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Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It manufactures and sells extruded aluminum aerosol containers, recloseable aluminum bottles, aluminum cups, and aluminum slugs. The company was founded in 1880 and is headquartered in Westminster, Colorado.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $13.2B | $2.1B | $912M | $788M | 16.8% | 11.6% | -77.2% |
| 2024 | $11.8B | $1.4B | $4.0B | $-369M | 68.4% | -2.2% | 466.9% |
| 2023 | $12.1B | $1.8B | $707M | $818M | 18.8% | -9.8% | -1.7% |
| 2022 | $13.4B | $1.7B | $719M | $-1.4B | 20.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13,372 | 12,062 | 11,795 | 13,161 |
| Operating Revenue | - | 13,372 | 12,062 | 11,795 | 13,161 |
| Cost Of Revenue | - | 11,122 | 9,754 | 9,354 | 10,583 |
| Gross Profit | - | 2,250 | 2,308 | 2,441 | 2,578 |
| Operating Expense | - | 1,149 | 1,137 | 1,258 | 1,188 |
| Selling General And Administration | - | 555 | 532 | 647 | 566 |
| Total Expenses | - | 12,271 | 10,891 | 10,612 | 11,771 |
| Operating Income | - | 1,101 | 1,171 | 1,183 | 1,390 |
| EBITDA | - | 1,698 | 1,760 | 1,448 | 2,064 |
| Normalized EBITDA | - | 1,787 | 1,893 | 1,871 | 2,042 |
| EBIT | - | 1,026 | 1,074 | 828 | 1,442 |
| Interest Income | - | 14 | 36 | 68 | 30 |
| Interest Expense | - | 313 | 460 | 293 | 314 |
| Net Interest Income | - | -299 | -424 | -225 | -284 |
| Other Income Expense | - | -89 | -133 | -423 | 22 |
| Interest Income Non Operating | - | 14 | 36 | 68 | 30 |
| Interest Expense Non Operating | - | 313 | 460 | 293 | 314 |
| Net Non Operating Interest Income Expense | - | -299 | -424 | -225 | -284 |
| Pretax Income | - | 713 | 614 | 535 | 1,128 |
| Tax Provision | - | 138 | 146 | 133 | 240 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.02 | -31.65 | -105.33 | 4.69 |
| Net Income Continuous Operations | - | 582 | 488 | 430 | 915 |
| Net Income From Continuing And Discontinued Operation | - | 719 | 707 | 4,008 | 912 |
| Net Income From Continuing Operation Net Minority Interest | - | 569 | 484 | 424 | 912 |
| Net Income | - | 719 | 707 | 4,008 | 912 |
| Net Income Common Stockholders | - | 719 | 707 | 4,008 | 912 |
| Net Income Including Noncontrolling Interests | - | 732 | 711 | 4,014 | 915 |
| Normalized Income | - | 641.98 | 585.35 | 741.67 | 894.69 |
| Diluted NI Availto Com Stockholders | - | 719 | 707 | 4,008 | 912 |
| Basic Average Shares | - | 316.43 | 314.77 | 305.46 | 274.26 |
| Diluted Average Shares | - | 320.01 | 317.02 | 308.21 | 275.97 |
| Reconciled Depreciation | - | 672 | 686 | 620 | 622 |
| Reconciled Cost Of Revenue | - | 11,044 | 9,673 | 9,345 | 10,583 |
| Total Unusual Items | - | -89 | -133 | -423 | 22 |
| Total Unusual Items Excluding Goodwill | - | -89 | -133 | -423 | 22 |
| Minority Interests | - | -13 | -4 | -6 | -3 |
| Net Income Discontinuous Operations | - | 150 | 223 | 3,584 | 0 |
| Earnings From Equity Interest Net Of Tax | - | 7 | 20 | 28 | 27 |
| Special Income Charges | - | -89 | -133 | -423 | 22 |
| Other Special Charges | 13 | 18 | - | 3 | 19 |
| Restructuring And Mergern Acquisition | - | 71 | 133 | 420 | -41 |
| Depreciation Amortization Depletion Income Statement | - | 594 | 605 | 611 | 622 |
| Depreciation And Amortization In Income Statement | - | 594 | 605 | 611 | 622 |
| Total Other Finance Cost | 13 | 18 | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ball Corporationthis co. | BALL | $14.0B | 15.39 | 2.59 | 16.8% | 9.61 |
| Aptiv PLC | APTV | $15.4B | 93.52 | 1.68 | 1.8% | 9.54 |
| Tractor Supply Company | TSCO | $15.4B | 14.05 | 5.97 | 42.5% | 10.78 |
| Deckers Outdoor Corporation | DECK | $15.1B | 14.78 | 6.05 | 41.0% | 9.68 |
| Best Buy Co., Inc. | BBY | $15.0B | 13.99 | 5.05 |
| - |
| - |
| - |
| - |
| - |
| 36.1% |
| 7.60 |
| lululemon athletica inc. | LULU | $14.9B | 9.46 | 3.01 | 31.8% | 5.51 |
| Genuine Parts Company | GPC | $13.7B | 208.08 | 3.10 | 1.5% | 26.24 |
| MGM Resorts International | MGM | $12.3B | 59.58 | 5.05 | 8.5% | 24.21 |
| Hasbro, Inc. | HAS | $12.0B | -37.07 | 22.19 | -59.9% | 62.19 |
| Peer Median | - | 14.41 | 5.05 | 20.1% | 10.23 | |