Crown Holdings, Inc.
- Open
- 118.02
- Day high
- 118.13
- Day low
- 116.17
- Prev close
- 118.44
- Volume
- 732K
- Mkt cap
- $12.7B
- P/E (TTM)
- 16.7
- EPS (TTM)
- $6.98
- P/B
- 4.4
- P/S
- 1.0
- Yield
- 1.13%
- Per share
- $1.31
- ▼Insiders net selling -$2.4M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Crown Holdings, Inc. (CCK) is a Consumer Cyclical company listed on NYSE. The stock is up 18% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Crown Holdings, Inc. (CCK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CCK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 21, 2026 | $2.16 | $2.49 | +15.3% | $3.7B | +8.7% |
| Apr 28, 2026 | $1.75 | $1.86 | +6.3% | $3.3B | +7.4% |
| Feb 4, 2026 | $1.69 | $1.74 | +3.0% | $3.1B | +5.1% |
| Oct 20, 2025 | $1.98 | $2.24 | +13.1% | $3.2B | +7.0% |
| Jul 21, 2025 | $1.88 | $2.15 | +14.4% | $3.1B | +1.3% |
| Feb 5, 2025 | $1.51 | $1.59 | +5.3% | $2.9B | +0.4% |
| Oct 17, 2024 | $1.81 | $1.99 | +9.9% | $3.1B | +5.9% |
| Jul 22, 2024 | $1.58 | $1.81 | +14.6% | $3.1B | -0.3% |
| Jul 24, 2023 | $1.64 | $1.68 | +2.4% | $3.1B | -9.4% |
| Feb 7, 2023 | $1.05 | $1.17 | +11.4% | $3.0B | -3.5% |
| Jul 20, 2022 | $2.02 | $2.10 | +4.0% | $3.5B | +9.5% |
| Feb 8, 2022 | $1.54 | $1.66 | +7.8% | $3.1B | +9.4% |
CCK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 4, 2026 | NOVAES DJALMA JRofficer: EVP & COO | Tax | 104 | $119.87 |
| Aug 4, 2026 | Rost John Mofficer: EVP & COO | Tax | 146 | $119.87 |
| Aug 4, 2026 | Gavin Gary Mofficer: President - Americas Division | Tax | 61 | $119.87 |
| Jul 30, 2026 | Snyder Angela Mdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | WILLIAMS MARSHA Cdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | Owens B Craigdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | DOSS MICHAEL Pdirector | Grant | 351 | — |
| Jul 30, 2026 | FEARON RICHARD Hdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | HAGGE STEPHEN Jdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | Sweitzer Caesar Fdirector | Grant | 351 | $117.69 |
| Jul 30, 2026 | Wilson Dwayne Andreedirector | Grant | 351 | — |
| Jul 30, 2026 | Funk Andrea J.director | Grant | 351 | $117.69 |
| Jul 15, 2026 | DONAHUE TIMOTHY Jdirector, officer: President & CEO | Sell | 7,500 | $110.29 |
| Jun 23, 2026 | DONAHUE TIMOTHY Jdirector, officer: President & CEO | Sell | 15,000 | $105.00 |
| May 18, 2026 | Gavin Gary Mofficer: President - Americas Division | Tax | 3,113 | $96.08 |
Source: CCK SEC Form 4 filings, latest Aug 4, 2026. For informational purposes only — not investment advice.
See the full CCK insider & 13F page →Crown Holdings, Inc. company profile
Overview
Crown Holdings, Inc. (NYSE:CCK) is a leading global packaging company founded in 1892 and headquartered in Yardley, Pennsylvania. The company has evolved from its origins as a cork and bottle cap manufacturer into one of the world's largest producers of metal packaging products. Crown went public in 1980 and has since grown through strategic acquisitions and geographic expansion to serve customers across the Americas, Europe, and Asia Pacific. Today, the company operates manufacturing facilities worldwide and is recognized as a major supplier of beverage cans, food cans, and industrial packaging solutions to consumer goods companies and industrial manufacturers.
Business
Crown Holdings operates in the packaging and containers industry, specifically focusing on metal packaging solutions. The company's business is organized into several key segments that serve different end markets. The Beverage Cans segment represents Crown's largest and most profitable business, accounting for approximately 70-75% of total revenues. This division manufactures aluminum beverage cans for soft drinks, beer, energy drinks, sparkling water, and other ready-to-drink beverages. The company produces these cans in various sizes and formats, serving major beverage brands, regional producers, and co-packers. Beverage cans are lightweight, infinitely recyclable, and provide superior product protection, making them increasingly popular as consumers and brands prioritize sustainability. The Food Cans segment produces steel tinplate cans for food products including vegetables, fruits, soups, pet food, and other packaged food items. This segment represents roughly 15-20% of revenues. Food cans offer long shelf life, product safety, and cost-effective packaging for food manufacturers and private label producers. The Transit Packaging segment manufactures industrial packaging products including steel and plastic strapping systems, protective packaging materials, and related equipment. This division serves industries such as metals, construction, agriculture, and general manufacturing, providing solutions for securing and protecting goods during transportation and storage. This segment typically accounts for about 10-15% of total revenues. Crown also produces other packaging products including glass bottles, steel crowns (bottle caps), aluminum caps, and various closure systems, though these represent a smaller portion of the overall business.
