Ball (BALL)
Market Price (11/10/2026): $66.81 | Market Cap: $17.4 BilInvestor Relations Sector: Materials | Industry: Metal, Glass & Plastic Containers
Ball (BALL)
Market Price (11/10/2026): $66.81Market Cap: $17.4 BilSector: MaterialsIndustry: Metal, Glass & Plastic Containers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Stock buyback supportStock Buyback 3Y Total is 3.3 Bil Low stock price volatilityVol 12M is 28% Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Advanced Aviation & Space. Themes include Sustainable Packaging Materials, and Commercial Space Exploration. | Trading close to highsDist 52W High is -1.9%, Dist 3Y High is -2.2% Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -28% | Key risksBALL key risks include [1] volatile aluminum prices, Show more. |
| Stock buyback supportStock Buyback 3Y Total is 3.3 Bil |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Advanced Aviation & Space. Themes include Sustainable Packaging Materials, and Commercial Space Exploration. |
| Trading close to highsDist 52W High is -1.9%, Dist 3Y High is -2.2% |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -28% |
| Key risksBALL key risks include [1] volatile aluminum prices, Show more. |
Qualitative Assessment
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Ball (BALL) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Ball Corporation reported strong financial results for fiscal Q3 2026, surpassing analyst expectations for both comparable diluted earnings per share (EPS) and revenue. The company's comparable diluted EPS reached $1.10, exceeding the consensus estimate of $1.07, while net sales rose 23.9% year-over-year to $4.19 billion, outperforming analyst projections of approximately $3.78 billion.
2. The company experienced robust global volume growth in aluminum packaging during fiscal Q3 2026, with shipments increasing by 4.7% year-over-year. This growth surpassed Ball's long-term target range of 2-3% and was broadly distributed across regions, driven by strong demand in key markets such as energy drinks and non-alcoholic beverages.
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Ball (BALL) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Ball Corporation reported strong financial results for fiscal Q3 2026, surpassing analyst expectations for both comparable diluted earnings per share (EPS) and revenue. The company's comparable diluted EPS reached $1.10, exceeding the consensus estimate of $1.07, while net sales rose 23.9% year-over-year to $4.19 billion, outperforming analyst projections of approximately $3.78 billion.
2. The company experienced robust global volume growth in aluminum packaging during fiscal Q3 2026, with shipments increasing by 4.7% year-over-year. This growth surpassed Ball's long-term target range of 2-3% and was broadly distributed across regions, driven by strong demand in key markets such as energy drinks and non-alcoholic beverages.
3. Ball provided a positive outlook for fiscal year 2026, reiterating its forecast for comparable diluted EPS growth of 10-plus percent and a commitment to significant shareholder returns. The company expects to generate free cash flow in the range of $900 million and is on track to return at least $800 million to shareholders through share repurchases and dividends by year-end 2026, including more than $600 million in share buybacks.
4. Strategic investments in new manufacturing capacity are positioning Ball for sustained long-term growth. The company is investing in new beverage can manufacturing facilities in Germany and India, and recently acquired plants in Hungary and Belgium are beginning to contribute to its European business gains, supporting increasing global demand for aluminum packaging.
