Ball Corporation

BALL Consumer Cyclical Packaging & Containers

Ball Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, up 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 19.7%, EPS grew 7.79%, free cash flow grew 97.9% and total debt rose 2.75%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years; insiders bought in the last twelve months.

63.20 0.40 +0.64%
Market cap
$16.6B
P/E
17.9×
Fwd P/E
15.0×
Dividend yield
1.27%
F-score
6/9
Altman Z
2.45
Beneish M
−2.38
Dividend safety
68/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
38.36 33.74 34.83 37.82 52.06 35.66 22.89 25.44 4.32 15.91
Piotroski F-Score
5 6 8 6 6 7 4 6 8 6
P/S ratio
1.32 1.23 1.36 1.87 2.58 2.27 1.23 1.49 1.43 1.10
Altman Z-Score
1.68 1.78 2.06 2.15 2.54 2.53 1.86 1.99 2.59 2.45
Altman Z″-Score (non-manufacturers)
1.72 1.45 1.66 1.41 1.79 1.57 1.27 1.49 2.95 3.15
P/FCF ratio
0.00 14.68 21.14 22.54 95.30 923.03 0.00 21.93 0.00 18.44
Beneish M-Score
(1.85) (2.70) (2.69) (2.86) (2.69) (2.30) (2.34) (3.05) (2.39) (2.38)
P/Operating CF
19.15 18.43 29.41 24.00 27.97 35.50 31.32 24.37 33.68 12.00
Dividend Safety Score
— — — — — — — — — 68
P/B ratio
3.39 3.34 4.45 7.09 9.11 8.52 4.66 4.67 2.84 2.68
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.84 242.13
EV/Sales
2.09 1.83 1.88 2.39 3.13 2.79 1.86 2.14 1.83 1.54
EV/EBITDA
20.66 13.10 13.35 17.04 22.04 19.37 14.60 14.97 15.64 9.90
EV/Operating CF
98.06 13.57 13.96 17.72 25.72 21.91 82.54 13.85 188.07 16.11
EV/FCF
(45.82) 21.75 29.15 28.88 115.47 1,134.03 (18.40) 31.55 (58.61) 25.80
Quick Ratio
0.70 0.51 0.62 0.61 0.70 0.52 0.45 0.44 0.63 0.70
Current Ratio
1.23 0.92 0.96 0.88 1.05 0.88 0.78 0.79 1.00 1.11
Net Debt/EBITDA
7.57 4.26 3.67 3.74 3.85 3.60 4.94 4.57 3.46 2.83
Debt/Assets
46.57% 40.60% 40.65% 45.03% 42.74% 39.25% 44.94% 44.39% 32.18% 35.91%
Debt/Equity
2.13 1.72 1.89 2.59 2.34 2.10 2.54 2.23 0.96 1.29
Asset Turnover
0.70 0.66 0.69 0.68 0.66 0.73 0.68 0.62 0.64 0.71
Operating CF/Net income
0.73 3.95 3.45 2.74 2.45 2.00 0.42 2.64 0.03 1.38
Capex/Depreciation
(1.34) (0.76) (1.16) (0.88) (1.67) (2.47) (2.46) (1.52) (0.78) (0.76)
Interest Coverage
1.37 2.78 3.10 2.88 3.17 4.56 3.11 2.26 2.58 4.30
ROE
10.95% 9.86% 11.93% 17.20% 18.41% 25.01% 19.94% 19.20% 82.07% 16.07%
ROA
2.03% 2.24% 2.69% 3.34% 3.29% 4.63% 3.63% 3.61% 21.71% 4.91%
ROIC
2.76% 4.74% 6.11% 6.45% 6.42% 7.43% 5.40% 5.54% 4.45% 7.97%
Return on Tangible Assets
5.19% 8.78% 10.35% 14.99% 10.48% 15.21% 12.99% 13.06% 64.99% 12.52%
Average Days of Receivables
60.06 54.30 56.53 51.88 53.85 67.66 70.81 62.25 67.03 72.27
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
5.65% 4.68% 4.11% 3.63% 4.46% 4.29% 4.15% 4.41% 5.49% 4.30%
Intangible Assets out of Total Assets
0.43 0.43 0.40 0.37 0.35 0.31 0.28 0.28 0.30 0.27
