O-I Glass (OI) Financials

$9.02 +0.08 (+0.84%)

Closing price 03:59 PM Eastern

Extended Trading

$9.04 +0.02 (+0.28%)

As of 04:49 PM Eastern

Annual Income Statements for O-I Glass

This table shows O-I Glass' 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	135	209	180	257	-400	249	149	584	-103	-106	-129
Consolidated Net Income / (Loss)	158	230	202	282	-382	264	172	627	-85	-88	-103
Net Income / (Loss) Continuing Operations	162	237	205	169	-379	264	165	627	-85	-88	-103
Total Pre-Tax Income	268	356	275	277	-261	353	332	805	67	38	-49
Total Operating Income	459	568	466	461	-28	581	458	937	282	520	173
Total Gross Profit	1,110	1,310	1,333	1,283	1,208	972	1,091	1,213	1,496	1,045	1,109
Total Revenue	6,156	6,702	6,869	6,877	6,691	6,091	6,357	6,856	7,105	6,531	6,426
Operating Revenue	6,156	6,702	6,869	6,877	6,691	6,091	6,357	6,856	7,105	6,531	6,426
Total Cost of Revenue	5,046	5,392	5,536	5,594	5,483	5,119	5,266	5,643	5,609	5,486	5,317
Operating Cost of Revenue	5,046	5,392	5,536	5,594	5,483	5,119	5,266	5,643	5,609	5,486	5,317
Total Operating Expenses	651	742	867	822	1,236	391	633	276	1,214	525	936
Selling, General & Admin Expense	476	503	484	483	439	403	433	496	540	445	434
Research & Development Expense	64	65	60	70	68	75	82	79	92	80	42
Other Operating Expenses / (Income)	111	174	323	269	729	-87	118	-299	582	-	460
Total Other Income / (Expense), net	-191	-212	-191	-184	-233	-228	-126	-132	-215	-482	-222
Interest Expense	251	272	268	261	311	265	216	239	342	335	341
Interest & Investment Income	60	60	77	77	78	37	90	107	127	79	119
Income Tax Expense	106	119	70	108	118	89	167	178	152	126	54
Net Income / (Loss) Attributable to Noncontrolling Interest	23	21	22	25	18	15	23	43	18	18	26
Basic Earnings per Share	$0.83	$1.29	$1.11	$1.61	($2.58)	$1.59	$0.95	$3.76	($0.67)	($0.69)	($0.84)
Weighted Average Basic Shares Outstanding	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	155.31M	153.67M	154.07M	152.36M
Diluted Earnings per Share	$0.82	$1.28	$1.10	$1.59	($2.58)	$1.57	$0.93	$3.67	($0.67)	($0.69)	($0.84)
Weighted Average Diluted Shares Outstanding	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	158.99M	153.67M	154.07M	152.36M
Weighted Average Basic & Diluted Shares Outstanding	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	154.36M	153.67M	154.07M	152.36M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	51	-470	72	57	-80	-155	-16	-5.00	30	-138	-73
Consolidated Net Income / (Loss)	56	-464	76	62	-76	-150	-12	1.00	37	-129	-71
Net Income / (Loss) Continuing Operations	56	-464	76	62	-76	-150	-12	1.00	37	-129	-71
Total Pre-Tax Income	82	-439	117	104	-57	-126	18	7.00	58	-132	-53
Total Operating Income	120	194	170	161	10	179	76	64	118	-85	0.00
Total Gross Profit	364	232	318	303	215	209	280	299	300	230	199
Total Revenue	1,743	1,641	1,593	1,729	1,679	1,530	1,567	1,706	1,653	1,500	1,540
Operating Revenue	1,743	1,641	1,593	1,729	1,679	1,530	1,567	1,706	1,653	1,500	1,540
Total Cost of Revenue	1,379	1,409	1,275	1,426	1,464	1,321	1,287	1,407	1,353	1,270	1,341
Operating Cost of Revenue	1,379	1,409	1,275	1,426	1,464	1,321	1,287	1,407	1,353	1,270	1,341
Total Operating Expenses	244	38	148	142	205	30	204	235	182	315	199
Selling, General & Admin Expense	134	116	123	110	103	109	109	106	105	114	99
Research & Development Expense	24	27	21	20	20	19	13	11	8.00	10	9.00
Other Operating Expenses / (Income)	86	-	4.00	12	82	-	82	118	69	191	91
Total Other Income / (Expense), net	-38	-633	-53	-57	-67	-305	-58	-57	-60	-47	-53
Interest Expense	78	78	78	87	87	83	81	85	91	84	79
Interest & Investment Income	40	27	25	30	20	4.00	23	28	31	37	26
Income Tax Expense	26	25	41	42	19	24	30	6.00	21	-3.00	18
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	6.00	4.00	5.00	4.00	5.00	4.00	6.00	7.00	9.00	2.00
Basic Earnings per Share	$0.33	($3.04)	$0.46	$0.37	($0.52)	($1.00)	($0.10)	($0.03)	$0.19	($0.90)	($0.48)
Weighted Average Basic Shares Outstanding	154.70M	154.65M	154.27M	155.28M	154.62M	154.55M	153.71M	153.99M	153.57M	152.36M	152.68M
Diluted Earnings per Share	$0.32	($2.97)	$0.45	$0.36	($0.52)	($0.98)	($0.10)	($0.03)	$0.19	($0.90)	($0.48)
Weighted Average Diluted Shares Outstanding	159.29M	154.65M	158.47M	157.38M	154.62M	154.55M	153.71M	153.99M	155.22M	152.36M	152.68M
Weighted Average Basic & Diluted Shares Outstanding	154.73M	153.67M	155.72M	155.36M	154.65M	154.07M	154.68M	154.07M	153.59M	152.36M	153.30M

This table details how cash moves in and out of O-I Glass' 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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-113	93	0.00	20	39	12	165	48	140	-179	25
Net Cash From Operating Activities	608	751	721	791	405	457	687	154	818	489	600
Net Cash From Continuing Operating Activities	612	758	724	793	408	457	680	0.00	818	489	600
Net Income / (Loss) Continuing Operations	162	237	205	169	-379	264	165	627	-85	-88	-103
Consolidated Net Income / (Loss)	158	230	202	282	-382	264	172	627	-85	-88	-103
Depreciation Expense	323	375	387	388	390	369	356	352	385	395	391
Amortization Expense	101	116	114	119	119	113	107	113	109	101	98
Non-Cash Adjustments To Reconcile Net Income	4.00	56	209	218	521	-79	141	-873	630	289	488
Changes in Operating Assets and Liabilities, net	22	-26	-191	-101	-243	-210	-89	-65	-221	-208	-274
Net Cash From Investing Activities	-2,748	-417	-351	-698	-437	93	-220	-97	-683	-620	-368
Net Cash From Continuing Investing Activities	-2,748	-417	-466	-698	-437	93	-220	-97	-683	-620	-368
Purchase of Property, Plant & Equipment	-402	-454	-441	-536	-426	-311	-398	-539	-688	-617	-432
Acquisitions	-2,351	-56	-39	-123	-212	-47	0.00	-12	-10	-3.00	0.00
Purchase of Investments	-	-	-	-52	-	0.00	-2.00	-	4.00	-	8.00
Sale of Property, Plant & Equipment	1.00	85	14	11	197	10	122	98	11	29	56
Net Cash From Financing Activities	2,057	-228	-392	-53	68	-557	-273	6.00	-27	-8.00	-250
Net Cash From Continuing Financing Activities	2,057	-228	-392	-53	68	-557	-273	6.00	-27	-8.00	-250
Repayment of Debt	-2,411	-1,462	-1,828	-2,384	-4,184	-2,511	-1,204	-2,928	-1,320	-1,070	-2,661
Repurchase of Common Equity	-100	-	-5.00	-163	-38	0.00	-40	-40	-40	-40	-40
Payment of Dividends	-22	-16	-17	-22	-48	-20	-16	-27	-6.00	-17	-16
Issuance of Debt	4,589	1,245	1,458	2,511	4,314	1,830	1,004	2,868	1,379	1,119	2,490
Other Financing Activities, net	-	-	-	0.00	28	147	-15	133	-40	0.00	-23
Other Net Changes in Cash	-	-	-	-	-	19	-32	-15	32	-40	43

