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Side-by-side financial comparison of Ball Corporation (BALL) and Quanex Building Products CORP (NX). Click either name above to swap in a different company.

Ball Corporation is the larger business by last-quarter revenue ($3.3B vs $495.3M, roughly 6.8× Quanex Building Products CORP). Ball Corporation runs the higher net margin — 6.0% vs -55.7%, a 61.7% gap on every dollar of revenue. On growth, Quanex Building Products CORP posted the faster year-over-year revenue change (76.7% vs 16.2%). Ball Corporation produced more free cash flow last quarter ($1.0B vs $46.2M). Over the past eight quarters, Quanex Building Products CORP's revenue compounded faster (29.5% CAGR vs 7.9%).

Ball Corporation is a leading global provider of innovative, sustainable aluminum packaging solutions for beverage, personal care, and household product brands. It also operates an aerospace segment that delivers advanced technologies, systems, and services to government and commercial customers worldwide, prioritizing environmental responsibility and product reliability across all operations.

Quanex Building Products Corporation is a leading manufacturer of engineered building components and materials. Its core offerings include insulating glass spacers, window and door systems, and cabinet furniture components, serving residential and commercial construction markets across North America and Europe, with a focus on energy-efficient, sustainable building solutions.

BALL vs NX — Head-to-Head

Bigger by revenue
BALL
BALL
6.8× larger
BALL
$3.3B
$495.3M
NX
Growing faster (revenue YoY)
NX
NX
+60.5% gap
NX
76.7%
16.2%
BALL
Higher net margin
BALL
BALL
61.7% more per $
BALL
6.0%
-55.7%
NX
More free cash flow
BALL
BALL
$994.8M more FCF
BALL
$1.0B
$46.2M
NX
Faster 2-yr revenue CAGR
NX
NX
Annualised
NX
29.5%
7.9%
BALL

