Ball Corporation

Ball Corporation makes aluminum packaging. Its largest product line is aluminum beverage cans. It also makes extruded aluminum aerosol containers (spray cans), recloseable aluminum bottles and aluminum slugs. The company dates back to 1880, was incorporated in Indiana in 1922 and is based in Westminster, Colorado. It had about 16,000 employees at the end of 2025 and net sales of $13.16 billion in fiscal 2025.

Its customers are large multinational beverage, personal care and household products companies, plus many regional ones. Ball makes the empty containers and its customers fill them, so Ball's sales track demand for the drinks and other products inside. A majority of its packaging goes to a relatively limited number of major companies. Most of these sales are under long-term supply contracts, and Ball reports high customer retention.

Ball reports results by region, and beverage packaging dominates. In fiscal 2025, Metal Beverage Packaging North and Central America brought in $6.29 billion, or 47.8% of sales. Europe made up 30.3% and South America 16.4%. By country, the U.S. accounted for 46.8% of sales and Brazil 11.4%. Ball also promotes aluminum's recyclability: as of 2024, its beverage cans averaged 74% recycled content.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $4.00B, up 19.7% from a year earlier, and net income was $221.0M (+4.2%).
• For fiscal 2025, revenue was $13.16B (+11.6% year over year; -0.5% a year from FY2022 to FY2025) with a 6.9% net margin.

• Over FY2021–FY2025: $4.42B in buybacks and $1.20B in dividends.
• Regular dividends per share grew +5.9% a year over 5 years (FY2020–FY2025).
• Dividends took 24.1% of earnings and 27.9% of free cash flow in the latest fiscal year.
• Shares outstanding changed -18.3% from Oct 31, 2021 to Jul 31, 2026.

Rank among 1514 US companies

Market value at each year end

Ball’s market value went from $16.05B at the end of 2022 to $18.02B on Nov 2, 2026, up 12%; since the end of 2025 it is up 27%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 1 open-market purchases ($100K) and 4 sales ($1.6M).

Large shareholders (13G filings)

ETFs with the most weight in BALL

1. A narrow product range tied to drinks. Ball makes a narrow range of products, led by beverage cans. If people drink fewer canned beverages, or demand drops for the goods customers put in its containers, Ball has little else to lean on.
2. Heavy reliance on a few major customers. Ball sells most of its packaging to a relatively small group of major companies. Contracts expire and can end if Ball misses quality, volume or pricing terms. Losing one key customer could hit sales hard.
3. Plastic, glass and cardboard compete with cans. Cans compete with soda bottles made of PET, a clear plastic, plus glass beer bottles and cardboard. Ball says plastic competition is especially intense in the U.S. and Europe, and glass competes in Brazil.
4. Regional overcapacity can push prices down. Packaging competition is intense. Ball warns that a region can end up with more can-making capacity than it needs even while demand grows, which tends to push prices down. Some rivals also have more resources or spare capacity.
5. Aluminum costs, supply problems and tariffs. Ball depends on raw materials such as aluminum. Supply disruptions, price swings or higher import tariffs could raise costs. Ball kept 19.6% of fiscal 2025 sales after production costs, so cost shocks can bite.
6. A large debt load. Ball had $7.01 billion of debt at December 31, 2025. Interest and repayments use cash that could otherwise fund operations, growth or shareholder returns, and leave less room to react to a downturn.

• Oct 19, 2026 Executive or board change; Investor presentation or announcement
• Sep 9, 2026 Executive or board change; Investor presentation or announcement
• Aug 4, 2026 Quarterly results released
• May 5, 2026 Quarterly results released
• Apr 29, 2026 Shareholder vote results
• Feb 3, 2026 Quarterly results released
• Dec 10, 2025 Executive or board change
• Nov 26, 2025 Major agreement signed; New debt or financial obligation
• Nov 10, 2025 Executive or board change; Investor presentation or announcement
• Nov 4, 2025 Quarterly results released

Ball's regular dividend rose from $0.60 a share in fiscal 2020 to $0.80 in 2022, then held at $0.80 through fiscal 2025, so there is no streak of annual increases. That $0.80 used 24.1% of fiscal 2025 earnings and 27.9% of free cash flow (the cash left after running and investing in the business). The yield was 1.26% as of October 28, 2026. Ball returns more cash through buybacks (repurchases of its own shares): $4.42 billion over fiscal 2021–2025, against $1.2 billion in dividends. The share count fell 18.3% between October 2021 and July 2026. In fiscal 2025, buybacks of $1.32 billion exceeded free cash flow of $788 million.

The price history on this page spans about 4.5 years, so it does not cover the 2008 financial crisis, the 2020 COVID crash or the full 2022 bear market. Within that span, the deepest peak-to-trough fall was 41.2%. A single stock carries more risk than a diversified fund.