NYSE : BALL
Ball Corporation — Financial statements
Consumer Discretionary · Packaging & Containers · United States
Last price 64.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ball Corporation (BALL) reported revenue of 14.33B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 14.33B | 13.16B | 11.79B | 12.06B | 13.37B | 13.81B |
| Cost of Revenue | 11.66B | 10.58B | 9.35B | 9.75B | 11.12B | 11.09B |
| Gross Profit | 2.67B | 2.58B | 2.44B | 2.31B | 2.25B | 2.73B |
| Selling, General & Admin | 593.00M | 566.00M | 647.00M | 532.00M | 555.00M | 593.00M |
| Operating Expenses | 1.23B | 1.19B | 1.26B | 1.14B | 1.15B | 1.29B |
| Operating Income | 1.44B | 1.39B | 1.18B | 1.17B | 1.10B | 1.43B |
| Interest Expense | -320.00M | -314.00M | -293.00M | -460.00M | -313.00M | -270.00M |
| Interest & Investment Income | 38.00M | 30.00M | 68.00M | 36.00M | 14.00M | |
| Earnings From Equity Investments | 33.00M | 27.00M | 28.00M | 20.00M | 7.00M | 26.00M |
| Currency Exchange Gain (Loss) | -22.00M | |||||
| Other Non Operating Income (Expenses) | -36.00M | 4.00M | -87.00M | -7.00M | ||
| EBT Excluding Unusual Items | 1.19B | 1.13B | 950.00M | 749.00M | 722.00M | 1.18B |
| Merger & Restructuring Charges | -32.00M | -32.00M | -428.00M | -94.00M | -55.00M | |
| Gain (Loss) on Sale of Investments | -1.00M | -8.00M | 298.00M | |||
| Gain (Loss) on Sale of Assets | 81.00M | 81.00M | ||||
| Asset Writedown | -213.00M | |||||
| Other Unusual Items | -34.00M | -19.00M | -3.00M | -21.00M | -32.00M | -148.00M |
| Pretax Income | 1.20B | 1.16B | 563.00M | 634.00M | 720.00M | 1.03B |
| Income Tax Expense | 253.00M | 240.00M | 133.00M | 146.00M | 138.00M | 156.00M |
| Earnings From Continuing Operations | 947.00M | 915.00M | 430.00M | 488.00M | 582.00M | 878.00M |
| Earnings From Discontinued Operations | 2.00M | 3.58B | 223.00M | 150.00M | ||
| Net Income to Company | 949.00M | 915.00M | 4.01B | 711.00M | 732.00M | 878.00M |
| Minority Interest in Earnings | -2.00M | -3.00M | -6.00M | -4.00M | -13.00M | |
| Net Income | 947.00M | 912.00M | 4.01B | 707.00M | 719.00M | 878.00M |
| Net Income to Common | 947.00M | 912.00M | 4.01B | 707.00M | 719.00M | 878.00M |
| Shares Outstanding (Basic) | 267.31M | 274.26M | 305.46M | 314.77M | 316.43M | 325.99M |
| Shares Outstanding (Diluted) | 268.90M | 275.97M | 308.21M | 317.02M | 320.01M | 331.62M |
| EPS (Basic) | 3.54 | 3.33 | 13.12 | 2.25 | 2.27 | 2.69 |
| EPS (Diluted) | 3.51 | 3.30 | 13.00 | 2.23 | 2.25 | 2.65 |
| Free Cash Flow | 827.00M | 788.00M | -369.00M | 818.00M | -1.35B | 34.00M |
