O-I Glass (OI)
Market Price (3/2/2026): $13.405 | Market Cap: $2.1 BilSector: Materials | Industry: Metal, Glass & Plastic Containers
O-I Glass (OI)
Market Price (3/2/2026): $13.405Market Cap: $2.1 BilSector: MaterialsIndustry: Metal, Glass & Plastic Containers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldFCF Yield is 8.2% | Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -110% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 207% |
| Low stock price volatilityVol 12M is 44% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.0%, Rev Chg QQuarterly Revenue Change % is -1.9% | |
| Megatrend and thematic driversMegatrends include Sustainable Consumption, Circular Economy & Recycling, and Experience Economy & Premiumization. Themes include Eco-friendly Products, Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% | |
| Key risksOI key risks include [1] a substantial debt load that places it in the distressed zone and [2] declining top-line revenue. |
| Attractive yieldFCF Yield is 8.2% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Sustainable Consumption, Circular Economy & Recycling, and Experience Economy & Premiumization. Themes include Eco-friendly Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -110% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 207% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.0%, Rev Chg QQuarterly Revenue Change % is -1.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% |
| Key risksOI key risks include [1] a substantial debt load that places it in the distressed zone and [2] declining top-line revenue. |
Stock Movement Drivers
Fundamental Drivers
The -0.6% change in OI stock from 11/30/2025 to 3/1/2026 was primarily driven by a -0.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3012026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.48 | 13.40 | -0.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,455 | 6,426 | -0.4% |
| P/S Multiple | 0.3 | 0.3 | -0.6% |
| Shares Outstanding (Mil) | 154 | 153 | 0.4% |
| Cumulative Contribution | -0.6% |
Market Drivers
11/30/2025 to 3/1/2026| Return | Correlation | |
|---|---|---|
| OI | -0.6% | |
| Market (SPY) | 0.4% | 13.5% |
| Sector (XLB) | 19.5% | 45.4% |
Fundamental Drivers
The 3.2% change in OI stock from 8/31/2025 to 3/1/2026 was primarily driven by a 3.3% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3012026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.99 | 13.40 | 3.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,481 | 6,426 | -0.8% |
| P/S Multiple | 0.3 | 0.3 | 3.3% |
| Shares Outstanding (Mil) | 154 | 153 | 0.7% |
| Cumulative Contribution | 3.2% |
Market Drivers
8/31/2025 to 3/1/2026| Return | Correlation | |
|---|---|---|
| OI | 3.2% | |
| Market (SPY) | 6.6% | 12.6% |
| Sector (XLB) | 16.3% | 42.0% |
Fundamental Drivers
The 16.8% change in OI stock from 2/28/2025 to 3/1/2026 was primarily driven by a 17.9% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3012026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.47 | 13.40 | 16.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,530 | 6,426 | -1.6% |
| P/S Multiple | 0.3 | 0.3 | 17.9% |
| Shares Outstanding (Mil) | 154 | 153 | 0.7% |
| Cumulative Contribution | 16.8% |
Market Drivers
2/28/2025 to 3/1/2026| Return | Correlation | |
|---|---|---|
| OI | 16.8% | |
| Market (SPY) | 16.5% | 42.1% |
| Sector (XLB) | 22.1% | 58.9% |
Fundamental Drivers
The -39.7% change in OI stock from 2/28/2023 to 3/1/2026 was primarily driven by a -36.3% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3012026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.22 | 13.40 | -39.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,856 | 6,426 | -6.3% |
| P/S Multiple | 0.5 | 0.3 | -36.3% |
| Shares Outstanding (Mil) | 155 | 153 | 1.1% |
| Cumulative Contribution | -39.7% |
Market Drivers
2/28/2023 to 3/1/2026| Return | Correlation | |
|---|---|---|
| OI | -39.7% | |
| Market (SPY) | 79.6% | 41.8% |
| Sector (XLB) | 37.7% | 54.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OI Return | 1% | 38% | -1% | -34% | 36% | -11% | 10% |
| Peers Return | 2% | -10% | -3% | 5% | 6% | 15% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| OI Win Rate | 50% | 67% | 50% | 33% | 50% | 50% | |
| Peers Win Rate | 53% | 43% | 53% | 53% | 57% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OI Max Drawdown | -8% | -4% | -16% | -39% | -11% | -13% | |
| Peers Max Drawdown | -12% | -27% | -20% | -11% | -18% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CCK, SLGN, AMBP, AMCR, ATR. See OI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/27/2026 (YTD)
How Low Can It Go
| Event | OI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.6% | -25.4% |
| % Gain to Breakeven | 77.2% | 34.1% |
| Time to Breakeven | 400 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -68.8% | -33.9% |
| % Gain to Breakeven | 220.3% | 51.3% |
| Time to Breakeven | 383 days | 148 days |
| 2018 Correction | ||
| % Loss | -66.9% | -19.8% |
| % Gain to Breakeven | 202.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.8% | -56.8% |
| % Gain to Breakeven | 515.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to CCK, SLGN, AMBP, AMCR, ATR
In The Past
O-I Glass's stock fell -43.6% during the 2022 Inflation Shock from a high on 6/2/2021. A -43.6% loss requires a 77.2% gain to breakeven.
