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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.

63.15 0.35 +0.56%
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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10
Total sells 2.34
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell — — — 1 1 — — — — 2 — —
Insider Ownership 0.68%

Capital & Financial Ratios $m

Market Cap 16,620.00
Revenue 14,326.00
Net Income 949.00
Free Cash Flow 827.00
Net Debt 6,729.00
Current Ratio 1.07
Debt/Equity 1.25
P/E ratio 17.89
Fwd P/E 15.00
P/S ratio 1.17
P/B ratio 2.91
Past 5Y EPS Growth 13.40%
This Y EPS Growth 12.71%
Next Y EPS Growth 12.30%
Next Y revenue growth 13.37% (at or above 10%: strong)
Next 5Y EPS Growth 12.09%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.6×, against a ten-year median of 2.1×; over the ten years it ranged from 1.5× in 2026 to 3.4× in 2020.
P/E against its own 10 years 15.92%
10-year low 10-year high
P/S against its own 10 years 13.34%
10-year low 10-year high
P/B against its own 10 years 19.31%
10-year low 10-year high
EV/Sales against its own 10 years 8.70%
10-year low 10-year high
EV/FCF against its own 10 years 20.45%
10-year low 10-year high

Dividends

Payout Ratio 0.23
Annual Dividend Rate 0.80
Annual Dividend Yield 1.27%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.80
0.20
0.20
0.20
2025 0.80
0.20
0.20
0.20
0.20
2024 0.80
0.20
0.20
0.20
0.20
2023 90.80
0.20
90.00
0.20
0.20
0.20
2022 270.80
0.20
90.00
0.20
90.00
0.20
90.00
0.20
2021 360.70
0.15
90.00
0.15
90.00
0.20
90.00
0.20
90.00
2020 320.60
0.15
68.00
0.15
68.00
0.15
68.00
0.15
116.00
2019 240.55
0.10
80.00
0.15
80.00
0.15
80.00
0.15
2018 320.40
0.10
80.00
0.10
80.00
0.10
80.00
0.10
80.00
2017 0.37
0.07
0.10
0.10
0.10
2016 0.26
0.07
0.07
0.07
0.07
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 695 885 1,212 491
Receivables 2,057 2,166 2,606 3,262
Inventory 1,531 1,477 2,013 2,517
Other 600 313 282 381
4,883 4,841 6,113 6,651
2023 2024 2025 Q'26
Payables 3,661 3,418 4,452 4,549
ST’ Debt 1,065 361 21 692
Other 1,214 765 711 744
6,185 4,847 5,487 6,221

Compound Annual Growth %

10y 5y 3y
Sales 5.11% 2.24% (0.53%)
Cash Flow 2.28% (2.50%) 61.25%
Earnings 12.49% 9.29% 8.25%
Book Value 15.70% 10.19% 15.41%

Revenue $m

Mar Jun Sep Dec Year
’26 3,603 3,997 — — —
’25 3,097 3,338 3,379 3,347 13,161
’24 2,874 2,959 3,082 2,880 11,795
’23 2,981 3,067 3,111 2,903 12,062
’22 3,716 4,134 3,951 1,571 13,372
’21 3,125 3,459 3,553 3,674 13,811
’20 2,785 2,801 3,093 3,102 11,781
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (777) 608 — — —
’25 (665) 332 384 1,211 1,262
’24 (1,247) 252 610 500 115
’23 (275) 636 766 736 1,863
’22 (804) 406 174 525 301
’21 (477) 645 708 884 1,760
’20 (708) 476 577 1,087 1,432
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (938) 467 — — —
’25 (746) 236 257 1,041 788
’24 (1,401) 146 493 393 (369)
’23 (618) 371 544 521 818
’22 (1,166) (51) (269) 136 (1,350)
’21 (840) 251 261 362 34
’20 (921) 242 341 657 319
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.77 0.83 — — —
’25 0.63 0.76 1.18 0.75 3.30
’24 11.61 0.51 0.65 (0.11) 13.00
’23 0.56 0.55 0.64 0.49 2.23
’22 1.37 (0.55) 1.24 0.17 2.25
’21 0.60 0.61 0.54 0.90 2.65
’20 0.07 0.28 0.72 0.68 1.76
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 31.15 35.65 34.71 43.87 51.26 77.95 46.00 42.81 54.06 43.51

