O-I Glass, Inc. /DE/ OI

Industrials SIC 3221 - Glass Containers NAICS Manufacturing › Nonmetallic Mineral Product Manufacturing › Glass and Glass Product Manufacturing › Glass Container Manufacturing derived NYSE

O-I Glass, Inc., a Delaware corporation (the "Company"), through its subsidiaries, is the successor to a business established in 1903. The Company is one of the leading manufacturers of glass containers in the world with 64 glass manufacturing plants in 18 countries. It competes in the glass container segment of the rigid packaging market and is the leading glass container manufacturer in most of the countries where it has manufacturing facilities.

Beginning in 2024, the Company commenced a strategic review of its global profitability and manufacturing footprint, known as its Fit to Win initiative. This program is focused on the reduction of redundant production capacity and the optimization of its network, as well as streamlining other costs, such as selling, general and administrative expenses. The Fit to Win initiative is expected to last at least through 2026. Since undertaking this review, the Company has announced the idling of capacity or closing of a number of facilities and job eliminations. The Company believes these actions will contribute to optimizing shareholder returns.

Last close 6.47 2026-10-23
Market cap $994.2M 2026-06-30 share count
52-week range 5.30 - 16.91

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF5.9x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.84

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

Revenue by segment

  • Americas - Reportable segment totals
  • Europe - Reportable segment totals
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Americas - Reportable segment totals, FY2025: 3.6B (57.5%) 58% Americas - Reportable segment totals Europe - Reportable segment totals, FY2025: 2.7B (42.5%) 42% Europe - Reportable segment totals FY2024 Americas - Reportable segment totals, FY2024: 3.6B (56.0%) 56% Europe - Reportable segment totals, FY2024: 2.8B (44.0%) 44% FY2023 Americas - Reportable segment totals, FY2023: 3.9B (55.4%) 55% Europe - Reportable segment totals, FY2023: 3.1B (44.6%) 45%
Segment FY2025FY2024FY2023
Americas - Reportable segment totals $3.64B $3.58B $3.87B
Europe - Reportable segment totals $2.69B $2.82B $3.12B

