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Stock research / United States / OI · Glass Containers · NYSE

O-I Glass, Inc. (OI)

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O-I Glass, Inc. (OI) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 30 June 2026, down 2.2% on the same quarter a year earlier. Net income was -$972 million, and diluted earnings per share $-6.33. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$1.7 billiondown 2.2%
Net income-$972 million
Diluted EPS$-6.33
QuarterQ2 FY2026ended 30 June 2026

O-I Glass (OI) in brief

O-I Glass (OI) reported revenue of $6.4 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before.
Read moreNet loss was $129 million and the diluted loss per share $0.84. Revenue was $6.5 billion in fiscal 2024, $7.1 billion in fiscal 2023, $6.9 billion in fiscal 2022 and $6.4 billion in fiscal 2021. Net income in the same years was a loss of $106 million, a loss of $103 million, $584 million and $149 million. Over the twelve months to 30 June 2026, O-I Glass reported revenue of $6.4 billion and net loss of $1.2 billion. Revenue grew 1.1% a year, compounded, over the five years to fiscal 2025. O-I Glass declared $0.05 a share in dividends over the last four quarters and had 154 million shares outstanding at the latest filed count. At 30 June 2026 it carried $4.8 billion of debt and $339 million of cash. At the close of 9 October 2026 the market cap of O-I Glass was $934 million.

Ratios

From the filings

ROE-213.9%
ROCEn/a
Operating marginn/a
Net margin-18.1%
FCF margin-0.2%
Interest covern/a
Debt to equity8.89
Cash conversionn/a
Share count, 1 year-0.3%
Sales CAGR, 3 years-2.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$7.52

At the close of 9 October 2026

Price$6.08
Market cap$934 million
Stock P/En/a
Price to book1.73
EV / EBITDAn/a
Dividend yield0.8%
Market cap / sales0.15
52-week high$16.63
52-week low$5.57
Price, 1 year-48.9%
Price CAGR, 3 years-27.2%
Price CAGR, 5 years-16.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as O-I Glass, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
OIgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. 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. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on OI

Filings23 in twelve months: 13 current reports (8-K), about 4 results of operations; 4 regulation FD disclosure; 3 officer or director change; 1 material agreement; 1 new financial obligation
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.23 by open interest at the 9 October 2026 close; the straddle prices a 5.8% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 11 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest15.7 million shares short, 3.69 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,7431,6411,5931,7291,6791,5301,5671,7061,6531,5001,5401,668
Cost of revenue1,3791,4091,2751,4261,4641,3211,2871,4071,3531,2701,3411,454
Gross profit364232318303215209280299300230199214
Gross margin21%14%20%18%13%14%18%18%18%15%13%13%
R&D24.027.021.020.020.019.013.011.08.010.09.09.0
SG&A13411612311010310910910610511499.075.0
Operating income82.0-439117104-57.0-12618.07.058.0n/a-53.0-827
Operating margin5%-27%7%6%-3%-8%1%0%4%n/a-3%-50%
Interest expense78.078.078.087.087.083.081.085.091.084.079.086.0
Pre-tax income301n/a235233144136209225235n/a142171
Tax rate9%n/a17%18%13%18%14%3%9%n/a13%81%
Net income51.0-47072.057.0-80.0-155-16.0-5.030.0-138-73.0-972
Net margin3%-29%5%3%-5%-10%-1%-0%2%-9%-5%-58%
Diluted EPS$0.32-$3.05$0.45$0.36-$0.52-$1.00-$0.10-$0.03$0.19-$0.90-$0.48-$6.33
Operating cash flow339381-270250191318-171155214402-29494.0
Capital expenditure19722321316013610813510410093.014295.0
Free cash flow142158-48390.055.0210-30651.0114309-436-1.0
Buybacks10.010.010.010.010.010.010.010.010.010.010.00.0
Shares outstanding155m154m155m154m154m154m155m154m154m152m153m154m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue6,7846,1566,7026,8696,8776,6916,0916,3576,8567,1056,5316,4266,361
Cost of revenue5,5315,0465,4905,5365,5945,4835,1195,2665,6435,6095,4865,3175,418
Gross profit1,2531,1101,3101,3331,2831,2089721,0911,2131,4961,0451,109943
Gross margin18.5%18.0%19.5%19.4%18.7%18.1%16.0%17.2%17.7%21.1%16.0%17.3%14.8%
Research and development63.064.065.060.070.068.075.082.079.092.080.042.036.0
Selling, general and administrative523476503484483439403433496540445434393
Operating incomen/an/an/an/an/an/a35333280567.038.0n/an/a
Operating marginn/an/an/an/an/an/a5.8%5.2%11.7%0.9%0.6%n/an/a
Interest expense230251272268261311265216239342335341340
Pre-tax income307268356275277-26135333296067.038.0-49.0n/a
Income tax92.010611970.010811889.016717815212654.0174
Effective tax rate30.0%39.6%33.4%25.5%39.0%n/a25.2%50.3%18.5%226.9%331.6%n/an/a
Net income164135209180257-400249149584-103-106-129-1,153
Net margin2.4%2.2%3.1%2.6%3.7%-6.0%4.1%2.3%8.5%-1.4%-1.6%-2.0%-18.1%
Diluted EPS$0.99$0.82$1.28$1.10$1.59-$2.58$1.57$0.93$3.67-$0.67-$0.69-$0.84-$7.52
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree 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.