| Free Cash Flow Per Share | 3.08 | 2.85 | -1.20 | 2.58 | -4.22 | 0.10 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.70 |
| Gross Margin | 18.63% | 19.59% | 20.70% | 19.13% | 16.83% | 19.74% |
| Operating Margin | 10.02% | 10.56% | 10.03% | 9.71% | 8.23% | 10.38% |
| Profit Margin | 6.61% | 6.93% | 33.98% | 5.86% | 5.38% | 6.36% |
| Free Cash Flow Margin | 5.77% | 5.99% | -3.13% | 6.78% | -10.10% | 0.25% |
| EBITDA | 2.08B | 2.01B | 1.79B | 1.78B | 1.70B | 2.13B |
| EBITDA Margin | 14.49% | 15.29% | 15.21% | 14.72% | 12.68% | 15.44% |
| D&A For EBITDA | 641.00M | 622.00M | 611.00M | 605.00M | 594.00M | 700.00M |
| EBIT | 1.44B | 1.39B | 1.18B | 1.17B | 1.10B | 1.43B |
| EBIT Margin | 10.02% | 10.56% | 10.03% | 9.71% | 8.23% | 10.38% |
| Effective Tax Rate | 21.08% | 20.78% | 23.62% | 23.03% | 19.17% | 15.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 491.00M | 1.21B | 885.00M | 695.00M | 548.00M | 563.00M |
| Trading Asset Securities | 9.00M | 3.00M | 4.00M | 11.00M | ||
| Cash & Short-Term Investments | 500.00M | 1.22B | 889.00M | 706.00M | 548.00M | 563.00M |
| Accounts Receivable | 2.76B | 2.06B | 1.74B | 1.67B | 2.11B | 2.02B |
| Other Receivables | 504.00M | 549.00M | 430.00M | 387.00M | 487.00M | 538.00M |
| Receivables | 3.26B | 2.61B | 2.17B | 2.06B | 2.59B | 2.56B |
| Inventory | 2.52B | 2.01B | 1.48B | 1.53B | 2.18B | 1.79B |
| Restricted Cash | 8.00M | 7.00M | 8.00M | 15.00M | 10.00M | 16.00M |
| Other Current Assets | 364.00M | 272.00M | 301.00M | 574.00M | 158.00M | 289.00M |
| Total Current Assets | 6.65B | 6.11B | 4.84B | 4.88B | 5.49B | 5.22B |
| Property, Plant & Equipment | 7.14B | 7.01B | 6.51B | 7.08B | 7.49B | 6.92B |
| Long-Term Investments | 335.00M | 358.00M | 233.00M | 212.00M | 193.00M | 184.00M |
| Goodwill | 4.40B | 4.38B | 4.17B | 4.25B | 4.24B | 4.38B |
| Other Intangible Assets | 908.00M | 982.00M | 1.08B | 1.25B | 1.42B | 1.69B |
| Long-Term Deferred Tax Assets | 38.00M | 64.00M | 63.00M | 114.00M | 73.00M | 126.00M |
| Other Long-Term Assets | 644.00M | 617.00M | 732.00M | 1.52B | 1.01B | 1.19B |
| Total Assets | 20.11B | 19.52B | 17.63B | 19.30B | 19.91B | 19.71B |
| Accounts Payable | 4.55B | 4.45B | 3.42B | 3.66B | 4.38B | 4.76B |
| Accrued Expenses | 236.00M | 303.00M | 303.00M | 245.00M | 236.00M | 349.00M |
| Short-Term Debt | 41.00M | 17.00M | 144.00M | 206.00M | 405.00M | 12.00M |
| Current Portion of Long-Term Debt | 649.00M | 2.00M | 191.00M | 859.00M | 1.00B | 1.00M |
| Current Portion of Leases | 85.00M | 80.00M | 105.00M | 86.00M | 93.00M | 82.00M |
| Current Unearned Revenue | 89.00M | 74.00M | 50.00M | 114.00M | 316.00M | 272.00M |
