olivLaw · US equity research
Silgan Holdings Inc. SLGN
Metal Cans · SIC 3411 · Vertical: Fabricated metal products (SIC 341x)
Silgan Holdings is a supplier of rigid packaging made of metal, plastic and closures, with consolidated net sales of about $6.5 billion in 2025. It matters now because the first half of 2026 showed sales growth but lower margins, and 2026 guidance remains cautious.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Silgan Holdings Inc. (SLGN) stock was 42.66 USD (+2.77% on the day), with market capitalisation 4.5 bn USD, P/E 16.7 on diluted EPS of 2.55 USD over the last 12 months, dividend yield 1.92%, beta 0.62, 52-week range 34.75–48.89 USD. Latest reported quarter (Q2 2026): revenue of 1.6 bn USD (+6.8% YoY), net income of 75.8 m USD (−14.8% YoY), diluted EPS 0.72 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 67.4
- strong (55–70)
- Bollinger (20, 2)
- 34.21 – 43.12
- in the upper half of the band · %B 0.95 · band width 23.1%
- SMA 50 / 200
- 38.34 / 41.34
- mixed trend
- MACD (12, 26, 9)
- 1.12 / 0.60
- 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
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +21.9% | −1.1% | +23.0 pp | — |
| 3 months | 0.0% | −0.5% | +0.5 pp | — |
| 6 months | +5.3% | +4.4% | +0.9 pp | — |
| Year to date | +5.7% | +12.3% | −6.6 pp | — |
| 1 year | +10.5% | +13.5% | −3.1 pp | +28.9% |
| 3 years | +0.7% | +76.4% | −75.8 pp | +20.1% |
| 5 years | +4.0% | +63.7% | −59.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 bn | 1.4 bn | 1.5 bn | 1.5 bn | 2.0 bn | 1.5 bn | 1.6 bn | 1.6 bn |
| Cost of revenue | 1.5 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.7 bn | 1.2 bn | 1.3 bn | 1.3 bn |
| Gross profit | 293.3 m | 239.0 m | 270.4 m | 299.1 m | 327.3 m | 252.7 m | 265.8 m | 294.9 m |
| SG&A | 106.4 m | 123.8 m | 129.1 m | 121.8 m | 122.2 m | 119.5 m | 131.2 m | 126.8 m |
| Depreciation & amortisation | 66.7 m ≈ | 77.2 m | 79.4 m | 76.0 m ≈ | 82.9 m ≈ | 81.0 m | 84.9 m | 83.7 m ≈ |
| Interest expense | 41.9 m | 44.5 m | 42.9 m | 48.7 m | 50.0 m | 47.7 m | 41.4 m | 47.1 m |
| Pre-tax income | 125.4 m | 48.7 m | 87.6 m | 118.8 m | 148.7 m | 53.4 m | 84.1 m | 103.9 m |
| Income tax | 25.4 m | 4.3 m | 20.8 m | 30.4 m | 36.2 m | 35.8 m | 22.3 m | 29.2 m |
| Net income | 100.1 m | 45.1 m | 68.0 m | 88.9 m | 113.3 m | 18.2 m | 63.0 m | 75.8 m |
| Diluted EPS | 0.93 | 0.42 ≈ | 0.63 | 0.83 | 1.06 | 0.17 ≈ | 0.60 | 0.72 |
| Operating cash flow | 313.0 m ≈ | 935.8 m | -683.4 m | -221.5 m ≈ | 340.9 m ≈ | 1.3 bn | -799.6 m | -194.3 m ≈ |
| Capex | 60.6 m ≈ | 70.8 m | 82.9 m | 72.8 m ≈ | 80.1 m ≈ | 71.3 m | 82.4 m | 64.2 m ≈ |
| Dividends paid | 20.3 m ≈ | 20.3 m | 21.9 m | 21.4 m ≈ | 21.4 m ≈ | 21.0 m | 22.8 m | 22.2 m ≈ |
| Share repurchases | 0 ≈ | 1.6 m | 6.9 m | 0 ≈ | 59.3 m ≈ | 8.7 m | 7.8 m | 0 ≈ |
≈ 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 62 percentile of its own 39-quarter history (min 9.3, median 15.0, max 25.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.4 bn | 4.5 bn | 4.9 bn | 5.7 bn | 6.4 bn | 6.0 bn | 5.9 bn | 6.5 bn |
