O-I Glass, Inc. (OI) 10-Year Financial Performance & Capital Metrics

OI • • Industrial / General

Consumer CyclicalPackagingMetal PackagingGlass Container Manufacturers

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 $6.53B -8.1%
EBITDA $1.01B -22.4%
Net Income -$106M -2.9%
EPS (Diluted) -0.69 -3.0%
Gross Margin 16% -24.0%
EBITDA Margin 15.4% -15.6%
Operating Margin 7.96% -30.4%
Net Margin -1.62% -12.0%
ROE -7.19% -14.2%
ROIC 6.83% -37.0%
Debt/Equity 4.30 +51.5%
Interest Coverage 1.55 -34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 4.3x
✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.38%

5Y-0.48%

3Y0.9%

TTM-2.82%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM65.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM65.94%

ROCE

10Y Avg8.69%

5Y Avg8.85%

3Y Avg9.22%

Latest7.53%

Peer Comparison

Glass Container Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OIO-I Glass, Inc.	2.43B	15.81	-22.91	-8.08%	-2.25%	-9.86%		4.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.16B	6.7B	6.87B	6.88B	6.69B	6.09B	6.36B	6.86B	7.11B	6.53B
Revenue Growth %	-0.09%	0.09%	0.02%	0%	-0.03%	-0.09%	0.04%	0.08%	0.04%	-0.08%
Cost of Goods Sold+	5.05B	5.49B	5.74B	5.59B	5.52B	5.12B	5.27B	5.64B	5.61B	5.49B
COGS % of Revenue	0.82%	0.82%	0.84%	0.81%	0.83%	0.84%	0.83%	0.82%	0.79%	0.84%
Gross Profit+	1.11B	1.21B	1.13B	1.28B	1.17B	972M	1.09B	1.21B	1.5B	1.04B
Gross Margin %	0.18%	0.18%	0.16%	0.19%	0.17%	0.16%	0.17%	0.18%	0.21%	0.16%
Gross Profit Growth %	-0.11%	0.09%	-0.07%	0.13%	-0.09%	-0.17%	0.12%	0.11%	0.23%	-0.3%
Operating Expenses+	540M	568M	562M	553M	505M	972M	552M	628M	683M	525M
OpEx % of Revenue	0.09%	0.08%	0.08%	0.08%	0.08%	0.16%	0.09%	0.09%	0.1%	0.08%
Selling, General & Admin	476M	503M	502M	483M	437M	429M	507M	516M	559M	450M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.07%	0.07%	0.07%	0.08%	0.08%	0.08%	0.07%
Research & Development	64M	65M	60M	70M	68M	75M	82M	79M	92M	80M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	0	468M	-37M	33M	32M	-5M
Operating Income+	570M	605M	530M	709M	663M	0	539M	585M	813M	520M
Operating Margin %	0.09%	0.09%	0.08%	0.1%	0.1%	-	0.08%	0.09%	0.11%	0.08%
Operating Income Growth %	-0.05%	0.06%	-0.12%	0.34%	-0.06%	-1%	-	0.09%	0.39%	-0.36%
EBITDA+	994M	1.03B	970M	1.15B	1.11B	1.09B	988M	1.04B	1.3B	1.01B
EBITDA Margin %	0.16%	0.15%	0.14%	0.17%	0.17%	0.18%	0.16%	0.15%	0.18%	0.15%
EBITDA Growth %	-0.05%	0.04%	-0.06%	0.18%	-0.04%	-0.02%	-0.09%	0.05%	0.25%	-0.22%
D&A (Non-Cash Add-back)	424M	427M	440M	440M	444M	468M	449M	454M	483M	486M
EBIT	519M	628M	543M	538M	50M	618M	548M	1.04B	409M	373M
Net Interest Income+	-251M	-272M	-268M	-261M	-311M	-265M	-216M	-239M	-342M	-335M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	251M	272M	268M	261M	311M	265M	216M	239M	342M	335M
Other Income/Expense	-281M	-386M	-514M	-358M	-924M	353M	-207M	220M	-746M	-482M
Pretax Income+	59M	356M	275M	277M	-261M	353M	332M	805M	67M	38M
Pretax Margin %	0.01%	0.05%	0.04%	0.04%	-0.04%	0.06%	0.05%	0.12%	0.01%	0.01%
Income Tax+	106M	119M	70M	108M	118M	89M	167M	178M	152M	126M
Effective Tax Rate %	-1.25%	0.59%	0.65%	0.93%	1.53%	0.71%	0.45%	0.73%	-1.54%	-2.79%
Net Income+	-74M	209M	180M	257M	-400M	249M	149M	584M	-103M	-106M
Net Margin %	-0.01%	0.03%	0.03%	0.04%	-0.06%	0.04%	0.02%	0.09%	-0.01%	-0.02%
Net Income Growth %	-1.51%	3.82%	-0.14%	0.43%	-2.56%	1.62%	-0.4%	2.92%	-1.18%	-0.03%
Net Income (Continuing)	162M	237M	205M	169M	-379M	264M	165M	627M	-85M	-88M
Discontinued Operations	0	0	0	113M	-3M	0	7M	0	0	0
Minority Interest	108M	109M	119M	114M	97M	104M	107M	111M	135M	126M
EPS (Diluted)+	-0.46	1.28	1.10	1.59	-2.44	1.57	0.93	3.67	-0.67	-0.69
EPS Growth %	-1.53%	3.78%	-0.14%	0.45%	-2.53%	1.64%	-0.41%	2.95%	-1.18%	-0.03%
EPS (Basic)	-0.46	1.29	1.11	1.60	-2.44	1.59	0.95	3.76	-0.67	-0.69
Diluted Shares Outstanding	161.17M	162.82M	164.65M	162.09M	155.25M	158.78M	160.31M	158.99M	154.65M	154.62M
Basic Shares Outstanding	161.17M	161.86M	162.74M	160.13M	155.25M	156.81M	157.15M	155.31M	154.65M	154.62M
Dividend Payout Ratio	-	-	-	-	-	0.03%	-	-	-	-