Revenue model
Crown Holdings generates revenue primarily through product sales to consumer goods companies and industrial manufacturers. The company operates on a business-to-business model, selling directly to beverage companies like Coca-Cola, PepsiCo, Anheuser-Busch InBev, and regional beverage producers, as well as food companies and industrial manufacturers. The company's revenue model is largely volume-based, with pricing typically structured through annual or multi-year contracts that include provisions for raw material cost pass-through mechanisms. This means that when aluminum, steel, or other input costs fluctuate, Crown can generally adjust its pricing to maintain margins, though there may be timing lags. The beverage can business, being the largest segment, benefits from relatively stable demand patterns and long-term customer relationships. Crown's profitability is influenced by several key factors. Capacity utilization is critical, as the company's manufacturing facilities have high fixed costs, making volume absorption essential for margin expansion. Raw material costs, particularly aluminum and steel prices, directly impact input expenses, though contractual pass-through mechanisms help mitigate this risk. Manufacturing efficiency and operational excellence programs drive cost reduction and productivity improvements. Geographic mix affects margins, as different regions have varying cost structures and competitive dynamics. External factors that can impact margins include economic conditions affecting consumer demand for packaged beverages and industrial activity, commodity price volatility creating timing mismatches between cost increases and price adjustments, competition from other packaging formats and suppliers, and regulatory changes related to sustainability and recycling requirements. The company benefits from long-term trends toward aluminum packaging due to sustainability advantages and the growing popularity of canned beverages across various categories.
Competitive moat
Crown Holdings possesses a moderate but meaningful competitive moat built on several key advantages. The company benefits from high barriers to entry in metal packaging manufacturing, as establishing new production facilities requires substantial capital investment (over $250 million per plant based on recent estimates), specialized technical expertise, and lengthy customer qualification processes. The industry's capital-intensive nature and Crown's established manufacturing footprint create significant switching costs for customers. Long-term customer relationships represent another important moat element, as beverage and food companies typically prefer working with established suppliers who can guarantee consistent quality, supply reliability, and global manufacturing capabilities. Crown's ability to serve major multinational customers across multiple geographic markets strengthens these relationships and creates switching costs. The company also benefits from economies of scale in raw material procurement, manufacturing efficiency, and research and development spending. As one of the largest metal packaging producers globally, Crown can negotiate favorable terms with aluminum and steel suppliers and spread fixed costs across high production volumes. However, Crown's moat faces several challenges. The packaging industry is relatively commoditized, with limited product differentiation beyond basic functionality and service quality. Customer concentration in the beverage industry gives large buyers significant negotiating power, pressuring margins and contract terms. Alternative packaging formats, including plastic bottles and pouches, provide substitution threats, though aluminum cans have gained market share recently due to sustainability trends. Geographic expansion opportunities for competitors and potential new entrants, particularly in emerging markets, could erode Crown's market position over time. The company's moat is best described as moderate - sufficient to generate reasonable returns and defend market share, but not impregnable against competitive pressures or industry disruption.
Risks & safety
Crown Holdings presents a mixed margin of safety profile with both strengths and concerns. **Debt and Liquidity Concerns:** - High debt-to-equity ratio of 2.47x as of Q1 2025, though improving from previous levels - Net leverage target of 2.5x indicates management's focus on debt reduction - Current ratio of 0.87x shows working capital constraints - Cash position of $779 million provides reasonable liquidity buffer - Free cash flow turned slightly negative (-$19 million) in Q1 2025 due to seasonal working capital needs **Valuation Metrics:** - P/E ratio of 13.5x appears reasonable for a cyclical industrial company - EV/EBITDA of 8.5x is moderate but not particularly cheap - Price-to-book ratio of 3.9x reflects asset-heavy business model - Graham number suggests potential undervaluation relative to fundamentals **Other Considerations:** - Strong EBITDA generation over $2 billion on trailing twelve-month basis - Cyclical business model creates earnings volatility - Capital-intensive operations require ongoing investment - Exposure to commodity price fluctuations adds risk
Recent development
Over the past few years, Crown Holdings has executed several strategic initiatives to strengthen its market position and financial profile. The company has focused heavily on operational efficiency improvements, achieving record EBITDA margins through manufacturing optimization and cost reduction programs. Management has systematically rationalized production capacity, closing underperforming facilities in Asia Pacific and Europe while investing in high-speed, efficient production lines in key markets. Geographic expansion and market share gains have been central to Crown's growth strategy, particularly in North America where the company has regained customers and expanded its beverage can market share. The company has also capitalized on the substrate conversion trend, where beverages are switching from glass bottles to aluminum cans, especially in European markets. This trend has been driven by sustainability considerations and consumer preferences. Financial discipline and capital allocation have improved significantly, with management reducing net leverage from over 3.5x to the current 2.7x level while targeting further reduction to 2.5x. The company completed the sale of its Eviosys business and used proceeds for debt reduction and share repurchases. Crown authorized a $2 billion share repurchase program through 2027, demonstrating confidence in cash generation capabilities. Portfolio optimization has included strategic divestitures of non-core assets and the acquisition of complementary businesses like Helvetia Packaging. The company has also modernized its pension obligations through annuitization transactions, reducing future cash flow and earnings volatility. Recent quarters have shown Crown's ability to navigate challenging economic conditions while maintaining strong operational performance and cash generation.
CCK company profile · for informational purposes only — not investment advice.
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