| Revenue YoY | +8.8% | +0.9% | +9.6% | +15.3% | +12.9% | −6.6% | −2.2% | +10.7% |
| Net income | 224.0 m | 193.8 m | 308.7 m | 359.1 m | 340.8 m | 326.0 m | 276.4 m | 288.4 m |
| Net income YoY | −16.9% | −13.5% | +59.3% | +16.3% | −5.1% | −4.4% | −15.2% | +4.4% |
| Diluted EPS | 2.01 | 1.74 | 2.77 | 3.23 | 3.07 | 2.98 | 2.58 | 2.70 |
| Diluted EPS YoY | −16.9% | −13.4% | +59.2% | +16.6% | −5.0% | −2.9% | −13.4% | +4.7% |
| net % | 5.0% | 4.3% | 6.3% | 6.3% | 5.3% | 5.4% | 4.7% | 4.4% |
| Free cash flow | 315.5 m | 276.4 m | 378.3 m | 324.6 m | 532.7 m | 255.8 m | 459.1 m | 422.7 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.1 bn USD
- Financial debt
- 4.3 bn USD
- Net debt
- 3.3 bn USD
- Equity
- 2.3 bn USD
- Total assets
- 9.4 bn USD
- Debt / equity
- 1.91x
- Current ratio
- 1.22x
- ROE
- 13.5%
- ROA
- 3.2%
- FCF margin
- 6.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.9 bn | 5.7 bn | 6.4 bn | 6.0 bn | 5.9 bn | 6.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Cost of revenue | 4.1 bn | 4.8 bn | 5.4 bn | 5.0 bn | 4.8 bn | 5.3 bn | SEC (XBRL)· 26 Feb 2026verified |
| Gross profit | 867.4 m | 918.4 m | 1.0 bn | 992.6 m | 1.0 bn | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| SG&A | 377.7 m | 378.1 m | 417.0 m | 384.4 m | 438.4 m | 492.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Depreciation & amortisation | 219.1 m | 250.4 m | 262.8 m | 263.2 m | 275.9 m | 319.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Interest expense | 103.8 m | 108.4 m | 126.3 m | 173.3 m | 166.4 m | 189.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | 407.1 m | 466.3 m | 474.1 m | 422.1 m | 347.7 m | 408.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Income tax | 98.4 m | 107.2 m | 133.3 m | 96.2 m | 72.0 m | 123.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | 308.7 m | 359.1 m | 340.8 m | 326.0 m | 276.4 m | 288.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | 2.77 | 3.23 | 3.07 | 2.98 | 2.58 | 2.70 | SEC (XBRL)· 26 Feb 2026verified |
| Weighted average diluted shares | 111.4 m | 111.2 m | 111.0 m | 109.2 m | 107.1 m | 106.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Dividend per share | 0.48 | 0.56 | 0.64 | 0.72 | 0.76 | 0.80 | SEC (XBRL)· 26 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 409.5 m | 631.4 m | 585.6 m | 642.9 m | 822.9 m | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Receivables | 619.5 m | 711.3 m | 658.0 m | 599.5 m | 594.3 m | 589.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Inventories | 677.5 m | 798.8 m | 769.4 m | 940.8 m | 928.1 m | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | 1.8 bn | 2.3 bn | 2.1 bn | 2.3 bn | 2.5 bn | 3.0 bn | SEC (XBRL)· 26 Feb 2026verified |
| Property, plant & equipment, net | 1.8 bn | 2.0 bn | 1.9 bn | 2.0 bn | 2.3 bn | 2.4 bn | SEC (XBRL)· 26 Feb 2026verified |
