Ball
BALL · Metal, Glass & Plastic Containers
$64.76
1.6%Silgan
SLGN · Metal, Glass & Plastic Containers
$39.30
1.2%The short version
- Ball is the larger business, with $13.2B of revenue in fiscal 2025 against $6.5B for Silgan, about 2.0 times as much.
- Ball grew revenue faster (11.6%, against 10.7%).
- Silgan turned more of its sales into free cash flow (6.5% FCF margin, against 6.0% FCF margin).
- Ball earned a higher return on the capital invested in it (10.4%, against 7.6%).
- Investors pay more for each dollar of Ball’s earnings: a P/E of 18.4x against 15.4x for Silgan.
| Latest fiscal year | BALL · FY25 | SLGN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.3B | $4.2B |
| Revenue | $13.2B | $6.5B |
| Free cash flow | $788M | $423M |
| Net income | $915M | $288M |
| Growth | ||
| Revenue growth | 11.6% | 10.7% |
| 5-year growth | 2.2% | 5.7% |
| Share count change | −10.5% | −0.3% |
| Profitability | ||
| Gross margin | — | 17.7% |
| Operating margin | — | — |
| Net margin | 7.0% | 4.5% |
| FCF margin | 6.0% | 6.5% |
| Return on capital | 10.4% | 7.6% |
| Return on equity | 16.2% | 13.5% |
| Balance sheet | ||
| Net debt | $5.8B | $3.3B |
| Net debt / EBITDA | 2.8x | 3.6x |
| Dividends and buybacks | $1.5B | $161M |
| Valuation & quality | ||
| P/E | 18.4x | 15.4x |
| Piotroski F-score | 6 | 7 |
FY16
BALL $9.1B
SLGN $3.6B
FY17
BALL $11.0B
SLGN $4.1B
FY18
BALL $11.6B
SLGN $4.4B
FY19
BALL $11.5B
SLGN $4.5B
FY20
BALL $11.8B
SLGN $4.9B
FY21
BALL $13.8B
SLGN $5.7B
FY22
BALL $13.4B
SLGN $6.4B
FY23
BALL $12.1B
SLGN $6.0B
FY24
BALL $11.8B
SLGN $5.9B
FY25
BALL $13.2B
SLGN $6.5B
BALL
SLGN
FY16
BALL 5.1%
SLGN 8.3%
FY17
BALL 7.3%
SLGN 8.7%
FY18
BALL 8.0%
SLGN 9.3%
FY19
BALL 8.1%
SLGN 8.0%
FY20
BALL 8.5%
SLGN —
FY21
BALL 9.4%
SLGN —
FY22
BALL 9.1%
SLGN —
FY23
BALL 10.6%
SLGN —
FY24
BALL —
SLGN —
FY25
BALL —
SLGN —
BALL
SLGN
FY16
BALL −$413M
SLGN $203M
FY17
BALL $922M
SLGN $215M
FY18
BALL $750M
SLGN $316M
FY19
BALL $950M
SLGN $276M
FY20
BALL $319M
SLGN $378M
FY21
BALL $34.0M
SLGN $325M
FY22
BALL −$1.4B
SLGN $533M
FY23
BALL $818M
SLGN $256M
FY24
BALL −$369M
SLGN $459M
FY25
BALL $788M
SLGN $423M
BALL
SLGN
FY16
BALL 5.6%
SLGN 9.8%
FY17
BALL 5.2%
SLGN 13.6%
FY18
BALL 6.6%
SLGN 9.9%
FY19
BALL 8.9%
SLGN 8.9%
FY20
BALL 9.1%
SLGN 10.7%
FY21
BALL 10.6%
SLGN 9.9%
FY22
BALL 8.6%
SLGN 9.2%
FY23
BALL 8.2%
SLGN 9.8%
FY24
BALL 5.6%
SLGN 8.1%
FY25
BALL 10.4%
SLGN 7.6%
BALL
SLGN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.