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OI logoO-I Glass, Inc.(OI)Earnings, Financials & Key Ratios

OI•NYSE
$8.75
$1.34B mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustryPackagingSub-IndustryMetal and Glass Containers
AboutO-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.Show more
  • Revenue$6.43B-1.6%
  • EBITDA$1.12B+11.5%
  • Net Income-$129M-21.7%
  • EPS (Diluted)-0.84-21.7%
  • Gross Margin17.26%+7.9%
  • EBITDA Margin17.46%+13.4%
  • Operating Margin9.85%+23.7%
  • Net Margin-2.01%-23.7%
  • ROE-9.74%-35.4%
  • ROIC8.38%+22.7%
  • Debt/Equity3.46-19.5%
  • Interest Coverage0.86-23.1%
Technical→

OI Key Insights

O-I Glass, Inc. (OI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗High debt to equity ratio of 3.5x
  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Thin 5Y average net margin of 1.2%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

OI Price & Volume

O-I Glass, Inc. (OI) stock price & volume — 10-year historical chart

Loading chart...

OI Growth Metrics

O-I Glass, Inc. (OI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.43%
5 Years1.08%
3 Years-2.14%
TTM-1.61%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM3.63%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM3.17%

Return on Capital

10 Years8.73%
5 Years8.93%
3 Years9.46%
Last Year9.28%

OI Recent Earnings

O-I Glass, Inc. (OI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 28, 2026
EPS
$0.05
Est $0.09
-44.4%
Revenue
$1.5B
Est $1.5B
+4.8%
Q1 2026
Feb 10, 2026
EPS
$0.20
Est $0.19
+5.3%
Revenue
$1.5B
Est $1.5B
-1.2%
Q4 2025
Nov 4, 2025
EPS
$0.48
Est $0.44
+9.1%
Revenue
$1.7B
Est $1.5B
+7.8%
Q3 2025
Jul 29, 2025
EPS
$0.53
Est $0.41
+29.3%
Revenue
$1.7B
Est $1.7B
+2.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$0.05vs $0.09-44.4%
$1.5Bvs $1.5B+4.8%
Q1 2026Feb 10, 2026
$0.20vs $0.19+5.3%
$1.5Bvs $1.5B-1.2%
Q4 2025Nov 4, 2025
$0.48vs $0.44+9.1%
$1.7Bvs $1.5B+7.8%
Q3 2025Jul 29, 2025
$0.53vs $0.41+29.3%
$1.7Bvs $1.7B+2.3%
Based on last 12 quarters of dataView full earnings history →

OI Peer Comparison

O-I Glass, Inc. (OI) competitors in Metal and Glass Containers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AMBP logoAMBPArdagh Metal Packaging S.A.Direct Competitor2.35B3.93-213.5912%0.19%11.28%
SEE logoSEESealed Air CorporationDirect Competitor6.21B42.1512.29-0.61%9.43%48.39%7.39%3.31
SLGN logoSLGNSilgan Holdings Inc.Direct Competitor4.17B39.4514.6110.73%4.31%12.47%10.14%2.03
ATR logoATRAptarGroup, Inc.Direct Competitor7.86B122.0320.755.42%9.98%18.64%3.81%0.56
CCK logoCCKCrown Holdings, Inc.Product Competitor11.07B98.6615.464.78%5.96%21.8%9.92%1.77
SON logoSONSonoco Products CompanyProduct Competitor4.98B50.4812.6841.72%13.83%30.03%7.89%1.34
PKG logoPKGPackaging Corporation of AmericaProduct Competitor19.87B222.7125.967.23%8.6%16.73%3.67%0.95
IP logoIPInternational Paper CompanyProduct Competitor16.86B31.85-4.7533.71%-13.42%-20.44%0.73

Compare OI vs Peers

O-I Glass, Inc. (OI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMBP

Most directly comparable listed peer for OI.