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	171	121	-518	252	108	-21	-310	63	69	203	-442
Net Cash From Operating Activities	339	381	-270	250	191	318	-171	155	214	402	-294
Net Cash From Continuing Operating Activities	18	-	0.00	-66	66	-	-171	-16	214	402	-294
Net Income / (Loss) Continuing Operations	56	-464	76	62	-77	-149	-12	2.00	36	-129	-71
Consolidated Net Income / (Loss)	56	-464	76	62	-77	-149	-12	2.00	36	-129	-71
Depreciation Expense	127	16	125	125	127	18	118	120	123	30	119
Non-Cash Adjustments To Reconcile Net Income	93	494	15	-2.00	94	163	91	125	54	218	98
Changes in Operating Assets and Liabilities, net	179	226	-486	19	93	185	-368	-92	1.00	185	-440
Net Cash From Investing Activities	-191	-226	-215	-165	-126	-114	-120	-101	-88	-59	-139
Net Cash From Continuing Investing Activities	-191	-226	-215	-165	-126	-114	-120	-101	-88	-59	-139
Purchase of Property, Plant & Equipment	-197	-223	-213	-160	-136	-108	-135	-104	-100	-93	-142
Acquisitions	-1.00	-1.00	-	-	-1.00	-2.00	2.00	-	-	-	-2.00
Sale of Property, Plant & Equipment	8.00	-	0.00	-	13	10	13	5.00	8.00	30	5.00
Net Cash From Financing Activities	-101	-58	-17	197	4.00	-192	-33	-14	-56	-147	-19
Net Cash From Continuing Financing Activities	-101	-58	-17	197	4.00	-192	-33	-14	-56	-147	-19
Repayment of Debt	-1,207	-92	-160	-11	-849	-183	-385	-304	-1,647	-316	-32
Repurchase of Common Equity	-10	-10	-10	-10	-10	-10	-10	-10	-10	-10	-10
Issuance of Debt	1,116	47	153	227	863	9.00	362	314	1,620	185	23
Effect of Exchange Rate Changes	-	-	-16	-	-	-	14	-	-	-	10

This table presents O-I Glass' 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	2025
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	12/31/2025
Total Assets	9,421	9,135	9,756	9,699	9,610	8,882	8,832	9,061	9,669	8,654	9,243
Total Current Assets	2,334	2,254	2,420	2,357	2,488	2,297	2,519	2,603	2,884	2,478	2,601
Cash & Equivalents	399	492	492	512	551	563	725	773	913	734	759
Accounts Receivable	562	580	663	549	621	623	692	760	671	572	601
Inventories, net	1,007	983	1,036	1,018	1,045	841	816	848	1,071	963	1,002
Prepaid Expenses	366	199	229	278	271	270	237	222	229	209	239
Plant, Property, & Equipment, net	2,961	2,880	3,131	3,085	3,273	2,907	2,817	2,962	3,555	3,296	3,447
Total Noncurrent Assets	4,126	4,001	4,205	4,257	3,849	3,678	3,496	3,496	3,230	2,880	3,195
Goodwill	2,489	2,462	2,590	2,513	1,934	1,951	1,840	1,813	1,473	1,321	1,487
Intangible Assets	597	464	439	400	371	325	286	262	254	198	188
Other Noncurrent Operating Assets	599	602	602	602	808	662	577	666	694	608	1,520
Total Liabilities & Shareholders' Equity	9,421	9,135	9,756	9,699	9,610	8,882	8,832	9,061	9,669	8,654	9,243
Total Liabilities	9,142	8,772	8,829	8,799	9,046	8,481	8,005	7,533	7,925	7,449	7,798
Total Current Liabilities	2,122	2,060	2,280	2,207	1,995	1,898	1,846	2,357	2,346	2,160	2,089
Short-Term Debt	228	195	162	160	124	197	72	345	248	416	162
Accounts Payable	1,212	1,135	1,324	1,321	1,276	1,126	1,210	1,355	1,437	1,142	1,201
Other Current Liabilities	130	115	100	535	431	408	345	399	402	432	726
Total Noncurrent Liabilities	7,020	6,712	6,549	6,592	7,051	6,583	6,159	5,176	5,579	5,289	5,709
Long-Term Debt	5,345	5,133	5,121	5,181	5,435	4,945	4,753	4,371	4,698	4,553	4,837
Other Noncurrent Operating Liabilities	205	188	209	194	357	895	914	433	480	407	872
Total Equity & Noncontrolling Interests	279	363	927	900	564	401	1,654	1,528	1,744	1,205	1,445
Total Preferred & Common Equity	171	254	808	786	467	297	720	1,417	1,609	1,079	1,445
Total Common Equity	171	254	808	786	467	297	1,547	1,417	1,609	1,079	1,445
Common Stock	3,066	3,082	3,101	3,126	3,132	3,131	3,919	3,081	3,088	3,055	1,445

