NYSE : OI
O-I Glass, Inc. — Financial statements
Consumer Discretionary · Packaging & Containers · United States
Last price 5.29 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 814.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
O-I Glass, Inc. (OI) reported revenue of 6.33B 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 | 6.33B | 6.43B | 6.53B | 7.11B | 6.86B | 6.36B |
| Cost of Revenue | 5.49B | 5.32B | 5.49B | 5.61B | 5.64B | 5.27B |
| Gross Profit | 838.00M | 1.11B | 1.04B | 1.50B | 1.21B | 1.09B |
| Selling, General & Admin | 397.00M | 451.00M | 462.00M | 556.00M | 507.00M | 440.00M |
| Research & Development | 35.00M | 42.00M | 80.00M | 92.00M | 79.00M | 82.00M |
| Other Operating Expenses | 27.00M | 18.00M | -42.00M | -10.00M | -16.00M | |
| Operating Expenses | 459.00M | 511.00M | 500.00M | 638.00M | 570.00M | 522.00M |
| Operating Income | 379.00M | 598.00M | 545.00M | 858.00M | 643.00M | 569.00M |
| Interest Expense | -342.00M | -341.00M | -335.00M | -342.00M | -239.00M | -216.00M |
| Earnings From Equity Investments | 115.00M | 119.00M | 79.00M | 127.00M | 107.00M | 90.00M |
| Currency Exchange Gain (Loss) | 26.00M | 22.00M | -35.00M | -16.00M | -22.00M | -3.00M |
| EBT Excluding Unusual Items | 179.00M | 398.00M | 254.00M | 627.00M | 489.00M | 440.00M |
| Merger & Restructuring Charges | -249.00M | -443.00M | -206.00M | -100.00M | -53.00M | -35.00M |
| Impairment of Goodwill | -873.00M | -445.00M | ||||
| Gain (Loss) on Sale of Investments | -41.00M | |||||
| Gain (Loss) on Sale of Assets | 5.00M | 5.00M | 6.00M | 4.00M | 389.00M | 84.00M |
| Legal Settlements | -4.00M | -11.00M | 71.00M | |||
| Other Unusual Items | 1.00M | -5.00M | -5.00M | -19.00M | -20.00M | -228.00M |
| Pretax Income | -978.00M | -49.00M | 38.00M | 67.00M | 805.00M | 332.00M |
| Income Tax Expense | 192.00M | 54.00M | 126.00M | 152.00M | 178.00M | 167.00M |
| Earnings From Continuing Operations | -1.17B | -103.00M | -88.00M | -85.00M | 627.00M | 165.00M |
| Earnings From Discontinued Operations | 7.00M | |||||
| Net Income to Company | -1.17B | -103.00M | -88.00M | -85.00M | 627.00M | 172.00M |
| Minority Interest in Earnings | -26.00M | -26.00M | -18.00M | -18.00M | -43.00M | -23.00M |
| Net Income | -1.20B | -129.00M | -106.00M | -103.00M | 584.00M | 149.00M |
| Net Income to Common | -1.20B | -129.00M | -106.00M | -103.00M | 584.00M | 149.00M |
| Shares Outstanding (Basic) | 153.24M | 153.55M | 154.55M | 154.65M | 155.31M | 157.15M |
| Shares Outstanding (Diluted) | 153.24M | 153.55M | 154.55M | 154.65M | 158.99M | 160.31M |
| EPS (Basic) | -7.80 | -0.84 | -0.69 | -0.67 | 3.76 | 0.95 |
| EPS (Diluted) | -7.81 | -0.84 | -0.69 | -0.67 | 3.76 | 0.92 |
| Free Cash Flow | -44.00M | 168.00M | -128.00M | 130.00M | -385.00M | 289.00M |
| Free Cash Flow Per Share | -0.29 | 1.09 | -0.83 | 0.84 | -2.42 | 1.80 |
| Gross Margin | 13.24% | 17.26% | 16.00% | 21.06% | 17.69% | 17.16% |
| Operating Margin | 5.99% | 9.31% | 8.34% | 12.08% | 9.38% | 8.95% |
| Profit Margin | -18.89% | -2.01% | -1.62% | -1.45% | 8.52% | 2.34% |
| Free Cash Flow Margin | -0.69% | 2.61% | -1.96% | 1.83% | -5.62% | 4.55% |
| EBITDA | 801.00M | 1.02B | 969.00M | 1.27B | 1.03B | 959.00M |