Scale Benchmark

vs LIN

Larger-name benchmark to compare OI against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMBP, SEE, SLGN, ATR

OI Income Statement

O-I Glass, Inc. (OI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue6.87B6.88B6.69B6.09B6.36B6.86B7.11B6.53B6.43B6.4B
Revenue Growth %2.49%0.12%-2.7%-8.97%4.37%7.85%3.63%-8.08%-1.61%-1.61%
Cost of Goods Sold5.74B5.59B5.52B5.12B5.27B5.64B5.61B5.49B5.32B5.37B
COGS % of Revenue83.51%81.34%82.54%84.04%82.84%82.31%78.94%84%82.74%-
Gross Profit
1.13B▲ 0%
1.28B▲ 13.2%
1.17B▼ 9.0%
972M▼ 16.8%
1.09B▲ 12.2%
1.21B▲ 11.2%
1.5B▲ 23.3%
1.04B▼ 30.1%
1.11B▲ 6.1%
1.03B▲ 0%
Gross Margin %16.49%18.66%17.46%15.96%17.16%17.69%21.06%16%17.26%16.05%
Gross Profit Growth %-6.52%13.24%-8.96%-16.78%12.24%11.18%23.33%-30.15%6.12%-
Operating Expenses562M553M505M972M552M628M683M525M476M476M
OpEx % of Revenue8.18%8.04%7.55%15.96%8.68%9.16%9.61%8.04%7.41%-
Selling, General & Admin502M483M437M429M507M516M559M450M434M432M
SG&A % of Revenue7.31%7.02%6.53%7.04%7.98%7.53%7.87%6.89%6.75%-
Research & Development60M70M68M75M82M79M92M80M42M37M
R&D % of Revenue0.87%1.02%1.02%1.23%1.29%1.15%1.29%1.22%0.65%-
Other Operating Expenses000468M-37M33M32M-5M01000K
Operating Income
530M▲ 0%
709M▲ 33.8%
663M▼ 6.5%
0▼ 100.0%
539M▲ 0%
585M▲ 8.5%
813M▲ 39.0%
520M▼ 36.0%
633M▲ 21.7%
551M▲ 0%
Operating Margin %7.72%10.31%9.91%-8.48%8.53%11.44%7.96%9.85%8.61%
Operating Income Growth %-12.4%33.77%-6.49%-100%-8.53%38.97%-36.04%21.73%-
EBITDA970M1.15B1.11B1.09B988M1.04B1.3B1.01B1.12B1.04B
EBITDA Margin %14.12%16.71%16.54%17.83%15.54%15.15%18.24%15.4%17.46%16.27%
EBITDA Growth %-6.01%18.45%-3.66%-1.9%-9.02%5.16%24.74%-22.38%11.53%9.35%
