Crown (CCK)
Market Price (6/23/2026): $103.3 | Market Cap: $11.6 BilSector: Materials | Industry: Paper & Plastic Packaging Products & Materials
Crown (CCK)
Market Price (6/23/2026): $103.3Market Cap: $11.6 BilSector: MaterialsIndustry: Paper & Plastic Packaging Products & Materials
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 8.6% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Consumption, and Vegan & Alternative Foods. Themes include Sustainable Packaging Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -2.5%, 3Y Excs Rtn is -46% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% Key risksCCK key risks include [1] its "number two" market position behind a dominant leader, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 8.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Consumption, and Vegan & Alternative Foods. Themes include Sustainable Packaging Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -2.5%, 3Y Excs Rtn is -46% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% |
| Key risksCCK key risks include [1] its "number two" market position behind a dominant leader, Show more. |
Qualitative Assessment
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Crown (CCK) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Lower-than-expected Reported Earnings per Share and Negative Operating Cash Flow in Fiscal Q1 2026.
Crown reported diluted earnings per share (EPS) of $1.56 for fiscal Q1 2026 (which ended March 31, 2026), falling short of the analyst estimate of $1.75. This represented a 5.45% decrease year-over-year in diluted EPS. Despite an 11% increase in adjusted diluted EPS to $1.86 and a 13% rise in net sales to $3.26 billion, the reported EPS miss and a substantial negative cash flow from operating activities of -$54 million (a 485.71% decrease year-over-year) created investor concern regarding profitability and cash generation.
2. North American Beverage Segment Underperformance and Unrecovered Input Costs.
During fiscal Q1 2026, Crown's Americas Beverage segment experienced an approximate 10% decline in income. This was primarily driven by an unfavorable product mix and a failure to fully recover input costs, despite a modest 1% increase in North American shipments. This regional underperformance contributed to overall margin pressures for the company, even as global beverage shipments saw a 5% increase.
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Crown (CCK) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Lower-than-expected Reported Earnings per Share and Negative Operating Cash Flow in Fiscal Q1 2026.
Crown reported diluted earnings per share (EPS) of $1.56 for fiscal Q1 2026 (which ended March 31, 2026), falling short of the analyst estimate of $1.75. This represented a 5.45% decrease year-over-year in diluted EPS. Despite an 11% increase in adjusted diluted EPS to $1.86 and a 13% rise in net sales to $3.26 billion, the reported EPS miss and a substantial negative cash flow from operating activities of -$54 million (a 485.71% decrease year-over-year) created investor concern regarding profitability and cash generation.
2. North American Beverage Segment Underperformance and Unrecovered Input Costs.
During fiscal Q1 2026, Crown's Americas Beverage segment experienced an approximate 10% decline in income. This was primarily driven by an unfavorable product mix and a failure to fully recover input costs, despite a modest 1% increase in North American shipments. This regional underperformance contributed to overall margin pressures for the company, even as global beverage shipments saw a 5% increase.
3. Macroeconomic Headwinds from Middle East Conflict and Commodity Volatility.
Crown projected a $0.10 per share headwind to its full-year 2026 adjusted earnings per share guidance, with $0.05 of this impact anticipated in fiscal Q2 2026, due to the ongoing conflict in the Middle East. The company also highlighted that continued volatility across aluminum, energy, and transportation markets could further affect input costs and consumer spending, adding a layer of uncertainty to its financial outlook.
