Despite a 20.4% revenue decline in 2026Q1, the company achieved an improved operating margin of 15.1%, suggesting that recent SG&A streamlining efforts are effectively supporting bottom-line profitability.
| 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 |
|---|
| Sales/Revenue | 783.57M | 825.74M | 836.28M | 813.07M | 899.55M | 761.43M | 510.37M | 515.7M | 566.74M | 547.04M | 558.06M | 601.54M | 623.65M | 825.21M | 791.19M | 755.65M | 737.62M | 701.83M | 867.83M | 918.79M | 779.98M | 903.68M | 803.07M | 661.09M | 607.99M | 607.95M | 652.66M | 580.8M | 392M | 339.6M | 320.9M |
| Revenue Growth % | -6.26% | -1.26% | 2.86% | -9.61% | 18.14% | 49.19% | -1.03% | -9.01% | 3.6% | -1.97% | -7.23% | -3.55% | -24.43% | 4.3% | 4.7% | 2.45% | 5.1% | -19.13% | -5.55% | 17.8% | -13.69% | 12.53% | 21.48% | 8.73% | 0.01% | -6.85% | 12.37% | 48.16% | 15.43% | 5.83% | 6.72% |
| Cost of Goods Sold | 523.75M | 549.69M | 565.48M | 553.98M | 615.48M | 549.11M | 338.41M | 344.39M | 387.44M | 389.59M | 393.42M | 423.26M | 459.93M | 607.58M | 575.91M | 557.38M | 573.09M | 530.94M | 664.71M | 683.11M | 572.44M | 657.51M | 564.3M | 460.8M | 406.57M | 403.01M | 392.25M | 330.1M | 238.9M | 219.2M | 207.9M |
| COGS % of Revenue | - | 66.57% | 67.62% | 68.13% | 68.42% | 72.12% | 66.31% | 66.78% | 68.36% | 71.22% | 70.5% | 70.36% | 73.75% | 73.63% | 72.79% | 73.76% | 77.7% | 75.65% | 76.59% | 74.35% | 73.39% | 72.76% | 70.27% | 69.7% | 66.87% | 66.29% | 60.1% | 56.84% | 60.94% | 64.55% | 64.79% |
| Gross Profit | 259.82M | 276.05M | 270.81M | 259.09M | 284.07M | 212.32M | 171.96M | 171.31M | 179.29M | 157.45M | 164.64M | 178.28M | 163.72M | 217.63M | 215.28M | 198.27M | 164.52M | 170.9M | 203.12M | 235.69M | 207.55M | 246.17M | 238.77M | 200.29M | 201.42M | 204.94M | 260.41M | 250.7M | 153.1M | 120.4M | 113M |
| Gross Margin % | 33.16% | 33.43% | 32.38% | 31.87% | 31.58% | 27.88% | 33.69% | 33.22% | 31.64% | 28.78% | 29.5% | 29.64% | 26.25% | 26.37% | 27.21% | 26.24% | 22.3% | 24.35% | 23.41% | 25.65% | 26.61% | 27.24% | 29.73% | 30.3% | 33.13% | 33.71% | 39.9% | 43.16% | 39.06% | 35.45% | 35.21% |
| Gross Profit Growth % | - | 1.94% | 4.52% | -8.79% | 33.79% | 23.47% | 0.38% | -4.45% | 13.87% | -4.37% | -7.65% | 8.9% | -24.77% | 1.09% | 8.58% | 20.51% | -3.73% | -15.86% | -13.82% | 13.56% | -15.69% | 3.1% | 19.22% | -0.56% | -1.72% | -21.3% | 3.87% | 63.75% | 27.16% | 6.55% | 7.52% |
| Operating Expenses | 176.56M | 200.89M | 226.32M | 186.68M | 200.13M | 163.02M | 118.41M | 134.05M | 172.67M | 135.5M | 138.6M | 147.42M | 138.58M | 173.69M | 163.43M | 158.61M | 140.15M | 148.3M | 238.6M | 189.88M | 146.62M | 190.18M | 188.25M | 165.57M | 149.25M | 159M | 197.14M | 181.2M | 103.7M | 82.1M | 77.2M |
| OpEx % of Revenue | - | 24.33% | 27.06% | 22.96% | 22.25% | 21.41% | 23.2% | 25.99% | 30.47% | 24.77% | 24.84% | 24.51% | 22.22% | 21.05% | 20.66% | 20.99% | 19% | 21.13% | 27.49% | 20.67% | 18.8% | 21.05% | 23.44% | 25.04% | 24.55% | 26.15% | 30.2% | 31.2% | 26.45% | 24.18% | 24.06% |