This table presents O-I Glass' 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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,644	9,425	9,911	9,735	9,409	9,334	9,372	8,729	9,179	9,258	8,950
Total Current Assets	2,430	2,752	3,035	2,899	2,660	2,819	2,822	2,391	2,604	2,660	2,384
Cash & Equivalents	523	480	754	792	395	671	755	424	487	556	317
Accounts Receivable	892	997	984	766	801	725	794	758	848	891	805
Inventories, net	792	1,019	1,037	1,098	1,210	1,153	1,050	985	990	982	1,003
Prepaid Expenses	223	256	260	243	254	270	223	224	279	231	259
Plant, Property, & Equipment, net	2,698	3,062	3,241	3,255	3,551	3,465	3,498	3,381	3,458	3,441	3,420
Total Noncurrent Assets	3,516	3,611	3,635	3,581	3,198	3,050	3,052	2,957	3,117	3,157	3,146
Goodwill	1,730	1,867	1,901	1,860	1,458	1,395	1,408	1,365	1,467	1,480	1,469
Intangible Assets	264	267	268	257	250	226	210	193	196	193	181
Other Noncurrent Operating Assets	1,522	1,477	1,466	1,464	1,490	1,429	1,434	1,399	1,454	1,484	1,496
Total Liabilities & Shareholders' Equity	8,644	9,425	9,911	9,735	9,409	9,334	9,372	8,729	9,179	9,258	8,950
Total Liabilities	7,193	7,538	7,768	7,622	7,583	7,703	7,891	7,480	7,810	7,788	7,518
Total Current Liabilities	2,096	2,255	2,131	2,070	2,602	2,234	2,292	1,931	2,102	1,993	1,894
Short-Term Debt	331	345	242	159	815	500	537	226	236	170	160
Accounts Payable	1,171	1,304	1,320	1,250	1,170	1,127	1,092	1,026	1,104	1,081	1,057
Other Current Liabilities	594	606	569	661	617	607	663	679	762	742	677
Total Noncurrent Liabilities	5,097	5,283	5,637	5,552	4,981	5,469	5,599	5,549	5,708	5,795	5,624
Long-Term Debt	4,280	4,422	4,778	4,754	4,119	4,648	4,709	4,786	4,898	4,946	4,800
Other Noncurrent Operating Liabilities	817	861	859	798	862	821	890	763	810	849	824
Total Equity & Noncontrolling Interests	1,451	1,887	2,143	2,113	1,826	1,631	1,481	1,249	1,369	1,470	1,432
Total Preferred & Common Equity	1,451	1,887	2,143	2,113	1,826	1,631	1,481	1,249	1,369	1,470	1,432
Total Common Equity	1,451	1,887	2,143	2,113	1,826	1,631	1,481	1,249	1,369	1,470	1,432
Common Stock	1,451	1,887	2,143	2,113	1,826	1,631	1,481	1,249	1,369	1,470	1,432

