BALL Corp (BALL) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Industrials · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 24.2% | The figure most screeners publish. |
| Operating cash flow | 17.4% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 27.9% | What is left after maintaining the business. |
Spread between highest and lowest: 10 percentage points. Same filings, different denominators.
The arithmetic
- GAAP earnings — dividends declared per share $0.80 ÷ diluted EPS $3.30
- Operating cash flow — dividends paid $220.0m ÷ operating cash flow $1,262.0m
- Free cash flow — dividends paid $220.0m ÷ (operating cash flow $1,262.0m − capex $474.0m)
Where the figures came from
- 10-K filed 2026-02-19 · accession
0001104659-26-017410
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.