| Other Current Liabilities | 572.00M | 559.00M | 636.00M | 1.01B | 574.00M | 478.00M |
| Total Current Liabilities | 6.22B | 5.49B | 4.85B | 6.18B | 7.01B | 5.95B |
| Long-Term Debt | 6.52B | 6.99B | 5.31B | 7.50B | 7.53B | 7.71B |
| Long-Term Leases | 284.00M | 289.00M | 270.00M | 294.00M | 359.00M | 352.00M |
| Long-Term Unearned Revenue | 2.00M | 2.00M | 2.00M | 3.00M | 12.00M | 38.00M |
| Pension & Post-Retirement Benefits | 468.00M | 499.00M | 577.00M | 735.00M | 847.00M | 1.21B |
| Long-Term Deferred Tax Liabilities | 691.00M | 655.00M | 594.00M | 421.00M | 540.00M | 665.00M |
| Other Long-Term Liabilities | 155.00M | 185.00M | 101.00M | 331.00M | 86.00M | 106.00M |
| Total Liabilities | 14.34B | 14.10B | 11.70B | 15.47B | 16.38B | 16.03B |
| Common Stock | 1.45B | 1.42B | 1.40B | 1.31B | 1.26B | 1.22B |
| Retained Earnings | 12.54B | 12.22B | 11.53B | 7.76B | 7.31B | 6.84B |
| Treasury Stock | -7.44B | -7.35B | -6.06B | -4.39B | -4.43B | -3.85B |
| Comprehensive Income & Other | -802.00M | -869.00M | -1.00B | -916.00M | -679.00M | -582.00M |
| Total Common Equity | 5.75B | 5.42B | 5.86B | 3.77B | 3.46B | 3.63B |
| Minority Interest | 20.00M | 68.00M | 68.00M | 66.00M | 58.00M | |
| Shareholders' Equity | 5.77B | 5.42B | 5.93B | 3.84B | 3.53B | 3.69B |
| Total Liabilities & Equity | 20.11B | 19.52B | 17.63B | 19.30B | 19.91B | 19.71B |
| Total Debt | 7.58B | 7.37B | 6.02B | 8.94B | 9.39B | 8.16B |
| Net Cash (Debt) | -7.08B | -6.16B | -5.13B | -8.24B | -8.84B | -7.59B |
| Net Cash Per Share | -26.34 | -22.32 | -16.64 | -25.98 | -27.62 | -22.90 |
| Filing Date Shares Outstanding | 264.70M | 266.08M | 282.82M | 315.64M | 314.42M | 321.50M |
| Total Common Shares Outstanding | 264.61M | 265.37M | 289.38M | 315.69M | 314.11M | 319.42M |
| Working Capital | 430.00M | 626.00M | -6.00M | -1.30B | -1.52B | -730.00M |
| Book Value Per Share | 21.72 | 20.43 | 20.26 | 11.94 | 11.02 | 11.35 |
| Tangible Book Value | 441.00M | 60.00M | 610.00M | -1.73B | -2.19B | -2.44B |
| Tangible Book Value Per Share | 1.67 | 0.23 | 2.11 | -5.48 | -6.98 | -7.64 |
| Land | 225.00M | 225.00M | 198.00M | 215.00M | 187.00M | 167.00M |
| Buildings | 2.01B | 1.94B | 1.79B | 1.79B | 2.16B | 2.08B |
| Machinery | 8.44B | 8.19B | 7.45B | 7.64B | 7.28B | 6.88B |
| Construction In Progress | 925.00M | 932.00M | 836.00M | 1.18B | 1.50B | 1.18B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 947.00M | 912.00M | 4.01B | 707.00M | 719.00M | 878.00M |
| Depreciation & Amortization | 641.00M | 622.00M | 611.00M | 605.00M | 594.00M | 700.00M |