This table displays calculated financial ratios and metrics derived from O-I Glass' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.26%	8.87%	2.49%	0.12%	-2.70%	-8.97%	4.37%	7.85%	3.63%	-8.08%	-1.61%
EBITDA Growth	-4.13%	19.93%	-8.69%	0.10%	-50.31%	121.00%	-13.36%	52.23%	-44.65%	1.80%	-16.20%
EBIT Growth	-2.96%	23.75%	-17.96%	-1.07%	-106.07%	2,175.00%	-21.17%	104.59%	-69.90%	4.26%	-41.16%
NOPAT Growth	-16.24%	36.29%	-8.13%	-19.03%	-106.97%	2,316.92%	-47.62%	220.63%	-250.19%	-9.86%	110.06%
Net Income Growth	-17.71%	45.57%	-12.17%	39.60%	-235.46%	169.11%	-34.85%	264.53%	-113.56%	-3.53%	-17.05%
EPS Growth	-17.17%	56.10%	-14.06%	44.55%	-262.26%	160.85%	-40.76%	294.62%	-118.26%	-2.99%	-21.74%
Operating Cash Flow Growth	-9.93%	23.52%	-3.99%	9.71%	-48.80%	12.84%	50.33%	-77.58%	431.17%	-40.22%	22.70%
Free Cash Flow Firm Growth	-197.59%	144.05%	-129.66%	386.85%	-76.10%	653.76%	-76.37%	5.55%	-639.89%	29.90%	94.74%
Invested Capital Growth	53.92%	-5.51%	11.37%	-5.22%	-3.04%	-11.71%	-0.23%	11.15%	5.40%	-5.07%	3.58%
Revenue Q/Q Growth	0.38%	0.24%	1.03%	-1.11%	-0.12%	-2.11%	1.47%	1.56%	-0.73%	-1.67%	-0.46%
EBITDA Q/Q Growth	48.15%	7.29%	3.09%	14.83%	117.65%	1.14%	35.24%	4.47%	-29.52%	128.32%	-18.87%
EBIT Q/Q Growth	49.51%	-3.40%	-17.23%	3.83%	82.82%	-14.31%	40.49%	-5.16%	-61.21%	725.53%	-60.41%
NOPAT Q/Q Growth	136.52%	-10.13%	-16.96%	2.54%	82.82%	-19.59%	111.00%	-5.38%	-305.25%	-3,560.21%	-60.41%
Net Income Q/Q Growth	267.44%	-25.81%	-23.19%	77.36%	8.39%	-3.65%	19.44%	-5.29%	-121.63%	78.11%	16.94%
EPS Q/Q Growth	583.33%	-26.44%	-25.68%	89.29%	8.51%	-29.91%	520.00%	-5.41%	-128.15%	74.25%	8.70%
Operating Cash Flow Q/Q Growth	2.88%	3.59%	26.94%	1.15%	-9.19%	-41.41%	-12.48%	2,100.00%	0.37%	-11.41%	16.28%
Free Cash Flow Firm Q/Q Growth	-85.57%	15.57%	-91.40%	143.48%	-38.21%	-35.44%	-11.29%	135.96%	-741.27%	-514.32%	-120.13%
Invested Capital Q/Q Growth	-15.41%	-18.05%	-16.22%	-21.16%	-19.39%	-14.44%	-11.84%	-13.78%	-19.25%	-19.98%	-17.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.03%	19.55%	19.41%	18.66%	18.05%	15.96%	17.16%	17.69%	21.06%	16.00%	17.26%
EBITDA Margin	14.34%	15.80%	14.08%	14.08%	7.19%	17.45%	14.49%	20.45%	10.92%	12.10%	10.30%
Operating Margin	7.46%	8.48%	6.78%	6.70%	-0.42%	9.54%	7.20%	13.67%	12.16%	7.96%	2.69%
EBIT Margin	7.46%	8.48%	6.78%	6.70%	-0.42%	9.54%	7.20%	13.67%	3.97%	4.50%	2.69%
Profit (Net Income) Margin	2.57%	3.43%	2.94%	4.10%	-5.71%	4.33%	2.71%	9.15%	-1.20%	-1.35%	-1.60%
Tax Burden Percent	58.96%	64.61%	73.45%	101.81%	146.36%	74.79%	51.81%	77.89%	-126.87%	-231.58%	210.20%
Interest Burden Percent	58.39%	62.68%	59.01%	60.09%	932.14%	60.76%	72.49%	85.91%	23.76%	12.93%	-28.32%
Effective Tax Rate	39.55%	33.43%	25.45%	38.99%	0.00%	25.21%	50.30%	22.11%	226.87%	331.58%	0.00%
Return on Invested Capital (ROIC)	6.67%	7.71%	6.90%	5.44%	-0.40%	9.46%	5.29%	16.09%	-22.35%	-24.54%	2.49%
ROIC Less NNEP Spread (ROIC-NNEP)	3.38%	4.48%	3.59%	5.46%	-8.98%	5.31%	3.59%	12.60%	8.58%	7.98%	-3.84%
Return on Net Nonoperating Assets (RNNOA)	23.43%	63.94%	24.42%	25.43%	-51.79%	45.25%	11.45%	23.32%	17.15%	18.58%	-10.26%
Return on Equity (ROE)	30.10%	71.65%	31.32%	30.87%	-52.19%	54.72%	16.74%	39.41%	-5.20%	-5.97%	-7.77%
Cash Return on Invested Capital (CROIC)	-35.80%	13.38%	-3.86%	10.80%	2.69%	21.89%	5.52%	5.53%	-27.61%	-19.35%	-1.03%
Operating Return on Assets (OROA)	5.32%	6.12%	4.93%	4.74%	-0.29%	6.28%	5.17%	10.47%	3.01%	3.21%	1.93%
Return on Assets (ROA)	1.83%	2.48%	2.14%	2.90%	-3.96%	2.86%	1.94%	7.01%	-0.91%	-0.96%	-1.15%
Return on Common Equity (ROCE)	23.65%	47.43%	25.78%	26.93%	-44.66%	43.32%	15.02%	36.71%	-4.81%	-5.44%	-6.96%
Return on Equity Simple (ROE_SIMPLE)	92.40%	90.55%	25.00%	35.88%	-81.80%	88.89%	23.89%	44.25%	-5.28%	-8.16%	0.00%
Net Operating Profit after Tax (NOPAT)	277	378	347	281	-20	435	228	730	-1,096	-1,204	121
NOPAT Margin	4.51%	5.64%	5.06%	4.09%	-0.29%	7.13%	3.58%	10.64%	-15.43%	-18.44%	1.88%
Net Nonoperating Expense Percent (NNEP)	3.29%	3.23%	3.31%	-0.02%	8.58%	4.15%	1.70%	3.49%	-30.93%	-32.52%	6.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	11.69%	-16.38%	-19.50%	1.88%
Cost of Revenue to Revenue	81.97%	80.45%	80.59%	81.34%	81.95%	84.04%	82.84%	82.31%	78.94%	84.00%	82.74%
SG&A Expenses to Revenue	7.73%	7.51%	7.05%	7.02%	6.56%	6.62%	6.81%	7.23%	7.60%	6.81%	6.75%
R&D to Revenue	1.04%	0.97%	0.87%	1.02%	1.02%	1.23%	1.29%	1.15%	1.29%	1.22%	0.65%
Operating Expenses to Revenue	10.58%	11.07%	12.62%	11.95%	18.47%	6.42%	9.96%	4.03%	8.90%	8.04%	14.57%
Earnings before Interest and Taxes (EBIT)	459	568	466	461	-28	581	458	937	282	294	173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	883	1,059	967	968	481	1,063	921	1,402	776	790	662
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.06	10.90	4.38	3.41	3.96	6.30	1.22	1.81	1.58	1.55	1.75
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	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.41	0.52	0.39	0.28	0.31	0.30	0.37	0.36	0.26	0.35
Price to Earnings (P/E)	20.34	13.24	19.68	10.43	0.00	7.51	12.66	4.40	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	1.68%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.92%	7.55%	5.08%	9.58%	0.00%	13.31%	7.90%	22.72%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.53	1.49	1.38	1.28	1.37	1.27	1.24	1.18	1.13	1.20
Enterprise Value to Revenue (EV/Rev)	1.24	1.09	1.15	1.01	0.94	0.97	0.86	0.86	0.84	0.82	0.92
Enterprise Value to EBITDA (EV/EBITDA)	8.63	6.87	8.20	7.16	13.01	5.53	5.92	4.23	7.68	6.81	8.95
Enterprise Value to EBIT (EV/EBIT)	16.60	12.82	17.01	15.02	0.00	10.12	11.90	6.33	21.13	18.29	34.24
Enterprise Value to NOPAT (EV/NOPAT)	27.46	19.25	22.82	24.63	0.00	13.53	23.95	8.12	0.00	0.00	48.91
Enterprise Value to Operating Cash Flow (EV/OCF)	12.53	9.69	10.99	8.76	15.46	12.87	7.93	38.50	7.29	10.99	9.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.09	0.00	12.41	46.93	5.85	22.94	23.64	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	19.97	14.68	5.70	5.93	9.86	12.82	2.92	3.09	2.84	4.12	3.46
Long-Term Debt to Equity	19.16	14.14	5.52	5.76	9.64	12.33	2.87	2.86	2.69	3.78	3.35
Financial Leverage	6.92	14.28	6.81	4.66	5.77	8.52	3.19	1.85	2.00	2.33	2.67
Leverage Ratio	16.44	28.90	14.64	10.65	13.19	19.16	8.62	5.62	5.72	6.21	6.75
