Ball (BALL) Financials

$53.23 +0.38 (+0.72%)

As of 01:07 PM Eastern

Annual Income Statements for Ball

This table shows Ball's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,008	707	719	878	585	566	454	374	263	281
Consolidated Net Income / (Loss)	4,014	711	732	878	582	536	453	380	266	303
Net Income / (Loss) Continuing Operations	430	488	582	878	582	536	453	380	266	303
Total Pre-Tax Income	535	614	713	1,008	687	608	633	514	125	346
Total Operating Income	763	1,038	1,030	1,291	1,003	932	935	802	463	606
Total Gross Profit	2,441	2,308	2,250	2,726	2,458	2,271	2,306	2,266	1,765	1,537
Total Revenue	11,795	12,062	13,372	13,811	11,781	11,474	11,635	10,983	9,061	7,997
Operating Revenue	11,795	12,062	13,372	13,811	11,781	11,474	11,635	10,983	9,061	7,997
Total Cost of Revenue	9,354	9,754	11,122	11,085	9,323	9,203	9,329	8,717	7,296	6,460
Operating Cost of Revenue	9,354	9,754	11,122	11,085	9,323	9,203	9,329	8,717	7,296	6,460
Total Operating Expenses	1,678	1,270	1,220	1,435	1,455	1,339	1,371	1,464	1,302	931
Selling, General & Admin Expense	647	532	555	593	525	417	478	514	512	450
Depreciation Expense	611	605	594	700	668	678	702	729	453	286
Restructuring Charge	420	133	71	142	262	244	191	221	337	195
Total Other Income / (Expense), net	-228	-424	-317	-283	-316	-324	-302	-288	-338	-260
Interest Expense	296	460	331	283	316	324	302	288	338	260
Interest & Investment Income	68	36	14	-	-	-	-	-	-	-
Income Tax Expense	133	146	138	156	99	71	185	165	-126	47
Other Gains / (Losses), net	28	20	7.00	26	-6.00	-1.00	5.00	31	15	4.00
Net Income / (Loss) Discontinued Operations	3,584	223	150	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	6.00	4.00	13	0.00	-3.00	-30	-1.00	6.00	3.00	22
Basic Earnings per Share	$13.12	$2.25	$2.27	$2.69	$1.79	$1.71	$1.32	$1.07	$0.83	$1.02
Weighted Average Basic Shares Outstanding	305.46M	314.78M	316.43M	325.99M	326.26M	331.10M	344.80M	350.27M	316.54M	274.60M
Diluted Earnings per Share	$13.00	$2.23	$2.25	$2.65	$1.76	$1.66	$1.29	$1.05	$0.81	$1.00
Weighted Average Diluted Shares Outstanding	308.21M	317.02M	320.01M	331.62M	332.82M	340.12M	352.32M	356.99M	322.88M	281.97M
Weighted Average Basic & Diluted Shares Outstanding	282.82M	315.64M	314.42M	0.00	327.93M	325.77M	334.34M	349.50M	316.90M	137.10M
Cash Dividends to Common per Share	$0.80	$0.80	$0.80	$0.70	$0.60	$0.55	$0.40	$0.37	$0.26	$0.26

This table shows Ball's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	179	-32	197	158	3,685	154	203	173	177	55	392
Consolidated Net Income / (Loss)	179	-30	199	159	3,686	154	204	173	180	56	394
Net Income / (Loss) Continuing Operations	181	-1.00	193	159	79	102	133	125	128	-94	394
Total Pre-Tax Income	229	7.00	227	200	101	134	175	151	154	-95	444
Total Operating Income	292	-49	365	251	196	226	285	260	267	4.00	523
Total Gross Profit	604	591	657	602	591	599	599	561	549	185	676
Total Revenue	3,097	2,880	3,082	2,959	2,874	2,903	3,111	3,067	2,981	1,571	3,951
Operating Revenue	3,097	2,880	3,082	2,959	2,874	2,903	3,111	3,067	2,981	1,571	3,951
Total Cost of Revenue	2,493	2,289	2,425	2,357	2,283	2,304	2,512	2,506	2,432	1,386	3,275
Operating Cost of Revenue	2,493	2,289	2,425	2,357	2,283	2,304	2,512	2,506	2,432	1,386	3,275
Total Operating Expenses	312	640	292	351	395	373	314	301	282	181	153
Selling, General & Admin Expense	149	155	142	139	211	127	133	157	115	49	159
Depreciation Expense	150	151	150	152	158	156	152	150	147	84	157
Restructuring Charge	13	-	-	60	26	90	29	-6.00	20	48	-163
Total Other Income / (Expense), net	-63	56	-138	-51	-95	-92	-110	-109	-113	-99	-79
Interest Expense	70	65	67	69	95	109	122	116	113	113	79
Interest & Investment Income	7.00	-	14	18	-	-	12	7.00	-	-	-
Income Tax Expense	53	15	42	49	27	39	45	29	33	-1.00	38
Other Gains / (Losses), net	5.00	7.00	8.00	8.00	5.00	7.00	3.00	3.00	7.00	-	-12
Net Income / (Loss) Discontinued Operations	-2.00	-29	6.00	0.00	3,607	52	71	48	52	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	2.00	2.00	1.00	1.00	-	1.00	0.00	3.00	1.00	2.00
Basic Earnings per Share	$0.63	$0.26	$0.65	$0.51	$11.70	$0.50	$0.64	$0.55	$0.56	$0.18	$1.25
Weighted Average Basic Shares Outstanding	283.29M	305.46M	302.41M	309.27M	314.95M	314.78M	314.98M	314.56M	314.24M	316.43M	314.05M
Diluted Earnings per Share	$0.63	$0.23	$0.65	$0.51	$11.61	$0.48	$0.64	$0.55	$0.56	$0.19	$1.24
Weighted Average Diluted Shares Outstanding	285.07M	308.21M	305.22M	311.96M	317.39M	317.02M	317.30M	316.87M	316.67M	320.01M	317.06M
Weighted Average Basic & Diluted Shares Outstanding	277.42M	282.82M	298.43M	303.57M	310.38M	315.64M	315.30M	315.06M	314.55M	314.42M	313.92M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20