D&A (Non-Cash Add-back)440M440M444M468M449M454M483M486M489M490M
EBIT543M538M50M618M548M1.04B409M373M292M286M
Net Interest Income-268M-261M-311M-265M-216M-239M-342M-335M-341M-342M
Interest Income0000000000
Interest Expense268M261M311M265M216M239M342M335M341M342M
Other Income/Expense-514M-358M-924M353M-207M220M-746M-482M-682M-672M
Pretax Income
275M▲ 0%
277M▲ 0.7%
-261M▼ 194.2%
353M▲ 235.2%
332M▼ 5.9%
805M▲ 142.5%
67M▼ 91.7%
38M▼ 43.3%
-49M▼ 228.9%
-121M▲ 0%
Pretax Margin %4%4.03%-3.9%5.8%5.22%11.74%0.94%0.58%-0.76%-1.89%
Income Tax70M108M118M89M167M178M152M126M54M40M
Effective Tax Rate %25.45%38.99%-45.21%25.21%50.3%22.11%226.87%331.58%-110.2%-33.06%
Net Income
180M▲ 0%
257M▲ 42.8%
-400M▼ 255.6%
249M▲ 162.3%
149M▼ 40.2%
584M▲ 291.9%
-103M▼ 117.6%
-106M▼ 2.9%
-129M▼ 21.7%
-186M▲ 0%
Net Margin %2.62%3.74%-5.98%4.09%2.34%8.52%-1.45%-1.62%-2.01%-2.91%
Net Income Growth %-13.88%42.78%-255.64%162.25%-40.16%291.95%-117.64%-2.91%-21.7%3.63%
Net Income (Continuing)205M169M-379M264M165M627M-85M-88M-103M-161M
Discontinued Operations0113M-3M07M00000
Minority Interest119M114M97M104M107M111M135M126M151M0
EPS (Diluted)
1.10▲ 0%
1.59▲ 44.5%
-2.44▼ 253.5%
1.57▲ 164.3%
0.93▼ 40.8%
3.67▲ 294.6%
-0.67▼ 118.3%
-0.69▼ 3.0%
-0.84▼ 21.7%
-1.22▲ 0%
EPS Growth %-14.06%44.55%-253.46%164.34%-40.76%294.62%-118.26%-2.99%-21.74%3.17%
EPS (Basic)1.111.60-2.441.590.953.76-0.67-0.69-0.84-
Diluted Shares Outstanding164.65M162.09M155.25M158.78M160.31M158.99M154.65M154.62M153.55M152.68M
Basic Shares Outstanding162.74M160.13M155.25M156.81M157.15M155.31M154.65M154.62M153.55M152.68M
Dividend Payout Ratio---3.21%------

