Cash generation remains robust relative to earnings, as evidenced by an OCF/NI ratio of 1.90 in 2026Q1 and a disciplined FCF margin of 14.2%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 102.83M | 86.76M | 79.29M | 86.17M | 72.62M | 44.91M | 46.51M | 54.32M | 61.25M | 44.44M | 33.72M | 37.73M | 39.06M | 96.07M | 60.75M | 64.17M | 45.64M | 72.34M | 61.95M | 97.07M | 80.95M | 67.23M | 46.42M | 51.13M | 65.51M | 76.8M | 67.34M | 57.4M | 42.3M | 36.2M | 34.7M |
| Operating CF Margin % | - | 10.51% | 9.48% | 10.6% | 8.07% | 5.9% | 9.11% | 10.53% | 10.81% | 8.12% | 6.04% | 6.27% | 6.26% | 11.64% | 7.68% | 8.49% | 6.19% | 10.31% | 7.14% | 10.56% | 10.38% | 7.44% | 5.78% | 7.73% | 10.77% | 12.63% | 10.32% | 9.88% | 10.79% | 10.66% | 10.81% |
| Operating CF Growth % | 287.14% | 9.42% | -7.98% | 18.66% | 61.69% | -3.43% | -14.39% | -11.31% | 37.83% | 31.78% | -10.63% | -3.4% | -59.34% | 58.13% | -5.33% | 40.61% | -36.91% | 16.77% | -36.18% | 19.92% | 20.4% | 44.82% | -9.21% | -21.94% | -14.71% | 14.06% | 17.31% | 35.7% | 16.85% | 4.32% | 52.86% |
| Net Income | 41.92M | 34.93M | 7.2M | 48.87M | 60.27M | 33.54M | 36.77M | 24.33M | -3.35M | -9.89M | 1.06M | 17.17M | -6.37M | 26M | 29.96M | 24.5M | -42.83M | 7M | -44.49M | 54.74M | -69.02M | 26.56M | 25.71M | 16.33M | 23.96M | 15.19M | 24M | 31.2M | 28.7M | 22.3M | 21M |
| Depreciation & Amortization | 38.55M | 39.28M | 38.59M | 22.79M | 21.22M | 20.42M | 20.93M | 23.58M | 26.12M | 28.84M | 34.47M | 34.98M | 30.77M | 37.27M | 33.01M | 34.21M | 33.55M | 36.27M | 40.35M | 37.73M | 28.21M | 36M | 39.18M | 36.55M | 35.71M | 43.91M | 42.83M | 37.5M | 17.6M | 13.2M | 11.3M |
| Stock-Based Compensation | 2.44M | 3.54M | 1.66M | 6.67M | 7.44M | 3.2M | 3.53M | 1.72M | 4.26M | 3.63M | 3.36M | 4.93M | 3.12M | 838K | 2.38M | 2.6M | 2.33M | 2.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 3.21M | 3.21M | -6.05M | 1.04M | 2.07M | 2.83M | 8.73M | -922K | -9.45M | -5.66M | -243K | -1.7M | -3.34M | -4.32M | 1.05M | -184K | -13.29M | -1.41M | -5.67M | -3.38M | -101.35K | 2.16M | -71.43K | 4.42M | 4.53M | 1.63M | 964.87K | 3.5M | 100K | 200K | 500K |
| Other Non-Cash Items | -478K | 827K | 28.29M | 1.06M | 1.29M | -2.32M | -10.5M | 11.84M | 35.05M | 14.93M | 7.87M | -16.34M | 3.85M | 2.42M | -1.58M | 5.59M | 71.28M | 1.02M | 72.02M | -25.37M | 555.31K | -1.05M | -1.52M | 0 | 0 | 0 | 0 | 0 | -100K | 100K | 100K |
| Working Capital Changes | 17.2M | 4.99M | 9.59M | 5.75M | -19.66M | -12.75M | -12.96M | -6.23M | 8.62M | 12.6M | -12.78M | -1.31M | 11.03M | 33.86M | -4.07M | -2.55M | -5.4M | 26.8M | 131.01K | 51.44M | 10.31M | 3.57M | -16.86M | -6.16M | 1.31M | 16.07M | -456K | -14.8M | -4M | 400K | 1.8M |
| Change in Receivables | 90K | -11.91M | 26.82M | 2.66M | -23.63M | -15.27M | -11.59M | 12.48M | 4.93M | -6.76M | 4.31M | 4.85M | 2.57M | -716K | -2M | -8.66M | -11.45M | 7.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 20.23M | 11.39M | 6.23M | 2.63M | 7.96M | -24.89M | -7.87M | 2.22M | 3.15M | -1.88M | 9.72M | 5.27M | 801K | -1.58M | -2.78M | 455K | 4.96M | 10.87M | 5.74M | 13.13M | 9.21M | 1.91M | -24.99M | 2.98M | 741.87K | 6.36M | -3.08M | -7.7M | -5.1M | -2.8M | 1.4M |
