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Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
BERRY GLOBAL GROUP, INC.’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.
CAGR 1.2% (FY2020 to FY2024)
CAGR 35.6% (FY2020 to FY2024)
CAGR -5.6% (FY2020 to FY2024)
CAGR -2.0% (FY2020 to FY2024)
Change vs FY2020: +1269 bps
Change vs FY2020: -243 bps
Change vs FY2020: -56 bps
Profitability profile tracked across FY2020 through FY2024.
Side-by-side read of gross, operating, and net margin.
Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.
FY2024 versus FY2023
FY2024 versus FY2023
FY2024 versus FY2023
FY2024 versus FY2023
Negative values are highlighted to make slowdowns obvious.
The most direct way to see whether the business is accelerating or rolling over.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Over the past five years, BERRY GLOBAL GROUP, INC. has experienced mixed performance across its key financial metrics. Revenue grew notably from 2020's US$11,709 million to an all‐time high of approximately US$14,495 million in 2022, reflecting robust market demand and possibly strategic expansions or favorable pricing. Gross profit saw a dramatic recovery from US$666 million in 2020 to US$2,498 million in 2021, but then began a gradual decline to US$2,253 million in 2024. Operating income similarly peaked in 2021 at US$1,292 million before dropping to US$937 million in 2024. Net income followed a comparable trajectory, increasing to US$766 million in 2022 before falling to US$516 million in 2024. The significant surge in gross profit between 2020 and 2021 and the subsequent declines in operating and net income from 2022 onward—especially the sharp year-over-year decline of over 20% in net income from 2022 to 2023—suggest periods of operational adjustments and margin pressures. In context, as a leading provider of engineered materials and packaging solutions, Berry Global operates in an industry often challenged by fluctuating raw material costs, supply chain disruptions, and evolving regulatory demands around sustainability. The marked improvements until 2022 indicate effective strategies during favorable market conditions, but the decline post-2022 suggests emerging pressures that merit closer monitoring. Overall, while the company’s historical performance has been strong, the downward trends in operating and net income in recent years highlight the need for strategic cost controls and market adaptation to ensure long-term financial health and sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.