| EBITDA Margin | 12.65% | 15.81% | 14.84% | 17.95% | 14.99% | 15.09% |
| D&A For EBITDA | 422.00M | 418.00M | 424.00M | 417.00M | 385.00M | 390.00M |
| EBIT | 379.00M | 598.00M | 545.00M | 858.00M | 643.00M | 569.00M |
| EBIT Margin | 5.99% | 9.31% | 8.34% | 12.08% | 9.38% | 8.95% |
| Effective Tax Rate | 331.58% | 226.87% | 22.11% | 50.30% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 379.00M | 759.00M | 734.00M | 913.00M | 773.00M | 725.00M |
| Cash & Short-Term Investments | 379.00M | 759.00M | 734.00M | 913.00M | 773.00M | 725.00M |
| Receivables | 867.00M | 601.00M | 572.00M | 671.00M | 760.00M | 692.00M |
| Inventory | 944.00M | 1.00B | 963.00M | 1.07B | 848.00M | 816.00M |
| Prepaid Expenses | 297.00M | 239.00M | 209.00M | 229.00M | 222.00M | 237.00M |
| Other Current Assets | 49.00M | |||||
| Total Current Assets | 2.49B | 2.60B | 2.48B | 2.88B | 2.60B | 2.52B |
| Property, Plant & Equipment | 3.40B | 3.63B | 3.50B | 3.77B | 3.19B | 2.93B |
| Long-Term Investments | 735.00M | 661.00M | 743.00M | 695.00M | 643.00M | |
| Goodwill | 580.00M | 1.49B | 1.32B | 1.47B | 1.81B | 1.84B |
| Other Intangible Assets | 168.00M | 222.00M | 235.00M | 296.00M | 306.00M | 335.00M |
| Long-Term Deferred Tax Assets | 138.00M | 79.00M | 107.00M | 117.00M | 152.00M | |
| Long-Term Deferred Charges | 90.00M | 88.00M | 103.00M | 90.00M | 80.00M | |
| Other Long-Term Assets | 1.37B | 337.00M | 295.00M | 288.00M | 250.00M | 330.00M |
| Total Assets | 8.00B | 9.24B | 8.65B | 9.67B | 9.06B | 8.83B |
| Accounts Payable | 1.10B | 1.20B | 1.14B | 1.44B | 1.35B | 1.21B |
| Accrued Expenses | 509.00M | 437.00M | 527.00M | 539.00M | 472.00M | |
| Short-Term Debt | 120.00M | 96.00M | 110.00M | 106.00M | 45.00M | 34.00M |
| Current Portion of Long-Term Debt | 63.00M | 28.00M | 274.00M | 119.00M | 287.00M | 24.00M |
| Current Portion of Leases | 83.00M | 73.00M | 67.00M | 54.00M | 52.00M | |
| Current Income Taxes Payable | 41.00M | 49.00M | 90.00M | 77.00M | 41.00M | |
| Other Current Liabilities | 657.00M | 131.00M | 75.00M | 13.00M | ||
| Total Current Liabilities | 1.94B | 2.09B | 2.16B | 2.35B | 2.36B | 1.85B |
| Long-Term Debt | 4.59B | 4.70B | 4.39B | 4.55B | 4.25B | 4.67B |
| Long-Term Leases | 142.00M | 287.00M | 332.00M | 335.00M | 308.00M | 162.00M |
| Pension & Post-Retirement Benefits | 251.00M | 255.00M | 315.00M | 288.00M | 390.00M | |
| Long-Term Deferred Tax Liabilities | 75.00M | 74.00M | 86.00M | 84.00M | 102.00M | |
| Other Long-Term Liabilities | 790.00M | 395.00M | 238.00M | 296.00M | 244.00M | 836.00M |
| Total Liabilities | 7.46B | 7.80B | 7.45B | 7.92B | 7.53B | 8.01B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 3.02B | 3.03B | 3.05B | 3.09B | 3.08B | 3.09B |
| Retained Earnings | -510.00M | 548.00M | 676.00M | 782.00M | 885.00M | 301.00M |
| Treasury Stock | -655.00M | -667.00M | -677.00M | -681.00M | -688.00M | -701.00M |
| Comprehensive Income & Other | -1.49B | -1.62B | -1.98B | -1.58B | -1.86B | -1.97B |
| Total Common Equity | 370.00M | 1.29B | 1.08B | 1.61B | 1.42B | 720.00M |
| Minority Interest | 166.00M | 151.00M | 126.00M | 135.00M | 111.00M | 107.00M |
| Shareholders' Equity | 536.00M | 1.45B | 1.21B | 1.74B | 1.53B | 827.00M |
