Ball Corporation (BALL) Income Statement
BALL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBALL revenue and net income
Where BALL's revenue goes
2025Each bar shows an amount and its share of revenue. BALL kept 6.9% of revenue as net income.
BALL profit margins
BALL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.6% | −5.0% | +2.3% | +5.1% |
| Gross profit | −19.9% | −8.9% | +0.8% | +4.2% |
| Operating income | +17.5% | +3.1% | +1.3% | +5.4% |
| Net income | −77.2% | +8.2% | +9.3% | +12.5% |
| EPS (diluted) | +13.2% | +8.9% | +3.9% | +7.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BALL quarterly EPS vs estimates
Ball beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.06).
BALL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.16B | $11.79B | $14.03B | $15.35B | $13.93B | $11.76B | $11.46B | $11.63B | $10.99B | $9.06B |
| Cost of revenue | $11.21B | $9.35B | $11.36B | $12.77B | $11.90B | $9.88B | $9.79B | $10.06B | $9.46B | $7.71B |
| Gross profit | $1.96B | $2.44B | $2.67B | $2.58B | $2.03B | $1.88B | $1.66B | $1.57B | $1.53B | $1.35B |
| Research & development | — | — | $55.0M | $55.0M | $56.0M | $47.0M | $44.0M | $32.0M | $27.0M | $28.0M |
| Sales, general & admin | $566.0M | $647.0M | $548.0M | $626.0M | $593.0M | $525.0M | $417.0M | $478.0M | — | — |
| Total operating expenses | $566.0M | $647.0M | $1.38B | $1.30B | $800.0M | $575.0M | $660.0M | $649.0M | $346.0M | $659.0M |
| Operating income | $1.39B | $1.18B | $1.43B | $1.27B | $1.23B | $1.30B | $1.00B | $923.0M | $1.18B | $691.0M |
| Interest income | $30.0M | $68.0M | $36.0M | $14.0M | — | — | — | — | — | — |
| Interest expense | $314.0M | $293.0M | $459.0M | $312.0M | $270.0M | $275.0M | $317.0M | $301.0M | $285.0M | $229.0M |
| Income before taxes | $1.16B | $535.0M | $814.0M | $884.0M | $1.03B | $681.0M | $607.0M | $638.0M | $545.0M | $140.0M |
| Income taxes | $240.0M | $133.0M | $123.0M | $159.0M | $156.0M | $99.0M | $71.0M | $185.0M | $165.0M | −$126.0M |
| Net income | $912.0M | $4.01B | $707.0M | $719.0M | $878.0M | $585.0M | $566.0M | $454.0M | $374.0M | $263.0M |
| EBITDA | $2.09B | $1.46B | $1.96B | $1.88B | $1.98B | $1.62B | $1.61B | $1.65B | $1.54B | $895.0M |
| EPS (diluted) | $3.59 | $3.17 | $2.91 | $2.78 | $3.49 | $2.96 | $2.54 | $2.19 | $2.03 | $1.74 |
| Gross margin | 14.9% | 20.7% | 19.0% | 16.8% | 14.6% | 16.0% | 14.5% | 13.5% | 13.9% | 14.9% |
| Operating margin | 10.6% | 10.0% | 10.2% | 8.3% | 8.8% | 11.1% | 8.7% | 7.9% | 10.8% | 7.6% |
| Net margin | 6.9% | 34.0% | 5.0% | 4.7% | 6.3% | 5.0% | 4.9% | 3.9% | 3.4% | 2.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.00B | $3.60B | $3.35B | $3.37B | $3.32B | $3.10B | $2.88B | $3.08B | $2.98B | $2.86B | $2.90B | $3.08B |
| Cost of revenue | $3.30B | $2.96B | $2.86B | $2.85B | $2.84B | $2.65B | $2.43B | $2.59B | $2.50B | $2.43B | $2.44B | $2.65B |
| Gross profit | $697.0M | $646.0M | $489.0M | $523.0M | $483.0M | $456.0M | $444.0M | $490.0M | $474.0M | $431.0M | $461.0M | $436.0M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $55.0M | — |
