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November 5, 2025 • 3 min read
In the world of consumer goods, the container is often as crucial as the contents. BALL Corp, a global leader in aluminum packaging, plays a pivotal role in getting your favorite beverages from the brewery to your hand. To understand how this packaging giant is navigating the current economic landscape, let's dive into its latest quarterly financial filing for the third quarter of 2025.
BALL Corp reported a solid performance in Q3 2025, with total revenues climbing to $3.38 billion, a notable increase from $3.08 billion in the same period last year. This growth wasn't just on the top line; the company's profitability also saw a significant boost. Net income for the quarter reached $321 million, up substantially from $199 million in Q3 2024.
This performance translates into healthy margins for a manufacturing-heavy business, with a gross margin of 20.1% and an operating margin of 13.9%.
To better understand how revenue flows through the company's operations to become profit, the following diagram illustrates the key financial figures for the quarter.
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In the diagram, you'll notice a significant "Unallocated" revenue of $174 million, which represents sales from activities not assigned to a specific geographical beverage packaging segment.
BALL Corp provides a window into its global operations by reporting its results across three primary geographical segments. This breakdown shows where the company is generating its revenue and profits.
A key driver for the impressive year-over-year profit jump was the "Business consolidation and other activities" line item. This quarter, it contributed a net income of $78 million, primarily from the gain on the sale of its Saudi Arabia business. This contrasts sharply with the same quarter last year, which saw an $85 million charge in the same category, creating a significant positive swing for the bottom line.
Like any global manufacturer, BALL Corp faces challenges, particularly with raw material costs. The company's cost of sales ticked up slightly to 80% of revenue, driven by higher aluminum prices and increased sales volume. Managing the volatility of commodity prices is a constant balancing act.
Interestingly, the company also disclosed a noteworthy risk in its filing. It is currently in a dispute with U.S. Customs and Border Protection regarding the tariff classification of some of its aluminum imports. While BALL Corp is contesting the challenge, it acknowledges that a negative outcome could result in material costs.
In conclusion, BALL Corp's third-quarter results paint a picture of a company successfully executing its strategy. By focusing on its core beverage packaging business, the company is growing revenue and improving profitability, even while navigating the complexities of global commodity markets and trade regulations. The strong performance across its key geographical segments demonstrates the resilient global demand for sustainable aluminum packaging.
Last updated: November 5, 2025