4. Substantial Insider Selling Activity by Key Executives.
During the period, several Crown executives engaged in significant selling of company stock. President and CEO Timothy J. Donahue sold 67,500 shares with an estimated value of $7,143,984 within the last six months. Similarly, EVP & COO Djalma Jr. Novaes sold 49,488 shares, totaling an estimated $5,409,012 over the same timeframe. These substantial insider sales, exceeding the $5 million threshold, may have signaled a lack of strong confidence from leadership, contributing to negative investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The -9.3% change in CCK stock from 2/28/2026 to 6/22/2026 was primarily driven by a -8.5% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.82 | 103.22 | -9.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,365 | 12,737 | 3.0% |
| Net Income Margin (%) | 6.0% | 5.7% | -5.3% |
| P/E Multiple | 17.5 | 16.1 | -8.5% |
| Shares Outstanding (Mil) | 114 | 112 | 1.6% |
| Cumulative Contribution | -9.3% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CCK | -9.3% | |
| Market (SPY) | 8.8% | 50.2% |
| Sector (XLB) | -2.9% | 66.5% |
Fundamental Drivers
The 7.3% change in CCK stock from 11/30/2025 to 6/22/2026 was primarily driven by a 37.1% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.17 | 103.22 | 7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,141 | 12,737 | 4.9% |
| Net Income Margin (%) | 7.8% | 5.7% | -27.5% |
| P/E Multiple | 11.7 | 16.1 | 37.1% |
| Shares Outstanding (Mil) | 115 | 112 | 2.9% |
| Cumulative Contribution | 7.3% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CCK | 7.3% | |
| Market (SPY) | 9.5% | 33.6% |
| Sector (XLB) | 16.6% | 59.2% |
Fundamental Drivers
The 6.1% change in CCK stock from 5/31/2025 to 6/22/2026 was primarily driven by a 22.3% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 97.32 | 103.22 | 6.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,904 | 12,737 | 7.0% |
| Net Income Margin (%) | 4.6% | 5.7% | 22.3% |
| P/E Multiple | 20.6 | 16.1 | -22.2% |
| Shares Outstanding (Mil) | 117 | 112 | 4.2% |
| Cumulative Contribution | 6.1% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CCK | 6.1% | |
| Market (SPY) | 27.7% | 25.2% |
| Sector (XLB) | 21.9% | 50.7% |
Fundamental Drivers
The 40.2% change in CCK stock from 5/31/2023 to 6/22/2026 was primarily driven by a 17.6% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.60 | 103.22 | 40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,755 | 12,737 | -0.1% |
| Net Income Margin (%) | 4.8% | 5.7% | 17.6% |
| P/E Multiple | 14.3 | 16.1 | 12.2% |
| Shares Outstanding (Mil) | 119 | 112 | 6.4% |
| Cumulative Contribution | 40.2% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CCK | 40.2% | |
| Market (SPY) | 85.1% | 35.5% |
| Sector (XLB) | 46.0% | 53.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CCK Return | 11% | -25% | 13% | -9% | 26% | -1% | 7% |
| Peers Return | 3% | -11% | -6% | -1% | 3% | 9% | -4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| CCK Win Rate | 58% | 42% | 58% | 50% | 67% | 50% | |
| Peers Win Rate | 52% | 43% | 43% | 47% | 53% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CCK Max Drawdown | -15% | -48% | -20% | -22% | -16% | -20% | |
| Peers Max Drawdown | -18% | -33% | -32% | -21% | -24% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BALL, SLGN, AMBP, AMCR, SON. See CCK Returns vs. Peers.
[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 6/22/2026 (YTD)
How Low Can It Go
| Event | CCK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -10.9% | -18.8% |
| % Gain to Breakeven | 12.3% | 23.1% |
| Time to Breakeven | 16 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.6% | -9.5% |
| % Gain to Breakeven | 24.5% | 10.5% |
| Time to Breakeven | 336 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.8% | -6.7% |
| % Gain to Breakeven | 12.1% | 7.1% |
| Time to Breakeven | 14 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.8% | -24.5% |
| % Gain to Breakeven | 58.3% | 32.4% |
| Time to Breakeven | 977 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 80.7% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.0% | -19.2% |
| % Gain to Breakeven | 24.9% | 23.8% |
| Time to Breakeven | 37 days | 105 days |
In The Past
Crown's stock fell -10.9% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CCK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.8% | -24.5% |
| % Gain to Breakeven | 58.3% | 32.4% |
| Time to Breakeven | 977 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 80.7% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.9% | -17.9% |
| % Gain to Breakeven | 33.1% | 21.8% |
| Time to Breakeven | 487 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -46.3% | -53.4% |
| % Gain to Breakeven | 86.3% | 114.4% |
| Time to Breakeven | 298 days | 1085 days |
In The Past
Crown's stock fell -10.9% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% 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 Crown (CCK)
Crown Holdings, Inc. (CCK) is a global leader in the design, manufacture, and sale of a diverse range of packaging products and equipment. The company operates across the Americas, Europe, and the Asia Pacific regions, serving both consumer goods and industrial product markets. Essentially, Crown provides the essential containers and protective materials that businesses need to package their products efficiently and securely.
