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Side-by-side financial comparison of SEALED AIR CORP (SEE) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 2.0× SEALED AIR CORP). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 3.1%, a 2.4% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs 2.0%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -15.8%).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
SEE vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.7B |
| Net Profit | $43.8M | $150.1M |
| Gross Margin | 28.6% | 33.0% |
| Operating Margin | 11.4% | — |
| Net Margin | 3.1% | 5.5% |
| Revenue YoY | 2.6% | 2.0% |
| Net Profit YoY | 700.0% | 25.0% |
| EPS (diluted) | $0.30 | $0.80 |
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.
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.4B | $3.1B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $43.8M | $238.3M | ||
| Q3 25 | $255.1M | $-2.9B | ||
| Q2 25 | $93.1M | $428.7M | ||
| Q1 25 | $113.5M | $121.0M | ||
| Q4 24 | $-7.3M | $287.8M | ||
| Q3 24 | $91.7M | $199.8M | ||
| Q2 24 | $98.3M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 28.6% | 31.0% | ||
| Q3 25 | 29.8% | 33.7% | ||
| Q2 25 | 30.7% | 34.3% | ||
| Q1 25 | 30.9% | 31.6% | ||
| Q4 24 | 30.0% | 32.0% | ||
| Q3 24 | 30.1% | 33.4% | ||
| Q2 24 | 31.2% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 11.4% | 10.4% | ||
| Q3 25 | 13.8% | -98.5% | ||
| Q2 25 | 15.0% | 15.6% | ||
| Q1 25 | 14.5% | 6.9% | ||
| Q4 24 | 11.7% | 12.0% | ||
| Q3 24 | 13.9% | 12.5% | ||
| Q2 24 | 15.4% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 3.1% | 7.6% | ||
| Q3 25 | 19.0% | -84.0% | ||
| Q2 25 | 7.0% | 11.5% | ||
| Q1 25 | 9.0% | 4.5% | ||
| Q4 24 | -0.5% | 8.9% | ||
| Q3 24 | 6.9% | 5.5% | ||
| Q2 24 | 7.4% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $0.30 | $1.32 | ||
| Q3 25 | $1.73 | $-14.79 | ||
| Q2 25 | $0.63 | $2.13 | ||
| Q1 25 | $0.77 | $0.59 | ||
| Q4 24 | $-0.05 | $1.39 | ||
| Q3 24 | $0.63 | $0.96 | ||
| Q2 24 | $0.67 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $344.0M | $382.6M |
| Total DebtLower is stronger | $3.3B | $3.8B |
| Stockholders' EquityBook value | $1.2B | $10.3B |
| Total Assets | $7.0B | $22.4B |
| Debt / EquityLower = less leverage | 2.65× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $344.0M | $896.5M | ||
| Q3 25 | $282.5M | $950.2M | ||
| Q2 25 | $354.4M | $613.8M | ||
| Q1 25 | $335.2M | $412.7M | ||
| Q4 24 | $371.8M | $969.3M | ||
| Q3 24 | $386.0M | $1.0B | ||
| Q2 24 | $388.6M | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.3B | $6.3B | ||
| Q3 25 | $4.0B | $6.3B | ||
| Q2 25 | $4.0B | $6.3B | ||
| Q1 25 | $4.2B | $6.2B | ||
| Q4 24 | $4.2B | $6.1B | ||
| Q3 24 | $4.3B | $6.2B | ||
| Q2 24 | $4.4B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $1.2B | $10.2B | ||
| Q3 25 | $1.2B | $10.3B | ||
| Q2 25 | $953.1M | $13.4B | ||
| Q1 25 | $797.9M | $13.1B | ||
| Q4 24 | $624.5M | $13.1B | ||
| Q3 24 | $771.2M | $13.3B | ||
| Q2 24 | $650.1M | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $7.0B | $22.7B | ||
| Q3 25 | $7.1B | $22.9B | ||
| Q2 25 | $7.2B | $26.8B | ||
| Q1 25 | $7.0B | $25.9B | ||
| Q4 24 | $7.0B | $26.1B | ||
| Q3 24 | $7.3B | $26.6B | ||
| Q2 24 | $7.3B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 2.65× | 0.61× | ||
| Q3 25 | 3.34× | 0.61× | ||
| Q2 25 | 4.18× | 0.47× | ||
| Q1 25 | 5.26× | 0.47× | ||
| Q4 24 | 6.72× | 0.47× | ||
| Q3 24 | 5.62× | 0.47× | ||
| Q2 24 | 6.81× | 0.53× |
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 | $293.6M | — |
| Free Cash FlowOCF − Capex | $257.7M | — |
| FCF MarginFCF / Revenue | 18.5% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 6.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $458.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $293.6M | $540.7M | ||
| Q3 25 | $165.9M | $616.1M | ||
| Q2 25 | $136.6M | $718.3M | ||
| Q1 25 | $31.9M | $-90.7M | ||
| Q4 24 | $244.2M | $494.5M | ||
| Q3 24 | $170.5M | $521.2M | ||
| Q2 24 | $188.2M | $869.2M |
| Q1 26 | — | — | ||
| Q4 25 | $257.7M | $357.8M | ||
| Q3 25 | $119.6M | $483.0M | ||
| Q2 25 | $93.2M | $555.0M | ||
| Q1 25 | $-12.0M | $-328.0M | ||
| Q4 24 | $185.1M | $383.4M | ||
| Q3 24 | $115.2M | $350.4M | ||
| Q2 24 | $129.5M | $691.7M |
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | 11.4% | ||
| Q3 25 | 8.9% | 13.9% | ||
| Q2 25 | 7.0% | 14.8% | ||
| Q1 25 | -0.9% | -12.2% | ||
| Q4 24 | 13.6% | 11.8% | ||
| Q3 24 | 8.6% | 9.7% | ||
| Q2 24 | 9.7% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 5.9% | ||
| Q3 25 | 3.4% | 3.8% | ||
| Q2 25 | 3.3% | 4.4% | ||
| Q1 25 | 3.5% | 8.8% | ||
| Q4 24 | 4.4% | 3.4% | ||
| Q3 24 | 4.1% | 4.7% | ||
| Q2 24 | 4.4% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 6.70× | 2.27× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.47× | 1.68× | ||
| Q1 25 | 0.28× | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | 1.86× | 2.61× | ||
| Q2 24 | 1.91× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
TAP
Segment breakdown not available.