| Change in Payables | -12.64M | 8.3M | -22.93M | 310K | 0 | 0 | -20.69M | 0 | 713K | 18.3M | -27.32M | -12.53M | 6.91M | 35.45M | -3.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -13.49M | -18.93M | -372.5M | -22.76M | -50.38M | -50.29M | -75.55M | -20.76M | -2.49M | 4.14M | -16.09M | 47.72M | -168.6M | -29.94M | -39.98M | -22.04M | -15.37M | 2M | -38.99M | -14.1M | -13.34M | -23.49M | -65.64M | -20.35M | -31.51M | -34.47M | -61.09M | -241.4M | -49.2M | -27.2M | -22.4M |
| Capital Expenditures | -14.24M | -19.55M | -24.43M | -22.86M | -24.29M | -17.87M | -13.42M | -10.29M | -5.12M | -5.81M | -12.52M | -23.73M | -24.17M | -30M | -26.98M | -21.93M | -20.53M | -15.99M | -40.98M | -19.81M | -12.38M | -26.86M | -25.9M | -20.01M | -28.39M | -25.18M | -43.61M | -241.1M | -49.5M | -26.7M | -21.5M |
| CapEx % of Revenue | 1.82% | 2.37% | 2.92% | 2.81% | 2.7% | 2.35% | 2.63% | 2% | 0.9% | 1.06% | 2.24% | 3.94% | 3.88% | 3.64% | 3.41% | 2.9% | 2.78% | 2.28% | 4.72% | 2.16% | 1.59% | 2.97% | 3.23% | 3.03% | 4.67% | 4.14% | 6.68% | 41.51% | 12.63% | 7.86% | 6.7% |
| Acquisitions | 463K | 0 | -348.31M | -160K | -27.63M | -35.76M | -63.33M | -18M | 2.63M | 11.06M | -4.03M | 70.76M | -156.62M | -600K | -16.04M | -1.1M | -411K | -1.18M | 0 | -63.2M | 0 | 0 | -41.49M | -776.06K | -2.82M | -7.48M | -17.53M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 287K | 624K | 242K | 258K | 1.54M | 3.34M | 1.2M | 7.54M | 2.63M | 9.95M | 468K | 680K | 12.19M | 660K | 3.04M | 993K | 5.57M | 19.17M | 1.98M | 68.91M | -955.16K | 3.37M | 1.75M | 439.24K | -298.23K | -1.81M | 42.2K | -300K | 300K | -500K | -900K |
| Cash from Financing | -76.16M | -54.48M | 295.1M | -56.52M | -16.32M | -5.19M | -18.32M | -16.99M | -10.76M | -53.74M | -17.75M | -81.82M | 126.86M | -60.79M | -26.4M | -39.41M | -30.72M | -81.28M | -10.42M | -109.37M | -54.81M | -30.37M | 20.76M | -26.82M | -39.37M | -37.43M | -5.16M | 150.3M | 35.5M | -8.3M | -10.1M |
| Debt Issued (Net) | -54.63M | -31.62M | 323.41M | -36.54M | 1.61M | 11.5M | 0 | 0 | -74.56M | -40.27M | -3.8M | -37.11M | 195.49M | -49.1M | -9.56M | -9.69M | -20.48M | -69.11M | 7.36M | -102.93M | -49.89M | -24.26M | 25.72M | -20.76M | -35.77M | -33.14M | 4.54M | 157.5M | 38.5M | -500K | -9.2M |
| Equity Issued (Net) | -398K | -1.4M | 3.34M | 2.34M | 2.32M | 3.79M | 1.73M | 3.34M | 82.38M | 4.53M | 3.37M | -27.1M | -51.97M | -8.78M | -1.08M | -20.2M | 138K | 271K | 523K | 1.31M | 2.32M | 1.35M | 2.47M | 1.01M | 2.28M | 1.17M | -4.73M | -2.5M | 900K | -4.3M | -900K |
| Dividends Paid | -20.32M | -20.49M | -20.43M | -20.24M | -19.8M | -19.6M | -19.43M | -19.32M | -17.86M | -16.34M | -16.22M | -16.68M | -15.71M | -9.1M | -13.01M | -9.52M | -9.21M | -8.44M | -18.3M | -7.64M | -7.17M | -6.95M | -6.48M | -6.03M | -5.88M | -5.45M | -4.97M | -4.7M | -4M | -3.5M | 0 |
