Tearsheet

Ball (BALL)


Market Price (6/6/2026): $52.92 | Market Cap: $14.1 BilSector: Materials | Industry: Metal, Glass & Plastic Containers

Ball (BALL)


Market Price (6/6/2026): $52.92
Market Cap: $14.1 Bil
Sector: Materials
Industry: Metal, Glass & Plastic Containers

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%

Stock buyback support
Stock Buyback 3Y Total is 3.0 Bil

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Aviation & Space. Themes include Sustainable Packaging Materials, and Commercial Space Exploration.

Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -69%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 50%

Key risks
BALL key risks include [1] volatile aluminum prices, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%
1 Stock buyback support
Stock Buyback 3Y Total is 3.0 Bil
2 Low stock price volatility
Vol 12M is 26%
3 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Aviation & Space. Themes include Sustainable Packaging Materials, and Commercial Space Exploration.
4 Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -69%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 50%
6 Key risks
BALL key risks include [1] volatile aluminum prices, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/1/2026

Ball (BALL) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Persistent Macroeconomic Headwinds and Cautious Investor Sentiment. Despite Ball Corporation reporting strong Q1 2026 comparable earnings per share of $0.94, exceeding estimates by 8.85% to 11.9%, and revenue of $3.6 billion, surpassing forecasts by 7.78%, the stock experienced a 4.14% decline in pre-market trading, reflecting broader market concerns. Analysts have noted a "challenging geopolitical and macroeconomic environment" as a factor, with bearish sentiment pointing to rising raw material costs, specifically aluminum and natural gas, and the adverse effects of higher interest rates on the company's floating debt.

2. Significant Working Capital Outflows and Weak Operating Cash Flow. Ball Corporation's financial performance was negatively impacted by substantial working capital outflows totaling $1,151 million during the first quarter of 2026. This led to operating activities using $777 million, resulting in weak cash generation and an increase in balance sheet leverage.

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Stock Movement Drivers

Fundamental Drivers

The -20.6% change in BALL stock from 2/28/2026 to 6/5/2026 was primarily driven by a -23.1% change in the company's P/E Multiple.
(LTM values as of)22820266052026Change
Stock Price ($)66.6952.92-20.6%
Change Contribution By: 
Total Revenues ($ Mil)13,16113,6673.8%
Net Income Margin (%)6.9%6.9%-1.0%
P/E Multiple19.515.0-23.1%
Shares Outstanding (Mil)2672660.3%
Cumulative Contribution-20.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/5/2026
ReturnCorrelation
BALL-20.6% 
Market (SPY)7.8%44.8%
Sector (XLB)-4.8%52.5%

Fundamental Drivers

The 8.0% change in BALL stock from 11/30/2025 to 6/5/2026 was primarily driven by a 28.1% change in the company's Net Income Margin (%).
(LTM values as of)113020256052026Change
Stock Price ($)49.0052.928.0%
Change Contribution By: 
Total Revenues ($ Mil)12,69413,6677.7%
Net Income Margin (%)5.4%6.9%28.1%
P/E Multiple19.515.0-23.2%
Shares Outstanding (Mil)2712662.0%
Cumulative Contribution8.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/5/2026
ReturnCorrelation
BALL8.0% 
Market (SPY)8.5%19.7%
Sector (XLB)14.4%53.3%

Fundamental Drivers

The 0.6% change in BALL stock from 5/31/2025 to 6/5/2026 was primarily driven by a 64.3% change in the company's Net Income Margin (%).
(LTM values as of)53120256052026Change
Stock Price ($)52.6152.920.6%
Change Contribution By: 
Total Revenues ($ Mil)12,01813,66713.7%
Net Income Margin (%)4.2%6.9%64.3%
P/E Multiple29.715.0-49.5%
Shares Outstanding (Mil)2832666.6%
Cumulative Contribution0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/5/2026
ReturnCorrelation
BALL0.6% 
Market (SPY)26.6%15.6%
Sector (XLB)19.6%51.0%

