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CCK

Crown Holdings, Inc.

CCK

Crown Holdings, Inc. NYSE
$96.83 -0.10% (-0.10)

Market Cap $11.27 B
52w High $109.48
52w Low $75.98
Dividend Yield 1.04%
P/E 12.01
Volume 957.51K
Outstanding Shares 116.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.202B $155M $214M 6.683% $1.86 $540M
Q2-2025 $3.149B $322M $181M 5.748% $1.57 $556M
Q1-2025 $2.887B $260M $193M 6.685% $1.65 $468M
Q4-2024 $2.903B $299M $358M 12.332% $3.03 $490M
Q3-2024 $3.074B $247M $-175M -5.693% $-1.47 $539M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.172B $14.553B $11.054B $3.016B
Q2-2025 $1.038B $14.478B $11.106B $2.891B
Q1-2025 $879M $13.841B $10.669B $2.694B
Q4-2024 $1.016B $13.848B $10.62B $2.756B
Q3-2024 $1.833B $15.095B $12.05B $2.532B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $214M $580M $-77M $-253M $134M $488M
Q2-2025 $180M $449M $-45M $-274M $57M $393M
Q1-2025 $227M $14M $1M $-153M $-137M $-19M
Q4-2024 $392M $295M $196M $-1.266B $-817M $146M
Q3-2024 $-132M $554M $-65M $-190M $322M $478M

Revenue by Products

Product Q2-2020Q3-2020Q4-2020Q2-2025
Americas Beverage
Americas Beverage
$0 $0 $0 $1.41Bn
European Beverage
European Beverage
$330.00M $420.00M $380.00M $640.00M
Transit Packaging
Transit Packaging
$460.00M $510.00M $520.00M $530.00M
European Food
European Food
$500.00M $620.00M $450.00M $0
Other Segments
Other Segments
$350.00M $370.00M $340.00M $0
Operating Segments
Operating Segments
$90.00M $40.00M $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly stable over the past several years, with only modest ups and downs rather than strong growth. Profitability at the operating level has held up reasonably well, suggesting the core business is sound despite a choppy demand and cost environment. Net income, however, has been more volatile than sales, with one clearly weak year earlier in the period and earnings since then recovering but not back to the earlier peak. Overall, this points to a solid, but not fast‑growing, business that is sensitive to costs, interest, and one‑off items.


Balance Sheet

Balance Sheet The balance sheet shows a sizable asset base and meaningful leverage. Debt remains high relative to the company’s equity, but the trend over the last couple of years has been gradually improving as debt edges down and equity builds up. Cash levels move around but appear adequate for day‑to‑day needs. In simple terms, this is a capital‑intensive business that still carries a fair amount of debt, but its financial footing looks more stable now than a few years ago.


Cash Flow

Cash Flow Cash generation from the underlying business is a relative strength. Operating cash flow has generally covered the company’s needs and has improved from the weaker year in the middle of the period. Free cash flow dipped into negative territory once when investment spending was particularly heavy, but has been positive in the most recent years as capital spending cooled off somewhat. Overall, the company appears capable of funding its operations and investments from internal cash most of the time, with less strain than before.


Competitive Edge

Competitive Edge Crown operates in a mature, competitive industry, but it benefits from major structural advantages. Its global manufacturing footprint, long‑standing relationships with large beverage and food companies, and the mission‑critical nature of its packaging create high switching costs for customers. The capital intensity and technical know‑how required to build and run high‑speed can plants make it difficult for new entrants to replicate its scale. These factors together give Crown a durable, though not unassailable, competitive position.


Innovation and R&D

Innovation and R&D Innovation is tightly linked to sustainability, efficiency, and branding support for customers. Crown is pushing lighter‑weight cans, more efficient production lines, and advanced printing technologies that let brands customize designs at scale. It also invests in smart and secure packaging under its digital platforms, aiming to give customers better traceability and consumer engagement tools. Add in specialized closures and strong technical support from its R&D teams, and the company is clearly using innovation to deepen relationships and defend its moat rather than chasing risky moonshots.


Summary

Crown looks like a mature, scale‑driven industrial business with steady revenue, decent but occasionally volatile earnings, and a balance sheet that carries meaningful debt but has been gradually improving. Cash flow is a relative bright spot, showing that the core operations throw off enough cash to support investment and debt service in normal conditions. Strategically, the company leans on its global footprint, sticky customer relationships, and heavy investment in plants and technology to defend its position. Its focus on sustainability, lightweighting, and smart packaging suggests management is trying to stay ahead of long‑term trends in consumer goods and regulation, which could support the company’s relevance over time even if top‑line growth remains modest.