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O-I Glass

OI NYSE Metal, Glass & Plastic Containers Financials FY2016–FY2025

O-I Glass' revenue fell 1.6% to $6.4 billion in fiscal 2025. Its net margin was −2.0%, down from −1.6% a year earlier. Free cash flow was $168 million. It paid out $40 million in dividends and buybacks, 24% of free cash flow. The diluted share count fell 0.7%.

Last close · Oct 23, 2026

$6.47

0.9%
Value it Compare
Revenue Total sales reported in the income statement.
$6.4B
1.6% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
−$129M
Free cash flow Cash from operations minus capital spending.
$168M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
4.2%
3.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$993M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

About these figures. Operating margin for fiscal 2025 is blank: the 10-K's structured data doesn't include every figure it needs.

What O-I Glass does

No business description yet.

Legal name
O-I GLASS, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001104659-26-014319
0000812074

Revenue and margins

O-I Glass had $6.4B of revenue in fiscal 2025, down 1.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $168M in fiscal 2025, 2.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

O-I Glass returned $40.0M to shareholders in fiscal 2025, 24% of free cash flow. The diluted share count fell 0.7%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value O-I Glass yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$4.2B and divides by 153.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably O-I Glass can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $725M$773M$913M$734M$759M
Debt incl. finance leases $4.8B$4.7B$4.9B$5.0B$5.0B
Net debt / EBITDA 5.3x3.1x7.3x8.1x5.5x
Debt / equity 6.7x3.3x3.1x4.6x3.9x
Interest coverage 1.5x3.4x0.2x0.1x0.9x
Current ratio 1.4x1.1x1.2x1.2x1.3x
Quick ratio 0.9x0.7x0.8x0.7x0.8x
Total assets $8.8B$9.1B$9.7B$8.7B$9.2B
Total liabilities $8.0B$7.5B$7.9B$7.4B$7.8B
Shareholders' equity $720M$1.4B$1.6B$1.1B$1.3B
Net debt (− = net cash) $4.1B$3.9B$4.0B$4.2B$4.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.3M

5 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

DateInsiderTradeSharesPriceValueFiling
May 15, 2026 Samuel R. ChapinDirector Bought 12,000 $8.51 $0.1M Form 4
May 14, 2026 Eduardo RestrepoSVP, Business Ops Americas Bought 3,309 $8.99 $0.0M Form 4
May 11, 2026 Darrow A AbrahamsSVP, GC & Corporate Secretary Bought 2,774 $9.04 $0.0M Form 4
May 11, 2026 John HaudrichSVP & Chief Financial Officer Bought 2,207 $9.07 $0.0M Form 4
May 8, 2026 Randolph L BurnsSVP, Chief Admin & Sus Officer Bought 11,000 $9.32 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✓
Revenue rose relative to assets ✓ ✕ ✓
F-score 6 / 94 / 96 / 9
Accruals ratio −9.8%−6.5%−8.2%
Altman Z'' 0.910.700.96