Fundamental Drivers

The 7.9% change in BALL stock from 5/31/2023 to 6/5/2026 was primarily driven by a 92.7% change in the company's Net Income Margin (%).
(LTM values as of)53120236052026Change
Stock Price ($)49.0652.927.9%
Change Contribution By: 
Total Revenues ($ Mil)12,63713,6678.2%
Net Income Margin (%)3.6%6.9%92.7%
P/E Multiple34.315.0-56.2%
Shares Outstanding (Mil)31426618.2%
Cumulative Contribution7.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/5/2026
ReturnCorrelation
BALL7.9% 
Market (SPY)83.4%33.7%
Sector (XLB)43.2%55.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BALL Return4%-46%14%-3%-2%0%-39%
Peers Return8%-5%-3%2%2%-11%-8%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
BALL Win Rate42%42%42%50%50%50% 
Peers Win Rate57%47%52%47%52%40% 
S&P 500 Win Rate75%42%67%75%67%67% 

Max Drawdowns [4]
BALL Max Drawdown-16%-51%-29%-22%-22%-22% 
Peers Max Drawdown-16%-32%-31%-19%-29%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CCK, AMBP, SLGN, AMCR, GPK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)

How Low Can It Go

EventBALLS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.4%-9.5%
  % Gain to Breakeven37.8%10.5%
  Time to Breakeven51 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.2%-6.7%
  % Gain to Breakeven11.4%7.1%
  Time to Breakeven20 days31 days
2020 COVID-19 Crash
  % Loss-32.4%-33.7%
  % Gain to Breakeven48.0%50.9%
  Time to Breakeven154 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-10.8%-3.7%
  % Gain to Breakeven12.1%3.9%
  Time to Breakeven21 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.4%-12.2%
  % Gain to Breakeven18.2%13.9%
  Time to Breakeven72 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.0%-17.9%
  % Gain to Breakeven29.8%21.8%
  Time to Breakeven115 days123 days

Compare to CCK, AMBP, SLGN, AMCR, GPK

In The Past

Ball's stock fell -8.0% during the 2025 US Tariff Shock. Such a loss loss requires a 8.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBALLS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.4%-9.5%
  % Gain to Breakeven37.8%10.5%
  Time to Breakeven51 days24 days
2020 COVID-19 Crash
  % Loss-32.4%-33.7%
  % Gain to Breakeven48.0%50.9%
  Time to Breakeven154 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.0%-17.9%
  % Gain to Breakeven29.8%21.8%
  Time to Breakeven115 days123 days
2008-2009 Global Financial Crisis
  % Loss-38.5%-53.4%
  % Gain to Breakeven62.7%114.4%
  Time to Breakeven247 days1085 days

Compare to CCK, AMBP, SLGN, AMCR, GPK

In The Past

Ball's stock fell -8.0% during the 2025 US Tariff Shock. Such a loss loss requires a 8.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ball (BALL)

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also develops spacecraft, sensors and instruments, radio frequency systems, and other technologies for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. In addition, the company designs, manufactures, and tests satellites, remote sensors, and ground station control hardware and software; and provides launch vehicle integration and satellite operational services. Further, it offers target identification, warning, and attitude control systems and components; cryogenic systems and associated sensor cooling devices; star trackers; and fast-steering mirrors to the government agencies or their prime contractors. Additionally, the company manufactures and sells extruded aluminum aerosol containers, recloseable aluminum bottles, aluminum cups, and aluminum slugs. Ball Corporation was founded in 1880 and is headquartered in Westminster, Colorado.

AI Analysis | Feedback

They're like **Corning** for aluminum packaging (think soda cans) and a specialized **Lockheed Martin** for aerospace and defense technology.

They're a major supplier of aluminum cans, much like **Tetra Pak** is for carton packaging, but Ball also has a division that builds satellites and aerospace technology.

AI Analysis | Feedback

  • Aluminum Beverage Containers: Manufactured for carbonated soft drinks, beer, energy drinks, and other beverages.
  • Aluminum Aerosol Containers: Extruded containers supplied for the personal care and household products industries.
  • Specialty Aluminum Packaging: Includes recloseable aluminum bottles, aluminum cups, and aluminum slugs.
  • Spacecraft & Satellite Systems: Develops and manufactures spacecraft, satellites, sensors, instruments, and ground station control hardware for various markets.
  • Advanced Aerospace Components: Provides radio frequency systems, defense hardware, target identification systems, cryogenic systems, star trackers, and fast-steering mirrors.
  • Aerospace Engineering Services: Offers systems engineering, launch vehicle integration, and satellite operational services.