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Stock Movement Drivers
Fundamental Drivers
The 3.3% change in BALL stock from 7/31/2026 to 11/9/2026 was primarily driven by a 80.7% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.69 | 66.81 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,667 | 15,135 | 10.7% |
| Net Income Margin (%) | 6.9% | 3.5% | -48.8% |
| P/E Multiple | 18.3 | 33.1 | 80.7% |
| Shares Outstanding (Mil) | 266 | 264 | 0.7% |
| Cumulative Contribution | 3.3% |
Market Drivers
7/31/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| BALL | 3.3% | |
| Market (SPY) | 0.8% | 1.6% |
| Sector (XLB) | 5.0% | 59.3% |
Fundamental Drivers
The 10.1% change in BALL stock from 4/30/2026 to 11/9/2026 was primarily driven by a 86.8% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.66 | 66.81 | 10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,161 | 15,135 | 15.0% |
| Net Income Margin (%) | 6.9% | 3.5% | -49.3% |
| P/E Multiple | 17.7 | 33.1 | 86.8% |
| Shares Outstanding (Mil) | 267 | 264 | 1.1% |
| Cumulative Contribution | 10.1% |
Market Drivers
4/30/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| BALL | 10.1% | |
| Market (SPY) | 5.0% | 4.2% |
| Sector (XLB) | 3.2% | 49.0% |
Fundamental Drivers
The 44.1% change in BALL stock from 10/31/2025 to 11/9/2026 was primarily driven by a 43.9% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.35 | 66.81 | 44.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,397 | 15,135 | 22.1% |
| Net Income Margin (%) | 4.5% | 3.5% | -21.6% |
| P/E Multiple | 23.0 | 33.1 | 43.9% |
| Shares Outstanding (Mil) | 276 | 264 | 4.7% |
| Cumulative Contribution | 44.1% |
Market Drivers
10/31/2025 to 11/9/2026| Return | Correlation | |
|---|---|---|
| BALL | 44.1% | |
| Market (SPY) | 11.3% | 7.3% |
| Sector (XLB) | 25.2% | 51.9% |
Fundamental Drivers
The 44.6% change in BALL stock from 10/31/2023 to 11/9/2026 was primarily driven by a 81.7% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.20 | 66.81 | 44.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,570 | 15,135 | 30.8% |
| Net Income Margin (%) | 6.9% | 3.5% | -49.0% |
| P/E Multiple | 18.2 | 33.1 | 81.7% |
| Shares Outstanding (Mil) | 315 | 264 | 19.2% |
| Cumulative Contribution | 44.6% |
Market Drivers
10/31/2023 to 11/9/2026| Return | Correlation | |
|---|---|---|
| BALL | 44.6% | |
| Market (SPY) | 86.2% | 29.7% |
| Sector (XLB) | 46.8% | 55.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BALL Return | 4% | -46% | 14% | -3% | -2% | 27% | -23% |
| Peers Return | 10% | 5% | -1% | 3% | -10% | 6% | 12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 96% |
Monthly Win Rates [3] | |||||||
| BALL Win Rate | 42% | 42% | 42% | 50% | 50% | 64% | |
| Peers Win Rate | 60% | 47% | 50% | 50% | 48% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| BALL Max Drawdown | -16% | -51% | -29% | -22% | -22% | -22% | |
| Peers Max Drawdown | -15% | -25% | -24% | -18% | -28% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CCK, SLGN, AMCR, GPK, SON.
[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 11/9/2026 (YTD)
How Low Can It Go
| Event | BALL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.4% | -9.5% |
| % Gain to Breakeven | 37.8% | 10.5% |
| Time to Breakeven | 51 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.2% | -6.7% |
| % Gain to Breakeven | 11.4% | 7.1% |
| Time to Breakeven | 20 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.4% | -33.7% |
| % Gain to Breakeven | 48.0% | 50.9% |
| Time to Breakeven | 154 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.8% | -3.7% |
| % Gain to Breakeven | 12.1% | 3.9% |
| Time to Breakeven | 21 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.4% | -12.2% |
| % Gain to Breakeven | 18.2% | 13.9% |
| Time to Breakeven | 72 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.0% | -17.9% |
| % Gain to Breakeven | 29.8% | 21.8% |
| Time to Breakeven | 115 days | 123 days |
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.
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| Event | BALL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.4% | -9.5% |
| % Gain to Breakeven | 37.8% | 10.5% |
| Time to Breakeven | 51 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.4% | -33.7% |
| % Gain to Breakeven | 48.0% | 50.9% |
| Time to Breakeven | 154 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.0% | -17.9% |
| % Gain to Breakeven | 29.8% | 21.8% |
| Time to Breakeven | 115 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -38.5% | -53.4% |
| % Gain to Breakeven | 62.7% | 114.4% |
| Time to Breakeven | 247 days | 1085 days |
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 (BALL) operates primarily in two distinct sectors: manufacturing aluminum packaging products and providing advanced aerospace technologies. The company is a leading global supplier of sustainable aluminum packaging solutions, serving a wide array of industries.
