Ball Corporation
- Open
- 63.41
- Day high
- 63.81
- Day low
- 62.34
- Prev close
- 63.30
- Volume
- 124K
- Mkt cap
- $16.6B
- P/E (TTM)
- 17.7
- EPS (TTM)
- $3.53
- P/B
- 2.9
- P/S
- 1.2
- Yield
- 1.28%
- Per share
- $0.80
- ▼Insiders net selling -$914K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Ball Corporation (BALL) is a Consumer Cyclical company listed on NYSE. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering BALL.
Ball Corporation (BALL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BALL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $0.99 | $1.03 | +4.1% | $4.0B | +8.3% |
| May 5, 2026 | $0.85 | $0.94 | +10.6% | $3.6B | +7.8% |
| Feb 3, 2026 | $0.90 | $0.91 | +1.1% | $3.3B | +1.2% |
| Nov 4, 2025 | $1.02 | $1.02 | +0.0% | $3.4B | +1.6% |
| Feb 4, 2025 | $0.81 | $0.84 | +3.3% | $2.9B | -3.2% |
| Oct 31, 2024 | $0.86 | $0.91 | +5.8% | $3.1B | -1.8% |
| Aug 1, 2024 | $0.70 | $0.74 | +6.2% | $3.0B | -4.1% |
| Apr 26, 2024 | $0.55 | $0.68 | +23.0% | $2.9B | -10.5% |
| Feb 1, 2024 | $0.76 | $0.78 | +2.5% | $3.4B | -4.2% |
| Nov 2, 2023 | $0.80 | $0.83 | +3.2% | $3.6B | -6.2% |
| Aug 3, 2023 | $0.62 | $0.61 | -1.6% | $3.6B | -7.3% |
| May 4, 2023 | $0.50 | $0.69 | +37.5% | $3.0B | -16.7% |
BALL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Glew Mandyofficer: SVP and President, EMEA | Option | 2,278 | $56.64 |
| Aug 26, 2026 | Glew Mandyofficer: SVP and President, EMEA | Option | 1,788 | $55.87 |
| Aug 26, 2026 | Glew Mandyofficer: SVP and President, EMEA | Option | 2,015 | $51.35 |
| Aug 26, 2026 | Glew Mandyofficer: SVP and President, EMEA | Sell | 5,626 | $63.80 |
| Aug 13, 2026 | Goodwin Deronofficer: VP, Global Head of Treasury | Sell | 1,869 | $62.99 |
| Aug 13, 2026 | Goodwin Deronofficer: VP, Global Head of Treasury | Option | 6,940 | $37.59 |
| Aug 13, 2026 | Goodwin Deronofficer: VP, Global Head of Treasury | Sell | 6,940 | $63.04 |
| Jun 17, 2026 | Sapp Betty J.director | Grant | 229 | — |
| Jun 17, 2026 | Ross Cathy Ddirector | Option | 102 | — |
| Jun 17, 2026 | Sapp Betty J.director | Option | 1,145 | — |
| May 1, 2026 | PANICHELLA JOHN Edirector | Grant | 2,903 | — |
| May 1, 2026 | Ross Cathy Ddirector | Grant | 327 | — |
| May 1, 2026 | ERTER AARON Mdirector | Grant | 2,903 | — |
| May 1, 2026 | TAYLOR STUART A IIdirector | Option | 3,369 | — |
| May 1, 2026 | Penegor Todd Allandirector | Option | 3,369 | — |
Source: BALL SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full BALL insider & 13F page →Ball Corporation company profile
Overview
Ball Corporation (NYSE:BALL) is a leading manufacturer of aluminum packaging products and aerospace technologies, founded in 1880 and headquartered in Westminster, Colorado. Originally established as a glass jar manufacturer, the company has evolved into a global packaging giant serving the beverage industry and a specialized aerospace contractor. Ball went public in 1972 and has undergone significant transformation over the decades, most notably divesting its aerospace business in 2023 for $5.6 billion to focus entirely on sustainable aluminum packaging solutions. Today, the company operates manufacturing facilities across North America, Europe, South America, and other international markets, positioning itself as a critical supplier to major beverage brands worldwide.
Business
Ball Corporation operates primarily in the aluminum packaging industry, which serves as a crucial link between raw aluminum suppliers and beverage manufacturers. The company's core business revolves around manufacturing aluminum beverage containers - the cans that hold carbonated soft drinks, beer, energy drinks, and other beverages consumed globally. The aluminum packaging industry exists because beverage companies need lightweight, durable, and recyclable containers that preserve product quality while being cost-effective to transport. Aluminum cans offer superior barrier properties compared to plastic bottles, preventing light and oxygen from degrading beverages, while being infinitely recyclable without quality loss. This makes aluminum packaging increasingly attractive as consumers and regulators demand more sustainable packaging solutions. Ball's business segments include: 1. Beverage Packaging, North and Central America - Manufacturing aluminum cans for the North American market, representing the company's largest regional operation serving major soft drink and beer producers. 2. Beverage Packaging, Europe, Middle East and Africa (EMEA) - Serving European and regional markets with strong growth momentum, particularly in energy drinks and premium beverage categories. 3. Beverage Packaging, South America - Operations primarily in Brazil, Argentina, Chile, and Paraguay, with significant exposure to local economic conditions and currency fluctuations. 4. Extruded Aluminum Products - Manufacturing aerosol containers, recloseable aluminum bottles, aluminum cups, and aluminum slugs for personal care, household products, and specialty applications. The beverage packaging segments collectively represent over 90% of Ball's revenue, with North America historically being the largest contributor, though EMEA and South America have shown stronger growth rates in recent quarters.