Compound Leverage Factor	9.60	18.12	8.64	6.40	122.94	11.64	6.25	4.83	1.36	0.80	-1.91
Debt to Total Capital	95.23%	93.62%	85.07%	85.58%	90.79%	92.77%	74.47%	75.53%	73.93%	80.48%	77.58%
Short-Term Debt to Total Capital	3.90%	3.43%	2.61%	2.56%	2.03%	3.55%	1.11%	5.53%	3.71%	6.74%	2.51%
Long-Term Debt to Total Capital	91.34%	90.20%	82.46%	83.02%	88.76%	89.21%	73.36%	70.00%	70.22%	73.74%	75.06%
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	1.85%	1.92%	1.92%	1.83%	1.58%	1.88%	1.65%	1.78%	2.02%	2.04%	2.34%
Common Equity to Total Capital	2.92%	4.46%	13.01%	12.59%	7.63%	5.36%	23.88%	22.69%	24.05%	17.48%	20.08%
Debt to EBITDA	6.31	5.03	5.46	5.52	11.56	4.84	5.24	3.36	6.37	6.29	7.55
Net Debt to EBITDA	5.40	4.16	4.41	4.27	8.97	3.67	3.75	2.32	4.24	4.52	5.29
Long-Term Debt to EBITDA	6.05	4.85	5.30	5.35	11.30	4.65	5.16	3.12	6.05	5.76	7.31
Debt to NOPAT	20.09	14.09	15.21	18.99	-283.62	11.83	21.20	6.46	-4.51	-4.13	41.28
Net Debt to NOPAT	17.17	11.64	12.28	14.69	-220.10	8.99	15.19	4.45	-3.00	-2.97	28.94
Long-Term Debt to NOPAT	19.26	13.57	14.74	18.42	-277.30	11.38	20.88	5.99	-4.29	-3.78	39.94
Altman Z-Score	0.98	1.14	1.13	1.12	0.86	1.11	1.17	1.47	1.20	1.16	1.08
Noncontrolling Interest Sharing Ratio	21.43%	33.80%	17.67%	12.75%	14.41%	20.83%	10.27%	6.85%	7.52%	8.85%	10.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.09	1.06	1.07	1.25	1.21	1.36	1.10	1.23	1.15	1.25
Quick Ratio	0.45	0.52	0.51	0.48	0.59	0.62	0.77	0.65	0.68	0.60	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,490	656	-195	558	133	1,006	238	251	-1,354	-949	-50
Operating Cash Flow to CapEx	151.62%	203.52%	168.85%	150.67%	176.86%	151.83%	248.91%	34.92%	120.83%	83.16%	159.57%
Free Cash Flow to Firm to Interest Expense	-5.93	2.41	-0.73	2.14	0.43	3.79	1.10	1.05	-3.96	-2.83	-0.15
Operating Cash Flow to Interest Expense	2.42	2.76	2.69	3.03	1.30	1.72	3.18	0.64	2.39	1.46	1.76
Operating Cash Flow Less CapEx to Interest Expense	0.82	1.40	1.10	1.02	0.57	0.59	1.90	-1.20	0.41	-0.30	0.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.72	0.73	0.71	0.69	0.66	0.72	0.77	0.76	0.71	0.72
Accounts Receivable Turnover	11.07	11.74	11.05	11.35	11.44	9.79	9.67	9.44	9.93	10.51	10.96
Inventory Turnover	4.94	5.42	5.48	5.45	5.32	5.43	6.36	6.78	5.85	5.39	5.41
Fixed Asset Turnover	2.28	2.29	2.29	2.21	2.10	1.97	2.22	2.37	2.18	1.91	1.91
Accounts Payable Turnover	4.30	4.59	4.50	4.23	4.22	4.26	4.51	4.40	4.02	4.25	4.54
Days Sales Outstanding (DSO)	32.97	31.10	33.02	32.16	31.91	37.27	37.75	38.65	36.76	34.73	33.31
Days Inventory Outstanding (DIO)	73.85	67.35	66.56	67.01	68.67	67.24	57.43	53.82	62.44	67.66	67.45
Days Payable Outstanding (DPO)	84.96	79.44	81.06	86.29	86.44	85.63	80.96	82.95	90.84	85.79	80.42
Cash Conversion Cycle (CCC)	21.86	19.01	18.52	12.88	14.14	18.88	14.22	9.51	8.35	16.60	20.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,044	4,766	5,308	5,031	4,878	4,307	4,297	4,776	5,034	4,779	4,950
Invested Capital Turnover	1.48	1.37	1.36	1.33	1.35	1.33	1.48	1.51	1.45	1.33	1.32
Increase / (Decrease) in Invested Capital	1,767	-278	542	-277	-153	-571	-10	479	258	-255	171
Enterprise Value (EV)	7,619	7,280	7,927	6,926	6,260	5,880	5,451	5,930	5,959	5,376	5,923
Market Capitalization	2,746	2,768	3,542	2,681	1,849	1,870	1,887	2,571	2,534	1,676	2,267
Book Value per Share	$1.06	$1.57	$4.96	$4.95	$3.00	$1.89	$9.86	$9.13	$10.40	$6.98	$8.42
Tangible Book Value per Share	($18.12)	($16.47)	($13.63)	($13.40)	($11.81)	($12.59)	($3.69)	($4.24)	($0.76)	($2.85)	($2.48)
Total Capital	5,852	5,691	6,210	6,241	6,123	5,543	6,479	6,244	6,690	6,174	6,444
Total Debt	5,573	5,328	5,283	5,341	5,559	5,142	4,825	4,716	4,946	4,969	4,999
Total Long-Term Debt	5,345	5,133	5,121	5,181	5,435	4,945	4,753	4,371	4,698	4,553	4,837
Net Debt	4,765	4,403	4,266	4,131	4,314	3,906	3,457	3,248	3,290	3,574	3,505
Capital Expenditures (CapEx)	401	369	427	525	229	301	276	441	677	588	376
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	-103	-190	-202	66	33	20	-182	-127	0.00	-85
Debt-free Net Working Capital (DFNWC)	440	389	302	310	617	596	745	591	786	734	674
Net Working Capital (NWC)	212	194	140	150	493	399	673	246	538	318	512
Net Nonoperating Expense (NNE)	119	148	145	-0.74	362	171	56	103	-1,011	-1,116	224
Net Nonoperating Obligations (NNO)	4,765	4,403	4,381	4,131	4,314	3,906	2,643	3,248	3,290	3,574	3,505
Total Depreciation and Amortization (D&A)	424	491	501	507	509	482	463	465	494	496	489
Debt-free, Cash-free Net Working Capital to Revenue	0.67%	-1.54%	-2.77%	-2.94%	0.99%	0.54%	0.31%	-2.65%	-1.79%	0.00%	-1.32%
Debt-free Net Working Capital to Revenue	7.15%	5.80%	4.40%	4.51%	9.22%	9.78%	11.72%	8.62%	11.06%	11.24%	10.49%
Net Working Capital to Revenue	3.44%	2.89%	2.04%	2.18%	7.37%	6.55%	10.59%	3.59%	7.57%	4.87%	7.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.47)	$1.29	$1.11	$1.61	($2.58)	$1.59	$0.95	$3.76	($0.67)	($0.69)	($0.84)
Adjusted Weighted Average Basic Shares Outstanding	161.17M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.55M	152.36M
Adjusted Diluted Earnings per Share	($0.47)	$1.28	$1.10	$1.59	($2.58)	$1.57	$0.93	$3.67	($0.67)	($0.69)	($0.84)
Adjusted Weighted Average Diluted Shares Outstanding	161.17M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.55M	152.36M
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	160.98M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.07M	152.36M
Normalized Net Operating Profit after Tax (NOPAT)	277	378	347	281	-20	435	321	730	605	364	121
Normalized NOPAT Margin	4.51%	5.64%	5.06%	4.09%	-0.29%	7.13%	5.04%	10.64%	8.51%	5.57%	1.88%
Pre Tax Income Margin	4.35%	5.31%	4.00%	4.03%	-3.90%	5.80%	5.22%	11.74%	0.94%	0.58%	-0.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.83	2.09	1.74	1.77	-0.09	2.19	2.12	3.92	0.82	0.88	0.51
NOPAT to Interest Expense	1.11	1.39	1.30	1.08	-0.06	1.64	1.05	3.05	-3.21	-3.59	0.36
EBIT Less CapEx to Interest Expense	0.23	0.73	0.15	-0.25	-0.83	1.06	0.84	2.08	-1.16	-0.88	-0.60
NOPAT Less CapEx to Interest Expense	-0.49	0.03	-0.30	-0.93	-0.80	0.50	-0.22	1.21	-5.18	-5.35	-0.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.92%	6.96%	8.42%	7.80%	-12.57%	7.58%	9.30%	4.31%	-7.06%	-19.32%	-15.53%
Augmented Payout Ratio	77.22%	6.96%	10.89%	65.60%	-22.51%	7.58%	32.56%	10.69%	-54.12%	-64.77%	-54.37%

