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Side-by-side financial comparison of Amcor (AMCR) and FRIEDMAN INDUSTRIES INC (FRD). Click either name above to swap in a different company.
Amcor is the larger business by last-quarter revenue ($5.4B vs $168.0M, roughly 32.4× FRIEDMAN INDUSTRIES INC). Amcor runs the higher net margin — 3.2% vs 1.8%, a 1.4% gap on every dollar of revenue. On growth, FRIEDMAN INDUSTRIES INC posted the faster year-over-year revenue change (78.6% vs 68.1%). Amcor produced more free cash flow last quarter ($282.0M vs $-6.3M). Over the past eight quarters, FRIEDMAN INDUSTRIES INC's revenue compounded faster (33.6% CAGR vs 26.4%).
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, incl...
Hellman & Friedman (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman that makes investments primarily through leveraged buyouts as well as growth capital investments. It has focused its efforts on several core target industries including media, financial services, professional services and information services.
AMCR vs FRD — Head-to-Head
Income Statement — Q2 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $168.0M |
| Net Profit | $177.0M | $3.0M |
| Gross Margin | 19.1% | 2.3% |
| Operating Margin | 6.1% | 2.3% |
| Net Margin | 3.2% | 1.8% |
| Revenue YoY | 68.1% | 78.6% |
| Net Profit YoY | 8.6% | 364.1% |
| EPS (diluted) | $0.38 | $0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.4B | $168.0M | ||
| Q3 25 | $5.7B | $152.4M | ||
| Q2 25 | $5.1B | $134.8M | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | $94.1M | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.5B | $114.6M | ||
| Q1 24 | $3.4B | — |
| Q4 25 | $177.0M | $3.0M | ||
| Q3 25 | $262.0M | $2.2M | ||
| Q2 25 | $-39.0M | $5.0M | ||
| Q1 25 | $196.0M | — | ||
| Q4 24 | $163.0M | $-1.2M | ||
| Q3 24 | $191.0M | — | ||
| Q2 24 | $257.0M | $2.6M | ||
| Q1 24 | $187.0M | — |
| Q4 25 | 19.1% | 2.3% | ||
| Q3 25 | 19.6% | 1.9% | ||
| Q2 25 | 17.6% | 5.2% | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 21.3% | -1.2% | ||
| Q1 24 | 20.3% | — |
| Q4 25 | 6.1% | 2.3% | ||
| Q3 25 | 8.0% | 1.9% | ||
| Q2 25 | 1.7% | 5.2% | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | 9.2% | -1.3% | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 11.2% | -1.2% | ||
| Q1 24 | 9.0% | — |
| Q4 25 | 3.2% | 1.8% | ||
| Q3 25 | 4.6% | 1.5% | ||
| Q2 25 | -0.8% | 3.7% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 5.0% | -1.2% | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 7.3% | 2.2% | ||
| Q1 24 | 5.5% | — |
| Q4 25 | $0.38 | $0.43 | ||
| Q3 25 | $0.11 | $0.32 | ||
| Q2 25 | $-0.06 | $0.71 | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.11 | $-0.17 | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.18 | $0.37 | ||
| Q1 24 | $0.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $3.0M |
| Total DebtLower is stronger | $14.6B | — |
| Stockholders' EquityBook value | $11.6B | $142.2M |
| Total Assets | $37.0B | $311.9M |
| Debt / EquityLower = less leverage | 1.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $3.0M | ||
| Q3 25 | $825.0M | $4.6M | ||
| Q2 25 | $827.0M | $2.1M | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $445.0M | $1.1M | ||
| Q3 24 | $432.0M | — | ||
| Q2 24 | $588.0M | $4.1M | ||
| Q1 24 | $457.0M | — |
| Q4 25 | $14.6B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $13.8B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $6.6B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | $11.6B | $142.2M | ||
| Q3 25 | $11.7B | $139.3M | ||
| Q2 25 | $11.7B | $137.3M | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | $127.3M | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | $129.7M | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $37.0B | $311.9M | ||
| Q3 25 | $37.1B | $311.3M | ||
| Q2 25 | $37.1B | $219.1M | ||
| Q1 25 | $18.0B | — | ||
| Q4 24 | $16.2B | $210.3M | ||
| Q3 24 | $16.9B | — | ||
| Q2 24 | $16.5B | $222.8M | ||
| Q1 24 | $16.7B | — |
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 1.70× | — | ||
| Q1 24 | 1.79× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $503.0M | $-4.7M |
| Free Cash FlowOCF − Capex | $282.0M | $-6.3M |
| FCF MarginFCF / Revenue | 5.2% | -3.8% |
| Capex IntensityCapex / Revenue | 4.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.84× | -1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $805.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $503.0M | — | ||
| Q3 25 | $-133.0M | — | ||
| Q2 25 | $1.1B | $15.5M | ||
| Q1 25 | $117.0M | — | ||
| Q4 24 | $428.0M | — | ||
| Q3 24 | $-269.0M | — | ||
| Q2 24 | $943.0M | $-6.1M | ||
| Q1 24 | $150.0M | — |
| Q4 25 | $282.0M | — | ||
| Q3 25 | $-371.0M | — | ||
| Q2 25 | $894.0M | $13.7M | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $-414.0M | — | ||
| Q2 24 | $809.0M | $-7.1M | ||
| Q1 24 | $37.0M | — |
| Q4 25 | 5.2% | — | ||
| Q3 25 | -6.5% | — | ||
| Q2 25 | 17.6% | 10.2% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | -12.3% | — | ||
| Q2 24 | 22.9% | -6.2% | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 4.3% | 1.3% | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.8% | 0.9% | ||
| Q1 24 | 3.3% | — |
| Q4 25 | 2.84× | — | ||
| Q3 25 | -0.51× | — | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 2.63× | — | ||
| Q3 24 | -1.41× | — | ||
| Q2 24 | 3.67× | -2.36× | ||
| Q1 24 | 0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMCR
| Flexibles Segment | $3.2B | 59% |
| Rigid Packaging Segment | $2.3B | 42% |
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
