O-I Glass, Inc. (OI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.24	$0.09	-62.5%	—	—	—
Q3 26	-$0.47	-$0.43	+8.5%	—	—	—
Q2 26	$0.19	$0.2	+5.3%	—	—	—
Q1 26	$0.42	$0.48	+14.3%	—	—	—
Q4 25	$0.41	$0.53	+29.3%	—	—	—
Q3 25	$0.24	$0.4	+66.7%	—	—	—
Q2 25	-$0.08	-$0.05	+37.5%	—	—	—
Q1 25	$0.04	-$0.04	-200.0%	—	—	—
Q4 24	$0.43	$0.44	+2.3%	—	—	—
Q3 24	$0.38	$0.45	+18.4%	—	—	—
Q2 24	$0.03	$0.12	+300.0%	—	—	—
Q1 24	$0.7	$0.8	+14.3%	—	—	—
Q4 23	$0.84	$0.88	+4.8%	—	—	—
Q3 23	$0.85	$1.29	+51.8%	—	—	—
Q2 23	$0.32	$0.38	+18.8%	—	—	—
Q1 23	$0.6	$0.63	+5.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.84	—	—	$6.4B	—
FY24	—	-$0.69	—	—	$6.5B	—
FY23	—	-$0.67	—	—	$7.1B	—
FY22	—	$3.76	—	—	$6.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.7B	$6.9B	$6.9B	$6.7B	$6.1B	$6.4B	$6.9B	$7.1B	$6.5B	$6.4B
YoY change	+8.87%	+2.49%	+0.12%	-2.7%	-8.97%	+4.37%	+7.85%	+3.63%	-8.08%	-1.61%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.7B	6.9B	6.9B	6.7B	6.1B	6.4B	6.9B	7.1B	6.5B	6.4B
Cost of revenue	5.4B	5.5B	5.6B	5.5B	5.1B	5.3B	5.6B	5.6B	5.5B	5.3B
Gross profit	1.3B	1.3B	1.3B	1.2B	972M	1.1B	1.2B	1.5B	1B	1.1B
Gross margin	19.5%	19.4%	18.7%	18.1%	16%	17.2%	17.7%	21.1%	16%	17.3%
Research & development	65M	60M	70M	68M	75M	82M	79M	92M	80M	42M
Selling, general & administrative	601M	702M	557M	465M	429M	507M	516M	559M	450M	439M
Operating expenses	666M	762M	627M	533M	504M	743M	595M	651M	530M	481M
Operating income	605M	530M	635M	634M	435M	539M	585M	813M	486M	601M
Operating margin	9.03%	7.72%	9.23%	9.48%	7.14%	8.48%	8.53%	11.4%	7.44%	9.35%
Non-operating income, net	23M	13M	-97M	-584M	183M	9M	459M	-404M	-113M	-309M
Pretax income	356M	275M	277M	-261M	353M	332M	805M	67M	38M	-49M
Income tax	119M	70M	108M	118M	89M	167M	178M	152M	126M	54M
Net income	230M	202M	282M	-382M	264M	172M	627M	-85M	-88M	-103M
Net margin	3.43%	2.94%	4.1%	-5.71%	4.33%	2.71%	9.15%	-1.2%	-1.35%	-1.6%
EBITDA	1.2B	1.1B	1.3B	1.2B	943M	951M	1.2B	1.4B	1.1B	1.2B
EPS	1.29	1.11	1.61	-2.58	1.59	0.95	3.76	-0.67	-0.69	-0.84
Diluted EPS	1.28	1.1	1.59	-2.58	1.57	0.93	3.67	-0.67	-0.69	-0.84

