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Stocks · Industrials · Metal Cans

Ball Corporation

BALL Clue Score56
United States Fiscal year ends December CIK 0000009389
$58.46 +0.15% Close, 9 Oct 2026
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Price $58.46 −35.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.06Operating income0.46Net income0.27EPS, diluted0.81Fiscal year 2017Revenue10.98 +21.2%Operating income0.80Net income0.38 +42.9%EPS, diluted1.05 +29.6%Fiscal year 2018Revenue11.64 +5.9%Operating income0.94Net income0.45 +19.2%EPS, diluted1.29 +22.9%Fiscal year 2019Revenue11.47 −1.4%Operating income0.93Net income0.54 +18.3%EPS, diluted1.66 +28.7%Fiscal year 2020Revenue11.78 +2.7%Operating income1.00Net income0.58 +8.6%EPS, diluted1.76 +6.0%Fiscal year 2021Revenue13.81 +17.2%Operating income1.29Net income0.88 +50.9%EPS, diluted2.65 +50.6%Fiscal year 2022Revenue13.37 −3.2%Operating income1.21Net income0.73 −16.6%EPS, diluted2.25 −15.1%Fiscal year 2023Revenue12.06 −9.8%Operating income1.27Net income0.71 −2.9%EPS, diluted2.23 −0.9%Fiscal year 2024Revenue11.80 −2.2%Net income4.01 +464.6%EPS, diluted13.00 +483.0%Fiscal year 2025Revenue13.16 +11.6%Net income0.92 −77.2%EPS, diluted3.30 −74.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.06 10.98 11.64 11.47 11.78 13.81 13.37 12.06 11.80 13.16
Growth +21.2% +5.9% −1.4% +2.7% +17.2% −3.2% −9.8% −2.2% +11.6%
Operating income 0.46 0.80 0.94 0.93 1.00 1.29 1.21 1.27 n/a n/a
Net income 0.27 0.38 0.45 0.54 0.58 0.88 0.73 0.71 4.01 0.92
Growth +42.9% +19.2% +18.3% +8.6% +50.9% −16.6% −2.9% +464.6% −77.2%
EPS, diluted 0.81 1.05 1.29 1.66 1.76 2.65 2.25 2.23 13.00 3.30
Growth +29.6% +22.9% +28.7% +6.0% +50.6% −15.1% −0.9% +483.0% −74.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin15.7%Operating margin5.1%Net margin2.9%Free cash flow margin−4.6%Fiscal year 2017Gross margin16.0%Operating margin7.3%Net margin3.5%Free cash flow margin8.4%Fiscal year 2018Gross margin15.5%Operating margin8.0%Net margin3.9%Free cash flow margin6.4%Fiscal year 2019Gross margin15.5%Operating margin8.1%Net margin4.7%Free cash flow margin8.3%Fiscal year 2020Operating margin8.5%Net margin4.9%Free cash flow margin2.7%Fiscal year 2021Operating margin9.3%Net margin6.4%Free cash flow margin0.2%Fiscal year 2022Operating margin9.1%Net margin5.5%Free cash flow margin−10.1%Fiscal year 2023Operating margin10.6%Net margin5.9%Free cash flow margin6.8%Fiscal year 2024Net margin34.0%Free cash flow margin−3.1%Fiscal year 2025Net margin7.0%Free cash flow margin6.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 15.7% 16.0% 15.5% 15.5% n/a n/a n/a n/a n/a n/a
Operating margin 5.1% 7.3% 8.0% 8.1% 8.5% 9.3% 9.1% 10.6% n/a n/a
Net margin 2.9% 3.5% 3.9% 4.7% 4.9% 6.4% 5.5% 5.9% 34.0% 7.0%
Free cash flow margin −4.6% 8.4% 6.4% 8.3% 2.7% 0.2% −10.1% 6.8% −3.1% 6.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.19Capital expenditure−0.61Free cash flow−0.41Buybacks−0.11Dividends paid−0.08Fiscal year 2017Operating cash flow1.48Capital expenditure−0.56Free cash flow0.92Buybacks−0.10Dividends paid−0.13Fiscal year 2018Operating cash flow1.57Capital expenditure−0.82Free cash flow0.75 −18.7%Buybacks−0.74Dividends paid−0.14Fiscal year 2019Operating cash flow1.55Capital expenditure−0.60Free cash flow0.95 +26.7%Buybacks−0.96Dividends paid−0.18Fiscal year 2020Operating cash flow1.43Capital expenditure−1.11Free cash flow0.32 −66.4%Buybacks−0.06Dividends paid−0.20Fiscal year 2021Operating cash flow1.76Capital expenditure−1.73Free cash flow0.03 −89.3%Buybacks−0.77Dividends paid−0.23Fiscal year 2022Operating cash flow0.30Capital expenditure−1.65Free cash flow−1.35 −4,070.6%Buybacks−0.62Dividends paid−0.25Fiscal year 2023Operating cash flow1.86Capital expenditure−1.05Free cash flow0.82Buybacks−0.00Dividends paid−0.25Fiscal year 2024Operating cash flow0.12Capital expenditure−0.48Free cash flow−0.37 −145.1%Buybacks−1.71Dividends paid−0.24Fiscal year 2025Operating cash flow1.26Capital expenditure−0.47Free cash flow0.79Buybacks−1.32Dividends paid−0.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.19 1.48 1.57 1.55 1.43 1.76 0.30 1.86 0.12 1.26
Capital expenditure −0.61 −0.56 −0.82 −0.60 −1.11 −1.73 −1.65 −1.05 −0.48 −0.47
Free cash flow −0.41 0.92 0.75 0.95 0.32 0.03 −1.35 0.82 −0.37 0.79
Growth −18.7% +26.7% −66.4% −89.3% −4,070.6% −145.1%
Buybacks −0.11 −0.10 −0.74 −0.96 −0.06 −0.77 −0.62 −0.00 −1.71 −1.32
Dividends paid −0.08 −0.13 −0.14 −0.18 −0.20 −0.23 −0.25 −0.25 −0.24 −0.22