This table displays calculated financial ratios and metrics derived from O-I Glass' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	153,299,563.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	153,299,563.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.48
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.95%	-3.07%	-13.00%	-8.52%	-3.67%	-6.76%	-1.63%	-1.33%	-1.55%	-1.96%	-1.72%
EBITDA Growth	-42.82%	238.71%	-30.75%	-21.86%	-44.53%	-6.19%	-34.24%	-35.66%	75.91%	-127.92%	-38.66%
EBIT Growth	-62.15%	240.35%	-44.81%	-33.47%	-91.67%	-7.73%	-55.29%	-60.25%	1,080.00%	-147.49%	-100.00%
NOPAT Growth	-69.42%	393.51%	-53.90%	-45.95%	-91.46%	-7.73%	-145.88%	-90.47%	975.37%	-147.49%	100.00%
Net Income Growth	-76.17%	-3,414.29%	-63.81%	-45.13%	-235.71%	67.67%	-115.79%	-98.39%	148.68%	14.00%	-491.67%
EPS Growth	-77.93%	-3,812.50%	-65.12%	-47.83%	-262.50%	67.00%	-122.22%	-108.33%	136.54%	8.16%	-380.00%
Operating Cash Flow Growth	198.55%	0.79%	-39.90%	-14.09%	-43.66%	-16.54%	36.67%	-38.00%	12.04%	26.42%	-71.93%
Free Cash Flow Firm Growth	-54.41%	72.93%	87.86%	134.78%	143.88%	411.21%	692.43%	-74.52%	-93.58%	-160.61%	-149.86%
Invested Capital Growth	12.55%	5.40%	3.09%	-4.70%	-4.20%	-5.07%	-8.30%	-1.51%	0.97%	3.58%	4.08%
Revenue Q/Q Growth	-7.78%	-5.85%	-2.93%	8.54%	-2.89%	-8.87%	2.42%	8.87%	-3.11%	-9.26%	2.67%
EBITDA Q/Q Growth	-32.51%	-14.98%	179.30%	-3.05%	-52.10%	43.80%	-1.52%	-5.15%	30.98%	-122.82%	316.36%
EBIT Q/Q Growth	-50.41%	61.67%	143.81%	-5.29%	-93.79%	1,690.00%	-57.54%	-15.79%	84.38%	-172.03%	100.00%
NOPAT Q/Q Growth	-53.85%	65.71%	140.66%	-13.08%	-92.71%	1,690.00%	-140.44%	118.05%	723.33%	-179.04%	100.00%
Net Income Q/Q Growth	-50.44%	-928.57%	116.38%	-18.42%	-222.58%	-97.37%	92.00%	108.33%	3,600.00%	-448.65%	44.96%
EPS Q/Q Growth	-53.62%	-1,028.13%	115.15%	-20.00%	-244.44%	-88.46%	89.80%	70.00%	733.33%	-573.68%	46.67%
Operating Cash Flow Q/Q Growth	16.49%	12.39%	-170.87%	192.59%	-23.60%	66.49%	-153.77%	190.64%	38.06%	87.85%	-173.13%
Free Cash Flow Firm Q/Q Growth	46.29%	80.07%	93.67%	592.70%	-32.24%	41.38%	25.51%	-78.81%	-82.92%	-1,434.23%	-3.25%
Invested Capital Q/Q Growth	-2.73%	-19.25%	10.18%	-4.04%	-2.23%	-19.98%	22.14%	3.07%	0.23%	-17.91%	22.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.88%	14.14%	19.96%	17.52%	12.81%	13.66%	17.87%	17.53%	18.15%	15.33%	12.92%
EBITDA Margin	14.17%	12.80%	18.52%	16.54%	8.16%	12.88%	12.38%	10.79%	14.58%	-3.67%	7.73%
Operating Margin	6.88%	11.82%	10.67%	9.31%	0.60%	11.70%	4.85%	3.75%	7.14%	-5.67%	0.00%
EBIT Margin	6.88%	11.82%	10.67%	9.31%	0.60%	11.70%	4.85%	3.75%	7.14%	-5.67%	0.00%
Profit (Net Income) Margin	3.21%	-28.28%	4.77%	3.59%	-4.53%	-9.80%	-0.77%	0.06%	2.24%	-8.60%	-4.61%
Tax Burden Percent	68.29%	105.69%	64.96%	59.62%	133.33%	119.05%	-66.67%	14.29%	63.79%	97.73%	133.96%
Interest Burden Percent	68.33%	-226.29%	68.82%	64.60%	-570.00%	-70.39%	23.68%	10.94%	49.15%	155.29%	0.00%
Effective Tax Rate	31.71%	0.00%	35.04%	40.38%	0.00%	0.00%	166.67%	85.71%	36.21%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.72%	11.99%	7.59%	5.95%	0.45%	10.90%	-3.45%	0.57%	4.90%	-5.24%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.08%	-6.36%	6.81%	5.17%	-1.47%	2.88%	-2.60%	0.39%	4.05%	-7.20%	-1.54%
Return on Net Nonoperating Assets (RNNOA)	11.71%	-12.71%	16.19%	11.98%	-3.53%	6.70%	-7.72%	1.20%	12.43%	-19.24%	-5.30%
Return on Equity (ROE)	17.43%	-0.72%	23.79%	17.93%	-3.08%	17.60%	-11.17%	1.77%	17.33%	-24.48%	-5.30%
Cash Return on Invested Capital (CROIC)	-2.73%	-27.61%	-1.44%	5.51%	3.75%	-19.35%	13.54%	5.32%	4.13%	-1.03%	-2.86%
Operating Return on Assets (OROA)	5.36%	8.97%	7.78%	6.49%	0.41%	8.34%	3.48%	2.63%	4.95%	-4.07%	0.00%
Return on Assets (ROA)	2.50%	-21.45%	3.48%	2.50%	-3.15%	-6.99%	-0.55%	0.04%	1.55%	-6.18%	-3.34%
Return on Common Equity (ROCE)	17.43%	-0.67%	23.79%	17.93%	-3.08%	16.05%	-11.17%	1.77%	17.33%	-21.92%	-5.30%
Return on Equity Simple (ROE_SIMPLE)	18.60%	0.00%	-11.99%	-16.55%	-27.14%	0.00%	-14.09%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	82	136	110	96	7.00	125	-51	9.14	75	-60	0.00
NOPAT Margin	4.70%	8.28%	6.93%	5.55%	0.42%	8.19%	-3.23%	0.54%	4.55%	-3.97%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.63%	18.35%	0.78%	0.78%	1.93%	8.02%	-0.85%	0.18%	0.85%	1.96%	1.54%
Return On Investment Capital (ROIC_SIMPLE)	-	2.03%	-	-	-	2.03%	-0.81%	0.14%	1.14%	-0.92%	0.00%
Cost of Revenue to Revenue	79.12%	85.86%	80.04%	82.48%	87.19%	86.34%	82.13%	82.47%	81.85%	84.67%	87.08%
SG&A Expenses to Revenue	7.69%	7.07%	7.72%	6.36%	6.13%	7.12%	6.96%	6.21%	6.35%	7.60%	6.43%
R&D to Revenue	1.38%	1.65%	1.32%	1.16%	1.19%	1.24%	0.83%	0.64%	0.48%	0.67%	0.58%
Operating Expenses to Revenue	14.00%	2.32%	9.29%	8.21%	12.21%	1.96%	13.02%	13.77%	11.01%	21.00%	12.92%
Earnings before Interest and Taxes (EBIT)	120	194	170	161	10	179	76	64	118	-85	0.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	247	210	295	286	137	197	194	184	241	-55	119
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.58	1.41	1.06	1.38	1.55	1.41	1.67	1.36	1.75	1.12
Price to Tangible Book Value (P/TBV)	0.00	0.00	21.75	173.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.36	0.36	0.37	0.26	0.31	0.26	0.27	0.35	0.31	0.35	0.25
Price to Earnings (P/E)	6.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.18	1.12	1.02	1.09	1.13	1.09	1.15	1.09	1.20	1.03
Enterprise Value to Revenue (EV/Rev)	0.94	0.84	1.03	0.93	0.98	0.82	0.98	1.07	1.02	0.92	0.98
Enterprise Value to EBITDA (EV/EBITDA)	6.10	7.68	13.26	13.62	18.87	6.81	7.81	9.73	8.04	8.95	12.77
Enterprise Value to EBIT (EV/EBIT)	9.24	21.13	49.35	98.57	0.00	18.29	14.92	21.05	15.01	34.24	64.37
Enterprise Value to NOPAT (EV/NOPAT)	12.57	0.00	70.50	140.82	0.00	0.00	21.31	30.08	21.44	48.91	91.96
Enterprise Value to Operating Cash Flow (EV/OCF)	8.24	7.29	9.59	8.87	11.83	10.99	10.81	14.05	12.71	9.87	13.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	18.00	28.50	0.00	7.69	21.49	26.46	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.33	2.84	2.70	3.16	3.54	4.12	4.01	3.75	3.48	3.46	3.46
Long-Term Debt to Equity	2.25	2.69	2.26	2.85	3.18	3.78	3.83	3.58	3.36	3.35	3.35
Financial Leverage	2.30	2.00	2.38	2.32	2.40	2.33	2.97	3.04	3.07	2.67	3.44
Leverage Ratio	5.16	5.72	5.07	5.10	5.32	6.21	5.90	6.17	6.31	6.75	6.59
