Forensic Analysis · Plastics Products · as of Nov 9, 2026

Myers Industries Inc (MYE)

A forensic read on Myers Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Grey Zone

Financial health

1.9

Distress distance

Clean

Earnings quality

Forensic signals

12.2%

ROE

-1.3%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Myers Industries Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 1.9, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$22M

FY2024

Goodwill impairments. Took $22M of goodwill writedowns across 1 year (FY2024 ($22M)) — about 306% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

8.4%

FY2025

Return on invested capital. Return on invested capital is 8.4% in the latest fiscal year, against 14.4% in FY2023, having run between 5.4% and 14.4% across FY2023–FY2025 with no direction held. After-tax operating profit was $54M in FY2023 and $58M in FY2025, with operating income at 8.9% of revenue in FY2023, 5.3% in FY2024 and 9.0% in FY2025. The capital base behind it grew +84% across FY2023–FY2025, from $372M to $686M, while the return fell 6.0 points, so the dollars added over that window earned less than the 14.4% the older base was already earning. FY2024's operating profit carried a $22M asset write-down, a $22M goodwill write-off and a $8M restructuring charge that alone took about 6.2 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.

Key fundamentals

Latest Revenue$825.7M

Revenue Growth YoY-1.3%

Revenue CAGR (2yr)+0.8%

Net Margin4.2%

Free Cash Flow$67.2M

Return on Equity12.2%

Debt / Equity1.18x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.