OI Balance Sheet

O-I Glass, Inc. (OI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets2.42B2.36B2.49B2.3B2.52B2.6B2.88B2.48B2.6B2.38B
Cash & Short-Term Investments492M512M551M563M725M773M913M734M759M317M
Cash Only492M512M551M563M725M773M913M734M759M317M
Short-Term Investments0000000000
Accounts Receivable663M549M621M623M692M760M671M572M601M805M
Days Sales Outstanding35.2329.1433.8837.3339.7340.4634.4731.9734.1444.85
Inventory1.04B1.02B1.04B841M816M848M1.07B963M1B1B
Days Inventory Outstanding65.9266.4269.0659.9756.5654.8569.6964.0768.7867.55
Other Current Assets000049M222M229M209M239M259M
Total Non-Current Assets7.34B7.34B7.12B6.58B6.31B6.46B6.79B6.18B6.64B6.57B
Property, Plant & Equipment3.13B3.08B3.48B3.04B2.93B3.19B3.77B3.5B3.63B3.42B
Fixed Asset Turnover2.19x2.23x1.92x2.00x2.17x2.15x1.88x1.87x1.77x1.83x
Goodwill2.59B2.51B1.93B1.95B1.84B1.81B1.47B1.32B1.49B1.47B
Intangible Assets439M400M445M384M335M306M296M235M222M181M
Long-Term Investments525M698M694M673M643M695M743M661M735M735M
Other Non-Current Assets457M455M395M354M410M340M391M383M427M4.86B
Total Assets
9.76B▲ 0%
9.7B▼ 0.6%
9.61B▼ 0.9%
8.88B▼ 7.6%
8.83B▼ 0.6%
9.06B▲ 2.6%
9.67B▲ 6.7%
8.65B▼ 10.5%
9.24B▲ 6.8%
8.95B▲ 0%
Asset Turnover0.70x0.71x0.70x0.69x0.72x0.76x0.73x0.75x0.70x0.70x
Asset Growth %6.8%-0.58%-0.92%-7.58%-0.56%2.59%6.71%-10.5%6.81%6.46%
Total Current Liabilities2.28B2.21B2B1.9B1.85B2.36B2.35B2.16B2.09B1.89B
Accounts Payable1.32B1.32B1.28B1.13B1.21B1.35B1.44B1.14B1.2B1.06B
Days Payables Outstanding84.2586.1984.3380.2983.8787.6493.5175.9882.4575.47
Short-Term Debt162M160M124M197M72M345M248M457M162M160M
Deferred Revenue (Current)0000000000
Other Current Liabilities628M569M0013M00-41M131M677M
Current Ratio1.06x1.07x1.25x1.21x1.36x1.10x1.23x1.15x1.25x1.25x
Quick Ratio0.61x0.61x0.72x0.77x0.92x0.74x0.77x0.70x0.77x0.77x
Cash Conversion Cycle16.99.3718.6117.0112.427.6710.6520.0620.4836.93
Total Non-Current Liabilities6.55B6.59B7.05B6.58B6.16B5.18B5.58B5.29B5.71B4.8B
Long-Term Debt5.12B5.18B5.43B4.95B4.75B4.37B4.7B4.39B4.84B4.8B
Capital Lease Obligations0000000332M00
Deferred Tax Liabilities99M96M110M109M102M84M86M74M75M75M
Other Non-Current Liabilities1.33B1.31B1.51B1.53B1.3B721M795M493M797M2.46B
Total Liabilities8.83B8.8B9.05B8.48B8.01B7.53B7.92B7.45B7.8B6.69B
Total Debt5.28B5.34B5.56B5.14B4.83B4.72B4.95B5.18B5B4.96B
Net Debt4.79B4.83B5.01B4.58B4.1B3.94B4.03B4.45B4.24B4.64B
Debt / Equity5.05x5.27x9.86x12.82x5.83x3.09x2.84x4.30x3.46x3.46x
Debt / EBITDA5.45x4.65x5.02x4.73x4.88x4.54x3.82x5.15x4.46x4.76x
Net Debt / EBITDA4.94x4.20x4.52x4.22x4.15x3.79x3.11x4.42x3.78x3.78x
Interest Coverage2.03x2.06x0.16x2.33x2.54x4.37x1.20x1.11x0.86x0.84x
Total Equity
1.05B▲ 0%
1.01B▼ 3.1%
564M▼ 44.4%
401M▼ 28.9%
827M▲ 106.2%
1.53B▲ 84.8%
1.74B▲ 14.1%
1.21B▼ 30.9%
1.45B▲ 19.9%
2.26B▲ 0%
Equity Growth %121.61%-3.06%-44.38%-28.9%106.23%84.76%14.14%-30.91%19.92%83.73%
Book Value per Share6.356.263.632.535.169.6111.287.799.4114.78
Total Shareholders' Equity927M900M467M297M720M1.42B1.61B1.08B1.29B2.26B
Common Stock2M2M2M2M2M2M2M2M2M0
Retained Earnings84M333M-89M152M301M885M782M676M548M0
Treasury Stock-551M-705M-733M-714M-701M-688M-681M-677M-667M0
Accumulated OCI-1.83B-1.97B-1.84B-2.27B-1.97B-1.86B-1.58B-1.98B-1.62B0
Minority Interest119M114M97M104M107M111M135M126M151M0