This table details how cash moves in and out of Ball's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	221	152	-21	-802	-425	1,078	269	-148	-1,776	33
Net Cash From Operating Activities	115	1,863	301	1,760	1,432	1,548	1,566	1,478	193	1,007
Net Cash From Continuing Operating Activities	115	1,863	301	1,760	1,432	1,548	1,566	1,478	193	1,007
Net Income / (Loss) Continuing Operations	4,014	711	732	878	582	536	453	380	266	303
Consolidated Net Income / (Loss)	4,014	711	732	878	582	536	453	380	266	303
Depreciation Expense	620	686	672	700	668	678	702	729	453	286
Non-Cash Adjustments To Reconcile Net Income	-4,246	111	-53	-74	262	244	286	221	337	195
Changes in Operating Assets and Liabilities, net	-273	355	-1,050	256	-80	90	125	148	-863	223
Net Cash From Investing Activities	5,003	-1,053	-786	-1,639	-1,181	-422	-206	-545	-1,283	-2,721
Net Cash From Continuing Investing Activities	5,003	-1,053	-786	-1,639	-1,181	-422	-206	-545	-1,283	-2,721
Purchase of Property, Plant & Equipment	-484	-1,045	-1,651	-1,726	-1,113	-598	-816	-556	-606	-528
Acquisitions	-74	0.00	0.00	-	-69	0.00	0.00	-2.00	-3,368	-29
Divestitures	5,422	0.00	759	112	-17	160	539	-	2,938	1.00
Other Investing Activities, net	139	-8.00	106	-25	18	16	71	13	5.00	-2,149
Net Cash From Financing Activities	-4,790	-662	485	-894	-602	-46	-1,040	-1,073	-387	1,737
Net Cash From Continuing Financing Activities	-4,790	-662	485	-894	-602	-46	-1,040	-1,073	-387	1,737
Repayment of Debt	-3,484	-2,458	-3,494	-749	-2,899	-1,738	-1,667	-1,817	-4,615	-2,615
Repurchase of Common Equity	-1,712	-3.00	-618	-766	-57	-945	-739	-103	-107	-136
Payment of Dividends	-244	-252	-254	-229	-198	-182	-137	-129	-83	-72
Issuance of Debt	650	2,051	4,851	850	2,552	2,819	1,475	949	4,370	4,524
Effect of Exchange Rate Changes	-107	4.00	-21	-29	-74	-2.00	-51	-8.00	-299	10

This table details how cash moves in and out of Ball's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-464	-513	96	-377	1,015	-639	381	374	36	62	-10
Net Cash From Operating Activities	-665	500	610	252	-1,247	736	766	636	-275	525	174
Net Cash From Continuing Operating Activities	-665	500	610	252	-1,247	736	766	636	-275	525	174
Net Income / (Loss) Continuing Operations	179	-30	199	159	3,686	154	204	173	180	56	394
Consolidated Net Income / (Loss)	179	-30	199	159	3,686	154	204	173	180	56	394
Depreciation Expense	150	151	150	152	167	177	173	170	166	162	157
Non-Cash Adjustments To Reconcile Net Income	8.00	301	77	55	-4,679	63	43	-11	16	37	-168
Changes in Operating Assets and Liabilities, net	-1,002	78	184	-114	-421	342	346	304	-637	270	-209
Net Cash From Investing Activities	-207	-178	-23	-88	5,292	-227	-222	-268	-336	-334	44
Net Cash From Continuing Investing Activities	-207	-178	-23	-88	5,292	-227	-222	-268	-336	-334	44
Purchase of Property, Plant & Equipment	-81	-107	-117	-106	-154	-215	-222	-265	-343	-389	-443
Acquisitions	-159	-	-	-	-	-	-	-	-	-	-
Divestitures	1.00	-	-	-	5,422	-	-	-	0.00	11	450
Other Investing Activities, net	32	3.00	94	18	24	-12	-	-3.00	7.00	44	37
Net Cash From Financing Activities	396	-792	-502	-518	-2,978	-1,152	-154	-5.00	649	-138	-211
Net Cash From Continuing Financing Activities	396	-792	-502	-518	-2,978	-1,152	-154	-5.00	649	-138	-211
Repayment of Debt	-342	-282	-46	27	-3,183	-1,440	-91	-1,042	115	-1,524	-294
Repurchase of Common Equity	-555	-651	-396	-483	-182	-	-	-	-3.00	-1.00	-39
Payment of Dividends	-57	-59	-60	-62	-63	-63	-63	-63	-63	-63	-63
Issuance of Debt	1,350	200	-	-	450	351	-	1,100	600	1,450	185
Effect of Exchange Rate Changes	12	-43	11	-23	-52	4.00	-9.00	11	-2.00	9.00	-17

This table presents Ball's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	17,628	19,303	19,909	19,714	18,252	17,360	16,554	17,169	16,173	9,697
Total Current Assets	4,841	4,883	5,489	5,223	4,675	4,884	3,940	3,758	3,653	2,184
Cash & Equivalents	885	695	548	563	1,366	1,798	721	448	597	224
Accounts Receivable	2,166	2,057	2,594	2,560	1,738	1,631	1,802	1,634	1,491	885
Inventories, net	1,477	1,531	2,179	1,795	1,353	1,274	1,271	1,526	1,413	898
Other Current Assets	169	231	168	305	218	181	146	150	152	177
Other Current Nonoperating Assets	144	369	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	7,053	6,502	0.00	0.00	4,542	4,610	4,387	2,686
Total Noncurrent Assets	12,787	14,420	7,367	7,989	13,577	12,476	8,072	8,801	8,133	4,827
Goodwill	4,172	4,250	4,235	4,378	4,484	4,419	4,475	4,933	5,095	2,177
Intangible Assets	1,080	1,248	1,417	1,688	1,883	2,002	2,188	2,462	1,934	195
Other Noncurrent Operating Assets	7,535	8,069	1,715	1,923	7,210	6,055	1,409	1,406	1,104	301
Other Noncurrent Nonoperating Assets	0.00	853	-	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	17,628	19,303	19,909	19,714	18,252	17,360	16,554	17,169	16,173	9,697
Total Liabilities	11,698	15,466	16,382	16,029	14,915	14,341	12,992	13,123	12,632	8,436
Total Current Liabilities	4,847	6,185	7,008	5,953	4,444	5,577	4,095	4,107	2,969	2,142
Short-Term Debt	361	1,065	1,408	15	17	1,480	219	453	222	77
Accounts Payable	3,418	3,661	4,383	4,759	3,430	3,136	3,095	2,762	2,033	1,501
Current Employee Benefit Liabilities	303	245	236	349	347	285	289	352	315	229
Other Current Liabilities	725	779	981	830	650	676	492	540	399	335
Other Current Nonoperating Liabilities	40	435	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	6,851	9,281	9,374	10,076	10,471	8,764	8,897	9,016	9,663	6,294
Long-Term Debt	5,312	7,504	7,540	7,722	7,783	6,337	6,510	6,518	7,310	4,974
Noncurrent Deferred & Payable Income Tax Liabilities	594	421	540	665	634	561	645	695	439	173
Noncurrent Employee Benefit Liabilities	577	735	847	1,205	1,613	1,486	1,455	1,463	1,497	1,147
Other Noncurrent Operating Liabilities	368	384	447	484	441	380	287	340	417	-
Other Noncurrent Nonoperating Liabilities	0.00	237	-	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	5,930	3,837	3,527	3,685	3,337	3,019	3,562	4,046	3,541	1,261
Total Preferred & Common Equity	5,862	3,769	3,461	3,627	3,275	2,949	3,458	3,941	3,435	1,251
Total Common Equity	5,862	3,769	3,461	3,627	3,275	2,949	3,458	3,941	3,435	1,251
Common Stock	1,395	1,312	1,260	1,220	1,167	1,178	1,157	1,084	1,038	962
Retained Earnings	11,527	7,763	7,309	6,843	6,192	5,803	5,341	4,987	4,739	4,557
Treasury Stock	-6,057	-4,390	-4,429	-3,854	-3,130	-	-	-1,474	-1,401	-3,628
Accumulated Other Comprehensive Income / (Loss)	-1,003	-916	-679	-582	-954	-910	-835	-656	-941	-640
Noncontrolling Interest	68	68	66	58	62	70	104	105	106	10

