Sonoco Historical Income Statement

SON Stock

USD 50.15 0.18 0.36%

Historical analysis of Sonoco Products income statement accounts such as Operating Income of 751.6 M, Ebit of 733.1 M, EBITDA of 521.5 M or Cost Of Revenue of 3 B can show how well Sonoco Products performed in making a profits. Evaluating Sonoco Products income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sonoco Products's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Sonoco Products latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sonoco Products is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.

About Sonoco Income Statement Analysis

Sonoco Products Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sonoco Products shareholders. The income statement also shows Sonoco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Sonoco Products Income Statement Chart

At this time, Sonoco Products' Operating Income is very stable compared to the past year. As of the 22nd of November 2024, EBIT is likely to grow to about 733.1 M, while Depreciation And Amortization is likely to drop about 178 M.

Depreciation And Amortization Total Revenue Gross Profit Other Operating Expenses Operating Income Ebitda

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts Sonoco Products generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sonoco Products minus its cost of goods sold. It is profit before Sonoco Products operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sonoco Products. It is also known as Sonoco Products overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Sonoco Products operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Sonoco Products is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Sonoco Products' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sonoco Products current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.At this time, Sonoco Products' Operating Income is very stable compared to the past year. As of the 22nd of November 2024, EBIT is likely to grow to about 733.1 M, while Depreciation And Amortization is likely to drop about 178 M.

	2021	2022	2023	2024 (projected)
Total Revenue	5.6B	7.3B	6.8B	3.8B
Depreciation And Amortization	239.1M	308.8M	341.0M	178.0M

