Ball Corporation (BALL) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Industrials
Metal CansSEC EDGAR

Ball Corporation (BALL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Ball Corporation FY2025 10-K Analysis

Business Overview

  • Core business: global supplier of sustainable aluminum packaging for beverage, personal care, household products with $13.16B net sales in 2025
  • Strategic shift: divested aerospace business in February 2024, now reporting three beverage packaging segments (N/CA, EMEA, South America)
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Management Discussion & Analysis

  • Revenue $13.16B in 2025, up $1.37B (13%) YoY from volume (+$713M), price mix (+$579M), currency (+$177M)
  • Net earnings $912M in 2025, down $3.10B YoY; net margin 7% vs 34% in 2024 impacted by discontinued aerospace operations
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Risk Factors

  • Regulatory risk from U.S. Customs challenge on aluminum import tariffs since Sept 2025, potential additional duties impacting results, no reserve recorded yet
  • Geopolitical/macro exposure: 53% net sales outside U.S., vulnerable to political instability, tariffs, currency risk, inflation, and global conflicts
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Ball Corporation FY2025 Key Financial Metrics
XBRL

Revenue

$13.2B

+11.6% YoY

Net Income

$912M

-77.2% YoY

Net Margin

6.9%

-2705bp YoY

ROE

16.8%

-5155bp YoY

Total Assets

$19.5B

+10.8% YoY

EPS (Diluted)

$3.30

-74.6% YoY

Operating Cash Flow

$1.3B

+997.4% YoY

Source: XBRL data from Ball Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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