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Ball (BALL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Ball (BALL) Q3 2026 earnings results →

Q3 2026 Revenue up 24% year over year to $4.2B · 2¢ of every $1 of revenue lost · operating margin -3.3%

Ball made $4.2B in Q3 2026 (+24% Y/Y). Operating margin -3.3%, net loss $94.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$4.2B
Year over year+24%
Operating margin-3.3%
Net earnings−$94.0M
Operating cash flow$189M

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Ball Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $4.2B in Q3 2026, up 24% year over year and up 5% from the previous quarter.

Operating costs exceeded revenue by $0.14B, an operating margin of -3.3%. Total costs grew 45% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+367%). The quarter ended with a net loss of $0.09B, after a profit of $0.22B the previous quarter.

Operating cash flow was $0.19B (down 51% year over year). Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items added $0.12B. Capital expenditures of $0.16B left free cash flow of $0.03B.

Quarterly history

Ball revenue by quarterBall revenue by quarter$3.1BQ1 2025$3.3BQ2 2025$3.4BQ3 2025$3.3BQ4 2025$3.6BQ1 2026$4.0BQ2 2026$4.2BQ3 2026
Ball net earnings by quarterBall net earnings by quarter$179MQ1 2025$215MQ2 2025$321MQ3 2025$200MQ4 2025$205MQ1 2026$223MQ2 2026−$94.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$4.2B+24%-3.3%−$94.0M$189M
Q2 202610-QAug 4, 2026$4.0B+20%7.2%$223M$608M
Q1 202610-QMay 5, 2026$3.6B+16%7.4%$205M−$777M
Q4 202510-KFeb 19, 2026$3.3B+16%7.5%$200M$1.2B
Q3 202510-QNov 4, 2025$3.4B+10%11.7%$321M$384M
Q2 202510-QAug 5, 2025$3.3B+13%8.3%$215M$332M
Q1 202510-QMay 6, 2025$3.1B+8%7.5%$179M−$665M

Charts

Ball: revenue growth, year over year and quarter over quarterBall: revenue growth, year over year and quarter over quarterY/YQ/Q+8%Q1 2025+13%+8%Q2 2025+10%+1%Q3 2025+16%-1%Q4 2025+16%+8%Q1 2026+20%+11%Q2 2026+24%+5%Q3 2026
Latest (Q3 2026): Y/Y +24%, Q/Q +5%.
Ball: where the cash came from (+) and went (−), TTM to Q3 2026Ball: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.2BCapital spending−$629MBuybacks−$487MDividends−$213MCash drawn (+) / kept (−)$158MAcquisitions−$76.0MOther investing$49.0MNet borrowing (+) / repaid (−)−$46.0MOther financing$7.0MExchange rates$6.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ball: profit against cash, quarter by quarterBall: profit against cash, quarter by quarterNet incomeOperating cash flow−$30.0M$500MQ4 2024$179M−$665MQ1 2025$215M$332MQ2 2025$321M$384MQ3 2025$200M$1.2BQ4 2025$205M−$777MQ1 2026$223M$608MQ2 2026−$94.0M$189MQ3 2026
Latest (Q3 2026): Net income −$94.0M, Operating cash flow $189M.
Ball: diluted shares by fiscal yearBall: diluted shares by fiscal year333MFY2020332MFY2021320MFY2022317MFY2023308MFY2024276MFY2025
-17.1% since FY2020: buybacks shrank the count.
Ball: long-term debt falling due (FY2025)Ball: long-term debt falling due (FY2025)$4.0M2026$649M2027$1.0M2028$1.0B2029$2.8B2030$2.6BLater
Cash $1.2B, short-term investments —, long-term debt $7.0B at 2025-12-31.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Ball

Ball Corporation and its consolidated subsidiaries (collectively, Ball, the company, we or our) is one of the world’s leading suppliers of aluminum packaging for the beverage, personal care and household products industries. The company was organized in 1880 and incorporated in the state of Indiana, United States of America (U.S.), in 1922. Our sustainable, aluminum packaging products are produced for a variety of end uses and are manufactured in facilities around the world. In 2025, our total consolidated net sales were $13.16 billion.

In its own words, from its 10-K, filed Feb 19, 2026.

Ball against its Metal Cans peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +16%. Operating margin: -3.3% against the peers' median 7.1%.

CompanyQuarterRevenueY/YOp. margin
BALL BallQ3 2026$4.2B+24%-3.3%
CCK Crown HoldingsQ3 2026$3.7B+16%11.9%
SLGN Silgan HoldingsQ3 2026$2.0B+2%7.1%

Source: Ball 10-Q on SEC EDGAR · CIK 9389 · Metal Cans

Guidance and outlook

Ball: what its forward-looking statements are about (10-Q filed 2026-11-03)Ball: what its forward-looking statements are about (10-Q filed 2026-11-03)Other3Buybacks & dividends2Deals1Costs1Capital spending1Financing1
9 statements; tone +0.33 (−1 all cautious, +1 all confident); 2 hedged.
Ball: outlook statements against the filing beforeBall: outlook statements against the filing beforeConfident3

13F: who owns BALL and who is buying

Largest holders of BALL (13F)Largest holders of BALL (13F)Vanguard Group$1.7BBlackRock$1.3BVanguard Capital Management LLC$1.1BState Street$837MPrice T Rowe Associates$768MVanguard Portfolio Management LLC$719MBoston Partners$548MGeode Capital Management, LLC$441MMorgan Stanley$430MDimensional Fund Advisors LP$407M
Funds' net buying of BALL by quarter (13F)Funds' net buying of BALL by quarter (13F)−$153M2024-09−$146M2024-12−$693M2025-03−$119M2025-06−$79.5M2025-09$406M2025-12−$408M2026-03−$32.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BALL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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