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About O-I Glass (OI)
O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
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Here are 1-2 brief analogies to describe O-I Glass (OI):
- They're like the **Ball Corporation** or **Crown Holdings**, but specializing in glass bottles and jars instead of metal cans.
- Think of them as the "Intel Inside" for the glass bottles and jars used by many major food and beverage brands.
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- Glass Bottles: O-I Glass manufactures various glass bottles primarily used for beverages, including beer, wine, spirits, non-alcoholic drinks, and food products.
- Glass Jars: The company produces glass jars for a wide range of food products, such as sauces, jams, and preserves, offering sustainable packaging solutions.
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O-I Glass (symbol: OI) primarily sells its glass container products to other companies (B2B model). According to its U.S. Securities and Exchange Commission filings (e.g., 2023 10-K report), O-I Glass explicitly states: "We do not have any single customer that accounts for 10% or more of our consolidated net sales, nor do we have any single customer that accounts for 10% or more of our net sales in any of our geographic operating segments." Therefore, while no individual customer is disclosed as "major" in the financial reporting sense, O-I Glass serves a diverse global customer base across several key industries. Its major customers can be understood by these industry segments, which include leading brands that utilize glass packaging. Below are the primary categories of customers and illustrative examples of large public companies within these sectors that would typically purchase glass containers from manufacturers like O-I Glass:- Alcoholic Beverage Companies: Manufacturers of beer, wine, and spirits.
- Anheuser-Busch InBev (BUD)
- Constellation Brands Inc. (STZ)
- Diageo plc (DEO)
- Molson Coors Beverage Company (TAP)
- Food and Non-Alcoholic Beverage Companies: Producers of food items (e.g., sauces, baby food, jarred goods) and premium non-alcoholic beverages.
- The Coca-Cola Company (KO)
- The Kraft Heinz Company (KHC)
- Nestlé S.A. (NSRGY)
- Pharmaceutical Companies: Manufacturers of medicines and other healthcare products that require glass vials and bottles.
- While specific customer names are not publicly disclosed, companies like Pfizer Inc. (PFE) and Johnson & Johnson (JNJ) represent the type of major pharmaceutical enterprises that are end-users of such specialized glass packaging, often sourced through contract manufacturers or directly.
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```htmlGordon Hardie, Chief Executive Officer
Gordon Hardie was named CEO and President of O-I Glass on May 15, 2024. Before this role, he served on the O-I Board for nearly nine years. He brings over 35 years of experience in the packaged food and beverage industry. Hardie previously served as President, Food & Ingredients at Bunge Limited, a global agribusiness and food company. He also held positions as Chairman at MagrowTec and Managing Director at Morningside Partners.
John Haudrich, Senior Vice President and Chief Financial Officer
John Haudrich was appointed CFO in April 2019. He joined O-I in 2009 and has held various financial and strategic leadership roles within the company, including Chief Strategy and Integration Officer from 2015 to 2019, Vice President of Investor Relations from 2009 to 2011, Vice President of Finance and Corporate Controller from 2011 to 2015, and Acting CFO in 2015. Haudrich leads O-I's financial strategy and integration functions, overseeing strategy, execution, performance management, and financial decision-making.
Darrow A. Abrahams, Senior Vice President, General Counsel and Corporate Secretary
Darrow Abrahams leads O-I's global legal team, managing all legal matters for the company, and also serves as corporate secretary, responsible for O-I's Ethics and Compliance function. He joined O-I in November 2012, after several years as an attorney in Chicago where his primary focus was litigation and dispute resolution. He was appointed to his current position in September 2020, having previously served as the company's Deputy General Counsel.
