O-I Glass Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,426	6,531	7,105	6,856	6,357
Revenue Growth (YoY)	-1.61%	-8.08%	3.63%	7.85%	4.37%
Cost of Revenue	5,317	5,486	5,609	5,643	5,266
Gross Profit	1,109	1,045	1,496	1,213	1,091
Selling, General & Admin	451	462	556	507	440
Research & Development	42	80	92	79	82
Other Operating Expenses	18	-42	-10	-16	-
Operating Expenses	511	500	638	570	522
Operating Income	598	545	858	643	569
Interest Expense	-341	-335	-342	-239	-216
Earnings From Equity Investments	119	79	127	107	90
Currency Exchange Gain (Loss)	22	-35	-16	-22	-3
EBT Excluding Unusual Items	398	254	627	489	440
Merger & Restructuring Charges	-443	-206	-100	-53	-35
Impairment of Goodwill	-	-	-445	-	-
Gain (Loss) on Sale of Assets	5	6	4	389	84
Legal Settlements	-4	-11	-	-	71
Other Unusual Items	-5	-5	-19	-20	-228
Pretax Income	-49	38	67	805	332
Income Tax Expense	54	126	152	178	167
Earnings From Continuing Operations	-103	-88	-85	627	165
Earnings From Discontinued Operations	-	-	-	-	7
Net Income to Company	-103	-88	-85	627	172
Minority Interest in Earnings	-26	-18	-18	-43	-23
Net Income	-129	-106	-103	584	149
Net Income to Common	-129	-106	-103	584	149
Net Income Growth	-	-	-	291.95%	-40.16%
Shares Outstanding (Basic)	154	155	155	155	157
Shares Outstanding (Diluted)	154	155	155	159	160
Shares Change (YoY)	-0.65%	-0.06%	-2.73%	-0.83%	0.96%
EPS (Basic)	-0.84	-0.69	-0.67	3.76	0.95
EPS (Diluted)	-0.84	-0.69	-0.67	3.76	0.92
EPS Growth	-	-	-	307.07%	-41.17%
Free Cash Flow	168	-128	130	-385	289
Free Cash Flow Per Share	1.09	-0.83	0.84	-2.42	1.80
Gross Margin	17.26%	16.00%	21.06%	17.69%	17.16%
Operating Margin	9.31%	8.34%	12.08%	9.38%	8.95%
Profit Margin	-2.01%	-1.62%	-1.45%	8.52%	2.34%
Free Cash Flow Margin	2.61%	-1.96%	1.83%	-5.62%	4.55%
EBITDA	1,016	969	1,275	1,028	959
EBITDA Margin	15.81%	14.84%	17.95%	14.99%	15.09%
D&A For EBITDA	418	424	417	385	390
EBIT	598	545	858	643	569
EBIT Margin	9.31%	8.34%	12.08%	9.38%	8.95%
Effective Tax Rate	-	331.58%	226.87%	22.11%	50.30%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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