Ball Corp. (BALL) financial statements: income statement, balance sheet and cash flow

Ball Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ball Corp. reported revenue of $13.2B (+11.6% year on year) and net income of $915.0M (-77.2% year on year).

Income statement

Ball Corp. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$13.2B	$11.8B	$14.0B	$15.3B
Cost of sales (excluding depreciation and amortization)	($10.6B)	($9.4B)	($11.4B)	($12.8B)
Depreciation and amortization	($622.0M)	($611.0M)	($686.0M)	($672.0M)
Selling, general and administrative	($566.0M)	($647.0M)	($558.0M)	($626.0M)
Business consolidation and other activities	$41.0M	($420.0M)	($153.0M)	($71.0M)
Interest income	$30.0M	$68.0M	—	—
Interest expense	($314.0M)	($293.0M)	($459.0M)	($312.0M)
Debt refinancing and other costs	($19.0M)	($3.0M)	—	($18.0M)
Earnings before taxes	$1.1B	$535.0M	$814.0M	$884.0M
Tax (provision) benefit	($240.0M)	($133.0M)	($123.0M)	($159.0M)
Equity in results of affiliates, net of tax	$27.0M	$28.0M	$20.0M	$7.0M
Earnings from continuing operations	$915.0M	$430.0M	—	—
Net earnings	$915.0M	$4.0B	$711.0M	$732.0M
Net earnings attributable to noncontrolling interests	$3.0M	$6.0M	$4.0M	$13.0M
Net earnings attributable to Ball Corporation	$912.0M	$4.0B	$707.0M	$719.0M
Basic - continuing operations (in dollars per share)	$3.33	$1.39	—	—
Total basic earnings per share (in dollars per share)	$3.33	$13.12	$2.25	$2.27
Diluted - continuing operations (in dollars per share)	$3.30	$1.37	—	—
Total diluted earnings per share (in dollars per share)	$3.30	$13.00	$2.23	$2.25
Basic (in shares)	274.3M	305.5M	314.8M	316.4M
Diluted (in shares)	276.0M	308.2M	317.0M	320.0M

Ball Corp. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$4.0B	$3.6B	$3.4B	$3.3B
Cost of sales (excluding depreciation and amortization)	($3.3B)	($3.0B)	($2.7B)	($2.7B)
Depreciation and amortization	($165.0M)	($159.0M)	($158.0M)	($155.0M)
Selling, general and administrative	($163.0M)	($150.0M)	($130.0M)	($137.0M)
Business consolidation and other activities	($22.0M)	($11.0M)	$78.0M	($12.0M)
Interest income	$10.0M	$10.0M	$8.0M	$5.0M
Interest expense	($79.0M)	($78.0M)	($85.0M)	($81.0M)
Earnings before taxes	$278.0M	$258.0M	$391.0M	$268.0M
Tax (provision) benefit	($65.0M)	($62.0M)	($76.0M)	($61.0M)
Equity in results of affiliates, net of tax	$10.0M	$9.0M	$7.0M	$8.0M
Earnings from continuing operations	$223.0M	$205.0M	$322.0M	$215.0M
Net earnings	$223.0M	$205.0M	$321.0M	$215.0M
Net earnings attributable to noncontrolling interests	$2.0M	—	—	$3.0M
Net earnings attributable to Ball Corporation	$221.0M	$205.0M	$321.0M	$212.0M
Basic - continuing operations (in dollars per share)	$0.83	$0.77	$1.18	$0.77
Total basic earnings per share (in dollars per share)	$0.83	$0.77	$1.18	$0.77
Diluted - continuing operations (in dollars per share)	$0.83	$0.77	$1.18	$0.76
Total diluted earnings per share (in dollars per share)	$0.83	$0.77	$1.18	$0.76
Basic (in shares)	265.8M	265.8M	271.1M	276.1M
Diluted (in shares)	267.1M	267.4M	272.9M	277.8M

