BALL on NYSE

Ball Corporation

Logo: Ball Corporation, Public domain, via Wikimedia Commons5

American aerospace and metal food and beverage container manufacturer

Ball Corporation is an American aluminum manufacturing company headquartered in Westminster, Colorado, United States. It is best known for its early production of glass jars, lids, and related products used for home canning.3 From Wikipedia, CC BY-SA 4.0

$62.80 up 2.37 (3.92%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1880Founded1

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  • TickerBALL on NYSE1
  • Industrymechanical engineering1
  • HeadquartersBroomfield1
  • Websitewww.ball.com
  • Incorporated inIN6
  • Business address9200 W. 108Th Circle, Westminster, Co 800216
  • Filer categoryLarge accelerated filer6

Ball Corporation is an American aluminum manufacturing company headquartered in Westminster, Colorado, United States. It is best known for its early production of glass jars, lids, and related products used for home canning. Since its founding in Buffalo, New York, in 1880, when it was known as the Wooden Jacket Can Company, the Ball company has expanded and diversified into other business ventures, including aerospace technology. It eventually became the world's largest manufacturer of recyclable aluminum packaging for a variety of beverage, home and personal care applications.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.0%Net margin8
11.6%Revenue growth, 20258
16.9%Return on equity8
$788.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Beverage packaging, North And Central America brought in 51% of the revenue Ball Corporation broke down this way in fiscal 2025.

  1. Beverage packaging, North And Central America$6.3B851%up 12% from 2024
  2. Beverage packaging, EMEA$4.0B832%up 15% from 2024
  3. Beverage packaging, South America$2.2B817%up 11% from 2024
Business segments by year
Business segments202320242025
Beverage packaging, North And Central America$6.0B$5.6B$6.3B
Beverage packaging, EMEA$3.4B$3.5B$4.0B
Beverage packaging, South America$2.0B$2.0B$2.2B

Regions

United States brought in 47% of the revenue Ball Corporation broke down this way in fiscal 2025.

  1. United States$6.2B847%up 13% from 2024
  2. Other$5.5B842%up 12% from 2024
  3. Brazil$1.5B811%up 5% from 2024
Regions by year
Regions202320242025
United States$5.9B$5.5B$6.2B
Other$4.8B$4.9B$5.5B
Brazil$1.4B$1.4B$1.5B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin4¢$566.0M
  • Other costs87¢$11.4B
  • Income tax2¢$240.0M
  • Profit7¢$915.0M

Out of $13.2B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$474.0M
  • Dividends paid11¢$220.0M
  • Share buybacks66¢$1.3B

Out of $1.3B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$13.2B in 2025+15% since 2019
0$5.0B$10.0B$15.0B2019: $11.5B$11.5B20192020: $11.8B$11.8B2020+3%2021: $13.8B$13.8B2021+17%2022: $13.4B$13.4B2022−3%2023: $12.1B$12.1B2023−10%2024: $11.8B$11.8B2024−2%2025: $13.2B$13.2B2025+12%
Operating income91011$1.3B in 2023+37% since 2019
0$500.0M$1.0B$1.5B2019: $932.0M$932.0M20192020: $1.0B$1.0B2020+8%2021: $1.3B$1.3B2021+29%2022: $1.2B$1.2B2022−6%2023: $1.3B$1.3B2023+5%
Net income91011128$915.0M in 2025+71% since 2019
0$2.0B$4.0B$6.0B2019: $536.0M$536.0M20192020: $582.0M$582.0M2020+9%2021: $878.0M$878.0M2021+51%2022: $732.0M$732.0M2022−17%2023: $711.0M$711.0M2023−3%2024: $4.0B$4.0B2024+465%2025: $915.0M$915.0M2025−77%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Net sales$13.2B$11.8B$12.1B
Cost of sales (excluding depreciation and amortization)-$10.6B-$9.4B-$9.8B
Depreciation and amortization-$622.0M-$611.0M-$605.0M
Selling, general and administrative-$566.0M-$647.0M-$532.0M
Business consolidation and other activities$41.0M-$420.0M-$133.0M
Interest income$30.0M$68.0M$36.0M
Interest expense-$314.0M-$293.0M-$460.0M
Debt refinancing and other costs-$19.0M-$3.0M
Earnings before taxes$1.1B$535.0M$614.0M
Tax (provision) benefit-$240.0M-$133.0M-$146.0M
Equity in results of affiliates, net of tax$27.0M$28.0M$20.0M
Earnings from continuing operations$915.0M$430.0M$488.0M
Discontinued operations, net of tax$3.6B$223.0M
Net earnings$915.0M$4.0B$711.0M
Net earnings attributable to noncontrolling interests$3.0M$6.0M$4.0M
Net earnings attributable to Ball Corporation$912.0M$4.0B$707.0M
Basic - continuing operations (in dollars per share)$3$1$2
Basic - discontinued operations (in dollars per share)$12$1
Total basic earnings per share (in dollars per share)$3.33$13.12$2.25
Diluted - continuing operations (in dollars per share)$3$1$2
Diluted - discontinued operations (in dollars per share)$12$1
Total diluted earnings per share (in dollars per share)$3.30$13.00$2.23
Basic (in shares)274.3M shares305.5M shares314.8M shares
Diluted (in shares)276.0M shares308.2M shares317.0M shares

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The story

Early years

In 1880, Frank C. and Edmund B. Ball borrowed close to $200 from their uncle George Harvey Ball, founder and first president of Keuka College, to purchase the Wooden Jacket Can Company, a small manufacturing business located in Buffalo, New York. Soon afterward, William, Lucius, and George Ball joined their brothers, Frank and Edmund, in Buffalo. (Years later, the brothers reciprocated their uncle's early assistance by providing financial support to Keuka College.)

The Ball brothers' company made tin cans encased in wooden jackets to hold kerosene, paints, or varnishes. Because the acid used to refine kerosene caused corrosion in tin, the brothers decided to use glass for the inserts of the wood-jacketed cans. Initially, they bought the glass containers from a factory in Poughkeepsie, New York. Around 1885 a group of Belgian glassblowers who were passing through Buffalo encouraged the Ball brothers to build their own factory. The Ball brothers purchased land in East Buffalo, where they built a two-story brick building for the stamping works and a one-story frame factory for the glass works. Although a fire destroyed an early glass factory in Buffalo, the brothers rebuilt and expanded the business. To keep the new factory's furnace operating at full capacity, the company introduced new products and made improvements to its glass and metal manufacturing processes.

Around 1884, when the brothers discovered that the Mason Improved fruit jar patent was due to expire, their company began manufacturing canning jars in their glassworks. The Ball Brothers' jars, which were produced in half-gallon, pint, and midget sizes, were manufactured during 1884, 1885, and 1886. "Buffalo" jar lids were produced in a Ball Brother metal fabricating factory. The brothers decided to add their logo onto the surface of the glass jars, which were amber or aqua (blue-green) at the time.

On February 13, 1886, the five brothers incorporated the business under the name Ball Brothers Manufacturing Company. About the same time the factory in Buffalo was destroyed by fire in 1886, the brothers began to consider moving their business closer to natural gas supplies. While on a business trip in Cleveland, Ohio, Frank heard about the natural gas boom in Findlay, Ohio. After visiting the town, he told Edmund about the economic advantages of using natural gas instead of coal for manufacturing glass. Edmund visited several towns in the gas fields, including Muncie, Indiana. The two brothers decided to make a more extensive trip to investigate the possibility of establishing a glass factory closer to an abundant supply of natural gas. They briefly had doubts about extending beyond Buffalo, but decided to explore the use of natural gas as a means of expanding their glass-making business.

Frank and Edmund first visited in Fostoria, Ohio, where they were enthusiastically welcomed. The next stop was Bowling Green, Ohio. After a night in town, Edmund returned to Buffalo, but Frank remained. After Frank had been in Bowling Green for about a week, he received a telegram from James Boyce, a Muncie businessman. Frank, who had become weary of Bowling Green, was ready for a change and "decided to run down to Muncie and see what they had to offer." As Frank recalled his early discussions with Muncie's town leaders, "There was nothing about the town that particularly appealed to me, but the men were all courteous, kind, and businesslike." Frank agreed to a proposal that offered the Ball brothers 7 acres (2.8 hectares) of land for a factory site, a gas well, and $5,000 in cash to encourage the move to Muncie. In addition, city officials agreed to provide a railroad connection to the brothers' new facilities. By September 1887 construction had begun on the Muncie factory and the Ball brothers began plans to move their glass manufacturing operations from New York. Frank remained in Muncie to get the factory up and running, while Edmund closed the glass factory in Buffalo, then moved to Muncie to join Frank. Their brothers, William and George, remained in Buffalo to operate the stamping works and a factory in Bath, New York.

