Ball
BALL NYSE· Metal, Glass & Plastic Containers
Last close · Oct 26, 2026
$64.45
KIRA · Stoqly’s AI analyst, in plain words
- Ball had $13.2B of revenue in fiscal 2025, up 11.6% on the year before. Over five years, revenue changed +2.2% a year on average.
- Ball made $915M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 16.9% a year.
- Free cash flow was $788M in fiscal 2025, 6.0% of revenue.
- Ball returned $1.5B to shareholders in fiscal 2025, 196% of free cash flow. The diluted share count fell 10.5%.
- Ball owes $5.8B more than it holds in cash, about 2.8 years of operating profit.
Market cap
$17.2B
P/E
18.3x
Revenue
$13.2B
Net income
$915M
Free cash flow
$788M
Operating margin
—
Ball in 30 seconds · fiscal 2025
Are sales growing?
+11.6%
Yes. Sales grew 11.6% last year.
Does it make a profit?
7.0%
A little. It keeps 7.0% of every sale as profit.
Does profit turn into cash?
6.0%
Partly. 6.0% of sales ends up as free cash.
Is debt under control?
2.8x
Keep an eye on it. Repaying its debt would take 2.8 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
18.3x
One share costs 18.3 times its yearly profit per share. Typical for its sector: 20.6x.
What Ball does
Ball makes aluminum packaging for drinks, personal care products and household goods. Its biggest product line is aluminum beverage cans. It also makes extruded aluminum aerosol containers, resealable aluminum bottles and aluminum slugs, which are small aluminum discs that are formed into containers. It produces them in plants around the world and sells them to large multinational beverage, personal care and household products companies. Ball earns its revenue by selling these containers, often under long-term supply contracts with customers it has served for years. It sells a significant part of its output to major companies and brands, as well as to many regional customers. In 2025 its total consolidated net sales were $13.16 billion. The company says aluminum packaging is its focus and that it competes with other packaging made from different materials. Ball is based in Westminster, Colorado, and had about 16,000 employees at the end of 2025, about 5,000 of them in the U.S.
Biggest risks, in its own words
- Losing a key customer, or an adverse change in a key customer's requirements, since it sells to a limited number of large companies.
- A significant level of debt that could limit its flexibility and cash available for the business.
- Competition from other types of packaging that could lower its profit and cash flow.
- A narrow product range, so weaker demand for aluminum packaging or the drinks in it would hurt it.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- BALL CORPORATION
- CIK
- 0000009389
Ball · BALL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $13.8B | $13.4B | $12.1B | $11.8B | $13.2B |
| Revenue growth | 17.2% | −3.2% | −9.8% | −2.2% | 11.6% |
| Operating margin | 9.4% | 9.1% | 10.6% | — | — |
| Net income | $878M | $732M | $711M | $4.0B | $915M |
| Net margin | 6.4% | 5.5% | 5.9% | 34.0% | 7.0% |
| Diluted EPS | $2.65 | $2.25 | $2.23 | $13.00 | $3.30 |
| Cash | |||||
| Cash from operations | $1.8B | $301M | $1.9B | $115M | $1.3B |
| Capital expenditure | $1.7B | $1.7B | $1.0B | $484M | $474M |
| Free cash flow | $34.0M | −$1.4B | $818M | −$369M | $788M |
| FCF margin | 0.3% | −10.1% | 6.8% | −3.1% | 6.0% |
| Dividends paid | $229M | $254M | $252M | $244M | $220M |
| Share buybacks | $766M | $618M | $3.0M | $1.7B | $1.3B |
| Share count change | −0.4% | −3.5% | −0.9% | −2.8% | −10.5% |
| Debt and strength | |||||
| Cash and short-term investments | $563M | $548M | $695M | $885M | $1.2B |
| Debt incl. finance leases | $7.7B | $8.9B | $8.6B | $5.7B | $7.0B |
| Shareholders' equity | $3.6B | $3.5B | $3.8B | $5.9B | $5.4B |
| Net debt / EBITDA | 3.6x | 4.7x | 4.2x | 3.3x | 2.8x |
| Current ratio | 0.9x | 0.8x | 0.8x | 1.0x | 1.1x |
| Interest coverage | 4.8x | 3.9x | 2.8x | 2.8x | 4.6x |
| Returns and quality | |||||
| Return on capital | 10.6% | 8.6% | 8.2% | 5.6% | 10.4% |
| Return on equity | 25.4% | 20.7% | 19.7% | 83.4% | 16.2% |
| Piotroski F-score | 7 | 3 | 6 | 7 | 6 |
| Altman Z'' | 1.6 | 1.3 | 1.6 | 3.0 | 3.2 |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$2.3M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Ball · BALL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Ball BALL | $17.2B | 11.6% | — | 6.0% | 10.4% | 18.3x | 6 |
| Silgan SLGN | $4.1B | 10.7% | — | 6.5% | 7.6% | 15.2x | 7 |
| O-I Glass OI | $989M | −1.6% | — | 2.6% | 4.2% | — | 6 |
| Greif GEF | — | −9.7% | 4.3% | −2.2% | 1.9% | — | — |
| AptarGroup ATR | $8.2B | 5.4% | 13.3% | 7.9% | 11.4% | 22.9x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $64.45 a share, the company is worth $17.2B: 18.3 times its earnings of the last four quarters.
Ball grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000009389). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.