BALL CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2 | 0.0 |
| Stockholders' equity | 5,421 | 100.0 |
| Total capitalization | 5,423 | 100.0 |
264,703,357 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 4 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2 |
| Long-term debt, noncurrent | 6,991 |
| Current maturities | 2 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,100,000,000 |
| Common shares issued | 685,107,438 |
| Treasury shares | 419,733,252 |
| Outstanding at 7/31/26 | 264,703,357 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 0.80 | 24.2 |
| 2024 | 0.80 | 6.2 |
| 2023 | 0.80 | 35.9 |
| 2022 | 0.80 | 35.6 |
| 2021 | 0.70 | 26.4 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Indiana.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3411, Metal Cans. Large accelerated filer. Principal executive office: 9200 W. 108Th Circle, Westminster, CO 80021. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 13,161 | 11,795 | 12,062 |
| Research and development | – | – | 55 |
| Selling, general and administrative | 566 | 647 | 532 |
| Depreciation and amortization | 622 | 611 | 605 |
| Operating income | – | – | 1,273 |
| Interest expense | 314 | 293 | 460 |
| Income before income taxes | 1,128 | 535 | 614 |
| Income taxes | 240 | 133 | 146 |
| Net income | 915 | 4,014 | 711 |
| Earned per share, diluted ($) | 3.30 | 13.00 | 2.23 |
| Dividends per share ($) | 0.80 | 0.80 | 0.80 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,212 | 885 |
| Receivables, net | 2,057 | 1,736 |
| Inventories | 2,013 | 1,477 |
| Total current assets | 6,113 | 4,841 |
| Property, plant and equipment, net | 6,656 | 6,173 |
| Goodwill | 4,379 | 4,172 |
| Total assets | 19,524 | 17,628 |
| Total current liabilities | 5,487 | 4,847 |
| Long-term debt | 6,991 | 5,312 |
| Total liabilities | 14,103 | 11,698 |
| Stockholders' equity | 5,421 | 5,862 |
| Total liabilities and equity | 19,524 | 17,628 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 13,161 | – | 912 | 6.9 | 3.30 | 0.80 | 1,262 | 474 | 788 | 19,524 | 14,103 | 2 | 5,421 | 16.8 | 0.00 |
| 12/31/24 | 11,795 | – | 4,008 | 34.0 | 13.00 | 0.80 | 115 | 484 | (369) | 17,628 | 11,698 | 26 | 5,862 | 68.4 | 0.00 |
| 12/31/23 | 12,062 | 1,273 | 707 | 5.9 | 2.23 | 0.80 | 1,863 | 1,045 | 818 | 19,303 | 15,466 | 3 | 3,769 | 18.8 | 0.00 |
| 12/31/22 | 13,372 | 1,214 | 719 | 5.4 | 2.25 | 0.80 | 301 | 1,651 | (1,350) | 19,909 | 16,382 | 8,543 | 3,461 | 20.8 | 2.47 |
| 12/31/21 | 13,811 | 1,291 | 878 | 6.4 | 2.65 | 0.70 | 1,760 | 1,726 | 34 | 19,714 | 16,029 | 7,725 | 3,627 | 24.2 | 2.13 |
| 12/31/20 | 11,781 | 1,003 | 585 | 5.0 | 1.76 | 0.60 | 1,432 | 1,113 | 319 | 18,252 | 14,915 | 7,786 | 3,275 | 17.9 | 2.38 |
| 12/31/19 | 11,474 | 932 | 566 | 4.9 | 1.66 | 0.55 | 1,548 | 598 | 950 | 17,360 | 14,341 | 7,791 | 2,949 | 19.2 | 2.64 |
| 12/31/18 | 11,635 | 935 | 454 | 3.9 | 1.29 | 0.40 | 1,566 | 816 | 750 | 16,554 | 12,992 | 6,518 | 3,458 | 13.1 | 1.88 |
| 12/31/17 | 10,983 | 802 | 374 | 3.4 | 1.05 | 0.36 | 1,478 | 556 | 922 | 17,169 | 13,123 | 6,631 | 3,941 | 9.5 | 1.68 |
| 12/31/16 | 9,061 | 463 | 263 | 2.9 | 0.81 | 0.26 | 193 | 606 | (413) | 16,173 | 12,632 | 7,389 | 3,435 | 7.7 | 2.15 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
BALL Corp
CIK 9389 · EIN 35-0160610
PRINCIPAL OFFICE:
9200 W. 108Th Circle, Westminster, CO 80021
Tel.: 3034695511
INCORPORATED:
Indiana
INDUSTRY (SEC SIC CODE):
3411 · Metal Cans
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 19 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/19/26) · 10-K FY2024 (filed 2/20/25) · 10-K FY2023 (filed 2/20/24) · 10-K FY2022 (filed 2/21/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/17/21) · 10-K FY2019 (filed 2/19/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.