AI Analysis | Feedback

Major Customers of Ball Corporation (BALL)

Ball Corporation primarily operates on a Business-to-Business (B2B) model, supplying aluminum packaging products to beverage, personal care, and household product companies, and aerospace technologies to government agencies and their prime contractors.

Based on the industries served, major customer companies likely include:

  • The Coca-Cola Company (KO)
  • PepsiCo, Inc. (PEP)
  • Anheuser-Busch InBev SA/NV (BUD)
  • Lockheed Martin Corporation (LMT)
  • The Boeing Company (BA)
  • RTX Corporation (RTX)

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  • Alcoa (NYSE: AA)
  • Arconic (NYSE: ARNC)
  • Novelis (subsidiary of Hindalco Industries Limited, NSE: HINDALCO)
  • Constellium (NYSE: CSTM)
  • Kaiser Aluminum (NASDAQ: KALU)

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Ron Lewis, Chief Executive Officer
Ron Lewis became Chief Executive Officer of Ball Corporation in 2025, having joined the company in 2019. Prior to his appointment as CEO, he served as Chief Supply Chain and Operations Officer from 2024 to 2025 and as Senior Vice President and Chief Operating Officer for global beverage packaging from 2021 to 2024. Earlier in his tenure at Ball, he was President of Ball's beverage packaging business in EMEA from 2019 to 2020. Before joining Ball, Lewis had an extensive career at The Coca-Cola Co. and its affiliates, holding senior leadership roles such as Chief Supply Chain Officer at Coca-Cola European Partners, Senior Vice President of Supply Chain at Coca-Cola Enterprises Inc., and Chief Procurement Officer at The Coca-Cola Co. He also held supply chain and procurement leadership positions at Mars Incorporated and Cargill.

Daniel Rabbitt, Senior Vice President, Chief Financial Officer
Daniel Rabbitt has served as Chief Financial Officer of Ball Corporation since 2025, after serving as interim CFO since May 2025. He joined Ball in 2004 and has held a variety of senior leadership positions across corporate planning, development, and global operations. Before his appointment as CFO, he was Senior Vice President of Corporate Planning and Development from 2024 to 2025 and Vice President of Corporate Planning and Development from 2016 to 2024. Earlier in his career at Ball, he led the Global Aerocan business as Vice President and General Manager from 2015 to 2016 and oversaw Ball Aerocan operations in the Americas from 2012 to 2015. Before joining Ball, Rabbitt co-founded Mountain Union Telecom, LLC, where he served as Chief Financial Officer from 1999 to 2004. He also held leadership roles in corporate development at Telecom Towers and in finance at Bank of America (formerly NationsBank).

Jay Billings, Senior Vice President & President, Growth Ventures
Jay Billings has served as President, Growth Ventures at Ball Corporation since 2024. In this role, he is responsible for the Personal Home Care (PHC) division and strategic growth ventures. He joined Ball in 2006 and has held various roles in commercial, innovation, marketing, and business development. Prior to his current position, Billings was President of Ball Aerosol Packaging from 2021 to 2024.

Scott Vail, Senior Vice President, Chief Supply Chain & Operations Officer
Scott Vail was named Chief Supply Chain & Operations Officer at Ball Corporation in 2025, leading the company's global manufacturing, supply chain, procurement, and operational excellence organizations. Vail joined Ball in 2021 as Vice President, Operations for Beverage Packaging North and Central America. In 2024, he was appointed Vice President, Global Head of Operational Excellence. Before joining Ball, Vail served as President of Metal Container Corporation from 2019 to 2021. He also held various senior roles in engineering, maintenance, and operations strategy at AB InBev.