Compound Leverage Factor	3.52	-12.95	3.49	3.29	-30.30	-4.37	1.40	0.68	3.10	10.49	0.00
Debt to Total Capital	69.93%	73.93%	72.99%	75.94%	77.98%	80.48%	80.05%	78.95%	77.68%	77.58%	77.60%
Short-Term Debt to Total Capital	2.26%	3.71%	12.06%	7.38%	7.98%	6.74%	3.61%	3.63%	2.58%	2.51%	2.50%
Long-Term Debt to Total Capital	67.66%	70.22%	60.93%	68.56%	70.00%	73.74%	76.44%	75.32%	75.10%	75.06%	75.09%
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	0.00%	2.02%	0.00%	0.00%	0.00%	2.04%	0.00%	0.00%	0.00%	2.34%	0.00%
Common Equity to Total Capital	30.07%	24.05%	27.01%	24.06%	22.02%	17.48%	19.95%	21.05%	22.32%	20.08%	22.40%
Debt to EBITDA	4.46	6.37	9.21	11.29	15.16	6.29	6.16	7.21	6.27	7.55	10.14
Net Debt to EBITDA	3.74	4.24	8.47	9.82	12.98	4.52	5.64	6.53	5.59	5.29	9.49
Long-Term Debt to EBITDA	4.32	6.05	7.68	10.19	13.61	5.76	5.88	6.88	6.06	7.31	9.82
Debt to NOPAT	9.20	-4.51	48.95	116.73	-159.45	-4.13	16.81	22.29	16.72	41.28	73.05
Net Debt to NOPAT	7.72	-3.00	45.03	101.52	-136.50	-2.97	15.39	20.18	14.91	28.94	68.38
Long-Term Debt to NOPAT	8.90	-4.29	40.86	105.40	-143.13	-3.78	16.05	21.27	16.17	39.94	70.69
Altman Z-Score	1.08	1.17	1.00	0.99	0.94	1.11	0.98	0.97	0.98	0.99	0.91
Noncontrolling Interest Sharing Ratio	0.00%	7.52%	0.00%	0.00%	0.00%	8.85%	0.00%	0.00%	0.00%	10.45%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.23	1.02	1.26	1.23	1.15	1.24	1.24	1.33	1.25	1.26
Quick Ratio	0.75	0.68	0.46	0.62	0.68	0.60	0.61	0.64	0.73	0.65	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-613	-122	-81	397	269	380	477	101	17	-231	-238
Operating Cash Flow to CapEx	179.37%	170.85%	-126.76%	156.25%	155.28%	324.49%	-140.16%	156.57%	232.61%	638.10%	-214.60%
Free Cash Flow to Firm to Interest Expense	-7.86	-1.57	-1.03	4.56	3.09	4.58	5.89	1.19	0.19	-2.74	-3.01
Operating Cash Flow to Interest Expense	4.35	4.88	-3.46	2.87	2.20	3.83	-2.11	1.82	2.35	4.79	-3.72
Operating Cash Flow Less CapEx to Interest Expense	1.92	2.03	-6.19	1.03	0.78	2.65	-3.62	0.66	1.34	4.04	-5.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.76	0.73	0.70	0.70	0.71	0.72	0.70	0.69	0.72	0.72
Accounts Receivable Turnover	8.63	9.93	7.64	7.85	8.52	10.51	8.35	8.24	7.66	10.96	8.19
Inventory Turnover	5.96	5.85	4.97	5.01	5.19	5.39	5.01	5.11	5.28	5.41	5.40
Fixed Asset Turnover	2.40	2.18	2.08	2.00	1.97	1.91	1.88	1.87	1.86	1.91	1.88
Accounts Payable Turnover	4.65	4.02	4.48	4.49	4.76	4.25	5.01	4.91	4.94	4.54	5.16
Days Sales Outstanding (DSO)	42.28	36.76	47.78	46.51	42.86	34.73	43.74	44.29	47.63	33.31	44.58
Days Inventory Outstanding (DIO)	61.22	62.44	73.47	72.81	70.33	67.66	72.86	71.38	69.08	67.45	67.55
Days Payable Outstanding (DPO)	78.42	90.84	81.54	81.36	76.68	85.79	72.89	74.31	73.88	80.42	70.78
Cash Conversion Cycle (CCC)	25.08	8.35	39.71	37.96	36.51	16.60	43.71	41.36	42.84	20.34	41.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,234	5,034	6,365	6,108	5,972	4,779	5,837	6,016	6,030	4,950	6,075
Invested Capital Turnover	1.22	1.45	1.10	1.07	1.09	1.33	1.07	1.07	1.08	1.32	1.07
Increase / (Decrease) in Invested Capital	695	258	191	-301	-262	-255	-528	-92	58	171	238
Enterprise Value (EV)	6,715	5,959	7,106	6,210	6,529	5,376	6,355	6,927	6,558	5,923	6,244
Market Capitalization	2,594	2,534	2,567	1,733	2,038	1,676	1,767	2,280	1,998	2,267	1,601
Book Value per Share	$13.63	$10.40	$11.84	$10.47	$9.53	$6.98	$8.11	$8.85	$9.54	$8.42	$9.40
Tangible Book Value per Share	($0.03)	($0.76)	$0.76	$0.06	($0.88)	($2.85)	($2.01)	($1.90)	($1.32)	($2.48)	($1.43)
Total Capital	7,026	6,690	6,760	6,779	6,727	6,174	6,261	6,503	6,586	6,444	6,392
Total Debt	4,913	4,946	4,934	5,148	5,246	4,969	5,012	5,134	5,116	4,999	4,960
Total Long-Term Debt	4,754	4,698	4,119	4,648	4,709	4,553	4,786	4,898	4,946	4,837	4,800
Net Debt	4,121	3,290	4,539	4,477	4,491	3,574	4,588	4,647	4,560	3,505	4,643
Capital Expenditures (CapEx)	189	223	213	160	123	98	122	99	92	63	137
Debt-free, Cash-free Net Working Capital (DFCFNWC)	196	-127	478	414	312	0.00	262	251	281	-85	333
Debt-free Net Working Capital (DFNWC)	988	786	873	1,085	1,067	734	686	738	837	674	650
Net Working Capital (NWC)	829	538	58	585	530	318	460	502	667	512	490
Net Nonoperating Expense (NNE)	26	600	34	34	83	275	-39	8.14	38	70	71
Net Nonoperating Obligations (NNO)	4,121	3,290	4,539	4,477	4,491	3,574	4,588	4,647	4,560	3,505	4,643
Total Depreciation and Amortization (D&A)	127	16	125	125	127	18	118	120	123	30	119
Debt-free, Cash-free Net Working Capital to Revenue	2.74%	-1.79%	6.96%	6.17%	4.70%	0.00%	4.03%	3.87%	4.35%	-1.32%	5.20%
Debt-free Net Working Capital to Revenue	13.80%	11.06%	12.71%	16.18%	16.06%	11.24%	10.55%	11.39%	12.96%	10.49%	10.16%
Net Working Capital to Revenue	11.58%	7.57%	0.84%	8.72%	7.98%	4.87%	7.07%	7.74%	10.33%	7.97%	7.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	($3.04)	$0.46	$0.37	($0.52)	($1.00)	($0.10)	($0.03)	$0.19	($0.90)	($0.48)
Adjusted Weighted Average Basic Shares Outstanding	154.70M	154.65M	154.27M	155.28M	154.62M	154.55M	153.71M	153.99M	153.57M	152.36M	152.68M
Adjusted Diluted Earnings per Share	$0.32	($2.97)	$0.45	$0.36	($0.52)	($0.98)	($0.10)	($0.03)	$0.19	($0.90)	($0.48)
Adjusted Weighted Average Diluted Shares Outstanding	159.29M	154.65M	158.47M	157.38M	154.62M	154.55M	153.71M	153.99M	155.22M	152.36M	152.68M
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	154.73M	153.67M	155.72M	155.36M	154.65M	154.07M	154.68M	154.07M	153.59M	152.36M	153.30M
Normalized Net Operating Profit after Tax (NOPAT)	82	136	110	96	7.00	125	53	45	75	-60	0.00
Normalized NOPAT Margin	4.70%	8.28%	6.93%	5.55%	0.42%	8.19%	3.40%	2.63%	4.55%	-3.97%	0.00%
Pre Tax Income Margin	4.70%	-26.75%	7.34%	6.02%	-3.39%	-8.24%	1.15%	0.41%	3.51%	-8.80%	-3.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.54	2.49	2.18	1.85	0.11	2.16	0.94	0.75	1.30	-1.01	0.00
NOPAT to Interest Expense	1.05	1.74	1.42	1.10	0.08	1.51	-0.63	0.11	0.83	-0.71	0.00
EBIT Less CapEx to Interest Expense	-0.88	-0.37	-0.55	0.01	-1.30	0.98	-0.57	-0.41	0.29	-1.76	-1.73
NOPAT Less CapEx to Interest Expense	-1.37	-1.12	-1.32	-0.74	-1.33	0.33	-2.13	-1.06	-0.18	-1.46	-1.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.76%	-7.06%	0.00%	-4.44%	-2.99%	-19.32%	0.00%	-6.75%	-14.52%	-15.53%	0.00%
Augmented Payout Ratio	10.94%	-54.12%	-18.26%	-19.26%	-12.94%	-64.77%	-22.73%	-23.63%	-46.77%	-54.37%	-24.69%