| Sales, general & admin | $163.0M | $150.0M | $150.0M | $130.0M | $137.0M | $149.0M | $129.0M | $142.0M | $139.0M | $211.0M | $130.0M | $132.0M |
| Total operating expenses | $185.0M | $309.0M | $150.0M | $126.0M | $305.0M | $111.0M | $278.0M | $86.0M | $173.0M | $284.0M | $53.0M | $195.0M |
| Operating income | $512.0M | $337.0M | $339.0M | $397.0M | $178.0M | $345.0M | $166.0M | $404.0M | $301.0M | $147.0M | $408.0M | $241.0M |
| Interest income | $10.0M | $10.0M | $10.0M | $8.0M | $5.0M | $7.0M | $10.0M | $14.0M | $18.0M | $26.0M | — | $12.0M |
| Interest expense | $79.0M | $78.0M | $77.0M | $86.0M | $81.0M | $70.0M | $65.0M | $67.0M | $68.0M | $93.0M | $109.0M | $122.0M |
| Income before taxes | $278.0M | $267.0M | $247.0M | $398.0M | $276.0M | $234.0M | $14.0M | $235.0M | $208.0M | $101.0M | $141.0M | $178.0M |
| Income taxes | $65.0M | $62.0M | $50.0M | $76.0M | $61.0M | $53.0M | $15.0M | $42.0M | $49.0M | $27.0M | $39.0M | $45.0M |
| Net income | $221.0M | $205.0M | $199.0M | $321.0M | $212.0M | $179.0M | −$32.0M | $197.0M | $158.0M | $3.69B | $156.0M | $203.0M |
| EBITDA | $522.0M | $495.0M | $483.0M | $642.0M | $507.0M | $449.0M | $225.0M | $447.0M | $423.0M | $364.0M | $401.0M | $450.0M |
| EPS (diluted) | $1.03 | $0.94 | $0.91 | $1.02 | $0.90 | $0.76 | $0.84 | $0.91 | $0.74 | $0.68 | $0.78 | $0.83 |
| Gross margin | 17.4% | 17.9% | 14.6% | 15.5% | 14.5% | 14.7% | 15.4% | 15.9% | 15.9% | 15.1% | 15.9% | 14.1% |
| Operating margin | 12.8% | 9.4% | 10.1% | 11.8% | 5.4% | 11.1% | 5.8% | 13.1% | 10.1% | 5.1% | 14.1% | 7.8% |
| Net margin | 5.5% | 5.7% | 5.9% | 9.5% | 6.4% | 5.8% | −1.1% | 6.4% | 5.3% | 128.8% | 5.4% | 6.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BALL's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BALL financial results
In fiscal year 2025 (ended December 31, 2025), Ball reported revenue of $13.2 billion, up 11.6% from the year before. It had net income of $912.0 million (down 77.2%), a net profit margin of 6.9%. Diluted earnings per share came to $3.59. Over five years revenue grew at an average rate of 2.3% a year.
See the BALL stock overview for the latest quote and news, or the BALL chart for price history and technical indicators.
BALL income statement FAQ
What is Ball's annual revenue?
Ball reported total revenue of $13.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 11.6% from $11.8 billion the previous year.
Is Ball profitable?
Yes. Ball reported net income of $912.0 million in fiscal 2025, a net profit margin of 6.9%; its operating margin was 10.6%.
What is Ball's gross margin?
Ball's gross margin was 14.9% in fiscal 2025: for every $100 of revenue, Ball kept $15 after the direct cost of its products and services.
How fast is Ball growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $11.8 billion to $13.2 billion.
What are Ball's earnings per share?
Ball earned $3.59 per diluted share in fiscal 2025, compared with $3.17 a year earlier.
When will Ball report its next earnings?
Ball is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Ball's fiscal year end?
Ball's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.