How many subsidiaries does Magnera Corp file with the SEC?

1, listed in its most recent exhibit 21. All of them are incorporated in Mauritius. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Magnera Corp financially healthy?

Magnera Corp scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Magnera Corp?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), MORGAN STANLEY (trimming), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Magnera Corp (MAGN)

NYSE · Common Stock · Paper Mills

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

1 entity across 1 jurisdiction, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2025-11-25 — see the exhibit.

Which other public companies file entities in the same places:

Mauritius1

Subsidiaries of Magnera Corp as disclosed in its SEC filing
Entity	Jurisdiction	Note
PGI Nonwovens	Mauritius	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -4.0%
PASSOperating cash flow positiveOCF 103M
PASSReturn on assets improving-5.5% → -4.0%
PASSCash flow exceeds earningsOCF 103M vs NI -159M
FAILLong-term debt ratio falling0.0% → 48.9% of assets
PASSCurrent ratio improving1.94 → 2.37
FAILNo share dilution32M → 36M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.78× → 0.80×

Altman Z-score

1.08distress

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	—	$6.9M	$40.9M	—	44,924,000
FY2022	—	−$194.2M	−$78.6M	—	44,828,000
FY2023	$2.3B	$38.0M	$169.0M	—	31,800,000
FY2023	—	−$79.1M	−$59.4M	—	45,058,000
FY2024	$2.2B	−$154.0M	$120.0M	—	31,800,000
FY2025

Ownership flow

11 institutions tracked — 7 added, 3 reduced, 1 opened a new position, 1 sold out. Index money added 303,756 shares while active managers cut 473,578.

Institutional holders of Magnera Corp and their share-count change
Manager	Kind	Shares	Change	Value
MORGAN STANLEY	Active fund	1,534,193	−433,638	$18.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	479,549	+333,970	$5.6M
JPMORGAN CHASE & CO	Active fund	610,865	−217,934	$7.2M
BlackRock, Inc.	Index	2,596,578

Identity

CIK: 0000041719
FIGI: BBG000BKFNX9
SIC: 2621 · Paper Mills
Incorporated: PA
Headquarters: CHARLOTTE, NC

Ownership

Institutional: 101.5%
Institutions: 251
Insiders: 1.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other paper mills companies

Magnera Corp files under SIC 2621 — all 4 paper mills companies compared on assets and F-score.

INTERNATIONAL PAPER CO /NEW/IP Sylvamo CorpSLVM Mativ Holdings, Inc.MATV

Questions about Magnera Corp

How many subsidiaries does Magnera Corp file with the SEC?: 1, listed in its most recent exhibit 21. All of them are incorporated in Mauritius. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Magnera Corp financially healthy?: Magnera Corp scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Magnera Corp?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), MORGAN STANLEY (trimming), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.