For consumer goods, Crown's primary offerings include steel and aluminum cans widely used by the food and beverage industries. Beyond cans, the company also supplies glass bottles for beverages, as well as steel crowns and aluminum caps, covering a broad spectrum of packaging and closure needs for various everyday products.
In the industrial sector, Crown provides critical solutions such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film. These industrial products, along with manual, semi-automatic, and automatic equipment for their application, are vital for end-of-line manufacturing processes. Crown's industrial customers span a wide array of sectors, including metals, food and beverage, construction, agriculture, corrugated packaging, and general industries, relying on CCK for their bundling, protection, and shipping requirements.
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- Crown (CCK) is like Corning for packaging.
- Crown (CCK) is like International Paper, but for metal cans and glass bottles too.
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- Steel and Aluminum Cans: Packaging containers primarily for the food and beverage industries.
- Industrial Strapping Products: Consumables like steel and plastic straps, along with the equipment to apply them, used for securing industrial goods.
- Paper-based Protective Packaging: Materials designed to protect various industrial products during transit and storage.
- Plastic Film Products: Consumable films and associated equipment used in industrial packaging applications.
- Glass Bottles: Container products specifically manufactured for the beverage industry.
- Closures (Steel Crowns and Aluminum Caps): Sealing components, such as steel crowns and aluminum caps, used for beverage packaging.
- Packaging Equipment and Tools: A range of manual, semi-automatic, and automatic machinery and tools for applying industrial packaging solutions.
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Timothy J. Donahue, Chairman of the Board, President and Chief Executive Officer
Mr. Donahue was appointed CEO of Crown Holdings, Inc. in 2016 and has served as a member of the Board since 2015, becoming Chairman in 2022. He has over 34 years of experience with the company, having previously held positions as Chief Operating Officer (from 2013), Chief Financial Officer (2008-2013), Senior Vice President – Finance (2000-2008), and Vice President – Corporate Controller (1991-2000). During his leadership roles, he has overseen significant strategic transactions, including the $3.9 billion acquisition of Signode and the $2.7 billion sale of a majority stake in the company's European Tinplate business, now known as Eviosys. Mr. Donahue holds a Bachelor of Science degree in Accounting from Villanova University.
Kevin C. Clothier, Senior Vice President and Chief Financial Officer
Mr. Clothier assumed the role of Senior Vice President and Chief Financial Officer for Crown Holdings, Inc. on January 1, 2022. He joined the company in 1993 and previously served as Vice President & Treasurer (since 2015) and Vice President and Corporate Controller.
Gerard H. Gifford, Executive Vice President and Chief Administrative Officer
Mr. Gifford was promoted to Executive Vice President and Chief Administrative Officer, effective July 1, 2025, and is expected to retire in early 2026. Prior to this, he served as Executive Vice President and Chief Operating Officer since 2017. With over 35 years at Crown, having joined in 1983, Mr. Gifford's previous roles include President CROWN Europe (from 2012) and President CROWN Beverage Packaging North America (from 2008). He led the European Division through a major transformation, which involved the acquisition and integration of Mivisa, the establishment of a pan-European management structure, and the divestiture of a portion of the specialty packaging business. Mr. Gifford holds a Bachelor of Science degree in Mechanical and Industrial Engineering from Clarkson University and is an alumnus of the Advanced Management Program at Harvard University's School of Business.
