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
DateValue
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%