Ball (BALL) Financials

$51.69 -0.16 (-0.31%)

Closing price 03:59 PM Eastern

Extended Trading

$51.71 +0.02 (+0.04%)

As of 08:00 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	281	263	374	454	566	585	878	719	707	4,008
Consolidated Net Income / (Loss)	303	266	380	453	536	582	878	732	711	4,014
Net Income / (Loss) Continuing Operations	303	266	380	453	536	582	878	582	488	430
Total Pre-Tax Income	346	125	514	633	608	687	1,008	713	614	535
Total Operating Income	606	463	802	935	932	1,003	1,291	1,030	1,038	763
Total Gross Profit	1,537	1,765	2,266	2,306	2,271	2,458	2,726	2,250	2,308	2,441
Total Revenue	7,997	9,061	10,983	11,635	11,474	11,781	13,811	13,372	12,062	11,795
Operating Revenue	7,997	9,061	10,983	11,635	11,474	11,781	13,811	13,372	12,062	11,795
Total Cost of Revenue	6,460	7,296	8,717	9,329	9,203	9,323	11,085	11,122	9,754	9,354
Operating Cost of Revenue	6,460	7,296	8,717	9,329	9,203	9,323	11,085	11,122	9,754	9,354
Total Operating Expenses	931	1,302	1,464	1,371	1,339	1,455	1,435	1,220	1,270	1,678
Selling, General & Admin Expense	450	512	514	478	417	525	593	555	532	647
Depreciation Expense	286	453	729	702	678	668	700	594	605	611
Restructuring Charge	195	337	221	191	244	262	142	71	133	420
Total Other Income / (Expense), net	-260	-338	-288	-302	-324	-316	-283	-317	-424	-228
Interest Expense	260	338	288	302	324	316	283	331	460	296
Interest & Investment Income	-	-	-	-	-	-	-	14	36	68
Income Tax Expense	47	-126	165	185	71	99	156	138	146	133
Other Gains / (Losses), net	4.00	15	31	5.00	-1.00	-6.00	26	7.00	20	28
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	150	223	3,584
Net Income / (Loss) Attributable to Noncontrolling Interest	22	3.00	6.00	-1.00	-30	-3.00	0.00	13	4.00	6.00
Basic Earnings per Share	$1.02	$0.83	$1.07	$1.32	$1.71	$1.79	$2.69	$2.27	$2.25	$13.12
Weighted Average Basic Shares Outstanding	274.60M	316.54M	350.27M	344.80M	331.10M	326.26M	325.99M	316.43M	314.78M	305.46M
Diluted Earnings per Share	$1.00	$0.81	$1.05	$1.29	$1.66	$1.76	$2.65	$2.25	$2.23	$13.00
Weighted Average Diluted Shares Outstanding	281.97M	322.88M	356.99M	352.32M	340.12M	332.82M	331.62M	320.01M	317.02M	308.21M
Weighted Average Basic & Diluted Shares Outstanding	137.10M	316.90M	349.50M	334.34M	325.77M	327.93M	0.00	314.42M	315.64M	282.82M
Cash Dividends to Common per Share	$0.26	$0.26	$0.37	$0.40	$0.55	$0.60	$0.70	$0.80	$0.80	$0.80

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

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

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	20,053	19,909	20,109	20,171	19,932	19,303	19,898	18,961	18,824	17,628
Total Current Assets	5,812	5,489	5,507	5,435	5,408	4,883	6,524	5,752	5,607	4,841
Cash & Equivalents	473	548	572	955	1,335	695	1,719	1,346	1,440	885
Accounts Receivable	2,877	2,594	2,561	2,291	2,059	2,057	3,050	2,711	2,655	2,166
Inventories, net	2,201	2,179	2,191	1,982	1,688	1,531	1,498	1,426	1,385	1,477
Other Current Assets	261	168	183	207	326	231	225	229	113	169
Other Current Nonoperating Assets	-	-	-	-	-	369	-	-	-	144
Plant, Property, & Equipment, net	6,738	7,053	7,203	7,280	7,264	0.00	6,634	6,547	6,550	0.00
Total Noncurrent Assets	7,503	7,367	7,399	7,456	7,260	14,420	6,740	6,662	6,667	12,787
Goodwill	4,119	4,235	4,255	4,269	4,222	4,250	4,211	4,190	4,244	4,172
Intangible Assets	1,410	1,417	1,389	1,366	1,315	1,248	1,199	1,159	1,138	1,080
Other Noncurrent Operating Assets	1,974	1,715	1,755	1,821	1,723	8,069	1,330	1,313	1,285	7,535
Other Noncurrent Nonoperating Assets	-	-	-	-	-	853	-	-	-	0.00
Total Liabilities & Shareholders' Equity	20,053	19,909	20,109	20,171	19,932	19,303	19,898	18,961	18,824	17,628
Total Liabilities	16,504	16,382	16,401	16,266	15,924	15,466	12,521	11,978	12,069	11,698
Total Current Liabilities	6,189	7,008	7,220	6,926	6,715	6,185	5,384	4,889	5,124	4,847
Short-Term Debt	470	1,408	2,356	2,245	2,108	1,065	281	276	452	361
Accounts Payable	4,527	4,383	3,647	3,433	3,294	3,661	3,257	3,174	3,261	3,418
Current Employee Benefit Liabilities	294	236	250	267	310	245	257	266	308	303
Other Current Liabilities	898	981	967	981	1,003	779	1,589	1,173	1,103	725
Other Current Nonoperating Liabilities	-	-	-	-	-	435	-	-	-	40
Total Noncurrent Liabilities	10,315	9,374	9,181	9,340	9,209	9,281	7,137	7,089	6,945	6,851
Long-Term Debt	8,363	7,540	7,322	7,507	7,483	7,504	5,519	5,517	5,353	5,312
Noncurrent Deferred & Payable Income Tax Liabilities	569	540	547	524	445	421	591	590	592	594
Noncurrent Employee Benefit Liabilities	904	847	824	840	813	735	645	624	630	577
Other Noncurrent Operating Liabilities	479	447	488	469	468	384	382	358	370	368
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	237	-	-	-	0.00
Total Equity & Noncontrolling Interests	3,549	3,527	3,708	3,905	4,008	3,837	7,377	6,983	6,755	5,930
Total Preferred & Common Equity	3,479	3,461	3,639	3,836	3,938	3,769	7,308	6,913	6,683	5,862
Total Common Equity	3,479	3,461	3,639	3,836	3,938	3,769	7,308	6,913	6,683	5,862
Common Stock	1,247	1,260	1,268	1,291	1,304	1,312	1,352	1,370	1,384	1,395
Retained Earnings	7,316	7,309	7,422	7,533	7,673	7,763	11,386	11,481	11,618	11,527
Treasury Stock	-4,436	-4,429	-4,414	-4,406	-4,397	-4,390	-4,537	-5,017	-5,407	-6,057
Accumulated Other Comprehensive Income / (Loss)	-648	-679	-637	-582	-642	-916	-893	-921	-912	-1,003
Noncontrolling Interest	70	66	69	69	70	68	69	70	72	68

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

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

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

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

Frequently Asked Questions About Ball's Financials

When does Ball's fiscal year end?

According to the most recent income statement we have on file, Ball's financial year ends in December. Their financial 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. See Ball's forecast for analyst expectations on what’s next for the company.

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 5/6/2025 by MarketBeat.com Staff

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Ball (BALL) Financials

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Ball (BALL) Financials

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