O-I Glass, Inc. (OI) Key Metrics
OI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $895.8M
- Enterprise value
- $5.58B
- P/E (TTM)
- — 10-yr median 11.9
- Forward P/E
- 4.5
- PEG ratio
- 0.35
- Price / sales
- 0.1 10-yr median 0.4
- Price / book
- 2.4 10-yr median 2.9
- EV / EBITDA
- 8.6 10-yr median 7.2
- Dividend yield
- —
- Beta
- 0.68
OI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOI valuation Price multiples at each fiscal year-end price.
Price / sales+37.4%
0.4
2025 · hover or tap a bar for each year
20162025
Price / book+12.8%
1.8
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+16.9%
8.3
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
13.5
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+15.0 pts
7.4%
2025 · hover or tap a bar for each year
20162025
OI returns How much profit the business earns on the capital it uses.
Return on equity−3.0 pts
−10.9%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+4.4 pts
9.0%
2025 · hover or tap a bar for each year
20162025
Return on assets−0.3 pts
−1.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+4.6 pts
2.6%
2025 · hover or tap a bar for each year
20162025
Asset turnover+0.7%
0.72
2025 · hover or tap a bar for each year
20162025
OI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−0.9%
$41.85
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.84
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$1.09
2025 · hover or tap a bar for each year
20162025
Book value per share+20.8%
$8.43
2025 · hover or tap a bar for each year
20162025
Shares outstanding−0.7%
153.6M
2025 · hover or tap a bar for each year
20162025
OI financial health Debt, liquidity and how easily interest is covered.
Debt / equity−19.5%
3.86
2025 · hover or tap a bar for each year
20162025
Net debt−$205.0M
$4.24B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+0.25
5.43
2025 · hover or tap a bar for each year
20162025
Current ratio+8.5%
1.25
2025 · hover or tap a bar for each year
20162025
Interest coverage+19.6%
1.9
2025 · hover or tap a bar for each year
20162025
Debt / assets−9.6%
0.54
2025 · hover or tap a bar for each year
20162025
OI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−1 days
33 days
2025 · hover or tap a bar for each year
20162025
Days of inventory0 days
67 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−5 days
80 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+4 days
20 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−2.7 pts
6.7%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF
23.8%
2025 · hover or tap a bar for each year
20162025
OI valuation history
Fiscal year-endToday10-year median
OI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OI cash returned to shareholders
DividendsBuybacksFree cash flow
OI price vs earnings per share
Share price at year-endEPS (right axis)
OI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.27B | $1.68B | $2.53B | $2.63B | $1.93B | $1.89B | $1.85B | $2.79B | $3.65B | $2.83B |
| Enterprise value | $6.51B | $6.12B | $6.57B | $6.58B | $6.03B | $6.47B | $6.86B | $7.62B | $8.44B | $7.67B |
| P/E ratio | — | — | — | 4.5 | 12.9 | 7.6 | — | 10.9 | 20.3 | 13.6 |
| Price / sales | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 |
| Price / book | 1.8 | 1.6 | 1.6 | 1.9 | 2.7 | 6.4 | 4.0 | 3.1 | 3.9 | 7.8 |
| Price / free cash flow | 13.5 | — | 19.5 | — | 6.7 | 12.9 | — | 11.0 | 13.0 | 9.5 |
| Price / operating cash flow | 3.8 | 3.4 | 3.1 | 17.1 | 2.8 | 4.1 | 4.6 | 3.5 | 5.1 | 3.8 |
| EV / sales | 1.0 | 0.9 | 0.9 | 1.0 | 0.9 | 1.1 | 1.0 | 1.1 | 1.2 | 1.1 |
| EV / EBITDA | 8.3 | 7.1 | 4.9 | 4.4 | 6.0 | 6.0 | 13.9 | 7.8 | 8.6 | 7.3 |
| EV / free cash flow | 38.7 | — | 50.5 | — | 20.9 | 44.3 | — | 29.9 | 30.1 | 25.8 |
| Earnings yield | −5.7% | −6.3% | −4.1% | 22.2% | 7.7% | 13.2% | −21.6% | 9.2% | 4.9% | 7.4% |
| Free cash flow yield | 7.4% | −7.6% | 5.1% | −14.6% | 15.0% | 7.7% | −1.1% | 9.1% | 7.7% | 10.5% |
| Dividend yield | — | — | — | 1.0% | 0.8% | 0.4% | 1.7% | 89.2% | 0.5% | 0.6% |
| Shareholder yield (dividends + buybacks) | 1.8% | 2.4% | 1.6% | 2.5% | 2.9% | 0.6% | 3.9% | 95.0% | 0.6% | 0.6% |
| Share price at fiscal year-end | $14.76 | $10.84 | $16.38 | $16.57 | $12.03 | $11.90 | $11.93 | $17.24 | $22.17 | $17.41 |
| Per share | ||||||||||
| Revenue per share | $41.85 | $42.24 | $45.94 | $43.12 | $39.65 | $38.36 | $43.10 | $42.43 | $41.72 | $41.16 |
| Earnings per share | −$0.84 | −$0.69 | −$0.67 | $3.67 | $0.93 | $1.57 | −$2.58 | $1.59 | $1.09 | $1.28 |
| Operating cash flow per share | $3.91 | $3.16 | $5.29 | $0.97 | $4.29 | $2.88 | $2.61 | $4.88 | $4.38 | $4.61 |
| Free cash flow per share | $1.09 | −$0.83 | $0.84 | −$2.42 | $1.80 | $0.92 | −$0.14 | $1.57 | $1.70 | $1.82 |
| Cash per share | $4.94 | $4.75 | $5.90 | $4.86 | $4.52 | $3.55 | $3.55 | $3.16 | $2.99 | $3.02 |
| Book value per share | $8.43 | $6.98 | $10.40 | $8.91 | $4.49 | $1.87 | $3.01 | $5.55 | $5.63 | $2.23 |
| Tangible book value per share | −$2.70 | −$3.09 | −$1.03 | −$4.42 | −$9.08 | −$12.83 | −$12.32 | −$12.42 | −$12.77 | −$15.74 |
| Dividends per share | — | — | — | $0.17 | $0.10 | $0.05 | $0.20 | $15.38 | $0.10 | $0.10 |
| Capex per share | $2.81 | $3.99 | $4.45 | $3.39 | $2.48 | $1.96 | $2.74 | $3.31 | $2.68 | $2.79 |
| Debt per share | $32.56 | $33.50 | $31.98 | $29.66 | $30.10 | $32.38 | $35.81 | $32.95 | $32.09 | $32.72 |
| Shares outstanding | 153.6M | 154.6M | 154.7M | 159.0M | 160.3M | 158.8M | 155.2M | 162.1M | 164.6M | 162.8M |
| Change in shares outstanding | −0.7% | −0.0% | −2.7% | −0.8% | +1.0% | +2.3% | −4.2% | −1.6% | +1.1% | +1.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −10.9% | −7.9% | −6.8% | 54.7% | 29.3% | 65.2% | −58.5% | 28.1% | 27.9% | 44.6% |
| Return on invested capital (ROIC) | 9.0% | 4.7% | 15.7% | 9.0% | 5.6% | 8.9% | 9.3% | 7.6% | 7.2% | 7.4% |
| Return on assets (ROA) | −1.4% | −1.2% | −1.1% | 6.5% | 1.7% | 2.7% | −4.1% | 2.6% | 1.9% | 2.3% |
| Return on tangible assets | −1.7% | −1.5% | −1.3% | 8.4% | 2.2% | 3.8% | −5.5% | 3.8% | 2.7% | 3.4% |
| Free cash flow margin | 2.6% | −2.0% | 1.8% | −5.6% | 4.5% | 2.4% | −0.3% | 3.7% | 4.1% | 4.4% |
| Income quality (OCF / net income) | — | — | — | 0.26 | 4.61 | 1.84 | — | 3.08 | 4.01 | 3.59 |
| Financial health | ||||||||||
| Total debt | $5.00B | $5.18B | $4.95B | $4.72B | $4.83B | $5.14B | $5.56B | $5.34B | $5.28B | $5.33B |
| Cash & short-term investments | $759.0M | $734.0M | $913.0M | $773.0M | $725.0M | $563.0M | $551.0M | $512.0M | $492.0M | $492.0M |
| Net debt | $4.24B | $4.45B | $4.03B | $3.94B | $4.10B | $4.58B | $5.01B | $4.83B | $4.79B | $4.84B |
| Debt / equity | 3.86 | 4.80 | 3.07 | 3.33 | 6.70 | 17.31 | 11.90 | 5.93 | 5.70 | 14.68 |
| Debt / assets | 0.54 | 0.60 | 0.51 | 0.52 | 0.55 | 0.58 | 0.58 | 0.55 | 0.54 | 0.58 |
| Net debt / EBITDA | 5.43 | 5.17 | 3.01 | 2.63 | 4.11 | 4.22 | 10.14 | 4.94 | 4.87 | 4.58 |
| Current ratio | 1.25 | 1.15 | 1.23 | 1.10 | 1.36 | 1.21 | 1.25 | 1.07 | 1.06 | 1.09 |
| Quick ratio | 0.77 | 0.70 | 0.77 | 0.74 | 0.92 | 0.77 | 0.72 | 0.61 | 0.61 | 0.62 |
| Interest coverage | 1.9 | 1.6 | 2.5 | 2.4 | 2.5 | 2.3 | 2.1 | 2.7 | 2.0 | 2.2 |
| Working capital | $512.0M | $318.0M | $538.0M | $246.0M | $673.0M | $399.0M | $493.0M | $150.0M | $140.0M | $194.0M |
| Invested capital | $5.53B | $5.52B | $5.64B | $5.36B | $4.82B | $4.88B | $5.47B | $5.73B | $5.72B | $5.20B |
| Tangible asset value | −$264.0M | −$351.0M | −$25.0M | −$591.0M | −$1.35B | −$1.93B | −$1.81B | −$2.01B | −$2.10B | −$2.56B |
| Net current asset value | −$5.20B | −$4.97B | −$5.04B | −$4.93B | −$5.49B | −$6.18B | −$6.56B | −$6.44B | −$6.41B | −$6.52B |
| Graham number | — | — | — | $27.14 | $9.69 | $8.12 | — | $14.07 | $11.77 | $8.02 |
| Graham net-net per share | −$39.64 | −$37.54 | −$38.62 | −$36.27 | −$39.63 | −$44.28 | −$48.35 | −$45.45 | −$44.47 | −$45.16 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $27.0M | $16.0M | $8.0M | $31.0M | $2.49B | $17.0M | $16.0M |
| Share buybacks (net) | $40.0M | $40.0M | $40.0M | $40.0M | $40.0M | $3.0M | $42.0M | $163.0M | $5.0M | $0 |
| Dividend payout ratio | — | — | — | 4.6% | 10.7% | 3.2% | — | 970.0% | 9.4% | 7.7% |
| Dividends + buybacks / free cash flow | 23.8% | — | 30.8% | — | 19.4% | 7.5% | — | — | 7.9% | 5.4% |
| Capex / revenue | 6.7% | 9.4% | 9.7% | 7.9% | 6.3% | 5.1% | 6.4% | 7.8% | 6.4% | 6.8% |
| Capex / operating cash flow | 72.0% | 126.2% | 84.1% | 350.0% | 57.9% | 68.1% | 105.2% | 67.8% | 61.2% | 60.5% |
| Capex / depreciation | 0.88 | 1.27 | 1.42 | 1.19 | 0.99 | 0.65 | 0.84 | 1.06 | 0.88 | 0.92 |
| Stock-based compensation / revenue | 0.4% | 0.2% | 0.6% | 0.5% | 0.1% | −2.8% | 8.3% | 0.4% | 0.3% | 0.2% |
| R&D / revenue | 0.7% | 1.2% | 1.3% | 1.2% | 1.3% | 1.2% | 1.0% | 1.0% | 0.9% | 1.0% |
| SG&A / revenue | 6.8% | 6.9% | 7.7% | 7.5% | 8.0% | 13.7% | 6.6% | 7.0% | 7.3% | 7.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.3 | 34.7 | 36.8 | 38.7 | 37.8 | 37.3 | 31.9 | 32.2 | 33.0 | 31.1 |
| Days of inventory on hand | 67.4 | 67.7 | 62.4 | 53.8 | 57.4 | 67.2 | 68.2 | 67.0 | 64.2 | 66.2 |
| Days payables outstanding | 80.4 | 85.8 | 90.8 | 83.0 | 81.0 | 85.6 | 85.8 | 86.3 | 78.2 | 78.0 |
| Cash conversion cycle (days) | 20.3 | 16.6 | 8.4 | 9.5 | 14.2 | 18.9 | 14.3 | 12.9 | 19.0 | 19.2 |
| Receivables turnover | 10.96 | 10.51 | 9.93 | 9.44 | 9.67 | 9.79 | 11.44 | 11.35 | 11.05 | 11.74 |
| Payables turnover | 4.54 | 4.25 | 4.02 | 4.40 | 4.51 | 4.26 | 4.25 | 4.23 | 4.67 | 4.68 |
| Inventory turnover | 5.41 | 5.39 | 5.85 | 6.78 | 6.36 | 5.43 | 5.35 | 5.45 | 5.68 | 5.52 |
| Asset turnover | 0.72 | 0.71 | 0.76 | 0.77 | 0.72 | 0.66 | 0.69 | 0.71 | 0.73 | 0.72 |
| Average receivables | $586.5M | $621.5M | $715.5M | $726.0M | $657.5M | $622.0M | $585.0M | $606.0M | $621.5M | $571.0M |
| Average payables | $1.17B | $1.29B | $1.40B | $1.28B | $1.17B | $1.20B | $1.30B | $1.32B | $1.23B | $1.17B |
| Average inventory | $982.5M | $1.02B | $959.5M | $832.0M | $828.5M | $943.0M | $1.03B | $1.03B | $1.01B | $995.0M |
| Intangibles / total assets | 18.5% | 18.0% | 18.3% | 23.4% | 24.6% | 26.3% | 24.8% | 30.0% | 31.0% | 32.0% |
Computed from OI's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
OI valuation and financial ratios
O-I Glass earned a return on equity of −10.9% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $5.0 billion of debt and $759.0 million in cash and short-term investments, net debt of $4.2 billion. It returned $40.0 million to shareholders: $0 in dividends and $40.0 million in share buybacks, 24% of free cash flow. The share count fell 5.7% from 162.8M to 153.6M over 9 years.
See the OI income statement, the OI chart for price history, or the OI stock overview for the latest quote and news.
OI key metrics FAQ
What is O-I Glass's EV/EBITDA?
O-I Glass's enterprise value was 8.3 times EBITDA at the end of fiscal 2025 (enterprise value $6.5 billion, EBITDA $781.0 million); the current EV/EBITDA is 8.6.
What is O-I Glass's return on equity?
O-I Glass's return on equity (ROE) was −10.9% in fiscal 2025: net income of -$129.0 million on average shareholders' equity of $1.2 billion.
What is O-I Glass's ROIC?
O-I Glass's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does O-I Glass have?
O-I Glass had total debt of $5.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.86 and $4.2 billion of net debt (5.43 times EBITDA).
Does O-I Glass buy back its shares?
Yes. O-I Glass spent $40.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.7% over the year, to 153.6M..
What is O-I Glass's free cash flow yield?
O-I Glass generated $168.0 million of free cash flow in fiscal 2025, a free cash flow yield of 7.4% on its market value at year-end ($2.3 billion).
What is O-I Glass's current ratio?
O-I Glass's current ratio was 1.25 at the end of fiscal 2025: current assets were 1.25 times current liabilities.