--- title: "Ball Corporation: Business Model" description: "Ball Corporation revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/ball-corporation/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Ball Corporation: Business Model & Revenue Engine ## Direct Answer Ball Corporation reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Metal Beverage Packaging North and Central America is the largest, with $6.3 billion of revenue (48% of the total), followed by Metal Beverage Packaging Europe at $4.0 billion (30%). 47% of revenue came from the United States. ## How Does Ball Corporation Make Money? No single line supplies a majority of revenue: the largest, Metal Beverage Packaging North and Central America, is 48%, which spreads Ball Corporation's exposure across several demand drivers. Between fiscal 2024 and 2025, Metal Beverage Packaging Europe grew fastest (+14.9%) and Metal Beverage Packaging South America slowest (+10.8%), so the revenue mix tilts toward Metal Beverage Packaging Europe while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Metal Beverage Packaging North and Central America | $6.3 billion | $5.6 billion | 47.8% | 11.9% | | Metal Beverage Packaging Europe | $4.0 billion | $3.5 billion | 30.3% | 14.9% | | Metal Beverage Packaging South America | $2.2 billion | $2.0 billion | 16.4% | 10.8% | ![Bar chart of Ball Corporation revenue by segment for fiscal 2025: Metal Beverage Packaging North and Central America 47.8%, Metal Beverage Packaging Europe 30.3%, Metal Beverage Packaging South America 16.4%.](https://www.getswoopr.com/images/charts/ball-corporation-business-model-segment-mix.webp) *Ball Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## Where Does Ball Corporation's Revenue Come From? Regions follow the definitions in the filing; most companies assign revenue by customer location. | Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | United States | $6.2 billion | $5.5 billion | 46.8% | 12.5% | | Other Geographic Group | $5.5 billion | $4.9 billion | 41.8% | 12.3% | | Brazil | $1.5 billion | $1.4 billion | 11.4% | 5.4% | ## What the Segment Figures Do Not Show The rows above add up to 94% of Ball Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Ball Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0001104659-26-017410), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Ball Corporation's business segments? In its fiscal 2025 Form 10-K, Ball Corporation reports revenue for Metal Beverage Packaging North and Central America, Metal Beverage Packaging Europe and Metal Beverage Packaging South America. ### Which part of Ball Corporation brings in the most revenue? Metal Beverage Packaging North and Central America, with $6.3 billion of revenue in fiscal 2025, or 48% of the total. ### How much of Ball Corporation's revenue comes from outside the United States? 53% in fiscal 2025, by the geographic breakdown Ball Corporation reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies. ## References - [SEC EDGAR: BALL Corp Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/9389/000110465926017410/ball-20251231x10k.htm) - [SEC EDGAR: BALL Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=9389&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Ball Corporation company dossier](https://www.getswoopr.com/stocks/companies/ball-corporation/) - [Ball Corporation financial metrics](https://www.getswoopr.com/stocks/companies/ball-corporation/metrics/) - [Ball Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/ball-corporation/risks/) - [Ball Corporation peer comparison](https://www.getswoopr.com/stocks/companies/ball-corporation/competitors/) - [Ball Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/ball-corporation/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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