This table presents Ball's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	18,039	17,628	18,824	18,961	19,898	19,303	19,932	20,171	20,109	19,909	20,053
Total Current Assets	5,040	4,841	5,607	5,752	6,524	4,883	5,408	5,435	5,507	5,489	5,812
Cash & Equivalents	449	885	1,440	1,346	1,719	695	1,335	955	572	548	473
Accounts Receivable	2,637	2,166	2,655	2,711	3,050	2,057	2,059	2,291	2,561	2,594	2,877
Inventories, net	1,642	1,477	1,385	1,426	1,498	1,531	1,688	1,982	2,191	2,179	2,201
Other Current Assets	212	169	113	229	225	231	326	207	183	168	261
Other Current Nonoperating Assets	100	144	-	-	-	369	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	6,550	6,547	6,634	0.00	7,264	7,280	7,203	7,053	6,738
Total Noncurrent Assets	12,999	12,787	6,667	6,662	6,740	14,420	7,260	7,456	7,399	7,367	7,503
Goodwill	4,241	4,172	4,244	4,190	4,211	4,250	4,222	4,269	4,255	4,235	4,119
Intangible Assets	1,062	1,080	1,138	1,159	1,199	1,248	1,315	1,366	1,389	1,417	1,410
Other Noncurrent Operating Assets	7,696	7,535	1,285	1,313	1,330	8,069	1,723	1,821	1,755	1,715	1,974
Total Liabilities & Shareholders' Equity	18,039	17,628	18,824	18,961	19,898	19,303	19,932	20,171	20,109	19,909	20,053
Total Liabilities	12,470	11,698	12,069	11,978	12,521	15,466	15,924	16,266	16,401	16,382	16,504
Total Current Liabilities	4,845	4,847	5,124	4,889	5,384	6,185	6,715	6,926	7,220	7,008	6,189
Short-Term Debt	583	361	452	276	281	1,065	2,108	2,245	2,356	1,408	470
Accounts Payable	3,226	3,418	3,261	3,174	3,257	3,661	3,294	3,433	3,647	4,383	4,527
Current Employee Benefit Liabilities	210	303	308	266	257	245	310	267	250	236	294
Other Current Liabilities	804	725	1,103	1,173	1,589	779	1,003	981	967	981	898
Other Current Nonoperating Liabilities	22	40	-	-	-	435	-	-	-	-	-
Total Noncurrent Liabilities	7,625	6,851	6,945	7,089	7,137	9,281	9,209	9,340	9,181	9,374	10,315
Long-Term Debt	6,134	5,312	5,353	5,517	5,519	7,504	7,483	7,507	7,322	7,540	8,363
Noncurrent Deferred & Payable Income Tax Liabilities	580	594	592	590	591	421	445	524	547	540	569
Noncurrent Employee Benefit Liabilities	541	577	630	624	645	735	813	840	824	847	904
Other Noncurrent Operating Liabilities	370	368	370	358	382	384	468	469	488	447	479
Total Equity & Noncontrolling Interests	5,569	5,930	6,755	6,983	7,377	3,837	4,008	3,905	3,708	3,527	3,549
Total Preferred & Common Equity	5,501	5,862	6,683	6,913	7,308	3,769	3,938	3,836	3,639	3,461	3,479
Total Common Equity	5,501	5,862	6,683	6,913	7,308	3,769	3,938	3,836	3,639	3,461	3,479
Common Stock	1,401	1,395	1,384	1,370	1,352	1,312	1,304	1,291	1,268	1,260	1,247
Retained Earnings	11,649	11,527	11,618	11,481	11,386	7,763	7,673	7,533	7,422	7,309	7,316
Treasury Stock	-6,607	-6,057	-5,407	-5,017	-4,537	-4,390	-4,397	-4,406	-4,414	-4,429	-4,436
Accumulated Other Comprehensive Income / (Loss)	-942	-1,003	-912	-921	-893	-916	-642	-582	-637	-679	-648
Noncontrolling Interest	68	68	72	70	69	68	70	69	69	66	70

