Ball Corporation (BALL) Q3 2025 10-Q Quarterly Report
Ball Corporation (BALL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Ball Corporation Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $3,379M Q3 2025, up $297M YoY from $3,082M Q3 2024; 9 months $9,814M vs $8,915M, up $899M YoY
- • Cost of sales 80% of net sales Q3 2025 vs 79% Q3 2024; SG&A 4% of sales Q3 2025 vs 5% Q3 2024, 9 months SG&A 4% vs 6% YoY
- • Beverage Packaging EMEA best segment: operating earnings +$19M Q3 2025 YoY, sales +$109M; South America worst margin impact with higher costs offsetting gains
- • Operating cash flow $51M 9 months 2025 vs -$385M 9 months 2024; capital expenditures $304M, $160M used for acquisition of Florida Can Manufacturing
- • Management expects 2025 capex ~$465M, plans $1.3B share repurchases, notes rising interest expense and inflation impacts, confident liquidity with $1.7B revolver availability through 2027
Risk Factors
- • New risk: U.S. Customs challenges tariff classification on aluminum imports, potential additional tariffs could materially impact results
- • Updated risk: Raw material cost volatility from aluminum prices on LME and supply shortages due to strikes, sanctions, and trade actions
- • Regulatory risk: Possible increased tariffs tied to ongoing U.S. Customs and Border Protection dispute with undefined financial impact
- • Market risk: Fixed-price contracts limit passing raw material cost increases, risking volume decline and short-term profitability pressures
- • Financial risk: Derivative hedging may be insufficient against raw material price surges affecting profit margins and cost recoverability
Ball Corporation Q3 2025 Quarterly FinancialsXBRL
Revenue
$3.4B
▲ +9.6% YoY▲ +1.2% QoQ
Net Income
$321M
▲ +62.9% YoY▲ +51.4% QoQ
Net Margin
9.5%
▲ +311bp YoY▲ +315bp QoQ
ROE
5.9%
Total Assets
$18.7B
EPS (Diluted)
$1.17
▲ +56.0% YoY▲ +53.9% QoQ
Operating Cash Flow
$384M
▼ -37.0% YoY▲ +15.7% QoQ
Source: XBRL data from Ball Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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