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Side-by-side financial comparison of Ball Corporation (BALL) and T. Rowe Price (TROW). Click either name above to swap in a different company.

Ball Corporation is the larger business by last-quarter revenue ($3.3B vs $1.9B, roughly 1.7× T. Rowe Price). T. Rowe Price runs the higher net margin — 23.0% vs 6.0%, a 17.0% gap on every dollar of revenue. On growth, Ball Corporation posted the faster year-over-year revenue change (16.2% vs 6.0%). Ball Corporation produced more free cash flow last quarter ($1.0B vs $-85.4M). Over the past eight quarters, Ball Corporation's revenue compounded faster (7.9% CAGR vs 5.1%).

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.

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies.

BALL vs TROW — Head-to-Head

Bigger by revenue
BALL
BALL
1.7× larger
BALL
$3.3B
$1.9B
TROW
Growing faster (revenue YoY)
BALL
BALL
+10.2% gap
BALL
16.2%
6.0%
TROW
Higher net margin
TROW
TROW
17.0% more per $
TROW
23.0%
6.0%
BALL
More free cash flow
BALL
BALL
$1.1B more FCF
BALL
$1.0B
$-85.4M
TROW
Faster 2-yr revenue CAGR
BALL
BALL
Annualised
BALL
7.9%
5.1%
TROW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BALL
BALL
TROW
TROW
Revenue
$3.3B
$1.9B
Net Profit
$200.0M
$445.3M
Gross Margin
Operating Margin
7.2%
24.4%
Net Margin
6.0%
23.0%
Revenue YoY
16.2%
6.0%
Net Profit YoY
766.7%
1.2%
EPS (diluted)
$0.73
$1.98

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
TROW
TROW
Q4 25
$3.3B
$1.9B
Q3 25
$3.4B
$1.9B
Q2 25
$3.3B
$1.7B
Q1 25
$3.1B
$1.8B
Q4 24
$2.9B
$1.8B
Q3 24
$3.1B
$1.8B
Q2 24
$3.0B
$1.7B
Q1 24
$2.9B
$1.8B
Net Profit
BALL
BALL
TROW
TROW
Q4 25
$200.0M
$445.3M
Q3 25
$321.0M
$646.1M
Q2 25
$215.0M
$505.2M
Q1 25
$179.0M
$490.5M
Q4 24
$-30.0M
$439.9M
Q3 24
$199.0M
$603.0M
Q2 24
$159.0M
$483.4M
Q1 24
$3.7B
$573.8M
Gross Margin
BALL
BALL
TROW
TROW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.7%
Q2 24
16.5%
Q1 24
16.6%
Operating Margin
BALL
BALL
TROW
TROW
Q4 25
7.2%
24.4%
Q3 25
11.6%
34.0%
Q2 25
8.0%
27.8%
Q1 25
7.4%
33.8%
Q4 24
0.2%
31.2%
Q3 24
7.4%
34.4%
Q2 24
6.8%
32.6%
Q1 24
6.8%
33.5%
Net Margin
BALL
BALL
TROW
TROW
Q4 25
6.0%
23.0%
Q3 25
9.5%
34.1%
Q2 25
6.4%
29.3%
Q1 25
5.8%
27.8%
Q4 24
-1.0%
24.1%
Q3 24
6.5%
33.8%
Q2 24
5.4%
27.9%
Q1 24
128.3%
32.8%
EPS (diluted)
BALL
BALL
TROW
TROW
Q4 25
$0.73
$1.98
Q3 25
$1.18
$2.87
Q2 25
$0.76
$2.24
Q1 25
$0.63
$2.15
Q4 24
$0.23
$1.91
Q3 24
$0.65
$2.64
Q2 24
$0.51
$2.11
Q1 24
$11.61
$2.49

