FirmAtlas
Company handbook · BALL · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
BALL · CIK 9389 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
Ball Corporation
$63.20
+0.40 (+0.64%)
Close, Oct 16, 2026 · 52-week $45–68
Last fiscal year
Ball Corporation reported revenue of $13.2B for the year ended Dec 31, 2025 (FY25), up 11.6% from FY24. Net income was $912M, operating cash flow $1.3B and free cash flow $788M. Source: 10-K filed Feb 19, 2026.
Market cap
$17.4B
P/E
18.4
P/B
3.0
Div yield
1.27%
Revenue 1Y
11.6%/yr
EPS 1Y
−74.6%/yr
Shares 1Y
−10%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEORonald J. Lewis
HQWestminster, CO
AuditorPricewaterhouseCoopers LLP
Employees16,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.8%
−7.1%
12.0%
31.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.7B deployed
Capex
$958M
20.4%
Acquisitions
$233M
5.0%
Dividends
$464M
9.9%
Buybacks
$3.0B
64.7%
Operating cash flow over the period: $1.4B. Total debt changed by +$1.7B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
17,628
19,524+10.8%
20,110
Cash & short-term investments
931
1,221+31.1%
—
Accounts receivable
1,736
2,057+18.5%
—
Inventory
1,477
2,013+36.3%
—
Net PP&E
6,173
6,656+7.8%
—
Other assets
7,311
7,577+3.6%
—
Total liabilities
11,766
14,103+19.9%
14,364
Accounts payable
3,418
4,452+30.3%
—
Total debt
5,312
6,991+31.6%
6,528
Other liabilities
3,036
2,660−12.4%
—
Shareholders’ equity
5,862
5,421−7.5%
5,746
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
115
1,262+997.4%
1,426
Net income
4,014
915−77.2%
—
Depreciation & amortization
611
622+1.8%
—
Stock-based compensation
63
28−55.6%
—
Working capital & other
(4,573)
(303)n/m
—
Cash from investing
5,003
(656)−113.1%
—
Capex
(484)
(474)n/m
—
Acquisitions
(74)
(159)n/m
—
Other investing
5,561
(23)−100.4%
—
Cash from financing
(4,790)
(344)n/m
—
Debt raised
650
6,683+928.2%
—
Debt repaid
(3,480)
(5,297)n/m
—
Dividends
(244)
(220)n/m
—
Buybacks
(1,712)
(1,321)n/m
—
Other financing
(4)
(189)n/m
—
Net change in cash
221
290+31.2%
—
Free cash flow (OCF − capex)
(369)
788n/m
827
Where the cash went
Operating cash flow
115
1,262+997.4%
1,426
Reinvested in the business
558
633+13.4%
—
% of operating cash flow
485.2%
50.2%
Capex
484
474−2.1%
599
Acquisitions
74
159+114.9%
—
Free cash flow
(369)
788n/m
827
YoY
n/m
Returned to shareholders
1,956
1,541−21.2%
—
% of free cash flow
—
195.6%
Dividends
244
220−9.8%
—
Buybacks
1,712
1,321−22.8%
—
Change in total debt
—
1,679
—
Cash left over
—
767
—
FCF conversion (FCF ÷ net income)
−9.2%
86.4%+95.6 pp
—
Owner earnings
—
1,237
—
Owner earnings margin
—
9.4%
—
Buyback yield
10.1%
9.0%−1.0 pp
—
Returns & ratios
Debt / equity
0.91x
1.29x+0.38x
—
Cash conversion cycle (days)
−6
−11−4 d
—
ROE
68.4%
16.8%−51.5 pp
—
ROA
22.7%
4.7%−18.1 pp
—
Invested capital (operating)
5,968
6,274+5.1%
—
Invested capital (all)
10,243
11,191+9.3%
—
Debtor days
54
57+3 d
—
Inventory days
46
56+10 d
—
Days payable
106
123+18 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,379
3,347
3,603
3,997
vs year-ago quarter
Net income
321
200
205
221
vs year-ago quarter
Net margin
9.5%
6.0%
5.7%
5.5%
EPS (diluted, $)
1.18
0.72
0.77
0.83
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
18,721
19,524
19,770
20,110
Cash & equivalents
579
1,221
749
501
Total debt
6,864
6,991
7,021
6,528
Shareholders’ equity
5,446
5,421
5,600
5,746
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
384
1,211
(777)
608
Capex
127
170
161
141
Free cash flow
257
1,041
(938)
467
vs year-ago quarter