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Stocks / United States / BALL · Metal Cans · NYSE

Ball Corp. (BALL)

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Ball Corp. (BALL) reported revenue of $4.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 19.7% on the same quarter a year earlier. Net income was $221 million, up 4.2% on the year, and diluted earnings per share $0.83. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$4.0 billionup 19.7%
Net income$221 millionup 4.2%
Diluted EPS$0.83
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE16.5%
ROCEn/a
Operating marginn/a
Net margin6.6%
FCF margin5.8%
Interest covern/a
Debt to equity1.14
Cash conversion1.51
Share count, 1 year-2.7%
Sales CAGR, 3 years-0.5%
Profit CAGR, 3 years8.2%
EPS, TTM$3.51

At the close of 21 September 2026

Price$59.71
Market cap$15.8 billion
Stock P/E17.01
Price to book2.75
EV / EBITDAn/a
Dividend yield1.3%
Market cap / sales1.10
52-week high$67.76
52-week low$46.41
Price, 1 year22.6%
Price CAGR, 3 years6.4%
Price CAGR, 5 years-8.5%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Ball Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BALL

Filings21 in twelve months: 11 current reports (8-K), about 5 officer or director change; 4 results of operations; 3 regulation fd disclosure; 1 shareholder vote; 1 material agreement
Planned insider sales5 Form 144 notices in twelve months, $2.3 million; latest 25 August 2026
Options tapeput/call 1.0 by open interest on 23 September 2026; the straddle prices a 4.4% move to 16 October 2026
Holders9 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.8 million shares short, 5.08 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,5712,9032,8742,9593,0822,8803,0973,3383,3793,3473,6033,997
Gross profit487483477489545480n/an/an/an/an/an/a
Gross margin14%17%17%17%18%17%n/an/an/an/an/an/a
SG&A132130211139142155149137130150150163
Operating income325300196n/an/an/an/an/an/an/an/an/a
Operating margin9%10%7%n/an/an/an/an/an/an/an/an/a
Interest expense12210993.068.067.065.070.081.085.078.078.079.0
Pre-tax income2031911012002277.0229268391240258278
Tax rate1%23%27%24%19%214%23%23%19%21%24%23%
Net income2031543,685158197-32.0179212321200205221
Net margin6%5%128%5%6%-1%6%6%9%6%6%6%
Diluted EPS$0.64$0.49$11.61$0.51$0.65-$0.11$0.63$0.76$1.18$0.73$0.77$0.83
Operating cash flow766736-1,247252610500-6653323841,211-777608
Capital expenditure22221515410611710781.096.0127170161141
Free cash flow544521-1,401146493393-7462362571,041-938467
Buybacks0.00.018248339665155546784.02151.0114
Dividends paid63.063.063.062.060.059.057.055.054.054.054.053.0
Shares outstanding315m283m310m304m298m283m277m272m268m266m266m265m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Revenue8,5707,9979,06110,98311,63511,47411,78113,81113,37212,06211,79513,16114,326
Gross profit1,4341,2951,4201,7571,7981,775n/an/an/an/an/an/an/a
Gross margin16.7%16.2%15.7%16.0%15.5%15.5%n/an/an/an/an/an/an/a
Research and development27.026.028.027.032.044.047.056.055.055.0n/an/an/a
Selling, general and administrative466450512514478417525593555532647566593
Operating income8396054638029359321,0031,2911,2141,273n/an/an/a
Operating margin9.8%7.6%5.1%7.3%8.0%8.1%8.5%9.3%9.1%10.6%n/an/an/a
Interest expense193260229285301317275270313460293314320
Pre-tax income6463461255146336086871,0087136145351,1281,167
Income tax15047.0-12616518571.099.0156138146133240253
Effective tax rate23.2%13.6%-100.8%32.1%29.2%11.7%14.4%15.5%19.4%23.8%24.9%21.3%21.7%
Net income4702812633744545665858787197074,008912947
Net margin5.5%3.5%2.9%3.4%3.9%4.9%5.0%6.4%5.4%5.9%34.0%6.9%6.6%
Diluted EPS$3.30$1.99$1.63$1.05$1.29$1.66$1.76$2.65$2.25$2.23$13.00$3.30$3.51
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Operating cash flow1,0121,0071931,4781,5661,5481,4321,7603011,8631151,2621,426
Capital expenditure3915286065568165981,1131,7261,6511,045484474599
Free cash flow622479-41392275095031934.0-1,350818-369788827
Free cash flow margin7.3%6.0%-4.6%8.4%6.4%8.3%2.7%0.2%-10.1%6.8%-3.1%6.0%5.8%
Depreciation and amortisation281286453729702678668700594605611622641
Share-based compensation25.125.035.046.075.037.043.040.039.033.063.028.0n/a
Buybacks39713610710373996457.07666183.01,7121,321414
Dividends paid73.072.083.0129137182198229254252244220215
Dividend per share$0.52$0.52$0.52$0.36$0.40$0.55$0.60$0.70$0.80$0.80$0.80$0.80n/a
Diluted shares, weighted142m141m161m357m352m340m333m332m320m317m308m276m267m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a265m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Total assets7,5719,69716,17317,16916,55417,36018,25219,71419,90919,30317,62819,52420,110
Cash and equivalents1912245974487211,7981,3665635486958851,212491
Receivables7937541,1581,3431,2801,1861,3442,0222,1071,6701,7362,0572,758
Inventory1,0178981,4131,5261,2711,2741,3531,7952,1791,5311,4772,0132,517
Goodwill2,2542,1765,0954,9334,4754,4194,4844,3784,1954,2504,1724,3794,397
Total debt, as filedn/an/an/an/an/an/an/an/an/a3.026.02.0n/a
Long-term debt3,0495,0287,3896,6316,5187,791n/an/an/an/an/an/an/a
Long-term debt including finance leasesn/an/an/an/an/a6,3377,7837,7227,5407,5045,3126,9916,528
Borrowings, as the company tags themn/a5,1007,4006,6006,5007,8007,800n/an/an/an/a7,052n/a
Operating lease liabilitiesn/an/an/an/an/a181232340349287265283279
Finance lease liabilitiesn/an/an/an/an/an/a10.012.010.07.05.06.05.0
Shareholders' equity1,0331,2513,4353,9413,4582,9493,2753,6273,4613,7695,8625,4215,746
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.1%2.2%-0.5%15.6%
Profit growth, compounded12.5%9.3%8.2%70.3%
Return on equity, average21.6%29.8%34.7%16.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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