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.60Total debt7.39Net cash (debt)−6.79Shareholders’ equity3.44Debt to equity2.15Fiscal year 2017Cash0.45Total debt6.63Net cash (debt)−6.18Shareholders’ equity3.94Debt to equity1.68Fiscal year 2018Cash0.72Total debt6.52Net cash (debt)−5.80Shareholders’ equity3.46Debt to equity1.88Fiscal year 2019Cash1.80Total debt7.79Net cash (debt)−5.99Shareholders’ equity2.95Debt to equity2.64Fiscal year 2020Cash1.37Shareholders’ equity3.28Fiscal year 2021Cash0.56Shareholders’ equity3.63Fiscal year 2022Cash0.55Shareholders’ equity3.46Fiscal year 2023Cash0.70Total debt0.86Net cash (debt)−0.16Shareholders’ equity3.77Debt to equity0.23Fiscal year 2024Cash0.89Total debt0.19Net cash (debt)0.69Shareholders’ equity5.86Debt to equity0.03Fiscal year 2025Cash1.21Total debt0.00Net cash (debt)1.21Shareholders’ equity5.42Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.60 0.45 0.72 1.80 1.37 0.56 0.55 0.70 0.89 1.21
Total debt 7.39 6.63 6.52 7.79 n/a n/a n/a 0.86 0.19 0.00
Net cash (debt) −6.79 −6.18 −5.80 −5.99 n/a n/a n/a −0.16 0.69 1.21
Shareholders’ equity 3.44 3.94 3.46 2.95 3.28 3.63 3.46 3.77 5.86 5.42
Debt to equity 2.15 1.68 1.88 2.64 n/a n/a n/a 0.23 0.03 0.00

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
9.06 10.98 11.64 11.47 11.78 13.81 13.37 12.06 11.80 13.16
Growth +21.2% +5.9% −1.4% +2.7% +17.2% −3.2% −9.8% −2.2% +11.6%
1.42 1.76 1.80 1.78 n/a n/a n/a n/a n/a n/a
Growth +23.7% +2.3% −1.3%
0.03 0.03 0.03 0.04 0.05 0.06 0.06 0.06 n/a n/a
0.51 0.51 0.48 0.42 0.53 0.59 0.56 0.53 0.65 0.57
0.46 0.80 0.94 0.93 1.00 1.29 1.21 1.27 n/a n/a
Growth +73.2% +16.6% −0.3% +7.6% +28.7% −6.0% +4.9%
0.13 0.51 0.63 0.61 0.69 1.01 0.71 0.61 0.54 1.13
−0.13 0.17 0.19 0.07 0.10 0.16 0.14 0.15 0.13 0.24
0.27 0.38 0.45 0.54 0.58 0.88 0.73 0.71 4.01 0.92
Growth +42.9% +19.2% +18.3% +8.6% +50.9% −16.6% −2.9% +464.6% −77.2%
Per share
0.83 1.07 1.32 1.71 1.79 2.69 2.27 2.25 13.12 3.33
0.81 1.05 1.29 1.66 1.76 2.65 2.25 2.23 13.00 3.30
Growth +29.6% +22.9% +28.7% +6.0% +50.6% −15.1% −0.9% +483.0% −74.6%
316.5 350.3 344.8 331.1 326.3 326.0 316.4 314.8 305.5 274.3
322.9 357.0 352.3 340.1 332.8 331.6 320.0 317.0 308.2 276.0
Growth +10.6% −1.3% −3.5% −2.1% −0.4% −3.5% −0.9% −2.8% −10.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.2% a year over five years, and earnings per share grew 13.4% a year.
  • The diluted share count fell 17.1% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.