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	1.6B	1.6B	1.7B	1.7B	1.5B	1.6B	1.7B	1.7B	1.5B	1.5B	1.7B
Cost of revenue	1.4B	1.4B	1.3B	1.4B	1.5B	1.3B	1.3B	1.4B	1.4B	1.3B	1.3B	1.5B
Gross profit	364M	231M	318M	303M	215M	208M	280M	299M	300M	230M	199M	214M
Gross margin	20.9%	14.1%	20%	17.5%	12.8%	13.6%	17.9%	17.5%	18.1%	15.3%	12.9%	12.8%
Research & development	24M	26M	21M	20M	20M	18M	13M	11M	8M	9M	9M	9M
Selling, general & administrative	134M	135M	123M	110M	103M	113M	109M	106M	105M	121M	99M	75M
Operating expenses	158M	161M	144M	130M	123M	131M	122M	117M	113M	130M	108M	84M
Operating income	198M	62M	166M	166M	85M	70M	152M	175M	180M	93M	84M	123M
Operating margin	11.4%	3.78%	10.4%	9.6%	5.06%	4.58%	9.7%	10.3%	10.9%	6.2%	5.45%	7.37%
Non-operating income, net	-38M	-422M	29M	25M	-55M	-112M	-53M	-83M	-31M	-141M	-58M	-864M
Pretax income	82M	-439M	117M	104M	-57M	-125M	18M	7M	58M	-132M	-53M	-827M
Income tax	26M	25M	41M	42M	19M	24M	30M	6M	21M	-3M	18M	138M
Net income	56M	-464M	76M	62M	-76M	-149M	-12M	1M	37M	-129M	-71M	-965M
Net margin	3.21%	-28.3%	4.77%	3.59%	-4.53%	-9.74%	-0.77%	0.06%	2.24%	-8.6%	-4.61%	-57.9%
EBITDA	369M	216M	323M	316M	234M	197M	297M	323M	336M	262M	228M	270M
EPS	0.33	-3.05	0.46	0.37	-0.52	-1	-0.1	-0.03	0.19	-0.9	-0.48	-6.33
Diluted EPS	0.32	-3.05	0.45	0.36	-0.52	-1	-0.1	-0.03	0.19	-0.9	-0.48	-6.33

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.8B	3.6B	2.8B	1.9B	1.9B	1.9B	2.6B	2.5B	1.7B	2.3B	888.2M
Enterprise value	7.7B	8.4B	7.6B	6.9B	6.4B	6B	6.5B	6.6B	5.9B	6.5B	5.7B
Shares outstanding	161.9M	162.7M	160.1M	155.3M	156.8M	157.2M	155.3M	154.7M	154.6M	153.6M	153.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12.3	17.9	9.79	—	7.07	11	4.1	—	—	—	6.01
P/S	0.42	0.53	0.4	0.28	0.31	0.3	0.38	0.36	0.26	0.35	0.14
P/B	7.76	3.89	3.07	3.28	4.65	2.29	1.68	1.45	1.39	1.57	2.35
EV/EBITDA	6.54	7.55	6.02	5.63	6.83	6.3	5.6	4.57	5.53	5.34	6.24
EV/Sales	1.14	1.22	1.1	1.03	1.06	0.94	0.95	0.92	0.9	1.01	0.9
Earnings yield	8.16%	5.6%	10.2%	—	14.1%	9.1%	24.4%	—	—	—	16.6%
FCF yield	10.5%	7.76%	9.24%	-1.13%	7.82%	15.3%	-15%	5.13%	-7.64%	7.41%	7.84%
PEG	—	—	—	—	—	—	—	—	—	—	0

