Latest Ratios: P/E Ratio 17.2x · EV/EBITDA 8.4x · ROE 21.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.3B | $11.9B | $9.9B | $11.0B | $10.0B | $14.4B | $13.5B | $9.8B | $5.6B | $7.6B | $7.3B |
| Enterprise Value | $17.6B | $17.2B | $15.3B | $17.3B | $16.6B | $20.3B | $20.6B | $17.3B | $13.6B | $12.5B | $11.7B |
| P/E Ratio → | 17.20 | 16.14 | 23.29 | 24.49 | 13.72 | — | 31.81 | 25.28 | 12.67 | 23.63 | 14.77 |
| P/S Ratio | 0.99 | 0.96 | 0.84 | 0.92 | 0.77 | 1.27 | 1.44 | 1.02 | 0.50 | 0.88 | 0.88 |
| P/B Ratio | 3.65 | 3.42 | 3.06 | 3.85 | 4.36 | 6.19 | 5.18 | 4.68 | 4.33 | 8.26 | 10.96 |
| P/FCF | 11.17 | 10.85 | 12.52 | 16.70 | — | 162.05 | 18.52 | 13.38 | 51.06 | — | 16.03 |
| P/OCF | 8.12 | 7.89 | 8.28 | 7.58 | 12.43 | 15.94 | 10.25 | 8.41 | 9.75 | — | 7.87 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.39 | 1.29 | 1.44 | 1.28 | 1.78 | 2.20 | 1.81 | 1.22 | 1.44 | 1.41 |
| EV / EBITDA | 8.39 | 8.23 | 8.19 | 9.80 | 9.22 | 11.21 | 14.03 | 11.41 | 8.95 | 9.87 | 9.39 |
| EV / EBIT | 10.73 | 11.02 | 10.54 | 13.11 | 12.87 | — | 20.10 | 17.57 | 11.72 | 11.09 | 10.90 |
| EV / FCF | — | 15.68 | 19.37 | 26.24 | — | 228.03 | 28.33 | 23.67 | 124.82 | — | 25.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.3% | 18.3% | 21.5% | 20.5% | 17.8% | 20.8% | 21.6% | 20.8% | 19.0% | 19.5% | 20.1% |
| Operating Margin | 13.2% | 13.2% | 12.0% | 10.6% | 10.3% | 12.0% | 11.2% | 10.7% | 9.8% | 11.8% | 12.0% |
| Net Profit Margin | 5.9% | 5.9% | 3.6% | 3.7% | 5.6% | -4.9% | 6.2% | 5.3% | 3.9% | 3.7% | 6.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.9% | 21.9% | 13.9% | 17.5% | 31.5% | -22.7% | 24.7% | 30.2% | 39.7% | 40.6% | 94.2% |
| ROA | 5.2% | 5.2% | 2.9% | 3.1% | 5.2% | -3.7% | 3.6% | 3.3% | 3.4% | 3.2% | 5.0% |
| ROIC | 14.1% | 14.1% | 12.0% | 10.6% | 11.7% | 11.4% | 8.1% | 8.1% | 10.8% | 14.1% | 14.7% |
| ROCE | 16.0% | 16.0% | 13.4% | 12.0% | 13.3% | 12.3% | 8.7% | 8.9% | 11.7% | 14.5% | 14.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.77 | 1.77 | 1.99 | 2.69 | 3.15 | 2.77 | 3.22 | 3.91 | 6.76 | 5.79 | 7.35 |
| Debt / EBITDA | 2.95 | 2.95 | 3.44 | 4.36 | 4.02 | 3.57 | 5.70 | 5.39 | 5.71 | 4.20 | 3.95 |
| Net Debt / Equity | — | 1.52 | 1.67 | 2.20 | 2.87 | 2.52 | 2.74 | 3.59 | 6.25 | 5.33 | 6.51 |
| Net Debt / EBITDA | 2.53 | 2.53 | 2.90 | 3.56 | 3.66 | 3.24 | 4.86 | 4.96 | 5.29 | 3.87 | 3.50 |
| Debt / FCF | — | 4.82 | 6.85 | 9.55 | — | 65.98 | 9.81 | 10.28 | 73.76 | — | 9.52 |
| Interest Coverage | 3.92 | 3.92 | 3.21 | 3.03 | 4.53 | -0.66 | 3.54 | 2.68 | 3.02 | 4.49 | 4.41 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 1.22 | 1.15 | 1.18 | 1.09 | 1.15 | 1.03 | 1.04 | 0.95 | 0.98 |
| Quick Ratio | 0.66 | 0.66 | 0.80 | 0.77 | 0.67 | 0.67 | 0.85 | 0.61 | 0.61 | 0.52 | 0.55 |
| Cash Ratio | 0.21 | 0.21 | 0.29 | 0.33 | 0.16 | 0.14 | 0.29 | 0.17 | 0.17 | 0.13 | 0.19 |
| Asset Turnover | — | 0.87 | 0.85 | 0.80 | 0.91 | 0.82 | 0.56 | 0.62 | 0.73 | 0.82 | 0.86 |
| Inventory Turnover | 6.40 | 6.40 | 6.43 | 5.92 | 5.28 | 5.20 | 5.83 | 4.66 | 5.34 | 5.06 | 5.32 |
| Days Sales Outstanding | — | 53.07 | 51.50 | 52.49 | 52.48 | 61.25 | 59.93 | 59.49 | 52.96 | 44.78 | 38.11 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 1.0% | 1.2% | 1.0% | 1.1% | 0.7% | — | — | — | — | — |
| Payout Ratio | 16.3% | 16.3% | 28.1% | 25.6% | 14.6% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 6.2% | 4.3% | 4.1% | 7.3% | — | 3.1% | 4.0% | 7.9% | 4.2% | 6.8% |
| FCF Yield | 9.0% | 9.2% | 8.0% | 6.0% | — | 0.6% | 5.4% | 7.5% | 2.0% | — | 6.2% |
| Buyback Yield | 4.1% | 4.2% | 2.2% | 0.1% | 7.2% | 6.6% | 0.5% | 0.1% | 0.1% | 4.4% | 0.1% |
| Total Shareholder Yield | 5.1% | 5.2% | 3.4% | 1.2% | 8.3% | 7.3% | 0.5% | 0.1% | 0.1% | 4.4% | 0.1% |
| Shares Outstanding | — | $116M | $119M | $120M | $121M | $130M | $135M | $135M | $134M | $136M | $139M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CCK stock.
