Myers Industries (MYE) AI Stock Analysis

• Market Cap: $766.77M
• Dividend Yield: 2.8%
• Average Volume (3M): 286.88K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.89
• Revenue Growth: 0.26%
• EPS Growth: 78.05%
• Country: US
• Employees: 2,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 0.31
• Shares Outstanding: 37,403,230
• 10 Day Avg. Volume: 335,107
• 30 Day Avg. Volume: 286,875
• PEG Ratio: 0.05
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 10.41
• Enterprise Value/Market Cap: 1.44
• Enterprise Value/Revenue: 1.34
• Enterprise Value/Gross Profit: 4.23
• Enterprise Value/Ebitda: 8.84
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.47
• Revenue Forecast (FY): $832.50M

• Rating: 64 Neutral
• Price Target: $24.50 ▲(18.47% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is supported by improving profitability/cash generation and constructive technical momentum. It is held back by a more leveraged balance sheet and limited top-line growth, with valuation appearing roughly mid-range and the earnings call positive but still carrying near-term uncertainty around the planned divestiture and end-market softness.

Positive Factors

Margin Expansion

Sustained margin improvement driven by favorable mix and $20M of annualized cost savings suggests structural efficiency gains. Higher operating margin increases cash available for reinvestment, debt paydown, or returns, and improves resilience to modest top-line softness over the medium term.

Free Cash Flow Strength

Material free cash flow generation and demonstrated net-debt reduction provide durable financial flexibility. Consistent FCF supports disciplined capital allocation—capex, dividends, buybacks, or opportunistic M&A—and underpins the company's ability to fund transformation and weather cyclical end-market volatility.

Portfolio Simplification & Backlog

Strategic pivot toward higher-margin material-handling and infrastructure products plus record matting backlog creates a clearer, higher-quality revenue mix. Divesting lower-margin distribution assets should improve long-term margins and management focus on core growth and operational execution.

Negative Factors

Elevated Leverage

Higher leverage materially reduces financial flexibility and magnifies downside risk if revenue or cash conversion weaken. While management is reducing net debt, the elevated debt profile constrains the pace of buybacks/M&A and increases sensitivity to interest costs and macro shocks over the next several quarters.

Limited Top-line Momentum

Stagnant revenue limits operating leverage and caps potential long-term earnings growth. With certain end markets soft, management's margin and cash improvements must offset lack of volume growth; sustained top-line weakness would make it harder to deliver consistent long-term return expansion.

Divestiture & Revenue Loss Uncertainty

Removing MTS and low-margin SKUs reduces revenue visibility and complicates comparability. Uncertainty over which costs and savings carry into the remain-co could offset benefits, and near-term volatility in reported top-line and segment metrics may hinder precise planning and capital allocation until the divestiture completes.

Myers Industries Business Overview & Revenue Model

Company Description

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational, and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

How the Company Makes Money

Myers Industries generates revenue through the sale of its polymer-based products across its two primary segments. The Material Handling segment contributes significantly to the company's earnings by providing a variety of storage and transportation solutions to industries such as food and beverage, pharmaceuticals, and general manufacturing. The Rubber & Plastics segment adds to revenue through custom molded products that cater to the automotive and industrial markets. Key revenue streams include direct sales to customers, distribution agreements, and long-term contracts with major clients. Additionally, the company benefits from strategic partnerships that enhance distribution and product development, enabling it to expand its market reach and drive sales growth.

Myers Industries Financial Statement Overview

Summary

Earnings and margins improved in 2025 and cash generation remains solid (2025 FCF ~$67M), but revenue growth is limited/flat versus prior peaks and leverage is materially higher since 2024 (debt-to-equity ~1.29x in 2025), tempering overall financial strength.

Income Statement

Revenue has been relatively flat recently (2025 up ~1.2% after 2024 up ~2.9%), and is still below the 2022 peak, pointing to a slower growth backdrop. Profitability improved meaningfully in 2025 versus 2024 (net margin ~4.2% vs ~0.9%; EBITDA margin ~11.1% vs ~9.9%), but margins remain below the stronger 2022–2023 range, suggesting the earnings recovery is not fully re-established. Overall: improving earnings quality year-over-year, but with limited top-line momentum and some volatility in profitability across the period.

