“Consolidated EBITDA is calculated as the sum of, among other things, net income attributable to Crown Holdings, net income attributable to certain of the Company's subsidiaries, income taxes, interest expense, depreciation and amortization, and certain non-ca…”10-Q · Jul 30, 2026 ↗
Crown Holdings, Inc.
CCK
Market read
Crown Holdings, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
- Revenue increased 12.9% versus the comparable filing period.
- Operating margin fell 1.4 percentage points.
- Consolidated beverage can volumes reported a 5% increase for the three and six months ended June 30, 2026 versus 2025.
- Company disclosed pass-through of higher aluminum costs of $36 and $47 affecting net sales in the comparable periods.
Invalidation: The isolated read changes if CCK's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
- Revenue increased 12.9% versus the comparable filing period.
- Operating margin fell 1.4 percentage points.
- Net margin fell 1.3 percentage points.
- Operating cash flow covered only -0.31x net income.
- Consolidated beverage can volumes reported a 5% increase for the three and six months ended June 30, 2026 versus 2025.
- Company disclosed pass-through of higher aluminum costs of $36 and $47 affecting net sales in the comparable periods.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Net margin changed +2.4 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- P/E is 35% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 28% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 9, 2026
111.78Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Segment income increased primarily due to higher volumes, partially offset by higher costs not recovered, primarily utility and transportation costs.”10-Q · Jul 30, 2026 ↗
“Investing Activities Cash used for investing activities increased from $44 for the six months ended June 30, 2025 to $194 for the six months ended June 30, 2026, primarily due to higher capital expenditures and $45 settlement of cross-currency swaps that matu…”10-Q · Jul 30, 2026 ↗
“Segment income decreased primarily due to margin compression du e to lower selling prices, primarily in plastic strap and protective solutions, partially offset by improved cost performance of $6.”10-Q · May 1, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.0× · EV/sales 1.4×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CCK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-01 against the comparable filing from 2025-05-02.
What improved
- Revenue increased 12.9% versus the comparable filing period.
What weakened
- Operating margin fell 1.4 percentage points.
- Net margin fell 1.3 percentage points.
- Operating cash flow covered only -0.31x net income.
Filing receipts
“Investing Activities Cash used for investing activities increased from an inflow of $1 for the three months ended March 31, 2025 to an outflow of $97 for the three months ended March 31, 2026, primarily due to increased capital expenditures and $45 settlement of cross-currency swaps that matured in February 2026.”
“Net sales and Segment income in the European Beverage segment were as follows: Three Months Ended March 31, 2026 2025 Net sales $ 588 $ 512 Segment income 86 67 Net sales increased primarily due to 7% higher volumes and favorable foreign currency translation of $36.”
“Net sales and Segment income in the Asia Pacific segment were as follows: Three Months Ended March 31, 2026 2025 Net sales $ 303 $ 279 Segment income 52 47 Net sales increased primarily due to 17% higher volumes and favorable foreign currency translation of $7 .”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CCK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BUDAnheuser-Busch InBev SA/NVcustomerFeb 27, 2026 ▾
“CUSTOMERS The Company’s largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, Molson Coors, Pepsi-Cola, and…”
HKHHYFiling-linked namecustomerFeb 27, 2026 ▾
“CUSTOMERS The Company’s largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, Molson Coors, Pepsi-Cola, and…”
Depended on by
FLEXFlex Ltd.supplierMay 20, 2026 ▾
“This was primarily driven by $0.4 billion of cash paid for the acquisitions of the Orangeburg manufacturing facility, Crown and JetCool, net of cash acquired, and $0.4 billion of capital expenditures for property and equipment to continue expanding capabiliti…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 13 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CCK is currently a Follower in the organic co-movement group Cyclical Demand. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.