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Amcor vs Multi Ways: revenue, profit, margins and growth compared

Amcor brought in $23.5B of revenue in fiscal 2026, Multi Ways $44.8M in fiscal 2025. Revenue changed by +56.6% at Amcor and +44.1% at Multi Ways on the year before, so Amcor grew faster. Amcor kept 4.7% of its revenue as net profit, Multi Ways -1.0%. Free cash flow was $1.2B at Amcor and $6.2M at Multi Ways.

Side by side, latest fiscal year

AMCRMWG
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$23.5B$44.8M
Revenue growth+56.6%+44.1%
Net income$1.1B-$433K
Net margin4.7%-1.0%
Free cash flow$1.2B$6.2M
Free cash flow margin5.2%13.7%
Earnings per share (diluted)$2.38-$0.11
Cash$1.1B$1.9M
Debt$13.9Bn/a
Price to earnings18.0n/a
Market value$19.8B$6.7M
Dividend yield6.05%n/a
Rank by revenue in sector#51 of 1065 · Consumer discretionary#815 of 1065 · Consumer discretionary

Over the years

Revenue
AMCR FY2019: $9.5BAMCR FY2020: $12.5BAMCR FY2021: $12.9BAMCR FY2022: $14.5BAMCR FY2023: $14.7BAMCR FY2024: $13.6BAMCR FY2025: $15BAMCR FY2026: $23.5BMWG FY2020: $29.9MMWG FY2022: $33.4MMWG FY2022: $38.4MMWG FY2023: $36MMWG FY2024: $31.1MMWG FY2025: $44.8MFY19FY20FY21FY22FY23FY24FY25FY26
AMCR $23.5BMWG $44.8M
Net income
AMCR FY2019: $430MAMCR FY2020: $612MAMCR FY2021: $939MAMCR FY2022: $805MAMCR FY2023: $1BAMCR FY2024: $730MAMCR FY2025: $511MAMCR FY2026: $1.1BMWG FY2020: $1.3MMWG FY2022: $1.8MMWG FY2022: $978KMWG FY2023: $1.8MMWG FY2024: -$2.9MMWG FY2025: -$433KFY19FY20FY21FY22FY23FY24FY25FY26
AMCR $1.1BMWG -$433K
Net margin
AMCR FY2019: 4.5%AMCR FY2020: 4.9%AMCR FY2021: 7.3%AMCR FY2022: 5.5%AMCR FY2023: 7.1%AMCR FY2024: 5.4%AMCR FY2025: 3.4%AMCR FY2026: 4.7%MWG FY2020: 4.4%MWG FY2022: 5.4%MWG FY2022: 2.5%MWG FY2023: 5.0%MWG FY2024: -9.2%MWG FY2025: -1.0%FY19FY20FY21FY22FY23FY24FY25FY26
AMCR 4.7%MWG -1.0%
Revenue growth
AMCR FY2020: +31.8%AMCR FY2021: +3.2%AMCR FY2022: +13.1%AMCR FY2023: +1.0%AMCR FY2024: -7.2%AMCR FY2025: +10.0%AMCR FY2026: +56.6%MWG FY2022: +11.8%MWG FY2022: +14.8%MWG FY2023: -6.1%MWG FY2024: -13.7%MWG FY2025: +44.1%FY20FY21FY22FY23FY24FY25FY26
AMCR +56.6%MWG +44.1%
Free cash flow
AMCR FY2019: $443.8MAMCR FY2020: $984MAMCR FY2021: $993MAMCR FY2022: $999MAMCR FY2023: $735MAMCR FY2024: $829MAMCR FY2025: $810MAMCR FY2026: $1.2BMWG FY2020: $1MMWG FY2022: $93KMWG FY2023: -$1.9MMWG FY2024: -$13.5MMWG FY2025: $6.2MFY19FY20FY21FY22FY23FY24FY25FY26
AMCR $1.2BMWG $6.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Amcor and Multi Ways

Which is bigger by revenue, Amcor or Multi Ways?

Amcor is bigger by revenue: $23.5B in fiscal 2026, against $44.8M for Multi Ways in fiscal 2025.

Which keeps more of its revenue as profit, Amcor or Multi Ways?

Amcor had a net margin of 4.7% in fiscal 2026; Multi Ways had -1.0% in fiscal 2025.

Which grew revenue faster, Amcor or Multi Ways?

In their latest fiscal years revenue changed by +56.6% at Amcor and +44.1% at Multi Ways.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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