A plain-English look at O-I Glass's revenue, losses, and market value as the Perrysburg, Ohio glass container maker navigates a tough stretch.
Every beer bottle clinking in an ice bucket at a summer cookout probably passed through a furnace in Perrysburg, Ohio. That's where O-I Glass is headquartered, and it's one of the country's major manufacturers of glass containers — the kind that hold beer, wine, soda, spirits, condiments, and food on shelves across the Americas and Europe.
What O-I Actually Makes
O-I Glass runs two reportable segments split by geography: Americas and Europe. Its core product is simple to picture but hard to make at scale — glass bottles and jars, produced in enormous volumes for beverage and food companies. Beer is the single biggest end market for those bottles.
A Company Built on Furnaces, Not Trends
Glass container manufacturing is a capital-intensive business. Furnaces run continuously, and the company's roughly 19,000 employees keep that production moving across its global footprint. This isn't a business chasing quarterly fads — it's infrastructure for other people's products.
Sizing Up the Business
In fiscal year 2025, O-I Glass reported revenue of $6.4 billion. That's a substantial base of business for a company most consumers have never heard of, even though they've almost certainly held one of its products. Revenue grew 5% from FY2020 to FY2025, a slow but steady climb over that five-year window rather than a dramatic surge.
Where the Money Ends Up
Size alone doesn't tell the full story. O-I Glass posted a net loss of $129.0 million in FY2025, meaning the company spent more than it brought in after all costs were accounted for. Its net margin came in at -1.6%, while gross margin — the profit left after direct production costs — stood at 17.3%. That gap between gross and net margins suggests other costs, beyond just making the glass, weighed heavily on the bottom line this year.
What the Balance Sheet Shows
Total assets sit at $9.2 billion, a figure that reflects the scale of plants, equipment, and other resources needed to run a global glass manufacturing operation. Assets of that size don't guarantee profitability, but they do underline how much physical infrastructure underpins this business.
Market Value Tells a Different Story
Despite that asset base, O-I Glass carries a market capitalization of $1.2 billion, trading on the New York Stock Exchange under the ticker OI. Shares recently changed hands around $9.39, and the stock is trading 44% below its 52-week high — a notable pullback that reflects how investors have priced the company's recent performance and outlook.
A Dividend Amid the Losses
Even with a net loss on the books, O-I Glass continues to pay a dividend, yielding about 2.13% annually. That's a detail worth noting for anyone tracking how established industrial companies balance shareholder payouts against periods of financial strain.
A Long History on Public Markets
O-I Glass has been publicly traded since its IPO in December 1991, giving it more than three decades as a listed company. That long tenure on the market means its current numbers can be viewed against a much longer arc of industrial cycles, not just a single rough year.
The Bottom Line on the Numbers
Put together, the picture is of a large, asset-heavy manufacturer generating billions in revenue but currently operating at a loss, with a stock market valuation well below its asset base and its own recent trading history. This is factual reporting drawn from public filings and market data, not investment advice.
