BALL Corp BALL

Industrials SIC 3411 - Metal Cans NAICS Manufacturing › Fabricated Metal Product Manufacturing › Boiler, Tank, and Shipping Container Manufacturing › Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing › Metal Can Manufacturing derived NYSE

Ball Corporation and its consolidated subsidiaries (collectively, Ball, the company, we or our) is one of the world's leading suppliers of aluminum packaging for the beverage, personal care and household products industries. The company was organized in 1880 and incorporated in the state of Indiana, United States of America (U.S.), in 1922. Our sustainable, aluminum packaging products are produced for a variety of end uses and are manufactured in facilities around the world. In 2025, our total consolidated net sales were $13.16 billion.

Our largest product line is aluminum beverage containers and we also produce extruded aluminum aerosol containers, recloseable aluminum bottles across multiple consumer categories and aluminum slugs.

Last close 64.76 2026-10-23
Market cap $17.14B 2026-06-30 share count
52-week range 44.83 - 68.29

Valuation FY2025 figures against the last close

P/S1.3x
P/E19.6x
P/FCF21.8x
EV/EBITDA—
Dividend yield1.3%
Diluted EPS3.30

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Other
  • Brazil
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 6.2B (46.8%) 47% U.S. Other, FY2025: 5.5B (41.8%) 42% Other Brazil, FY2025: 1.5B (11.4%) 11% Brazil FY2024 U.S., FY2024: 5.5B (46.4%) 46% Other, FY2024: 4.9B (41.5%) 42% Brazil, FY2024: 1.4B (12.0%) 12% FY2023 U.S., FY2023: 5.9B (48.7%) 49% Other, FY2023: 4.8B (39.6%) 40% Brazil, FY2023: 1.4B (11.7%) 12%
Region FY2025FY2024FY2023
U.S. $6.16B $5.48B $5.87B
Other $5.50B $4.90B $4.78B
Brazil $1.49B $1.42B $1.41B

As the company reported it, from the “Business Segment Information - Summary by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $13.16B$11.79B$12.06B$13.37B$13.81B$11.78B$11.47B$11.63B$10.98B$9.06B
Gross profit ——————$1.77B$1.80B$1.76B$1.42B
R&D ——$55.0M$55.0M$56.0M$47.0M$44.0M$32.0M$27.0M$28.0M
SG&A $566.0M$647.0M$532.0M$555.0M$593.0M$525.0M$417.0M$478.0M$514.0M$512.0M
Total operating expenses ——$12.76B$14.13B$12.52B$10.78B$10.54B$10.70B$10.18B$8.60B
Operating income ——$1.27B$1.21B$1.29B$1.00B$932.0M$935.0M$802.0M$463.0M
Pre-tax income $1.13B$535.0M$614.0M$713.0M$1.01B$687.0M$608.0M$633.0M$514.0M$125.0M
Income tax $240.0M$133.0M$146.0M$138.0M$156.0M$99.0M$71.0M$185.0M$165.0M$126.0M
Net income $915.0M$4.01B$711.0M$732.0M$878.0M$582.0M$536.0M$453.0M$380.0M$266.0M
EPS, basic 3.3313.122.252.272.691.791.711.321.070.83
EPS, diluted 3.3013.002.232.252.651.761.661.291.050.81
Shares, diluted (wtd. avg.) 276.0M308.2M317.0M320.0M331.6M332.8M340.1M352.3M357.0M322.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.21B$885.0M$695.0M$558.0M$579.0M$1.37B$1.38B$728.0M$459.0M$607.0M
Receivables $2.06B$1.74B$1.67B$2.11B$2.02B$1.34B$1.19B$1.28B$1.34B$1.16B
Inventory $2.01B$1.48B$1.53B$2.18B$1.79B$1.35B$1.27B$1.27B$1.53B$1.41B
Total current assets $6.11B$4.84B$4.88B$5.49B$5.22B$4.67B$4.88B$3.94B$3.76B$3.65B
Property, plant and equipment ——————$4.47B$4.54B$4.61B$4.39B
Goodwill $4.38B$4.17B$4.25B$4.20B$4.38B$4.48B$4.42B$4.47B$4.93B$5.09B
Other intangibles $982.0M$1.08B$1.25B$1.42B$1.69B$1.88B$2.00B$2.19B$2.46B$1.93B
Total assets $19.52B$17.63B$19.30B$19.91B$19.71B$18.25B$17.36B$16.55B$17.17B$16.17B
Accounts payable $4.45B$3.42B$3.66B$4.38B$4.76B$3.43B$3.14B$3.10B$2.76B$2.03B
Short-term debt $2.0M$191.0M$856.0M$1.41B$15.0M$17.0M$1.48B$8.0M$113.0M$79.0M
Total current liabilities $5.49B$4.85B$6.18B$7.01B$5.95B$4.44B$5.58B$4.09B$4.11B$2.97B
Long-term debt ——————$6.34B$6.51B$6.52B$7.31B
Total liabilities $14.10B$11.70B$15.47B$16.38B$16.03B$14.91B$14.34B$12.99B$13.12B$12.63B
Retained earnings $12.22B$11.53B$7.76B$7.31B$6.84B$6.19B$5.80B$5.34B$4.99B$4.74B
Total equity $5.42B$5.86B$3.84B$3.53B$3.69B$3.34B$3.02B$3.56B$4.05B$3.54B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.26B$115.0M$1.86B$301.0M$1.76B$1.43B$1.55B$1.57B$1.48B$193.0M
Depreciation and amortisation $622.0M$611.0M$605.0M$594.0M$700.0M$668.0M$678.0M$702.0M$729.0M$453.0M
Capital expenditure $474.0M$484.0M$1.04B$1.65B$1.73B$1.11B$598.0M$816.0M$556.0M$606.0M
Investing cash flow -$656.0M$5.00B-$1.05B-$786.0M-$1.64B-$1.18B-$422.0M-$206.0M-$545.0M-$1.28B
Financing cash flow -$344.0M-$4.79B-$662.0M$485.0M-$894.0M-$602.0M-$46.0M-$1.04B-$1.07B-$387.0M
Dividends paid $220.0M$244.0M$252.0M$254.0M$229.0M$198.0M$182.0M$137.0M$129.0M$83.0M
Buybacks $1.32B$1.71B$3.0M$618.0M$766.0M$57.0M$964.0M$739.0M$103.0M$107.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-017410.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 9.1B Gross profit, FY2016: 1.4B Net income, FY2016: 266M Revenue, FY2017: 11B Gross profit, FY2017: 1.8B Net income, FY2017: 380M Revenue, FY2018: 11.6B Gross profit, FY2018: 1.8B Net income, FY2018: 453M Revenue, FY2019: 11.5B Gross profit, FY2019: 1.8B Net income, FY2019: 536M Revenue, FY2020: 11.8B Net income, FY2020: 582M Revenue, FY2021: 13.8B Net income, FY2021: 878M Revenue, FY2022: 13.4B Net income, FY2022: 732M Revenue, FY2023: 12.1B Net income, FY2023: 711M Revenue, FY2024: 11.8B Net income, FY2024: 4B Revenue, FY2025: 13.2B Net income, FY2025: 915M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.06B $10.98B $11.63B $11.47B $11.78B $13.81B $13.37B $12.06B $11.79B $13.16B
Gross profit $1.42B $1.76B $1.80B $1.77B — — — — — —
Net income $266.0M $380.0M $453.0M $536.0M $582.0M $878.0M $732.0M $711.0M $4.01B $915.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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