In its packaging segment, Ball produces aluminum beverage containers for major brands of carbonated soft drinks, beer, and energy drinks, as well as specialty aluminum packaging like aerosol containers for personal care and household products, aluminum cups, and recloseable bottles. Its packaging products are sold to fillers across North and Central America, Europe, the Middle East, Africa, and South America, making it a significant player in the global beverage and consumer goods packaging market.
Beyond packaging, Ball Corporation also has a robust Aerospace segment. This division specializes in developing and manufacturing sophisticated spacecraft, sensors, instruments, and radio frequency systems. They provide critical technologies and services, including satellites, remote sensors, defense hardware, and systems engineering, primarily for civil, commercial, and national security aerospace markets, serving government agencies and their prime contractors.
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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.
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- 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.
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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.
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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. -
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. -
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.
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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.
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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.
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Ball Corporation (BALL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- 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.
- 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.
- 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.
- 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.
Peer Outperformance in Metal, Glass & Plastic Containers
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 43.1% | 129.3% | 154.2% | SCCO 260% · TGB 240% · HBM 224% |
| Steel | 14 | 21.7% | 42.4% | 118.4% | HCC 341% · STLD 273% · RS 175% |
| Gold | 38 | 23.0% | 215.6% | 113.4% | IAG 546% · OGC 392% · AGI 311% |
| Silver | 6 | 47.3% | 321.7% | 98.4% | AYA 294% · HL 156% · SVM 120% |
| Construction Materials | 6 | -12.2% | 19.0% | 38.2% | USLM 351% · CRH 108% · VMC 47% |
| Aluminum | 3 | 12.9% | 121.6% | 25.1% | CENX 160% · AA -7% |
| Metal, Glass & Plastic Containers ← | 11 | 18.0% | 22.3% | 6.5% | GEF 22% · ATR 18% · SLGN 10% |
| Paper & Plastic Packaging Products & Materials | 7 | 20.9% | 17.3% | -5.8% | PKG 120% · CCK 22% · SON -2% |
| Diversified Metals & Mining | 23 | -49.9% | -2.5% | -10.1% | USAR 29296% · SKE 185% · MTRN 124% |
| Diversified Chemicals | 3 | 19.7% | 2.8% | -13.5% | CBT 39% · ASH -14% · CC -50% |
| Specialty Chemicals | 42 | 15.4% | 11.4% | -19.8% | PRM 163% · NEU 127% · ECL 40% |
| Precious Metals & Minerals | 7 | 3.9% | 157.2% | -26.0% | PPTA 334% |
| Commodity Chemicals | 12 | 19.7% | -26.5% | -29.9% | HWKN 332% · MEOH 54% · DOW -31% |
| Fertilizers & Agricultural Chemicals | 10 | 7.5% | 12.5% | -42.0% | CF 110% · CTVA 78% · NTR 25% |