As the company reported it, from the “Segment Information - Segment Operating Profits and Reporting Segments Totals (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.43B$6.53B$7.11B$6.86B$6.36B$6.09B$6.69B$6.88B$6.87B$6.70B
Cost of revenue $5.32B$5.49B$5.61B$5.64B$5.27B$5.12B$5.48B$5.59B$5.54B$5.39B
Gross profit $1.11B$1.04B$1.50B$1.21B$1.09B$972.0M$1.21B$1.28B$1.33B$1.31B
R&D $42.0M$80.0M$92.0M$79.0M$82.0M$75.0M$68.0M$70.0M$60.0M$65.0M
SG&A $434.0M$445.0M$540.0M$496.0M$433.0M$403.0M$439.0M$483.0M$484.0M$503.0M
Operating income —$38.0M$67.0M$805.0M$332.0M$353.0M————
Interest expense $341.0M$335.0M$342.0M$239.0M$216.0M$265.0M$311.0M$261.0M$268.0M$272.0M
Pre-tax income -$49.0M$38.0M$67.0M$960.0M$332.0M$353.0M-$261.0M$277.0M$275.0M$356.0M
Income tax $54.0M$126.0M$152.0M$178.0M$167.0M$89.0M$118.0M$108.0M$70.0M$119.0M
Net income -$129.0M-$106.0M-$103.0M$584.0M$149.0M$249.0M-$400.0M$257.0M$180.0M$209.0M
EPS, basic -0.84-0.69-0.673.760.951.59-2.581.611.111.29
EPS, diluted -0.84-0.69-0.673.670.931.57-2.581.591.101.28
Shares, diluted (wtd. avg.) 153.6M154.6M154.7M159.0M160.3M158.8M155.2M162.1M164.6M162.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $759.0M$734.0M$913.0M$773.0M$725.0M$563.0M$551.0M$512.0M$492.0M$492.0M
Receivables $601.0M$572.0M$671.0M$760.0M$692.0M$623.0M$621.0M$549.0M$663.0M$580.0M
Inventory $1.00B$963.0M$1.07B$848.0M$816.0M$841.0M$1.04B$1.02B$1.04B$983.0M
Total current assets $2.60B$2.48B$2.88B$2.60B$2.52B$2.30B$2.49B$2.36B$2.42B$2.25B
Property, plant and equipment $3.45B$3.30B$3.56B$2.96B$2.82B$2.91B$3.27B$3.08B$3.13B$2.88B
Goodwill $1.49B$1.32B$1.47B$1.81B$1.84B$1.95B$1.93B$2.51B$2.59B$2.46B
Other intangibles $188.0M$198.0M$254.0M$262.0M$286.0M$325.0M$371.0M$400.0M$439.0M$464.0M
Total assets $9.24B$8.65B$9.67B$9.06B$8.83B$8.88B$9.61B$9.70B$9.76B$9.13B
Accounts payable $1.20B$1.14B$1.44B$1.35B$1.21B$1.13B$1.28B$1.32B$1.32B$1.14B
Short-term debt $66.0M$306.0M$142.0M$300.0M$38.0M$142.0M$49.0M$33.0M$151.0M$162.0M
Total current liabilities $2.09B$2.16B$2.35B$2.36B$1.85B$1.90B$2.00B$2.21B$2.28B$2.06B
Long-term debt $4.84B$4.55B$4.70B$4.37B$4.75B$4.95B$5.43B$5.18B——
Retained earnings $548.0M$676.0M$782.0M$885.0M$301.0M$152.0M-$89.0M$333.0M$84.0M-$96.0M
Total equity $1.29B$1.08B$1.74B$1.53B$827.0M$401.0M$564.0M$900.0M$927.0M$363.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $600.0M$489.0M$818.0M$154.0M$687.0M$457.0M$405.0M$791.0M$721.0M$751.0M
Depreciation and amortisation $479.0M$486.0M$483.0M$454.0M$449.0M$468.0M$499.0M$494.0M$488.0M$478.0M
Stock-based compensation $25.0M$14.0M$43.0M$33.0M$8.0M—————
Capital expenditure $432.0M$617.0M$688.0M$539.0M$398.0M$311.0M$426.0M$536.0M$441.0M$454.0M
Investing cash flow -$368.0M-$620.0M-$683.0M-$97.0M-$220.0M$93.0M-$437.0M-$698.0M-$351.0M-$417.0M
Financing cash flow -$250.0M-$8.0M-$27.0M$6.0M-$273.0M-$557.0M$68.0M-$53.0M-$392.0M-$228.0M
Dividends paid —————$8.0M$31.0M———
Buybacks $40.0M$40.0M$40.0M$40.0M$40.0M—$38.0M$163.0M——

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 0001104659-26-014319.

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. -2B 0 2B 4B 6B 8B Revenue, FY2016: 6.7B Gross profit, FY2016: 1.3B Net income, FY2016: 209M Revenue, FY2017: 6.9B Gross profit, FY2017: 1.3B Net income, FY2017: 180M Revenue, FY2018: 6.9B Gross profit, FY2018: 1.3B Net income, FY2018: 257M Revenue, FY2019: 6.7B Gross profit, FY2019: 1.2B Net income, FY2019: -400M Revenue, FY2020: 6.1B Gross profit, FY2020: 972M Net income, FY2020: 249M Revenue, FY2021: 6.4B Gross profit, FY2021: 1.1B Net income, FY2021: 149M Revenue, FY2022: 6.9B Gross profit, FY2022: 1.2B Net income, FY2022: 584M Revenue, FY2023: 7.1B Gross profit, FY2023: 1.5B Net income, FY2023: -103M Revenue, FY2024: 6.5B Gross profit, FY2024: 1B Net income, FY2024: -106M Revenue, FY2025: 6.4B Gross profit, FY2025: 1.1B Net income, FY2025: -129M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.70B $6.87B $6.88B $6.69B $6.09B $6.36B $6.86B $7.11B $6.53B $6.43B
Gross profit $1.31B $1.33B $1.28B $1.21B $972.0M $1.09B $1.21B $1.50B $1.04B $1.11B
Net income $209.0M $180.0M $257.0M -$400.0M $249.0M $149.0M $584.0M -$103.0M -$106.0M -$129.0M

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
  • 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
  • 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
  • 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
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • 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

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.