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+	2.33B	2.25B	2.42B	2.36B	2.49B	2.3B	2.52B	2.6B	2.88B	2.48B
Cash & Short-Term Investments	399M	492M	492M	512M	551M	563M	725M	773M	913M	734M
Cash Only	399M	492M	492M	512M	551M	563M	725M	773M	913M	734M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	562M	580M	663M	549M	621M	623M	692M	760M	671M	572M
Days Sales Outstanding	33.32	31.59	35.23	29.14	33.88	37.33	39.73	40.46	34.47	31.97
Inventory	1.01B	983M	1.04B	1.02B	1.04B	841M	816M	848M	1.07B	963M
Days Inventory Outstanding	72.84	65.35	65.92	66.42	69.06	59.97	56.56	54.85	69.69	64.07
Other Current Assets	314M	149M	0	0	0	0	49M	222M	229M	209M
Total Non-Current Assets+	7.09B	6.88B	7.34B	7.34B	7.12B	6.58B	6.31B	6.46B	6.79B	6.18B
Property, Plant & Equipment	2.96B	2.88B	3.13B	3.08B	3.48B	3.04B	2.93B	3.19B	3.77B	3.5B
Fixed Asset Turnover	2.08x	2.33x	2.19x	2.23x	1.92x	2.00x	2.17x	2.15x	1.88x	1.87x
Goodwill	2.49B	2.46B	2.59B	2.51B	1.93B	1.95B	1.84B	1.81B	1.47B	1.32B
Intangible Assets	597M	464M	439M	400M	445M	384M	335M	306M	296M	235M
Long-Term Investments	409M	433M	525M	698M	694M	673M	643M	695M	743M	661M
Other Non-Current Assets	454M	457M	457M	455M	395M	354M	410M	340M	391M	383M
Total Assets+	9.42B	9.13B	9.76B	9.7B	9.61B	8.88B	8.83B	9.06B	9.67B	8.65B
Asset Turnover	0.65x	0.73x	0.70x	0.71x	0.70x	0.69x	0.72x	0.76x	0.73x	0.75x
Asset Growth %	0.19%	-0.03%	0.07%	-0.01%	-0.01%	-0.08%	-0.01%	0.03%	0.07%	-0.1%
Total Current Liabilities+	2.12B	2.06B	2.28B	2.21B	2B	1.9B	1.85B	2.36B	2.35B	2.16B
Accounts Payable	1.21B	1.14B	1.32B	1.32B	1.28B	1.13B	1.21B	1.35B	1.44B	1.14B
Days Payables Outstanding	87.67	75.46	84.25	86.19	84.33	80.29	83.87	87.64	93.51	75.98
Short-Term Debt	228M	195M	162M	160M	124M	197M	72M	345M	248M	457M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	171M	556M	628M	569M	0	0	13M	0	0	-41M
Current Ratio	1.10x	1.09x	1.06x	1.07x	1.25x	1.21x	1.36x	1.10x	1.23x	1.15x
Quick Ratio	0.63x	0.62x	0.61x	0.61x	0.72x	0.77x	0.92x	0.74x	0.77x	0.70x
Cash Conversion Cycle	18.49	21.48	16.9	9.37	18.61	17.01	12.42	7.67	10.65	20.06
Total Non-Current Liabilities+	6.72B	6.71B	6.55B	6.59B	7.05B	6.58B	6.16B	5.18B	5.58B	5.29B
Long-Term Debt	5.34B	5.13B	5.12B	5.18B	5.43B	4.95B	4.75B	4.37B	4.7B	4.39B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	332M
Deferred Tax Liabilities	124M	100M	99M	96M	110M	109M	102M	84M	86M	74M
Other Non-Current Liabilities	1.55B	1.48B	1.33B	1.31B	1.51B	1.53B	1.3B	721M	795M	493M
Total Liabilities	8.85B	8.77B	8.83B	8.8B	9.05B	8.48B	8.01B	7.53B	7.92B	7.45B
Total Debt+	5.57B	5.33B	5.28B	5.34B	5.56B	5.14B	4.83B	4.72B	4.95B	5.18B
Net Debt	5.17B	4.84B	4.79B	4.83B	5.01B	4.58B	4.1B	3.94B	4.03B	4.45B
Debt / Equity	8.17x	11.29x	5.05x	5.27x	9.86x	12.82x	5.83x	3.09x	2.84x	4.30x
Debt / EBITDA	5.61x	5.16x	5.45x	4.65x	5.02x	4.73x	4.88x	4.54x	3.82x	5.15x
Net Debt / EBITDA	5.21x	4.69x	4.94x	4.20x	4.52x	4.22x	4.15x	3.79x	3.11x	4.42x
Interest Coverage	2.27x	2.22x	1.98x	2.72x	2.13x	-	2.50x	2.45x	2.38x	1.55x
Total Equity+	682M	472M	1.05B	1.01B	564M	401M	827M	1.53B	1.74B	1.21B
Equity Growth %	-0.48%	-0.31%	1.22%	-0.03%	-0.44%	-0.29%	1.06%	0.85%	0.14%	-0.31%
Book Value per Share	4.23	2.90	6.35	6.26	3.63	2.53	5.16	9.61	11.28	7.79
Total Shareholders' Equity	574M	363M	927M	900M	467M	297M	720M	1.42B	1.61B	1.08B
Common Stock	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M
Retained Earnings	-10M	-96M	84M	333M	-89M	152M	301M	885M	782M	676M
Treasury Stock	-573M	-560M	-551M	-705M	-733M	-714M	-701M	-688M	-681M	-677M
Accumulated OCI	-2.02B	-2.17B	-1.83B	-1.97B	-1.84B	-2.27B	-1.97B	-1.86B	-1.58B	-1.98B
Minority Interest	108M	109M	119M	114M	97M	104M	107M	111M	135M	126M