| Paper Products | 4 | -41.8% | -62.7% | -81.1% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Ball Stock Surges 11%, With A 6-Day Winning Spree | 06/17/2026 | |
| Ball Stock Rockets 9.0% With 5-Day Winning Streak | 06/16/2026 | |
| BALL Stock Surges 20% With A 6-day Winning Spree On Analyst Upgrades | 02/11/2026 | |
| BALL Stock Surges 18% With A 5-day Winning Spree On Analyst Upgrades | 02/10/2026 | |
| Ball Earnings Notes | 12/28/2026 | |
| 7-Day Rally Sends Ball Stock Up 12% | 12/19/2025 | |
| 6-Day Rally Sends Ball Stock Up 11% | 12/18/2025 | |
| Ball Stock 5-Day Winning Spree: Stock Climbs 10% | 12/17/2025 | |
| ARTICLES | ||
| Ball Stock: 11 Straight Green Days, Up 13% | 10/20/2026 | |
| Ball Stock 6-Day Winning Spree: Stock Climbs 11% | 06/17/2026 | |
| Ball Stock 5-Day Winning Spree: Stock Climbs 9% | 06/16/2026 | |
| Ball Stock 7-Day Winning Spree: Stock Climbs 12% | 12/19/2025 | |
| Between Silgan and Ball, Which Stock Looks Set to Break Out? | 12/17/2025 |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.72 |
| Mkt Cap | 9.2 |
| Rev LTM | 11,202 |
| Op Inc LTM | 1,069 |
| FCF LTM | 508 |
| FCF 3Y Avg | 334 |
| CFO LTM | 1,024 |
| CFO 3Y Avg | 758 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.9% |
| Rev Chg 3Y Avg | 8.3% |
| Rev Chg Q | 4.1% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 3.8% |
| Op Inc Chg 3Y Avg | 12.6% |
| Op Mgn LTM | 9.5% |
| Op Mgn 3Y Avg | 9.9% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 9.0% |
| CFO/Rev 3Y Avg | 9.7% |
| FCF/Rev LTM | 4.8% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.2 |
| P/S | 0.8 |
| P/Op Inc | 7.6 |
| P/EBIT | 9.7 |
| P/E | 18.1 |
| P/CFO | 8.3 |
| Total Yield | 6.7% |
| Dividend Yield | 3.0% |
| FCF Yield 3Y Avg | 5.5% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Beverage packaging, North and Central America | 6,286 | 5,619 | 5,963 | 6,696 | 5,856 |
| Beverage packaging, Europe, Middle East and Africa (EMEA) | 3,983 | 3,466 | 3,395 | 3,854 | 3,509 |
| Beverage packaging, South America | 2,162 | 1,951 | 1,960 | 2,108 | 2,016 |
| Other | 730 | 759 | 744 | 714 | 519 |
| Aerospace | 1,911 | ||||
| Total | 13,161 | 11,795 | 12,062 | 13,372 | 13,811 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Beverage packaging, North and Central America | 772 | 747 | 710 | 642 | 681 |
| Beverage packaging, Europe, Middle East and Africa (EMEA) | 495 | 416 | 354 | 358 | 452 |
| Beverage packaging, South America | 327 | 296 | 266 | 275 | 348 |
| Aerospace | 169 | ||||
| Intangible amortization | -152 | ||||
| Other | -65 | ||||
| Total | 1,594 | 1,459 | 1,330 | 1,275 | 1,433 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Metal beverage packaging,Americas and Asia | 3,598 | 3,423 | 3,425 | 3,228 | 3,163 |
| Metal beverage packaging, Europe | 2,475 | 2,274 | 2,380 | 2,539 | 2,434 |
| Corporate | 1,774 | -46 | 205 | 288 | |
| Metal food and household products packaging | 1,528 | 1,508 | 1,561 | ||
| Aerospace and technologies | 403 | 412 | 346 | 333 | 284 |
| Corporate assets, net of eliminations | 108 | ||||
| Metal food and household products packaging America | 1,203 | 1,115 | |||
| Total | 9,777 | 7,571 | 7,820 | 7,507 | 7,285 |
Price Behavior
| Market Price | $66.81 | |
| Market Cap ($ Bil) | 17.6 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -1.9% | |
| 50 Days | 200 Days | |
