Crown Holdings, Inc.CCK
NYSE•Consumer Cyclical•Packaging & Containers
Crown Holdings, Inc., together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, food and aerosol cans, and ends and closures. It provides manual, semi-automatic, and automatic equipment and tools to apply and remove consumables, such as straps and films; protective solutions, including airbags, edge protectors, and honeycomb products; and steel and plastic consumables include steel strap, plastic strap, industrial film, and other related products. It serves food industries, including pet food, personal care, household, and industrial products. Crown Holdings, Inc. was founded in 1892 and is headquartered in Tampa, Florida.
Crown Holdings, Inc. (CCK) reported trailing twelve months revenue of $12.74B as of March 2026, a 7.0% increase year-over-year. Quarterly revenue reached $3.26B, reflecting continued top-line momentum.
Crown Holdings, Inc. generated $720.00M in TTM net income, with quarterly EBITDA of $601.00M. The operating margin contracted from 12.6% to 11.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (11.2%) and net margin (5.4%) indicates moderate non-operating costs. Net margin has narrowed from 6.7% a year ago, reflecting increased costs or interest expense.
CCK trades at a P/E of 15.3x (in line with broad market averages) and a P/S of 0.9x. The price-to-book ratio of 3.8x reflects a moderate premium to book value.
The company reported negative free cash flow of $-141.00M, indicating cash consumption over the period. The balance sheet shows $14.30B in total assets with $5.70B in long-term debt against $2.92B in stockholders equity for a debt-to-equity ratio of 2.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~12.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 19.6% but has fluctuated — the competitive advantage may be cyclical or emerging.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~8.4% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 5.5% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 2.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 6.4% — net buybacks are reducing shares outstanding and boosting per-share value.