Analyst estimates 2026–2028

Powerpack
High 41.12 43.24 50.98 81.88 102.76 98.09 97.99 62.14 71.32 60.29
People
People Employees 18,450 18,300 17,500 18,300 21,500 24,300 21,000 21,000 16,000 16,000
Revenue/emp, $m 0.49 0.60 0.66 0.63 0.55 0.57 0.64 0.57 0.74 0.82
Income, $m
Income, $m Revenue 9,061 10,983 11,635 11,474 11,781 13,811 13,372 12,062 11,795 13,161
Gross margin, % 19.48 20.63 19.82 19.79 20.86 19.74 16.83 19.13 20.70 19.59
EBT 125 514 633 608 687 1,008 713 614 535 1,128
EBT margin, % 1.38 4.68 5.44 5.30 5.83 7.30 5.33 5.09 4.54 8.57
Net income 266 380 453 536 582 878 732 711 4,014 915
Depreciation 453 729 702 678 668 700 672 686 620 622
Per share, $
Per share, $ Revenue 28.63 31.36 33.74 34.65 36.11 42.37 42.26 38.32 38.61 47.99
Earnings 0.71 1.14 1.32 1.71 1.79 2.69 2.27 2.25 13.12 3.33
Cash flow 0.61 4.22 4.54 4.68 4.39 5.40 0.95 5.92 0.38 4.60
Capex (1.91) (1.59) (2.37) (1.81) (3.41) (5.29) (5.22) (3.32) (1.58) (1.73)
Free cash flow (1.30) 2.63 2.18 2.87 0.98 0.10 (4.27) 2.60 (1.21) 2.87
Book value 11.19 11.55 10.33 9.12 10.23 11.30 11.15 12.19 19.41 19.77
Shares, m 317 350 345 331 326 326 316 315 305 274
Valuation, ×
Valuation, × P/E 38.36 33.74 34.83 37.82 52.06 35.66 22.89 25.44 4.32 15.91
P/S 1.32 1.23 1.36 1.87 2.58 2.27 1.23 1.49 1.43 1.10
P/B 3.39 3.34 4.45 7.09 9.11 8.52 4.66 4.67 2.84 2.68
EV/Sales 2.09 1.83 1.88 2.39 3.13 2.79 1.86 2.14 1.83 1.54
EV/FCF (45.82) 21.75 29.15 28.88 115.47 1,134.03 (18.40) 31.55 (58.61) 25.80
Cash, $m
Cash, $m Operating cash flow 193 1,478 1,566 1,548 1,432 1,760 301 1,863 115 1,262
Capex (606) (556) (816) (598) (1,113) (1,726) (1,651) (1,045) (484) (474)
Free cash flow (413) 922 750 950 319 34 (1,350) 818 (369) 788
Balance, $m
Balance, $m Working capital 684 (349) (155) (693) 231 (730) (1,519) (1,302) (6) 626
Total debt 7,532 6,971 6,729 7,817 7,800 7,737 8,948 8,569 5,673 7,012
Net debt 6,935 6,523 6,008 6,019 6,434 7,174 8,400 7,874 4,788 5,800
Shareholders’ equity 3,541 4,046 3,562 3,019 3,337 3,685 3,527 3,837 5,930 5,421
Returns, %
Returns, % 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
ROE 10.95 9.86 11.93 17.20 18.41 25.01 19.94 19.20 82.07 16.07
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Ball Corporation vs peers in Packaging & Containers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SW Smurfit Westrock PLC $21.6B 43.3× 18.6× +1.15% (above 0%: growing) n/m +0.98% (above 0%: growing) 17.42% 3.85% Compare
PKG Packaging Corporation of America $20.7B 30.6× 22.6× +14.67% (above 0%: growing) −19.40% (below 0%: shrinking) +5.30% (above 0%: growing) 20.58% 11.70% Compare
AMCR Amcor PLC $20.2B 18.5× 11.8× +25.90% (above 0%: growing) n/m +54.49% (above 0%: growing) 20.90% 10.10% Compare
IP International Paper Company $18.1B — (loss-making) 25.3× −2.25% (below 0%: shrinking) n/m −95.31% (below 0%: shrinking) 27.65% 1.42% Compare
BALL Ball Corporation $16.6B 17.9× 15.0× +19.74% (above 0%: growing) +7.79% (above 0%: growing) +97.88% (above 0%: growing) 17.44% 8.68%
AVY Avery Dennison Corporation $13.3B 19.2× 16.3× +10.92% (above 0%: growing) +10.79% (above 0%: growing) +94.11% (above 0%: growing) 29.62% 12.73% Compare
CCK Crown Holdings, Inc. $12.4B 16.3× 12.9× +16.48% (above 0%: growing) +42.68% (above 0%: growing) +52.62% (above 0%: growing) 17.23% 12.65% Compare
SON Sonoco Products Company $4.9B 7.9× 11.9× −1.31% (below 0%: shrinking) −78.83% (below 0%: shrinking) +138.94% (above 0%: growing) 20.81% 10.23% Compare
REYN Reynolds Consumer Products Inc. $4.8B 13.9× 14.0× +0.64% (above 0%: growing) +20.00% (above 0%: growing) −11.76% (below 0%: shrinking) 25.95% 14.62% Compare
Median of peers $15.7B 18.5× 15.2× +6.04% +10.79% +28.96% 20.86% 10.97%

All 23 Packaging & Containers stocks →

BALL metrics, ten years each

Ball Corporation (BALL) key facts

  • Strength: Ball Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, up 11.6% from fiscal 2024.
  • Ball Corporation (BALL) is a Packaging & Containers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, BALL traded at $63.15, a market capitalization of $16.6 billion.
  • Ball Corporation pays an annual dividend of $0.80 per share, a yield of 1.27%, with a payout ratio of 22.7%.
  • Return on equity was 16.1% and debt-to-equity 1.25.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.45 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/BALL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com