Arnaud Aujouannet, Senior Vice President and Chief Sales and Marketing Officer
Arnaud Aujouannet is responsible for O-I's sales and marketing efforts, focusing on enhancing commercial productivity, product innovation, market knowledge, and customer support. He joined O-I in June 2015, serving as Vice President of Sales and Marketing in Europe before his appointment to his current role in 2017. Aujouannet has over 20 years of international and leadership experience in sales, marketing, and innovation from previous roles at companies such as Procter & Gamble (P&G) and Gillette.
James Dalton, Senior Vice President, Chief Human Resources & Technology Officer
James Dalton leads both the IT and Digitalization functions, alongside Human Resources for O-I. He began his career with O-I in 2017. Prior to joining O-I, Dalton had a 17-year career at the Kellogg Company, where he held roles including Senior Director of HR for the North American Supply Chain and HR Director for Australia and New Zealand. Within O-I, he previously served as Vice President, Global Change and Integration, and Vice President, Global Human Resources.
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O-I Glass (symbol: OI) faces several significant risks to its business operations. The most prominent challenges stem from its substantial financial leverage, exposure to global economic volatility, and fluctuating operational costs.Key Risks to O-I Glass:
- High Debt Load: O-I Glass carries a significant amount of debt, with a high debt-to-equity ratio of approximately 3.86 as of November 2025, compared to an industry average of around 1.51. This substantial leverage, coupled with an Altman Z-Score in the distressed zone (1.15), indicates a heightened risk of financial instability and limits the company's flexibility. The company also faces considerable short-term and long-term liabilities, with total debt around $4.95 billion as of mid-2025.
- Global Macroeconomic and Market Volatility: The company is highly susceptible to external macroeconomic risks, including potential tariffs and retaliatory tariffs that could disrupt its global supply chain and pricing model. Given that roughly 70% of its revenue is generated from international markets, currency fluctuations pose a constant threat to reported earnings. Additionally, O-I Glass has experienced pressure on its top-line growth, with a decline in trailing twelve months (TTM) revenue. The business is also exposed to the seasonality of customer demand and broader market pressures impacting sales volumes and pricing.
- Volatile Raw Material and Energy Costs: O-I Glass's manufacturing process is capital-intensive and requires a continuous supply of raw materials like sand, soda ash, and limestone, as well as significant amounts of energy, principally natural gas, fuel oil, and electrical power. Energy costs typically account for 10% to 20% of total manufacturing costs, and their percentage can vary significantly due to market price volatility. Fluctuations in the availability and cost of these essential inputs can directly impact the company's production costs and profitability.
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Increased substitution by alternative packaging materials, particularly aluminum, in categories traditionally dominated by glass. Brands are increasingly adopting aluminum cans for wine, spirits, and premium non-alcoholic beverages due to advantages in portability, lighter weight, resistance to breakage, and perceived recyclability, directly impacting glass market share.
Accelerated pressure from brand owners to reduce Scope 3 emissions across their supply chains. As major consumer packaged goods (CPG) companies intensify their decarbonization efforts and set aggressive net-zero targets, the energy-intensive manufacturing process of glass comes under increased scrutiny. If competing packaging materials or their suppliers can demonstrate significantly lower embedded carbon footprints or faster progress towards net-zero goals, it could drive a shift away from glass despite its other benefits.
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O-I Glass (symbol: OI) operates in the global glass packaging market, primarily manufacturing glass containers such as bottles and jars for the food and beverage, pharmaceutical, and cosmetic industries. The addressable market for O-I Glass can be characterized by the overall glass packaging market size across its key operating regions.
Global Addressable Market
- The global glass packaging market was valued at approximately USD 71.80 billion in 2024 and is projected to grow to USD 145.34 billion by 2035, demonstrating a compound annual growth rate (CAGR) of 6.62%.
- Other estimates indicate the global glass packaging market size to be around USD 78.48 billion in 2024, with a projection to reach USD 102.31 billion by 2030.
- Another report valued the global glass packaging market at USD 64.97 billion in 2023, expecting it to reach USD 93.69 billion by 2032.
- In 2025, the global glass packaging market is estimated to be between USD 65 billion and USD 70 billion, with expectations to reach USD 95 billion to USD 100 billion by 2032.
Regional Addressable Markets
- Asia-Pacific: This region holds a significant share of the global market. In 2023, Asia-Pacific dominated the glass packaging market with a market share of 38.06%. The market size in Asia-Pacific is projected to increase from US$27.27 billion in 2025 to US$33.84 billion by 2030. The Asia-Pacific glass packaging market was valued at USD 18.45 billion in 2024 and is anticipated to reach USD 33.82 billion by 2033.