This table displays calculated financial ratios and metrics derived from Ball's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.21%	-9.80%	-3.18%	17.23%	2.68%	-1.38%	5.94%	21.21%	13.31%	-6.69%
EBITDA Growth	-19.78%	1.29%	-14.52%	19.15%	3.79%	-1.65%	6.92%	67.14%	2.69%	-20.36%
EBIT Growth	-26.49%	0.78%	-20.22%	28.71%	7.62%	-0.32%	16.58%	73.22%	-23.60%	-27.77%
NOPAT Growth	-27.54%	-4.75%	-23.88%	27.11%	4.29%	24.39%	21.52%	-41.43%	77.53%	-18.71%
Net Income Growth	464.56%	-2.87%	-16.63%	50.86%	8.58%	18.32%	19.21%	42.86%	-12.21%	-39.16%
EPS Growth	482.96%	-0.89%	-15.09%	50.57%	6.02%	28.68%	22.86%	29.63%	-12.21%	-39.16%
Operating Cash Flow Growth	-93.83%	518.94%	-82.90%	22.91%	-7.49%	-1.15%	5.95%	665.80%	-80.83%	-0.49%
Free Cash Flow Firm Growth	-28.05%	756.06%	-7,511.82%	-97.45%	-90.74%	-18.40%	267.79%	108.05%	-795.64%	-21.84%
Invested Capital Growth	-4.90%	-6.42%	9.84%	11.14%	8.11%	-5.56%	-9.45%	0.89%	166.29%	-6.71%
Revenue Q/Q Growth	-0.19%	12.41%	-13.59%	4.32%	3.36%	-0.73%	0.48%	2.08%	8.61%	-2.76%
EBITDA Q/Q Growth	-17.87%	15.94%	-18.99%	5.29%	5.76%	0.19%	-8.80%	16.16%	13.93%	-0.56%
EBIT Q/Q Growth	-26.49%	27.21%	-26.74%	6.96%	9.86%	0.87%	-13.10%	28.32%	7.42%	-1.25%
NOPAT Q/Q Growth	-27.60%	33.80%	-31.73%	8.07%	11.19%	-4.97%	8.50%	21.69%	-23.87%	1.06%
Net Income Q/Q Growth	-4.38%	15.99%	-24.77%	8.66%	20.00%	-3.42%	-2.16%	39.19%	-4.66%	-7.17%
EPS Q/Q Growth	-1.89%	14.95%	-23.99%	8.61%	14.29%	-1.19%	-4.44%	38.16%	-4.66%	-7.17%
Operating Cash Flow Q/Q Growth	-67.24%	12.77%	-54.39%	-10.34%	15.76%	29.54%	-11.07%	7.88%	939.13%	5.01%
Free Cash Flow Firm Q/Q Growth	-42.54%	558.89%	-265.11%	-95.13%	-85.17%	88.15%	16.30%	-58.25%	4.71%	-10.12%
Invested Capital Q/Q Growth	-4.43%	-8.99%	0.15%	0.21%	-1.22%	-9.31%	-2.55%	-0.65%	-7.06%	-5.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.70%	19.13%	16.83%	19.74%	20.86%	19.79%	19.82%	20.63%	19.48%	19.22%
EBITDA Margin	11.73%	14.29%	12.73%	14.42%	14.18%	14.03%	14.07%	13.94%	10.11%	11.15%
Operating Margin	6.47%	8.61%	7.70%	9.35%	8.51%	8.12%	8.04%	7.30%	5.11%	7.58%
EBIT Margin	6.47%	8.61%	7.70%	9.35%	8.51%	8.12%	8.04%	7.30%	5.11%	7.58%
Profit (Net Income) Margin	34.03%	5.89%	5.47%	6.36%	4.94%	4.67%	3.89%	3.46%	2.94%	3.79%
Tax Burden Percent	750.28%	115.80%	102.66%	87.10%	84.72%	88.16%	71.56%	73.93%	212.80%	87.57%
Interest Burden Percent	70.12%	59.15%	69.22%	78.08%	68.49%	65.24%	67.70%	64.09%	27.00%	57.10%
Effective Tax Rate	24.86%	23.78%	19.35%	15.48%	14.41%	11.68%	29.23%	32.10%	-100.80%	13.58%
Return on Invested Capital (ROIC)	5.27%	6.85%	7.29%	10.58%	9.13%	8.85%	6.57%	5.18%	12.90%	12.85%
ROIC Less NNEP Spread (ROIC-NNEP)	62.57%	5.83%	6.02%	7.45%	4.69%	4.07%	3.24%	2.73%	-0.91%	5.04%
Return on Net Nonoperating Assets (RNNOA)	76.93%	12.46%	13.01%	14.43%	9.19%	7.44%	5.34%	4.84%	-1.82%	11.38%
Return on Equity (ROE)	82.20%	19.31%	20.30%	25.01%	18.31%	16.29%	11.91%	10.02%	11.08%	24.23%
Cash Return on Invested Capital (CROIC)	10.29%	13.49%	-2.08%	0.03%	1.33%	14.57%	16.49%	4.29%	-77.89%	19.80%
Operating Return on Assets (OROA)	4.13%	5.29%	5.20%	6.80%	5.63%	5.50%	5.55%	4.81%	3.58%	7.02%
Return on Assets (ROA)	21.74%	3.63%	3.69%	4.63%	3.27%	3.16%	2.69%	2.28%	2.06%	3.51%
Return on Common Equity (ROCE)	81.05%	18.96%	19.95%	24.58%	17.93%	15.86%	11.58%	9.74%	10.81%	22.14%
Return on Equity Simple (ROE_SIMPLE)	68.47%	18.86%	21.15%	24.21%	17.77%	18.18%	13.10%	9.64%	7.74%	24.22%
Net Operating Profit after Tax (NOPAT)	573	791	831	1,091	858	823	662	545	930	524
NOPAT Margin	4.86%	6.56%	6.21%	7.90%	7.29%	7.17%	5.69%	4.96%	10.26%	6.55%
Net Nonoperating Expense Percent (NNEP)	-57.31%	1.02%	1.27%	3.13%	4.44%	4.78%	3.33%	2.45%	13.82%	7.81%
Return On Investment Capital (ROIC_SIMPLE)	4.94%	6.38%	6.66%	9.55%	7.71%	7.60%	6.43%	4.94%	8.40%	8.30%
Cost of Revenue to Revenue	79.30%	80.87%	83.17%	80.26%	79.14%	80.21%	80.18%	79.37%	80.52%	80.78%
SG&A Expenses to Revenue	5.49%	4.41%	4.15%	4.29%	4.46%	3.63%	4.11%	4.68%	5.65%	5.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.23%	10.53%	9.12%	10.39%	12.35%	11.67%	11.78%	13.33%	14.37%	11.64%
Earnings before Interest and Taxes (EBIT)	763	1,038	1,030	1,291	1,003	932	935	802	463	606
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,383	1,724	1,702	1,991	1,671	1,610	1,637	1,531	916	892
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.95	4.72	4.50	8.16	8.85	6.77	4.22	3.11	1.75	3.61
Price to Tangible Book Value (P/TBV)	28.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.46	1.48	1.16	2.14	2.46	1.74	1.25	1.12	0.66	0.56
Price to Earnings (P/E)	4.31	25.17	21.65	33.70	49.52	35.25	32.13	32.82	22.90	16.08
Dividend Yield	1.46%	1.41%	1.61%	0.76%	0.68%	0.90%	0.93%	1.23%	1.51%	1.57%
Earnings Yield	23.21%	3.97%	4.62%	2.97%	2.02%	2.84%	3.11%	3.05%	4.37%	6.22%
Enterprise Value to Invested Capital (EV/IC)	2.08	2.31	2.01	3.39	3.63	2.88	2.16	1.79	1.25	1.83
Enterprise Value to Revenue (EV/Rev)	1.88	2.13	1.80	2.67	3.01	2.27	1.78	1.72	1.44	0.90
Enterprise Value to EBITDA (EV/EBITDA)	16.00	14.93	14.12	18.49	21.22	16.18	12.64	12.35	14.26	8.07
Enterprise Value to EBIT (EV/EBIT)	29.00	24.79	23.33	28.52	35.36	27.94	22.14	23.57	28.21	11.88
Enterprise Value to NOPAT (EV/NOPAT)	38.59	32.53	28.93	33.74	41.31	31.64	31.28	34.71	14.05	13.75
Enterprise Value to Operating Cash Flow (EV/OCF)	192.39	13.81	79.83	20.92	24.77	16.82	13.22	12.79	67.68	7.15
Enterprise Value to Free Cash Flow (EV/FCFF)	19.75	16.53	0.00	11,496.59	282.67	19.22	12.46	41.86	0.00	8.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.96	2.23	2.54	2.10	2.34	2.59	1.89	1.72	2.13	4.01
Long-Term Debt to Equity	0.90	1.96	2.14	2.10	2.33	2.10	1.83	1.61	2.06	3.94
Financial Leverage	1.23	2.14	2.16	1.94	1.96	1.83	1.65	1.77	2.00	2.26
Leverage Ratio	3.78	5.32	5.49	5.41	5.60	5.15	4.43	4.39	5.39	6.91
Compound Leverage Factor	2.65	3.15	3.80	4.22	3.84	3.36	3.00	2.82	1.45	3.94