| DMA Price | $61.44 | $60.94 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 8.7% | 9.6% |
| 3M | 1YR | |
| Volatility | 28.7% | 28.0% |
| Downside Capture | -17.68 | -3.39 |
| Upside Capture | 7.89 | 35.15 |
| Correlation (S&P 500) | 0.9% | 6.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.82 | -0.39 | -0.40 | -0.06 | 0.09 | 0.50 |
| Up Beta | -2.68 | -1.66 | -1.22 | -0.05 | 0.26 | 0.56 |
| Down Beta | -1.19 | -1.74 | -1.64 | -0.53 | -0.27 | 0.46 |
| Up Capture | 95% | 41% | 18% | 16% | 28% | 20% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 16 | 24 | 32 | 63 | 130 | 382 |
| Down Capture | -184% | -7% | 5% | -3% | -9% | 71% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 6 | 18 | 31 | 61 | 119 | 366 |
[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 | |
|---|---|---|---|---|
| BALL | 40.2% | 28.0% | 1.18 | - |
| Sector ETF (XLB) | 26.7% | 18.3% | 1.14 | 52.1% |
| Equity (SPY) | 13.3% | 13.7% | 0.65 | 7.3% |
| Gold (GLD) | 3.7% | 28.8% | 0.12 | 17.8% |
| Commodities (DBC) | 38.2% | 21.3% | 1.42 | -26.6% |
| Real Estate (VNQ) | 13.7% | 14.3% | 0.65 | 48.8% |
| Bitcoin (BTCUSD) | -25.3% | 43.6% | -0.55 | -5.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BALL | |
|---|---|---|---|---|
| BALL | -5.1% | 30.8% | -0.14 | - |
| Sector ETF (XLB) | 6.4% | 19.2% | 0.22 | 54.3% |
| Equity (SPY) | 11.8% | 17.3% | 0.51 | 39.5% |
| Gold (GLD) | 17.8% | 19.1% | 0.75 | 9.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 0.9% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 48.3% |
| Bitcoin (BTCUSD) | 4.4% | 51.6% | 0.27 | 14.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BALL | |
|---|---|---|---|---|
| BALL | 6.8% | 28.4% | 0.27 | - |
| Sector ETF (XLB) | 10.7% | 20.7% | 0.45 | 54.1% |
| Equity (SPY) | 15.3% | 18.0% | 0.72 | 47.1% |
| Gold (GLD) | 12.1% | 16.5% | 0.60 | 11.4% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 5.9% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.25 | 49.1% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 11.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | -7.1% | ||
| 8/4/2026 | -2.1% | -3.9% | -3.3% |
| 5/5/2026 | -6.3% | -5.3% | -13.0% |
| 2/3/2026 | 9.0% | 17.6% | 14.6% |
| 11/4/2025 | 1.5% | -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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 11 |
| # Negative | 12 | 14 | 13 |
| Median Positive | 4.2% | 5.3% | 5.2% |
| Median Negative | -6.0% | -4.8% | -6.5% |
| Max Positive | 13.4% | 17.6% | 24.0% |
| Max Negative | -18.6% | -21.1% | -23.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | -7.1% | ||
| 8/4/2026 | -2.1% | -3.9% | -3.3% |
| 5/5/2026 | -6.3% | -5.3% | -13.0% |
| 2/3/2026 | 9.0% | 17.6% | 14.6% |
| 11/4/2025 | 1.5% | -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% |
| 8/1/2024 | 1.1% | -1.4% | -2.3% |
| 4/26/2024 | 6.6% | 3.9% | 5.2% |
| 2/1/2024 | 7.1% | 5.5% | 16.3% |
| 11/2/2023 | 2.7% | 5.1% | 18.9% |
| 8/3/2023 | 3.5% | -3.2% | -4.3% |
| 5/4/2023 | 13.4% | 8.4% | 4.6% |
| 2/2/2023 | 4.2% | -4.4% | -2.0% |
| 11/3/2022 | 6.6% | 3.6% | 17.1% |
| 8/4/2022 | -18.6% | -21.1% | -23.3% |
| 5/5/2022 | -7.7% | -19.2% | -11.3% |
| 1/27/2022 | 8.6% | 9.1% | 5.0% |
| 11/4/2021 | -2.8% | -3.0% | -0.7% |
| 8/5/2021 | 2.2% | 13.3% | 24.0% |
| 5/6/2021 | -2.5% | -5.4% | -11.0% |
| 2/4/2021 | -2.3% | -1.2% | -9.5% |
| 11/5/2020 | 3.2% | 1.8% | 0.2% |
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 11 |
