Crown Holdings Inc CCK

MaterialsContainers & PackagingUnited States of America

Last close 119.24 USD on Nov 1, 2026, +16.9% year to date

Quant rating

Quant rating A Rank 4 of 151 in Materials

Growth C 76 of 151
Valuation B 30 of 151
Quality A 17 of 151
Revisions A 19 of 151
Momentum B 26 of 151

Wall Street consensus Buy (2.00)Average target 134.97 USD +13.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 12.9B
Enterprise value: 18.6B
52-week range: 91.90 – 122.91
3-year range: 71.52 – 122.91
Dividend yield: 1.17%
Beta (5 years): 0.56
Shares outstanding: 108M
Next earnings: Feb 2, 2027

About the company

Crown Holdings, Inc., through its subsidiaries, is a global supplier of rigid packaging products to consumer marketing companies, and transit and protective packaging products, equipment and services to a range of end markets. Its Americas Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends, glass bottles, steel crowns and aluminum caps. Its European Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends in Europe, the Middle East and North Africa. Its Asia Pacific segment manufactures infinitely recyclable beverage cans and ends, food cans, and specialty packaging in Cambodia, China, Indonesia, Malaysia, Thailand and Vietnam. Its Transit Packaging segment includes its worldwide automation and equipment technologies, protective packaging solutions, and steel and plastic consumables. Its other segments include food can, aerosol can, and closures, and beverage tooling and equipment operations in the U.S. and the United Kingdom.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	12,365	11,801	12,010	12,943	11,394	–
Revenue growth	4.8%	−1.7%	−7.2%	13.6%	21.3%	5.7%
EPS (basic, normalized)	7.79	6.41	5.86	6.75	7.66	–
EPS growth	21.5%	9.4%	−13.2%	−11.9%	–	–
Gross margin	22.0%	21.5%	20.5%	17.8%	20.8%	20.5%
Net margin	6.0%	3.6%	3.7%	5.6%	−4.4%	2.9%
ROE	25.6%	16.4%	21.1%	38.7%	−24.7%	15.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	629
Current ratio	1.14x
Long-term debt (mil)	5,711
Net debt (mil)	5,750
Total equity (mil)	2,935
Net debt / equity	1.96x
Net debt / EBITDA	2.57x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	12,365	+4.8%	1.5x	2,237	+15.8%	8.3x	7.79	+21.5%	15.3x
2026	13,943	+12.8%	1.3x	2,115	−5.5%	8.8x	8.41	+8.0%	14.2x
2027	14,278	+2.4%	1.3x	2,192	+3.7%	8.5x	9.09	+8.0%	13.1x
2028	14,619	+2.4%	1.3x	2,278	+3.9%	8.2x	10.04	+10.4%	11.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	13,943	+2.3%	+2.3%	+5.6%	8.41	+0.1%	+0.1%	+3.7%
2027	14,278	+2.7%	+2.7%	+5.7%	9.09	+0.6%	+0.6%	+3.2%
2028	14,619	+3.6%	+3.6%	+6.2%	10.04	+2.6%	+2.5%	+6.0%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,784	3,040	3,074	2,903	2,887	3,149	3,202	3,127	3,259	3,668
Sales mean (mil)	2,932	3,064	3,064	2,890	2,819	3,107	3,131	2,991	3,045	3,368
Surprise	−5.1%	−0.8%	+0.3%	+0.5%	+2.4%	+1.3%	+2.3%	+4.6%	+7.0%	+8.9%
EPS reported	1.02	1.81	1.99	1.59	1.67	2.15	2.24	1.74	1.86	2.49
EPS mean	0.96	1.58	1.80	1.51	1.23	1.87	1.99	1.70	1.73	2.16
Surprise	+6.7%	+14.3%	+10.5%	+5.4%	+35.5%	+14.8%	+12.4%	+2.1%	+7.5%	+15.2%

Peer comparison Containers & Packaging

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CCK Crown Holdings Inc	12.9B	2.57x	6.0%	4.39x	14.2x	13.1x	8.8x	8.5x
SW Smurfit WestRock PLC	22.6B	2.70x	2.2%	1.26x	21.2x	13.2x	7.5x	6.2x
PKG Packaging Corp of America	22.9B	1.82x	8.6%	4.91x	24.3x	18.4x	12.4x	10.3x
AMCR Amcor PLC	21.9B	–	4.7%	1.86x	11.7x	11.1x	9.3x	9.0x
IP International Paper Co	19.3B	2.98x	−12.0%	1.47x	31.4x	13.1x	8.5x	6.2x
BALL Ball Corp	17.6B	3.16x	6.9%	3.06x	16.5x	14.7x	11.2x	10.6x
Mean		2.65x	2.7%	2.82x	19.9x	13.9x	9.6x	8.5x
Median		2.70x	5.3%	2.46x	18.9x	13.1x	9.1x	8.7x