| Selling, General & Admin | 163.88M | 183.45M | 198.11M | 186.88M | 198.49M | 163.5M | 130.33M | 132.23M | 139.34M | 135.5M | 138.6M | 147.42M | 138.58M | 173.69M | 163.43M | 158.61M | 140.15M | 148.3M | 168.45M | 189.88M | 146.62M | 191.23M | 188.25M | 165.57M | 149.25M | 159M | 154.31M | 143.7M | 86.1M | 68.9M | 65.9M |
| SG&A % of Revenue | - | 22.22% | 23.69% | 22.98% | 22.07% | 21.47% | 25.54% | 25.64% | 24.59% | 24.77% | 24.84% | 24.51% | 22.22% | 21.05% | 20.66% | 20.99% | 19% | 21.13% | 19.41% | 20.67% | 18.8% | 21.16% | 23.44% | 25.04% | 24.55% | 26.15% | 23.64% | 24.74% | 21.96% | 20.29% | 20.54% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | 17.45M | 28.22M | -195K | 1.64M | -482K | -11.92M | 1.82M | 33.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.83M | 37.5M | 17.6M | 13.2M | 11.3M |
| Operating Income | 83.26M | 75.16M | 44.48M | 72.41M | 83.94M | 49.3M | 53.55M | 37.27M | 6.33M | 24.89M | 16.17M | 30.86M | 25.14M | 43.93M | 51.86M | 38.41M | -47.64M | 17.14M | -35.48M | 45.8M | 60.92M | 55.99M | 50.53M | 34.72M | 52.17M | 45.94M | 63.27M | 69.5M | 49.4M | 38.3M | 35.8M |
| Operating Margin % | 10.63% | 9.1% | 5.32% | 8.91% | 9.33% | 6.47% | 10.49% | 7.23% | 1.12% | 4.55% | 2.9% | 5.13% | 4.03% | 5.32% | 6.55% | 5.08% | -6.46% | 2.44% | -4.09% | 4.98% | 7.81% | 6.2% | 6.29% | 5.25% | 8.58% | 7.56% | 9.69% | 11.97% | 12.6% | 11.28% | 11.16% |
| Operating Income Growth % | - | 68.97% | -38.57% | -13.74% | 70.26% | -7.93% | 43.7% | 489% | -74.58% | 53.93% | -47.61% | 22.77% | -42.78% | -15.28% | 35.01% | 180.62% | -378.01% | 148.29% | -177.47% | -24.82% | 8.81% | 10.82% | 45.52% | -33.45% | 13.56% | -27.39% | -8.96% | 40.69% | 28.98% | 6.98% | 28.78% |
| EBITDA | 121.81M | 114.44M | 82.87M | 95.19M | 105.16M | 69.72M | 74.08M | 60.46M | 32.06M | 53.22M | 47.49M | 65.84M | 55.91M | 81.2M | 84.86M | 72.62M | -14.09M | 53.41M | 4.86M | 83.53M | 89.14M | 91.99M | 89.7M | 71.28M | 87.88M | 89.84M | 106.1M | 107M | 67M | 51.5M | 47.1M |
| EBITDA Margin % | 15.55% | 13.86% | 9.91% | 11.71% | 11.69% | 9.16% | 14.52% | 11.72% | 5.66% | 9.73% | 8.51% | 10.95% | 8.97% | 9.84% | 10.73% | 9.61% | -1.91% | 7.61% | 0.56% | 9.09% | 11.43% | 10.18% | 11.17% | 10.78% | 14.45% | 14.78% | 16.26% | 18.42% | 17.09% | 15.16% | 14.68% |
| EBITDA Growth % | 43.64% | 38.09% | -12.94% | -9.48% | 50.82% | -5.88% | 22.52% | 88.57% | -39.75% | 12.05% | -27.86% | 17.76% | -31.15% | -4.31% | 16.85% | 615.31% | -126.39% | 998.42% | -94.18% | -6.29% | -3.1% | 2.55% | 25.85% | -18.9% | -2.18% | -15.32% | -0.84% | 59.7% | 30.1% | 9.34% | 22.98% |
| D&A (Non-Cash Add-back) | 38.55M | 39.28M | 38.39M | 22.79M | 21.22M | 20.42M | 20.53M | 23.2M | 25.74M | 28.33M | 31.33M | 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 |
| EBIT | 82.76M | 74.56M | 44.48M | 72.41M | 85.58M | 48.82M | 53.76M | 39.08M | 29.75M | 24.36M | 28.62M | 32.18M | 22.75M | 44.15M | 52.02M | 38.47M | -43.26M | 17.97M | -33.44M | 45.8M | 60.92M | 47.74M | 46.17M | 34.72M | 52.17M | 45.94M | 63.27M | 69.5M | 49.4M | 38.3M | 35.8M |