| # Negative | 12 | 14 | 13 |
| Median Positive | 4.2% | 5.3% | 5.2% |
| Median Negative | -6.0% | -4.8% | -6.5% |
| Max Positive | 13.4% | 17.6% | 24.0% |
| Max Negative | -18.6% | -21.1% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/03/2026 | 10-Q |
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/03/2026 | 10-Q |
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/19/2020 | 10-K |
Recent Forward Guidance
Updated 11/4/2026Latest: Q3 2026 Earnings Reported 11/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable Diluted EPS Growth | Reported | 10.0% | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | ||
| 2026 Capital Return to Shareholders | Reported | 800.00 Mil | 800.00 Mil | |||||
| 2026 Free Cash Flow | Reported | 900.00 Mil | 0.0% | Affirmed | Guidance: 900.00 Mil for 2026 | |||
Prior: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable Diluted EPS Growth | Reported | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
| 2026 Free Cash Flow | Reported | 900.00 Mil | 0.0% | Affirmed | Guidance: 900.00 Mil for 2026 | |||
| 2026 Share Repurchases and Dividends | Reported | 800.00 Mil | 0.0% | Affirmed | Guidance: 800.00 Mil for 2026 | |||
Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable Diluted EPS Growth | Reported | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
| 2026 Free Cash Flow | Reported | 900.00 Mil | 900.00 Mil | 0.0% | Affirmed | Guidance: 900.00 Mil for 2026 | ||
| 2026 Share Repurchases and Dividends | Reported | 800.00 Mil | 800.00 Mil | |||||
Q4 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable Diluted EPS Growth | Reported | 10.0% | -25.9% | -3.5% | Lower New | Guidance: 13.5% for 2025 | ||
| 2026 Free Cash Flow | Reported | 900.00 Mil | ||||||
Insider Activity
Updated 10/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Glew, Mandy | SVP and President, EMEA | Direct | Sell | 8262026 | 63.80 | 5,626 | 358,933 | 459,917 | Form |
| 2 | Goodwin, Deron | VP, Global Head of Treasury | Direct | Sell | 8132026 | 63.03 | 8,809 | 555,206 | 319,362 | Form |
| 3 | Villatoro, Fauze | SVP & President South America | Direct | Buy | 3052026 | 64.51 | 1,551 | 100,057 | 888,846 | Form |
| 4 | Pitre, Kathleen | SVP & President NCA | Direct | Sell | 3022026 | 66.63 | 10,660 | 710,320 | 2,450,269 | Form |
| 5 | Carey, Nate C | Vice President & Controller | Direct | Sell | 2062026 | 66.45 | 10,718 | 712,165 | 482,728 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Glew, Mandy | SVP and President, EMEA | Direct | Sell | 8262026 | 63.80 | 5,626 | 358,933 | 459,917 | Form |
| 2 | Goodwin, Deron | VP, Global Head of Treasury | Direct | Sell | 8132026 | 63.03 | 8,809 | 555,206 | 319,362 | Form |
| 3 | Villatoro, Fauze | SVP & President South America | Direct | Buy | 3052026 | 64.51 | 1,551 | 100,057 | 888,846 | Form |
| 4 | Pitre, Kathleen | SVP & President NCA | Direct | Sell | 3022026 | 66.63 | 10,660 | 710,320 | 2,450,269 | Form |
| 5 | Carey, Nate C | Vice President & Controller | Direct | Sell | 2062026 | 66.45 | 10,718 | 712,165 | 482,728 | Form |
Investor Activity (13F)
Updated Nov 10, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Metal, Glass & Plastic Containers Resources |
| Packaging Digest |
| Packaging World |
| Plastics Today |
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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