| Total Liabilities & Equity | 8.00B | 9.24B | 8.65B | 9.67B | 9.06B | 8.83B |
| Total Debt | 4.92B | 5.20B | 5.18B | 5.17B | 4.95B | 4.94B |
| Net Cash (Debt) | -4.54B | -4.44B | -4.45B | -4.26B | -4.17B | -4.22B |
| Net Cash Per Share | -29.63 | -28.89 | -28.76 | -27.55 | -26.25 | -26.30 |
| Filing Date Shares Outstanding | 153.94M | 152.36M | 154.07M | 153.67M | 154.36M | 155.62M |
| Total Common Shares Outstanding | 153.94M | 152.97M | 154.07M | 154.25M | 154.69M | 156.36M |
| Working Capital | 548.00M | 512.00M | 318.00M | 538.00M | 246.00M | 673.00M |
| Book Value Per Share | 2.40 | 8.46 | 7.00 | 10.43 | 9.16 | 4.60 |
| Tangible Book Value | -378.00M | -415.00M | -477.00M | -160.00M | -702.00M | -1.46B |
| Tangible Book Value Per Share | -2.46 | -2.71 | -3.10 | -1.04 | -4.54 | -9.31 |
| Land | 227.00M | 208.00M | 234.00M | 217.00M | 237.00M | |
| Buildings | 1.38B | 1.15B | 1.19B | 1.10B | 1.13B | |
| Machinery | 6.42B | 5.60B | 5.84B | 5.23B | 5.18B | |
| Construction In Progress | 362.00M | 834.00M | 817.00M | 556.00M | 300.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.20B | -129.00M | -106.00M | -103.00M | 584.00M | 149.00M |
| Depreciation & Amortization | 422.00M | 418.00M | 424.00M | 417.00M | 385.00M | 390.00M |
| Other Amortization | 71.00M | 71.00M | 72.00M | 77.00M | 80.00M | 73.00M |
| Loss (Gain) From Sale of Assets | -5.00M | -5.00M | -6.00M | -4.00M | -389.00M | -84.00M |
| Asset Writedown & Restructuring Costs | 963.00M | 317.00M | 167.00M | 516.00M | 30.00M | -2.00M |
| Loss (Gain) From Sale of Investments | 41.00M | 25.00M | ||||
| Stock-Based Compensation | 23.00M | 25.00M | 14.00M | 43.00M | 33.00M | 8.00M |
| Other Operating Activities | 15.00M | -117.00M | 24.00M | 20.00M | -664.00M | 159.00M |
| Change in Accounts Receivable | 57.00M | 57.00M | 14.00M | 151.00M | -83.00M | -146.00M |
| Change in Inventory | 41.00M | 41.00M | 35.00M | -174.00M | -61.00M | -32.00M |
| Change in Accounts Payable | -45.00M | -45.00M | -95.00M | -102.00M | 146.00M | 161.00M |
| Change in Income Taxes | -8.00M | -8.00M | -45.00M | -3.00M | 35.00M | 19.00M |
| Change in Other Net Operating Assets | -12.00M | -25.00M | -34.00M | -20.00M | 58.00M | -15.00M |
| Operating Cash Flow | 367.00M | 600.00M | 489.00M | 818.00M | 154.00M | 687.00M |
| Capital Expenditures | -411.00M | -432.00M | -617.00M | -688.00M | -539.00M | -398.00M |
| Cash Acquisitions | 12.00M | |||||
| Divestitures | 56.00M | 56.00M | 29.00M | 11.00M | 98.00M | 180.00M |
| Investment in Securities | -2.00M | -3.00M | -10.00M | -12.00M | ||
| Other Investing Activities | 2.00M | 8.00M | -29.00M | 4.00M | 344.00M | -2.00M |
| Investing Cash Flow | -355.00M | -368.00M | -620.00M | -683.00M | -97.00M | -220.00M |
| Short-Term Debt Issued | 17.00M | 47.00M | 16.00M | |||
| Long-Term Debt Issued | 2.53B | 1.10B | 1.33B | 2.85B | 1.02B | |
| Total Debt Issued | 1.56B | 2.53B | 1.12B | 1.38B | 2.87B | 1.02B |
| Short-Term Debt Repaid | -30.00M | -17.00M | ||||
| Long-Term Debt Repaid | -2.64B | -1.04B | -1.30B | -2.90B | -1.19B | |
| Total Debt Repaid | -1.72B | -2.67B | -1.04B | -1.30B | -2.90B | -1.21B |
| Net Debt Issued (Repaid) | -157.00M | -147.00M | 76.00M | 81.00M | -29.00M | -184.00M |
