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BALL financial statements

The full income statement, balance sheet, and cash-flow statement for Ball Corporation (BALL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Financial overview#

Revenue

5Y CAGR +2.2%10Y CAGR +5.1%YoY +23.9%
$15.1B TTM$4.2B Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Gross profit

5Y CAGR +4.4%10Y CAGR +4.1%YoY −0.6%
— FY25— Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating income

5Y CAGR +6.4%10Y CAGR +4.8%YoY −26.6%
— FY25— Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Net income

5Y CAGR +9.3%10Y CAGR +12.5%YoY n/m
$532M TTM−$94M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

EPS (diluted)

5Y CAGR +13.4%10Y CAGR +12.7%YoY n/m
$2.00 TTM−$0.36 Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating cash flow

5Y CAGR −2.5%10Y CAGR +2.3%YoY −50.8%
$1.2B TTM$189M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Capital expenditure

5Y CAGR −15.7%10Y CAGR −1.1%YoY +23.6%
$629M TTM$157M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Free cash flow

5Y CAGR +19.8%10Y CAGR +5.1%YoY −87.5%
$602M TTM$32M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares (diluted)

5Y −17.1%10Y −2.1%YoY −3.3%
266.7M TTM263.8M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Dividend per share

5Y CAGR +5.9%10Y CAGR +11.9%YoY +0.0%
$0.80 TTM$0.20 Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares outstanding (point-in-time)

