Ball Corporation (BALL)

NYSE Materials Metal, Glass & Plastic Containers S&P 500

$65.92

-0.99 (-1.48%)

Close of Nov 06, 2026 · end-of-day data

Source: Ball Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.06B	$10.98B	$11.63B	$11.47B	$11.78B	$13.81B	$13.37B	$12.06B	$11.79B	$13.16B
Cost of revenue	—	$8.72B	$9.33B	$9.20B	$9.32B	$11.09B	$11.12B	$9.75B	$9.35B	$10.58B
Gross profit	$1.42B	$1.76B	$1.80B	$1.77B	$2.46B	$2.73B	$2.25B	$2.31B	$2.44B	$2.58B
Research & development	$28.00M	$27.00M	$32.00M	$44.00M	$47.00M	$56.00M	$55.00M	$55.00M	—	—
Selling, general & admin	$512.00M	$514.00M	$478.00M	$417.00M	$525.00M	$593.00M	$555.00M	$532.00M	$647.00M	$566.00M
Operating income	$463.00M	$802.00M	$935.00M	$932.00M	$1.00B	$1.29B	$1.21B	$1.27B	—	—
Interest expense	$229.00M	$285.00M	$301.00M	$317.00M	$275.00M	$270.00M	$313.00M	$460.00M	$293.00M	$314.00M
Pre-tax income	$125.00M	$514.00M	$633.00M	$608.00M	$687.00M	$1.01B	$713.00M	$614.00M	$535.00M	$1.13B
Income tax	-$126.00M	$165.00M	$185.00M	$71.00M	$99.00M	$156.00M	$138.00M	$146.00M	$133.00M	$240.00M
Net income	$263.00M	$374.00M	$454.00M	$566.00M	$585.00M	$878.00M	$719.00M	$707.00M	$4.01B	$912.00M
EBITDA	$916.00M	$1.53B	$1.64B	$1.61B	$1.67B	$1.99B	$1.81B	$1.88B	—	—
EPS (basic)	$0.83	$1.07	$1.32	$1.71	$1.79	$2.69	$2.27	$2.25	$13.12	$3.33
EPS (diluted)	$0.81	$1.05	$1.29	$1.66	$1.76	$2.65	$2.25	$2.23	$13.00	$3.30
Diluted shares	322.88M	356.99M	352.32M	340.12M	332.81M	331.62M	320.01M	317.02M	308.21M	275.97M
Gross margin	15.7%	16.0%	15.5%	15.5%	20.9%	19.7%	16.8%	19.1%	20.7%	19.6%
Operating margin	5.1%	7.3%	8.0%	8.1%	8.5%	9.3%	9.1%	10.6%	—	—
Net margin	2.9%	3.4%	3.9%	4.9%	5.0%	6.4%	5.4%	5.9%	34.0%	6.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$597.00M	$448.00M	$721.00M	$1.80B	$1.37B	$563.00M	$548.00M	$695.00M	$885.00M	$1.21B
Receivables	$1.16B	$1.34B	$1.28B	$1.19B	$1.34B	$2.02B	$2.11B	$1.67B	$1.74B	$2.06B
Inventory	$1.41B	$1.53B	$1.27B	$1.27B	$1.35B	$1.79B	$2.18B	$1.53B	$1.48B	$2.01B
Total current assets	$3.65B	$3.76B	$3.94B	$4.88B	$4.67B	$5.22B	$5.49B	$4.88B	$4.84B	$6.11B
Goodwill	$5.09B	$4.93B	$4.47B	$4.42B	$4.48B	$4.38B	$4.20B	$4.25B	$4.17B	$4.38B
Total assets	$16.17B	$17.17B	$16.55B	$17.36B	$18.25B	$19.71B	$19.91B	$19.30B	$17.63B	$19.52B
Total current liabilities	$2.97B	$4.11B	$4.09B	$5.58B	$4.44B	$5.95B	$7.01B	$6.18B	$4.85B	$5.49B
Short-term debt	$222.00M	$453.00M	$219.00M	$1.48B	$17.00M	$15.00M	$1.41B	$1.06B	$361.00M	$21.00M
Long-term debt	$7.31B	$6.52B	$6.51B	$6.34B	$7.78B	$7.72B	$7.54B	$7.50B	$5.31B	$6.99B
Total debt	$7.53B	$6.97B	$6.73B	$7.82B	$7.80B	$7.74B	$8.95B	$8.57B	$5.67B	$7.01B