Balance Sheet

Leverage increased sharply: debt-to-equity moved from ~0.33x (2023) to ~1.49x (2024) and remains elevated at ~1.29x (2025), reducing financial flexibility versus prior years. Equity has grown modestly, but the balance sheet is now carrying a meaningfully higher debt load relative to its capital base. Returns improved in 2025 (return on equity ~11.9% vs ~2.6% in 2024), yet remain below 2022–2023 levels, highlighting that higher leverage has not translated into consistently higher shareholder returns.

Cash Flow

Cash generation is solid and generally consistent (operating cash flow ~$87M and free cash flow ~$67M in 2025), and free cash flow remains sizeable relative to earnings (free cash flow to net income ~0.77 in 2025). However, free cash flow growth has been weak/volatile (down in 2024 and sharply negative in 2025), and cash flow coverage metrics are only mid-range (operating cash flow coverage ~0.51–0.54 in 2024–2025), indicating that cash conversion is acceptable but not especially strong.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	825.74M	836.28M	813.07M	899.55M	761.43M
Gross Profit	260.75M	270.81M	259.09M	284.07M	212.32M
EBITDA	124.80M	83.07M	95.19M	106.79M	69.24M
Net Income	34.93M	7.20M	48.87M	60.27M	33.54M
Balance Sheet
Total Assets	851.32M	860.82M	541.63M	542.63M	484.55M
Cash, Cash Equivalents and Short-Term Investments	45.05M	32.22M	30.29M	23.14M	17.66M
Total Debt	378.67M	413.87M	95.49M	132.36M	130.04M
Total Liabilities	557.10M	583.30M	248.83M	286.21M	275.22M
Stockholders Equity	294.23M	277.51M	292.80M	256.43M	209.32M
Cash Flow
Free Cash Flow	67.21M	54.86M	63.32M	48.33M	27.05M
Operating Cash Flow	86.76M	79.29M	86.17M	72.62M	44.91M
Investing Cash Flow	-18.93M	-372.50M	-22.76M	-50.38M	-50.29M
Financing Cash Flow	-54.48M	295.10M	-56.52M	-16.32M	-5.19M

Myers Industries Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.68
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Neutral. The current price of 20.68 is below the 20-day moving average (MA) of 21.67, below the 50-day MA of 21.05, and above the 200-day MA of 17.43, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 41.79 is Neutral, neither overbought nor oversold. The STOCH value of 18.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MYE.

Myers Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRT	73 Outperform	$553.99M	14.38	20.54%	7.94%	8.93%	6.82%
SON	71 Outperform	$5.16B	10.96	32.44%	4.33%	8.31%	-99.39%
GEF	65 Neutral	$3.34B	5.59	2.08%	3.19%	-17.63%	-80.32%
MYE	64 Neutral	$766.77M	20.03	12.22%	2.80%	0.26%	78.05%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
TRS	61 Neutral	$1.28B	11.92	0.07%	0.45%	11.83%	67.28%
PACK	46 Neutral	$293.98M	-12.01	-7.11%	―	9.54%	-81.46%

Myers Industries Corporate Events

Myers Industries Posts Strong 2025 Earnings and Margin Expansion

On March 5, 2026, Myers Industries reported fourth-quarter and full-year 2025 results showing that while quarterly net sales were essentially flat at about $204 million, earnings improved sharply, with diluted EPS up 173% and adjusted EPS up 63% year over year as gross margin expanded and SG&A costs fell. For 2025, net sales declined 1.3% to $825.7 million, but operating income rose 67.6%, net income jumped to $34.9 million from $7.2 million, and free cash flow increased 23% to $67 million, supported by a $20 million annualized cost reduction program, margin gains in the Material Handling segment, and improved profitability in Distribution, positioning the company with lower leverage and stronger cash generation despite softer consumer and vehicle demand.

Material Handling fourth-quarter sales were steady at about $152 million but operating income and adjusted EBITDA margins rose by 200 and 290 basis points, respectively, driven by mix, volume and cost savings from the Focused Transformation program. Distribution segment sales edged up less than 1% to $51.7 million, yet operating income improved from a $1.6 million loss to near break-even and adjusted EBITDA turned positive, reflecting better pricing and lower SG&A, indicating early benefits from ongoing portfolio streamlining and operational rationalization, including the idling of two rotational molding facilities.

The most recent analyst rating on (MYE) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Myers Industries stock, see the MYE Stock Forecast page.