| Repurchase of Common Stock | -20.00M | -40.00M | -40.00M | -40.00M | -40.00M | -40.00M |
| Other Financing Activities | -31.00M | -63.00M | -44.00M | -68.00M | 75.00M | -49.00M |
| Financing Cash Flow | -208.00M | -250.00M | -8.00M | -27.00M | 6.00M | -273.00M |
| Foreign Exchange Rate Adjustments | 19.00M | 43.00M | -40.00M | 32.00M | -15.00M | -29.00M |
| Miscellaneous Cash Flow Adjustments | -3.00M | |||||
| Net Cash Flow | -177.00M | 25.00M | -179.00M | 140.00M | 48.00M | 162.00M |
| Free Cash Flow | -44.00M | 168.00M | -128.00M | 130.00M | -385.00M | 289.00M |
| Free Cash Flow Margin | -0.69% | 2.61% | -1.96% | 1.83% | -5.62% | 4.55% |
| Free Cash Flow Per Share | -0.29 | 1.09 | -0.83 | 0.84 | -2.42 | 1.80 |
| Levered Free Cash Flow | 57.12M | 323.62M | -99.75M | 113.50M | 410.50M | 313.62M |
| Unlevered Free Cash Flow | 260.88M | 526.75M | 99.62M | 316.25M | 548.88M | 434.62M |
| Cash Interest Paid | 322.00M | 328.00M | 344.00M | 298.00M | 217.00M | 198.00M |
| Cash Income Tax Paid | 124.00M | 117.00M | 161.00M | 147.00M | 171.00M | 111.00M |
| Change in Working Capital | 33.00M | 20.00M | -125.00M | -148.00M | 95.00M | -13.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 788.19M | 2.27B | 1.68B | 2.53B | 2.57B | 1.89B |
| Enterprise Value | 5.33B | 6.97B | 6.30B | 6.78B | 6.83B | 6.30B |
| Last Close Price | 5.12 | 14.76 | 10.84 | 16.38 | 16.57 | 12.03 |
| PE Ratio | 4.40 | 12.66 | ||||
| Forward PE | 9.11 | 8.31 | 9.65 | 7.97 | 7.64 | 6.43 |
| PS Ratio | 0.12 | 0.35 | 0.26 | 0.36 | 0.38 | 0.30 |
| PB Ratio | 2.13 | 1.57 | 1.39 | 1.45 | 1.68 | 2.28 |
| P/FCF Ratio | 13.49 | 19.50 | 6.53 | |||
| P/OCF Ratio | 2.15 | 3.78 | 3.43 | 3.10 | 16.69 | 2.75 |
| PEG Ratio | 0.21 | 5.22 | 3.72 | 2.59 | 0.59 | |
| EV/Sales Ratio | 0.84 | 1.08 | 0.96 | 0.95 | 1.00 | 0.99 |
| EV/EBITDA Ratio | 6.65 | 6.86 | 6.50 | 5.32 | 6.65 | 6.57 |
| EV/EBIT Ratio | 14.06 | 11.66 | 11.56 | 7.91 | 10.63 | 11.07 |
| EV/FCF Ratio | 41.49 | 52.17 | 21.80 | |||
| Debt / Equity Ratio | 9.18 | 3.60 | 4.30 | 2.97 | 3.24 | 5.97 |
| Debt / EBITDA Ratio | 5.68 | 4.81 | 5.01 | 3.87 | 4.56 | 4.89 |
| Debt / FCF Ratio | 30.92 | 39.80 | 17.10 | |||
| Net Debt / Equity Ratio | 8.47 | 3.07 | 3.69 | 2.44 | 2.73 | 5.10 |
| Net Debt / EBITDA Ratio | 5.67 | 4.37 | 4.59 | 3.34 | 4.06 | 4.40 |
| Net Debt / FCF Ratio | -103.18 | 26.41 | -34.73 | 32.78 | -10.84 | 14.59 |
| Asset Turnover | 0.73 | 0.72 | 0.71 | 0.76 | 0.77 | 0.72 |
| Inventory Turnover | 5.70 | 5.41 | 5.39 | 5.85 | 6.78 | 6.36 |
| Quick Ratio | 0.64 | 0.65 | 0.60 | 0.68 | 0.65 | 0.77 |
| Current Ratio | 1.28 | 1.25 | 1.15 | 1.23 | 1.10 | 1.36 |
| Return on Equity (ROE) | -116.65% | -7.77% | -5.97% | -5.20% | 53.25% | 26.87% |
| Return on Assets (ROA) | 2.74% | 4.18% | 3.72% | 5.73% | 4.49% | 4.01% |
| Return on Invested Capital (ROIC) | 7.39% | 10.37% | -21.66% | -18.60% | 9.32% | 5.57% |
| Return on Capital Employed (ROCE) | 6.30% | 8.40% | 8.40% | 11.70% | 9.60% | 8.10% |
| Earnings Yield | -152.48% | -5.69% | -6.32% | -4.06% | 22.72% | 7.90% |
| FCF Yield | -5.58% | 7.41% | -7.64% | 5.13% | -14.98% | 15.32% |
| Buyback Yield / Dilution | 0.38% | 0.65% | 0.06% | 2.73% | 0.83% | -0.96% |
| Total Shareholder Return | 0.38% | 0.65% | 0.06% | 2.73% | 0.83% | -0.96% |