymixed

    Inflation and economic uncertainty could raise consumer price sensitivity, which favors private label products but could reduce branded volumes 1.

Competitive position

Competition includes large consumer goods companies such as The Clorox Company and S.C. Johnson & Son, as well as specialist packaging and foil producers 1. Competition is based on brand recognition, price, quality and innovation, and lower-cost overseas competitors add pressure 1.

Large retailers have strong bargaining power, which creates downward price pressure, and competitors' store brands can compete directly with the company's brands 1. The company points to the strength of its Reynolds and Hefty brands and its manufacturing scale as its main advantages 1.

  • The Clorox CompanyCLX

    US consumer goods company named among the main competitors in the company's household categories.

  • S.C. Johnson & Son, Inc.

    Private household products manufacturer named among competitors in the company's household categories.

  • Poly-America

    Plastic bag and packaging producer named among competitors in the bag and packaging categories.

  • Handi-Foil Corporation

    Aluminum foil producer named among competitors in the household foil category.

News & filings

In the press

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Reynolds Consumer Products Inc. · 04 Feb 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Reynolds Consumer Products Inc. · 29 Jul 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Reynolds Consumer Products Inc. · 29 Jul 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.