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+	608M	751M	721M	791M	405M	457M	687M	154M	818M	489M
Operating CF Margin %	0.1%	0.11%	0.1%	0.12%	0.06%	0.08%	0.11%	0.02%	0.12%	0.07%
Operating CF Growth %	-0.1%	0.24%	-0.04%	0.1%	-0.49%	0.13%	0.5%	-0.78%	4.31%	-0.4%
Net Income	-47M	237M	205M	169M	-379M	264M	142M	627M	-103M	-88M
Depreciation & Amortization	424M	491M	501M	507M	499M	468M	401M	454M	483M	486M
Stock-Based Compensation	15M	11M	18M	27M	0	0	0	33M	43M	14M
Deferred Taxes	12M	-4M	-12M	-9M	7M	-5M	5M	22M	25M	7M
Other Non-Cash Items	116M	-139M	-128M	5M	454M	-89M	111M	-1.08B	558M	195M
Working Capital Changes	88M	90M	-89M	15M	-176M	-181M	28M	95M	-188M	-125M
Change in Receivables	-14M	-32M	-37M	43M	-48M	-132M	-146M	-83M	151M	14M
Change in Inventory	-13M	16M	2M	-29M	-26M	75M	-32M	-61M	0	35M
Change in Payables	100M	-58M	69M	67M	-62M	-67M	161M	146M	-102M	-95M
Cash from Investing+	-2.75B	-417M	-351M	-698M	-437M	93M	-220M	-97M	-683M	-620M
Capital Expenditures	-402M	-454M	-441M	-536M	-426M	-311M	-398M	-539M	-688M	-617M
CapEx % of Revenue	0.07%	0.07%	0.06%	0.08%	0.06%	0.05%	0.06%	0.08%	0.1%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5M	93M	129M	13M	201M	0	-2M	344M	4M	-29M
Cash from Financing+	2.06B	-228M	-392M	-53M	68M	-557M	-273M	6M	-27M	-8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-31M	-8M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-112M	-15M	-17M	-30M	-74M	-71M	-33M	75M	-68M	-44M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	206M	297M	280M	255M	-21M	146M	289M	-385M	130M	-128M
FCF Margin %	0.03%	0.04%	0.04%	0.04%	-0%	0.02%	0.05%	-0.06%	0.02%	-0.02%
FCF Growth %	-0.33%	0.44%	-0.06%	-0.09%	-1.08%	7.95%	0.98%	-2.33%	1.34%	-1.98%
FCF per Share	1.28	1.82	1.70	1.57	-0.14	0.92	1.80	-2.42	0.84	-0.83
FCF Conversion (FCF/Net Income)	-8.22x	3.59x	4.01x	3.08x	-1.01x	1.84x	4.61x	0.26x	-7.94x	-4.61x
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)	-7.41%	36.22%	23.72%	24.95%	-50.7%	51.61%	24.27%	49.6%	-6.3%	-7.19%
Return on Invested Capital (ROIC)	8.45%	8.13%	7.13%	9.11%	8.71%	-	8.16%	8.44%	10.84%	6.83%
Gross Margin	18.03%	18.08%	16.49%	18.66%	17.46%	15.96%	17.16%	17.69%	21.06%	16%
Net Margin	-1.2%	3.12%	2.62%	3.74%	-5.98%	4.09%	2.34%	8.52%	-1.45%	-1.62%
Debt / Equity	8.17x	11.29x	5.05x	5.27x	9.86x	12.82x	5.83x	3.09x	2.84x	4.30x
Interest Coverage	2.27x	2.22x	1.98x	2.72x	2.13x	-	2.50x	2.45x	2.38x	1.55x
FCF Conversion	-8.22x	3.59x	4.01x	3.08x	-1.01x	1.84x	4.61x	0.26x	-7.94x	-4.61x
Revenue Growth	-9.26%	8.87%	2.49%	0.12%	-2.7%	-8.97%	4.37%	7.85%	3.63%	-8.08%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Alcoholic Beverages	-	-	-	-	-	-	2.17B	2.37B	4.59B	4.04B
Alcoholic Beverages Growth	-	-	-	-	-	-	-	9.33%	93.83%	-11.92%
Food And Other	-	-	-	-	-	-	830M	832M	1.37B	1.35B
Food And Other Growth	-	-	-	-	-	-	-	0.24%	65.02%	-1.53%
Nonalcoholic Beverage	-	-	-	-	-	-	562M	636M	1.02B	1.01B
Nonalcoholic Beverage Growth	-	-	-	-	-	-	-	13.17%	60.53%	-0.98%
Others	-	-	-	-	-	-	113M	143M	-	-
Others Growth	-	-	-	-	-	-	-	26.55%	-	-
Reportable	6.1B	6.64B	6.8B	6.8B	6.64B	5.97B	-	-	-	-
Reportable Growth	-	8.82%	2.47%	0.03%	-2.34%	-10.18%	-	-	-	-
All Others	58M	66M	69M	75M	48M	124M	-	-	-	-
All Others Growth	-	13.79%	4.55%	8.70%	-36.00%	158.33%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	-	-	-	-	-	-	3.56B	-	-	3.58B
Americas Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	-	-	-	2.69B	-	-	2.82B
Europe Growth	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	-	-	-	-	5.28B	-
Non-US Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	1.83B	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
Americas	-	-	-	-	-	-	-	3.83B	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	-	-	-	-	2.88B	-	-
Europe Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	143M	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
Non Us	4.22B	4.58B	4.8B	4.86B	4.78B	4.3B	-	-	-	-
Non Us Growth	-	8.56%	4.78%	1.25%	-1.65%	-9.99%	-	-	-	-
U	1.94B	2.12B	2.07B	2.02B	1.91B	1.79B	-	-	-	-
U Growth	-	9.54%	-2.45%	-2.51%	-5.25%	-6.43%	-	-	-	-

