📊 OI Key Takeaways
Is O-I Glass, Inc. /DE/ (OI) a Good Investment?
O-I Glass faces severe financial distress with negative profitability deteriorating YoY, unsustainable debt leverage (3.35x Debt/Equity) on a flat-revenue base, and critically negative operating cash flow indicating the company cannot service its 4.8B debt burden from operations. The inability to generate positive cash flow while maintaining capital expenditures signals potential liquidity crisis ahead.
Fundamentals are strained: flat revenue, negative operating income, and worsening net losses point to persistent margin pressure. High leverage with negative interest coverage elevates refinancing and solvency risk despite a decent cash balance and modest positive free cash flow. Until sustainable operating profitability and coverage improve, the risk/reward skews unfavorably.
O-I Glass, Inc. /DE/ Key Strengths (OI)
- Current ratio of 1.26x provides near-term liquidity cushion above critical threshold
- Cash position of 317M provides temporary buffer for near-term obligations
- Established market position in glass containers industry with 1.5B in revenue base
- Stable revenue base with positive operating cash flow
- Positive free cash flow despite losses
- Adequate liquidity with cash on hand and 1.25x current ratio
OI Stock Risks: O-I Glass, Inc. /DE/ Investment Risks
- Operating cash flow of -294M indicates business cannot generate cash to service 4.8B debt obligation
- Interest coverage ratio of -0.7x shows complete inability to cover debt service from operations
- Net income deteriorating -25.2% YoY with negative operating margins of -3.4% suggest structural business problems
- Debt/Equity of 3.35x with negative free cash flow creates imminent refinancing and solvency risk
- Zero revenue growth (+0.0% YoY) with only 12.9% gross margins leaves no room for debt support
- Free cash flow of -436M at -28.3% FCF margin indicates capital structure is unsustainable
- High leverage (3.74x D/E) with negative interest coverage
- Operating and net losses with weak margins
- Potential refinancing/liquidity stress if cash flow weakens
Key Metrics to Watch
- Operating cash flow trend and path to positive FCF generation
- Debt refinancing capabilities and access to capital markets
- Revenue growth trajectory and gross margin expansion initiatives
- Cash burn rate and runway on existing 317M cash balance
- Interest coverage ratio movement toward solvency threshold
- Operating margin
- Interest coverage
O-I Glass, Inc. /DE/ (OI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
O-I Glass, Inc. /DE/ presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
OI Profit Margin, ROE & Profitability Analysis
OI vs Materials Sector: How O-I Glass, Inc. /DE/ Compares
How O-I Glass, Inc. /DE/ compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is O-I Glass, Inc. /DE/ Stock Overvalued? OI Valuation Analysis 2026
Based on fundamental analysis, O-I Glass, Inc. /DE/ shows some fundamental concerns relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
O-I Glass, Inc. /DE/ Balance Sheet: OI Debt, Cash & Liquidity
OI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: O-I Glass, Inc. /DE/'s revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $-0.67 indicates the company is currently unprofitable.
OI Revenue Growth, EPS Growth & YoY Performance
OI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.5B | -$16.0M | $-0.10 |
| Q3 2025 | $1.7B | $9.0M | $0.06 |
| Q2 2025 | $1.7B | -$5.0M | $-0.03 |
| Q1 2025 | $1.6B | -$16.0M | $-0.10 |
| Q3 2024 | $1.7B | $48.0M | $0.31 |
| Q2 2024 | $1.7B | $57.0M | $0.36 |
| Q1 2024 | $1.6B | $72.0M | $0.45 |
| Q3 2023 | $1.7B | $51.0M | $0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
O-I Glass, Inc. /DE/ Dividends, Buybacks & Capital Allocation
OI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for O-I Glass, Inc. /DE/ (CIK: 0000812074)
📋 Recent SEC Filings
❓ Frequently Asked Questions about OI
What is the AI rating for OI?
O-I Glass, Inc. /DE/ (OI) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are OI's key strengths?
Claude: Current ratio of 1.26x provides near-term liquidity cushion above critical threshold. Cash position of 317M provides temporary buffer for near-term obligations. ChatGPT: Stable revenue base with positive operating cash flow. Positive free cash flow despite losses.
What are the risks of investing in OI?
Claude: Operating cash flow of -294M indicates business cannot generate cash to service 4.8B debt obligation. Interest coverage ratio of -0.7x shows complete inability to cover debt service from operations. ChatGPT: High leverage (3.74x D/E) with negative interest coverage. Operating and net losses with weak margins.
What is OI's revenue and growth?
O-I Glass, Inc. /DE/ reported revenue of $1.5B.
Does OI pay dividends?
O-I Glass, Inc. /DE/ pays dividends, with $8.0M distributed to shareholders in the trailing twelve months.
Where can I find OI SEC filings?
Official SEC filings for O-I Glass, Inc. /DE/ (CIK: 0000812074) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is OI's EPS?
O-I Glass, Inc. /DE/ has a diluted EPS of $-0.48.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is OI's fundamental grade?
Based on our AI fundamental analysis in May 2026, O-I Glass, Inc. /DE/ has a C grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is OI stock overvalued or undervalued?
Valuation metrics for OI: ROE of -5.1% (sector avg: 14%), net margin of -4.7% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is OI's AI grade for 2026?
Our dual AI analysis gives O-I Glass, Inc. /DE/ a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is OI's free cash flow?
O-I Glass, Inc. /DE/'s operating cash flow is $-294.0M, with capital expenditures of $142.0M. FCF margin is -28.3%.
How does OI compare to other Materials stocks?
Vs Materials sector averages: Net margin -4.7% (avg: 10%), ROE -5.1% (avg: 14%), current ratio 1.26 (avg: 1.6).
Is O-I Glass, Inc. /DE/ carrying too much debt?
OI has a debt-to-equity ratio of 3.35x, which is above the Materials sector average of 0.6x. However, the current ratio of 1.26 suggests adequate short-term liquidity.