Mandy Glew, President, Beverage Packaging EMEA
Mandy Glew serves as President, Beverage Packaging EMEA at Ball Corporation, a role she has held since 2024. She previously served as Vice President, Commercial for the region from 2020 to 2024. Before joining Ball, Glew spent 23 years with Procter & Gamble in various leadership roles across manufacturing, supply chain, sales, marketing, and general management. Her positions included Vice President Commercial Operations for Northern Europe, Vice President & Managing Director Market Operations for the Nordic region, and Vice President Sales for the Nordic region.

AI Analysis | Feedback

The key risks to Ball Corporation's business are:
  1. Raw Material Price Volatility and Tariffs

    Ball Corporation is highly susceptible to fluctuations in the price and availability of raw materials, particularly aluminum, which constitutes a significant portion of its production costs. The company also faces risks from tariffs on imported aluminum, such as the 50% U.S. tariff effective June 2025, which can compress margins if these increased costs cannot be fully passed on to customers. Even with mechanisms to pass through costs, there can be timing lags, customer friction, or ongoing margin pressure.
  2. Demand Volatility and Market Shifts

    A substantial portion of Ball Corporation's revenue is derived from the beverage industry, making it vulnerable to market fluctuations in this sector. Specifically, the company faces risks from continued weakness in the beer and alcohol sector, which accounts for approximately 30-35% of its product mix, and potential destocking in this segment could impact earnings and volumes. Additionally, the company operates in a highly competitive packaging industry and faces threats from alternative packaging materials like PET and glass containers.
  3. High Debt Levels and Financial Leverage

    Ball Corporation carries significant debt, which could limit its financial flexibility and impact its ability to respond to market changes or invest in new opportunities. As of December 2024, the company had US$5.64 billion of debt, and its total liabilities exceeded its cash and short-term receivables by a considerable margin. While the company is actively managing its debt, including refinancing efforts, this leverage remains a notable risk.

AI Analysis | Feedback

The increasing global push and adoption of widespread reusable and refillable packaging systems, driven by sustainability goals and regulatory changes, could reduce demand for Ball's single-use aluminum beverage and aerosol containers.

The rapid growth and innovation from "New Space" companies, offering more agile, cost-effective, and commercially focused satellite, sensor, and aerospace solutions, could disrupt Ball's traditional aerospace market share and contract opportunities.

AI Analysis | Feedback

Addressable Markets for Ball Corporation's Main Products and Services

Aluminum Packaging Products

  • Aluminum Beverage Packaging: The global aluminum beverage packaging market was valued at USD 47.9 billion in 2025 and is projected to reach USD 78.8 billion by 2035.
  • U.S. Aluminum Beverage Cans: The United States aluminum beverage cans market size is estimated at USD 28.9 billion in 2026 and is projected to reach USD 33.26 billion by 2031.
  • Europe Aluminum Cans: The European aluminum cans market was valued at USD 114.07 billion in 2025 and is anticipated to reach USD 153.32 billion by 2034.
  • Brazil Aluminum Cans: The Brazil aluminum cans market size was estimated at USD 4.41 billion (USD 4409.6 million) in 2024 and is expected to reach USD 8.58 billion (USD 8579.4 million) by 2035.
  • Global Aluminum Aerosol Containers: The global aluminum aerosol cans market was valued at USD 7.82 billion in 2024 and is projected to grow to USD 12.94 billion by 2034.
  • Global Aluminum Cups: The global aluminum cups market was valued at USD 9.3 billion in 2025 and is expected to reach USD 16.49 billion by 2035.
  • Recloseable Aluminum Bottles: null
  • Aluminum Slugs: null

Aerospace Products and Services

  • Global Aerospace and Defense Market: The global Aerospace and Defense Market was valued at USD 941.21 billion in 2025 and is expected to reach USD 1574.1 billion by 2035.
  • Global Satellite Manufacturing Market: The global satellite manufacturing market size is accounted at USD 26.26 billion in 2025 and is predicted to increase to approximately USD 101.43 billion by 2034.
  • Global Commercial Aerospace Market: The global commercial aerospace market size was valued at USD 960.07 billion in 2025 and is projected to grow to USD 1812.96 billion by 2034.