| Share Repurchases | -1.52M | -2.52M | 0 | 0 | 0 | 0 | 0 | 0 | -714K | -620K | 0 | -30.02M | -54.9M | -8.1M | -4.2M | -20.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.53M | -4M | -100K | -5.2M | -1.6M |
| Other Financing | -813K | -965K | -11.22M | -2.07M | -451K | -888K | -623K | -1.01M | -714K | -1.65M | -1.1M | -937K | -951K | 6.2M | -253K | 0 | -1.17M | -4M | 5.67K | -104.15K | -76.24K | -509.38K | -951.51K | -1.04M | 0 | 0 | 0 | 0 | 100K | 0 | -3M |
| Net Change in Cash | 9.29M | 12.83M | 1.93M | 7.15M | 5.48M | -10.65M | -47.23M | 16.63M | 47.72M | 116K | 544K | 2.67M | -1.86M | 2.59M | -2.85M | 2.1M | -23K | -5.69M | 2.86M | -26.16M | 14.56M | 11.14M | 2.35M | 3.96M | -5.37M | 4.9M | 1.08M | -33.7M | -6.3M | -5.6M | -3.4M |
| Free Cash Flow | 88.59M | 67.21M | 54.86M | 63.32M | 48.33M | 27.05M | 33.09M | 44.03M | 56.13M | 38.63M | 21.2M | 14.01M | 14.89M | 66.07M | 33.77M | 42.24M | 25.11M | 56.34M | 20.97M | 77.26M | 68.57M | 40.38M | 20.52M | 31.12M | 37.12M | 51.62M | 23.73M | -183.7M | -7.2M | 9.5M | 13.2M |
| FCF Margin % | 11.31% | 8.14% | 6.56% | 7.79% | 5.37% | 3.55% | 6.48% | 8.54% | 9.9% | 7.06% | 3.8% | 2.33% | 2.39% | 8.01% | 4.27% | 5.59% | 3.4% | 8.03% | 2.42% | 8.41% | 8.79% | 4.47% | 2.56% | 4.71% | 6.1% | 8.49% | 3.64% | -31.63% | -1.84% | 2.8% | 4.11% |
| FCF Growth % | 109.22% | 22.51% | -13.36% | 31.01% | 78.69% | -18.25% | -24.85% | -21.56% | 45.32% | 82.21% | 51.36% | -5.93% | -77.47% | 95.61% | -20.04% | 68.26% | -55.44% | 168.65% | -72.85% | 12.68% | 69.81% | 96.72% | -34.05% | -16.14% | -28.09% | 117.52% | 112.92% | -2451.39% | -175.79% | -28.03% | 23.36% |
| FCF per Share | 2.35 | 1.79 | 1.47 | 1.71 | 1.35 | 0.74 | 0.92 | 1.23 | 1.68 | 1.26 | 0.71 | 0.45 | 0.46 | 1.94 | 0.99 | 1.22 | 0.71 | 1.60 | 0.60 | 2.19 | 1.96 | 1.16 | 0.60 | 0.94 | 1.13 | 1.58 | 0.66 | -5.49 | -0.22 | 0.28 | 0.39 |
| FCF Conversion (FCF/Net Income) | 2.11x | 2.48x | 11.01x | 1.76x | 1.20x | 1.34x | 1.26x | 2.23x | -18.29x | -4.49x | 31.90x | 2.20x | -6.13x | 3.69x | 2.03x | 2.62x | -1.07x | -105.91x | -1.39x | 1.77x | -1.17x | 2.53x | 1.81x | 3.13x | 2.73x | 5.06x | 2.81x | 1.84x | 1.47x | 1.62x | 1.65x |
| Interest Paid | 0 | 0 | 31.65M | 5.98M | 4.57M | 4.28M | 4.5M | 4.66M | 6.24M | 8.91M | 8.92M | 10.13M | 4.97M | 4.2M | 4.01M | 4.13M | 6.92M | 8.32M | 10.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 13.04M | 13.45M | 13.02M | 10.94M | 5.36M | 11.44M | 5.54M | 5.65M | 8.14M | 10.14M | 11.36M | 12.32M | 21.2M | 11.17M | 9.47M | 5.9M | 19.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Resin price volatility exposure
According to the provided cash flow data, Myers Industries consistently reports operating cash flow significantly higher than net income, with the OCF/NI ratio reaching 1.90 in 2026Q1, suggesting that non-cash charges and working capital adjustments are the primary drivers of the company's reported cash generation profile.