Revenue by segment

FY2025Share
latest year
Americas3,64157.5%
Europe2,68942.5%
AmericasEurope
6,330FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2025Share
latest year
Alcoholic beverages (beer, wine, spirits)3,91061.8%
Food and other1,38421.9%
Non-alcoholic beverages1,03616.4%
Alcoholic beverages (beer, wine, spirits)Food and otherNon-alcoholic beverages
6,330FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
Non-U.S.5,2774,8454,71973.4%
United States1,8281,6861,70726.6%
Non-U.S.United States
7,105FY20236,531FY20246,426FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow675608751721791405457687154818489600416
Capital expenditure369402454441536426311398539688617432430
Free cash flow306206297280255-21.0146289-385130-128168-14.0
Free cash flow margin4.5%3.3%4.4%4.1%3.7%-0.3%2.4%4.5%-5.6%1.8%-2.0%2.6%-0.2%
Cash from investing-455-2,748-417-351-698-43793.0-220-97.0-683-620-368-379
Cash from financing-70.02,057-228-392-53.068.0-557-2736.0-27.0-8.0-250n/a
Depreciation and amortisation418409478488494499468449454483486479482
Share-based compensation21.015.011.018.027.010.011.08.033.043.014.025.022.0
Buybacks32.0100n/an/a16338.0n/a40.040.040.040.040.030.0
Dividends paidn/an/an/an/an/a31.08.0n/an/an/an/an/an/a
Dividend per sharen/an/an/an/a$0.05$0.15$0.05n/an/an/an/an/an/a
Diluted shares, weighted166m162m163m165m162m155m159m160m159m155m155m154m153m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a154m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe 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 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity6541712548087864672977201,4171,6091,0791,294539
Non-controlling interest11710810911911497.0104107111135126151n/a
Short-term borrowings12716016215112775.055.034.045.010611096.0n/a
Debt2,9575,3455,1335,1215,1815,4354,9454,7534,3714,6984,5534,8374,793
Operating lease liabilitiesn/an/an/an/an/a13893.078.0189184169151n/a
Finance lease liabilitiesn/an/an/an/an/a63.092.084.0119151163136n/a
Other liabilities4,0033,6373,4773,5573,4913,3353,2963,0562,8092,7862,4542,5782,756
Total liabilities and equity7,8589,4219,1359,7569,6999,6108,8828,8329,0619,6698,6549,2438,088
Owned
Fixed assets2,4452,9612,8803,1313,0853,2732,9072,8172,9623,5553,2963,4473,451
Goodwill1,8932,4892,4622,5902,5131,9341,9511,8401,8131,4731,3211,487608
Intangible assets18.0597464439400371325286262254198188178
Cash and equivalents512399492492512551563725773913734759339
Receivables549562580663549621623692760671572601883
Inventory1,0351,0079831,0361,0181,0458418168481,0719631,002947
Other assets1,4061,4061,2741,4051,6221,8151,6721,6561,6431,7321,5701,7591,682
Total assets7,8589,4219,1359,7569,6999,6108,8828,8329,0619,6698,6549,2438,088
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.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.4%1.1%-2.1%-1.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, average17.1%7.1%-8.7%-10.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn 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.

Questions

What was O-I Glass' revenue in fiscal 2025?

O-I Glass (OI) reported revenue of $6.4 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before.

How much did O-I Glass earn in fiscal 2025?

Net loss was $129 million for fiscal 2025, and the diluted loss per share $0.84.

What is O-I Glass' market cap?

The market cap of O-I Glass was $934 million at the close of 9 October 2026.

Does O-I Glass pay a dividend?

Yes. O-I Glass declared $0.05 a share in dividends over the four quarters to 30 June 2026.

How much debt does O-I Glass have?

At 30 June 2026 O-I Glass carried $4.8 billion of debt and $339 million of cash.

Peers: Shipping Containers

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Smurfit Westrock plc SW$21.7 billion43.942.8%4.7%1.7%0.734.2%
Packaging Corp. of America PKG$20.6 billion29.9514.8%10.9%10.3%0.852.2%
Ball Corp. BALL$15.5 billion16.5616.5%n/a15.6%1.141.4%
Crown Holdings, Inc. CCK$11.8 billion15.5727.3%12.3%10.3%2.101.0%
Sonoco Products Co. SON$4.7 billion7.6217.5%13.9%17.7%0.974.4%
Silgan Holdings Inc. SLGN$3.7 billion13.9011.4%n/a8.4%2.042.3%
Graphic Packaging Holding Co. GPK$2.5 billion12.666.0%5.8%0.0%1.71n/a
O-I Glass, Inc. OI$934 millionn/a-213.9%n/a-1.9%8.890.8%
Greif, Inc. GEFn/an/a11.2%11.0%-4.7%0.23n/a
No other company here shares its SEC industry code (Glass Containers); these are the names nearest in size in its wider industry, Shipping Containers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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