Filing Flows

Filing Flows › Companies › Ball › Cash flow

Ball cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$32.0M in Q3 2026 · $602M over twelve months

Operating cash flow$189M
Capital spending−$157M
Free cash flow+$32.0M
Cash conversion cycle9 days

Analysis

In Q3 2026, Ball generated $189M of operating cash flow and spent $157M on capital projects, leaving free cash flow of $32.0M. That is $225M less than in Q3 2025 ($257M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.2B; the largest uses were capital spending ($629M), buybacks ($487M), dividends ($213M); besides operations, cash came from other investing ($49.0M), other financing ($7.0M); the cash balance fell by $158M.

Operating cash flow was $189M against net income of −$94.0M. The largest differences: depreciation & amortization +$163M, deferred taxes −$117M.

Its cash conversion cycle was 9 days (receivables 63 + inventory 68 − payables 122).

Free cash flow

Ball: free cash flow by quarterBall: free cash flow by quarter$393MQ4 2024−$746MQ1 2025$236MQ2 2025$257MQ3 2025$1.0BQ4 2025−$938MQ1 2026$467MQ2 2026$32.0MQ3 2026
Operating cash flow less capital spending.
Ball: operating cash flow against capital spendingBall: operating cash flow against capital spendingOperating cash flowCapital spending$500M$107MQ4 2024−$665M$81.0MQ1 2025$332M$96.0MQ2 2025$384M$127MQ3 2025$1.2B$170MQ4 2025−$777M$161MQ1 2026$608M$141MQ2 2026$189M$157MQ3 2026
Latest (Q3 2026): Operating cash flow $189M, Capital spending $157M.

Capital allocation, year by year

Ball: where the cash came from (up) and went (down), by fiscal yearBall: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.8BFY2021: Net borrowing $98.0MFY2021: Asset sales $112MFY2021: Capital spending −$1.7BFY2021: Buybacks −$766MFY2021: Dividends −$229M$2.0BFY2021FY2022: Operating cash flow $301MFY2022: Net borrowing $1.4BFY2022: Asset sales $759MFY2022: Capital spending −$1.7BFY2022: Buybacks −$618MFY2022: Dividends −$254M$2.4BFY2022FY2023: Operating cash flow $1.9BFY2023: Net borrowing −$440MFY2023: Capital spending −$1.0BFY2023: Buybacks −$3.0MFY2023: Dividends −$252M$1.9BFY2023FY2024: Operating cash flow $115MFY2024: Net borrowing −$2.9BFY2024: Asset sales $5.4BFY2024: Capital spending −$484MFY2024: Acquisitions −$74.0MFY2024: Buybacks −$1.7BFY2024: Dividends −$244M$5.5BFY2024FY2025: Operating cash flow $1.3BFY2025: Net borrowing $1.2BFY2025: Asset sales $32.0MFY2025: Capital spending −$474MFY2025: Acquisitions −$159MFY2025: Buybacks −$1.3BFY2025: Dividends −$220M$2.5BFY2025
Over these 5 years operating cash flow totalled $5.3B; the largest uses were capital spending ($5.4B) and buybacks ($4.4B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$410M
Debt$7.0B
Net debt$6.6B
Due within a year$4.0M

Ball funds itself: free cash flow was $602M over the last twelve months, and $410M of cash and investments stands against $7.0B of debt ($4.0M due within a year, 102.5× covered by cash).

Ball: debt maturities by year (FY2025)Ball: debt maturities by year (FY2025)$4.0MYear 1$649MYear 2$1.0MYear 3$1.0BYear 4$2.8BYear 5$2.6BAfter year 5
Principal due in each year as disclosed in the annual report, against $410M of cash and investments now.

Where the cash came from and went

Ball: sources (+) and uses (−) of cash, Q3 2026Ball: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$189MCapital spending−$157MBuybacks−$157MCash drawn (+) / kept (−)$80.0MNet borrowing (+) / repaid (−)$73.0MDividends−$52.0MOther investing$20.0MOther financing$7.0MExchange rates−$3.0M
Ball: sources (+) and uses (−) of cash, TTM to Q3 2026Ball: sources (+) and uses (−) of cash, 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 profit to cash

Ball: net income to operating cash flow, Q3 2026Ball: net income to operating cash flow, Q3 2026Net income−$94.0MDepreciation & amortization$163MDeferred taxes−$117MOperating cash flow$189M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202663681229
Q2 202659651159
Q1 20265664126-5
Q4 20255966135-11
Q3 202562611204
Q2 202561571144
Q1 20255656120-7
Q4 20246358134-14

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$189M−$157M—−$157M−$52.0M$73.0M$80.0M$32.0M
Q2 2026$608M−$141M−$1.0M−$114M−$53.0M−$571M$248M$467M
Q1 2026−$777M−$161M−$75.0M−$1.0M−$54.0M$650M$472M−$938M
Q4 2025$1.2B−$170M—−$215M−$54.0M−$198M−$642M$1.0B
Q3 2025$384M−$127M−$1.0M−$84.0M−$54.0M$196M−$261M$257M
Q2 2025$332M−$96.0M$1.0M−$467M−$55.0M$223M$149M$236M
Q1 2025−$665M−$81.0M−$159M−$555M−$57.0M$1.0B$464M−$746M
Q4 2024$500M−$107M—−$651M−$59.0M−$81.0M$513M$393M

Ball: income statement and cash flow

Ball, Q3 2026: revenue $4.2B (+24% year over year), operating margin -3.3%. The chart follows the revenue to costs, profit and cash.

Ball: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.