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Financials · OI

O-I Glass Inc. (OI) financials

For the twelve months ended Sep 30, 2026, O-I Glass Inc. reported $6.33B of revenue and -$1.20B of net income.

Revenue, TTM
$6.33B
Revenue growth, YoY
-1.9%
Net income, TTM
-$1.20B
Net margin
-18.9%
Free cash flow, TTM
-$44.00M
EPS, diluted, TTM
-$7.79
Cash
$379.00M
Total debt
$4.92B
P/S
0.13
Market cap
$806.7M
Annual revenue$6.43B
FY2016FY2025
Annual net income-$129.00M
FY2016FY2025
Annual free cash flow$168.00M
FY2016FY2025

OI revenue and earnings growth

OI revenueQ3 2026$1.62B

Quarter YoY
-1.8%
QoQ
-2.7%
FY YoY
-1.6%
5Y CAGR
+1.1%

OI revenue was $1.62B in fiscal Q3 2026 (ended Sep 30, 2026), down 1.8% from a year earlier and down 2.7% from the prior quarter. For the full fiscal 2025 it was $6.43B, down 1.6% from fiscal 2024. Compound annual growth was +1.1% over 5 years. It rose in 5 of the last 9 fiscal years.

OI net incomeQ3 2026-$13.00M

OI net income was -$13.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $30.00M a year earlier. For the full fiscal 2025 it was -$129.00M, compared with -$106.00M in fiscal 2024.

OI EPSQ3 2026-$0.08

OI diluted EPS was -$0.08 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.19 a year earlier. For the full fiscal 2025 it was -$0.84, compared with -$0.69 in fiscal 2024.

OI free cash flowQ3 2026$84.00M

Quarter YoY
-26.3%
5Y CAGR
+2.8%
10Y CAGR
-2.0%

OI free cash flow was $84.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 26.3% from a year earlier. For the full fiscal 2025 it was $168.00M, compared with -$128.00M in fiscal 2024. Compound annual growth was +2.8% over 5 years and -2.0% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$6.43B$6.53B$7.11B$6.86B$6.36B$6.09B$6.69B$6.88B$6.87B$6.70B
Cost of revenue$5.32B$5.49B$5.61B$5.64B$5.27B$5.12B$5.48B$5.59B$5.54B$5.39B
Gross profit$1.11B$1.04B$1.50B$1.21B$1.09B$972.00M$1.21B$1.28B$1.33B$1.31B
Research and development$42.00M$80.00M$92.00M$79.00M$82.00M$75.00M$68.00M$70.00M$60.00M$65.00M
Selling, general and admin$434.00M$445.00M$540.00M$496.00M$433.00M$403.00M$439.00M$483.00M$484.00M$503.00M
Operating income-$38.00M$67.00M$805.00M$332.00M$353.00M----
Interest expense$341.00M$335.00M$342.00M$239.00M$216.00M$265.00M$311.00M$261.00M$268.00M$272.00M
Pre-tax income-$49.00M$38.00M$67.00M$960.00M$332.00M$353.00M-$261.00M$277.00M$275.00M$356.00M
Income tax$54.00M$126.00M$152.00M$178.00M$167.00M$89.00M$118.00M$108.00M$70.00M$119.00M
Net income-$129.00M-$106.00M-$103.00M$584.00M$149.00M$249.00M-$400.00M$257.00M$180.00M$209.00M
EPS, basic-$0.84-$0.69-$0.67$3.76$0.95$1.59-$2.58$1.61$1.11$1.29
EPS, diluted-$0.84-$0.69-$0.67$3.67$0.93$1.57-$2.58$1.59$1.10$1.28
Diluted shares153.6M154.6M154.7M159.0M160.3M158.8M155.3M162.1M164.6M162.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$759.00M$734.00M$913.00M$773.00M$725.00M$563.00M$551.00M$512.00M$492.00M$492.00M
Receivables$601.00M$572.00M$671.00M$760.00M$692.00M$623.00M$621.00M$549.00M$663.00M$580.00M
Inventory$1.00B$963.00M$1.07B$848.00M$816.00M$841.00M$1.04B$1.02B$1.04B$983.00M
Current assets$2.60B$2.48B$2.88B$2.60B$2.52B$2.30B$2.49B$2.36B$2.42B$2.25B
Goodwill$1.49B$1.32B$1.47B$1.81B$1.84B$1.95B$1.93B$2.51B$2.59B$2.46B
Total assets$9.24B$8.65B$9.67B$9.06B$8.83B$8.88B$9.61B$9.70B$9.76B$9.13B
Current liabilities$2.09B$2.16B$2.35B$2.36B$1.85B$1.90B$2.00B$2.21B$2.28B$2.06B
Short-term debt$162.00M$306.00M$142.00M$300.00M$38.00M$142.00M$49.00M$33.00M$151.00M$162.00M
Long-term debt$4.84B$4.55B$4.70B$4.37B$4.75B$4.95B$5.43B$5.18B$5.12B$5.13B
Total debt$5.00B$4.86B$4.84B$4.67B$4.79B$5.09B$5.48B$5.21B$5.27B$5.29B
Total liabilities$7.80B$7.45B$7.92B$7.53B$8.01B$8.48B$9.05B$8.80B$8.83B$8.77B
Shareholders' equity$1.45B$1.21B$1.74B$1.53B$827.00M$401.00M$564.00M$900.00M$927.00M$363.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$600.00M$489.00M$818.00M$154.00M$687.00M$457.00M$405.00M$791.00M$721.00M$751.00M
Capital expenditures$432.00M$617.00M$688.00M$539.00M$398.00M$311.00M$426.00M$536.00M$441.00M$454.00M
Free cash flow$168.00M-$128.00M$130.00M-$385.00M$289.00M$146.00M-$21.00M$255.00M$280.00M$297.00M
Investing cash flow-$368.00M-$620.00M-$683.00M-$97.00M-$220.00M$93.00M-$437.00M-$698.00M-$351.00M-$417.00M
Financing cash flow-$250.00M-$8.00M-$27.00M$6.00M-$273.00M-$557.00M$68.00M-$53.00M-$392.00M-$228.00M
Dividends paid-----$8.00M$31.00M---
Share repurchases$40.00M$40.00M$40.00M$40.00M$40.00M-$38.00M$163.00M--
Stock-based compensation$25.00M$14.00M$43.00M$33.00M$8.00M-----
Depreciation and amortization$479.00M$486.00M$483.00M$454.00M$449.00M$468.00M$499.00M$494.00M$488.00M$478.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-1.6%-8.1%3.6%7.8%4.4%-9.0%-2.7%0.1%2.5%-
Net income growth, YoY---291.9%-40.2%--42.8%-13.9%54.8%
EPS growth, YoY---294.6%-40.8%--44.5%-14.1%56.1%
Gross margin17.3%16.0%21.1%17.7%17.2%16.0%18.1%18.7%19.4%19.5%
Operating margin-0.6%0.9%11.7%5.2%5.8%----
Net margin-2.0%-1.6%-1.4%8.5%2.3%4.1%-6.0%3.7%2.6%3.1%
Free cash flow margin2.6%-2.0%1.8%-5.6%4.5%2.4%-0.3%3.7%4.1%4.4%
Return on equity-8.9%-8.8%-5.9%38.2%18.0%62.1%-70.9%28.6%19.4%57.6%
Return on assets-1.4%-1.2%-1.1%6.4%1.7%2.8%-4.2%2.6%1.8%2.3%
Current ratio1.251.151.231.101.361.211.251.071.061.09
Debt to equity3.464.032.783.065.7912.699.725.795.6914.59

