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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.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

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
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $4.2B | +24% | -3.3% | −$94.0M | $189M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $4.0B | +20% | 7.2% | $223M | $608M |
| Q1 2026 | 10-Q | May 5, 2026 | $3.6B | +16% | 7.4% | $205M | −$777M |
| Q4 2025 | 10-K | Feb 19, 2026 | $3.3B | +16% | 7.5% | $200M | $1.2B |
| Q3 2025 | 10-Q | Nov 4, 2025 | $3.4B | +10% | 11.7% | $321M | $384M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $3.3B | +13% | 8.3% | $215M | $332M |
| Q1 2025 | 10-Q | May 6, 2025 | $3.1B | +8% | 7.5% | $179M | −$665M |
Charts
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
- BUD — 15% of its revenue · Stated in 10-K (XBRL) · source
- Coca-Cola Bottlers' Sales & Services Company LLC — 14% of its revenue · Stated in 10-K (XBRL) · source
- Red Bull GmbH — 11% of its revenue · Stated in 10-K (XBRL) · source
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%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BALL Ball | Q3 2026 | $4.2B | +24% | -3.3% |
| CCK Crown Holdings | Q3 2026 | $3.7B | +16% | 11.9% |
| SLGN Silgan Holdings | Q3 2026 | $2.0B | +2% | 7.1% |
Source: Ball 10-Q on SEC EDGAR · CIK 9389 · Metal Cans
Guidance and outlook
13F: who owns BALL and who is buying
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