AI Analysis | Feedback

Ball Corporation (BALL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Increased Global Demand and Volume Growth for Aluminum Beverage Cans: The company anticipates continued robust volume growth for aluminum beverage cans across its segments. Ball Corporation reported a 4.2% increase in beverage can volumes across regions in the third quarter of 2025, with global volume growth projected to be between 2-3% for 2025. This growth is particularly strong in categories like energy drinks and non-alcoholic beverages.
  2. Expansion of Manufacturing Capacity and Geographic Reach: Ball Corporation is actively expanding its production capabilities and market presence. Key initiatives include the acquisition of Florida Can Manufacturing in February 2025 to strengthen its North and Central American supply. The company is also planning a new two-line can plant in Millersburg, Oregon, expected to come online in the second half of 2026, which is projected to add approximately $1.5 billion of improved volume by 2027. Furthermore, strategic acquisitions like the Benepack facilities in Europe in 2025, and partnerships aimed at emerging markets such as India, are bolstering its international footprint.
  3. Growing Preference for Sustainable Aluminum Packaging: Ball is capitalizing on the increasing consumer and regulatory preference for environmentally friendly packaging solutions. Aluminum cans are gaining market share, especially in Europe, where there's a favorable shift from glass due to aluminum's recyclability and sustainability benefits. The company's strategic focus on sustainable aluminum solutions, including efforts to increase recycled content to 85% by 2030, aligns with this market trend.
  4. Favorable Price/Mix and Enhanced Operational Efficiencies: Improvements in price/mix, driven partly by higher aluminum prices, have contributed to sales growth. Coupled with this, Ball Corporation is focused on operational efficiencies, improved plant utilization, and cost-saving programs following the divestiture of its aerospace business in early 2024. These efforts are expected to drive margin expansion and support overall revenue growth by optimizing its core aluminum packaging operations.

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Capital Allocation Decisions (Last 3-5 Years) for Ball Corporation (BALL)

Share Repurchases

  • Ball Corporation authorized a new share repurchase program of up to $4 billion in January 2025, replacing all prior authorizations.
  • In 2025, the company repurchased $1.321 billion in shares.
  • Ball returned $1.96 billion to shareholders through dividends and share repurchases in 2024, with annual share buybacks amounting to $1.712 billion.

Share Issuance

  • Ball's shares outstanding have seen a decline, with 0.276 billion shares outstanding in 2025, a 10.46% decrease from 2024.

Outbound Investments

  • Ball divested its Ball Aerospace business to BAE Systems for $5.6 billion in cash in 2024, a strategic move to increase focus on aluminum packaging.
  • In February 2025, Ball acquired Florida Can Manufacturing for $160 million to enhance its North and Central American supply network.
  • The company acquired an 80% stake in the European beverage can manufacturer Benepack for approximately €184 million (about $200 million) in December 2025, expanding its presence in Belgium and Hungary.

Capital Expenditures

  • Capital expenditures for 2025 were $474 million and were expected to be around $600 million, a strategic move to preserve liquidity and remain below depreciation and amortization.
  • The primary focus of capital expenditures includes expanding manufacturing capacity in North America, with plans for a new two-line can plant in Oregon.

Better Bets vs. Ball (BALL)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BALLCCKAMBPSLGNAMCRGPKMedian
NameBall Crown Ardagh M.Silgan Amcor Graphic . 
Mkt Price52.9293.383.9436.6338.1310.5437.38
Mkt Cap14.110.52.43.917.73.17.2
Rev LTM13,66712,7375,7336,57822,1908,65310,695
Op Inc LTM1,4221,6402586531,8387021,062
FCF LTM596995209307763153452
FCF 3Y Avg306964248318765-74312
CFO LTM1,1501,4624136141,6709021,026
CFO 3Y Avg9131,4524755891,400884898

