OINYSEGlass ContainersFiscal year ends December 31
O-I Glass, Inc. /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$5.90+0.07 (+1.20%)
Close on Oct 19, 2026
- Market cap
- $905.64M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
17.3%+1.3 pts over 5 years
Operating margin
–
Net margin
-2.0%−6.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.6% | -2.1% | +1.1% | +0.4% | |
| Gross profit | +6.1% | -2.9% | +2.7% | -0.0% | |
| Free cash flow | – | – | +2.8% | -2.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 98.4% | 65.2% | -10.9% | |
| Return on assets | 2.3% | 2.7% | -1.4% | |
| Current ratio | 1.09 | 1.21 | 1.25 | |
| Debt to equity | 20.98 | 17.31 | 3.86 | |
| Net debt to EBITDA | – | 5.58× | – | |
| Interest coverage | – | 1.3× | – | |
| Inventory turnover | 5.4× | 5.4× | 5.4× | |
| Capex to revenue | 6.8% | 5.1% | 6.7% | |
| Diluted shares | 163M | 159M | 154M |
Where the cash went
Fiscal 2021 to 2025, five years combined
O-I Glass generated $2.75B from operations and spent $2.87B on capital expenditure, dividends and share buybacks. 93% of that went back into the business.
Generated
$2.75B
Used
$2.87B
Capital expenditure$2.67B93%Dividends$00%Share buybacks$200.00M7%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.0%
×Asset turnover0.72×
×Equity multiplier7.54×
=Return on equity, FY2025-10.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.0% | 0.72× | 7.54× | -10.9% |
| FY2024 | -1.6% | 0.71× | 6.82× | -7.9% |
| FY2023 | -1.4% | 0.76× | 6.19× | -6.8% |
| FY2022 | 8.5% | 0.77× | 8.37× | 54.7% |
| FY2021 | 2.3% | 0.72× | 17.42× | 29.3% |
| FY2020 | 4.1% | 0.66× | 24.20× | 65.2% |
| FY2019 | -6.0% | 0.69× | 15.41× | -63.8% |
| FY2018 | 3.7% | 0.71× | 12.21× | 32.2% |
| FY2017 | 2.6% | 0.73× | 17.79× | 33.9% |
| FY2016 | 3.1% | 0.72× | 43.66× | 98.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$129.00M
- Cash generatingOperating cash flow above zero$600.00M
- Return on assets improvedROA up on the prior year-1.1% → -1.5%
- Earnings backed by cashOperating cash flow above net income$600.00M vs -$129.00M
- Less leverageLong-term debt to assets fell52.6% → 52.3%
- Better liquidityCurrent ratio rose1.15 → 1.25
- No dilutionShare count did not rise155M → 154M
- Gross margin improvedGross margin up on the prior year16.00% → 17.26%
- More efficientAsset turnover rose0.68 → 0.74