- North America: The North American glass packaging market is estimated to be worth USD 11.42 billion in 2024 and is predicted to reach USD 15.71 billion by 2033. Another projection states the North American glass packaging market is expected to grow to US$19.66 billion in 2029 from US$16.97 billion in 2024.
- Europe: The European glass packaging market was valued at USD 22.08 billion in 2024 and is expected to reach USD 29.55 billion by 2033. Other estimates project the European market to grow from USD 22.8 billion in 2025 to USD 52.4 billion by 2035.
The primary driver for these markets is the increasing demand for glass packaging, especially for alcoholic and non-alcoholic beverages, food products, and pharmaceuticals, driven by consumer preference for sustainable and eco-friendly packaging solutions.
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O-I Glass (symbol: OI) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market dynamics:
- Price Increases and Favorable Mix: The company anticipates stable net sales, partly sustained by higher average selling prices and a favorable product mix. This disciplined approach to pricing, including tighter mix management, helps maintain a stable top-line despite varying consumer demand.
- Growth in Targeted Product Categories: O-I Glass is experiencing revenue growth in specific market segments, particularly non-alcoholic beverages, food, and ready-to-drink (RTD) categories. The company aims to expand its business in these attractive and growing areas, offsetting declines in other segments like beer and wine.
- Strategic Portfolio Optimization and Premiumization: O-I Glass is focused on building higher-quality revenue streams by prioritizing economically profitable volumes and exiting unprofitable business. This involves a strategic shift towards a more premium business portfolio and enhanced returns rather than solely volume growth.
- Operational Excellence through the "Fit to Win" Program: While primarily a cost-saving initiative, the "Fit to Win" program indirectly drives revenue growth by significantly reducing total enterprise costs, improving competitive positioning, and enabling higher production efficiency. The program delivers a "higher quality business mix" and supports management's ability to drive profitable growth.
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Capital Expenditures
- O-I Glass reported capital expenditures of $688 million in 2023 and $617 million in 2024.
- The company anticipates capital expenditures for 2025 to be between $400 million and $450 million.
- Capital expenditures have primarily focused on developing and deploying MAGMA technology, including a multi-phase investment of up to $240 million for a new greenfield facility in Bowling Green, Kentucky. However, the MAGMA program was subsequently halted in 2025, with a shift towards the "Fit to Win" program, focusing on operational efficiency and premium glass production at lower capital intensity. Investments also include initiatives for sustainability, such as enhancing plant infrastructure, developing recycling ecosystems, and adopting advanced furnace technologies to reduce emissions and increase recycled content.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| O-I Glass Earnings Notes | 12/28/2026 | |
| Would You Still Hold O-I Glass Stock If It Fell Another 30%? | 10/17/2025 | |
| O-I Glass (OI) EBITDA Comparison | 08/08/2025 | |
| O-I Glass (OI) Net Income Comparison | 08/08/2025 | |
| O-I Glass (OI) Operating Cash Flow Comparison | 08/08/2025 | |
| O-I Glass (OI) Debt Comparison | 08/08/2025 | |
| O-I Glass (OI) Revenue Comparison | 08/08/2025 | |
| O-I Glass (OI) Tax Expense Comparison | 08/08/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to OI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01312026 | IP | International Paper | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 9.1% | 9.1% | 0.0% |
| 01302026 | B | Barrick Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 11.7% | 11.7% | -4.0% |
| 12312025 | AMR | Alpha Metallurgical Resources | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -18.6% | -18.6% | -18.6% |
| 12262025 | EMN | Eastman Chemical | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 18.9% | 18.9% | 0.0% |
| 12122025 | AMCR | Amcor | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 19.2% | 19.2% | -0.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.24 |
| Mkt Cap | 4.8 |
| Rev LTM | 6,426 |
| Op Inc LTM | 620 |
| FCF LTM | 295 |
| FCF 3Y Avg | 300 |
| CFO LTM | 600 |
| CFO 3Y Avg | 636 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | 2.4% |
| Rev Chg Q | 11.1% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 9.7% |
| Op Mgn 3Y Avg | 9.8% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 9.3% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 4.1% |
| FCF/Rev 3Y Avg | 5.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.8 |
| P/S | 0.7 |
| P/EBIT | 8.0 |
| P/E | 15.1 |
| P/CFO | 9.9 |
| Total Yield | 7.5% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 1.2 |
| Net D/E | 1.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.7% |
| 3M Rtn | 17.0% |
| 6M Rtn | 9.8% |
| 12M Rtn | 9.1% |
| 3Y Rtn | 13.6% |
| 1M Excs Rtn | 11.9% |
| 3M Excs Rtn | 15.9% |
| 6M Excs Rtn | 3.8% |
| 12M Excs Rtn | -6.2% |
| 3Y Excs Rtn | -60.0% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $13.40 | |
| Market Cap ($ Bil) | 2.0 | |
| First Trading Date | 12/11/1991 | |
| Distance from 52W High | -19.4% | |
| 50 Days | 200 Days | |
| DMA Price | $15.21 | $13.84 |
| DMA Trend | up | up |
| Distance from DMA | -11.9% | -3.2% |
| 3M | 1YR | |
| Volatility | 44.4% | 44.4% |
| Downside Capture | 80.76 | 108.76 |
| Upside Capture | 74.86 | 107.77 |
| Correlation (SPY) | 14.9% | 42.3% |
OI Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.17 | 0.60 | 0.58 | 0.50 | 0.97 | 1.18 |
| Up Beta | 0.17 | -0.07 | -0.48 | -0.40 | 0.96 | 1.25 |
| Down Beta | 1.75 | 1.25 | 0.69 | 0.24 | 0.84 | 0.94 |
| Up Capture | -166% | -3% | 73% | 77% | 109% | 100% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 23 | 35 | 66 | 131 | 378 |
| Down Capture | 12% | 95% | 82% | 88% | 104% | 109% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 18 | 26 | 57 | 117 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OI | |
|---|---|---|---|---|
| OI | 15.9% | 44.5% | 0.46 | - |
| Sector ETF (XLB) | 22.4% | 20.7% | 0.87 | 59.2% |
| Equity (SPY) | 16.5% | 19.4% | 0.66 | 42.3% |
| Gold (GLD) | 81.3% | 25.7% | 2.29 | 8.3% |
| Commodities (DBC) | 13.4% | 16.9% | 0.58 | 17.5% |
| Real Estate (VNQ) | 7.3% | 16.6% | 0.25 | 46.8% |
| Bitcoin (BTCUSD) | -22.0% | 44.9% | -0.42 | 17.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OI | |
|---|---|---|---|---|
| OI | 1.6% | 44.0% | 0.18 | - |
| Sector ETF (XLB) | 9.3% | 18.9% | 0.38 | 56.3% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 45.5% |
| Gold (GLD) | 23.5% | 17.1% | 1.12 | 9.2% |
| Commodities (DBC) | 10.6% | 19.0% | 0.44 | 14.5% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 39.2% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | 18.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OI | |
|---|---|---|---|---|
| OI | -0.4% | 48.0% | 0.18 | - |
| Sector ETF (XLB) | 12.3% | 20.6% | 0.53 | 58.0% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 49.3% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 2.1% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 24.0% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 42.6% |
| Bitcoin (BTCUSD) | 65.8% | 66.8% | 1.05 | 11.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | -4.9% | -8.5% | |
| 11/4/2025 | 14.2% | 10.8% | 22.2% |
| 7/29/2025 | -12.5% | -10.2% | -9.9% |
| 4/29/2025 | 4.2% | 8.2% | 8.4% |
| 2/4/2025 | 2.8% | -0.8% | -1.1% |
| 10/29/2024 | -7.2% | -3.9% | 2.0% |
| 7/30/2024 | 15.0% | -2.9% | 10.7% |
| 4/30/2024 | -15.9% | -10.5% | -15.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 13 |
| # Negative | 13 | 13 | 11 |
| Median Positive | 9.6% | 6.6% | 10.7% |
| Median Negative | -5.3% | -6.9% | -9.9% |
| Max Positive | 15.0% | 15.8% | 29.3% |
| Max Negative | -15.9% | -10.5% | -24.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 04/26/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Haudrich, John | SVP & Chief Financial Officer | Direct | Buy | 8072025 | 13.05 | 2,289 | 29,879 | 5,996,575 | Form |
| 2 | Abrahams, Darrow A | SVP, GC & Corporate Secretary | Direct | Buy | 8072025 | 13.05 | 3,828 | 49,952 | 2,406,886 | Form |
| 3 | Hardie, Gordon | President & CEO | Direct | Buy | 8072025 | 13.10 | 8,000 | 104,805 | 6,757,512 | Form |
| 4 | Aujouannet, Arnaud | SVP & Chief Sales & Marketing | Direct | Sell | 5092025 | 12.95 | 1,237 | 16,021 | 1,831,772 | Form |
| 5 | Aujouannet, Arnaud | SVP & Chief Sales & Marketing | Direct | Sell | 5092025 | 13.00 | 28,763 | 373,968 | 1,464,876 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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