O-I Glass, Inc. /DE/ (OI) FY2025 10-K Annual Report
O-I Glass, Inc. /DE/ (OI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 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.
O-I Glass, Inc. /DE/ FY2025 10-K Analysis
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
O-I Glass, Inc. /DE/ FY2025 Key Financial MetricsXBRL
Revenue
$6.4B
▼ -1.6% YoY
Net Income
-$129M
▼ -21.7% YoY
Gross Margin
17.3%
▲ +126bp YoY
Net Margin
-2.0%
▼ -38bp YoY
ROE
-10.0%
▼ -15bp YoY
Total Assets
$9.2B
▲ +6.8% YoY
EPS (Diluted)
$-0.84
▼ -21.7% YoY
Operating Cash Flow
$600M
▲ +22.7% YoY
Source: XBRL data from O-I Glass, Inc. /DE/ FY2025 10-K filing on SEC EDGAR. All figures in USD.
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