Djalma Novaes, Jr., Executive Vice President and Chief Operating Officer
Mr. Novaes, Jr. was promoted to Executive Vice President and Chief Operating Officer, effective July 1, 2025. He joined Crown in 1998 and has served as President of the company's Americas Division since 2015, where he significantly strengthened its competitive position and more than doubled segment income. His previous positions include President of Crown's operations in Brazil and Vice President of Operations for the North American Beverage can business. Mr. Novaes holds a Bachelor of Science in Mechanical Engineering from Pontifícia Universidade Católica do Rio de Janeiro and an MBA from Fundação Getúlio Vargas in São Paulo.
Adam J. Dickstein, Senior Vice President, General Counsel and Secretary
Mr. Dickstein serves as Senior Vice President, General Counsel, and Corporate Secretary at Crown Holdings, Inc., a role he has held since July 2007. Before joining Crown, he operated his own legal practice, the Law Offices of Adam J. Dickstein, from February 2001 to July 2007, providing outsourced general counsel services for international business transactions. His career also includes experience as Assistant General Counsel at ARAMARK Corporation, where he advised the international and US campus services divisions. Mr. Dickstein held associate positions at Dechert and Arent Fox, focusing on corporate law and international business transactions, and spent time working in Budapest, Hungary. He earned a Juris Doctor degree from the University of Michigan Law School and a Bachelor of Arts in Political Science from the University of Pennsylvania.
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The key risks to Crown Holdings, Inc. (CCK) include:
- Raw Material Price Volatility and Inflation: Crown Holdings, Inc. faces significant exposure to fluctuations in the prices of key raw materials, primarily aluminum and steel, which constitute a substantial portion of its cost of goods sold. Inflationary pressures, including higher interest rates and energy prices, also pose a risk to the company's financial performance.
- Intense Competition and Market Overcapacity: The company operates in a highly competitive global market, particularly for standardized products like beverage and food cans, where product differentiation is limited. This intense competition can lead to pricing pressures and potential erosion of market share and profitability. Furthermore, the risk of industry overcapacity, driven by expansion efforts from major players, could exacerbate pricing pressures and negatively impact margins.
- Significant Debt Load: Crown Holdings, Inc. manages a substantial debt load, a common characteristic for a major industrial company with high capital expenditure needs for its global footprint and expansion of manufacturing capacity. While the company has focused on reducing its net leverage, this significant debt level remains a key financial risk.
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The emerging threat for Crown (CCK) is the increasing adoption of **reusable and refillable packaging systems** by consumers and consumer goods companies. This shift represents a fundamental change in the packaging consumption model, moving away from single-use packaging (which CCK primarily manufactures) towards a circular economy where packaging is designed to be returned, refilled, or reused multiple times. If these systems achieve widespread adoption, they would directly reduce the overall demand for new, disposable packaging products, thereby threatening CCK's core business model that relies on high-volume production of single-use items.
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Crown Holdings, Inc. (CCK) participates in several significant addressable markets for its packaging products and services across various global regions.
Consumer Goods Packaging
- Food and Beverage Metal Cans (Steel and Aluminum): The global food and beverage metal cans market was estimated at approximately USD 50.50 billion in 2024 and is projected to reach around USD 99.71 billion by 2034. North America held the largest share of this market in 2024. More specifically, the global food cans market size is projected to reach USD 35.86 billion by 2031.
- Glass Bottles for Beverage Products: The global glass beverage bottle market size was valued at USD 76.70 billion in 2026 and is expected to reach USD 120.87 billion by 2035. Asia-Pacific dominates this market with approximately a 46% global market share, while North America represents around 19%.
- Steel Crowns and Aluminum Caps (Metal Closures): The broader global metal packaging market, which includes caps and closures, was valued at USD 141.70 billion in 2025 and is anticipated to reach USD 207.74 billion by 2035.
Industrial Products Packaging
- Industrial Packaging (Overall): The global industrial packaging market size was estimated at USD 78.44 billion in 2025 and is expected to reach USD 124.97 billion by 2033. The U.S. industrial packaging market is expected to reach USD 25.33 billion by 2032. Asia Pacific led the global industrial packaging market with over 38.33% revenue share in 2025.
