O-I Glass (OI) Gross Margin (2009 - 2026)
O-I Glass (OI) reported Gross Margin of 12.92% for Q1 2026, down 495.0% on a YoY basis from 3.27% in Q1 2025, and down 15.73% quarter-over-quarter from 15.33% in Q4 2025.
O-I Glass (OI) Gross Margin (2009 - 2026) Analysis & Trends
O-I Glass has reported Gross Margin for 18 years, with the latest figure at 12.92% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 495.0% year-over-year to 12.92%; the trailing twelve-month figure through Mar 2026 stood at 16.07% (up 60.0% YoY), and the FY2025 full-year result was 17.26%, up 126.0% from the prior year.
- Gross Margin for Q1 2026 stood at 12.92%, down from 15.33% in the prior quarter.
- The five-year high for Gross Margin was 26.43% in Q1 2023, with the low at 12.81% in Q3 2024.
- Historically, Gross Margin has averaged 17.64% across 5 years, with a median of 17.87% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin surged 847 bps — and 2024, when it tumbled 808 bps.
- O-I Glass' Gross Margin stood at 15.3% in 2022, then declined by 8 bps to 14.08% in 2023, then fell by 3 bps to 13.6% in 2024, then advanced by 13 bps to 15.33% in 2025, then fell by 16 bps to 12.92% in 2026.
- The last three Gross Margin figures came in at 12.92% (Q1 2026), 15.33% (Q4 2025), and 18.15% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 21.64 Bn | 20.99 Bn | 1.27 Bn | 16.44% |
| 2 | Packaging Corp Of America | 20.07 Bn | 19.53 Bn | 452.90 Mn | 19.13% |
| 3 | International Paper | 18.03 Bn | 16.73 Bn | 1.73 Bn | 28.92% |
| 4 | Amcor | 17.99 Bn | 16.41 Bn | 1.19 Bn | 20.12% |
| 5 | Ball | 14.38 Bn | 13.50 Bn | 646.00 Mn | 17.93% |
| 6 | Avery Dennison | 12.23 Bn | 11.97 Bn | 664.80 Mn | 28.92% |
| 7 | Crown Holdings | 10.71 Bn | 10.62 Bn | 644.00 Mn | 19.76% |
| 8 | Sonoco Products | 4.95 Bn | 4.75 Bn | 345.63 Mn | 20.62% |
| 9 | Reynolds Consumer Products | 4.85 Bn | 4.78 Bn | 207.00 Mn | 23.60% |
| 10 | O-I Glass | 1.27 Bn | 932.85 Mn | 199.00 Mn | 12.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.92% |
| Dec 31, 2025 | 15.33% |
| Sep 30, 2025 | 18.15% |
| Jun 30, 2025 | 17.53% |
| Mar 31, 2025 | 17.87% |
| Dec 31, 2024 | 13.60% |
| Sep 30, 2024 | 12.81% |
| Jun 30, 2024 | 17.52% |
| Mar 31, 2024 | 19.96% |
| Dec 31, 2023 | 14.08% |
| Sep 30, 2023 | 20.88% |
| Jun 30, 2023 | 22.01% |
| Mar 31, 2023 | 26.43% |
| Dec 31, 2022 | 15.30% |
| Sep 30, 2022 | 19.20% |
| Jun 30, 2022 | 18.28% |
| Mar 31, 2022 | 17.97% |
| Dec 31, 2021 | 14.93% |
| Sep 30, 2021 | 18.77% |
| Jun 30, 2021 | 18.43% |