Debt to Total Capital	48.89%	69.07%	71.73%	67.74%	70.04%	72.14%	65.39%	63.27%	68.02%	80.02%
Short-Term Debt to Total Capital	3.11%	8.58%	11.29%	0.13%	0.15%	13.66%	2.13%	4.11%	2.00%	1.22%
Long-Term Debt to Total Capital	45.78%	60.49%	60.44%	67.61%	69.88%	58.48%	63.26%	59.16%	66.02%	78.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.59%	0.55%	0.53%	0.51%	0.56%	0.65%	1.01%	0.95%	0.96%	0.16%
Common Equity to Total Capital	50.52%	30.38%	27.74%	31.75%	29.41%	27.21%	33.60%	35.77%	31.02%	19.82%
Debt to EBITDA	4.10	4.97	5.26	3.89	4.67	4.86	4.11	4.55	8.22	5.66
Net Debt to EBITDA	3.46	4.57	4.94	3.60	3.85	3.74	3.67	4.26	7.57	3.00
Long-Term Debt to EBITDA	3.84	4.35	4.43	3.88	4.66	3.94	3.98	4.26	7.98	5.58
Debt to NOPAT	9.90	10.83	10.77	7.09	9.09	9.50	10.17	12.80	8.10	9.65
Net Debt to NOPAT	8.35	9.95	10.11	6.57	7.49	7.31	9.08	11.98	7.46	5.10
Long-Term Debt to NOPAT	9.27	9.48	9.08	7.08	9.07	7.70	9.84	11.97	7.86	9.50
Altman Z-Score	2.61	1.97	1.83	2.47	2.48	2.09	2.00	1.74	1.40	2.02
Noncontrolling Interest Sharing Ratio	1.39%	1.82%	1.72%	1.71%	2.08%	2.64%	2.75%	2.78%	2.42%	8.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	0.79	0.78	0.88	1.05	0.88	0.96	0.92	1.23	1.02
Quick Ratio	0.63	0.44	0.45	0.52	0.70	0.61	0.62	0.51	0.70	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,120	1,557	-237	3.20	125	1,355	1,661	452	-5,612	807
Operating Cash Flow to CapEx	23.76%	178.28%	18.23%	101.97%	128.66%	258.86%	191.91%	265.83%	31.85%	190.72%
Free Cash Flow to Firm to Interest Expense	3.78	3.39	-0.72	0.01	0.40	4.18	5.50	1.57	-16.60	3.10
Operating Cash Flow to Interest Expense	0.39	4.05	0.91	6.22	4.53	4.78	5.19	5.13	0.57	3.87
Operating Cash Flow Less CapEx to Interest Expense	-1.25	1.78	-4.08	0.12	1.01	2.93	2.48	3.20	-1.22	1.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.62	0.68	0.73	0.66	0.68	0.69	0.66	0.70	0.93
Accounts Receivable Turnover	5.59	5.19	5.19	6.43	6.99	6.68	6.77	7.03	7.63	8.68
Inventory Turnover	6.22	5.26	5.60	7.04	7.10	7.23	6.67	5.93	6.31	6.75
Fixed Asset Turnover	0.00	0.00	1.97	0.00	0.00	0.00	2.54	2.44	2.56	3.13
Accounts Payable Turnover	2.64	2.43	2.43	2.71	2.84	2.95	3.19	3.64	4.13	4.55
Days Sales Outstanding (DSO)	65.34	70.37	70.34	56.79	52.19	54.60	53.90	51.93	47.86	42.04
Days Inventory Outstanding (DIO)	58.69	69.42	65.21	51.83	51.42	50.47	54.72	61.53	57.81	54.09
Days Payable Outstanding (DPO)	138.11	150.51	150.01	134.82	128.53	123.56	114.58	100.39	88.40	80.26
Cash Conversion Cycle (CCC)	-14.09	-10.72	-14.46	-26.20	-24.92	-18.49	-5.97	13.07	17.26	15.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,614	11,161	11,927	10,859	9,771	9,038	9,570	10,569	10,476	3,934
Invested Capital Turnover	1.08	1.04	1.17	1.34	1.25	1.23	1.16	1.04	1.26	1.96
Increase / (Decrease) in Invested Capital	-547	-766	1,068	1,088	733	-532	-999	93	6,542	-283
Enterprise Value (EV)	22,124	25,736	24,030	36,816	35,465	26,042	20,699	18,902	13,063	7,201
Market Capitalization	17,268	17,794	15,564	29,584	28,969	19,953	14,587	12,274	6,022	4,518
Book Value per Share	$19.64	$11.95	$11.03	$11.20	$10.01	$9.01	$10.19	$11.26	$19.65	$9.18
Tangible Book Value per Share	$2.04	($5.48)	($6.98)	($7.53)	($9.45)	($10.61)	($9.45)	($9.87)	($20.56)	($8.22)
Total Capital	11,603	12,406	12,475	11,422	11,137	10,836	10,291	11,017	11,073	6,312
Total Debt	5,673	8,569	8,948	7,737	7,800	7,817	6,729	6,971	7,532	5,051
Total Long-Term Debt	5,312	7,504	7,540	7,722	7,783	6,337	6,510	6,518	7,310	4,974
Net Debt	4,788	7,874	8,400	7,174	6,434	6,019	6,008	6,523	6,935	2,673
Capital Expenditures (CapEx)	484	1,045	1,651	1,726	1,113	598	816	556	606	528
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-530	-932	-659	-1,278	-1,118	-1,011	-657	-344	309	-105
Debt-free Net Working Capital (DFNWC)	355	-237	-111	-715	248	787	64	104	906	119
Net Working Capital (NWC)	-6.00	-1,302	-1,519	-730	231	-693	-155	-349	684	42
Net Nonoperating Expense (NNE)	-3,441	80	99	213	276	287	209	165	664	221
Net Nonoperating Obligations (NNO)	4,684	7,324	8,400	7,174	6,434	6,019	6,008	6,523	6,935	2,673
Total Depreciation and Amortization (D&A)	620	686	672	700	668	678	702	729	453	286
Debt-free, Cash-free Net Working Capital to Revenue	-4.49%	-7.73%	-4.93%	-9.25%	-9.49%	-8.81%	-5.65%	-3.13%	3.41%	-1.31%
Debt-free Net Working Capital to Revenue	3.01%	-1.96%	-0.83%	-5.18%	2.11%	6.86%	0.55%	0.95%	10.00%	1.49%
Net Working Capital to Revenue	-0.05%	-10.79%	-11.36%	-5.29%	1.96%	-6.04%	-1.33%	-3.18%	7.55%	0.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$13.12	$2.25	$2.27	$2.69	$1.79	$1.71	$1.32	$1.07	$0.00	$2.05
Adjusted Weighted Average Basic Shares Outstanding	305.46M	314.78M	316.43M	325.99M	326.26M	331.10M	344.80M	350.27M	0.00	137.30M
Adjusted Diluted Earnings per Share	$13.00	$2.23	$2.25	$2.65	$1.76	$1.66	$1.29	$1.05	$0.00	$1.99
Adjusted Weighted Average Diluted Shares Outstanding	308.21M	317.02M	320.01M	331.62M	332.82M	340.12M	352.32M	356.99M	0.00	140.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	282.82M	315.64M	314.42M	0.00	327.93M	325.77M	334.34M	350.44M	0.00	141.71M
Normalized Net Operating Profit after Tax (NOPAT)	889	893	888	1,211	1,083	1,039	797	695	560	692
Normalized NOPAT Margin	7.54%	7.40%	6.64%	8.77%	9.19%	9.05%	6.85%	6.32%	6.18%	8.66%
Pre Tax Income Margin	4.54%	5.09%	5.33%	7.30%	5.83%	5.30%	5.44%	4.68%	1.38%	4.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.58	2.26	3.11	4.56	3.17	2.88	3.10	2.78	1.37	2.33
NOPAT to Interest Expense	1.94	1.72	2.51	3.86	2.72	2.54	2.19	1.89	2.75	2.01
EBIT Less CapEx to Interest Expense	0.94	-0.02	-1.88	-1.54	-0.35	1.03	0.39	0.85	-0.42	0.30
NOPAT Less CapEx to Interest Expense	0.30	-0.55	-2.48	-2.24	-0.81	0.70	-0.51	-0.04	0.96	-0.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.08%	35.44%	34.70%	26.08%	34.02%	33.96%	30.24%	33.95%	31.20%	23.76%
Augmented Payout Ratio	48.73%	35.87%	119.13%	113.33%	43.81%	210.26%	193.38%	61.05%	71.43%	68.65%