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
O-I Glass OI $993M −1.6% — 2.6% 4.2% — 6
Silgan SLGN $4.2B 10.7% — 6.5% 7.6% 15.4x 7 Compare →
Greif GEF — −9.7% 4.3% −2.2% 1.9% — — Compare →
AptarGroup ATR $8.1B 5.4% 13.3% 7.9% 11.4% 22.8x 7 Compare →
Ball BALL $17.3B 11.6% — 6.0% 10.4% 18.4x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $6.7B $6.9B $6.9B $6.7B $6.1B $6.4B $6.9B $7.1B $6.5B $6.4B
Gross profit $1.3B $1.3B $1.3B $1.2B $972M $1.1B $1.2B $1.5B $1.0B $1.1B
Research and development $65.0M $60.0M $70.0M $68.0M $75.0M $82.0M $79.0M $92.0M $80.0M $42.0M
Operating income — — — — $353M $332M $805M $67.0M $38.0M —
Interest expense $272M $268M $261M $311M $265M $216M $239M $342M $335M $341M
Pretax income $356M $275M $277M −$261M $353M $332M $960M $67.0M $38.0M −$49.0M
Income tax $119M $70.0M $108M $118M $89.0M $167M $178M $152M $126M $54.0M
Net income $209M $180M $257M −$400M $249M $149M $584M −$103M −$106M −$129M
Diluted EPS $1.28 $1.10 $1.59 −$2.58 $1.57 $0.93 $3.67 −$0.67 −$0.69 −$0.84
Diluted shares 0.16B 0.16B 0.16B 0.16B 0.16B 0.16B 0.16B 0.15B 0.15B 0.15B
Cash flow
Cash from operations $751M $721M $791M $405M $457M $687M $154M $818M $489M $600M
Capital expenditure $454M $441M $536M $426M $311M $398M $539M $688M $617M $432M
Free cash flow $297M $280M $255M −$21.0M $146M $289M −$385M $130M −$128M $168M
Depreciation and amortization $478M $488M $494M $499M $468M $449M $454M $483M $486M $479M
Stock-based compensation $11.0M $18.0M $27.0M $10.0M $11.0M $8.0M $33.0M $43.0M $14.0M $25.0M
Acquisitions $56.0M $39.0M $123M $190M $111M $117M $137M $126M $121M $136M
Share buybacks $0.0M $0.0M $163M $38.0M $0.0M $40.0M $40.0M $40.0M $40.0M $40.0M
Dividends paid $0.0M $0.0M $0.0M $31.0M $8.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $163M $69.0M $8.0M $40.0M $40.0M $40.0M $40.0M $40.0M
Balance sheet
Cash and short-term investments $492M $492M $512M $551M $563M $725M $773M $913M $734M $759M
Total debt $5.3B $5.3B $5.3B $5.6B $5.1B $4.8B $4.7B $4.9B $5.0B $5.0B
Finance lease liabilities $0.0M $0.0M $0.0M $70.0M $108M $98.0M $132M $174M $195M $174M
Current assets $2.3B $2.4B $2.4B $2.5B $2.3B $2.5B $2.6B $2.9B $2.5B $2.6B
Current liabilities $2.1B $2.3B $2.2B $2.0B $1.9B $1.8B $2.4B $2.3B $2.2B $2.1B
Inventory $983M $1.0B $1.0B $1.0B $841M $816M $848M $1.1B $963M $1.0B
Property and equipment, net $2.9B $3.1B $3.1B $3.3B $2.9B $2.8B $3.0B $3.6B $3.3B $3.4B
Total assets $9.1B $9.8B $9.7B $9.6B $8.9B $8.8B $9.1B $9.7B $8.7B $9.2B
Total liabilities $8.8B $8.8B $8.8B $9.0B $8.5B $8.0B $7.5B $7.9B $7.4B $7.8B
Shareholders' equity $254M $808M $786M $467M $297M $720M $1.4B $1.6B $1.1B $1.3B
Margins
Gross margin 19.6% 19.4% 18.7% 18.1% 16.0% 17.2% 17.7% 21.1% 16.0% 17.3%
Operating margin — — — — 5.8% 5.2% 11.7% 0.9% 0.6% —
EBITDA margin 16.5% 15.0% 15.0% 8.2% 13.5% 12.3% 18.4% 7.7% 8.0% 12.0%
Net margin 3.1% 2.6% 3.7% −6.0% 4.1% 2.3% 8.5% −1.5% −1.6% −2.0%
FCF margin 4.4% 4.1% 3.7% −0.3% 2.4% 4.6% −5.6% 1.8% −2.0% 2.6%
Returns
Return on capital 7.9% 7.4% 5.7% 0.7% 5.0% 3.4% 12.6% 0.6% 0.3% 4.2%
Return on capital employed 8.7% 7.5% 7.2% 0.7% 4.8% 4.8% 11.8% 1.0% 0.6% 4.3%
Return on equity — 33.9% 32.3% −63.9% — 29.3% 54.7% −6.8% −7.9% −10.9%
Return on assets 2.3% 1.9% 2.6% −4.1% 2.7% 1.7% 6.5% −1.1% −1.2% −1.4%
Growth
Revenue growth 8.9% 2.5% 0.1% −2.7% −9.0% 4.4% 7.9% 3.6% −8.1% −1.6%
Net income growth 54.8% −13.9% 42.8% −255.6% — −40.2% 292.0% −117.6% — —
EPS growth 56.1% −14.1% 44.6% −262.3% — −40.8% 294.6% −118.3% — —
FCF growth 44.2% −5.7% −8.9% −108.2% — 98.0% −233.2% — −198.5% —
Share count change 0.4% 1.1% −1.6% −4.2% 2.3% 1.0% −0.8% −2.7% −0.1% −0.7%
Financial health
Net debt / EBITDA 4.4x 4.7x 4.7x 9.1x 5.6x 5.3x 3.1x 7.3x 8.1x 5.5x
Debt / equity — 6.5x 6.8x — — 6.7x 3.3x 3.1x 4.6x 3.9x
Interest coverage 2.3x 2.0x 2.1x 0.2x 1.3x 1.5x 3.4x 0.2x 0.1x 0.9x
Current ratio 1.1x 1.1x 1.1x 1.3x 1.2x 1.4x 1.1x 1.2x 1.2x 1.3x
Quick ratio 0.6x 0.6x 0.6x 0.7x 0.8x 0.9x 0.7x 0.8x 0.7x 0.8x
Capital allocation
Capex / revenue 6.8% 6.4% 7.8% 6.4% 5.1% 6.3% 7.9% 9.7% 9.5% 6.7%
Stock comp / revenue 0.2% 0.3% 0.4% 0.2% 0.2% 0.1% 0.5% 0.6% 0.2% 0.4%
Payouts / FCF 0.0% 0.0% 63.9% — 5.5% 13.8% — 30.8% — 23.8%
Quality scores
Piotroski F-score 6.0 5.0 7.0 4.0 5.0 7.0 7.0 6.0 4.0 6.0
Altman Z'' 0.6 0.6 0.7 0.4 0.7 1.0 1.3 0.9 0.7 1.0
Accruals ratio −5.8% −5.7% −5.5% −8.3% −2.3% −6.1% 4.8% −9.8% −6.5% −8.2%

Source: SEC EDGAR XBRL filings (CIK 0000812074). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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