| Loss (Gain) From Sale of Assets | -81.00M | -81.00M | ||||
| Asset Writedown & Restructuring Costs | 428.00M | 94.00M | 268.00M | |||
| Loss (Gain) From Sale of Investments | 1.00M | 8.00M | -298.00M | 5.00M | ||
| Other Operating Activities | 223.00M | -71.00M | 244.00M | -4.00M | -136.00M | 58.00M |
| Change in Accounts Receivable | -317.00M | -317.00M | -325.00M | 238.00M | -305.00M | -863.00M |
| Change in Inventory | -453.00M | -453.00M | -25.00M | 626.00M | -458.00M | -464.00M |
| Change in Accounts Payable | 730.00M | 730.00M | -91.00M | -510.00M | -83.00M | 1.31B |
| Change in Other Net Operating Assets | -265.00M | -91.00M | -110.00M | 6.00M | -78.00M | 134.00M |
| Operating Cash Flow | 1.43B | 1.26B | 115.00M | 1.86B | 301.00M | 1.76B |
| Capital Expenditures | -599.00M | -474.00M | -484.00M | -1.04B | -1.65B | -1.73B |
| Cash Acquisitions | -77.00M | -159.00M | -74.00M | |||
| Divestitures | 28.00M | 32.00M | 5.42B | 759.00M | 112.00M | |
| Other Investing Activities | -54.00M | -55.00M | 139.00M | -8.00M | 106.00M | -25.00M |
| Investing Cash Flow | -702.00M | -656.00M | 5.00B | -1.05B | -786.00M | -1.64B |
| Short-Term Debt Issued | 394.00M | |||||
| Long-Term Debt Issued | 6.68B | 650.00M | 2.05B | 4.85B | 850.00M | |
| Total Debt Issued | 5.26B | 6.68B | 650.00M | 2.05B | 5.25B | 850.00M |
| Short-Term Debt Repaid | -158.00M | -29.00M | -210.00M | -2.00M | ||
| Long-Term Debt Repaid | -5.30B | -3.48B | -2.28B | -3.88B | -750.00M | |
| Total Debt Repaid | -5.18B | -5.46B | -3.51B | -2.49B | -3.88B | -752.00M |
| Net Debt Issued (Repaid) | 77.00M | 1.23B | -2.86B | -440.00M | 1.36B | 98.00M |
| Repurchase of Common Stock | -414.00M | -1.32B | -1.71B | -3.00M | -618.00M | -766.00M |
| Common Dividends Paid | -215.00M | -220.00M | -244.00M | -252.00M | -254.00M | -229.00M |
| Other Financing Activities | -6.00M | -31.00M | 25.00M | 33.00M | -4.00M | 3.00M |
| Financing Cash Flow | -558.00M | -344.00M | -4.79B | -662.00M | 485.00M | -894.00M |
| Foreign Exchange Rate Adjustments | 17.00M | 28.00M | -107.00M | 4.00M | -21.00M | -29.00M |
| Net Cash Flow | 183.00M | 290.00M | 221.00M | 152.00M | -21.00M | -802.00M |
| Free Cash Flow | 827.00M | 788.00M | -369.00M | 818.00M | -1.35B | 34.00M |
| Free Cash Flow Margin | 5.77% | 5.99% | -3.13% | 6.78% | -10.10% | 0.25% |
| Free Cash Flow Per Share | 3.08 | 2.85 | -1.20 | 2.58 | -4.22 | 0.10 |
| Levered Free Cash Flow | 379.88M | 883.50M | 337.25M | 322.38M | -1.16B | -116.12M |
| Unlevered Free Cash Flow | 579.88M | 1.08B | 520.38M | 609.88M | -963.88M | 52.62M |
