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O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was formerly known as Owens-Illinois, Inc. and changed its name to O-I Glass, Inc. in December 2019. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.
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 | $6.4B | $771M | $-129M | $168M | -10.0% | -1.6% | 21.7% |
| 2024 | $6.5B | $859M | $-106M | $-128M | -9.8% | -8.1% | 2.9% |
| 2023 | $7.1B | $892M | $-103M | $130M | -6.4% | 3.6% | -117.6% |
| 2022 | $6.9B | $1.5B | $584M | $-385M | 41.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,856 | 7,105 | 6,531 | 6,426 |
| Cost Of Revenue | - | 5,643 | 5,609 | 5,486 | 5,317 |
| Gross Profit | - | 1,213 | 1,496 | 1,045 | 1,109 |
| Operating Expense | - | 628 | 683 | 559 | 508 |
| Operating Income | - | 585 | 813 | 486 | 601 |
| EBITDA | - | 1,498 | 892 | 859 | 771 |
| EBIT | - | 1,044 | 409 | 373 | 292 |
| Pretax Income | - | 805 | 67 | 38 | -49 |
| Tax Provision | - | 178 | 152 | 126 | 54 |
| Net Income | - | 584 | -103 | -106 | -129 |
| Net Income Common Stockholders | - | 584 | -103 | -106 | -129 |
| Total Expenses | - | 6,271 | 6,292 | 6,045 | 5,825 |
| Interest Expense | - | 239 | 342 | 335 | 341 |
| Research And Development | - | 79 | 92 | 80 | 42 |
| Selling General And Administration | - | 516 | 559 | 450 | 439 |
| Normalized EBITDA | - | 1,164 | 1,437 | 1,069 | 1,219 |
| Normalized Income | - | 323.81 | 327.55 | 59.90 | 224.92 |
| Market Cap | 1,640.14 | 1,640.14 | 1,640.14 | 1,640.14 | 1,640.14 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| O-I Glass, Inc.this co. | OI | - | -12.71 | 1.27 | -10.0% | 7.63 |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M | - | 0.64 | -67.4% | 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M | - |
| - |
| - |
| - |
| - |
| 0.21 |
| 3.1% |
| 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Virco Mfg. Corporation | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Sleep Number Corporation | SNBR | $70M | - | -0.12 | 22.8% | 16.92 |
| Peer Median | - | 37.81 | 0.58 | -19.6% | 3.68 | |