Total liabilities	$12.63B	$13.12B	$12.99B	$14.34B	$14.91B	$16.03B	$16.38B	$15.47B	$11.70B	$14.10B
Shareholders' equity	$3.44B	$3.94B	$3.46B	$2.95B	$3.27B	$3.63B	$3.46B	$3.77B	$5.86B	$5.42B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$193.00M	$1.48B	$1.57B	$1.55B	$1.43B	$1.76B	$301.00M	$1.86B	$115.00M	$1.26B
Capital expenditures	$606.00M	$556.00M	$816.00M	$598.00M	$1.11B	$1.73B	$1.65B	$1.04B	$484.00M	$474.00M
Free cash flow	-$413.00M	$922.00M	$750.00M	$950.00M	$319.00M	$34.00M	-$1.35B	$818.00M	-$369.00M	$788.00M
Investing cash flow	-$1.28B	-$545.00M	-$206.00M	-$422.00M	-$1.18B	-$1.64B	-$786.00M	-$1.05B	$5.00B	-$656.00M
Financing cash flow	-$387.00M	-$1.07B	-$1.04B	-$46.00M	-$602.00M	-$894.00M	$485.00M	-$662.00M	-$4.79B	-$344.00M
Dividends paid	$83.00M	$129.00M	$137.00M	$182.00M	$198.00M	$229.00M	$254.00M	$252.00M	$244.00M	$220.00M
Share buybacks	$107.00M	$103.00M	$739.00M	$964.00M	$57.00M	$766.00M	$618.00M	$3.00M	$1.71B	$1.32B
Stock-based compensation	$35.00M	$46.00M	$75.00M	$37.00M	$43.00M	$40.00M	$39.00M	$33.00M	$63.00M	$28.00M
Depreciation & amortization	$453.00M	$729.00M	$702.00M	$678.00M	$668.00M	$700.00M	$594.00M	$605.00M	$611.00M	$622.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$2.90B	$2.87B	$2.96B	$3.08B	$2.88B	$3.10B	$3.34B	$3.38B	$3.35B	$3.60B	$4.00B	$4.19B
Cost of revenue	$2.30B	$2.28B	$2.36B	$2.42B	$2.29B	$2.49B	$2.69B	$2.70B	$2.70B	$2.96B	$3.30B	$3.48B
Gross profit	$483.00M	$477.00M	$489.00M	$545.00M	$480.00M	$604.00M	$648.00M	$678.00M	$648.00M	$646.00M	$697.00M	$709.00M
Selling, general & admin	$123.00M	$237.00M	$139.00M	$142.00M	$129.00M	$149.00M	$137.00M	$130.00M	$150.00M	$150.00M	$163.00M	$141.00M
Operating income	$300.00M	$196.00M	—	—	—	—	—	—	—	—	—	—
Interest expense	$109.00M	$93.00M	$68.00M	$67.00M	$65.00M	$70.00M	$81.00M	$85.00M	$78.00M	$78.00M	$79.00M	$75.00M
Pre-tax income	$134.00M	$101.00M	$200.00M	$227.00M	$7.00M	$229.00M	$268.00M	$391.00M	$240.00M	$258.00M	$278.00M	-$145.00M
Income tax	$39.00M	$27.00M	$49.00M	$42.00M	$15.00M	$53.00M	$61.00M	$76.00M	$50.00M	$62.00M	$65.00M	-$43.00M
Net income	$154.00M	$3.69B	$158.00M	$197.00M	-$32.00M	$179.00M	$212.00M	$321.00M	$200.00M	$205.00M	$221.00M	-$94.00M
EBITDA	$456.00M	$354.00M	—	—	—	—	—	—	—	—	—	—
EPS (basic)	$0.49	$11.70	$0.51	$0.65	$-0.11	$0.63	$0.77	$1.18	$0.76	$0.77	$0.83	$-0.36
EPS (diluted)	$0.49	$11.61	$0.51	$0.65	$-0.11	$0.63	$0.76	$1.18	$0.74	$0.77	$0.83	$-0.36
Diluted shares	84.00K	317.38M	311.96M	305.22M	-3.47M	285.07M	277.77M	272.89M	-2.56M	267.41M	267.14M	263.82M
Gross margin	16.6%	16.6%	16.5%	17.7%	16.7%	19.5%	19.4%	20.1%	19.4%	17.9%	17.4%	16.9%
Operating margin	10.3%	6.8%	—	—	—	—	—	—	—	—	—	—
Net margin	5.3%	128.2%	5.3%	6.4%	-1.1%	5.8%	6.4%	9.5%	6.0%	5.7%	5.5%	-2.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$695.00M	$1.72B	$1.35B	$1.44B	$885.00M	$449.00M	$296.00M	$568.00M	$1.21B	$730.00M	$491.00M	$410.00M
Receivables	$1.67B	$2.58B	$2.19B	$2.19B	$1.74B	$2.13B	$2.35B	$2.20B	$2.06B	$2.42B	$2.76B	$2.99B
Inventory	$1.53B	$1.50B	$1.43B	$1.39B	$1.48B	$1.64B	$1.73B	$1.86B	$2.01B	$2.22B	$2.52B	$2.65B
Total current assets	$4.88B	$6.52B	$5.75B	$5.61B	$4.84B	$5.04B	$5.25B	$5.35B	$6.11B	$6.22B	$6.65B	$6.87B
Goodwill	$4.25B	$4.21B	$4.19B	$4.24B	$4.17B	$4.24B	$4.38B	$4.38B	$4.38B	$4.41B	$4.40B	$4.38B
Total assets	$19.30B	$19.90B	$18.96B	$18.82B	$17.63B	$18.04B	$18.61B	$18.72B	$19.52B	$19.77B	$20.11B	$20.25B
Total current liabilities	$6.18B	$5.38B	$4.89B	$5.12B	$4.85B	$4.84B	$5.26B	$4.84B	$5.49B	$5.56B	$6.22B	$6.58B
Short-term debt	$1.06B	$281.00M	$276.00M	$452.00M	$361.00M	$583.00M	$548.00M	$344.00M	$21.00M	$786.00M	$692.00M	$895.00M
Long-term debt	$7.50B	$5.52B	$5.52B	$5.35B	$5.31B	$6.13B	$6.48B	$6.86B	$6.99B	$7.02B	$6.53B	$6.39B
Total debt	$8.57B	$5.80B	$5.79B	$5.80B	$5.67B	$6.72B	$7.03B	$7.21B	$7.01B	$7.81B	$7.22B	$7.28B
Total liabilities	$15.47B	$12.52B	$11.98B	$12.07B	$11.70B	$12.47B	$13.33B	$13.27B	$14.10B	$14.15B	$14.34B	$14.51B
Shareholders' equity	$3.77B	$7.31B	$6.91B	$6.68B	$5.86B	$5.50B	$5.21B	$5.45B	$5.42B	$5.60B	$5.75B	$5.72B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$736.00M	-$1.25B	$252.00M	$610.00M	$500.00M	-$665.00M	$332.00M	$384.00M	$1.21B	-$777.00M	$608.00M	$189.00M
Capital expenditures	$215.00M	$154.00M	$106.00M	$117.00M	$107.00M	$81.00M	$96.00M	$127.00M	$170.00M	$161.00M	$141.00M	$157.00M
Free cash flow	$521.00M	-$1.40B	$146.00M	$493.00M	$393.00M	-$746.00M	$236.00M	$257.00M	$1.04B	-$938.00M	$467.00M	$32.00M
Investing cash flow	-$227.00M	$5.29B	-$88.00M	-$23.00M	-$178.00M	-$207.00M	-$184.00M	-$183.00M	-$82.00M	-$306.00M	-$131.00M	-$137.00M
Financing cash flow	-$1.15B	-$2.98B	-$518.00M	-$502.00M	-$792.00M	$396.00M	-$308.00M	$52.00M	-$484.00M	$605.00M	-$731.00M	-$129.00M
Dividends paid	$63.00M	$63.00M	$62.00M	$60.00M	$59.00M	$57.00M	$55.00M	$54.00M	$54.00M	$54.00M	$53.00M	$52.00M
Share buybacks	$0	$182.00M	$483.00M	$396.00M	$651.00M	$555.00M	$467.00M	$84.00M	$215.00M	$1.00M	$114.00M	$157.00M
Depreciation & amortization	$156.00M	$158.00M	$152.00M	$150.00M	$151.00M	$150.00M	$155.00M	$158.00M	$159.00M	$159.00M	$165.00M	$163.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.