- Steel Strap Consumables and Equipment: The global steel strapping market size was valued at USD 1.56 billion in 2025 and is projected to surpass USD 2.57 billion by 2035. Asia Pacific is the largest region for metal strapping and is expected to hold a 34% share of the global steel strapping market by 2035.
- Plastic Strap Consumables and Equipment: The global plastic straps market size was valued at USD 4.39 billion in 2024 and is expected to reach USD 18.01 billion by 2032. North America dominated the plastic straps market with the largest market share of 41% in 2024.
- Paper-Based Protective Packaging: The global protective packaging market, which includes paper-based solutions, was valued at USD 34.7 billion in 2024 and is estimated to grow to USD 62.7 billion by 2034. Asia Pacific held the largest revenue share of nearly 43.0% in 2024.
- Plastic Film Consumables and Equipment (Industrial Films): The global industrial films market size is estimated at USD 47.89 billion in 2025 and is forecasted to reach around USD 74.20 billion by 2034. In 2024, Asia Pacific dominated the industrial film market with a revenue share of 41%.
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Crown Holdings, Inc. (CCK) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
- Increased Global Beverage Can Volumes: The company anticipates continued growth in global beverage can unit volumes, with Europe, for example, projected to see mid-single-digit volume gains in 2026. This growth is bolstered by ongoing capital expenditures aimed at expanding capacity and upgrading facilities in strategic markets such as Brazil, Greece, and Spain, with the volume impact from these projects largely expected in 2027.
- Strong Food Can Demand: Crown Holdings expects further gains in 2026, largely driven by robust demand within the food can segment.
- Leveraging Sustainability Trends: Crown Holdings is strategically positioned to capitalize on the increasing global consumer shift towards eco-friendly and sustainable aluminum packaging. The company highlights its ability to meet customer demands for effective and sustainable packaging solutions.
- Pass-Through of Higher Raw Material Costs: The company has historically demonstrated its ability to pass through higher raw material costs to customers, which contributes to increased net sales. This mechanism continues to be a factor in revenue figures.
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Share Repurchases
- Crown Holdings, Inc. authorized a new share repurchase program of up to $2.0 billion through the end of 2027, superseding a previous authorization, as announced on July 29, 2024.
- In 2025, the company returned $625 million to shareholders, with $505 million allocated to share repurchases.
- Over the last five years, Crown Holdings has significantly reduced its share count by 15.2% through stock repurchases.
Share Issuance
- The company's outstanding shares have consistently decreased over the past few years, with 2025 shares outstanding at 0.116 billion, representing a 3.09% decline from 2024.
Capital Expenditures
- Capital expenditures for Crown Holdings peaked at $839 million in 2022, primarily driven by investments in beverage can manufacturing capacity expansion.
- In 2025, capital spending was approximately $400 million.
- The company anticipates capital expenditures to be approximately $550 million in 2026, primarily focused on capacity expansions and facility upgrades in Brazil, Greece, and Spain.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Crown Earnings Notes | 12/25/2025 | |