Revenue model
Ball Corporation generates revenue primarily through product sales of aluminum packaging containers to beverage manufacturers and consumer goods companies. The company operates on a business-to-business model, where major customers include Coca-Cola, PepsiCo, Anheuser-Busch InBev, and other global beverage brands who purchase billions of cans annually. The revenue model is relatively straightforward: Ball manufactures aluminum cans and containers, then sells them at negotiated prices to beverage fillers. Pricing typically includes cost pass-through mechanisms that help protect margins when raw aluminum prices fluctuate. The company benefits from long-term supply contracts with major customers, providing revenue visibility and operational planning advantages. Several factors influence Ball's profitability margins: Positive margin drivers include operational efficiency improvements through the company's standardization initiatives across global plants, economies of scale from high-volume production, successful cost pass-through negotiations with customers when aluminum prices rise, and growing demand for sustainable packaging driving premium pricing opportunities. The company's "Drive for 10" strategy targets $500 million in gross cost savings through operational excellence. Negative margin pressures come from volatile aluminum commodity prices that can squeeze margins if not successfully passed through to customers, intense competition among packaging suppliers leading to pricing pressure, economic downturns that reduce beverage consumption and force customers to seek cost reductions, currency fluctuations in international markets (particularly problematic in Argentina), and the need for continuous capital investment in manufacturing equipment and new facilities to maintain competitiveness. The company's margin sustainability depends heavily on its ability to maintain strong relationships with major beverage customers while successfully navigating commodity price volatility through effective contract structures.
Competitive moat
Ball Corporation possesses a moderate economic moat based primarily on high barriers to entry and switching costs, though this moat faces ongoing competitive pressures. The company's competitive advantages stem from several key factors. Capital intensity and scale requirements create significant barriers to entry in aluminum can manufacturing. Building new production facilities requires hundreds of millions of dollars in investment, specialized equipment, and years of operational optimization. Ball's global manufacturing footprint and economies of scale allow it to spread fixed costs across billions of units, making it difficult for smaller competitors to match its cost structure. Customer relationship strength provides switching cost advantages, as major beverage companies prefer working with established suppliers who can guarantee consistent quality, delivery reliability, and global production capacity. Ball's long-term supply contracts with industry giants like Coca-Cola and PepsiCo create revenue stability and make customer defection costly and disruptive. Technical expertise and operational knowledge accumulated over decades of aluminum packaging manufacturing create competitive advantages in production efficiency, quality control, and innovation capabilities that newer entrants struggle to replicate quickly. However, Ball's moat faces meaningful challenges. The aluminum packaging industry has several large, well-capitalized competitors including Crown Holdings and Silgan Holdings, limiting pricing power. Additionally, potential substrate substitution represents a long-term threat, as beverage companies could shift toward alternative packaging materials like advanced plastics or glass if cost dynamics change significantly. The company's moat is also geographically uneven - stronger in markets with high barriers to entry but weaker in regions where local competitors can operate effectively with lower cost structures. Overall, Ball maintains a defendable competitive position, but sustained profitability requires continuous operational improvement and strategic customer relationship management.
Risks & safety
Ball Corporation presents moderate financial risk with adequate but not exceptional margin of safety characteristics. **Liquidity and Solvency:** - Current ratio of 1.04 indicates tight but manageable short-term liquidity - Cash position of $449 million provides limited buffer for operational flexibility - Debt-to-equity ratio of 1.22 represents elevated but manageable leverage levels - Free cash flow of -$746 million in Q1 2025 raises concerns about cash generation timing, though this reflects seasonal working capital patterns **Valuation Metrics:** - EV/EBITDA of 11.7x suggests reasonable but not cheap valuation - P/E ratio of 20.6x indicates market expects continued growth - Price-to-book ratio of 2.68x reflects premium to tangible assets **Other Considerations:** - Strong EBITDA generation of $449 million quarterly demonstrates underlying profitability - Aggressive share repurchase program ($1.3+ billion planned for 2025) supports per-share value creation - Cyclical industry exposure creates earnings volatility risk during economic downturns - Commodity price exposure requires active hedging and contract management
Recent development
Ball Corporation has undergone significant strategic transformation over the past few years, most notably completing the divestiture of its aerospace business for $5.6 billion in 2023. This landmark transaction allowed the company to focus entirely on aluminum packaging while providing substantial cash for debt reduction and shareholder returns. The company has pursued aggressive operational efficiency initiatives through its "Ball Business System," targeting standardization across global manufacturing facilities. Management expects to achieve 80% standardization within 2-3 years, with a goal of generating $500 million in gross cost savings. This standardization effort includes implementing best practices, improving plant efficiency, and reducing manufacturing complexity across the global footprint. Geographic expansion and capacity optimization has been another key focus area. Ball acquired a Florida can manufacturing facility for $160 million and announced plans to build a two-line can plant in Oregon to serve growing West Coast demand. In Europe, the company acquired Alucan Entec to expand its extruded aluminum aerosol and beverage bottle capabilities. The company has also been evaluating strategic alternatives for underperforming segments, particularly its aluminum cups business, which has struggled with inflation, weakened consumer demand, and complex recycling infrastructure challenges. Management is pursuing potential strategic partnerships or divestiture options for this segment. Capital allocation strategy has shifted toward aggressive shareholder returns, with Ball committing to repurchase at least $3 billion in shares between 2024-2025. The company returned $1.96 billion to shareholders in 2024 through share repurchases and dividends, demonstrating management's confidence in cash generation capabilities and commitment to returning excess capital to investors.
BALL company profile · for informational purposes only — not investment advice.
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