O-I Glass (OI) Operating Margin (2009 - 2026)
O-I Glass' Operating Margin was -49.58% in Q2 2026, down 49.99 percentage points from 0.41% a year earlier and down 46.14 percentage points from the prior quarter.
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Analysis
O-I Glass (OI) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, O-I Glass' Operating Margin was -0.93% through Jun 30, 2026, up 1.49 percentage points year-over-year; for FY2025, it came in at 13.17%, up 12.58 percentage points from FY2024.
- Operating Margin shows a five-year change of +7.37 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 0.58% in FY2024 (-0.36 pp), 0.94% in FY2023 (-10.80 pp), 11.74% in FY2022 (+6.52 pp) and 5.22% in FY2021 (-0.57 pp).
- The Q2 2026 figure marks the lowest quarterly Operating Margin in data going back to Q1 2009.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of +1.26 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2025 (a gain of 59.04 percentage points); the worst was Q2 2026 (a drop of 49.99 percentage points).
- Per Business Quant data, OI's Operating Margin in the three quarters before Q2 2026 was -3.44% (Q1 2026), 50.87% (Q4 2025) and 3.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.02 Bn | 20.06 Bn | 1.44 Bn | 5.97% |
| 2 | Packaging Corp Of America | 22.34 Bn | 19.92 Bn | 603.90 Mn | 14.81% |
| 3 | Amcor | 20.65 Bn | 16.06 Bn | 1.16 Bn | 7.41% |
| 4 | International Paper | 18.58 Bn | 14.66 Bn | 1.93 Bn | 14.88% |
| 5 | Ball | 17.38 Bn | 14.54 Bn | 709.00 Mn | -0.96% |
| 6 | Crown Holdings | 13.22 Bn | 10.58 Bn | 724.00 Mn | 11.91% |
| 7 | Sonoco Products | 4.88 Bn | 3.93 Bn | 405.32 Mn | -31.25% |
| 8 | Silgan Holdings | 4.38 Bn | 2.19 Bn | 328.59 Mn | 9.35% |
| 9 | Graphic Packaging Holding | 3.20 Bn | 2.20 Bn | 307.00 Mn | 4.61% |
| 10 | O-I Glass | 781.36 Mn | -1.01 Bn | 195.00 Mn | 2.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.09% |
| Jun 30, 2026 | -49.58% |
| Mar 31, 2026 | -3.44% |
| Dec 31, 2025 | 50.87% |
| Sep 30, 2025 | 3.51% |
| Jun 30, 2025 | 0.41% |
| Mar 31, 2025 | 1.15% |
| Dec 31, 2024 | -8.18% |
| Sep 30, 2024 | -3.39% |
| Jun 30, 2024 | 6.02% |
| Mar 31, 2024 | 7.34% |
| Dec 31, 2023 | -26.75% |
| Sep 30, 2023 | 4.70% |
| Jun 30, 2023 | 8.15% |
| Mar 31, 2023 | 14.75% |
| Dec 31, 2022 | 1.71% |
| Sep 30, 2022 | 16.42% |
| Jun 30, 2022 | 18.45% |
| Mar 31, 2022 | 10.05% |
| Dec 31, 2021 | 4.54% |
API Access
O-I Glass Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=OI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "OI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=OI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();