This table displays calculated financial ratios and metrics derived from Ball's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.76%	-0.79%	-0.93%	-3.52%	-3.59%	84.79%	-21.26%	-25.81%	-19.78%	-57.24%	11.20%
EBITDA Growth	31.16%	-74.69%	-6.11%	-6.28%	-16.17%	142.77%	-32.65%	604.92%	-45.53%	-70.62%	64.65%
EBIT Growth	71.76%	-121.68%	-1.75%	-3.46%	-26.59%	5,550.00%	-45.51%	342.99%	-56.23%	-98.95%	119.75%
NOPAT Growth	80.18%	-65.05%	40.50%	-9.79%	-31.55%	5,622.28%	-55.73%	380.46%	-57.81%	-99.24%	98.59%
Net Income Growth	-95.14%	-119.48%	-2.45%	-8.09%	1,947.78%	175.00%	-48.22%	204.85%	-59.73%	-81.14%	120.11%
EPS Growth	-94.57%	-52.08%	1.56%	-7.27%	1,973.21%	152.63%	-48.39%	200.00%	-59.12%	-78.89%	129.63%
Operating Cash Flow Growth	46.67%	-32.07%	-20.37%	-60.38%	-353.45%	40.19%	340.23%	56.65%	65.80%	-40.61%	-75.42%
Free Cash Flow Firm Growth	-107.18%	-34.90%	1,115.78%	540.41%	391.06%	186.95%	75.91%	74.84%	32.60%	-47.80%	15.42%
Invested Capital Growth	2.91%	-4.90%	-9.44%	-10.33%	-10.83%	-6.42%	2.98%	4.53%	6.09%	9.84%	9.90%
Revenue Q/Q Growth	7.53%	-6.55%	4.16%	2.96%	-1.00%	-6.69%	1.43%	2.88%	89.75%	-60.24%	-4.43%
EBITDA Q/Q Growth	333.33%	-76.28%	6.70%	11.02%	-9.93%	-12.01%	6.51%	-0.69%	160.84%	-75.59%	1,014.75%
EBIT Q/Q Growth	695.92%	-117.50%	11.55%	28.06%	-13.27%	-20.70%	9.62%	-2.62%	6,575.00%	-99.24%	588.79%
NOPAT Q/Q Growth	300.75%	-81.17%	56.97%	31.96%	-10.37%	-24.32%	0.78%	0.13%	7,392.35%	-99.41%	738.50%
Net Income Q/Q Growth	696.67%	-115.08%	25.16%	-95.69%	2,293.51%	-24.51%	17.92%	-3.89%	221.43%	-85.79%	338.79%
EPS Q/Q Growth	173.91%	-64.62%	27.45%	-95.61%	2,318.75%	-25.00%	16.36%	-1.79%	194.74%	-84.68%	325.45%
Operating Cash Flow Q/Q Growth	-233.00%	-18.03%	142.06%	120.21%	-269.43%	-3.92%	20.44%	331.27%	-152.38%	201.72%	-57.14%
Free Cash Flow Firm Q/Q Growth	-118.01%	-58.57%	-3.07%	-1.97%	65.36%	746.42%	57.97%	35.21%	50.60%	-79.10%	56.10%
Invested Capital Q/Q Growth	10.79%	-4.43%	-2.49%	-0.32%	2.37%	-8.99%	-3.45%	-0.87%	7.44%	0.15%	-1.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.50%	20.52%	21.32%	20.34%	20.56%	20.63%	19.25%	18.29%	18.42%	11.78%	17.11%
EBITDA Margin	14.27%	3.54%	13.95%	13.62%	12.63%	13.88%	14.72%	14.02%	14.53%	10.57%	17.21%
Operating Margin	9.43%	-1.70%	11.84%	8.48%	6.82%	7.79%	9.16%	8.48%	8.96%	0.25%	13.24%
EBIT Margin	9.43%	-1.70%	9.09%	8.48%	6.82%	7.79%	9.16%	8.48%	8.96%	0.25%	13.24%
Profit (Net Income) Margin	5.78%	-1.04%	6.46%	5.37%	128.25%	5.30%	6.56%	5.64%	6.04%	3.56%	9.97%
Tax Burden Percent	78.17%	-428.57%	87.67%	79.50%	3,649.51%	114.93%	116.57%	114.57%	116.88%	-58.95%	88.74%
Interest Burden Percent	78.42%	-14.29%	81.07%	79.68%	51.53%	59.29%	61.40%	58.08%	57.68%	-2,375.00%	84.89%
Effective Tax Rate	23.14%	214.29%	18.50%	24.50%	26.73%	29.10%	25.71%	19.21%	21.43%	0.00%	8.56%
Return on Invested Capital (ROIC)	7.51%	2.11%	9.76%	6.30%	4.93%	5.77%	6.04%	6.38%	7.15%	0.21%	16.47%
ROIC Less NNEP Spread (ROIC-NNEP)	6.63%	0.67%	8.20%	5.84%	58.78%	5.69%	5.95%	5.95%	6.80%	0.89%	15.38%
Return on Net Nonoperating Assets (RNNOA)	5.24%	0.83%	9.60%	7.08%	69.76%	12.14%	13.08%	13.93%	15.28%	1.93%	32.45%
Return on Equity (ROE)	12.75%	2.94%	19.37%	13.38%	74.69%	17.91%	19.12%	20.31%	22.43%	2.14%	48.92%
Cash Return on Invested Capital (CROIC)	2.93%	10.29%	16.69%	16.76%	17.44%	13.49%	1.96%	2.76%	-1.60%	-2.08%	1.26%
Operating Return on Assets (OROA)	5.97%	-1.09%	5.54%	5.14%	4.08%	4.79%	4.92%	4.77%	5.52%	0.17%	10.20%
Return on Assets (ROA)	3.66%	-0.67%	3.94%	3.25%	76.65%	3.26%	3.52%	3.18%	3.72%	2.41%	7.68%
Return on Common Equity (ROCE)	12.62%	2.89%	19.11%	13.21%	73.76%	17.59%	18.77%	19.94%	22.05%	2.10%	48.04%
Return on Equity Simple (ROE_SIMPLE)	9.22%	0.00%	62.82%	60.80%	57.70%	0.00%	15.57%	20.93%	12.78%	0.00%	27.97%
Net Operating Profit after Tax (NOPAT)	224	56	297	190	144	160	212	210	210	2.80	478
NOPAT Margin	7.25%	1.94%	9.65%	6.40%	5.00%	5.52%	6.81%	6.85%	7.04%	0.18%	12.10%
Net Nonoperating Expense Percent (NNEP)	0.89%	1.43%	1.56%	0.46%	-53.86%	0.08%	0.09%	0.43%	0.35%	-0.68%	1.09%
Return On Investment Capital (ROIC_SIMPLE)	1.83%	0.48%	2.37%	1.48%	1.09%	1.29%	1.56%	1.54%	1.57%	0.02%	3.86%
Cost of Revenue to Revenue	80.50%	79.48%	78.68%	79.66%	79.44%	79.37%	80.75%	81.71%	81.58%	88.22%	82.89%
SG&A Expenses to Revenue	4.81%	5.38%	4.61%	4.70%	7.34%	4.37%	4.28%	5.12%	3.86%	3.12%	4.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.07%	22.22%	9.47%	11.86%	13.74%	12.85%	10.09%	9.81%	9.46%	11.52%	3.87%
Earnings before Interest and Taxes (EBIT)	292	-49	280	251	196	226	285	260	267	4.00	523
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	442	102	430	403	363	403	458	430	433	166	680
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.98	2.95	3.17	2.70	2.86	4.72	3.90	4.66	4.63	4.50	4.21
Price to Tangible Book Value (P/TBV)	82.69	28.31	16.30	11.94	11.01	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.36	1.46	1.79	1.58	1.75	1.48	1.43	1.55	1.33	1.16	0.95
Price to Earnings (P/E)	32.61	4.31	5.06	4.45	4.96	25.17	25.24	22.43	37.46	21.65	15.24
Dividend Yield	1.54%	1.46%	1.19%	1.35%	1.20%	1.41%	1.64%	1.41%	1.49%	1.61%	1.71%
Earnings Yield	3.07%	23.21%	19.78%	22.48%	20.16%	3.97%	3.96%	4.46%	2.67%	4.62%	6.56%
Enterprise Value to Invested Capital (EV/IC)	1.93	2.08	2.31	2.04	2.19	2.31	1.93	2.11	2.03	2.01	1.94
Enterprise Value to Revenue (EV/Rev)	1.89	1.88	2.17	1.96	2.10	2.13	2.21	2.31	2.06	1.80	1.49
Enterprise Value to EBITDA (EV/EBITDA)	15.26	16.00	15.23	14.26	15.15	14.93	15.92	15.65	19.43	14.12	10.98
Enterprise Value to EBIT (EV/EBIT)	25.66	29.00	24.70	24.21	25.91	24.79	29.01	25.37	37.90	23.33	16.41
Enterprise Value to NOPAT (EV/NOPAT)	33.75	38.59	32.38	32.82	34.53	32.53	40.03	29.90	48.45	28.93	18.97
Enterprise Value to Operating Cash Flow (EV/OCF)	32.58	192.39	73.05	45.76	28.12	13.81	14.33	25.23	31.37	79.83	34.97
Enterprise Value to Free Cash Flow (EV/FCFF)	66.84	19.75	13.15	11.49	11.85	16.53	100.15	77.86	0.00	0.00	160.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.21	0.96	0.86	0.83	0.79	2.23	2.39	2.50	2.61	2.54	2.49
Long-Term Debt to Equity	1.10	0.90	0.79	0.79	0.75	1.96	1.87	1.92	1.97	2.14	2.36
Financial Leverage	0.79	1.23	1.17	1.21	1.19	2.14	2.20	2.34	2.25	2.16	2.11
Leverage Ratio	2.93	3.78	3.60	3.59	3.61	5.32	5.29	5.53	5.35	5.49	5.49
Compound Leverage Factor	2.30	-0.54	2.92	2.86	1.86	3.16	3.25	3.21	3.09	-130.48	4.66
