Feed / CCK

Crown Holdings, Inc.

CCK

Consumer Cyclical · 111.78 -1.3% today

Isolated · not yet confirmedMarket checked 9 Sept, 15:55 GMT-4

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.

What changed
  • Revenue increased 12.9% versus the comparable filing period.
  • Operating margin fell 1.4 percentage points.
Company-1.3% todayVolume comparison unavailable
Market group0 of 26 activeCyclical Demand · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Consumer Cyclical · Packaging & Containers

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.

Evidence that supports
  • Revenue increased 12.9% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 1.4 percentage points.
  • Net margin fell 1.3 percentage points.
  • Operating cash flow covered only -0.31x net income.
What would clarify the read
  • 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

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations326
Usable filing statements119
Verified relationships13
Evidence supporting the case
  • Net margin changed +2.4 percentage points in the latest annual period.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 9, 2026

111.78
6m+6.3%12m+18.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$11.4B+21.3%$-4.30-3.1%
2022-12-31$12.9B+13.6%$5.99-6.9%
2023-12-31$12.0B-7.2%$3.76-1.4%
2024-12-31$11.8B-1.7%$3.55-0.2%
2025-12-31$12.4B+4.8%$6.38-3.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
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
Demand and volumemixed · 5 filings
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
Capital investment and capacitymixed · 4 filings
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
Input and raw-material costsnegative · 4 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

111.78-1.3% today

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.

cautious
OperationsmixedEvidence score 0
liquiditycautiousEvidence score -1
valuationmixed

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.