MARKETS / NYSE / BALL

NYSE · METAL CANS · LARGE CAP

Ball Corp. BALL

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$13.2B

▲ 11.6% YoY

Net income

$915.0M

▼ 77.2% YoY

Free cash flow

$788.0M

In brief

What this company does

Ball Corporation and its consolidated subsidiaries supply aluminum packaging for the beverage, personal care and household products industries. At the end of 2025, the company and its subsidiaries employed approximately 16,000 employees, including approximately 5,000 in the U.S. Since the first quarter of 2024, the company reports its financial performance in three reportable segments: beverage packaging, North and Central America; beverage packaging, Europe, Middle East and Africa; and beverage packaging, South America. The beverage packaging, North and Central America, segment accounted for 48 percent of consolidated net sales in 2025, and its aluminum beverage containers and ends are produced at 17 manufacturing facilities in the U.S., one in Canada and two in Mexico. The beverage packaging, EMEA, segment accounted for 30 percent of consolidated net sales in 2025, with operations that include 19 facilities throughout Europe and one facility each in Cairo, Egypt, and Manisa, Turkey. The beverage packaging, South America, segment accounted for 16 percent of consolidated net sales in 2025, with operations consisting of 12 facilities, nine in Brazil and one each in Argentina, Chile and Paraguay. The company was organized in 1880 and incorporated in the state of Indiana, United States of America, in 1922.

Written from the business description in BALL CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 13.2B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 13.2 · Net income 0.9

Compound annual growth

Revenue

−0.5%

+2.2%

+5.1%

+3.7%

Net income

+7.7%

+9.5%

+11.7%

+4.5%

EPS, diluted

+13.6%

+13.4%

+12.7%

Dividend / share

+0.0%

+5.9%

+11.9%

Returned to shareholders

+20.9%

+45.4%

+24.5%

+7.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +2.2% a year over five years — but profit grew faster: net income at +9.5%, earnings per share at +13.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating — · Net 7.0%

ROE

FY2025 · ROE 16.2%

Gross margin19.6%

Operating margin—

Net margin7.0%

Return on assets4.9%

EBITDA—

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders

USD 1.5B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.8

Net buybacks $B Dividends $B

FY2025 · Dividends 0.2 · Net buybacks 1.3

Dividends paidUSD 220.0M

Net buybacksUSD 1.3B

Share of profit168.4%

Consecutive raises—

USD 220.0M in dividends and USD 1.3B in buybacks — 168% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 19.5B

EquityUSD 5.4B

CashUSD 1.2B

Gross debtUSD 7.0B

Net debtUSD 5.8B

Current ratio1.11×

Net debt stands at 107% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	13.2	11.8	12.1	13.4	13.8	11.8	11.5	11.6	11.0	9.1	8.0	8.6	8.5	8.7	8.6	7.6	6.7	6.8
Operating income $B	·	·	1.3	1.2	1.3	1.0	0.9	0.9	0.8	0.5	0.6	0.8	0.8	0.8	0.8	0.8	0.7	0.6
EBITDA $B	·	·	1.9	1.8	2.0	1.7	1.6	1.6	1.5	0.9	0.9	1.1	1.1	1.1	1.1	1.0	0.9	0.8
Income tax $B	0.2	0.1	0.1	0.1	0.2	0.1	0.1	0.2	0.2	−0.1	0.0	0.1	0.1	0.2	0.2	0.2	0.2	0.1
Net income $B	0.9	4.0	0.7	0.7	0.9	0.6	0.5	0.5	0.4	0.3	0.3	0.5	0.4	0.4	0.5	0.5	0.4	0.3
Free cash flow $B	0.8	−0.4	0.8	−1.4	0.0	0.3	0.9	0.8	0.9	−0.4	0.5	0.6	0.5	0.5	0.5	0.3	0.4	0.3
EPS, diluted $	3.30	13.00	2.23	2.25	2.65	1.76	1.66	1.29	1.05	0.81	1.00	3.30	2.73	2.50	2.63	2.55	2.04	1.65
Dividend / sh $	0.80	0.80	0.80	0.80	0.70	0.60	0.55	0.40	0.36	0.26	0.26	0.52	0.52	0.40	0.28	0.20	0.20	0.20
Payout %	24	6	35	35	26	34	34	30	34	31	24	15	17	15	10	8	10	12
ROE %	16.2	83.4	19.7	20.7	25.4	18.7	16.7	12.2	10.3	11.4	26.5	44.1	37.2	35.9	32.4	30.2	29.1	29.4

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures · 4 divergences in 74 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 4 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures4 divergent

ActivityMetal Cans

Listed onNYSE

Incorporated inIndiana

Fiscal year endsDecember 31

Data on record since2008