Debt to Total Capital	54.67%	48.89%	46.22%	45.34%	44.02%	69.07%	70.53%	71.41%	72.30%	71.73%	71.34%
Short-Term Debt to Total Capital	4.75%	3.11%	3.60%	2.16%	2.13%	8.58%	15.50%	16.44%	17.60%	11.29%	3.80%
Long-Term Debt to Total Capital	49.93%	45.78%	42.62%	43.18%	41.88%	60.49%	55.03%	54.97%	54.70%	60.44%	67.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.55%	0.59%	0.57%	0.55%	0.52%	0.55%	0.51%	0.51%	0.52%	0.53%	0.57%
Common Equity to Total Capital	44.77%	50.52%	53.21%	54.11%	55.46%	30.38%	28.96%	28.09%	27.19%	27.74%	28.10%
Debt to EBITDA	4.51	4.10	3.45	3.56	3.51	4.97	6.45	5.71	7.22	5.26	4.20
Net Debt to EBITDA	4.21	3.46	2.59	2.73	2.47	4.57	5.55	5.15	6.80	4.94	3.98
Long-Term Debt to EBITDA	4.12	3.84	3.18	3.39	3.34	4.35	5.03	4.39	5.46	4.43	3.98
Debt to NOPAT	9.98	9.90	7.33	8.20	7.99	10.83	16.22	10.90	18.01	10.77	7.26
Net Debt to NOPAT	9.32	8.35	5.51	6.29	5.62	9.95	13.96	9.84	16.95	10.11	6.87
Long-Term Debt to NOPAT	9.12	9.27	6.76	7.81	7.61	9.48	12.65	8.39	13.63	9.08	6.87
Altman Z-Score	2.42	2.46	2.63	2.51	2.50	1.84	1.62	1.71	1.70	1.66	1.88
Noncontrolling Interest Sharing Ratio	1.06%	1.39%	1.32%	1.28%	1.24%	1.82%	1.85%	1.84%	1.67%	1.72%	1.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	1.00	1.09	1.18	1.21	0.79	0.81	0.78	0.76	0.78	0.94
Quick Ratio	0.64	0.63	0.80	0.83	0.89	0.44	0.51	0.47	0.43	0.45	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-109	603	1,455	1,502	1,532	926	-143	-341	-526	-1,065	-595
Operating Cash Flow to CapEx	-820.99%	467.29%	521.37%	237.74%	-809.74%	342.33%	345.05%	240.00%	-80.17%	134.96%	39.28%
Free Cash Flow to Firm to Interest Expense	-1.55	9.28	21.72	21.76	16.12	8.50	-1.17	-2.94	-4.66	-9.43	-7.53
Operating Cash Flow to Interest Expense	-9.50	7.69	9.10	3.65	-13.13	6.75	6.28	5.48	-2.43	4.65	2.20
Operating Cash Flow Less CapEx to Interest Expense	-10.66	6.05	7.36	2.12	-14.75	4.78	4.46	3.20	-5.47	1.20	-3.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.64	0.61	0.61	0.60	0.62	0.54	0.56	0.62	0.68	0.77
Accounts Receivable Turnover	4.23	5.59	5.01	4.74	4.26	5.19	4.35	4.26	4.44	5.19	5.77
Inventory Turnover	6.09	6.22	6.10	5.55	5.21	5.26	4.54	4.31	4.67	5.60	6.63
Fixed Asset Turnover	0.00	0.00	1.71	1.71	1.73	0.00	1.53	0.00	0.00	1.97	0.00
Accounts Payable Turnover	2.95	2.64	2.86	2.86	2.78	2.43	2.26	2.28	2.43	2.43	2.91
Days Sales Outstanding (DSO)	86.36	65.34	72.80	77.05	85.66	70.37	83.95	85.65	82.16	70.34	63.28
Days Inventory Outstanding (DIO)	59.92	58.69	59.86	65.77	70.09	69.42	80.32	84.70	78.17	65.21	55.09
Days Payable Outstanding (DPO)	123.71	138.11	127.69	127.51	131.18	150.51	161.54	160.16	150.20	150.01	125.38
Cash Conversion Cycle (CCC)	22.57	-14.09	4.97	15.31	24.57	-10.72	2.74	10.19	10.13	-14.46	-7.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,759	10,614	11,106	11,390	11,426	11,161	12,264	12,702	12,814	11,927	11,909
Invested Capital Turnover	1.04	1.08	1.01	0.98	0.99	1.04	0.89	0.93	1.02	1.17	1.36
Increase / (Decrease) in Invested Capital	333	-547	-1,158	-1,312	-1,388	-766	355	551	736	1,068	1,073
Enterprise Value (EV)	22,708	22,124	25,640	23,198	25,055	25,736	23,670	26,742	26,034	24,030	23,079
Market Capitalization	16,372	17,268	21,203	18,681	20,905	17,794	15,344	17,876	16,859	15,564	14,649
Book Value per Share	$19.45	$19.64	$22.02	$22.27	$23.20	$11.95	$12.50	$12.20	$11.57	$11.03	$11.07
Tangible Book Value per Share	$0.70	$2.04	$4.29	$5.04	$6.03	($5.48)	($5.08)	($5.72)	($6.38)	($6.98)	($6.52)
Total Capital	12,286	11,603	12,560	12,776	13,177	12,406	13,599	13,657	13,386	12,475	12,382
Total Debt	6,717	5,673	5,805	5,793	5,800	8,569	9,591	9,752	9,678	8,948	8,833
Total Long-Term Debt	6,134	5,312	5,353	5,517	5,519	7,504	7,483	7,507	7,322	7,540	8,363
Net Debt	6,268	4,788	4,365	4,447	4,081	7,874	8,256	8,797	9,106	8,400	8,360
Capital Expenditures (CapEx)	81	107	117	106	154	215	222	265	343	389	443
Debt-free, Cash-free Net Working Capital (DFCFNWC)	329	-530	-505	-207	-298	-932	-534	-201	71	-659	-380
Debt-free Net Working Capital (DFNWC)	778	355	935	1,139	1,421	-237	801	754	643	-111	93
Net Working Capital (NWC)	195	-6.00	483	863	1,140	-1,302	-1,307	-1,491	-1,713	-1,519	-377
Net Nonoperating Expense (NNE)	45	86	98	31	-3,542	6.22	7.71	37	30	-53	84
Net Nonoperating Obligations (NNO)	6,190	4,684	4,351	4,407	4,049	7,324	8,256	8,797	9,106	8,400	8,360
Total Depreciation and Amortization (D&A)	150	151	150	152	167	177	173	170	166	162	157
Debt-free, Cash-free Net Working Capital to Revenue	2.74%	-4.49%	-4.27%	-1.75%	-2.49%	-7.73%	-4.98%	-1.74%	0.56%	-4.93%	-2.46%
Debt-free Net Working Capital to Revenue	6.47%	3.01%	7.91%	9.61%	11.89%	-1.96%	7.47%	6.52%	5.09%	-0.83%	0.60%
Net Working Capital to Revenue	1.62%	-0.05%	4.09%	7.28%	9.54%	-10.79%	-12.18%	-12.89%	-13.56%	-11.36%	-2.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.63	$0.26	$0.65	$0.51	$11.70	$0.50	$0.64	$0.55	$0.56	$0.18	$1.25
Adjusted Weighted Average Basic Shares Outstanding	283.29M	305.46M	302.41M	309.27M	314.95M	314.78M	314.98M	314.56M	314.24M	316.43M	314.05M
Adjusted Diluted Earnings per Share	$0.63	$0.23	$0.65	$0.51	$11.61	$0.48	$0.64	$0.55	$0.56	$0.19	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	285.07M	308.21M	305.22M	311.96M	317.39M	317.02M	317.30M	316.87M	316.67M	320.01M	317.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	277.42M	282.82M	298.43M	303.57M	310.38M	315.64M	315.30M	315.06M	314.55M	314.42M	313.92M
Normalized Net Operating Profit after Tax (NOPAT)	234	-34	297	235	163	224	233	205	226	36	329
Normalized NOPAT Margin	7.57%	-1.19%	9.65%	7.94%	5.66%	7.72%	7.50%	6.69%	7.56%	2.32%	8.33%
Pre Tax Income Margin	7.39%	0.24%	7.37%	6.76%	3.51%	4.62%	5.63%	4.92%	5.17%	-6.05%	11.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.17	-0.75	4.18	3.64	2.06	2.07	2.34	2.24	2.36	0.04	6.62
NOPAT to Interest Expense	3.21	0.86	4.44	2.75	1.51	1.47	1.74	1.81	1.86	0.02	6.05
EBIT Less CapEx to Interest Expense	3.01	-2.40	2.43	2.10	0.44	0.10	0.52	-0.04	-0.67	-3.41	1.01
NOPAT Less CapEx to Interest Expense	2.05	-0.78	2.69	1.21	-0.11	-0.50	-0.08	-0.47	-1.18	-3.42	0.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.94%	6.08%	5.91%	5.97%	5.98%	35.44%	41.11%	31.38%	54.19%	34.70%	26.31%
Augmented Payout Ratio	458.19%	48.73%	31.18%	21.79%	10.29%	35.87%	41.76%	36.74%	166.67%	119.13%	135.05%