Growth & Margins

BALLCCKAMBPSLGNAMCRGPKMedian
NameBall Crown Ardagh M.Silgan Amcor Graphic . 
Rev Chg LTM13.7%7.0%13.9%9.6%64.8%-0.2%11.6%
Rev Chg 3Y Avg3.0%0.1%7.1%1.2%18.3%-3.5%2.1%
Rev Chg Q16.3%12.9%18.6%6.4%77.4%1.7%14.6%
QoQ Delta Rev Chg LTM3.8%3.0%4.3%1.5%13.2%0.4%3.4%
Op Inc Chg LTM10.1%3.2%14.2%10.0%31.0%-33.9%10.0%
Op Inc Chg 3Y Avg10.5%10.5%53.2%-0.3%9.0%-14.4%9.7%
Op Mgn LTM10.4%12.9%4.5%9.9%8.3%8.1%9.1%
Op Mgn 3Y Avg10.1%12.6%3.5%10.0%9.3%11.1%10.0%
QoQ Delta Op Mgn LTM-0.2%-0.4%0.1%-0.2%-0.1%-1.7%-0.2%
CFO/Rev LTM8.4%11.5%7.2%9.3%7.5%10.4%8.9%
CFO/Rev 3Y Avg7.2%12.0%9.3%9.6%8.7%9.9%9.4%
FCF/Rev LTM4.4%7.8%3.6%4.7%3.4%1.8%4.0%
FCF/Rev 3Y Avg2.3%7.9%4.8%5.2%4.9%-0.9%4.9%

Valuation

BALLCCKAMBPSLGNAMCRGPKMedian
NameBall Crown Ardagh M.Silgan Amcor Graphic . 
Mkt Cap14.110.52.43.917.73.17.2
P/S1.00.80.40.60.80.40.7
P/Op Inc9.96.49.15.99.64.57.8
P/EBIT9.56.711.36.512.65.28.1
P/E15.014.5214.113.626.111.414.8
P/CFO12.27.25.76.310.63.56.7
Total Yield8.2%8.1%11.1%9.6%10.6%12.9%10.1%
Dividend Yield1.5%1.2%10.6%2.2%6.7%4.2%3.2%
FCF Yield 3Y Avg2.0%9.3%12.3%6.6%5.1%0.1%5.8%
D/E0.60.61.91.20.91.81.1
Net D/E0.50.61.81.10.91.81.0

Returns

BALLCCKAMBPSLGNAMCRGPKMedian
NameBall Crown Ardagh M.Silgan Amcor Graphic . 
1M Rtn-10.0%-7.3%-0.8%-9.0%-3.6%-5.9%-6.6%
3M Rtn-15.1%-11.1%-10.8%-16.6%-10.4%-5.0%-11.0%
6M Rtn8.7%-4.0%3.1%-4.3%-5.4%-32.9%-4.2%
12M Rtn0.4%-3.2%8.7%-30.2%-10.4%-50.9%-6.8%
3Y Rtn1.0%16.2%35.8%-15.1%-10.3%-56.7%-4.6%
1M Excs Rtn-10.2%-7.6%-1.0%-9.3%-3.8%-6.1%-6.9%
3M Excs Rtn-24.6%-20.7%-20.3%-26.2%-20.0%-14.5%-20.5%
6M Excs Rtn1.4%-13.2%-4.9%-13.5%-15.0%-41.8%-13.4%
12M Excs Rtn-22.8%-26.6%-14.7%-53.8%-34.4%-74.3%-30.5%
3Y Excs Rtn-68.8%-49.8%-28.1%-91.0%-83.6%-129.9%-76.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Beverage packaging, North and Central America5,6195,9636,6965,8565,076
Beverage packaging, Europe, Middle East and Africa (EMEA)3,4663,3953,8543,5092,945
Beverage packaging, South America1,9511,9602,1082,0161,695
Other759744714519324
Aerospace  1,9771,9111,741
Total11,79512,06215,34913,81111,781


Operating Income by Segment
$ Mil20252024202320222021
Beverage packaging, North and Central America747710642681683
Beverage packaging, Europe, Middle East and Africa (EMEA)416354358452354
Beverage packaging, South America296266275348280
Aerospace  170169153
Intangible amortization  -135-152-150
Other  -25-65-55
Total1,4591,3301,2851,4331,265