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19.5%	19.4%	18.7%	18.1%	16%	17.2%	17.7%	21.1%	16%	17.3%	12.8%
Operating margin	9.03%	7.72%	9.23%	9.48%	7.14%	8.48%	8.53%	11.4%	7.44%	9.35%	7.19%
Net margin	3.43%	2.94%	4.1%	-5.71%	4.33%	2.71%	9.15%	-1.2%	-1.35%	-1.6%	-18.2%
ROE	63.4%	21.8%	31.3%	-67.7%	65.8%	20.8%	41%	-4.87%	-7.3%	-7.13%	-118.3%
ROA	2.52%	2.07%	2.91%	-3.98%	2.97%	1.95%	6.92%	-0.88%	-1.02%	-1.11%	3.57%
ROIC	7.75%	6.91%	6.76%	11.4%	6.53%	5.44%	8.33%	0%	0%	10.6%	9.26%
Return on tangible assets	7.39%	5.72%	7.59%	-7.87%	6.27%	3.84%	13%	-1.39%	-1.59%	-1.77%	-17.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.09	1.06	1.07	1.25	1.21	1.36	1.1	1.23	1.15	1.25	1.26
Quick ratio	0.62	0.61	0.61	0.72	0.77	0.92	0.74	0.77	0.7	0.77	0.77
Debt / equity	14.7	5.7	5.93	9.86	12.8	5.83	3.09	2.84	4.12	3.46	9.25
Debt / assets	0.58	0.54	0.55	0.58	0.58	0.55	0.52	0.51	0.57	0.54	0.62
Net debt / EBITDA	4.13	4.3	3.83	4.11	4.86	4.31	3.39	2.81	3.96	3.48	4.24
Interest coverage	2.31	2.03	2.06	0.16	2.33	2.54	4.37	1.2	1.11	0.86	-1.81
Effective tax rate	33.4%	25.5%	39%	0%	25.2%	50.3%	22.1%	100%	100%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	41.4	42.2	42.9	43.1	38.8	40.5	44.1	45.9	42.3	41.8	41.5
EPS (basic)	1.29	1.11	1.61	-2.58	1.59	0.95	3.76	-0.67	-0.69	-0.84	-0.84
EPS (diluted)	1.28	1.1	1.59	-2.58	1.57	0.93	3.67	-0.67	-0.69	-0.84	-7.54
Book value per share	2.24	5.7	5.62	3.63	2.56	5.26	9.84	11.3	7.8	9.41	2.49
FCF per share	1.83	1.72	1.59	-0.14	0.93	1.84	-2.48	0.84	-0.83	1.09	-0.09
Cash per share	3.04	3.02	3.2	3.55	3.59	4.61	4.98	5.9	4.75	4.94	2.21
Capex per share	2.8	2.71	3.35	2.74	1.98	2.53	3.47	4.45	3.99	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	6.77%	6.42%	7.79%	6.37%	5.11%	6.26%	7.86%	9.68%	9.45%	—	—
Capex / operating cash flow	88.8%	73.5%	71.2%	-355%	45.1%	60.9%	869.4%	196%	120.5%	—	—
Payout ratio	—	0%	0%	-8.12%	3.03%	—	—	—	—	—	0%
Dividend yield	—	0%	0%	1.67%	0.43%	—	—	—	—	—	3.45%

Yield

3.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.05

ex-dividend Feb 27, 2020

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Feb 27, 2020	$0.05
Nov 27, 2019	$0.05
Aug 29, 2019	$0.05
May 30, 2019	$0.05
Jan 18, 2019	$0.05

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$1.6B	$1.6B	$1.7B	$1.7B	$1.5B	$1.6B	$1.7B	$1.7B	$1.5B	$1.5B	$1.7B
YoY change	+2.95%	-3.07%	-13%	-8.52%	-3.67%	-6.83%	-1.63%	-1.33%	-1.55%	-1.9%	-1.72%	-2.23%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	492M	492M	512M	551M	563M	725M	773M	913M	734M	759M
Receivables	580M	663M	549M	621M	623M	692M	760M	671M	572M	601M
Inventory	983M	1B	1B	1B	841M	816M	848M	1.1B	963M	1B
Total current assets	2.3B	2.4B	2.4B	2.5B	2.3B	2.5B	2.6B	2.9B	2.5B	2.6B
Property, plant & equipment	1.8B	2B	1.9B	2.2B	1.8B	1.8B	2.1B	2.6B	2.4B	2.3B
Goodwill & intangibles	6B	6.2B	6B	4.8B	4.7B	4.3B	4.2B	3.5B	3.1B	3.4B
Total assets	9.1B	9.8B	9.7B	9.6B	8.9B	8.8B	9.1B	9.7B	8.7B	9.2B
Accounts payable	1.1B	1.3B	1.3B	1.3B	1.1B	1.2B	1.4B	1.4B	1.1B	1.2B
Short-term debt	195M	162M	160M	124M	197M	72M	345M	248M	416M	162M
Total current liabilities	2.1B	2.3B	2.2B	2B	1.9B	1.8B	2.4B	2.3B	2.2B	2.1B
Long-term debt	5.1B	5.1B	5.2B	5.4B	4.9B	4.8B	4.4B	4.7B	4.6B	4.8B
Total liabilities	8.8B	8.8B	8.8B	9B	8.5B	8B	7.5B	7.9B	7.4B	7.8B
Shareholders' equity	363M	927M	900M	564M	401M	827M	1.5B	1.7B	1.2B	1.4B
Total debt	5.3B	5.3B	5.3B	5.6B	5.1B	4.8B	4.7B	4.9B	5B	5B
Net debt	4.8B	4.8B	4.8B	5B	4.6B	4.1B	3.9B	4B	4.2B	4.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	792M	913M	395M	671M	755M	734M	424M	487M	556M	759M	317M	339M
Receivables	766M	671M	801M	725M	794M	572M	758M	848M	891M	601M	805M	883M
Inventory	1.1B	1.1B	1.2B	1.2B	1.1B	963M	985M	990M	982M	1B	1B	947M
Total current assets	2.9B	2.9B	2.7B	2.8B	2.8B	2.5B	2.4B	2.6B	2.7B	2.6B	2.4B	2.5B
Property, plant & equipment	—	2.6B	—	—	—	2.4B	—	—	—	2.3B	—	—
Goodwill & intangibles	4.2B	3.5B	3.4B	3.2B	3.2B	3.1B	3.1B	3.3B	3.3B	3.4B	3.3B	1.6B
Total assets	9.7B	9.7B	9.4B	9.3B	9.4B	8.7B	8.7B	9.2B	9.3B	9.2B	8.9B	8.1B
Accounts payable	1.3B	1.4B	1.2B	1.1B	1.1B	1.1B	1B	1.1B	1.1B	1.2B	1.1B	1.1B
Short-term debt	159M	248M	815M	500M	537M	416M	226M	236M	170M	162M	160M	193M
Total current liabilities	2.1B	2.3B	2.6B	2.2B	2.3B	2.2B	1.9B	2.1B	2B	2.1B	1.9B	1.9B
Long-term debt	4.8B	4.7B	4.1B	4.6B	4.7B	4.6B	4.8B	4.9B	4.9B	4.8B	4.8B	4.8B
Total liabilities	7.6B	7.9B	7.6B	7.7B	7.9B	7.4B	7.5B	7.8B	7.8B	7.8B	7.5B	7.5B
Shareholders' equity	2.1B	1.7B	1.8B	1.6B	1.5B	1.2B	1.2B	1.4B	1.5B	1.4B	1.4B	539M
Total debt	4.9B	4.9B	4.9B	5.1B	5.2B	5B	5B	5.1B	5.1B	5B	5B	5B
Net debt	4.1B	4B	4.5B	4.5B	4.5B	4.2B	4.6B	4.6B	4.6B	4.2B	4.6B	4.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	237M	205M	169M	-379M	264M	165M	627M	-85M	-88M	-103M
Depreciation & amortization	478M	488M	494M	499M	468M	449M	454M	483M	486M	479M
Stock-based compensation	—	—	—	—	—	8M	33M	43M	14M	25M
Change in working capital	-74M	34M	81M	-136M	-124M	-17M	2M	-125M	-46M	53M
Operating cash flow	511M	600M	753M	-120M	689M	654M	62M	351M	512M	600M
Capital expenditure	-454M	-441M	-536M	-426M	-311M	-398M	-539M	-688M	-617M	—
Investing cash flow	-425M	-466M	-698M	-437M	103M	-98M	-85M	-687M	-591M	56M
Dividends paid	—	0	0	-31M	-8M	—	—	—	—	—
Share repurchases	—	-5M	-163M	-42M	-3M	-42M	-42M	-40M	-40M	-40M
Financing cash flow	-228M	-392M	-53M	68M	-557M	-273M	6M	-27M	-8M	-250M
Net change in cash	-142M	-258M	2M	-489M	235M	283M	-17M	-363M	-87M	406M
Free cash flow	297M	280M	255M	-21M	146M	289M	-385M	130M	-128M	168M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	56M	-464M	76M	62M	-77M	-149M	-12M	2M	36M	-129M	-71M	-965M
Depreciation & amortization	127M	114M	125M	125M	127M	109M	118M	120M	123M	118M	119M	122M
Stock-based compensation	7M	7M	7M	-1M	3M	5M	4M	4M	4M	13M	5M	0
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	206M	-380M	214M	189M	104M	44M	142M	168M	214M	402M	-294M	94M
Capital expenditure	-197M	-223M	-213M	-160M	-136M	-108M	-135M	-104M	—	—	—	—
Investing cash flow	-190M	-224M	-215M	-160M	-123M	-81M	-122M	-99M	8M	—	5M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-10M	-10M	-10M	-10M	-10M	-10M	-10M	-10M	-10M	-10M	-10M	0
Financing cash flow	-11M	-13M	-23M	-30M	4M	-192M	-33M	-14M	-56M	-147M	-20M	20M
Net change in cash	5M	-617M	-24M	-1M	-15M	-229M	-13M	55M	166M	255M	-309M	114M
Free cash flow	142M	158M	-483M	90M	55M	210M	-306M	51M	114M	309M	-436M	-1M

O-I Glass, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement