Crown Holdings, Inc. (CCK) 10-Year Financial Performance & Capital Metrics

CCK • • Industrial / General

Consumer CyclicalPackagingMetal PackagingBeverage Can Manufacturers

AboutCrown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers other consumer products, glass bottles for beverage products, steel crowns, aluminum caps, steel strap, plastic strap, industrial film, and other related products, as well as equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply industrial solutions consumables. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.Show more

Revenue $11.8B -1.7%
EBITDA $1.87B +5.6%
Net Income $424M -5.8%
EPS (Diluted) 3.55 -5.6%
Gross Margin 21.52% +4.9%
EBITDA Margin 15.82% +7.5%
Operating Margin 12.02% +13.8%
Net Margin 3.59% -4.1%
ROE 13.92% -20.3%
ROIC 11.96% +13.2%
Debt/Equity 1.99 -26.0%
Interest Coverage 3.14 +7.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.0%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.64%

5Y4.3%

3Y1.18%

TTM3.27%

Profit (Net Income) CAGR

10Y0.84%

5Y-3.63%

3Y-

TTM865.31%

EPS CAGR

10Y2.33%

5Y4.34%

3Y-

TTM897.53%

ROCE

10Y Avg12.25%

5Y Avg11.94%

3Y Avg12.88%

Latest13.38%

Peer Comparison

Beverage Can Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCKCrown Holdings, Inc.	12.09B	104.78	29.52	-1.74%	7.79%	27.04%	6.53%	1.99
BALLBall Corporation	14.98B	55.89	4.30	-1.84%	5.37%	12.47%		1.01
AMBPArdagh Metal Packaging S.A.	2.62B	4.39	-97.12	1.99%	0.3%		10.02%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.76B	8.28B	8.7B	11.15B	9.56B	9.39B	11.39B	12.94B	12.01B	11.8B
Revenue Growth %	-0.04%	-0.05%	0.05%	0.28%	-0.14%	-0.02%	0.21%	0.14%	-0.07%	-0.02%
Cost of Goods Sold+	7.12B	6.62B	7.01B	9.03B	7.58B	7.36B	9.03B	10.64B	9.55B	9.26B
COGS % of Revenue	0.81%	0.8%	0.81%	0.81%	0.79%	0.78%	0.79%	0.82%	0.79%	0.78%
Gross Profit+	1.65B	1.66B	1.69B	2.12B	1.98B	2.03B	2.37B	2.3B	2.46B	2.54B
Gross Margin %	0.19%	0.2%	0.19%	0.19%	0.21%	0.22%	0.21%	0.18%	0.21%	0.22%
Gross Profit Growth %	0.05%	0.01%	0.02%	0.25%	-0.07%	0.02%	0.16%	-0.03%	0.07%	0.03%
Operating Expenses+	719M	664M	668M	1.03B	957M	985M	1B	964M	1.2B	1.12B
OpEx % of Revenue	0.08%	0.08%	0.08%	0.09%	0.1%	0.1%	0.09%	0.07%	0.1%	0.09%
Selling, General & Admin	390M	342M	314M	533M	566M	576M	2.1B	540M	625M	630M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.05%	0.06%	0.06%	0.18%	0.04%	0.05%	0.05%
Research & Development	39M	41M	39M	51M	50M	48M	47M	34M	33M	32M
R&D % of Revenue	0%	0%	0%	0%	0.01%	0.01%	0%	0%	0%	0%
Other Operating Expenses	290M	281M	315M	443M	341M	361M	-1.14B	390M	537M	458M
Operating Income+	927M	997M	1.02B	1.1B	1.03B	1.05B	1.36B	1.34B	1.27B	1.42B
Operating Margin %	0.11%	0.12%	0.12%	0.1%	0.11%	0.11%	0.12%	0.1%	0.11%	0.12%
Operating Income Growth %	0.14%	0.08%	0.03%	0.07%	-0.06%	0.02%	0.3%	-0.02%	-0.05%	0.12%
EBITDA+	1.16B	1.24B	1.27B	1.52B	1.52B	1.47B	1.81B	1.8B	1.77B	1.87B
EBITDA Margin %	0.13%	0.15%	0.15%	0.14%	0.16%	0.16%	0.16%	0.14%	0.15%	0.16%
EBITDA Growth %	0.16%	0.07%	0.02%	0.2%	-0%	-0.03%	0.23%	-0.01%	-0.02%	0.06%
D&A (Non-Cash Add-back)	237M	247M	247M	425M	490M	422M	447M	460M	499M	448M
EBIT	1.01B	1.07B	1.13B	1.16B	985M	1.03B	-168M	1.29B	1.32B	1.45B
Net Interest Income+	-259M	-231M	-237M	-363M	-352M	-282M	-244M	-269M	-383M	-370M
Interest Income	11M	12M	15M	21M	15M	8M	9M	15M	53M	82M
Interest Expense	270M	243M	252M	384M	367M	290M	253M	284M	436M	452M
Other Income/Expense	-288M	-228M	-195M	-352M	-391M	-317M	-1.78B	-238M	-460M	-676M
Pretax Income+	639M	769M	829M	744M	636M	731M	-416M	1.1B	809M	743M
Pretax Margin %	0.07%	0.09%	0.1%	0.07%	0.07%	0.08%	-0.04%	0.08%	0.07%	0.06%
Income Tax+	178M	186M	401M	216M	136M	199M	-57M	243M	222M	183M
Effective Tax Rate %	0.62%	0.64%	0.39%	0.59%	0.8%	0.79%	1.35%	0.66%	0.56%	0.57%
Net Income+	393M	496M	323M	439M	510M	579M	-560M	727M	450M	424M
Net Margin %	0.04%	0.06%	0.04%	0.04%	0.05%	0.06%	-0.05%	0.06%	0.04%	0.04%
Net Income Growth %	0.01%	0.26%	-0.35%	0.36%	0.16%	0.14%	-1.97%	2.3%	-0.38%	-0.06%
Net Income (Continuing)	461M	583M	428M	528M	500M	532M	-359M	855M	587M	560M
Discontinued Operations	0	0	0	0	123M	155M	-53M	0	0	0
Minority Interest	291M	302M	322M	349M	379M	406M	418M	438M	454M	472M
EPS (Diluted)+	2.82	3.56	2.38	3.28	2.87	3.15	-3.52	5.99	3.76	3.55
EPS Growth %	0%	0.26%	-0.33%	0.38%	-0.13%	0.1%	-2.12%	2.7%	-0.37%	-0.06%
EPS (Basic)	2.85	3.58	2.39	3.28	2.89	3.18	-3.52	6.02	3.77	3.56
Diluted Shares Outstanding	139.14M	139.31M	135.61M	133.88M	134.88M	134.56M	130.38M	121.38M	119.67M	119.43M
Basic Shares Outstanding	139.36M	139.33M	135.71M	133.84M	133.89M	133.53M	143.96M	121.37M	119.68M	119.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.15%	0.26%	0.28%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.05B	2.84B	3.07B	4.08B	4B	4.9B	4.5B	4.66B	4.83B	4.21B
Cash & Short-Term Investments	717M	559M	426M	652M	657M	1.24B	592M	639M	1.4B	1.02B
Cash Only	717M	559M	426M	652M	657M	1.24B	592M	639M	1.4B	1.02B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	912M	865M	1.07B	1.62B	1.56B	1.54B	1.91B	1.86B	1.73B	1.67B
Days Sales Outstanding	37.99	38.11	44.78	52.96	59.49	59.93	61.25	52.48	52.49	51.5
Inventory	1.21B	1.25B	1.39B	1.69B	1.63B	1.26B	1.74B	2.01B	1.61B	1.44B
Days Inventory Outstanding	62.22	68.61	72.16	68.33	78.35	62.64	70.14	69.07	61.67	56.75
Other Current Assets	207M	172M	196M	119M	161M	861M	256M	145M	93M	90M
Total Non-Current Assets+	7B	6.76B	7.59B	11.18B	11.5B	11.79B	9.36B	9.64B	10.2B	9.64B
Property, Plant & Equipment	2.7B	2.82B	3.24B	3.75B	4.09B	3.82B	4.23B	4.76B	5.27B	5.13B
Fixed Asset Turnover	3.25x	2.94x	2.69x	2.98x	2.34x	2.46x	2.70x	2.72x	2.28x	2.30x
Goodwill	3B	2.79B	3.05B	4.44B	4.43B	3.15B	3.01B	2.95B	3.12B	2.95B
Intangible Assets	577M	472M	472M	2.19B	2.02B	1.75B	1.52B	1.36B	1.26B	1.04B
Long-Term Investments	5M	4M	22M	46M	80M	36M	213M	249M	200M	160M
Other Non-Current Assets	91M	78M	411M	485M	609M	2.79B	241M	210M	221M	217M
Total Assets+	10.05B	9.6B	10.66B	15.26B	15.51B	16.69B	13.86B	14.3B	15.03B	13.85B
Asset Turnover	0.87x	0.86x	0.82x	0.73x	0.62x	0.56x	0.82x	0.91x	0.80x	0.85x
Asset Growth %	0.04%	-0.04%	0.11%	0.43%	0.02%	0.08%	-0.17%	0.03%	0.05%	-0.08%
Total Current Liabilities+	2.91B	2.9B	3.25B	3.91B	3.9B	4.28B	4.13B	3.93B	4.2B	3.46B
Accounts Payable	1.84B	1.95B	2.37B	2.73B	2.65B	2.14B	2.9B	2.77B	2.46B	2.42B
Days Payables Outstanding	94.28	107.52	123.32	110.45	127.5	106.19	117.27	95.1	94.02	95.57
Short-Term Debt	263M	194M	126M	175M	190M	216M	254M	231M	821M	194M
Deferred Revenue (Current)	0	0	0	1000K	1000K	0	0	0	0	0
Other Current Liabilities	577M	555M	572M	746M	786M	1.64B	683M	683M	604M	528M
Current Ratio	1.05x	0.98x	0.95x	1.04x	1.03x	1.15x	1.09x	1.18x	1.15x	1.22x
Quick Ratio	0.63x	0.55x	0.52x	0.61x	0.61x	0.85x	0.67x	0.67x	0.77x	0.80x
Cash Conversion Cycle	5.93	-0.8	-6.39	10.83	10.34	16.38	14.11	26.45	20.14	12.68
Total Non-Current Liabilities+	6.76B	6.04B	6.49B	10.06B	9.51B	9.8B	7.39B	8.08B	7.97B	7.16B
Long-Term Debt	5.25B	4.72B	5.22B	8.52B	7.82B	8.02B	6.05B	6.79B	6.7B	6.06B
Capital Lease Obligations	0	0	0	0	167M	142M	158M	189M	180M	170M
Deferred Tax Liabilities	223M	203M	202M	399M	405M	350M	336M	374M	338M	338M
Other Non-Current Liabilities	1.28B	1.11B	1.07B	1.15B	1.12B	1.29B	849M	727M	752M	589M
Total Liabilities	9.66B	8.93B	9.74B	13.98B	13.41B	14.09B	11.53B	12.01B	12.17B	10.62B
Total Debt+	5.52B	4.91B	5.34B	8.69B	8.18B	8.38B	6.46B	7.21B	7.7B	6.42B
Net Debt	4.8B	4.35B	4.92B	8.04B	7.52B	7.14B	5.87B	6.57B	6.3B	5.41B
Debt / Equity	14.33x	7.35x	5.79x	6.76x	3.91x	3.22x	2.77x	3.15x	2.69x	1.99x
Debt / EBITDA	4.74x	3.95x	4.20x	5.71x	5.39x	5.70x	3.57x	4.02x	4.36x	3.44x
Net Debt / EBITDA	4.12x	3.50x	3.87x	5.29x	4.96x	4.86x	3.24x	3.66x	3.56x	2.90x
Interest Coverage	3.43x	4.10x	4.06x	2.85x	2.80x	3.61x	5.39x	4.70x	2.91x	3.14x
Total Equity+	385M	668M	923M	1.29B	2.09B	2.6B	2.33B	2.29B	2.86B	3.23B
Equity Growth %	-0.01%	0.74%	0.38%	0.39%	0.63%	0.24%	-0.11%	-0.02%	0.25%	0.13%
Book Value per Share	2.77	4.80	6.81	9.61	15.51	19.35	17.87	18.84	23.93	27.03
Total Shareholders' Equity	94M	366M	601M	937M	1.71B	2.2B	1.91B	1.85B	2.41B	2.76B
Common Stock	929M	929M	929M	929M	929M	929M	929M	600M	604M	594M
Retained Earnings	2.13B	2.62B	3B	3.45B	3.96B	4.54B	3.18B	3.14B	3.48B	3.62B
Treasury Stock	-232M	-230M	-258M	-253M	-251M	-255M	-299M	0	0	0
Accumulated OCI	-3.15B	-3.4B	-3.24B	-3.37B	-3.13B	-3.19B	-1.9B	-1.89B	-1.69B	-1.46B
Minority Interest	291M	302M	322M	349M	379M	406M	418M	438M	454M	472M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	956M	930M	-251M	571M	1.16B	1.31B	905M	803M	1.45B	1.19B
Operating CF Margin %	0.11%	0.11%	-0.03%	0.05%	0.12%	0.14%	0.08%	0.06%	0.12%	0.1%
Operating CF Growth %	0.05%	-0.03%	-1.27%	3.27%	1.04%	0.13%	-0.31%	-0.11%	0.81%	-0.18%
Net Income	461M	583M	428M	528M	625M	688M	-411M	855M	450M	560M
Depreciation & Amortization	237M	247M	247M	425M	490M	481M	463M	460M	499M	448M
Stock-Based Compensation	27M	20M	23M	27M	29M	32M	33M	29M	31M	42M
Deferred Taxes	43M	16M	247M	35M	-35M	33M	-248M	28M	-53M	-168M
Other Non-Cash Items	35M	-31M	-230M	69M	77M	66M	1.65B	-4M	286M	231M
Working Capital Changes	153M	95M	-966M	-513M	-23M	15M	-586M	-565M	240M	79M
Change in Receivables	34M	29M	-1.14B	-493M	60M	-186M	-590M	29M	98M	65M
Change in Inventory	60M	-85M	-65M	-201M	61M	-2M	-609M	-299M	463M	102M
Change in Payables	59M	163M	253M	209M	-87M	121M	873M	-149M	0	-90M
Cash from Investing+	-1.55B	-442M	496M	-3.84B	-374M	-535M	1.51B	-642M	-804M	-12M
Capital Expenditures	-354M	-473M	-498M	-462M	-432M	-587M	-816M	-839M	-793M	-403M
CapEx % of Revenue	0.04%	0.06%	0.06%	0.04%	0.05%	0.06%	0.07%	0.06%	0.07%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-27M	1.09B	986M	531M	1M	52M	68M	31M	115M	666M
Cash from Financing+	406M	-616M	-400M	3.53B	-786M	-239M	-2.94B	-25M	116M	-1.53B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-105M	-106M	-115M	-119M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-113M	-52M	-73M	-144M	-129M	-40M	-211M	-140M	-143M	-134M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	602M	457M	-749M	109M	731M	728M	89M	-36M	660M	789M
FCF Margin %	0.07%	0.06%	-0.09%	0.01%	0.08%	0.08%	0.01%	-0%	0.05%	0.07%
FCF Growth %	0.03%	-0.24%	-2.64%	1.15%	5.71%	-0%	-0.88%	-1.4%	19.33%	0.2%
FCF per Share	4.33	3.28	-5.52	0.81	5.42	5.41	0.68	-0.30	5.52	6.61
FCF Conversion (FCF/Net Income)	2.43x	1.88x	-0.78x	1.30x	2.28x	2.27x	-1.62x	1.10x	3.23x	2.81x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	101.81%	94.21%	40.6%	39.75%	30.2%	24.66%	-22.7%	31.49%	17.47%	13.92%
Return on Invested Capital (ROIC)	14.09%	14.65%	14.14%	10.84%	8.14%	8.12%	11.39%	11.75%	10.56%	11.96%
Gross Margin	18.79%	20.05%	19.45%	19.04%	20.76%	21.65%	20.76%	17.77%	20.52%	21.52%
Net Margin	4.49%	5.99%	3.71%	3.94%	5.34%	6.16%	-4.91%	5.62%	3.75%	3.59%
Debt / Equity	14.33x	7.35x	5.79x	6.76x	3.91x	3.22x	2.77x	3.15x	2.69x	1.99x
Interest Coverage	3.43x	4.10x	4.06x	2.85x	2.80x	3.61x	5.39x	4.70x	2.91x	3.14x
FCF Conversion	2.43x	1.88x	-0.78x	1.30x	2.28x	2.27x	-1.62x	1.10x	3.23x	2.81x
Revenue Growth	-3.68%	-5.46%	5%	28.2%	-14.28%	-1.75%	21.32%	13.59%	-7.21%	-1.74%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Metal Beverage Cans And Ends	-	-	-	-	-	-	6.98B	8.1B	7.51B	7.9B
Metal Beverage Cans And Ends Growth	-	-	-	-	-	-	-	15.96%	-7.19%	5.12%
Transit Packaging	-	-	-	1.8B	2.27B	2.02B	2.53B	2.54B	2.26B	2.11B
Transit Packaging Growth	-	-	-	-	26.33%	-11.26%	25.37%	0.59%	-11.36%	-6.60%
Metal Food Cans And Ends	-	-	-	-	-	-	789M	1.1B	1.01B	887M
Metal Food Cans And Ends Growth	-	-	-	-	-	-	-	39.29%	-7.83%	-12.44%
Other Products	-	-	-	-	-	-	580M	598M	701M	461M
Other Products Growth	-	-	-	-	-	-	-	3.10%	17.22%	-34.24%
Other Metal Packaging	-	-	-	-	-	-	513M	605M	526M	447M
Other Metal Packaging Growth	-	-	-	-	-	-	-	17.93%	-13.06%	-15.02%
European Food	1.98B	1.85B	1.94B	1.98B	1.89B	1.98B	-	-	-	-
European Food Growth	-	-6.50%	4.31%	2.43%	-4.79%	4.66%	-	-	-	-
European Beverage	1.5B	1.42B	1.46B	1.49B	1.5B	1.47B	-	-	-	-
European Beverage Growth	-	-5.59%	2.61%	2.20%	0.54%	-1.60%	-	-	-	-
Others	-	484M	522M	1.28B	1.35B	1.38B	-	-	-	-
Others Growth	-	-	7.85%	145.59%	5.15%	2.08%	-	-	-	-
Reportables	-	136M	125M	128M	104M	149M	-	-	-	-
Reportables Growth	-	-	-8.09%	2.40%	-18.75%	43.27%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	2.01B	1.92B	1.93B	3.02B	3.41B	3.59B	4.18B	4.74B	4.48B	4.42B
UNITED STATES Growth	-	-4.72%	0.68%	56.29%	12.89%	5.25%	16.62%	13.34%	-5.44%	-1.41%
Others	-	-	-	-	-	-	-	-	-	3.74B
Others Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	-	-	652M	732M	714M	706M	933M	1.01B	991M	1.06B
BRAZIL Growth	-	-	-	12.27%	-2.46%	-1.12%	32.15%	8.36%	-1.98%	7.06%
MEXICO	693M	688M	699M	763M	834M	681M	896M	1.08B	1.13B	1.05B
MEXICO Growth	-	-0.72%	1.60%	9.16%	9.31%	-18.35%	31.57%	20.54%	4.54%	-6.73%
CANADA	-	-	-	-	-	662M	782M	893M	823M	744M
CANADA Growth	-	-	-	-	-	-	18.13%	14.19%	-7.84%	-9.60%
UNITED KINGDOM	712M	559M	600M	685M	641M	565M	412M	521M	494M	398M
UNITED KINGDOM Growth	-	-21.49%	7.33%	14.17%	-6.42%	-11.86%	-27.08%	26.46%	-5.18%	-19.43%
Vietnam	-	-	-	-	-	-	-	547M	423M	387M
Vietnam Growth	-	-	-	-	-	-	-	-	-22.67%	-8.51%
Other Operating	-	-	-	4.79B	4.88B	4.78B	3.85B	4.15B	3.67B	-
Other Operating Growth	-	-	-	-	1.96%	-2.07%	-19.49%	7.90%	-11.64%	-
SPAIN	669M	645M	649M	666M	682M	597M	-	-	-	-
SPAIN Growth	-	-3.59%	0.62%	2.62%	2.40%	-12.46%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Crown Holdings, Inc. (CCK) has a price-to-earnings (P/E) ratio of 29.5x. This suggests investors expect higher future growth.

Growth & Financials

Crown Holdings, Inc. (CCK) reported $12.14B in revenue for fiscal year 2024. This represents a 40% increase from $8.64B in 2011.

Crown Holdings, Inc. (CCK) saw revenue decline by 1.7% over the past year.

Yes, Crown Holdings, Inc. (CCK) is profitable, generating $946.0M in net income for fiscal year 2024 (3.6% net margin).

Dividend & Returns

Yes, Crown Holdings, Inc. (CCK) pays a dividend with a yield of 0.95%. This makes it attractive for income-focused investors.

Crown Holdings, Inc. (CCK) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

Crown Holdings, Inc. (CCK) generated $1.01B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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