O-I Glass, Inc. (OI) AI Stock Analysis

O-I Glass, Inc., headquartered in Perrysburg, Ohio, specializes in manufacturing and distributing glass containers across the Americas, Europe, and the Asia Pacific regions. The company produces glass packaging for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine, as well as containers for soft drinks, tea, juices, and pharmaceuticals. It serves customers through direct contracts and distributor networks, maintaining long-term supply agreements. Operating since 1903, the company offers a range of container sizes, shapes, and colors while pursuing sustainability initiatives in its manufacturing processes.

Revenue reached $7.11B in FY2023 before contracting 8.1% to $6.53B in FY2024 and declining 1.6% to $6.43B in FY2025. Annual net income has remained negative for three consecutive years, recording -$103.0M in FY2023, -$106.0M in FY2024, and -$129.0M in FY2025. Operating margins were 12.2% in FY2023, 8.0% in FY2024, and 9.9% in FY2025. Over the five years from FY2020 to FY2025, revenue generated a CAGR of 1.1%. In the latest quarter ended June 30, 2026, quarterly revenue fell 2.2% year-over-year, while quarterly earnings dropped 47.8%.

As of June 30, 2026, O-I Glass held $339.0M in cash and short-term investments, total assets of $8.09B, and total debt of $4.99B, resulting in net debt of $4.65B. Shareholders' equity stood at $383.0M, generating a debt-to-equity ratio of 13.02 and a current ratio of 1.26. In FY2025, the company generated $600.0M in operating cash flow and $168.0M in free cash flow. Cash use in FY2025 included capital expenditures of $432.0M and share buybacks of $40.0M, contributing to a 4.2% reduction in share count over 5 years.

O-I Glass trades at a forward P/E of 4.5x, below the 14.1x median of its US-listed Consumer Cyclical peers. Its EV/EBITDA stands at 8.6x compared to the peer median of 11.1x, and its price-to-sales multiple is 0.1x against the peer median of 0.7x. The company has a market capitalization of $895.8M and an enterprise value of $5.58B. Over the past year, the stock fell 51.7%, compared to a 16.8% gain for the S&P 500 (SPY). Over five years, the stock dropped 60.6% while SPY gained 83.0%.

Wall Street coverage consists of 4 Strong Buy ratings, 4 Hold ratings, and 1 Sell rating. The mean price target is $8.48, representing a 45.4% premium over the last close of $5.83. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $6.38B and EPS of $0.48, an expected decline of 69.7%. For the following fiscal year, 9 analysts project revenue of $6.53B and EPS of $1.44. The company beat EPS estimates in 2 of the last 4 quarters, with its next earnings date scheduled for October 27, 2026.

This page is an AI-written research summary of O-I Glass, Inc. (OI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OI income statement, OI balance sheet, OI key metrics, OI analyst forecast, OI chart. See the OI stock overview for the latest quote and news.