Ball Corporation (BALL) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.98

$0.95$1.05

vs $0.90+9.1%

14 analysts

Next Qtr

$1.07

$1.00$1.19

vs $1.02+4.9%

14 analysts

Current Yr

$4.00

$3.94$4.05

vs $3.57+12.0%

15 analysts

Next Yr

$4.52

$4.40$4.58

vs $4.00+13.1%

15 analysts

Revenue Estimates

Current Qtr

$3.68B

$3.43B$4.02B

vs $3.34B+10.2%

13 analysts

Next Qtr

$3.65B

$3.46B$3.90B

vs $3.38B+8.0%

13 analysts

Current Yr

$14.45B

$13.71B$15.28B

vs $13.16B+9.8%

14 analysts

Next Yr

$14.96B

$14.27B$15.78B

vs $14.45B+3.5%

14 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for BALL on EDGAR.

BALL filing events and research context
Filed	Item	Context
Feb 19, 2026	business	Ball Corporation is a global leader in aluminum packaging, primarily serving the beverage, personal care, and household product industries. With 2025 consolidated net sales of $13.16 billion, the company’s core product line consists of aluminum beverage containers, complemented by extruded aerosol containers, recloseable bottles, and aluminum slugs. Ball maintains a high-retention customer base through long-term supply contracts with major multinational corporations. The company’s financial strategy targets long-term comparable diluted earnings per share growth exceeding 10 percent annually, prioritizing cash flow maximization and Economic Value Added (EVA) to fund operations, debt service, shareholder returns, and strategic growth initiatives. A central pillar of Ball’s competitive strategy is the "substrate shift" toward aluminum, driven by increasing consumer demand for sustainable packaging and tightening global regulations. The company leverages the high circularity of aluminum—which currently features a 75 percent global recycling rate—to align with the climate targets of its customers. Ball is committed to a 55 percent reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050. By focusing on operational efficiency, supply chain optimization, and the use of certified sustainable materials, Ball positions its packaging as a solution for brands seeking to mitigate regulatory exposure and meet evolving environmental standards.
Feb 19, 2026	mda	Ball Corporation’s 2025 financial performance reflects its transition to a pure-play beverage packaging company following the February 2024 divestiture of its aerospace business. Consolidated net sales rose to $13.16 billion, a $1.37 billion increase over 2024, driven by higher sales volumes, favorable price-mix dynamics linked to rising aluminum costs, and currency translation. Despite top-line growth, net earnings fell to $912 million from $4.01 billion in 2024, primarily due to the absence of the significant one-time gain from the aerospace sale. Operational efficiency improved as SG&A expenses declined to 4% of net sales, aided by the elimination of aerospace-related compensation costs. The company also benefited from a $41 million gain in business consolidation activities, contrasting with the $420 million in charges incurred in 2024, which were largely tied to the impairment of the aluminum cups business. However, cost of sales rose to 80% of net sales, pressured by $1.09 billion in higher raw material costs. Interest expense increased to $314 million due to higher average debt levels from new note issuances. Moving forward, Ball’s profitability remains sensitive to aluminum price volatility and the ongoing integration of its three core regional beverage packaging segments.
Feb 19, 2026	risk_factors	Ball Corporation faces significant operational and financial risks centered on its heavy reliance on the beverage packaging market. The company’s revenue is highly concentrated among a limited number of major beverage, personal care, and household product customers, making it vulnerable to contract losses or shifts in purchasing requirements. Furthermore, Ball’s aluminum containers face intense competition from substitute materials like PET plastic and glass, and the company’s profitability is sensitive to fluctuations in global aluminum prices and supply chain disruptions. Financially, Ball carries a substantial debt load of over $7 billion, which restricts capital allocation, limits flexibility during economic downturns, and increases sensitivity to rising interest rates. The company’s global footprint—with over half of sales generated outside the U.S.—exposes it to currency volatility, geopolitical instability, and complex international tax regulations. Additionally, Ball faces ongoing regulatory pressure regarding environmental compliance, including potential costs to transition to PFAS-free coatings and evolving ESG reporting requirements. Operational risks include the potential for labor strikes at unionized facilities, the threat of sophisticated IT security breaches, and the need to manage goodwill impairment risks. Failure to effectively integrate acquisitions or manage capacity in regional markets could further erode margins and competitive standing.

Filed

Item

Context

Feb 19, 2026

business

Ball Corporation is a global leader in aluminum packaging, primarily serving the beverage, personal care, and household product industries. With 2025 consolidated net sales of $13.16 billion, the company’s core product line consists of aluminum beverage containers, complemented by extruded aerosol containers, recloseable bottles, and aluminum slugs. Ball maintains a high-retention customer base through long-term supply contracts with major multinational corporations. The company’s financial strategy targets long-term comparable diluted earnings per share growth exceeding 10 percent annually, prioritizing cash flow maximization and Economic Value Added (EVA) to fund operations, debt service, shareholder returns, and strategic growth initiatives. A central pillar of Ball’s competitive strategy is the "substrate shift" toward aluminum, driven by increasing consumer demand for sustainable packaging and tightening global regulations. The company leverages the high circularity of aluminum—which currently features a 75 percent global recycling rate—to align with the climate targets of its customers. Ball is committed to a 55 percent reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050. By focusing on operational efficiency, supply chain optimization, and the use of certified sustainable materials, Ball positions its packaging as a solution for brands seeking to mitigate regulatory exposure and meet evolving environmental standards.

Feb 19, 2026

mda

Ball Corporation’s 2025 financial performance reflects its transition to a pure-play beverage packaging company following the February 2024 divestiture of its aerospace business. Consolidated net sales rose to $13.16 billion, a $1.37 billion increase over 2024, driven by higher sales volumes, favorable price-mix dynamics linked to rising aluminum costs, and currency translation. Despite top-line growth, net earnings fell to $912 million from $4.01 billion in 2024, primarily due to the absence of the significant one-time gain from the aerospace sale. Operational efficiency improved as SG&A expenses declined to 4% of net sales, aided by the elimination of aerospace-related compensation costs. The company also benefited from a $41 million gain in business consolidation activities, contrasting with the $420 million in charges incurred in 2024, which were largely tied to the impairment of the aluminum cups business. However, cost of sales rose to 80% of net sales, pressured by $1.09 billion in higher raw material costs. Interest expense increased to $314 million due to higher average debt levels from new note issuances. Moving forward, Ball’s profitability remains sensitive to aluminum price volatility and the ongoing integration of its three core regional beverage packaging segments.

Feb 19, 2026

risk_factors

Ball Corporation faces significant operational and financial risks centered on its heavy reliance on the beverage packaging market. The company’s revenue is highly concentrated among a limited number of major beverage, personal care, and household product customers, making it vulnerable to contract losses or shifts in purchasing requirements. Furthermore, Ball’s aluminum containers face intense competition from substitute materials like PET plastic and glass, and the company’s profitability is sensitive to fluctuations in global aluminum prices and supply chain disruptions. Financially, Ball carries a substantial debt load of over $7 billion, which restricts capital allocation, limits flexibility during economic downturns, and increases sensitivity to rising interest rates. The company’s global footprint—with over half of sales generated outside the U.S.—exposes it to currency volatility, geopolitical instability, and complex international tax regulations. Additionally, Ball faces ongoing regulatory pressure regarding environmental compliance, including potential costs to transition to PFAS-free coatings and evolving ESG reporting requirements. Operational risks include the potential for labor strikes at unionized facilities, the threat of sophisticated IT security breaches, and the need to manage goodwill impairment risks. Failure to effectively integrate acquisitions or manage capacity in regional markets could further erode margins and competitive standing.

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BALL filing events and research context

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