Frequently Asked Questions

Growth & Financials

O-I Glass, Inc. (OI) reported $6.46B in revenue for fiscal year 2024. This represents a 12% decrease from $7.36B in 2011.

O-I Glass, Inc. (OI) saw revenue decline by 8.1% over the past year.

O-I Glass, Inc. (OI) reported a net loss of $145.0M for fiscal year 2024.

Dividend & Returns

O-I Glass, Inc. (OI) has a return on equity (ROE) of -7.2%. Negative ROE indicates the company is unprofitable.

O-I Glass, Inc. (OI) generated $169.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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O-I Glass, Inc. (OI) 10-Year Financial Performance & Capital Metrics

OI • • Industrial / General

Consumer CyclicalPackagingMetal PackagingGlass Container Manufacturers

Revenue $6.53B -8.1%
EBITDA $1.01B -22.4%
Net Income -$106M -2.9%
EPS (Diluted) -0.69 -3.0%
Gross Margin 16% -24.0%
EBITDA Margin 15.4% -15.6%
Operating Margin 7.96% -30.4%
Net Margin -1.62% -12.0%
ROE -7.19% -14.2%
ROIC 6.83% -37.0%
Debt/Equity 4.30 +51.5%
Interest Coverage 1.55 -34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 4.3x
✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.38%

5Y-0.48%

3Y0.9%

TTM-2.82%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM65.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM65.94%

ROCE

10Y Avg8.69%

5Y Avg8.85%

3Y Avg9.22%

Latest7.53%

Peer Comparison

Glass Container Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OIO-I Glass, Inc.	2.43B	15.81	-22.91	-8.08%	-2.25%	-9.86%		4.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.16B	6.7B	6.87B	6.88B	6.69B	6.09B	6.36B	6.86B	7.11B	6.53B
Revenue Growth %	-0.09%	0.09%	0.02%	0%	-0.03%	-0.09%	0.04%	0.08%	0.04%	-0.08%
Cost of Goods Sold+	5.05B	5.49B	5.74B	5.59B	5.52B	5.12B	5.27B	5.64B	5.61B	5.49B
COGS % of Revenue	0.82%	0.82%	0.84%	0.81%	0.83%	0.84%	0.83%	0.82%	0.79%	0.84%
Gross Profit+	1.11B	1.21B	1.13B	1.28B	1.17B	972M	1.09B	1.21B	1.5B	1.04B
Gross Margin %	0.18%	0.18%	0.16%	0.19%	0.17%	0.16%	0.17%	0.18%	0.21%	0.16%
Gross Profit Growth %	-0.11%	0.09%	-0.07%	0.13%	-0.09%	-0.17%	0.12%	0.11%	0.23%	-0.3%
Operating Expenses+	540M	568M	562M	553M	505M	972M	552M	628M	683M	525M
OpEx % of Revenue	0.09%	0.08%	0.08%	0.08%	0.08%	0.16%	0.09%	0.09%	0.1%	0.08%