| Net Interest Income | -28.73M | -29.42M | -30.94M | -6.35M | -5.73M | -4.21M | -4.69M | -4.08M | -4.94M | -7.29M | -8.64M | -9.01M | -8.54M | -4.53M | -4.33M | -4.72M | -7.21M | -8.3M | -11.34M | -15.5M | -15.85M | -15.58M | -13.32M | -10.07M | -11.81M | -18.7M | -22.36M | 0 | -2.4M | 0 | -600K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 209K | 808K | 1.22M | 1.36M | 1.26M | 1.07M | 127K | 213K | 164K | 65K | 561K | 0 | 1.27M | 283.9K | 146.34K | 706.34K | 611.27K | 366.32K | 461.04K | 695.14K | 972.25K | 0 | 0 | 0 | 0 |
| Interest Expense | 28.73M | 29.42M | 30.94M | 6.35M | 5.73M | 4.21M | 4.9M | 4.89M | 6.16M | 8.65M | 9.9M | 10.08M | 8.66M | 4.74M | 4.51M | 4.79M | 7.77M | 8.3M | 12.78M | 15.78M | 15.99M | 16.29M | 13.93M | 10.44M | 12.27M | 19.39M | 23.33M | 0 | 2.4M | 0 | 600K |
| Other Income/Expense | -29.23M | -30.02M | -30.94M | -6.35M | -5.73M | -4.21M | -4.69M | -4.08M | -4.94M | -9.18M | -8.64M | -9.01M | -8.54M | -4.54M | -4.51M | -4.72M | -3.38M | -8.3M | -81.66M | 11.25M | -15.85M | -7.33M | -11.8M | -10.07M | -11.81M | -18.7M | -22.36M | -15.2M | -900K | -300K | -200K |
| Pretax Income | 54.03M | 45.13M | 13.54M | 66.06M | 78.21M | 45.09M | 48.86M | 33.18M | 1.39M | 15.71M | 8M | 21.86M | 16.6M | 39.39M | 47.34M | 33.69M | -51.02M | 8.83M | -46.99M | 57.05M | 45.07M | 40.41M | 38.73M | 24.65M | 40.36M | 27.24M | 40.91M | 54.3M | 48.5M | 38M | 35.6M |
| Pretax Margin % | 6.9% | 5.47% | 1.62% | 8.12% | 8.69% | 5.92% | 9.57% | 6.43% | 0.25% | 2.87% | 1.43% | 3.63% | 2.66% | 4.77% | 5.98% | 4.46% | -6.92% | 1.26% | -5.41% | 6.21% | 5.78% | 4.47% | 4.82% | 3.73% | 6.64% | 4.48% | 6.27% | 9.35% | 12.37% | 11.19% | 11.09% |
| Income Tax | 12.11M | 10.21M | 6.34M | 17.19M | 17.94M | 11.55M | 12.09M | 8.97M | 3.04M | 4.86M | 6.47M | 7.81M | 5.33M | 13.39M | 17.38M | 9.18M | -8.19M | 1.84M | -767.81K | 20.1M | 16.36M | 13.85M | 13.02M | 8.32M | 16.4M | 12.05M | 16.91M | 23.1M | 19.8M | 15.7M | 14.6M |
| Effective Tax Rate % | 22.41% | 22.61% | 46.83% | 26.02% | 22.94% | 25.62% | 24.75% | 27.03% | 218.65% | 30.97% | 80.93% | 35.72% | 32.11% | 33.99% | 36.71% | 27.26% | 16.05% | 20.81% | 1.63% | 35.24% | 36.3% | 34.28% | 33.62% | 33.76% | 40.64% | 44.23% | 41.33% | 42.54% | 40.82% | 41.32% | 41.01% |
| 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 | -683K | -44.49M | 54.74M | -69.02M | 26.56M | 25.71M | 16.33M | 23.96M | 15.19M | 24M | 31.2M | 28.7M | 22.3M | 21M |
| Net Margin % | 5.35% | 4.23% | 0.86% | 6.01% | 6.7% | 4.4% | 7.2% | 4.72% | -0.59% | -1.81% | 0.19% | 2.85% | -1.02% | 3.15% | 3.79% | 3.24% | -5.81% | -0.1% | -5.13% | 5.96% | -8.85% | 2.94% | 3.2% | 2.47% | 3.94% | 2.5% | 3.68% | 5.37% | 7.32% | 6.57% | 6.54% |
| Net Income Growth % | 299.14% | 385.04% | -85.26% | -18.92% | 79.7% | -8.79% | 51.11% | 826.58% | 66.13% | -1035.57% | -93.84% | 369.52% | -124.5% | -13.22% | 22.27% | 157.21% | -6171.45% | 98.46% | -181.29% | 179.3% | -359.92% | 3.29% | 57.48% | -31.86% | 57.72% | -36.71% | -23.08% | 8.71% | 28.7% | 6.19% | 31.25% |