Income Statement — Q4 2025 vs Q3 2025

Metric
BALL
BALL
NX
NX
Revenue
$3.3B
$495.3M
Net Profit
$200.0M
$-276.0M
Gross Margin
27.9%
Operating Margin
7.2%
-54.7%
Net Margin
6.0%
-55.7%
Revenue YoY
16.2%
76.7%
Net Profit YoY
766.7%
-1188.8%
EPS (diluted)
$0.73
$-6.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BALL
BALL
NX
NX
Q4 25
$3.3B
Q3 25
$3.4B
$495.3M
Q2 25
$3.3B
$452.5M
Q1 25
$3.1B
$400.0M
Q4 24
$2.9B
$492.2M
Q3 24
$3.1B
$280.3M
Q2 24
$3.0B
$266.2M
Q1 24
$2.9B
$239.2M
Net Profit
BALL
BALL
NX
NX
Q4 25
$200.0M
Q3 25
$321.0M
$-276.0M
Q2 25
$215.0M
$20.5M
Q1 25
$179.0M
$-14.9M
Q4 24
$-30.0M
$-13.9M
Q3 24
$199.0M
$25.4M
Q2 24
$159.0M
$15.4M
Q1 24
$3.7B
$6.2M
Gross Margin
BALL
BALL
NX
NX
Q4 25
Q3 25
27.9%
Q2 25
29.0%
Q1 25
23.1%
Q4 24
Q3 24
17.7%
25.3%
Q2 24
16.5%
24.9%
Q1 24
16.6%
21.5%
Operating Margin
BALL
BALL
NX
NX
Q4 25
7.2%
Q3 25
11.6%
-54.7%
Q2 25
8.0%
9.0%
Q1 25
7.4%
-1.7%
Q4 24
0.2%
0.6%
Q3 24
7.4%
8.4%
Q2 24
6.8%
7.8%
Q1 24
6.8%
3.3%
Net Margin
BALL
BALL
NX
NX
Q4 25
6.0%
Q3 25
9.5%
-55.7%
Q2 25
6.4%
4.5%
Q1 25
5.8%
-3.7%
Q4 24
-1.0%
-2.8%
Q3 24
6.5%
9.0%
Q2 24
5.4%
5.8%
Q1 24
128.3%
2.6%
EPS (diluted)
BALL
BALL
NX
NX
Q4 25
$0.73
Q3 25
$1.18
$-6.04
Q2 25
$0.76
$0.44
Q1 25
$0.63
$-0.32
Q4 24
$0.23
$-0.52
Q3 24
$0.65
$0.77
Q2 24
$0.51
$0.46
Q1 24
$11.61
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BALL
BALL
NX
NX
Cash + ST InvestmentsLiquidity on hand
$1.2B
$66.3M
Total DebtLower is stronger
$7.0B
$695.6M
Stockholders' EquityBook value
$5.4B
$717.4M
Total Assets
$19.5B
$2.0B
Debt / EquityLower = less leverage
1.29×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BALL
BALL
NX
NX
Q4 25
$1.2B
Q3 25
$568.0M
$66.3M
Q2 25
$296.0M
$62.6M
Q1 25
$449.0M
$50.0M
Q4 24
$885.0M
$97.7M
Q3 24
$1.4B
$94.0M
Q2 24
$1.3B
$56.1M
Q1 24
$1.7B
$44.4M
Total Debt
BALL
BALL
NX
NX
Q4 25
$7.0B
Q3 25
$6.9B
$695.6M
Q2 25
$6.5B
$746.4M
Q1 25
$6.1B
$725.2M
Q4 24
$5.3B
$737.2M
Q3 24
$5.4B
$51.4M
Q2 24
$5.5B
$51.5M
Q1 24
$5.5B
$61.6M
Stockholders' Equity
BALL
BALL
NX
NX
Q4 25
$5.4B
Q3 25
$5.4B
$717.4M
Q2 25
$5.2B
$1.0B
Q1 25
$5.5B
$972.1M
Q4 24
$5.9B
$1.0B
Q3 24
$6.7B
$594.1M
Q2 24
$6.9B
$566.1M
Q1 24
$7.3B
$555.0M
Total Assets
BALL
BALL
NX
NX
Q4 25
$19.5B
Q3 25
$18.7B
$2.0B
Q2 25
$18.6B
$2.3B
Q1 25
$18.0B
$2.2B
Q4 24
$17.6B
$2.3B
Q3 24
$18.8B
$872.5M
Q2 24
$19.0B
$837.2M
Q1 24
$19.9B
$813.4M
Debt / Equity
BALL
BALL
NX
NX
Q4 25
1.29×
Q3 25
1.26×
0.97×
Q2 25
1.24×
0.75×
Q1 25
1.12×
0.75×
Q4 24
0.91×
0.73×
Q3 24
0.80×
0.09×
Q2 24
0.80×
0.09×
Q1 24
0.76×
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BALL
BALL
NX
NX
Operating Cash FlowLast quarter
$1.2B
$60.7M
Free Cash FlowOCF − Capex
$1.0B
$46.2M
FCF MarginFCF / Revenue
31.1%
9.3%
Capex IntensityCapex / Revenue
5.1%
2.9%
Cash ConversionOCF / Net Profit
6.05×
TTM Free Cash FlowTrailing 4 quarters
$788.0M
$27.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BALL
BALL
NX
NX
Q4 25
$1.2B
Q3 25
$384.0M
$60.7M
Q2 25
$332.0M
$28.5M
Q1 25
$-665.0M
$-12.5M
Q4 24
$500.0M
$5.5M
Q3 24
$610.0M
$46.4M
Q2 24
$252.0M
$33.1M
Q1 24
$-1.2B
$3.9M
Free Cash Flow
BALL
BALL
NX
NX
Q4 25
$1.0B
Q3 25
$257.0M
$46.2M
Q2 25
$236.0M
$13.6M
Q1 25
$-746.0M
$-24.1M
Q4 24
$393.0M
$-8.2M
Q3 24
$493.0M
$40.1M
Q2 24
$146.0M
$25.5M
Q1 24
$-1.4B
$-5.7M
FCF Margin
BALL
BALL
NX
NX
Q4 25
31.1%
Q3 25
7.6%
9.3%
Q2 25
7.1%
3.0%
Q1 25
-24.1%
-6.0%
Q4 24
13.6%
-1.7%
Q3 24
16.0%
14.3%
Q2 24
4.9%
9.6%
Q1 24
-48.7%
-2.4%
Capex Intensity
BALL
BALL
NX
NX
Q4 25
5.1%
Q3 25
3.8%
2.9%
Q2 25
2.9%
3.3%
Q1 25
2.6%
2.9%
Q4 24
3.7%
2.8%
Q3 24
3.8%
2.2%
Q2 24
3.6%
2.9%
Q1 24
5.4%
4.0%
Cash Conversion
BALL
BALL
NX
NX
Q4 25
6.05×
Q3 25
1.20×
Q2 25
1.54×
1.39×
Q1 25
-3.72×
Q4 24
Q3 24
3.07×
1.83×
Q2 24
1.58×
2.15×
Q1 24
-0.34×
0.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BALL
BALL

Transferred Over Time$2.7B82%
Transferred At Point In Time$602.0M18%

NX
NX

Window And Door Hardware$150.3M30%
Screens$76.8M16%
Window Profiles$68.2M14%
Spacers$54.7M11%
Wood Solutions$53.4M11%
Seals And Gaskets$29.9M6%
Access Solutions$27.4M6%
Mixing Solution$21.5M4%
Solar$5.3M1%
Product Type Other$3.3M1%

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