Crown Holdings, Inc.'s current P/E ratio is 17.2x. The historical average is 21.1x. This places it at the 46th percentile of its historical range.
Crown Holdings, Inc.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
Crown Holdings, Inc.'s return on equity (ROE) is 21.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 40.8%.
Based on historical data, Crown Holdings, Inc. is trading at a P/E of 17.2x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crown Holdings, Inc.'s current dividend yield is 0.94% with a payout ratio of 16.3%.
Crown Holdings, Inc. has 18.3% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
Crown Holdings, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
High leverage and input costs
Metrics are mathematically derived from official filings.
Margin Expansion on Operating Leverage
Operating margin surged to 15.8% in Q2 2026, up from 12.4% a year earlier, reflecting strong volume growth and cost pass-throughs, as reported in the latest quarterly financials.
The 340 basis point year-over-year expansion in operating margin, despite a gross margin decline from 22.6% to 20.4%, indicates that operating leverage is driving profitability more than pricing power. This suggests that the company's high fixed-cost base is being utilized more efficiently as volumes grow, particularly in the beverage can segments. However, the volatility in gross margin, which dipped to 10.3% in Q4 2025, highlights the sensitivity to input cost timing and mix shifts, warranting close monitoring of aluminum and energy costs.
ROIC Recovery from Cyclical Lows
ROIC improved to 4.8% in Q2 2026 from 2.0% in Q1 2024, but remains below the cost of capital, indicating that returns are recovering but still subpar, based on reported figures.
The steady climb in ROIC from 2.0% to 4.8% over the past ten quarters suggests that the company is emerging from a period of depressed returns, likely driven by improved capacity utilization and cost discipline. However, the absolute level remains low, which may reflect the capital-intensive nature of the business and the drag from the transit packaging segment. Investors should assess whether this recovery can be sustained as capex remains maintenance-focused, and whether the company can generate returns above its weighted average cost of capital in the coming years.
Working Capital Efficiency Improves
Cash conversion cycle shortened to 15 days in Q2 2026 from 27 days in Q1 2024, driven by faster receivables collection and extended payables, as per the latest quarterly data.
The 12-day reduction in CCC is a notable improvement, with DSO falling from 55 to 50 days and DPO rising from 93 to 89 days, indicating better working capital management. This suggests that the company is leveraging its scale to negotiate more favorable payment terms with suppliers while collecting from customers more quickly. However, the improvement may also reflect a shift in product mix toward beverage cans, which have shorter cash cycles than transit packaging, so the sustainability of this trend should be evaluated across segments.
Leverage Easing but Debt Remains High
Debt-to-equity fell to 1.86 in Q2 2026 from 2.62 in Q1 2024, while interest coverage improved to 4.48, indicating a more comfortable debt service position, as reported in financial statements.
The reduction in leverage, driven by debt repayment and equity growth, has improved interest coverage from 2.27 to 4.48, suggesting that the company is better positioned to service its debt. However, with total debt of $6.3 billion and D/EBITDA still elevated at 9.01, the balance sheet remains a key risk, especially if input costs rise or volumes falter. The improvement in coverage is encouraging, but investors should monitor whether the company can continue to deleverage while funding growth and shareholder returns.
Liquidity Cushion Thins
Current ratio improved to 1.05 in Q2 2026 from 0.87 in Q1 2025, but cash reserves fell to $656 million from $1.2 billion, indicating a tighter liquidity buffer, based on balance sheet data.
While the current ratio has recovered to just above 1.0, the decline in cash reserves suggests that the company is relying more on operating cash flow and credit lines to meet short-term obligations. The quick ratio of 0.65 indicates that inventory is a significant component of current assets, which could be a concern if demand weakens and inventory becomes harder to liquidate. This thinner liquidity position, combined with high leverage, suggests that the company may have limited flexibility to absorb unexpected shocks, such as a sharp downturn in industrial production.
EV/EBITDA Misleads on Leverage
EV/EBITDA of 8.83 appears low, but with D/EBITDA at 9.01, the metric understates the true leverage burden, as per the latest financial data.
The EV/EBITDA multiple is often used to compare packaging companies, but for CCK, it can be misleading because it does not fully capture the company's substantial debt load relative to its cash generation. With D/EBITDA at 9.01, the company's enterprise value is heavily weighted toward debt, which increases financial risk. A more appropriate metric would be net debt to EBITDA or interest coverage, which better reflect the company's ability to service its obligations. Investors should adjust for the transit packaging segment's different margin profile and the potential for non-recurring items when evaluating the sustainability of EBITDA.