Balance sheet

Ball Corp. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.2B	$885.0M	$695.0M	$548.0M
Receivables, net	$2.6B	$2.2B	$2.3B	$2.6B
Inventories, net	$2.0B	$1.5B	$1.6B	$2.2B
Other current assets	$265.0M	$169.0M	$295.0M	$168.0M
Current assets held for sale	$17.0M	$144.0M	—	—
Total current assets	$6.1B	$4.8B	$4.9B	$5.5B
Property, plant and equipment, net	$6.7B	$6.2B	$7.4B	$7.1B
Goodwill	$4.4B	$4.2B	$4.3B	$4.2B
Intangible assets, net	$982.0M	$1.1B	$1.3B	$1.4B
Other assets	$1.4B	$1.4B	$1.4B	$1.7B
Total assets	$19.5B	$17.6B	$19.3B	$19.9B
Short-term debt and current portion of long-term debt	$21.0M	$361.0M	$1.1B	$1.4B
Accounts payable	$4.5B	$3.4B	$3.8B	$4.4B
Accrued employee costs	$303.0M	$303.0M	$333.0M	$236.0M
Other current liabilities	$711.0M	$725.0M	$1.0B	$981.0M
Total current liabilities	$5.5B	$4.8B	$6.2B	$7.0B
Long-term debt	$7.0B	$5.3B	$7.5B	$7.5B
Employee benefit obligations	$499.0M	$577.0M	$898.0M	$847.0M
Deferred taxes	$655.0M	$594.0M	$421.0M	$540.0M
Other liabilities	$471.0M	$368.0M	$458.0M	$447.0M
Total liabilities	$14.1B	$11.7B	$15.5B	$16.4B
Common stock (685,107,438 shares issued - 2025; 684,168,252 shares issued - 2024)	1.4B	1.4B	1.3B	1.3B
Retained earnings	$12.2B	$11.5B	$7.8B	$7.3B
Accumulated other comprehensive earnings (loss)	($869.0M)	($1.0B)	($916.0M)	($679.0M)
Treasury stock, at cost (419,733,252 shares - 2025; 394,790,362 shares - 2024)	-7.4B	-6.1B	-4.4B	-4.4B
Total Ball Corporation shareholders' equity	$5.4B	$5.9B	$3.8B	$3.5B
Total equity	$5.4B	$5.9B	$3.8B	$3.5B
Total liabilities and equity	$19.5B	$17.6B	$19.3B	$19.9B

Ball Corp. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$491.0M	$730.0M	$568.0M	$296.0M
Receivables, net	$3.3B	$2.9B	$2.7B	$2.9B
Inventories, net	$2.5B	$2.2B	$1.9B	$1.7B
Other current assets	$365.0M	$345.0M	$207.0M	$216.0M
Current assets held for sale	$16.0M	$17.0M	$20.0M	$111.0M
Total current assets	$6.7B	$6.2B	$5.3B	$5.3B
Property, plant and equipment, net	$6.8B	$6.8B	$6.6B	$6.6B
Goodwill	$4.4B	$4.4B	$4.4B	$4.4B
Intangible assets, net	$908.0M	$947.0M	$1.0B	$1.1B
Other assets	$1.4B	$1.4B	$1.4B	$1.4B
Total assets	$20.1B	$19.8B	$18.7B	$18.6B
Short-term debt and current portion of long-term debt	$692.0M	$786.0M	$344.0M	$548.0M
Accounts payable	$4.5B	$3.8B	$3.5B	$3.5B
Accrued employee costs	$236.0M	$230.0M	$273.0M	$247.0M
Other current liabilities	$744.0M	$731.0M	$728.0M	$916.0M
Total current liabilities	$6.2B	$5.6B	$4.8B	$5.3B
Long-term debt	$6.5B	$7.0B	$6.9B	$6.5B
Employee benefit obligations	$468.0M	$462.0M	$521.0M	$557.0M
Deferred taxes	$691.0M	$683.0M	$590.0M	$560.0M
Other liabilities	$436.0M	$426.0M	$455.0M	$476.0M
Total liabilities	$14.3B	$14.2B	$13.3B	$13.3B
Common stock (685,983,461 shares issued - 2026; 685,107,438 shares issued - 2025)	1.4B	1.4B	1.4B	1.4B
Retained earnings	$12.5B	$12.4B	$12.1B	$11.8B
Accumulated other comprehensive earnings (loss)	($802.0M)	($866.0M)	($912.0M)	($955.0M)
Treasury stock, at cost (421,377,635 shares - 2026; 419,733,252 shares - 2025)	-7.4B	-7.3B	-7.1B	-7.1B
Total Ball Corporation shareholders' equity	$5.7B	$5.6B	$5.4B	$5.2B
Noncontrolling interests	$20.0M	$19.0M	$6.0M	$71.0M
Total equity	$5.8B	$5.6B	$5.5B	$5.3B
Total liabilities and equity	$20.1B	$19.8B	$18.7B	$18.6B