Financials Breakdown Chart

Key Financial Trends

Here are key four-year trends for O-I Glass (OI) based on the company’s quarterly statements. The focus is on cash flow, earnings, margins, and leverage to give retail investors a sense of direction over the period.

Operating cash flow from continuing activities remained solid and rose into 2025, reaching about $402 million in Q4 2025 (vs. $318 million in Q4 2024), signaling stronger cash generation even as earnings swing.
In 2025 Q3, the company posted positive net income to common (~$30 million) and basic EPS of $0.19, showing periods of genuine quarterly profitability amid volatility.
Gross margin showed improvement in 2025, with Q3 2025 gross profit near $300 million on about $1.65 billion in revenue (roughly 18%), higher than the mid-teens margins seen in much of the prior years.
Liquidity remains adequate in the latest periods: cash around $556 million in Q3 2025, total current assets about $2.66 billion, and total current liabilities near $2.0 billion, yielding a reasonable cushion.
Capital expenditure has been steady, with quarterly purchases of PPE typically in the $90–$110 million range (e.g., about $93 million in Q4 2025, $100 million in Q3 2025, $104 million in Q2 2025).
Debt financing activity in 2025 included a large debt issuance of about $1.62 billion in Q3 2025 to bolster liquidity and funding, which can support operations but increases leverage.
From a four-year view, revenue has trended lower, moving from around $1.69–$1.72 billion in 2022 to roughly $1.50–$1.59 billion in 2024–2025, signaling ongoing top-line pressure.
Net income to common shareholders has been negative in several quarters, with Q4 2025 reporting a loss of about $138 million and notable losses in some prior periods (e.g., Q4 2023), highlighting ongoing earnings volatility.
Quarterly earnings quality has been volatile—positive in some quarters (e.g., 2025 Q3) but negative in others (e.g., 2025 Q4), indicating uneven quarterly performance and elevated earnings risk.
The balance sheet remains highly leveraged, with total liabilities around $7.8 billion and equity near $1.5–$2.0 billion in mid-2025, implying a leveraged capital structure and greater debt service risk.

05/21/26 06:45 PM ETAI Generated. May Contain Errors.

O-I Glass Financials - Frequently Asked Questions

According to the most recent income statement we have on file, O-I Glass' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

O-I Glass' net income appears to be on a downward trend, with a most recent value of -$103 million in 2025, falling from $158 million in 2015. The previous period was -$88 million in 2024. View O-I Glass' forecast to see where analysts expect O-I Glass to go next.

O-I Glass' total operating income in 2025 was $173 million, based on the following breakdown:

Total Gross Profit: $1.11 billion
Total Operating Expenses: $936 million

Over the last 10 years, O-I Glass' total revenue changed from $6.16 billion in 2015 to $6.43 billion in 2025, a change of 4.4%.

O-I Glass' total liabilities were at $7.80 billion at the end of 2025, a 4.7% increase from 2024, and a 14.7% decrease since 2015.

In the past 10 years, O-I Glass' cash and equivalents has ranged from $399 million in 2015 to $913 million in 2023, and is currently $759 million as of their latest financial filing in 2025.

Over the last 10 years, O-I Glass' book value per share changed from 1.06 in 2015 to 8.42 in 2025, a change of 692.4%.

Related Companies

Financial statements for NYSE:OI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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O-I Glass (OI) Financials

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O-I Glass (OI) Financials

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