In 1888 the company opened its first glass manufacturing facility in Muncie. On February 18 fires were started in the new factory's furnace; on March 1 its first glass products were made. The first products to be manufactured in the Muncie factory were oil containers and lamp chimneys, not fruit jars. By 1889 the Ball company's headquarters and its glass and metal manufacturing operations had moved to Muncie. The other Ball brothers moved to Indiana in the 1890s. George moved to Muncie in 1893, William arrived in 1897, and Lucius, a company shareholder and a physician, moved to Muncie in 1894.

In the late nineteenth century, the company continued to grow and prosper, but not without experiencing some challenges. Fires at its Muncie factories and warehouses in 1891 and 1898 damaged its facilities, which were eventually rebuilt. Despite the economic panic of 1893, the company was able to produce 22 million fruit jars for the year beginning in September 1894, and 37 million jars by 1897. When natural gas supplies in the area began to diminish, the Ball brothers installed gas converters to use Indiana coal in their factories and continued manufacturing operations. The company's F. C. Ball machine, patented in 1898, introduced mass production into its glass-blowing process and gave it a competitive market advantage. By 1905 the company was producing 60 million canning jars per year and had acquired other glass manufacturers, expanding its operations to include seven factories in addition to its main facilities at Muncie.

In a continuation of the company's difficulties in Muncie, workers organized with Local 200 (Glass Workers) of the Industrial Workers of the World (IWW) at the main facility, and went on strike in March 1910 in advocacy of wage increases. A settlement was quickly reached on March 29, but company management reneged on the agreement and threatened to declare a lockout. The strike continued, but was weakened by the refusal of machinists affiliated with the American Federation of Labor to join the strike. By the end of April, the strike was over.

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Diversification

For over 90 years, Ball continued to be a family-owned business. Renamed the Ball Brothers Company in 1922, it remained well known for manufacturing fruit jars, lids, and related products for home canning. The company also entered into other business ventures. Because the four main components of their core product line of canning jars included glass, zinc, rubber, and paper, the Ball company acquired a zinc strip rolling mill to produce metal lids for their glass jars, manufactured rubber sealing rings for the jars, and acquired a paper mill to fabricate the packaging used in shipping their products. The company also acquired tin, steel, and later, plastic companies.

The Ball company faced additional challenges and opportunities during the Great Depression and World War II. Prior to 1933, Ball was the largest domestic manufacturer of home canning jars. In 1939 it manufactured 54% of all the canning jars made in the US. A drop in demand for the jars during the 1930s led the Ball brothers to begin manufacturing other types of jars and bottles for commercial use, and eventually expanding into other lines of business. During World War II the company's operations were converted to produce shells and machine parts for the military.

After the war, Ball's glass-making business was hindered by an antitrust case in which the company was one of several defendants. The legal case was appealed to the U.S. Supreme Court. The final decision, which was handed down in 1947, restricted Ball's ability to acquire other glass manufacturers and other businesses producing glass-making machinery without prior court approval. In 1949 decreasing demand for canning jars caused the company to suffer its first net operating loss. With legal restrictions on the company's ability to expand its glass-making business and declining demand for its canning jars, Ball company executives decided to diversify the company to achieve growth.

Throughout the 1950s the Ball company explored expanding into the aerospace industry. The Ball Brothers Research Corporation began operating laboratories in Boulder, Colorado, and in Muncie. The company first began manufacturing aerospace equipment around 1959. Its OSO-1 (Orbiting Solar Observatory) satellite, designed and built for the National Aeronautics and Space Administration (NASA) with $1.4 million in grants, launched into space on March 7, 1962, at Cape Canaveral, Florida. Its success led to additional contracts to build more satellites, a total of seven, but not without setbacks. An explosion killed three workers and damaged the company's OSO-2 satellite in 1964.

The company continued to expand into other areas including avionics, aerospace systems, and metal beverage and food containers. Renamed the Ball Corporation in 1969, it acquired Jeffco Manufacturing Company, a maker of recyclable aluminum beverage cans, and became the largest producer of recyclable beverage cans in the world. Although glass production in Muncie ceased in 1962, it continued at other Ball plants until its final glass manufacturing operations were sold in 1996.

Ball Corporation's stock went public on July 13, 1972. It became a publicly traded stock company on the New York Stock Exchange in 1973. The stock began trading at $26 per share (not split adjusted) on the NYSE on December 17, 1973. Ball stock has split two-for-one six times since going public. Ball's trading symbol is BALL.

Ball no longer produces its glass canning jars. In 1996, Ball exited the home-canning business when it established a subsidiary named Alltrista, which consisted of seven smaller Ball subsidiaries that included the Ball jar and other canning-related products. When Alltrista Corporation became a separate company in April 1993, Ball shareholders received one share of Alltrista stock for every four shares of Ball stock. Alltrista was renamed Jarden Corporation in 2001. In 2016, Jarden merged with Newell Rubbermaid to become Newell Brands. Today, Newell Brands has the license to use the Ball registered trademark on its line of home-canning products.

Ball became the largest supplier of cans in the Chinese market when it acquired M.C. Packaging Ltd. in China in 1997. In 1998, the Ball Corporation moved its corporate headquarters from Muncie to Broomfield, Colorado, where it would oversee global operations as a manufacturer of metal food and beverage containers, as well as a manufacturer of equipment and supplier of services to the aerospace industry.

Continuing its growth through acquisition, in 2002, Ball acquired Schmalbach-Lubeca AG, a German-based metal-can beverage company and created Ball Packaging Europe. This move boosted Ball's beverage can sales by more than US$1 billion annually.

Sensing an opportunity to expand its packaging business in other categories, Ball entered the steel aerosol business in 2006 with the acquisition of U.S. Can, an U.S.-based steel aerosol and specialty metal packaging company.

On March 6, 2009, the Ball Aerospace-built Kepler space telescope carrying the largest camera ever sent by NASA beyond Earth's orbit, was successfully launched aboard a Delta II rocket from Cape Canaveral, Florida. Ball acquired four metal beverage can plants from AB InBev later that year.

Just one year later in 2010, Ball owned the title of the largest supplier of aluminum slugs in the world with two acquisitions of Neuman Aluminum and Aerocan S.A.S.

In 2016, Ball acquired British firm Rexam plc to become the world's largest producer of aluminum beverage cans.

In 2020, Ball acquired the naming rights of Pepsi Center in Downtown Denver and renamed it Ball Arena. The naming rights were sold to Ball as a part of a global multi-year agreement with Kroenke Sports & Entertainment (KSE).

In 2024, Ball Corporation left the aerospace business after selling Ball Aerospace to BAE Systems Inc. for $5.6 billion in cash. The move was strategic in allowing Ball to increase its focus on "low-carbon, best-value aluminum packaging initiatives", said CEO Dan Fisher at the time.

In 2025, Ball announced the sale of its Aluminum Cup business and the forming of a joint venture named Oasis Venture Holdings, with Ayna.ai as the majority owner.

From Wikipedia’s article on Ball Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Ball Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (52)

Products and brands

  • Mason jar

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Ball (France)
  • Ball (United Kingdom)
  • Ball Aerospace & Technologies

From Wikidata.1

Acquisitions

  1. Succeeded Rexam1

Timeline

  1. Dec 16, 2025New chief executive Ronald J. Lewis becomes CEO17
  2. 2022Went public Listed on NYSE1
  3. Sep 16, 2003New chief executive R. David Hoover becomes CEO18
  4. 1880Founded Founded1

Recent filings

  1. Oct 14, 20264 PRIMARY DOCUMENT
  2. Sep 21, 20263 PRIMARY DOCUMENT
  3. Sep 21, 20263 PRIMARY DOCUMENT
  4. Sep 9, 20268-K
  5. Aug 26, 20264 PRIMARY DOCUMENT
  6. Aug 25, 2026144
  7. Aug 14, 2026SCHEDULE 13G/A
  8. Aug 13, 20264 PRIMARY DOCUMENT
  9. Aug 12, 2026144
  10. Aug 11, 2026144
  11. Aug 4, 20268-K
  12. Aug 4, 202610-Q
  13. Jun 17, 20264 PRIMARY DOCUMENT
  14. Jun 17, 20264 PRIMARY DOCUMENT
  15. Jun 15, 202611-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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