BALL Corp

Listed Company

BALLCIK 0000009389NYSELarge AcceleratedMetal CansIndianaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$915.00M

Total Assets

$19.52B

Equity

$5.42B

Shares Out

266.08M

Op. Cash Flow

$1.26B

Business

Ball Corp is a leading supplier of aluminum packaging for the beverage, personal care and household products industries. It produces aluminum beverage containers and ends, extruded aluminum aerosol containers, recloseable aluminum bottles, aluminum slugs and aluminum cups, and conducts packaging R&D and sustainability initiatives. The company reports three primary segments—beverage packaging, North & Central America; beverage packaging, EMEA; and beverage packaging, South America—and other operations including personal & home care and aluminum cups. Ball sells its products globally to multinational and regional beverage, personal care and household customers under long-term supply contracts through manufacturing facilities worldwide.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	13,161	11,795	12,062	13,372	13,811
Cost of sales (excluding depreciation and amortization)	−10,583	−9,354	−9,754	−11,122	−11,085
Depreciation and amortization	−622	−611	−605	−594	—
Selling, general and administrative	−566	−647	−532	−555	−593
Business consolidation and other activities	41	−420	−133	−71	−142
Interest income	30	68	36	14	—
Interest expense	−314	−293	−460	−313	−270
Debt refinancing and other costs	−19	−3	—	−18	−13
Earnings before taxes	1,128	535	614	713	1,008
Tax (provision) benefit	−240	−133	−146	−138	−156
Equity in results of affiliates, net of tax	27	28	20	7	26
Earnings from continuing operations	915	430	488	582	—
Discontinued operations, net of tax	—	3,584	223	150	—
Net earnings	915	4,014	711	732	878
Net earnings attributable to noncontrolling interests	3	6	4	13	—
Net earnings attributable to Ball Corporation	912	4,008	707	719	878
Basic - continuing operations (in dollars per share)	3.33	1.39	1.54	1.8	—
Basic - discontinued operations (in dollars per share)	—	11.73	0.71	0.47	—
Total basic earnings per share (in dollars per share)	3.33	13.12	2.25	2.27	2.69
Diluted - continuing operations (in dollars per share)	3.3	1.37	1.53	1.78	—
Diluted - discontinued operations (in dollars per share)	—	11.63	0.7	0.47	—
Total diluted earnings per share (in dollars per share)	3.3	13	2.23	2.25	2.65
Basic (in shares)	274	305	315	316	326
Diluted (in shares)	276	308	317	320	332

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,212	885	695	548	563
Receivables, net	2,606	2,166	2,057	2,594	2,560
Inventories, net	2,013	1,477	1,531	2,179	1,795
Other current assets	265	169	231	168	305
Current assets held for sale	17	144	369	—	—
Total current assets	6,113	4,841	4,883	5,489	5,223
Property, plant and equipment, net	6,656	6,173	6,715	7,053	6,502
Goodwill	4,379	4,172	4,250	4,195	4,378
Intangible assets, net	982	1,080	1,248	1,417	1,688
Other assets	1,394	1,362	1,354	1,715	1,923
Total assets	19,524	17,628	19,303	19,909	19,714
Short-term debt and current portion of long-term debt	21	361	1,065	1,408	15
Accounts payable	4,452	3,418	3,661	4,383	4,759
Accrued employee costs	303	303	245	236	349
Other current liabilities	711	725	779	981	830
Current liabilities held for sale	—	40	435	—	—
Total current liabilities	5,487	4,847	6,185	7,008	5,953
Long-term debt	6,991	5,312	7,504	7,540	7,722
Employee benefit obligations	499	577	735	847	1,205
Deferred taxes	655	594	421	540	665
Other liabilities	471	368	384	447	484
Total liabilities	14,103	11,698	15,466	16,382	16,029
Common stock (685,107,438 shares issued - 2025; 684,168,252 shares issued - 2024)	1,422	1,395	1,312	1,260	1,220
Retained earnings	12,219	11,527	7,763	7,309	6,843
Accumulated other comprehensive earnings (loss)	−869	−1,003	−916	−679	−582
Treasury stock, at cost (419,733,252 shares - 2025; 394,790,362 shares - 2024)	−7,351	−6,057	−4,390	−4,429	−3,854
Total Ball Corporation shareholders' equity	5,421	5,862	3,769	3,461	3,627
Noncontrolling interests	—	68	68	66	58
Total equity	5,421	5,930	3,837	3,527	3,685
Total liabilities and equity	19,524	17,628	19,303	19,909	19,714

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	622	620	686	672	—
Deferred tax provision (benefit)	60	143	−67	−2	35
Gain on Aerospace disposal	3	−4,634	20	—	—
Pension contributions	−43	−32	−42	−124	−216
Other, net	−123	135	62	−124	101
Receivables	−317	−325	238	−305	−863
Inventories	−453	−25	626	−458	−464
Other current assets	48	−109	−25	−42	−24
Accounts payable	730	−91	−510	−83	1,312
Accrued employee costs	−14	47	93	−101	−1
Other current liabilities	−39	−201	−71	84	159
Other, net	−86	153	9	−19	1
Cash provided by (used in) operating activities	1,262	115	1,863	301	1,760
Capital expenditures	−474	−484	−1,045	−1,651	−1,726
Business acquisitions, net of cash acquired	−159	−74	—	—	—
Business dispositions, net of cash sold	32	5,422	—	759	112
Derivative settlements	−99	138	12	—	—
Other, net	44	1	−20	106	−25
Cash provided by (used in) investing activities	−656	5,003	−1,053	−786	−1,639
Long-term borrowings	6,683	650	2,051	4,851	850
Repayments of long-term borrowings	−5,297	−3,480	−2,281	−3,884	−750
Net change in short-term borrowings	−158	−29	−210	394	−2
Acquisitions of treasury stock	−1,321	−1,712	−3	−618	−766
Common stock dividends	−220	−244	−252	−254	−229
Other, net	−31	25	33	−4	3
Cash provided by (used in) financing activities	−344	−4,790	−662	485	−894
Effect of exchange rate changes on cash	28	−107	4	−21	−29
Change in cash, cash equivalents and restricted cash	290	221	152	−21	−802

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro