financial statements

The full income statement, balance sheet, and cash-flow statement for Ball Corporation (BALL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	13.2B YoY+11.6%	11.8B YoY-2.2%	12.1B YoY-9.8%	13.4B YoY-3.2%	13.8B YoY+17.2%
Research & development	—	—	55.0M YoY+0.0%	55.0M YoY-1.8%	56.0M YoY+19.1%
Selling, general & administrative	566M YoY-12.5%	647M YoY+21.6%	532M YoY-4.1%	555M YoY-6.4%	593M YoY+13.0%
Amortization of intangibles	148M YoY-2.0%	151M YoY+0.0%	151M YoY-3.8%	157M YoY-12.8%	180M YoY+0.0%
Operating income	—	—	1.27B YoY+4.9%	1.21B YoY-6.0%	1.29B YoY+28.7%
Interest & investment income	30.0M YoY-55.9%	68.0M YoY+88.9%	36.0M YoY+157.1%	14.0M	—
Equity-method income	27.0M YoY-3.6%	28.0M YoY+40.0%	20.0M YoY+185.7%	7.00M YoY-73.1%	26.0M YoY+533.3%
Pre-tax income	1.13B YoY+110.8%	535M YoY-12.9%	614M YoY-13.9%	713M YoY-29.3%	1.01B YoY+46.7%
Income tax	240M YoY+80.5%	133M YoY-8.9%	146M YoY+5.8%	138M YoY-11.5%	156M YoY+57.6%
	915M YoY-77.2%	4.01B YoY+464.6%	711M YoY-2.9%	732M YoY-16.6%	878M YoY+50.9%
Income from continuing operations	915M YoY+112.8%	430M YoY-11.9%	488M YoY-16.2%	582M	—
Discontinued operations	—	3.58B YoY+1507.2%	223M YoY+48.7%	150M	—
Net income to non-controlling interest	3.00M YoY-50.0%	6.00M YoY+50.0%	4.00M YoY-69.2%	13.0M	—
Net income to common	912M YoY-77.2%	4.01B YoY+466.9%	707M YoY-1.7%	719M YoY-18.1%	878M YoY+50.1%
	$3.30 YoY-74.6%	$13.00 YoY+483.0%	$2.23 YoY-0.9%	$2.25 YoY-15.1%	$2.65 YoY+50.6%
EPS (basic)	$3.33 YoY-74.6%	$13.12 YoY+483.1%	$2.25 YoY-0.9%	$2.27 YoY-15.6%	$2.69 YoY+50.3%
Weighted-avg shares (basic)	274M YoY-10.2%	305M YoY-3.0%	315M YoY-0.5%	316M YoY-2.9%	326M YoY-0.1%
Weighted-avg shares (diluted)	276M YoY-10.5%	308M YoY-2.8%	317M YoY-0.9%	320M YoY-3.5%	332M YoY-0.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.11B YoY+26.3%	4.84B YoY-0.9%	4.88B YoY-11.0%	5.49B YoY+5.1%	5.22B YoY+11.7%
Cash & equivalents	1.21B YoY+36.9%	885M YoY+27.3%	695M YoY+26.8%	548M YoY-2.7%	563M YoY-58.8%
Accounts receivable	2.06B YoY+18.5%	1.74B YoY+4.0%	1.67B YoY-20.7%	2.11B YoY+4.2%	2.02B YoY+50.4%
Inventory	2.01B YoY+36.3%	1.48B YoY-3.5%	1.53B YoY-29.7%	2.18B YoY+21.4%	1.79B YoY+32.7%
Other current assets	265M YoY+56.8%	169M YoY-26.8%	231M YoY+37.5%	168M YoY-44.9%	305M YoY+39.9%
	19.5B YoY+10.8%	17.6B YoY-8.7%	19.3B YoY-3.0%	19.9B YoY+1.0%	19.7B YoY+8.0%
Property, plant & equipment	4.66B YoY+0.0%	4.66B YoY+0.0%	4.66B YoY+0.0%	4.66B YoY+0.0%	4.66B YoY+0.0%
Operating lease right-of-use	355M YoY+6.3%	334M YoY-8.5%	365M YoY-15.9%	434M YoY+3.3%	420M YoY+39.1%
Goodwill	4.38B YoY+5.0%	4.17B YoY-1.8%	4.25B YoY+1.3%	4.20B YoY-4.2%	4.38B YoY-2.4%
Intangible assets	982M YoY-9.1%	1.08B YoY-13.5%	1.25B YoY-11.9%	1.42B YoY-16.1%	1.69B YoY-10.4%
Deferred tax assets	64.0M YoY+1.6%	63.0M YoY-44.7%	114M YoY+56.2%	73.0M YoY-42.1%	126M YoY-44.5%
Other non-current assets	1.39B YoY+2.3%	1.36B YoY+0.6%	1.35B YoY-21.0%	1.72B YoY-10.8%	1.92B YoY+3.4%
Total non-current assets	2.80B YoY+0.0%	2.80B YoY+0.0%	2.80B YoY+0.0%	2.80B YoY+0.0%	2.80B YoY+0.0%
	5.49B YoY+13.2%	4.85B YoY-21.6%	6.18B YoY-11.7%	7.01B YoY+17.7%	5.95B YoY+34.0%
Accounts payable	4.45B YoY+30.3%	3.42B YoY-6.6%	3.66B YoY-16.5%	4.38B YoY-7.9%	4.76B YoY+38.7%
Deferred revenue	74.0M YoY+48.0%	50.0M YoY-56.1%	114M YoY+132.7%	49.0M YoY-82.0%	272M YoY+151.9%
Short-term & current debt	2.00M YoY-99.0%	191M YoY-77.7%	856M YoY-39.2%	1.41B YoY+9286.7%	15.0M YoY-11.8%
Current lease liability	78.0M YoY-1.3%	79.0M YoY-4.8%	83.0M YoY-8.8%	91.0M YoY+13.8%	80.0M YoY+27.0%
Other current liabilities	711M YoY-1.9%	725M YoY-6.9%	779M YoY-20.6%	981M YoY+18.2%	830M YoY+27.7%
	14.1B YoY+20.6%	11.7B YoY-24.4%	15.5B YoY-5.6%	16.4B YoY+2.2%	16.0B YoY+7.5%
Long-term debt	7.68B YoY+0.0%	7.68B YoY+0.0%	7.68B YoY+0.0%	7.68B YoY+0.0%	7.68B YoY+0.0%
Deferred revenue (non-current)	2.00M YoY+0.0%	2.00M YoY-33.3%	3.00M YoY+50.0%	2.00M YoY-94.7%	38.0M YoY+31.0%
Non-current lease liability	283M YoY+6.8%	265M YoY-7.7%	287M YoY-17.8%	349M YoY+2.6%	340M YoY+46.6%
Deferred tax liabilities	655M YoY+10.3%	594M YoY+41.1%	421M YoY-22.0%	540M YoY-18.8%	665M YoY+4.9%
Other non-current liabilities	471M YoY+28.0%	368M YoY-4.2%	384M YoY-14.1%	447M YoY-7.6%	484M YoY+9.8%
	5.42B YoY-7.5%	5.86B YoY+55.5%	3.77B YoY+8.9%	3.46B YoY-4.6%	3.63B YoY+10.7%
Common stock	1.42B YoY+1.9%	1.40B YoY+6.3%	1.31B YoY+4.1%	1.26B YoY+3.3%	1.22B YoY+4.5%
Retained earnings	12.2B YoY+6.0%	11.5B YoY+48.5%	7.76B YoY+6.2%	7.31B YoY+6.8%	6.84B YoY+10.5%
Treasury stock	7.35B YoY+21.4%	6.06B YoY+38.0%	4.39B YoY-0.9%	4.43B YoY+14.9%	3.85B YoY+23.1%
Accumulated other comprehensive income	-869M YoY+13.4%	-1.00B YoY-9.5%	-916M YoY-34.9%	-679M YoY-16.7%	-582M YoY+39.0%
Non-controlling interest	6.00M YoY-91.2%	68.0M YoY+0.0%	68.0M YoY+3.0%	66.0M YoY+13.8%	58.0M YoY-6.5%
Total equity incl. non-controlling	5.42B YoY-8.6%	5.93B YoY+54.5%	3.84B YoY+8.8%	3.53B YoY-4.3%	3.69B YoY+10.4%
Total liabilities & equity	19.5B YoY+10.8%	17.6B YoY-8.7%	19.3B YoY-3.0%	19.9B YoY+1.0%	19.7B YoY+8.0%
Common shares issued	685M YoY+0.1%	684M YoY+0.1%	683M YoY+0.2%	682M YoY+0.2%	681M YoY+0.2%
Shares outstanding (cover)	268M YoY-10.2%	298M YoY-5.4%	315M YoY+0.4%	314M YoY-3.1%	324M YoY-1.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.26B YoY+997.4%	115M YoY-93.8%	1.86B YoY+518.9%	301M YoY-82.9%	1.76B YoY+22.9%