Selling, General & Admin	476M	503M	502M	483M	437M	429M	507M	516M	559M	450M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.07%	0.07%	0.07%	0.08%	0.08%	0.08%	0.07%
Research & Development	64M	65M	60M	70M	68M	75M	82M	79M	92M	80M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	0	468M	-37M	33M	32M	-5M
Operating Income+	570M	605M	530M	709M	663M	0	539M	585M	813M	520M
Operating Margin %	0.09%	0.09%	0.08%	0.1%	0.1%	-	0.08%	0.09%	0.11%	0.08%
Operating Income Growth %	-0.05%	0.06%	-0.12%	0.34%	-0.06%	-1%	-	0.09%	0.39%	-0.36%
EBITDA+	994M	1.03B	970M	1.15B	1.11B	1.09B	988M	1.04B	1.3B	1.01B
EBITDA Margin %	0.16%	0.15%	0.14%	0.17%	0.17%	0.18%	0.16%	0.15%	0.18%	0.15%
EBITDA Growth %	-0.05%	0.04%	-0.06%	0.18%	-0.04%	-0.02%	-0.09%	0.05%	0.25%	-0.22%
D&A (Non-Cash Add-back)	424M	427M	440M	440M	444M	468M	449M	454M	483M	486M
EBIT	519M	628M	543M	538M	50M	618M	548M	1.04B	409M	373M
Net Interest Income+	-251M	-272M	-268M	-261M	-311M	-265M	-216M	-239M	-342M	-335M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	251M	272M	268M	261M	311M	265M	216M	239M	342M	335M
Other Income/Expense	-281M	-386M	-514M	-358M	-924M	353M	-207M	220M	-746M	-482M
Pretax Income+	59M	356M	275M	277M	-261M	353M	332M	805M	67M	38M
Pretax Margin %	0.01%	0.05%	0.04%	0.04%	-0.04%	0.06%	0.05%	0.12%	0.01%	0.01%
Income Tax+	106M	119M	70M	108M	118M	89M	167M	178M	152M	126M
Effective Tax Rate %	-1.25%	0.59%	0.65%	0.93%	1.53%	0.71%	0.45%	0.73%	-1.54%	-2.79%
Net Income+	-74M	209M	180M	257M	-400M	249M	149M	584M	-103M	-106M
Net Margin %	-0.01%	0.03%	0.03%	0.04%	-0.06%	0.04%	0.02%	0.09%	-0.01%	-0.02%
Net Income Growth %	-1.51%	3.82%	-0.14%	0.43%	-2.56%	1.62%	-0.4%	2.92%	-1.18%	-0.03%
Net Income (Continuing)	162M	237M	205M	169M	-379M	264M	165M	627M	-85M	-88M
Discontinued Operations	0	0	0	113M	-3M	0	7M	0	0	0
Minority Interest	108M	109M	119M	114M	97M	104M	107M	111M	135M	126M
EPS (Diluted)+	-0.46	1.28	1.10	1.59	-2.44	1.57	0.93	3.67	-0.67	-0.69
EPS Growth %	-1.53%	3.78%	-0.14%	0.45%	-2.53%	1.64%	-0.41%	2.95%	-1.18%	-0.03%
EPS (Basic)	-0.46	1.29	1.11	1.60	-2.44	1.59	0.95	3.76	-0.67	-0.69
Diluted Shares Outstanding	161.17M	162.82M	164.65M	162.09M	155.25M	158.78M	160.31M	158.99M	154.65M	154.62M
Basic Shares Outstanding	161.17M	161.86M	162.74M	160.13M	155.25M	156.81M	157.15M	155.31M	154.65M	154.62M
Dividend Payout Ratio	-	-	-	-	-	0.03%	-	-	-	-