Total Revenue Depreciation And Amortization

Sonoco Products income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		0.96	0.98	0.96	0.52	0.5	0.77	0.95	0.97	0.41	-0.25	0.48	0.28	0.64	0.63	0.92	-0.61	0.46	0.13	0.36	0.06	-0.07	-0.49	0.62	0.6	0.11
Total Revenue	0.96		0.98	1.0	0.45	0.47	0.76	1.0	0.98	0.36	-0.26	0.42	0.24	0.55	0.65	0.92	-0.63	0.39	0.02	0.46	0.04	0.06	-0.37	0.52	0.47	0.14
Gross Profit	0.98	0.98		0.97	0.52	0.52	0.78	0.96	0.99	0.43	-0.26	0.5	0.31	0.64	0.66	0.96	-0.61	0.48	0.03	0.31	0.07	-0.01	-0.51	0.66	0.59	0.13
Other Operating Expenses	0.96	1.0	0.97		0.44	0.46	0.75	1.0	0.98	0.35	-0.25	0.41	0.23	0.54	0.65	0.9	-0.63	0.37	0.02	0.48	0.04	0.06	-0.34	0.5	0.45	0.14
Operating Income	0.52	0.45	0.52	0.44		0.97	0.82	0.43	0.51	0.97	0.47	0.97	0.62	0.78	-0.15	0.52	-0.05	0.83	0.06	0.18	0.57	-0.25	-0.71	0.66	0.33	-0.62
Ebit	0.5	0.47	0.52	0.46	0.97		0.86	0.45	0.51	0.98	0.48	0.98	0.61	0.72	-0.16	0.53	-0.02	0.87	-0.12	0.17	0.62	-0.22	-0.67	0.64	0.28	-0.62
Ebitda	0.77	0.76	0.78	0.75	0.82	0.86		0.74	0.77	0.8	0.36	0.82	0.6	0.57	0.08	0.75	-0.12	0.87	0.0	0.33	0.59	-0.1	-0.5	0.6	0.3	-0.49
Cost Of Revenue	0.95	1.0	0.96	1.0	0.43	0.45	0.74		0.97	0.34	-0.26	0.4	0.22	0.52	0.64	0.9	-0.63	0.36	0.02	0.49	0.04	0.07	-0.33	0.48	0.44	0.14
Total Operating Expenses	0.97	0.98	0.99	0.98	0.51	0.51	0.77	0.97		0.42	-0.24	0.47	0.35	0.63	0.66	0.94	-0.59	0.43	0.0	0.4	0.09	-0.07	-0.45	0.58	0.52	0.13
Income Before Tax	0.41	0.36	0.43	0.35	0.97	0.98	0.8	0.34	0.42		0.57	0.98	0.65	0.7	-0.24	0.45	0.08	0.87	-0.11	0.15	0.69	-0.34	-0.65	0.59	0.21	-0.68
Total Other Income Expense Net	-0.25	-0.26	-0.26	-0.25	0.47	0.48	0.36	-0.26	-0.24	0.57		0.47	0.57	-0.14	-0.87	-0.27	0.77	0.56	0.14	0.22	0.85	-0.22	0.11	-0.18	-0.48	-0.97
Net Income	0.48	0.42	0.5	0.41	0.97	0.98	0.82	0.4	0.47	0.98	0.47		0.56	0.75	-0.16	0.52	-0.03	0.88	-0.1	0.11	0.57	-0.27	-0.72	0.68	0.34	-0.6
Income Tax Expense	0.28	0.24	0.31	0.23	0.62	0.61	0.6	0.22	0.35	0.65	0.57	0.56		0.32	-0.2	0.34	0.35	0.61	-0.03	0.15	0.75	-0.38	-0.24	0.22	-0.09	-0.57
Interest Expense	0.64	0.55	0.64	0.54	0.78	0.72	0.57	0.52	0.63	0.7	-0.14	0.75	0.32		0.37	0.66	-0.54	0.51	-0.14	-0.01	0.06	-0.22	-0.91	0.85	0.62	-0.03
Selling General Administrative	0.63	0.65	0.66	0.65	-0.15	-0.16	0.08	0.64	0.66	-0.24	-0.87	-0.16	-0.2	0.37		0.67	-0.82	-0.21	-0.16	-0.02	-0.56	0.1	-0.28	0.41	0.59	0.82
Research Development	0.92	0.92	0.96	0.9	0.52	0.53	0.75	0.9	0.94	0.45	-0.27	0.52	0.34	0.66	0.67		-0.6	0.51	-0.12	0.17	0.06	-0.02	-0.57	0.7	0.58	0.15
Minority Interest	-0.61	-0.63	-0.61	-0.63	-0.05	-0.02	-0.12	-0.63	-0.59	0.08	0.77	-0.03	0.35	-0.54	-0.82	-0.6		0.17	0.02	-0.12	0.62	-0.27	0.4	-0.46	-0.58	-0.67
Net Income From Continuing Ops	0.46	0.39	0.48	0.37	0.83	0.87	0.87	0.36	0.43	0.87	0.56	0.88	0.61	0.51	-0.21	0.51	0.17		-0.08	-0.04	0.69	-0.16	-0.59	0.64	0.25	-0.67
Non Recurring	0.13	0.02	0.03	0.02	0.06	-0.12	0.0	0.02	0.0	-0.11	0.14	-0.1	-0.03	-0.14	-0.16	-0.12	0.02	-0.08		0.26	-0.03	0.11	0.18	-0.14	0.15	-0.16
Non Operating Income Net Other	0.36	0.46	0.31	0.48	0.18	0.17	0.33	0.49	0.4	0.15	0.22	0.11	0.15	-0.01	-0.02	0.17	-0.12	-0.04	0.26		0.19	-0.18	0.37	-0.36	-0.22	-0.2
Tax Provision	0.06	0.04	0.07	0.04	0.57	0.62	0.59	0.04	0.09	0.69	0.85	0.57	0.75	0.06	-0.56	0.06	0.62	0.69	-0.03	0.19		-0.35	-0.08	0.06	-0.37	-0.83
Interest Income	-0.07	0.06	-0.01	0.06	-0.25	-0.22	-0.1	0.07	-0.07	-0.34	-0.22	-0.27	-0.38	-0.22	0.1	-0.02	-0.27	-0.16	0.11	-0.18	-0.35		0.14	0.0	-0.09	0.18
Net Interest Income	-0.49	-0.37	-0.51	-0.34	-0.71	-0.67	-0.5	-0.33	-0.45	-0.65	0.11	-0.72	-0.24	-0.91	-0.28	-0.57	0.4	-0.59	0.18	0.37	-0.08	0.14		-0.96	-0.67	0.05
Reconciled Depreciation	0.62	0.52	0.66	0.5	0.66	0.64	0.6	0.48	0.58	0.59	-0.18	0.68	0.22	0.85	0.41	0.7	-0.46	0.64	-0.14	-0.36	0.06	0.0	-0.96		0.74	0.01
Extraordinary Items	0.6	0.47	0.59	0.45	0.33	0.28	0.3	0.44	0.52	0.21	-0.48	0.34	-0.09	0.62	0.59	0.58	-0.58	0.25	0.15	-0.22	-0.37	-0.09	-0.67	0.74		0.33
Selling And Marketing Expenses	0.11	0.14	0.13	0.14	-0.62	-0.62	-0.49	0.14	0.13	-0.68	-0.97	-0.6	-0.57	-0.03	0.82	0.15	-0.67	-0.67	-0.16	-0.2	-0.83	0.18	0.05	0.01	0.33