Depreciation & amortization	622M YoY+1.8%	611M YoY+1.0%	605M YoY+1.9%	594M YoY-15.1%	700M YoY+4.8%
Deferred income taxes	60.0M YoY-58.0%	143M YoY+313.4%	-67.0M YoY-3250.0%	-2.00M YoY-105.7%	35.0M YoY+105.9%
Change in inventory	453M YoY+1712.0%	25.0M YoY+104.0%	-626M YoY-236.7%	458M YoY-1.3%	464M YoY+625.0%
Change in payables	730M YoY+902.2%	-91.0M YoY+82.2%	-510M YoY-514.5%	-83.0M YoY-106.3%	1.31B YoY+1887.9%
Other operating activities	-123M YoY-191.1%	135M YoY+117.7%	62.0M YoY+150.0%	-124M YoY-222.8%	101M YoY+1022.2%
	-656M YoY-113.1%	5.00B YoY+575.1%	-1.05B YoY-34.0%	-786M YoY+52.0%	-1.64B YoY-38.8%
Capital expenditure	474M YoY-2.1%	484M YoY-53.7%	1.04B YoY-36.7%	1.65B YoY-4.3%	1.73B YoY+55.1%
Acquisitions	159M YoY+114.9%	74.0M	—	—	—
Purchases of investments	99.0M	—	—	—	—
Other investing activities	-44.0M YoY-4300.0%	-1.00M YoY-105.0%	20.0M YoY+118.9%	-106M YoY-524.0%	25.0M YoY+238.9%
	-344M YoY+92.8%	-4.79B YoY-623.6%	-662M YoY-236.5%	485M YoY+154.3%	-894M YoY-48.5%
Long-term debt issued	6.68B YoY+928.2%	650M YoY-68.3%	2.05B YoY-57.7%	4.85B YoY+470.7%	850M YoY-66.7%
Long-term debt repaid	5.30B YoY+52.2%	3.48B YoY+52.6%	2.28B YoY-41.3%	3.88B YoY+417.9%	750M YoY-73.2%
Net short-term debt	-158M YoY-444.8%	-29.0M YoY+86.2%	-210M YoY-153.3%	394M YoY+19800.0%	-2.00M YoY+90.0%
Common stock repurchased	1.32B YoY-22.8%	1.71B YoY+56966.7%	3.00M YoY-99.5%	618M YoY-19.3%	766M YoY+1243.9%
Dividends paid	220M YoY-9.8%	244M YoY-3.2%	252M YoY-0.8%	254M YoY+10.9%	229M YoY+15.7%
Other financing activities	-31.0M YoY-224.0%	25.0M YoY-24.2%	33.0M YoY+925.0%	-4.00M YoY-233.3%	3.00M YoY+103.5%
FX effect on cash	—	—	—	—	-29.0M YoY+60.8%
Net change in cash	290M YoY+31.2%	221M YoY+45.4%	152M YoY+823.8%	-21.0M YoY+97.4%	-802M YoY-88.7%
Interest paid	317M YoY-5.7%	336M YoY-11.1%	378M YoY+21.2%	312M YoY+13.0%	276M YoY-10.4%
Income taxes paid	374M YoY-59.4%	922M YoY+415.1%	179M YoY+25.2%	143M YoY+5.1%	136M YoY-13.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	14.2B YoY-13.7%	16.5B YoY-9.3%	18.1B YoY+13.0%	16.1B YoY-48.5%	31.2B YoY+2.3%
P/E	15.5× YoY+278.5%	4.1× YoY-86.1%	29.6× YoY+79.0%	16.5× YoY-53.5%	35.5× YoY-32.2%
P/S	1.1× YoY-22.7%	1.4× YoY-9.9%	1.5× YoY+39.8%	1.1× YoY-50.9%	2.3× YoY-12.7%
P/B	2.6× YoY-6.7%	2.8× YoY-39.0%	4.6× YoY-0.4%	4.6× YoY-46.3%	8.6× YoY-7.6%
P/FCF	18.0×	—	41.9×	—	917.1× YoY+859.8%
Earnings yield	6.4% YoY-73.6%	24.4% YoY+621.3%	3.4% YoY-44.1%	6.1% YoY+115.0%	2.8% YoY+47.5%
FCF yield	5.6%	—	2.4%	—	0.1% YoY-89.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BALL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BALL filings on SEC EDGAR → Not investment advice.

BALL▼ financial statements

About this data

financial statements