The persistent gap between net income and operating cash flow indicates that accounting earnings may not fully capture the underlying cash-generating capacity of the business. Investors should monitor whether this divergence is driven by sustainable depreciation benefits or aggressive working capital management that may eventually reverse.
As reported in financial statements, Myers Industries achieved an FCF margin of 14.2% in 2026Q1, a notable improvement from the 1.0% margin observed in 2025Q1, reflecting a disciplined approach to capital allocation despite the broader revenue headwinds currently impacting the company's core industrial packaging segments.
The trajectory of free cash flow appears to be decoupling from the volatility seen in net income, suggesting that management is successfully prioritizing cash preservation. This trend warrants further investigation to determine if the improvement is sustainable or merely a result of reduced capital expenditure intensity.
Based on the company's reported figures, the CapEx/Revenue ratio has remained tightly controlled, averaging approximately 2.4% over the last ten quarters, which indicates that Myers Industries operates with a relatively light asset-replacement burden compared to more capital-intensive peers in the industrial packaging and container industry.
The low capital intensity suggests that the company does not require massive reinvestment to maintain its current manufacturing footprint. This provides management with significant flexibility to deploy cash toward dividends or strategic acquisitions, provided the core business remains competitive without substantial new capital outlays.
Data from recent quarterly filings reveals significant fluctuations in working capital, with a $4.4 million inflow in 2026Q1 following a $7.9 million outflow in 2025Q1, highlighting the sensitivity of the company's cash position to inventory cycles and the timing of customer payments within the distribution segment.
The erratic nature of these working capital swings suggests that the company's cash flow is highly susceptible to supply chain disruptions and shifts in demand for tire repair supplies. Analysts should scrutinize whether these movements represent temporary timing differences or a structural shift in the efficiency of the cash conversion cycle.
Quick answers to the most common questions about buying MYE stock.
Myers Industries, Inc. (MYE) generated $86.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Myers Industries, Inc. (MYE) generated $67.2M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Myers Industries, Inc. (MYE) spent $19.6M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Myers Industries, Inc. (MYE) returned $20.5M to shareholders via cash dividends and spent $2.5M on share repurchases. This shows the company's commitment to returning capital to its equity investors.