| Can Crown Stock Hold Up When Markets Turn? | 10/17/2025 | |
| Crown vs Barrick Mining: Which Is A Better Investment? | 08/18/2025 | |
| How Does Crown Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than CCK Stock: Pay Less Than Crown To Get More From EIX, PPC | 08/12/2025 | |
| Better Bet Than CCK Stock: Pay Less Than Crown To Get More From AA | 08/12/2025 | |
| CCK Dip Buy Analysis | 07/10/2025 | |
| Crown Total Shareholder Return (TSR): -8.1% in 2024 and -7.2% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| Crown (CCK) Operating Cash Flow Comparison | 02/17/2025 | |
| ARTICLES | ||
| Mid Cap Stocks Trading At 52-Week High | 02/04/2026 |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 45.97 |
| Mkt Cap | 8.3 |
| Rev LTM | 10,111 |
| Op Inc LTM | 1,067 |
| FCF LTM | 452 |
| FCF 3Y Avg | 312 |
| CFO LTM | 882 |
| CFO 3Y Avg | 780 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.8% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | 14.6% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Inc Chg LTM | 12.1% |
| Op Inc Chg 3Y Avg | 10.0% |
| Op Mgn LTM | 9.7% |
| Op Mgn 3Y Avg | 9.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 8.0% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 4.0% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.3 |
| P/S | 0.8 |
| P/Op Inc | 8.7 |
| P/EBIT | 8.9 |
| P/E | 16.3 |
| P/CFO | 8.7 |
| Total Yield | 9.1% |
| Dividend Yield | 3.1% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.9 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.2% |
| 3M Rtn | 3.9% |
| 6M Rtn | 7.1% |
| 12M Rtn | 2.9% |
| 3Y Rtn | 4.2% |
| 1M Excs Rtn | 6.8% |
| 3M Excs Rtn | -8.2% |
| 6M Excs Rtn | -3.9% |
| 12M Excs Rtn | -21.1% |
| 3Y Excs Rtn | -67.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Metal beverage cans and ends | 8,535 | 7,899 | 7,514 | 8,096 | 6,982 |
| Transit packaging | 2,026 | 2,107 | 2,256 | 2,545 | 2,530 |
| Metal food cans and ends | 943 | 887 | 1,013 | 1,099 | 789 |
| Other metal packaging | 433 | 447 | 526 | 605 | 513 |
| Other products | 428 | 461 | 701 | 598 | 580 |
| Total | 12,365 | 11,801 | 12,010 | 12,943 | 11,394 |
| $ Mil | 2015 | 2014 | 2013 | 2005 | 2003 |
|---|---|---|---|---|---|
| Americas Beverage | 427 | 334 | 327 | ||
| European Food | 246 | 221 | 144 | ||
| European Beverage | 228 | 265 | 257 | ||
| Asia Pacific | 145 | 142 | 133 | ||
| North America Food | 86 | 127 | 119 | ||
| Non-reportable segments | 83 | 102 | |||
| Corporate and unallocated items | -288 | -279 | -165 | ||
| Other | 3 | ||||
| Specialty Foods | 20 | 8 | |||
| Mainstream Processed Meats | 9 | ||||
| Total | 927 | 810 | 917 | 23 | 18 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Americas Beverage | 2,977 | 1,752 | 1,588 | 1,504 | 1,445 |
| European Food | 2,723 | 3,213 | 1,500 | 1,464 | 1,531 |
| European Beverage | 1,461 | 1,520 | 1,605 | 1,593 | 1,578 |
| Asia Pacific | 1,133 | 1,335 | 1,277 | 1,137 | |
| Corporate and unallocated items | 742 | 899 | 970 | 681 | 460 |
| North America Food | 527 | 456 | 457 | 500 | 504 |
| Non-reportable segments | 457 | 533 | 633 | 611 | 1,173 |
| European Specialty Packaging | 177 | ||||
| Total | 10,020 | 9,708 | 8,030 | 7,490 | 6,868 |
Price Behavior
| Market Price | $103.22 | |
| Market Cap ($ Bil) | 11.6 | |
| First Trading Date | 12/18/1984 | |
| Distance from 52W High | -10.5% | |
| 50 Days | 200 Days | |
| DMA Price | $99.42 | $100.27 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 3.8% | 2.9% |
| 3M | 1YR | |
| Volatility | 27.7% | 24.8% |
| Downside Capture | 59.13 | 36.12 |
| Upside Capture | 42.22 | 27.16 |