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+	2.33B	2.25B	2.42B	2.36B	2.49B	2.3B	2.52B	2.6B	2.88B	2.48B
Cash & Short-Term Investments	399M	492M	492M	512M	551M	563M	725M	773M	913M	734M
Cash Only	399M	492M	492M	512M	551M	563M	725M	773M	913M	734M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	562M	580M	663M	549M	621M	623M	692M	760M	671M	572M
Days Sales Outstanding	33.32	31.59	35.23	29.14	33.88	37.33	39.73	40.46	34.47	31.97
Inventory	1.01B	983M	1.04B	1.02B	1.04B	841M	816M	848M	1.07B	963M
Days Inventory Outstanding	72.84	65.35	65.92	66.42	69.06	59.97	56.56	54.85	69.69	64.07
Other Current Assets	314M	149M	0	0	0	0	49M	222M	229M	209M
Total Non-Current Assets+	7.09B	6.88B	7.34B	7.34B	7.12B	6.58B	6.31B	6.46B	6.79B	6.18B
Property, Plant & Equipment	2.96B	2.88B	3.13B	3.08B	3.48B	3.04B	2.93B	3.19B	3.77B	3.5B
Fixed Asset Turnover	2.08x	2.33x	2.19x	2.23x	1.92x	2.00x	2.17x	2.15x	1.88x	1.87x
Goodwill	2.49B	2.46B	2.59B	2.51B	1.93B	1.95B	1.84B	1.81B	1.47B	1.32B
Intangible Assets	597M	464M	439M	400M	445M	384M	335M	306M	296M	235M
Long-Term Investments	409M	433M	525M	698M	694M	673M	643M	695M	743M	661M
Other Non-Current Assets	454M	457M	457M	455M	395M	354M	410M	340M	391M	383M
Total Assets+	9.42B	9.13B	9.76B	9.7B	9.61B	8.88B	8.83B	9.06B	9.67B	8.65B
Asset Turnover	0.65x	0.73x	0.70x	0.71x	0.70x	0.69x	0.72x	0.76x	0.73x	0.75x
Asset Growth %	0.19%	-0.03%	0.07%	-0.01%	-0.01%	-0.08%	-0.01%	0.03%	0.07%	-0.1%
Total Current Liabilities+	2.12B	2.06B	2.28B	2.21B	2B	1.9B	1.85B	2.36B	2.35B	2.16B
Accounts Payable	1.21B	1.14B	1.32B	1.32B	1.28B	1.13B	1.21B	1.35B	1.44B	1.14B
Days Payables Outstanding	87.67	75.46	84.25	86.19	84.33	80.29	83.87	87.64	93.51	75.98
Short-Term Debt	228M	195M	162M	160M	124M	197M	72M	345M	248M	457M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	171M	556M	628M	569M	0	0	13M	0	0	-41M
Current Ratio	1.10x	1.09x	1.06x	1.07x	1.25x	1.21x	1.36x	1.10x	1.23x	1.15x
Quick Ratio	0.63x	0.62x	0.61x	0.61x	0.72x	0.77x	0.92x	0.74x	0.77x	0.70x
Cash Conversion Cycle	18.49	21.48	16.9	9.37	18.61	17.01	12.42	7.67	10.65	20.06
Total Non-Current Liabilities+	6.72B	6.71B	6.55B	6.59B	7.05B	6.58B	6.16B	5.18B	5.58B	5.29B
Long-Term Debt	5.34B	5.13B	5.12B	5.18B	5.43B	4.95B	4.75B	4.37B	4.7B	4.39B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	332M
Deferred Tax Liabilities	124M	100M	99M	96M	110M	109M	102M	84M	86M	74M
Other Non-Current Liabilities	1.55B	1.48B	1.33B	1.31B	1.51B	1.53B	1.3B	721M	795M	493M
Total Liabilities	8.85B	8.77B	8.83B	8.8B	9.05B	8.48B	8.01B	7.53B	7.92B	7.45B
Total Debt+	5.57B	5.33B	5.28B	5.34B	5.56B	5.14B	4.83B	4.72B	4.95B	5.18B
Net Debt	5.17B	4.84B	4.79B	4.83B	5.01B	4.58B	4.1B	3.94B	4.03B	4.45B
Debt / Equity	8.17x	11.29x	5.05x	5.27x	9.86x	12.82x	5.83x	3.09x	2.84x	4.30x
Debt / EBITDA	5.61x	5.16x	5.45x	4.65x	5.02x	4.73x	4.88x	4.54x	3.82x	5.15x
Net Debt / EBITDA	5.21x	4.69x	4.94x	4.20x	4.52x	4.22x	4.15x	3.79x	3.11x	4.42x
Interest Coverage	2.27x	2.22x	1.98x	2.72x	2.13x	-	2.50x	2.45x	2.38x	1.55x
Total Equity+	682M	472M	1.05B	1.01B	564M	401M	827M	1.53B	1.74B	1.21B
Equity Growth %	-0.48%	-0.31%	1.22%	-0.03%	-0.44%	-0.29%	1.06%	0.85%	0.14%	-0.31%
Book Value per Share	4.23	2.90	6.35	6.26	3.63	2.53	5.16	9.61	11.28	7.79
Total Shareholders' Equity	574M	363M	927M	900M	467M	297M	720M	1.42B	1.61B	1.08B
Common Stock	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M
Retained Earnings	-10M	-96M	84M	333M	-89M	152M	301M	885M	782M	676M
Treasury Stock	-573M	-560M	-551M	-705M	-733M	-714M	-701M	-688M	-681M	-677M
Accumulated OCI	-2.02B	-2.17B	-1.83B	-1.97B	-1.84B	-2.27B	-1.97B	-1.86B	-1.58B	-1.98B
Minority Interest	108M	109M	119M	114M	97M	104M	107M	111M	135M	126M

