OI
Consumer CyclicalO-I Glass, Inc. · Packaging & Containers · $1B
What is O-I Glass, Inc.?
O-I Glass is one of the world's largest manufacturers of glass containers, supplying food and beverage companies across the Americas, Europe, and Asia Pacific. Founded in 1903 and headquartered in Perrysburg, Ohio, the company has a long industrial heritage in glass packaging.
O-I Glass manufactures glass containers sold directly to food and beverage producers under annual or multi-year supply agreements, and through distributors. Its products serve alcoholic beverage makers — including beer, spirits, and wine producers — as well as companies packaging soft drinks, juices, tea, food items, and pharmaceuticals. The company offers containers across a wide range of sizes, shapes, and colors, competing primarily on scale, customer relationships, and manufacturing footprint across multiple continents.
O-I Glass traces its origins to 1903 and is headquartered in Perrysburg, Ohio.
- Glass bottles for beer, wine, and spirits
- Glass packaging for food and soft drinks
- Pharmaceutical glass containers
- Custom sizes, shapes, and colors for brand differentiation
- Multi-year supply agreements with major beverage brands
Is OI a Good Stock to Buy?
UQS Score rates OI as Below Average overall, reflecting broad weakness across most of the five evaluation pillars.
The one area where OI stands out relative to its profile is Valuation — rated Attractive — suggesting the market may already be pricing in many of the company's challenges. For investors focused on value-oriented screening, this is the primary point of interest in the current UQS assessment.
Quality, Moat, Growth, and Risk are all rated Weak, pointing to structural headwinds including limited pricing power, a capital-intensive business model, and constrained earnings trajectory.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does OI pay dividends?
No — O-I Glass, Inc. does not currently pay a dividend.
O-I Glass does not currently pay a dividend. Given the company's capital-intensive manufacturing operations and the financial pressures reflected in its UQS Risk pillar, cash is likely prioritized toward debt management and operational investment rather than shareholder distributions. Income-focused investors should factor this into their assessment.
When does OI report earnings?
O-I Glass reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's earnings profile reflects the challenges visible in its UQS pillar ratings — particularly around quality and growth. Revenue trends have faced pressure from shifting consumer preferences and input cost dynamics across its global manufacturing network.
For the most recent quarter's results and upcoming reporting dates, visit O-I Glass's investor relations page directly.
OI Price History
-42.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in O-I Glass, Inc.?
Based on O-I Glass, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
OI Long-term Outlook
The UQS Growth pillar for OI is rated Weak, indicating limited near-term expansion potential based on fundamental indicators. The Risk pillar is similarly Weak, which suggests the path forward carries meaningful uncertainty — including exposure to commodity costs, debt levels, and demand variability in the glass packaging market. The Attractive Valuation rating introduces a counterpoint: if operational conditions stabilize, the current price may reflect a discounted entry relative to intrinsic fundamentals.
Growth drivers
- Potential recovery in premium spirits and wine packaging demand
- Long-term supply agreements providing baseline revenue stability
- Ongoing cost and capacity optimization across global plants
Key risks
- High capital intensity and debt load constraining financial flexibility
- Secular shift toward alternative packaging materials reducing glass demand
- Input cost volatility across energy and raw materials
OI vs Peers
O-I Glass operates in a competitive packaging landscape alongside companies offering both glass and alternative container solutions.
TriMas operates across diversified packaging and aerospace segments, giving it broader end-market exposure than OI's glass-focused model.
Ardagh Metal Packaging focuses on aluminum cans rather than glass, directly competing for beverage brand packaging budgets with a lighter-weight alternative.
Winpak specializes in flexible and rigid plastic packaging for perishable food and medical products, serving different end markets than OI's glass containers.
Frequently Asked Questions
What does O-I Glass do?
O-I Glass manufactures glass containers for food and beverage companies worldwide. Its products include bottles for beer, wine, spirits, soft drinks, juices, and food packaging, as well as containers for pharmaceuticals. The company sells directly to customers under supply agreements and through distributors across the Americas, Europe, and Asia Pacific.
Does OI pay dividends?