Frequently Asked Questions About Ball's Financials

When does Ball's financial year end?

According to the most recent income statement we have on file, Ball's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ball's net income changed over the last 9 years?

Ball's net income appears to be on an upward trend, with a most recent value of $4.01 billion in 2024, rising from $303 million in 2015. The previous period was $711 million in 2023. Check out Ball's forecast to explore projected trends and price targets.

What is Ball's operating income?

Ball's total operating income in 2024 was $763 million, based on the following breakdown:

Total Gross Profit: $2.44 billion
Total Operating Expenses: $1.68 billion

How has Ball revenue changed over the last 9 years?

Over the last 9 years, Ball's total revenue changed from $8.00 billion in 2015 to $11.80 billion in 2024, a change of 47.5%.

How much debt does Ball have?

Ball's total liabilities were at $11.70 billion at the end of 2024, a 24.4% decrease from 2023, and a 38.7% increase since 2015.

How much cash does Ball have?

In the past 9 years, Ball's cash and equivalents has ranged from $224 million in 2015 to $1.80 billion in 2019, and is currently $885 million as of their latest financial filing in 2024.

How has Ball's book value per share changed over the last 9 years?

Over the last 9 years, Ball's book value per share changed from 9.18 in 2015 to 19.64 in 2024, a change of 114.0%.

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This page (NYSE:BALL) was last updated on 5/29/2025 by MarketBeat.com Staff

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Ball (BALL) Financials

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Ball (BALL) Financials

Annual Income Statements for Ball

Quarterly Income Statements for Ball

Annual Cash Flow Statements for Ball

Quarterly Cash Flow Statements for Ball

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