Technical analysis

1M+11.0%
3M−1.3%
1Y+23.6%
3Y+55.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Crown Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	12,365	11,801	12,010	12,943	11,394	9,392
Cost of revenue	9,641	9,262	9,546	10,643	9,029	7,359
Gross profit	2,724	2,539	2,464	2,300	2,365	2,033
Selling, general & administrative expenses	632	597	582	556	583	533
Research & development	–	–	–	–	–	–
Depreciation/amortization	456	448	499	460	447	422
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	98.0	76.0	115	−41.0	1,551	30.0
Other operating expenses	0	0	0	0	0	0
Operating income	1,538	1,418	1,268	1,325	−216	1,048
Net interest income (expense)	−365	−129	−424	−285	−199	−280
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−13.0	−546	−49.0	16.0	−4.0	−43.0
Net income before taxes	1,160	743	795	1,056	−419	725
Provision for taxes	281	183	222	243	−57.0	199
Minority interest	−145	−136	−137	−128	−148	−108
Equity in affiliates	4.0	0	14.0	42.0	3.0	6.0
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	738	424	450	727	−507	424
Extraordinary items	–	–	0	0	−53.0	155
Net income	738	424	450	727	−560	579
EBIT, normalized	1,636	1,494	1,383	1,284	1,335	1,078
EBITDA, normalized	2,092	1,942	1,882	1,744	1,798	1,559
Basic EPS, normalized	7.79	6.41	5.86	6.75	7.66	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Crown Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	764	918	1,310	550	531	1,173
Receivables	1,798	1,665	1,727	1,861	1,912	1,542
Total inventory	1,577	1,440	1,613	2,014	1,735	1,263
Prepaid expenses	134	90.0	93.0	145	159	118
Other current assets	115	98.0	90.0	89.0	158	807
Total current assets	4,388	4,211	4,833	4,659	4,495	4,903
Property, plant & equipment	5,380	5,128	5,273	4,761	4,227	3,823
Goodwill	3,155	2,954	3,117	2,951	3,007	3,146
Intangibles	959	1,044	1,258	1,358	1,525	1,755
Long-term investments	25.0	22.0	87.0	113	161	24.0
Note receivable	–	–	–	–	–	–
Other long-term assets	365	489	466	459	443	3,040
Total assets	14,272	13,848	15,034	14,301	13,858	16,691
Liabilities
Accounts payable	2,643	2,425	2,459	2,773	2,901	2,141
Payable/accrued	–	–	–	–	–	–
Accrued expenses	931	763	827	850	873	880
Short-term debt	83.0	66.0	16.0	76.0	75.0	104
Current portion of long-term debt	482	81.0	760	111	137	69.0
Other current liabilities	127	130	139	122	147	1,088
Total current liabilities	4,266	3,465	4,201	3,932	4,133	4,282
Long-term debt	5,403	6,061	6,704	6,797	6,060	8,033
Minority interest	481	472	454	438	418	406
Other liabilities	1,123	1,094	1,265	1,285	1,335	1,772
Total liabilities	11,273	11,092	12,624	12,452	11,946	14,493
Shareholders' equity
Preferred stock	0	0	–	0	0	0
Common stock	569	594	604	600	929	929
Additional paid-in capital	0	0	17.0	0	0	179
Retained earnings (accumulated deficit)	3,812	3,624	3,476	3,141	3,180	4,538
Treasury stock	–	–	–	–	−299	−255
Other equity	−1,382	−1,462	−1,687	−1,892	−1,898	−3,193
Total equity	2,999	2,756	2,410	1,849	1,912	2,198
Total liabilities & shareholders' equity	14,272	13,848	15,034	14,301	13,858	16,691

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Crown Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	883	560	587	855	−411	688
Depreciation, depletion & amortization	456	448	499	460	463	481
Deferred taxes	40.0	−168	−53.0	28.0	−248	33.0
Non-cash items	173	273	241	22.0	1,507	131
Changes in working capital	−22.0	79.0	179	−562	−406	−18.0
Cash from operations	1,530	1,192	1,453	803	905	1,315
Investing activities
Capital expenditures	−413	−403	−793	−839	−816	−587
Other investing cash flows	93.0	391	−11.0	197	2,323	52.0
Cash from investing	−320	−12.0	−804	−642	1,507	−535
Financing activities
Financing cash flow items	−129	−134	−143	−136	−147	−42.0
Cash dividends paid	−120	−119	−115	−106	−105	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,112	−1,273	374	217	−2,692	−197
Cash from financing	−1,361	−1,526	116	−25.0	−2,944	−239
Foreign exchange effects	14.0	−38.0	−4.0	−90.0	−113	34.0
Net change in cash	−137	−384	761	46.0	−645	575
Free cash flow	1,117	789	660	−36.0	89.0	728

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.