Filing Flows › O-I Glass (OI) › Q2 2025
O-I Glass (OI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
O-I Glass (OI) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +9% from the quarter before. Operating margin was 0.4%, net earnings $1.0M (0.1% of revenue).
O-I Glass, Q2 2025: revenue $1.7B (-1% year over year), operating margin 0.4%, net earnings $1.0M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +9% | -1% |
| Gross profit | $299M | +7% | -1% |
| Operating profit | $7.0M | -61% | -93% |
| Net earnings | $1.0M | — | -98% |
| Operating cash flow | $155M | — | -38% |
| Free cash flow | $51.0M | — | -43% |
What changed
Revenue was $1.7B in Q2 2025, down 1% year over year and up 9% from the previous quarter. Americas was the largest line at 55% of revenue. Europe lost $0.06B year over year (down 8%), 265% of the total change.
Gross margin was 17.5%, unchanged from a year earlier. Operating profit was $0.01B, a 0.4% margin (down 5.6 points year over year). Operating expenses grew 47% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+154%). Net earnings were −$0.01B. The effective tax rate was 85.7%.
Operating cash flow was $0.15B (down 38% year over year), 15500% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.10B left free cash flow of $0.05B.
Questions
What was O-I Glass' revenue in the second quarter 2025?
O-I Glass (OI) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +9% from the quarter before.
Was O-I Glass profitable in the second quarter 2025?
Operating profit was $7.0M (0.4% of revenue) and net earnings $1.0M.
Source: O-I Glass 10-Q on SEC EDGAR.