Cash flow statement

Ball Corp. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings	$915.0M	$4.0B	$711.0M	$732.0M
Depreciation and amortization	$622.0M	$620.0M	$686.0M	$672.0M
Business consolidation and other activities	($41.0M)	$420.0M	$153.0M	$71.0M
Deferred tax provision (benefit)	$60.0M	$143.0M	($67.0M)	($2.0M)
Gain on Aerospace disposal	$3.0M	($4.6B)	—	—
Pension contributions	($43.0M)	($32.0M)	($42.0M)	—
Other, net	($123.0M)	$135.0M	$62.0M	($248.0M)
Receivables	($317.0M)	($325.0M)	$238.0M	($305.0M)
Inventories	($453.0M)	($25.0M)	$626.0M	($458.0M)
Other current assets	$48.0M	($109.0M)	($25.0M)	($42.0M)
Accounts payable	$730.0M	($91.0M)	($510.0M)	($83.0M)
Accrued employee costs	($14.0M)	$47.0M	$93.0M	($101.0M)
Other current liabilities	($39.0M)	($201.0M)	($71.0M)	$84.0M
Other, net	($86.0M)	$153.0M	$9.0M	($19.0M)
Cash provided by (used in) operating activities	$1.3B	$115.0M	$1.9B	$301.0M
Capital expenditures	($474.0M)	($484.0M)	($1.0B)	($1.7B)
Business acquisitions, net of cash acquired	($159.0M)	($74.0M)	—	—
Business dispositions, net of cash sold	$32.0M	$5.4B	—	$759.0M
Derivative settlements	($99.0M)	—	—	—
Other, net	$44.0M	$139.0M	($8.0M)	$106.0M
Cash provided by (used in) investing activities	($656.0M)	$5.0B	($1.1B)	($786.0M)
Long-term borrowings	$6.7B	$650.0M	$2.1B	$4.9B
Repayments of long-term borrowings	($5.3B)	($3.5B)	($2.3B)	($3.9B)
Net change in short-term borrowings	($158.0M)	($29.0M)	($210.0M)	$394.0M
Acquisitions of treasury stock	($1.3B)	($1.7B)	($3.0M)	($618.0M)
Common stock dividends	($220.0M)	($244.0M)	($252.0M)	($254.0M)
Other, net	($31.0M)	$25.0M	$33.0M	($4.0M)
Cash provided by (used in) financing activities	($344.0M)	($4.8B)	($662.0M)	$485.0M
Effect of exchange rate changes on cash	$28.0M	($107.0M)	$4.0M	($21.0M)
Change in cash, cash equivalents and restricted cash	$290.0M	$221.0M	$152.0M	($21.0M)
Cash, cash equivalents and restricted cash - beginning of year	$931.0M	$710.0M	$558.0M	$579.0M
Cash, cash equivalents and restricted cash - end of year	$1.2B	$931.0M	$710.0M	$558.0M

Ball Corp. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings	$428.0M	$205.0M	$715.0M	$394.0M
Depreciation and amortization	$324.0M	$159.0M	$463.0M	$305.0M
Business consolidation and other activities	$33.0M	$11.0M	($53.0M)	$25.0M
Deferred tax provision (benefit)	$24.0M	($1.0M)	$24.0M	($43.0M)
Pension contributions	($15.0M)	($7.0M)	($36.0M)	($15.0M)
Other, net	$49.0M	$7.0M	($157.0M)	($164.0M)
Changes in working capital components, net of acquisitions and dispositions	($1.0B)	($1.2B)	($909.0M)	($838.0M)
Cash provided by (used in) operating activities	($169.0M)	($777.0M)	$51.0M	($333.0M)
Capital expenditures	($302.0M)	($161.0M)	($304.0M)	($177.0M)
Business acquisitions, net of cash acquired	($76.0M)	($75.0M)	($159.0M)	($158.0M)
Derivative settlements	($11.0M)	($18.0M)	($89.0M)	—
Other, net	($48.0M)	($52.0M)	($48.0M)	($60.0M)
Cash provided by (used in) investing activities	($437.0M)	($306.0M)	($574.0M)	($391.0M)
Long-term borrowings	$1.5B	$1.1B	$4.4B	$2.9B
Repayments of long-term borrowings	($1.3B)	($380.0M)	($2.9B)	($1.6B)
Net change in short-term borrowings	($145.0M)	($50.0M)	($90.0M)	($76.0M)
Acquisitions of treasury stock	($115.0M)	($1.0M)	($1.1B)	($1.0B)
Common stock dividends	($107.0M)	($54.0M)	($166.0M)	($112.0M)
Other, net	$17.0M	$10.0M	($14.0M)	($8.0M)
Cash provided by (used in) financing activities	($126.0M)	$605.0M	$140.0M	$88.0M
Effect of exchange rate changes on cash	$12.0M	$6.0M	$31.0M	$23.0M
Change in cash, cash equivalents and restricted cash	($720.0M)	($472.0M)	($352.0M)	($613.0M)
Cash, cash equivalents and restricted cash - beginning of period	$1.2B	$1.2B	$931.0M	$931.0M
Cash, cash equivalents and restricted cash - end of period	$501.0M	$749.0M	$579.0M	$318.0M

Ball Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.