O-I Glass does not currently pay a dividend. The company's capital-intensive operations and financial profile suggest available cash is directed toward managing debt and sustaining manufacturing infrastructure rather than shareholder distributions. Investors seeking income should look elsewhere in the packaging sector.
When does OI report earnings?
O-I Glass follows a standard quarterly earnings cadence for US-listed companies. For confirmed dates and the most recent financial results, check the investor relations section of the O-I Glass corporate website directly.
Is OI a good stock to buy?
UQS Score rates OI as Below Average, with Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is rated Attractive, which may interest contrarian or value-oriented investors. Whether that valuation discount compensates for the fundamental weaknesses depends on individual risk tolerance and investment goals.
Is OI overvalued?
Based on the UQS Valuation pillar, OI is rated Attractive — meaning the stock does not appear overvalued relative to its fundamentals. In fact, the market appears to have priced in many of the company's challenges. Pro members can view the full valuation metrics behind this rating.
How does OI compare to its competitors?
O-I Glass competes with packaging companies including TriMas Corporation, Ardagh Metal Packaging, and Winpak. Unlike metal or flexible packaging rivals, OI is purely focused on glass — a material facing long-term substitution pressure. The UQS platform provides side-by-side pillar comparisons for Pro members.
What is OI's market cap bracket?
O-I Glass is classified as a small-cap company. This places it below large-cap packaging peers in terms of market size, which can mean lower liquidity and higher sensitivity to sector-level headwinds compared to larger industrial manufacturers.
Who founded O-I Glass?
O-I Glass traces its corporate roots to 1903, making it one of the oldest glass container manufacturers in the world. The company's full founding history and leadership evolution are publicly documented on its corporate and investor relations pages.
Is OI a long-term quality investment?
As a long-term quality indicator, the UQS Score for OI is Below Average. The Weak ratings on Moat and Quality pillars suggest the company lacks the durable competitive advantages and financial consistency typically associated with high-conviction long-term holdings. The Attractive Valuation may offer a margin of safety, but structural risks remain.
What is the main competitive advantage of O-I Glass?
O-I Glass benefits from its global manufacturing scale and long-standing customer relationships, often secured through multi-year supply agreements. However, the UQS Moat pillar rates this advantage as Weak, reflecting the commoditized nature of glass container production and the growing competition from alternative packaging materials.
What sector does OI belong to?
O-I Glass is classified under the Consumer Cyclical sector. As a packaging supplier to food and beverage companies, its performance is tied to consumer spending patterns and the health of the broader food, beverage, and spirits industries it serves.
Is OI a growth stock or value stock?
Based on UQS pillar ratings, OI leans toward the value category — the Growth pillar is rated Weak while Valuation is rated Attractive. This profile is more consistent with a distressed-value or turnaround framing than a growth investment thesis.
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Pro Analysis
OI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 8, 2026 | 35.2 | 10.9 | 25.0 | 27.5 | 38.3 | 100.0 | -0.7 |
| May 4, 2026 | 35.9 | 32.5 | 25.0 | 26.9 | 8.0 | 99.5 | +0.1 |
| May 2, 2026 | 35.8 | 32.5 | 25.0 | 26.6 | 8.0 | 99.5 | 0.0 |
| Apr 19, 2026 | 35.8 | 32.5 | 25.0 | 26.4 | 8.0 | 99.5 | 0.0 |
| Apr 18, 2026 | 35.8 | 32.5 | 25.0 | 26.3 | 8.0 | 99.3 | -0.1 |
| Apr 2, 2026 | 35.9 | 32.5 | 25.0 | 26.4 | 8.0 | 100.0 | — |
OI — Pillar Breakdown
Quality
— 20.7/100 (25%)O-I Glass, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 27.5/100 (20%)O-I Glass, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 7.9/100 (15%)O-I Glass, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.2/100 (15%)O-I Glass, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)O-I Glass, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OI.
Score Composition
Financial Data
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How is the OI UQS Score Calculated?
The UQS (Unified Quality Score) for O-I Glass, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses O-I Glass, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether O-I Glass, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.