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Sonoco Products Account Relationship Matchups

Sonoco Products income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	273.8M	255.4M	239.1M	308.8M	341.0M	178.0M
Total Revenue	5.4B	5.2B	5.6B	7.3B	6.8B	3.8B
Gross Profit	1.1B	1.0B	1.1B	1.4B	1.4B	798.9M
Other Operating Expenses	4.8B	4.7B	5.1B	6.5B	6.1B	3.5B
Operating Income	467.1M	487.8M	(64.7M)	675.4M	715.8M	751.6M
Ebit	467.1M	330.6M	(97.0M)	789.9M	698.2M	733.1M
Ebitda	740.9M	586.0M	142.1M	1.1B	1.0B	521.5M
Cost Of Revenue	4.3B	4.2B	4.5B	5.8B	5.3B	3.0B
Total Operating Expenses	530.9M	528.4M	558.2M	707.3M	719.9M	436.0M
Income Before Tax	380.8M	255.6M	(161.0M)	571.3M	614.8M	645.6M
Total Other Income Expense Net	(86.3M)	(102.2M)	(647.8M)	(104.1M)	(101.0M)	(95.9M)
Net Income	291.8M	207.5M	(93.6M)	466.4M	475.0M	498.7M
Income Tax Expense	93.3M	53.0M	(67.4M)	118.5M	149.3M	83.2M
Interest Expense	61.6M	72.1M	59.2M	97.0M	136.7M	143.5M
Selling General Administrative	555.6M	558.6M	1.1B	714.4M	741.9M	480.6M
Research Development	23.3M	22M	24.1M	28.7M	29.3M	21.1M
Net Income Applicable To Common Shares	291.8M	207.5M	(85.5M)	466.4M	536.4M	563.2M
Minority Interest	883K	(222K)	(2.8M)	(543K)	(255K)	(242.3K)
Net Income From Continuing Ops	287.5M	202.6M	(82.7M)	467.0M	491.2M	263.9M
Non Recurring	40.1M	59.9M	145.6M	14.2M	16.3M	15.5M
Non Operating Income Net Other	16.2M	10.4M	7.7M	(4.6M)	(5.3M)	(5.0M)
Tax Provision	93.3M	53.0M	(67.4M)	118.5M	128.8M	71.1M
Interest Income	5.2M	72.1M	59.2M	97.0M	7.9M	7.5M
Net Interest Income	(61.6M)	(72.1M)	(59.2M)	(97.0M)	(123.9M)	(117.7M)
Reconciled Depreciation	239.1M	255.4M	239.1M	308.8M	327.1M	286.5M
Selling And Marketing Expenses	24.7M	30.1M	568.4M	7.1M	14.3M	13.6M

Pair Trading with Sonoco Products

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sonoco Products position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sonoco Products will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sonoco Stock

0.84

AVY

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Pair Corr

Moving against Sonoco Stock

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The ability to find closely correlated positions to Sonoco Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonoco Products when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sonoco Products - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sonoco Products to buy it.

The correlation of Sonoco Products is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonoco Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonoco Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sonoco Products can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Sonoco Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sonoco Products' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sonoco Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sonoco Products Stock:

How To Invest In Sonoco

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Is Sonoco Stock a good investment?

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What is Sonoco Products' Net Worth?

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Largest Packaging & Containers Companies

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Largest Consumer Cyclical Companies

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To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Paper & Plastic Packaging Products & Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sonoco Products. If investors know Sonoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sonoco Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.61)

Dividend Share

2.06

Earnings Share

2.91

Revenue Per Share

66.695

Quarterly Revenue Growth

(0.02)

The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Sonoco Historical Income Statement

About Sonoco Income Statement Analysis

Sonoco Products Income Statement Chart

Depreciation And Amortization

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Sonoco Products income statement Correlations

Sonoco Products Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sonoco Products income statement Accounts

Pair Trading with Sonoco Products

Moving together with Sonoco Stock

Moving against Sonoco Stock

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COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Operating Expenses	+ 0.99	Gross Profit
Gross Profit	+ 0.98	Depreciation And Amortization
Gross Profit	+ 0.98	Total Revenue

Selling And Marketing Expenses	- 0.97	Total Other Income Expense Net
Reconciled Depreciation	- 0.96	Net Interest Income
Net Interest Income	- 0.91	Interest Expense
Selling General Administrative	- 0.87	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.83	Tax Provision
Minority Interest	- 0.82	Selling General Administrative