OI Cash Flow Statement

O-I Glass, Inc. (OI) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations721M791M405M457M687M154M818M489M600M600M
Operating CF Margin %10.5%11.5%6.05%7.5%10.81%2.25%11.51%7.49%9.34%-
Operating CF Growth %-3.99%9.71%-48.8%12.84%50.33%-77.58%431.17%-40.22%22.7%100.46%
Net Income205M169M-379M264M142M627M-103M-88M5M-186M
Depreciation & Amortization501M507M499M468M401M454M483M486M489M490M
Stock-Based Compensation18M27M00033M43M14M25M26M
Deferred Taxes-12M-9M7M-5M5M22M25M7M-65M-59M
Other Non-Cash Items-128M5M454M-89M111M-1.08B558M195M126M-44M
Working Capital Changes-89M15M-176M-181M28M95M-188M-125M20M385M
Change in Receivables-37M43M-48M-132M-146M-83M151M14M57M0
Change in Inventory2M-29M-26M75M-32M-61M035M41M0
Change in Payables69M67M-62M-67M161M146M-102M-95M-45M0
Cash from Investing-351M-698M-437M93M-220M-97M-683M-620M-368M-387M
Capital Expenditures-441M-536M-426M-311M-398M-539M-688M-617M0-104M
CapEx % of Revenue6.42%7.79%6.37%5.11%6.26%7.86%9.68%9.45%6.72%-
Acquisitions-39M-175M-212M404M180M98M1M26M00
Investments----------
Other Investing129M13M201M0-2M344M4M-29M-368M-283M
Cash from Financing-392M-53M68M-557M-273M6M-27M-8M-250M-236M
Debt Issued (Net)-370M140M215M-475M-200M-29M81M76M-147M-143M
Equity Issued (Net)-5M-163M-42M-3M-40M-40M-40M-40M-40M-30M
Dividends Paid00-31M-8M000000
Share Repurchases-5M-163M-42M-3M-40M-40M-40M-40M-40M-30M
Other Financing-17M-30M-74M-71M-33M75M-68M-44M-63M-63M
Net Change in Cash
0▲ 0%
20M▲ 0%
39M▲ 95.0%
12M▼ 69.2%
162M▲ 1250.0%
48M▼ 70.4%
140M▲ 191.7%
-179M▼ 227.9%
25M▲ 114.0%
-107M▲ 0%
Free Cash Flow
280M▲ 0%
255M▼ 8.9%
-21M▼ 108.2%
146M▲ 795.2%
289M▲ 97.9%
-385M▼ 233.2%
130M▲ 133.8%
-128M▼ 198.5%
168M▲ 231.3%
474M▲ 0%
FCF Margin %4.08%3.71%-0.31%2.4%4.55%-5.62%1.83%-1.96%2.61%7.41%
FCF Growth %-5.72%-8.93%-108.24%795.24%97.95%-233.22%133.77%-198.46%231.25%867.35%
FCF per Share1.701.57-0.140.921.80-2.420.84-0.831.091.09
FCF Conversion (FCF/Net Income)4.01x3.08x-1.01x1.84x4.61x0.26x-7.94x-4.61x-4.65x-2.55x
Interest Paid0000000000
Taxes Paid0000000000

OI Key Ratios

O-I Glass, Inc. (OI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)23.72%24.95%-50.7%51.61%24.27%49.6%-6.3%-7.19%-9.74%-11.38%
Return on Invested Capital (ROIC)7.13%9.11%8.71%-8.16%8.44%10.84%6.83%8.38%8.38%
Gross Margin16.49%18.66%17.46%15.96%17.16%17.69%21.06%16%17.26%16.05%
Net Margin2.62%3.74%-5.98%4.09%2.34%8.52%-1.45%-1.62%-2.01%-2.91%
Debt / Equity5.05x5.27x9.86x12.82x5.83x3.09x2.84x4.30x3.46x3.46x
Interest Coverage2.03x2.06x0.16x2.33x2.54x4.37x1.20x1.11x0.86x0.84x
FCF Conversion4.01x3.08x-1.01x1.84x4.61x0.26x-7.94x-4.61x-4.65x-2.55x
Revenue Growth2.49%0.12%-2.7%-8.97%4.37%7.85%3.63%-8.08%-1.61%-1.61%

OI SEC Filings & Documents

O-I Glass, Inc. (OI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Jul 30, 2025·SEC

OI Frequently Asked Questions

O-I Glass, Inc. (OI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

O-I Glass, Inc. (OI) reported $6.40B in revenue for fiscal year 2025. This represents a 66% increase from $3.85B in 1996.

O-I Glass, Inc. (OI) saw revenue decline by 1.6% over the past year.

O-I Glass, Inc. (OI) reported a net loss of $186.0M for fiscal year 2025.

Dividend & Returns

O-I Glass, Inc. (OI) has a return on equity (ROE) of -9.7%. Negative ROE indicates the company is unprofitable.

O-I Glass, Inc. (OI) generated $474.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More OI

O-I Glass, Inc. (OI) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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