| Net Income (Continuing) | 41.92M | 34.93M | 7.2M | 48.87M | 60.27M | 33.54M | 36.77M | 24.21M | -1.65M | 10.84M | 11.32M | 14.05M | 8.96M | 26.44M | 29.96M | 24.5M | -42.83M | 7M | -45.75M | 36.95M | 28.71M | 19.36M | 25.71M | 16.33M | 23.96M | 15.19M | 24M | 31.2M | 28.7M | 22.3M | 21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 118K | 0 | 0 | 0 | 291K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.79M | 0 | 7.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.11 | 0.93 | 0.19 | 1.32 | 1.64 | 0.92 | 1.02 | 0.68 | -0.10 | -0.32 | 0.03 | 0.55 | -0.19 | 0.76 | 0.88 | 0.71 | -1.21 | -0.02 | -1.26 | 1.55 | -1.97 | 0.76 | 0.76 | 0.49 | 0.73 | 0.47 | 0.67 | 0.93 | 0.86 | 0.66 | 0.31 |
| EPS Growth % | 300% | 389.47% | -85.61% | -19.51% | 78.26% | -9.8% | 50% | 780% | 68.75% | -1166.67% | -94.55% | 389.47% | -125% | -13.64% | 23.94% | 158.68% | -6137.11% | 98.46% | -181.29% | 178.68% | -359.21% | 0% | 55.1% | -32.88% | 55.32% | -29.85% | -27.96% | 8.14% | 30.3% | 112.9% | 34.78% |
| EPS (Basic) | - | 0.93 | 0.19 | 1.33 | 1.66 | 0.93 | 1.03 | 0.69 | -0.10 | -0.33 | 0.03 | 0.56 | -0.20 | 0.77 | 0.89 | 0.71 | -1.21 | -0.02 | -1.26 | 1.56 | -1.97 | 0.76 | 0.76 | 0.49 | 0.73 | 0.47 | 0.67 | 0.93 | 0.86 | 0.66 | 0.31 |
| Diluted Shares Outstanding | 37.65M | 37.56M | 37.4M | 37.1M | 35.92M | 36.36M | 35.92M | 35.65M | 33.43M | 30.56M | 29.97M | 30.94M | 32.7M | 34.04M | 34.11M | 34.74M | 35.3M | 35.27M | 35.21M | 35.31M | 35.04M | 34.94M | 34.03M | 33.14M | 32.97M | 32.64M | 35.94M | 33.49M | 33.46M | 33.73M | 33.93M |
| Basic Shares Outstanding | 37.39M | 37.37M | 37.14M | 36.74M | 35.92M | 36.14M | 35.79M | 35.49M | 32.96M | 30.22M | 29.75M | 30.62M | 32.23M | 33.59M | 33.6M | 34.58M | 35.3M | 35.27M | 35.21M | 35.09M | 35.04M | 34.94M | 33.85M | 33.14M | 32.97M | 32.64M | 35.94M | 33.49M | 33.46M | 33.73M | 33.93M |
| Dividend Payout Ratio | - | 58.67% | 283.74% | 41.42% | 32.85% | 58.43% | 52.83% | 79.38% | - | - | 1534.63% | 97.11% | - | 35.01% | 43.41% | 38.86% | - | - | - | 13.97% | - | 26.16% | 25.2% | 36.91% | 24.53% | 35.91% | 20.71% | 15.06% | 13.94% | 15.7% | - |
Resin price volatility exposure
As indicated by the most recent quarterly data, Myers Industries experienced a significant 20.4% year-over-year revenue decline in 2026Q1, signaling that the company is struggling to maintain organic growth momentum amidst a challenging industrial demand environment and potential divestiture of non-core business units.
The sharp revenue drop in the latest quarter suggests that the company's reliance on cyclical industrial end-markets is currently a headwind. Investors should monitor whether this deceleration reflects a broader structural shift in demand for custom-molded components or merely a temporary lull in capital expenditure cycles.
According to the provided financial statements, Myers Industries maintained a gross margin of 32.1% in 2026Q1, demonstrating a degree of pricing power despite the significant top-line contraction and the inherent sensitivity of its cost structure to fluctuating petrochemical-derived resin prices.