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(0.75) (0.69) (0.57) (0.44) (0.34) (0.34) (0.66) (0.59) (0.41) (0.55)
Graham Number
15.76 17.25 17.52 18.73 20.30 26.21 23.86 24.79 74.63 38.48
Earnings Yield
2.61% 2.96% 2.87% 2.64% 1.92% 2.80% 4.37% 3.93% 23.13% 6.29%
Free Cash Flow Yield
(3.44%) 6.81% 4.73% 4.44% 1.05% 0.11% (8.21%) 4.56% (2.19%) 5.42%
Revenue per Share
28.63 31.36 33.74 34.65 36.11 42.37 42.26 38.32 38.61 47.99
Operating CF per Share
0.61 4.22 4.54 4.68 4.39 5.40 0.95 5.92 0.38 4.60
Capex per Share
(1.91) (1.59) (2.37) (1.81) (3.41) (5.29) (5.22) (3.32) (1.58) (1.73)
Free Cash Flow per Share
(1.30) 2.63 2.18 2.87 0.98 0.10 (4.27) 2.60 (1.21) 2.87
Cash per Share
1.89 1.28 2.09 5.43 4.19 1.73 1.73 2.21 2.90 4.42
Shareholders Equity per Share
11.19 11.55 10.33 9.12 10.23 11.30 11.15 12.19 19.41 19.77
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
11.19 11.55 10.33 9.12 10.23 11.30 11.15 12.19 19.41 19.77
Free Cash Flow
(413.00) 922.00 750.00 950.00 319.00 34.00 (1,350.00) 818.00 (369.00) 788.00
Working Capital
684.00 (349.00) (155.00) (693.00) 231.00 (730.00) (1,519.00) (1,302.00) (6.00) 626.00
Capital Expenditures
(606.00) (556.00) (816.00) (598.00) (1,113.00) (1,726.00) (1,651.00) (1,045.00) (484.00) (474.00)
Net Current Asset Value
(8,979.00) (9,365.00) (9,052.00) (9,457.00) (10,240.00) (10,806.00) (10,893.00) (10,583.00) (6,857.00) (7,990.00)
EV/EBIT
40.88 25.00 23.38 29.43 36.72 29.87 24.12 24.87 28.35 14.21
Capex to Sales
0.07 0.05 0.07 0.05 0.09 0.13 0.12 0.09 0.04 0.04
Price to Operating Income
25.90 16.87 16.96 22.97 30.31 24.31 15.97 17.28 22.07 10.15
Other line items
Depreciation/Fixed assets
0.10 0.16 0.15 0.15 0.12 0.11 0.10 0.10 0.10 0.09
Cash ROIC
(3.54%) 8.04% 6.81% 7.52% 2.55% 0.28% (10.37%) 6.24% (2.95%) 5.78%
Accounts Receivable Turnover
7.63 7.03 6.77 6.68 6.99 6.43 5.19 5.19 5.59 5.52
Accounts Payable Turnover
4.13 3.64 3.19 2.95 2.84 2.71 2.43 2.43 2.64 2.69
Inventory Turnover
6.31 5.93 6.67 7.23 7.10 7.04 5.60 5.26 6.22 6.06
Average Days of Payables
101.71 115.65 121.09 124.38 134.29 156.70 143.84 137.00 133.37 153.55
Days of Inventory on Hand
70.69 63.90 49.73 50.53 52.97 59.10 71.51 57.29 57.63 69.43
Average Receivables
1,188.00 1,562.50 1,718.00 1,716.50 1,684.50 2,149.00 2,577.00 2,325.50 2,111.50 2,386.00
Average Payables
1,767.00 2,397.50 2,928.50 3,115.50 3,283.00 4,094.50 4,571.00 4,022.00 3,539.50 3,935.00
Average Inventory
1,155.50 1,469.50 1,398.50 1,272.50 1,313.50 1,574.00 1,987.00 1,855.00 1,504.00 1,745.00
Average Assets
12,935.00 16,671.00 16,861.50 16,957.00 17,806.00 18,983.00 19,811.50 19,606.00 18,465.50 18,576.00
Average Common Equity
2,401.00 3,793.50 3,804.00 3,290.50 3,178.00 3,511.00 3,606.00 3,682.00 4,883.50 5,675.50

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