Price Behavior

Price Behavior
Market Price$52.92 
Market Cap ($ Bil)14.1 
First Trading Date09/07/1984 
Distance from 52W High-21.4% 
   50 Days200 Days
DMA Price$58.76$54.82
DMA Trendindeterminatedown
Distance from DMA-9.9%-3.5%
 3M1YR
Volatility28.1%25.9%
Downside Capture117.0128.28
Upside Capture15.7520.93
Correlation (SPY)47.4%16.0%
BALL Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.111.280.980.460.340.60
Up Beta3.022.201.611.090.710.64
Down Beta2.411.390.840.380.240.55
Up Capture-75%1%15%30%16%24%
Bmk +ve Days13283667141432
Stock +ve Days8172362124376
Down Capture167%170%140%15%33%86%
Bmk -ve Days7132757109318
Stock -ve Days12244062126372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BALL
BALL0.9%25.8%-0.00-
Sector ETF (XLB)17.3%16.9%0.7850.8%
Equity (SPY)25.3%12.1%1.5715.3%
Gold (GLD)27.6%26.9%0.8818.2%
Commodities (DBC)36.9%19.0%1.52-12.9%
Real Estate (VNQ)12.5%13.3%0.6348.4%
Bitcoin (BTCUSD)-39.7%42.2%-1.08-0.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BALL
BALL-7.2%30.3%-0.21-
Sector ETF (XLB)5.1%18.9%0.1752.2%
Equity (SPY)13.5%17.1%0.6240.9%
Gold (GLD)17.3%18.1%0.788.4%
Commodities (DBC)9.5%19.4%0.384.1%
Real Estate (VNQ)3.2%18.8%0.0746.6%
Bitcoin (BTCUSD)12.1%54.6%0.4213.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BALL
BALL5.1%28.3%0.22-
Sector ETF (XLB)10.1%20.6%0.4453.9%
Equity (SPY)15.3%17.9%0.7348.7%
Gold (GLD)13.0%16.0%0.6710.9%
Commodities (DBC)7.1%18.0%0.328.9%
Real Estate (VNQ)5.6%20.7%0.2448.4%
Bitcoin (BTCUSD)63.9%66.9%1.0311.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5152026
Short Interest: Shares Quantity6.3 Mil
Short Interest: % Change Since 4302026-3.6%
Average Daily Volume3.0 Mil
Days-to-Cover Short Interest2.1 days
Basic Shares Quantity265.8 Mil
Short % of Basic Shares2.4%

Earnings Returns History

Updated 6/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-6.3%-5.3%-13.0%
2/3/20269.0%17.6%14.6%
11/4/20251.5%-1.5%4.1%
8/5/2025-5.7%-6.9%-12.6%
5/6/2025-0.3%2.7%3.1%
2/4/2025-6.9%-9.6%-6.5%
10/31/2024-7.7%-6.1%-3.2%
8/1/20241.1%-1.4%-2.3%
...
SUMMARY STATS   
# Positive131012
# Negative111412
Median Positive4.2%5.3%8.2%
Median Negative-5.7%-4.8%-8.0%
Max Positive13.4%17.6%24.0%
Max Negative-18.6%-21.1%-23.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/19/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/20/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/07/202410-Q
12/31/202302/20/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/21/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Comparable Diluted EPS Growth 10.0% 00AffirmedGuidance: 10.0% for 2026
2026 Free Cash Flow 900.00 Mil 0 AffirmedGuidance: 900.00 Mil for 2026
2026 Share Repurchases and Dividends 800.00 Mil   Higher New

Prior: Q4 2025 Earnings Reported 2/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Comparable Diluted EPS Growth 10.0% -25.9%-3.5%LoweredGuidance: 13.5% for 2025
2026 Free Cash Flow 900.00 Mil    

Insider Activity

Updated 5/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Villatoro, FauzeSVP & President South AmericaDirectBuy305202664.511,551100,057888,846Form
2Pitre, KathleenSVP & President NCADirectSell302202666.6310,660710,3202,450,269Form
3Carey, Nate CVice President & ControllerDirectSell206202666.4510,718712,165482,728Form
4Fisher, Daniel WilliamChairman & C.E.O.Held by Reporting Person's SpouseSell829202551.553,400175,270517,356Form
Core Cache Last Updated: 6/5/2026