O-I Glass, Inc. (OI) Income Statement
OI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOI revenue and net income
Where OI's revenue goes
2025Each bar shows an amount and its share of revenue. OI kept −2.0% of revenue as net income.
OI profit margins
OI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.6% | −2.1% | +1.1% | +0.4% |
| Gross profit | +6.1% | −2.9% | +2.7% | −0.0% |
| Operating income | +21.7% | +2.7% | +0.5% | +1.1% |
| Net income | — | — | — | — |
| EPS (diluted) | +101.3% | −11.2% | +5.5% | −2.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OI quarterly EPS vs estimates
O-I Glass beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.03).
OI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.43B | $6.53B | $7.11B | $6.86B | $6.36B | $6.09B | $6.69B | $6.88B | $6.87B | $6.70B |
| Cost of revenue | $5.32B | $5.49B | $5.61B | $5.64B | $5.27B | $5.12B | $5.52B | $5.59B | $5.74B | $5.49B |
| Gross profit | $1.11B | $1.04B | $1.50B | $1.21B | $1.09B | $972.0M | $1.17B | $1.28B | $1.13B | $1.21B |
| Research & development | $42.0M | $80.0M | $92.0M | $79.0M | $82.0M | $75.0M | $68.0M | $70.0M | $60.0M | $65.0M |
| Sales, general & admin | $439.0M | $450.0M | $549.0M | $516.0M | $507.0M | $832.0M | $439.0M | $483.0M | $502.0M | $503.0M |
| Total operating expenses | $476.0M | $525.0M | $632.0M | $628.0M | $552.0M | $972.0M | $505.0M | $553.0M | $562.0M | $568.0M |
| Operating income | $633.0M | $520.0M | $864.0M | $585.0M | $539.0M | $618.0M | $663.0M | $709.0M | $530.0M | $605.0M |
| Interest income | $341.0M | $335.0M | $342.0M | $239.0M | $216.0M | $265.0M | $311.0M | $261.0M | $268.0M | $272.0M |
| Interest expense | $341.0M | $335.0M | $342.0M | $239.0M | $216.0M | $265.0M | $311.0M | $261.0M | $268.0M | $272.0M |
| Income before taxes | −$49.0M | $38.0M | $67.0M | $805.0M | $332.0M | $353.0M | −$261.0M | $277.0M | $275.0M | $356.0M |
| Income taxes | $54.0M | $126.0M | −$152.0M | $178.0M | $167.0M | $89.0M | $118.0M | $108.0M | $70.0M | $119.0M |
| Net income | −$129.0M | −$106.0M | −$103.0M | $584.0M | $149.0M | $249.0M | −$400.0M | $257.0M | $180.0M | $209.0M |
| EBITDA | $781.0M | $859.0M | $1.34B | $1.50B | $997.0M | $1.09B | $494.0M | $978.0M | $983.0M | $1.05B |
| EPS (diluted) | $1.61 | $0.80 | $3.09 | $2.30 | $1.83 | $1.23 | $2.24 | $2.72 | $2.65 | $2.31 |
| Gross margin | 17.3% | 16.0% | 21.1% | 17.7% | 17.2% | 16.0% | 17.5% | 18.7% | 16.5% | 18.1% |
| Operating margin | 9.9% | 8.0% | 12.2% | 8.5% | 8.5% | 10.1% | 9.9% | 10.3% | 7.7% | 9.0% |
| Net margin | −2.0% | −1.6% | −1.4% | 8.5% | 2.3% | 4.1% | −6.0% | 3.7% | 2.6% | 3.1% |
| 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 | $1.67B | $1.54B | $1.50B | $1.65B | $1.71B | $1.57B | $1.53B | $1.68B | $1.73B | $1.59B | $1.64B | $1.74B |
| Cost of revenue | $1.45B | $1.34B | $1.27B | $1.35B | $1.41B | $1.29B | $1.32B | $1.46B | $1.43B | $1.28B | $1.41B | $1.38B |
| Gross profit | $214.0M | $199.0M | $229.0M | $300.0M | $299.0M | $280.0M | $208.0M | $215.0M | $303.0M | $313.0M | $231.0M | $364.0M |
| Research & development | $9.0M | $9.0M | $9.0M | $8.0M | $11.0M | $13.0M | $18.0M | $20.0M | $20.0M | $21.0M | $26.0M | $24.0M |
| Sales, general & admin | $99.0M | $99.0M | $121.0M | $105.0M | $106.0M | $109.0M | $113.0M | $103.0M | $110.0M | $10.0M | $135.0M | $134.0M |
| Total operating expenses | $84.0M | $108.0M | $126.0M | $118.0M | $124.0M | $128.0M | $138.0M | $130.0M | $137.0M | $134.0M | $169.0M | $158.0M |
| Operating income | $130.0M | $91.0M | $103.0M | $182.0M | $175.0M | $152.0M | $70.0M | $85.0M | $166.0M | $179.0M | $62.0M | $206.0M |
| Interest income | — | — | $84.0M | $91.0M | $85.0M | $81.0M | $83.0M | $87.0M | — | — | — | $78.0M |
| Interest expense | $86.0M | $79.0M | $84.0M | $94.0M | $85.0M | $81.0M | $83.0M | $87.0M | $87.0M | $78.0M | $79.0M | $78.0M |
| Income before taxes | −$827.0M | −$53.0M | −$133.0M | $58.0M | $7.0M | $18.0M | −$125.0M | −$57.0M | $104.0M | $117.0M | −$439.0M | $82.0M |
| Income taxes | $138.0M | $18.0M | −$5.0M | $21.0M | $6.0M | $30.0M | $24.0M | $19.0M | $42.0M | $41.0M | $25.0M | $26.0M |
| Net income | −$972.0M | −$73.0M | −$138.0M | $30.0M | −$5.0M | −$16.0M | −$154.0M | −$80.0M | $57.0M | $72.0M | −$470.0M | $51.0M |
| EBITDA | $252.0M | $145.0M | $79.0M | $275.0M | $212.0M | $217.0M | $67.0M | $157.0M | $316.0M | $298.0M | −$246.0M | $287.0M |
| EPS (diluted) | $0.09 | $0.05 | $0.20 | $0.48 | $0.53 | $0.40 | −$0.05 | −$0.04 | $0.44 | $0.45 | $0.12 | $0.80 |
| Gross margin | 12.8% | 12.9% | 15.3% | 18.1% | 17.5% | 17.9% | 13.6% | 12.8% | 17.5% | 19.6% | 14.1% | 20.9% |
| Operating margin | 7.8% | 5.9% | 6.9% | 11.0% | 10.3% | 9.7% | 4.6% | 5.1% | 9.6% | 11.2% | 3.8% | 11.8% |
| Net margin | −58.3% | −4.7% | −9.2% | 1.8% | −0.3% | −1.0% | −10.1% | −4.8% | 3.3% | 4.5% | −28.6% | 2.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OI's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OI financial results
In fiscal year 2025 (ended December 31, 2025), O-I Glass reported revenue of $6.4 billion, down 1.6% from the year before. It had a net loss of $129.0 million, a net profit margin of −2.0%. Diluted earnings per share came to $1.61. Over five years revenue grew at an average rate of 1.1% a year.
See the OI stock overview for the latest quote and news, or the OI chart for price history and technical indicators.
OI income statement FAQ
What is O-I Glass's annual revenue?
O-I Glass reported total revenue of $6.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.6% from $6.5 billion the previous year.
Is O-I Glass profitable?
No. O-I Glass reported a net loss of $129.0 million in fiscal 2025, a net profit margin of −2.0%; its operating margin was 9.9%.
What is O-I Glass's gross margin?
O-I Glass's gross margin was 17.3% in fiscal 2025: for every $100 of revenue, O-I Glass kept $17 after the direct cost of its products and services.
How much does O-I Glass spend on research and development?
O-I Glass spent $42.0 million on research and development in fiscal 2025, 0.7% of revenue.
How fast is O-I Glass growing?
Revenue grew 1.1% a year on average over the last five fiscal years, from $6.1 billion to $6.4 billion.
What are O-I Glass's earnings per share?
O-I Glass earned $1.61 per diluted share in fiscal 2025, compared with $0.80 a year earlier.
When will O-I Glass report its next earnings?
O-I Glass is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does O-I Glass's fiscal year end?
O-I Glass's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.