BALL Corp BALL
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.33 | 13.12 | 2.25 | 2.27 | 2.69 | 1.79 | 1.71 | 1.32 | 1.07 | 0.83 |
| EPS, diluted | 3.30 | 13.00 | 2.23 | 2.25 | 2.65 | 1.76 | 1.66 | 1.29 | 1.05 | 0.81 |
| Shares, diluted (wtd. avg.) | $276.0M | $308.2M | $317.0M | $320.0M | $331.6M | $332.8M | $340.1M | $352.3M | $357.0M | $322.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3411
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CCK | CROWN HOLDINGS, INC. | $12.52B | 18.1x | 4.8% |
| SLGN | SILGAN HOLDINGS INC | $4.35B | 15.3x | 10.7% |
| AMBP | Ardagh Metal Packaging S.A. | — | — | — |