Ball
Aluminum packaging maker focused on beverage cans and adjacent personal-care containers.
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Profile
Ball sells aluminum packaging for beverage, personal care, and household-products customers. After selling Ball Aerospace, it reports mainly through regional beverage-packaging segments and depends on long customer contracts, plant capacity, and demand from drink fillers.
Ball makes aluminum packaging for beverage, personal care, and household-products customers, with its reportable business organized around beverage packaging in North and Central America, EMEA, and South America. The company is post-aerospace: after selling Ball Aerospace, its profile narrowed around regional can manufacturing, targeted packaging acquisitions, and non-reportable personal and household packaging activities.
North and Central America is the largest region, while EMEA and South America give the company a broad international footprint. Ball executes through manufacturing scale, multi-year supply contracts with drink fillers, capacity additions, and an operating model tied to the Ball Business System and EVA discipline. The business depends on beverage-filler demand, aluminum-container production, regional plant utilization, and regulatory remedies that can shape large packaging acquisitions.
Company facts
Categories
Key statistics
Year to date +19.5% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Truist Financial | Target | $75 | $78 | ||
| Aug 5, 2026 | Mizuho Securities | Target | $70 | $72 | ||
| Aug 5, 2026 | Citigroup | Downgrade | Buy | Reduce | ||
| Aug 5, 2026 | JP Morgan | Downgrade | Overweight | Neutral | ||
| Jul 9, 2026 | RBC Capital | Reiterate | Outperform | $67 | $77 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.99 | $1.03 | +4.1% | $3.69B | $4.00B | +8.3% | −2.15% |
| May 5, 2026Q1 FY26 | $0.85 | $0.94 | +10.6% | $3.34B | $3.60B | +7.8% | +3.31% |
| Feb 3, 2026Q4 FY25 | $0.90 | $0.91 | +1.1% | $3.11B | $3.35B | +7.5% | +4.92% |
| Nov 4, 2025Q3 FY25 | $1.02 | $1.02 | 0.0% | $3.32B | $3.37B | +1.6% | +2.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.10B | $3.32B | $3.37B | $3.35B | $3.60B | $4.00B | |
| Gross profit | $456.0M | $483.0M | $523.0M | $489.0M | $646.0M | $697.0M | |
| Operating income | $345.0M | $178.0M | $397.0M | $339.0M | $337.0M | $512.0M | |
| Net income | $179.0M | $212.0M | $321.0M | $199.0M | $205.0M | $221.0M | |
| Diluted EPS | $0.63 | $0.76 | $1.18 | $0.74 | $0.77 | $0.82 | |
| Gross margin | 14.7% | 14.5% | 15.5% | 14.6% | 17.9% | 17.4% | |
| Operating margin | 11.1% | 5.4% | 11.8% | 10.1% | 9.4% | 12.8% |
Fiscal years (4-quarter sums)FY21 $13.93B · FY22 $15.29B · FY23 $12.02B · FY24 $11.80B · FY25 $13.14B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $491.0M · Total debt $7.22B · Total assets $20.11B · Shareholders' equity $5.75B
Dividends
Raised for 31 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.20 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.20 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.20 | |
| Sep 2, 2025 | Sep 2 | Sep 16 | $0.20 | |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.20 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.20 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.20 | |
| Sep 3, 2024 | Sep 3 | Sep 17 | $0.20 |
Ownership
Shares outstanding 266.25M · Float 265.50M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 21.01M | 7.89% | 13F | Aug 7, 2026 |
| T. Rowe Price Associates, Inc. | 17.93M | 6.60% | 13G | Nov 14, 2025 |
| Vanguard Capital Management LLC | 17.42M | 6.54% | 13F | Aug 13, 2026 |
| State Street Corp | 13.42M | 5.04% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 12.31M | 4.63% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Mandy Glew | officer: SVP and President, EMEA | −5,626 | $63.80 |
| Aug 11, 2026 | Deron Goodwin | officer: VP, Global Head of Treasury | −8,809 | $63.03 |
| Mar 4, 2026 | Fauze Villatoro | officer: SVP & President South America | +1,551 | $64.51 |
| Mar 2, 2026 | Kathleen Pitre | officer: SVP & President NCA | −10,660 | $66.63 |
| Feb 5, 2026 | Nate C. Carey | officer: Vice President & Controller | −10,718 | $66.45 |
Peers
- Crown
Direct scale peer in global beverage cans and tinplate adjacencies
- Ardagh Metal Packaging
Pure-play metal beverage-can challenger in Europe and the Americas
- Amcor
PET and rigid-plastic alternative for beverage and personal-care packs
- O-I Glass
Glass-bottle substitute in beer, soft drinks, and premium beverages
- Silgan
Adjacent metal and closure supplier for food, beverage, and home care
- Sonoco Products
Metal-food, aerosol, and paper-packaging peer after Eviosys
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ball | $63.61 | −0.25% | $16.98B | 18.2 | 15.2 | 1.2 | +19.7% |
| Crown | $118.44 | 0.00% | $12.88B | 17.0 | 14.0 | 1.0 | +16.5% |
| Ardagh Metal Packaging | $5.15 | +0.10% | $3.07B | 99.2 | 17.7 | 0.5 | +17.7% |
| Amcor | $46.80 | +0.28% | $21.58B | 19.6 | 10.7 | 0.9 | +25.9% |
| O-I Glass | $7.39 | +0.07% | $1.14B | — | 6.7 | 0.2 | −2.2% |
| Silgan | $42.10 | −0.02% | $4.45B | 16.6 | 10.8 | 0.7 | +6.8% |
| Sonoco Products | $56.47 | +0.02% | $5.58B | 8.7 | 9.4 | 0.7 | −1.3% |
| Median | 17.0 | 10.8 | 0.7 | +11.6% |