2024-09 298.4M2024-12 282.8M2025-03 277.4M2025-06 272.1M2025-09 268.0M2025-12 266.1M2026-03 266.2M2026-06 264.7M2026-09 260.3M-12.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeFiguresAs-reported fiscal years.
Line itemTrendFY2025FY2024FY2023FY2022FY2021
Income Statementas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Revenue13.2B+11.6%11.8B-2.2%12.1B-9.8%13.4B-3.2%13.8B+17.2%
-11.7B-6.3%-11.0B-0.1%-11.0B+10.7%-12.3B—
Research & development——55.0M+0.0%55.0M-1.8%56.0M+19.1%
Selling, general & administrative566M-12.5%647M+21.6%532M-4.1%555M-6.4%593M+13.0%
Amortization of intangibles148M-2.0%151M+0.0%151M-3.8%157M-12.8%180M+0.0%
Operating income——1.27B+4.9%1.21B-6.0%1.29B+28.7%
Interest expense314M+7.2%293M-36.3%460M+47.0%313M+10.6%283M-10.4%
Interest & investment income30.0M-55.9%68.0M+88.9%36.0M+157.1%14.0M—
Equity-method income27.0M-3.6%28.0M+40.0%20.0M+185.7%7.00M-73.1%26.0M+533.3%
Pre-tax income1.13B+110.8%535M-12.9%614M-13.9%713M-29.3%1.01B+46.7%
Income tax240M+80.5%133M-8.9%146M+5.8%138M-11.5%156M+57.6%
912M-77.2%4.01B+466.9%707M-1.7%719M-18.1%878M+50.1%
Income from continuing operations915M+112.8%430M-11.9%488M-16.2%582M—
Discontinued operations—3.58B+1507.2%223M+48.7%150M—
Net income to non-controlling interest3.00M-50.0%6.00M+50.0%4.00M-69.2%13.0M—
Net income to common912M-77.2%4.01B+466.9%707M-1.7%719M-18.1%878M+50.1%
$3.30-74.6%$13.00+483.0%$2.23-0.9%$2.25-15.1%$2.65+50.6%
EPS (basic)$3.33-74.6%$13.12+483.1%$2.25-0.9%$2.27-15.6%$2.69+50.3%
Weighted-avg shares (basic)274M-10.2%305M-3.0%315M-0.5%316M-2.9%326M-0.1%
Weighted-avg shares (diluted)276M-10.5%308M-2.8%317M-0.9%320M-3.5%332M-0.4%
Dividends per share$0.80+0.0%$0.80+0.0%$0.80+0.0%$0.80+14.3%$0.70+16.7%
Balance Sheetas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
6.11B+26.3%4.84B-0.9%4.88B-11.0%5.49B+5.1%5.22B+11.7%
Cash & equivalents1.21B+36.9%885M+27.3%695M+26.8%548M-2.7%563M-58.8%
Accounts receivable2.06B+18.5%1.74B+4.0%1.67B-20.7%2.11B+4.2%2.02B+50.4%
Inventory2.01B+36.3%1.48B-3.5%1.53B-29.7%2.18B+21.4%1.79B+32.7%
Other current assets265M+56.8%169M-26.8%231M+37.5%168M-44.9%305M+39.9%
19.5B+10.8%17.6B-8.7%19.3B-3.0%19.9B+1.0%19.7B+8.0%
Operating lease right-of-use355M+6.3%334M-8.5%365M-15.9%434M+3.3%420M+39.1%
Goodwill4.38B+5.0%4.17B-1.8%4.25B+0.4%4.24B-3.3%4.38B-2.4%
Intangible assets982M-9.1%1.08B-13.5%1.25B-11.9%1.42B-16.1%1.69B-10.4%
Deferred tax assets64.0M+1.6%63.0M-44.7%114M+56.2%73.0M-42.1%126M-44.5%
Other non-current assets1.39B+2.3%1.36B+0.6%1.35B-21.0%1.72B-10.8%1.92B+3.4%
5.49B+13.2%4.85B-21.6%6.18B-11.7%7.01B+17.7%5.95B+34.0%
Accounts payable4.45B+30.3%3.42B-6.6%3.66B-16.5%4.38B-7.9%4.76B+38.7%
Deferred revenue74.0M+48.0%50.0M-56.1%114M+132.7%49.0M-82.0%272M+151.9%
Short-term & current debt21.0M-94.2%361M-66.1%1.06B-24.4%1.41B+9286.7%15.0M-11.8%
Current lease liability78.0M-1.3%79.0M-4.8%83.0M-8.8%91.0M+13.8%80.0M+27.0%
Other current liabilities711M-1.9%725M-6.9%779M-20.6%981M+18.2%830M+27.7%
Finance lease liability (current)2.00M-91.7%24.0M+700.0%3.00M+50.0%2.00M+0.0%2.00M+0.0%
14.1B+20.6%11.7B-24.4%15.5B-5.6%16.4B+2.2%16.0B+7.5%
Long-term debt6.99B+31.6%5.31B-29.2%7.50B-0.5%7.54B-2.4%7.72B-0.8%
Deferred revenue (non-current)2.00M+0.0%2.00M-33.3%3.00M-75.0%12.0M-68.4%38.0M+31.0%
Non-current lease liability283M+6.8%265M-7.7%287M-17.8%349M+2.6%340M+46.6%
Operating lease liability (total)——449M+2.0%440M+4.8%420M+42.4%
Finance lease liability (total)8.00M+14.3%7.00M-30.0%10.0M-16.7%12.0M-14.3%14.0M+16.7%
