Short answer
O-I Glass, Inc. /DE/ (OI) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $6.4B (−1.6% year over year) and net income of −$129M.
- Top risk flagged: Regulatory/legal: U.S. and international laws on AI deployment risk compliance costs and penalties amid evolving regulations impacting AI use and third-party technology licensing
FY2025 key financial metrics · XBRL
- Revenue
- $6.4B
- −1.6% YoY
- Net income
- −$129M
- −21.7% YoY
- Gross margin
- 17.3%
- +1.3 pp YoY
- EPS (diluted)
- −$0.84
- −21.7% YoY
- ROE
- -10.0%
- −0.1 pp YoY
- Operating cash flow
- $600M
- +22.7% YoY
Source: XBRL data from the O-I Glass, Inc. /DE/ (OI) FY2025 10-K on SEC EDGAR. USD.
O-I Glass, Inc. /DE/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Manufacturing and selling glass containers globally
- No new products, services, or segments specifically introduced or emphasized in 2026 filing
- Strategic focus on compliance: updated Code of Business Conduct and Ethics with enhanced web disclosure commitment
- Equity compensation plans allow 12.7 million securities available for issuance as of Dec 31, 2025, incorporating 5.6 million restricted/performance shares
- Notable updates: Amended and Restated Credit Agreement dated Sep 30, 2025, reflecting latest financing arrangements
Management Discussion & Analysis
- Revenue $6,426M in 2025, down 2% YoY ($6,531M in 2024), driven by 3% lower shipments and 2% volume decline in Americas and Europe
- Segment operating profit $846M in 2025 vs $748M in 2024, margin ~13.2% vs ~11.5% (approx.), Americas best profit $549M (+40%), Europe worst $297M (-17%)
- Net loss attributable to company $(129)M in 2025 vs $(106)M in 2024, effective tax rate -110% in 2025 vs 332% in 2024
- Operating cash flow expected ~$650M in 2026, capex ~$450M; recorded $443M restructuring charges in 2025, Fit to Win benefits $240M in 2025, expecting $275M in 2026
- Outlook: 2026 volumes flat to slightly down, net prices (net of inflation) unfavorable with $150M higher Europe energy costs, $750M cumulative Fit to Win benefits through 2027
Risk Factors
- Regulatory/legal: U.S. and international laws on AI deployment risk compliance costs and penalties amid evolving regulations impacting AI use and third-party technology licensing
- Geopolitical/macroeconomic: Russia-Ukraine conflict driving natural gas price volatility, affecting European operations where gas accounts for 10-20% of manufacturing costs
- Operational/supply chain: Supply chain disruptions from geopolitical tensions and trade disputes delaying equipment and materials for capital projects, increasing costs and timelines
- Competitive/market disruption: Halted MAGMA glass melting technology development reduces competitiveness against packaging firms advancing cost-effective, lower-carbon solutions
- Financial risk: $1.49B goodwill (16% of assets) subject to impairment; prior $445M charge in 2023 risks further write-downs impacting net worth and results
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