| Goodwill | 1.7 bn | 2.0 bn | 2.0 bn | 2.0 bn | 2.3 bn | 2.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Intangibles (excl. goodwill) | 637.2 m | 830.8 m | 763.8 m | 721.0 m | 869.5 m | 900.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | 6.5 bn | 7.8 bn | 7.3 bn | 7.6 bn | 8.6 bn | 9.4 bn | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 28.0 m | 20.3 m | 80.1 m | 880.3 m | 716.9 m | 631.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Long-term debt | 3.2 bn | 3.8 bn | 3.3 bn | 2.5 bn | 3.4 bn | 3.7 bn | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | 1.2 bn | 1.5 bn | 1.4 bn | 2.3 bn | 2.2 bn | 2.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 1.3 bn † | 1.6 bn † | 1.7 bn † | 1.9 bn † | 2.0 bn † | 2.3 bn † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 602.5 m | 556.8 m | 748.4 m | 482.6 m | 721.9 m | 729.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Capex | 224.2 m | 232.3 m | 215.8 m | 226.8 m | 262.8 m | 307.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Free cash flow | 378.3 m ≈ | 324.6 m ≈ | 532.7 m ≈ | 255.8 m ≈ | 459.1 m ≈ | 422.7 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Investing cash flow | -1.2 bn | -976.0 m | -215.6 m | -223.8 m | -1.2 bn | -297.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | 759.9 m | 648.6 m | -569.6 m | -211.4 m | 662.5 m | -207.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Dividends paid | 53.6 m | 62.5 m | 71.9 m | 78.9 m | 82.1 m | 85.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Share repurchases | 42.1 m | 8.6 m | 45.1 m | 184.0 m | 9.3 m | 74.9 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 54 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet39
- Growth2
- Quality80
- Returns71
- Valuation76
Estimated value range
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: 10.51 – 120.57 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)36.26 – 120.57 (Mid 63.07)WACC 6.6% · starting FCFF 470.1 m USD · terminal value share of EV 82%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): -8.4%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · not enough peers
- Dividend discount (DDM)10.51 – 14.14 (Mid 12.06)
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
Neutral profile · Score 54/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 4.0% | 60 (vs peers) | 10% |
| FCF conversion · Quality | 126.8% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 0.4% | 3 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -4.2% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 39 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 16.7x | 60 (on a fixed band) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.6% | 95 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 3.6% | 52 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 25.5% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial39/100 · 1/3 factors with a value
- Growth2/100 · 2/2 factors with a value
- Quality80/100 · 2/3 factors with a value
- Returns71/100 · 2/2 factors with a value
- Valuation76/100 · 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
SILGAN HOLDINGS INC (SLGN). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 6.5 bn USD in 2025; YoY growth 10.7%; net margin 4.0%; ROE 11.7%.
The estimated value range is 23.38–67.36 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 37.57 USD, the price of 42.66 USD leaves a potential of -11.9% (value / price − 1) and a margin of safety of -13.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 54/100, methodological classification: neutral 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
- FCF conversion: 126.8%
- FCF yield: 7.6%
- Payout ratio (FCF): 25.5%
What contradicts it
- Revenue CAGR 3Y: 0.4%
- EPS CAGR 3Y: -4.2%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Fabricated metal products (SIC 341x) · same industry group (3-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BALLBall Corporation | 17.5 bn | 33.9 | 9.6% | 3.5% | +11.6% | +36% / +22% |
| CCKCrown Holdings, Inc. | 13.5 bn | 17.4 | 26.7% | 5.8% | +4.8% | +29% / +45% |
| SLGNSilgan Holdings Inc | 4.5 bn | 16.7 | 11.7% | 4.0% | +10.7% | +10% / +1% |
| AMBPArdagh Metal Packaging S.A. | 2.8 bn | — | — | 0.2% | +12.0% | +27% / +18% |
| JBDIJBDI Holdings Limited | 55.6 m | 292.0 | 3.1% | 1.4% | +0.9% | +59% / unavailable |
| GEFGreif, Inc. | — | — | 6.5% | 4.4% | +4.3% | +17% / +10% |
1- and 3-year price returns: for SLGN 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.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 24.22 Total return -42% · Per year -42% | 42.91 Total return 3% · Per year 3% | 64.76 Total return 54% · Per year 54% |
| 3 years | 21.60 Total return -45% · Per year -18% | 43.23 Total return 7% · Per year 2% | 71.90 Total return 76% · Per year 21% |
| 5 years | 19.26 Total return -48% · Per year -12% | 43.55 Total return 12% · Per year 2% | 79.83 Total return 100% · Per year 15% |
- Exit P/E± 10.81
- Net margin± 7.57
- Annual revenue growth± 6.47
- Annual dilution± 0.64
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 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
In brief
Silgan Holdings is a supplier of rigid packaging made of metal, plastic and closures, with consolidated net sales of about $6.5 billion in 2025 1. It matters now because the first half of 2026 showed sales growth but lower margins, and 2026 guidance remains cautious 23.
SWOT
Strengths
- Leading position in dispensing and specialty closures, supported by innovation and multi-year contracts with large customers 1.
- Strong share of the North American metal food container market and a low-cost producer position 1.
- Stable cash flow generated largely by long-term customer relationships and recession-resistant activity 1.
Weaknesses
- High debt and floating-rate borrowings expose the company to rising interest rates 1.
- Margins fell in the first half of 2026 because of a less favorable product mix and higher restructuring costs 2.
- Dependence on seasonal fruit and vegetable harvests makes revenue harder to predict from year to year 1.
Opportunities
- Acquisitions in dispensing, where demand for fragrance and personal care has grown 13.
- Metal food container production is still partly self-manufactured, which leaves room for outsourcing growth 1.
- New long-term contracts, such as those signed in the second quarter of 2026, could support future volumes 3.
Risks
- Competitive pressure on priceshigh
If a competitor offers better terms, the company could lose customers or have to lower prices when contracts are renewed 1.
- Raw material costshigh
Swings in steel, aluminum and resin prices, plus tariffs, could hurt margins if they cannot be fully passed on to customers 1.
- Debt and interest ratesmedium
A significant share of debt carries floating rates, so rising rates could increase financing costs 1.
- Harvests and weathermedium
Weak fruit and vegetable harvests could reduce volumes for metal containers and food closures 1.
- Packaging chemical regulationlow
Restrictions on PFAS and other materials could require product changes and added costs 1.
Investment thesis
What would need to be true (bull case)
- Higher volumes in fragrance dispensing and pet food packaging, combined with new long-term contracts, could support revenue and profit 3.
- The 2026 adjusted profit guidance points above 2025 levels, suggesting the cost reduction program and recent acquisitions are having an effect 3.
- Estimated free cash flow close to the 2025 level could fund acquisitions and debt reduction 3.
What would break the thesis
- Operating margins fell in the second quarter of 2026 and restructuring charges rose, which could limit profitability 2.
- Floating-rate debt and high interest costs remain, which could reduce financial flexibility if rates rise 1.
- Dependence on raw material costs and tariffs could squeeze margins if price pass-through is incomplete 1.
What to watch
- Delivery of the 2026 adjusted EPS guidance2026
- Volume trends in dispensing and in pet food metal containersQ3 2026
- Metal Containers margins as the product mix effects play outQ3 2026
- Restructuring costs and the European metal closure optimization plannext 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 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
The business
Silgan makes three kinds of packaging: dispensing and specialty closures for fragrance, food, beverage and personal care, metal containers for pet and human food and general line products, and custom plastic containers 1. It operates 121 plants in North America, Europe, Asia and South America and says it is the largest maker of metal food containers in North America, with more than half of the U.S. market 1. Most metal container volume is covered by multi-year contracts, which gives revenue stability 1.
The strategy combines acquisitions with organic growth and cost reduction, and in 2024 the company bought Weener Packaging, broadening its dispensing portfolio 1. The company uses moderate leverage to support acquisitions and to keep its cost of capital at an optimal level 1.
The segment mix shows growing reliance on dispensing and closures, which grew fastest in 2025, while metal containers remain the largest segment by sales 1.
Segments
Dispensing and Specialty Closures
This segment delivered the largest growth in 2025, helped by Weener Packaging and higher volumes of high-value dispensing products, although specialty closures for beverages declined 1. In the second quarter of 2026 sales rose slightly and volumes for fragrance products grew at a high single-digit rate 3.
Metal Containers
This is the largest segment by sales, but margins were under pressure in the second quarter of 2026 because of a less favorable product mix 23. Higher volumes for pet food contrast with lower fruit and vegetable volumes, which could affect results if harvests are weak 13.
Custom Containers
The segment is smaller and sensitive to product mix, but its profit improved in the second quarter of 2026 thanks to more favorable pricing and mix 3.
Market context
The consumer goods packaging market is fragmented in custom containers and consolidated in metal food containers, where food processors have outsourced manufacturing 1. Roughly seven percent of the U.S. metal food container market is still served by self-manufacturers, which leaves room for further outsourcing 1.
Demand depends on fruit and vegetable harvests, food contact regulations, and the price of steel, aluminum and resins, costs that are passed on to customers through contract clauses 1.
Trends
- Rising demand for fragrance dispensing productstailwind
Volumes for fragrance products grew in the first half of 2026, supporting the higher-margin segment 3.
- Growing volumes for pet food packagingtailwind
Metal containers for pet food saw volume increases, which could continue if demand stays strong 3.
- Regulation of chemicals in packagingmixed
Restrictions on PFAS and other materials could require product changes at extra cost, but could also create openings for new solutions 1.
Competitive position
The market is highly competitive, and the company competes mainly on price, quality and service, with a risk of losing customers if rivals offer better terms 1. Multi-year contracts with competitive-proposal clauses limit exposure but can lower prices if Silgan chooses to match rival offers 1.
Competitors include other packaging makers and consumer goods companies that manufacture their own closures and containers 1. The company says its innovation and technical support give it an advantage in the high-value segment 3.
- Other packaging makers of closures and containers
Companies offering similar products that compete on price, quality and service, not detailed in the sources reviewed 1.
- Consumer goods companies that self-manufacture packaging
Firms that make their own containers and can also sell them to others, a direct form of competition 1.
- Plastic and alternative packaging manufacturers
Suppliers of alternative packaging materials that could replace metal or plastic packaging 1.
- Regional metal packaging suppliers in Europe and Asia
Local competitors in areas where the company has plants and may offer competitive prices 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- US Stock Futures Today: Cleveland-Cliffs, Disc, Nvidia, SilganBloomberg Markets · 19 Oct 2026 · EN
- CJUE. C-845/24 P | Silgan Holdings e.a/Commission. Comisia Europeană poate prelua o cauză de concurență aflată deja în analiza autorității naționale. Jud. dr. Octavia Spineanu-Matei, membru al completului de judecatăJuridice.ro · 01 Oct 2026 · RO
The latest news item in our archive is from 19 Oct 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report03 Nov 2026Other events · Financial statements and exhibits
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Current report20 Oct 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Current report19 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report04 Sept 2026Departure or appointment of officers
- Quarterly report06 Aug 2026
- Current report04 Aug 2026Other events · Financial statements and exhibits
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Current report29 May 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Current report12 May 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Silgan Holdings Inc. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Silgan Holdings Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Silgan Holdings 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.