Finance lease liability6.00M+20.0%5.00M-28.6%7.00M-30.0%10.0M-16.7%12.0M+20.0%
Deferred tax liabilities655M+10.3%594M+41.1%421M-22.0%540M-18.8%665M+4.9%
Other non-current liabilities471M+28.0%368M-4.2%384M-14.1%447M-7.6%484M+9.8%
5.42B-7.5%5.86B+55.5%3.77B+8.9%3.46B-4.6%3.63B+10.7%
Common stock1.42B+1.9%1.40B+6.3%1.31B+4.1%1.26B+3.3%1.22B+4.5%
Retained earnings12.2B+6.0%11.5B+48.5%7.76B+6.2%7.31B+6.8%6.84B+10.5%
Treasury stock7.35B+21.4%6.06B+38.0%4.39B-0.9%4.43B+14.9%3.85B+23.1%
Accumulated other comprehensive income-869M+13.4%-1.00B-9.5%-916M-34.9%-679M-16.7%-582M+39.0%
Non-controlling interest—68.0M+0.0%68.0M+3.0%66.0M+13.8%58.0M-6.5%
Total equity incl. non-controlling5.42B-8.6%5.93B+54.5%3.84B+8.8%3.53B-4.3%3.69B+10.4%
Total liabilities & equity19.5B+10.8%17.6B-8.7%19.3B-3.0%19.9B+1.0%19.7B+8.0%
Common shares issued685M+0.1%684M+0.1%683M+0.2%682M+0.2%681M+0.2%
Common shares outstanding265M-8.3%289M-8.3%316M+0.5%314M—
Shares outstanding (cover)266M-5.9%283M-10.4%316M+0.4%314M—
Treasury shares420M+6.3%395M+7.4%368M-0.1%368M+2.2%360M+2.3%
Cash Flowas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.26B+997.4%115M-93.8%1.86B+518.9%301M-82.9%1.76B+22.9%
Depreciation & amortization622M+0.3%620M-9.6%686M+2.1%672M-4.0%700M+4.8%
Intangible amortization148M-2.0%151M+0.0%151M-3.8%157M-12.8%180M+0.0%
Deferred income taxes60.0M-58.0%143M+313.4%-67.0M-3250.0%-2.00M-105.7%35.0M+105.9%
Change in inventory453M+1712.0%25.0M+104.0%-626M-236.7%458M-1.3%464M+625.0%
Change in payables730M+902.2%-91.0M+82.2%-510M-514.5%-83.0M-106.3%1.31B+1887.9%
Other operating activities-123M-191.1%135M+117.7%62.0M+150.0%-124M-222.8%101M+1022.2%
-656M-113.1%5.00B+575.1%-1.05B-34.0%-786M+52.0%-1.64B-38.8%
Capital expenditure474M-2.1%484M-53.7%1.04B-36.7%1.65B-4.3%1.73B+55.1%
Free cash flow788M+313.6%-369M-145.1%818M+160.6%-1.35B-4070.6%34.0M-89.3%
Acquisitions159M+114.9%74.0M0.000.000.00-100.0%
Purchases of investments
99.0M————
Other investing activities-44.0M-4300.0%-1.00M-105.0%20.0M+118.9%-106M-524.0%25.0M+238.9%
-344M+92.8%-4.79B-623.6%-662M-236.5%485M+154.3%-894M-48.5%
Long-term debt issued6.68B+928.2%650M-68.3%2.05B-57.7%4.85B+470.7%850M-66.7%
Long-term debt repaid5.30B+52.2%3.48B+52.6%2.28B-41.3%3.88B+417.9%750M-73.2%
Net short-term debt-158M-444.8%-29.0M+86.2%-210M-153.3%394M+19800.0%-2.00M+90.0%
Common stock issued0.000.000.000.000.00+100.0%
Common stock repurchased1.32B-22.8%1.71B+56966.7%3.00M-99.5%618M-19.3%766M+1243.9%
Dividends paid220M-9.8%244M-3.2%252M-0.8%254M+10.9%229M+15.7%
Other financing activities-31.0M-224.0%25.0M-24.2%33.0M+925.0%-4.00M-233.3%3.00M+103.5%
FX effect on cash
————-29.0M+60.8%
Net change in cash290M+31.2%221M+45.4%152M+823.8%-21.0M+97.4%-802M-88.7%
Interest paid317M-5.7%336M-11.1%378M+21.2%312M+13.0%276M-10.4%
Income taxes paid374M-59.4%922M+415.1%179M+25.2%143M+5.1%136M-13.4%
Valuation Ratiosas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Market cap14.1B-11.9%16.0B-12.0%18.1B+13.0%16.1B-49.1%31.5B+3.3%
P/E15.4×+287.2%4.0×-86.7%29.8×+78.6%16.7×-53.5%35.9×-31.1%
P/S1.1×-21.0%1.4×-5.2%1.4×+37.6%1.0×-54.6%2.3×-11.9%
P/B2.6×-4.7%2.7×-40.9%4.6×-0.2%4.6×-46.9%8.7×-6.7%
P/FCF17.8×—41.9×—927.7×+869.5%
Earnings yield6.5%-74.2%25.1%+649.4%3.4%-44.0%6.0%+115.1%2.8%+45.2%
FCF yield5.6%—2.4%—0.11%-89.7%
Dividend yield1.5%+4.1%1.5%+4.3%1.4%-11.1%1.6%+115.1%0.73%+12.9%
Source filing10-K10-K10-K10-K10-K

About this data

Source: BALL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BALL filings on SEC EDGAR → Not investment advice.