| Correlation (SPY) | 46.1% | 24.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.60 | 1.65 | 1.25 | 0.79 | 0.55 | 0.61 |
| Up Beta | 2.44 | 2.38 | 1.65 | 1.02 | 0.92 | 0.69 |
| Down Beta | 3.19 | 2.09 | 1.31 | 1.01 | 0.60 | 0.61 |
| Up Capture | 31% | 31% | 42% | 47% | 22% | 24% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 16 | 23 | 58 | 120 | 376 |
| Down Capture | 195% | 241% | 167% | 76% | 56% | 80% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 24 | 38 | 64 | 127 | 372 |
[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 CCK | |
|---|---|---|---|---|
| CCK | 1.9% | 24.7% | 0.03 | - |
| Sector ETF (XLB) | 21.1% | 17.5% | 0.94 | 51.0% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 23.9% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | 11.1% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | -22.0% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 38.7% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 4.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCK | |
|---|---|---|---|---|
| CCK | 1.7% | 28.9% | 0.08 | - |
| Sector ETF (XLB) | 6.0% | 19.0% | 0.21 | 55.9% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 44.9% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 8.5% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 6.9% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 42.8% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 15.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCK | |
|---|---|---|---|---|
| CCK | 7.5% | 29.4% | 0.30 | - |
| Sector ETF (XLB) | 10.2% | 20.7% | 0.44 | 64.1% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 58.9% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 8.6% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 18.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 54.1% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/27/2026 | -1.4% | -2.5% | -3.2% |
| 2/4/2026 | -0.9% | -3.3% | -8.2% |
| 10/20/2025 | 5.5% | 4.9% | 1.1% |
| 7/21/2025 | 0.3% | -3.1% | -4.1% |
| 4/28/2025 | 8.0% | 8.3% | 9.3% |
| 2/5/2025 | 2.6% | 3.8% | 7.8% |
| 10/17/2024 | 4.2% | 1.4% | -4.0% |
| 7/22/2024 | 8.9% | 12.0% | 13.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 15 |
| # Negative | 7 | 8 | 9 |
| Median Positive | 3.7% | 4.4% | 7.6% |
| Median Negative | -1.4% | -3.2% | -4.1% |
| Max Positive | 8.9% | 12.0% | 16.3% |
| Max Negative | -16.8% | -19.3% | -14.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/27/2026 | -1.4% | -2.5% | -3.2% |
| 2/4/2026 | -0.9% | -3.3% | -8.2% |
| 10/20/2025 | 5.5% | 4.9% | 1.1% |
| 7/21/2025 | 0.3% | -3.1% | -4.1% |
| 4/28/2025 | 8.0% | 8.3% | 9.3% |
| 2/5/2025 | 2.6% | 3.8% | 7.8% |
| 10/17/2024 | 4.2% | 1.4% | -4.0% |
| 7/22/2024 | 8.9% | 12.0% | 13.7% |
| 4/29/2024 | 1.2% | 2.7% | 1.5% |
| 2/5/2024 | -13.2% | -14.4% | -14.0% |
| 10/23/2023 | 5.9% | 4.4% | 8.3% |
| 7/24/2023 | 6.2% | 2.5% | -2.8% |
| 4/24/2023 | 2.8% | 8.2% | 3.4% |
| 2/7/2023 | -1.2% | -2.7% | -4.2% |
| 10/24/2022 | -16.8% | -19.3% | -4.1% |
| 7/20/2022 | 3.7% | 4.5% | 7.6% |
| 4/25/2022 | -8.5% | -5.4% | -14.0% |
| 2/8/2022 | 1.1% | 6.8% | 6.8% |
| 10/25/2021 | 0.2% | 3.2% | 10.6% |
| 7/19/2021 | 1.4% | -1.6% | 5.6% |
| 4/19/2021 | -0.8% | 0.9% | 0.6% |
| 2/9/2021 | 5.7% | 6.8% | 5.2% |
| 10/19/2020 | 5.9% | 7.4% | 16.3% |
| 7/20/2020 | 1.5% | 4.0% | 8.4% |
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 15 |
| # Negative | 7 | 8 | 9 |
| Median Positive | 3.7% | 4.4% | 7.6% |
| Median Negative | -1.4% | -3.2% | -4.1% |
| Max Positive | 8.9% | 12.0% | 16.3% |
| Max Negative | -16.8% | -19.3% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/01/2021 | 10-Q |
| 06/30/2021 | 07/23/2021 | 10-Q |
| 03/31/2021 | 04/23/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/23/2020 | 10-Q |
| 06/30/2020 | 07/27/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
| 06/30/2019 | 07/29/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 4/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 EPS | 2.1 | 2.15 | 2.2 | ||||
| 2026 EPS | 7.9 | 8.1 | 8.3 | 0 | Affirmed | Guidance: 8.1 for 2026 | |
| 2026 Free Cash Flow | 900.00 Mil | 0 | Affirmed | Guidance: 900.00 Mil for 2026 | |||
| 2026 Capital Expenditures | 550.00 Mil | 0 | Affirmed | Guidance: 550.00 Mil for 2026 | |||
Prior: Q4 2025 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 EPS | 1.7 | 1.75 | 1.8 | 2.9% | Higher New | Guidance: 1.7 for Q4 2025 | |
| 2026 EPS | 7.9 | 8.1 | 8.3 | 4.5% | Raised | Guidance: 7.75 for 2025 | |
| 2026 Free Cash Flow | 900.00 Mil | -10.0% | Lowered | Guidance: 1.00 Bil for 2025 | |||
| 2026 Capital Expenditures | 550.00 Mil | 37.5% | Raised | Guidance: 400.00 Mil for 2025 | |||
Insider Activity
Updated 5/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Donahue, Timothy J | President & CEO | Direct | Sell | 4152026 | 106.85 | 7,500 | 801,375 | 48,196,830 | Form |
| 2 | Donahue, Timothy J | President & CEO | Direct | Sell | 4092026 | 105.00 | 7,500 | 787,500 | 48,149,850 | Form |
| 3 | Novaes, Djalma JR | EVP & COO | Direct | Sell | 2242026 | 114.80 | 29,734 | 3,413,463 | 10,108,370 | Form |
| 4 | Donahue, Timothy J | President & CEO | Direct | Sell | 2192026 | 110.67 | 7,500 | 830,025 | 52,539,033 | Form |
| 5 | Donahue, Timothy J | President & CEO | Direct | Sell | 1302026 | 105.00 | 7,500 | 787,500 | 50,634,780 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Donahue, Timothy J | President & CEO | Direct | Sell | 4152026 | 106.85 | 7,500 | 801,375 | 48,196,830 | Form |
| 2 | Donahue, Timothy J | President & CEO | Direct | Sell | 4092026 | 105.00 | 7,500 | 787,500 | 48,149,850 | Form |
| 3 | Novaes, Djalma JR | EVP & COO | Direct | Sell | 2242026 | 114.80 | 29,734 | 3,413,463 | 10,108,370 | Form |
| 4 | Donahue, Timothy J | President & CEO | Direct | Sell | 2192026 | 110.67 | 7,500 | 830,025 | 52,539,033 | Form |
| 5 | Donahue, Timothy J | President & CEO | Direct | Sell | 1302026 | 105.00 | 7,500 | 787,500 | 50,634,780 | Form |
| 6 | Donahue, Timothy J | President & CEO | Direct | Sell | 12192025 | 105.01 | 8,476 | 890,065 | 46,265,306 | Form |
| 7 | Novaes, Djalma JR | EVP & COO | Direct | Sell | 12172025 | 101.02 | 19,754 | 1,995,549 | 9,782,878 | Form |
| 8 | Donahue, Timothy J | President & CEO | Direct | Sell | 8222025 | 100.52 | 13,000 | 1,306,760 | 45,139,109 | Form |
| 9 | Donahue, Timothy J | President & CEO | Direct | Sell | 8222025 | 100.56 | 37,000 | 3,720,720 | 46,464,351 | Form |
| 10 | Gifford, Gerard H | EVP & CAO | Direct | Sell | 7282025 | 102.93 | 8,222 | 846,253 | 12,617,110 | Form |
| 11 | Madeksza, Matt | President - Transit Packaging | Direct | Sell | 6062025 | 99.00 | 1,500 | 148,500 | 4,088,898 | Form |
| 12 | Kalaus, Christy L | VP & Corp Controller | Direct | Sell | 5192025 | 99.41 | 2,130 | 211,743 | 447,345 | Form |
| 13 | Gifford, Gerard H | EVP & COO | Direct | Sell | 5022025 | 97.00 | 7,000 | 678,965 | 13,095,683 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Paper & Plastic Packaging Products & Materials Resources |
| Packaging Europe |
| Paper, Film & Foil Converter |
| Packaging Gateway |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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