Balance Sheet & Financial Strength

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

Metric
BALL
BALL
TROW
TROW
Cash + ST InvestmentsLiquidity on hand
$1.2B
$3.4B
Total DebtLower is stronger
$7.0B
Stockholders' EquityBook value
$5.4B
$10.9B
Total Assets
$19.5B
$14.3B
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BALL
BALL
TROW
TROW
Q4 25
$1.2B
$3.4B
Q3 25
$568.0M
$3.6B
Q2 25
$296.0M
$3.1B
Q1 25
$449.0M
$2.8B
Q4 24
$885.0M
$2.6B
Q3 24
$1.4B
$3.2B
Q2 24
$1.3B
$2.7B
Q1 24
$1.7B
$2.4B
Total Debt
BALL
BALL
TROW
TROW
Q4 25
$7.0B
Q3 25
$6.9B
Q2 25
$6.5B
Q1 25
$6.1B
Q4 24
$5.3B
Q3 24
$5.4B
Q2 24
$5.5B
Q1 24
$5.5B
Stockholders' Equity
BALL
BALL
TROW
TROW
Q4 25
$5.4B
$10.9B
Q3 25
$5.4B
$10.8B
Q2 25
$5.2B
$10.6B
Q1 25
$5.5B
$10.4B
Q4 24
$5.9B
$10.3B
Q3 24
$6.7B
$10.2B
Q2 24
$6.9B
$9.9B
Q1 24
$7.3B
$9.8B
Total Assets
BALL
BALL
TROW
TROW
Q4 25
$19.5B
$14.3B
Q3 25
$18.7B
$14.7B
Q2 25
$18.6B
$14.3B
Q1 25
$18.0B
$14.0B
Q4 24
$17.6B
$13.5B
Q3 24
$18.8B
$13.7B
Q2 24
$19.0B
$13.1B
Q1 24
$19.9B
$12.9B
Debt / Equity
BALL
BALL
TROW
TROW
Q4 25
1.29×
Q3 25
1.26×
Q2 25
1.24×
Q1 25
1.12×
Q4 24
0.91×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.76×

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
TROW
TROW
Operating Cash FlowLast quarter
$1.2B
$-18.7M
Free Cash FlowOCF − Capex
$1.0B
$-85.4M
FCF MarginFCF / Revenue
31.1%
-4.4%
Capex IntensityCapex / Revenue
5.1%
3.4%
Cash ConversionOCF / Net Profit
6.05×
-0.04×
TTM Free Cash FlowTrailing 4 quarters
$788.0M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BALL
BALL
TROW
TROW
Q4 25
$1.2B
$-18.7M
Q3 25
$384.0M
$609.3M
Q2 25
$332.0M
$529.9M
Q1 25
$-665.0M
$632.9M
Q4 24
$500.0M
$-281.9M
Q3 24
$610.0M
$652.5M
Q2 24
$252.0M
$677.7M
Q1 24
$-1.2B
$637.3M
Free Cash Flow
BALL
BALL
TROW
TROW
Q4 25
$1.0B
$-85.4M
Q3 25
$257.0M
$546.0M
Q2 25
$236.0M
$467.7M
Q1 25
$-746.0M
$550.9M
Q4 24
$393.0M
$-394.9M
Q3 24
$493.0M
$547.9M
Q2 24
$146.0M
$574.4M
Q1 24
$-1.4B
$534.8M
FCF Margin
BALL
BALL
TROW
TROW
Q4 25
31.1%
-4.4%
Q3 25
7.6%
28.8%
Q2 25
7.1%
27.1%
Q1 25
-24.1%
31.2%
Q4 24
13.6%
-21.6%
Q3 24
16.0%
30.7%
Q2 24
4.9%
33.1%
Q1 24
-48.7%
30.6%
Capex Intensity
BALL
BALL
TROW
TROW
Q4 25
5.1%
3.4%
Q3 25
3.8%
3.3%
Q2 25
2.9%
3.6%
Q1 25
2.6%
4.6%
Q4 24
3.7%
6.2%
Q3 24
3.8%
5.9%
Q2 24
3.6%
6.0%
Q1 24
5.4%
5.9%
Cash Conversion
BALL
BALL
TROW
TROW
Q4 25
6.05×
-0.04×
Q3 25
1.20×
0.94×
Q2 25
1.54×
1.05×
Q1 25
-3.72×
1.29×
Q4 24
-0.64×
Q3 24
3.07×
1.08×
Q2 24
1.58×
1.40×
Q1 24
-0.34×
1.11×

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%

TROW
TROW

Asset Management1$1.7B90%
Administrative Distribution Servicing And Other Fee Revenue$141.5M7%
Other$40.8M2%
Performance Based Advisory Fees$14.2M1%

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