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+	608M	751M	721M	791M	405M	457M	687M	154M	818M	489M
Operating CF Margin %	0.1%	0.11%	0.1%	0.12%	0.06%	0.08%	0.11%	0.02%	0.12%	0.07%
Operating CF Growth %	-0.1%	0.24%	-0.04%	0.1%	-0.49%	0.13%	0.5%	-0.78%	4.31%	-0.4%
Net Income	-47M	237M	205M	169M	-379M	264M	142M	627M	-103M	-88M
Depreciation & Amortization	424M	491M	501M	507M	499M	468M	401M	454M	483M	486M
Stock-Based Compensation	15M	11M	18M	27M	0	0	0	33M	43M	14M
Deferred Taxes	12M	-4M	-12M	-9M	7M	-5M	5M	22M	25M	7M
Other Non-Cash Items	116M	-139M	-128M	5M	454M	-89M	111M	-1.08B	558M	195M
Working Capital Changes	88M	90M	-89M	15M	-176M	-181M	28M	95M	-188M	-125M
Change in Receivables	-14M	-32M	-37M	43M	-48M	-132M	-146M	-83M	151M	14M
Change in Inventory	-13M	16M	2M	-29M	-26M	75M	-32M	-61M	0	35M
Change in Payables	100M	-58M	69M	67M	-62M	-67M	161M	146M	-102M	-95M
Cash from Investing+	-2.75B	-417M	-351M	-698M	-437M	93M	-220M	-97M	-683M	-620M
Capital Expenditures	-402M	-454M	-441M	-536M	-426M	-311M	-398M	-539M	-688M	-617M
CapEx % of Revenue	0.07%	0.07%	0.06%	0.08%	0.06%	0.05%	0.06%	0.08%	0.1%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5M	93M	129M	13M	201M	0	-2M	344M	4M	-29M
Cash from Financing+	2.06B	-228M	-392M	-53M	68M	-557M	-273M	6M	-27M	-8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-31M	-8M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-112M	-15M	-17M	-30M	-74M	-71M	-33M	75M	-68M	-44M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	206M	297M	280M	255M	-21M	146M	289M	-385M	130M	-128M
FCF Margin %	0.03%	0.04%	0.04%	0.04%	-0%	0.02%	0.05%	-0.06%	0.02%	-0.02%
FCF Growth %	-0.33%	0.44%	-0.06%	-0.09%	-1.08%	7.95%	0.98%	-2.33%	1.34%	-1.98%
FCF per Share	1.28	1.82	1.70	1.57	-0.14	0.92	1.80	-2.42	0.84	-0.83
FCF Conversion (FCF/Net Income)	-8.22x	3.59x	4.01x	3.08x	-1.01x	1.84x	4.61x	0.26x	-7.94x	-4.61x
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)	-7.41%	36.22%	23.72%	24.95%	-50.7%	51.61%	24.27%	49.6%	-6.3%	-7.19%
Return on Invested Capital (ROIC)	8.45%	8.13%	7.13%	9.11%	8.71%	-	8.16%	8.44%	10.84%	6.83%
Gross Margin	18.03%	18.08%	16.49%	18.66%	17.46%	15.96%	17.16%	17.69%	21.06%	16%
Net Margin	-1.2%	3.12%	2.62%	3.74%	-5.98%	4.09%	2.34%	8.52%	-1.45%	-1.62%
Debt / Equity	8.17x	11.29x	5.05x	5.27x	9.86x	12.82x	5.83x	3.09x	2.84x	4.30x