The ability to sustain margins above 30% suggests that the company's specialized molding capabilities provide a defensive moat against commoditized competition. However, the lag between raw material cost spikes and customer price adjustments remains a critical risk factor that could compress these margins in future periods.
Based on reported figures, the company's operating margin reached 15.1% in 2026Q1, which represents a notable improvement from the 9.1% average observed in recent periods, suggesting that management's efforts to streamline SG&A expenses are beginning to yield tangible benefits to the bottom line.
While the recent expansion in operating margin is encouraging, it appears to be driven more by cost discipline than by revenue-led scaling. Analysts should investigate whether this efficiency is sustainable or if it is a temporary result of aggressive expense management during a period of declining sales.
As reported in the income statement data, EPS volatility remains high, with a 105.6% increase in 2026Q1 following a period of significant fluctuation, which warrants further investigation into the impact of non-operating items and the consistency of stock-based compensation charges on net income.
The erratic nature of EPS growth suggests that reported net income may be influenced by one-time restructuring charges or integration costs related to the company's acquisitive strategy. Investors should look past the headline EPS figures to assess the underlying cash-generating capability of the core business segments.
A critical assessment of the income statement reveals that the company's reliance on inorganic growth through acquisitions may be masking underlying weakness in the legacy business, as evidenced by the 20.4% revenue decline in 2026Q1 despite previous efforts to expand the portfolio.
Short-sellers may focus on the potential for a 'conglomerate discount' and the execution risks inherent in integrating disparate molding technologies. The lack of consistent organic growth suggests that the company's long-term value proposition remains highly dependent on successful M&A, which is inherently difficult to execute consistently.
Quick answers to the most common questions about buying MYE stock.
For fiscal year 2025, Myers Industries, Inc. (MYE) reported total revenue of $825.7M. This represents a 157.3% increase compared to $320.9M in 1996.
Myers Industries, Inc. (MYE) is profitable, generating $34.9M in net income for the fiscal year ending 2025 with a net profit margin of 4.2%.
Myers Industries, Inc. (MYE) reported an operating income of $75.2M, resulting in an operating profit margin of 9.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Myers Industries, Inc. (MYE) generated $276.1M in gross profit for the year, representing a gross profit margin of 33.4%. This demonstrates the company's core pricing power and production efficiency.