| Cash Interest Paid | 317.00M | 317.00M | 336.00M | 378.00M | 312.00M | 276.00M |
| Cash Income Tax Paid | 374.00M | 374.00M | 922.00M | 179.00M | 143.00M | 136.00M |
| Change in Working Capital | -305.00M | -131.00M | -551.00M | 360.00M | -924.00M | 119.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.99B | 14.20B | 16.45B | 18.14B | 16.05B | 31.18B |
| Enterprise Value | 25.07B | 21.18B | 21.21B | 26.90B | 24.93B | 38.72B |
| Last Close Price | 66.47 | 52.45 | 53.76 | 55.39 | 48.53 | 90.25 |
| PE Ratio | 19.37 | 15.56 | 4.11 | 25.65 | 22.33 | 35.51 |
| Forward PE | 16.18 | 13.70 | 16.13 | 18.52 | 17.11 | 24.70 |
| PS Ratio | 1.25 | 1.08 | 1.40 | 1.50 | 1.20 | 2.26 |
| PB Ratio | 3.06 | 2.62 | 2.77 | 4.73 | 4.55 | 8.46 |
| P/TBV Ratio | 40.58 | 236.59 | 26.97 | |||
| P/FCF Ratio | 21.64 | 18.01 | 22.17 | 917.10 | ||
| P/OCF Ratio | 12.55 | 11.25 | 143.06 | 9.73 | 53.34 | 17.72 |
| PEG Ratio | 1.27 | 1.05 | 1.15 | 1.32 | 1.97 | 1.43 |
| EV/Sales Ratio | 1.74 | 1.61 | 1.80 | 2.23 | 1.86 | 2.80 |
| EV/EBITDA Ratio | 12.03 | 10.53 | 11.82 | 15.15 | 14.71 | 18.15 |
| EV/EBIT Ratio | 17.41 | 15.24 | 17.93 | 22.97 | 22.65 | 27.02 |
| EV/FCF Ratio | 30.20 | 26.88 | 32.88 | 1,138.86 | ||
| Debt / Equity Ratio | 1.31 | 1.36 | 1.01 | 2.33 | 2.66 | 2.21 |
| Debt / EBITDA Ratio | 3.47 | 3.48 | 3.17 | 4.75 | 5.15 | 3.64 |
| Debt / FCF Ratio | 9.17 | 9.36 | 10.93 | 239.91 | ||
| Net Debt / Equity Ratio | 1.23 | 1.14 | 0.86 | 2.15 | 2.51 | 2.06 |
| Net Debt / EBITDA Ratio | 3.41 | 3.06 | 2.86 | 4.64 | 5.21 | 3.56 |
| Net Debt / FCF Ratio | 8.56 | 7.82 | -13.90 | 10.07 | -6.55 | 223.35 |
| Asset Turnover | 0.74 | 0.71 | 0.64 | 0.61 | 0.68 | 0.73 |
| Inventory Turnover | 5.49 | 6.07 | 6.22 | 5.26 | 5.60 | 7.04 |
| Quick Ratio | 0.60 | 0.70 | 0.63 | 0.45 | 0.45 | 0.53 |
| Current Ratio | 1.07 | 1.11 | 1.00 | 0.79 | 0.78 | 0.88 |
| Return on Equity (ROE) | 17.15% | 16.12% | 8.80% | 13.25% | 16.14% | 25.01% |
| Return on Assets (ROA) | 4.63% | 4.68% | 4.00% | 3.73% | 3.47% | 4.72% |
| Return on Invested Capital (ROIC) | 8.74% | 9.73% | 7.81% | 7.38% | 7.53% | 11.40% |
| Return on Capital Employed (ROCE) | 10.30% | 9.90% | 9.30% | 8.90% | 8.50% | 10.40% |
| Earnings Yield | 5.16% | 6.42% | 24.36% | 3.90% | 4.48% | 2.82% |
| FCF Yield | 4.62% | 5.55% | -2.24% | 4.51% | -8.41% | 0.11% |
| Dividend Yield | 1.18% | 1.50% | 1.41% | 1.39% | 1.57% | 0.72% |
| Payout Ratio | 22.80% | 24.12% | 6.09% | 35.64% | 35.33% | 26.08% |
| Buyback Yield / Dilution | 7.77% | 10.46% | 2.78% | 0.93% | 3.50% | 0.36% |
| Total Shareholder Return | 8.96% | 11.96% | 4.19% | 2.33% | 5.07% | 1.08% |