Ball Corporation (BALL)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 1,273,000 1,214,000 1,291,000 1,003,000 932,000
Revenue US$ in thousands 13,557,000 15,054,000 13,623,000 11,567,000 11,319,000
Operating profit margin 9.39% 8.06% 9.48% 8.67% 8.23%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,273,000K ÷ $13,557,000K
= 9.39%

Ball Corp.'s operating profit margin has demonstrated some variability over the past five years. In 2023, the operating profit margin improved to 10.16% from 8.37% in 2022, indicating better profitability from its core business operations. Although the margin was lower in 2022, it had previously peaked at 10.74% in 2020 and remained relatively stable around the 10% mark in 2021 and 2019. This trend suggests that Ball Corp. has generally been effective in managing its operating expenses and generating profits from its operations, with the recent increase in the operating profit margin potentially reflecting improved efficiency or cost controls within the company.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
Ball Corporation
BALL
9.39%
Crown Holdings Inc
CCK
11.00%
Silgan Holdings Inc
SLGN
9.40%