Source: XBRL data O-I Glass Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OI$6.33B-1.9%-$1.20B-18.9%$806.7M
KMB$16.57B+0.6%$3.30B19.9%$68.69B
SW$31.48B+1.1%$473.00M1.5%$23.18B
PKG$9.82B+12.0%$727.10M7.4%$22.67B
BALL$15.13B+19.2%$532.00M3.5%$17.39B
AVY$9.36B+6.8%$708.30M7.6%$14.20B
CCK$13.77B+13.4%$857.00M6.2%$13.33B
WMS$3.26B+9.2%$405.49M12.4%$9.67B
REYN$3.80B+2.5%$323.00M8.5%$5.22B

OI FAQ

9 questions
  • What is OI revenue?
    O-I Glass Inc. (OI) reported $6.33B of revenue for the twelve months ended Sep 30, 2026. That is down 1.9% from the year before. Revenue for fiscal 2025 was $6.43B.
  • Is OI profitable?
    No. O-I Glass Inc. reported a net loss of $1.20B for the twelve months ended Sep 30, 2026.
  • How much cash and debt does OI have?
    O-I Glass Inc. reported $379.00M in cash and cash equivalents and $4.92B of debt on its most recent balance sheet in SEC filings.
  • How fast is OI revenue growing?
    O-I Glass Inc.'s revenue changed -1.6% in fiscal 2025, to $6.43B. Its compound annual growth rate was +1.1% over 5 years.
  • What is OI gross margin?
    O-I Glass Inc.'s gross profit was $838.00M on $6.33B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 13.2%.
  • What is OI free cash flow?
    O-I Glass Inc. generated -$44.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $367.00M less capital expenditures.
  • What is OI earnings per share?
    Diluted earnings per share were -$7.79 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did OI last report financial results?
    The latest statements here come from O-I Glass Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this OI financial data come from?
    Quantisnow builds these statements from the structured XBRL data O-I Glass Inc. files with the SEC. It is provided for information only and is not investment advice.