Interest Coverage	2.27x	2.22x	1.98x	2.72x	2.13x	-	2.50x	2.45x	2.38x	1.55x
FCF Conversion	-8.22x	3.59x	4.01x	3.08x	-1.01x	1.84x	4.61x	0.26x	-7.94x	-4.61x
Revenue Growth	-9.26%	8.87%	2.49%	0.12%	-2.7%	-8.97%	4.37%	7.85%	3.63%	-8.08%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Alcoholic Beverages	-	-	-	-	-	-	2.17B	2.37B	4.59B	4.04B
Alcoholic Beverages Growth	-	-	-	-	-	-	-	9.33%	93.83%	-11.92%
Food And Other	-	-	-	-	-	-	830M	832M	1.37B	1.35B
Food And Other Growth	-	-	-	-	-	-	-	0.24%	65.02%	-1.53%
Nonalcoholic Beverage	-	-	-	-	-	-	562M	636M	1.02B	1.01B
Nonalcoholic Beverage Growth	-	-	-	-	-	-	-	13.17%	60.53%	-0.98%
Others	-	-	-	-	-	-	113M	143M	-	-
Others Growth	-	-	-	-	-	-	-	26.55%	-	-
Reportable	6.1B	6.64B	6.8B	6.8B	6.64B	5.97B	-	-	-	-
Reportable Growth	-	8.82%	2.47%	0.03%	-2.34%	-10.18%	-	-	-	-
All Others	58M	66M	69M	75M	48M	124M	-	-	-	-
All Others Growth	-	13.79%	4.55%	8.70%	-36.00%	158.33%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	-	-	-	-	-	-	3.56B	-	-	3.58B
Americas Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	-	-	-	2.69B	-	-	2.82B
Europe Growth	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	-	-	-	-	5.28B	-
Non-US Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	1.83B	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
Americas	-	-	-	-	-	-	-	3.83B	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	-	-	-	-	2.88B	-	-
Europe Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	143M	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
Non Us	4.22B	4.58B	4.8B	4.86B	4.78B	4.3B	-	-	-	-
Non Us Growth	-	8.56%	4.78%	1.25%	-1.65%	-9.99%	-	-	-	-
U	1.94B	2.12B	2.07B	2.02B	1.91B	1.79B	-	-	-	-
U Growth	-	9.54%	-2.45%	-2.51%	-5.25%	-6.43%	-	-	-	-

Frequently Asked Questions

Growth & Financials

O-I Glass, Inc. (OI) reported $6.46B in revenue for fiscal year 2024. This represents a 12% decrease from $7.36B in 2011.

O-I Glass, Inc. (OI) saw revenue decline by 8.1% over the past year.

O-I Glass, Inc. (OI) reported a net loss of $145.0M for fiscal year 2024.

Dividend & Returns

O-I Glass, Inc. (OI) has a return on equity (ROE) of -7.2%. Negative ROE indicates the company is unprofitable.

O-I Glass, Inc. (OI) generated $169.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.