# Crown Holdings, Inc. (CCK)

> Source: Nexqual · https://nexqual.com/CCK · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Crown Holdings, Inc. (CCK), nexqual.com/CCK" · informational, not investment advice.

**Price:** USD 119.26 (+2.62% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 116.22 · day 115.72–119.88 · 52w 91.31–122.91 · market cap $13.0B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $13.3B, net income $784M (5.9% margin), free cash flow $1.20B (SEC filings).
- Valuation: P/E 16.5x (avg 21.3x at the last 3 fiscal year-ends), EV/EBITDA 9.4x, net debt $5.36B.
- 4 of 80 tracked superinvestors hold CCK (13F, Q2 2026): 0 new, 0 added, 3 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $4.0M; 0 not under a Rule 10b5-1 plan ($0K); 4 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +22.0% vs S&P 500 +14.9%; 5Y +20.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-19, EPS estimate USD 1.68, revenue estimate $3.38B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.4B | $12.9B | $12.0B | $11.8B | $12.4B | $13.3B |
| Operating income | $1.36B | $1.34B | $1.27B | $1.42B | $1.55B | $1.63B |
| Net income | -$560M | $727M | $450M | $424M | $738M | $784M |
| EPS (diluted) | -$4.30 | $5.99 | $3.76 | $3.55 | $6.38 | — |
| Free cash flow | $89.0M | -$36.0M | $660M | $789M | $1.12B | $1.20B |
| Operating margin | 12.0% | 10.3% | 10.6% | 12.0% | 12.6% | 12.3% |
| Net margin | -4.9% | 5.6% | 3.7% | 3.6% | 6.0% | 5.9% |
| Revenue growth | +21.3% | +13.6% | -7.2% | -1.7% | +4.8% | — |
| Cash + short-term investments | $531M | $550M | $1.31B | $918M | $764M | — |
| Total debt | $6.19B | $6.90B | $7.46B | $6.14B | $5.88B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.5x · P/S 1.0x · EV/EBITDA 9.4x · EV/Sales 1.4x · P/FCF 10.8x · P/B 4.5x · FCF yield 9.24% · Earnings yield 6.04% · Dividend yield (paid, TTM) 1.06% · Buyback yield (TTM) 6.27% · Net debt $5.36B · EV $18.3B
P/E at fiscal year-ends: Dec 2025 16.1x, Dec 2024 23.3x, Dec 2023 24.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold CCK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 0.19% | $24.6M | Unchanged |
| Jensen Investment Management |  | 0.14% | $5.9M | Reduced -7.6% |
| Bill Nygren | Oakmark Funds | 0.03% | $21.3M | Reduced -0.4% |
| Christopher Davis | Davis Advisors | <0.01% | $612K | Reduced -36.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-15 | Donahue Timothy J | President & CEO | 7,500 | $827K | 1.7% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-23 | Donahue Timothy J | President & CEO | 15,000 | $1.6M | 3.3% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-15 | Donahue Timothy J | President & CEO | 7,500 | $801K | 1.6% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-08 | Donahue Timothy J | President & CEO | 7,500 | $788K | 1.6% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | UBS | Target raised | Neutral | $116 → $118 |
| 2026-10-21 | Citigroup | Target raised | Buy | $137 → $139 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $127 → $126 |
| 2026-10-05 | UBS | Target lowered | Neutral | $123 → $116 |
| 2026-09-18 | JP Morgan | Upgrade | Neutral → Overweight | $121 |
| 2026-07-24 | RBC Capital | Target raised | Outperform | $131 → $135 |
| 2026-07-22 | Wells Fargo | Target raised | Equal-Weight | $117 → $127 |
| 2026-07-22 | UBS | Target raised | Neutral | $115 → $123 |
| 2026-07-22 | BMO Capital | Target raised | Outperform | $130 → $135 |
| 2026-07-22 | Truist Securities | Target raised | Buy | $129 → $141 |
| 2026-07-22 | JP Morgan | Downgrade | Overweight → Neutral | $107 → $121 |
| 2026-07-22 | Baird | Target raised | Neutral | $120 → $130 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +22.0% | +20.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +22.1% | +3.7% |
| Volatility (annualized) | 25.1% | 28.7% |
| Max drawdown | -20.2% (Mar 2026→Jun 2026) | -47.2% (Mar 2022→Oct 2022) |

## Peers (Packaging & Containers)
AVY (Avery Dennison Corporation) USD 184.66 +3.14% · BALL (Ball Corporation) USD 65.81 +2.59% · IP (International Paper Company) USD 33.68 +0.15% · AMCR (Amcor plc) USD 46.28 +2.23% · PKG (Packaging Corporation of Americ) USD 248.92 +4.15% · SW (Smurfit WestRock plc) USD 42.43 +2.34%

## More
Full page: https://nexqual.com/CCK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CCK's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1219601/000162828026012904/cck-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Coca-Cola (KO) | "The Company's largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, M…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Total reportable segments | $3.30B | 90.0% | +17.0% | $493.0M | 14.9% |
| — Americas Beverage (part of Total reportable segments) | $1.70B | 46.3% | +20.9% | $265.0M | 15.6% |
| — European Beverage (part of Total reportable segments) | $735.0M | 20.0% | +15.7% | $107.0M | 14.6% |
| — Transit Packaging (part of Total reportable segments) | $537.0M | 14.6% | +2.1% | $68.0M | 12.7% |
| — Asia Pacific (part of Total reportable segments) | $331.0M | 9.0% | +29.3% | $53.0M | 16.0% |
| Other | $366.0M | 10.0% | +11.9% | $52.0M | 14.2% |
| Corporate costs (not allocated) | — | — | — | -$44.0M | — |
| Total revenue | $3.67B | 100% | — | $493.0M | 13.4% |

## Revenue by product line (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Metal Beverage Cans & Ends | $8.54B | 69.0% | +8.1% |
| Transit Packaging | $2.03B | 16.4% | -3.8% |
| Metal Food Cans & Ends | $943.0M | 7.6% | +6.3% |
| Other Metal Packaging | $433.0M | 3.5% | -3.1% |
| Other Products | $428.0M | 3.5% | -7.2% |
| Total revenue | $12.37B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| U.S. | $4.81B | 38.9% | +8.9% |
| Other Countries | $3.52B | 28.5% | +3.4% |
| Brazil | $1.07B | 8.7% | +1.1% |
| Mexico | $989.0M | 8.0% | -6.1% |
| Canada | $786.0M | 6.4% | +5.6% |
| Spain | $423.0M | 3.4% | +26.6% |
| Vietnam | $387.0M | 3.1% | +0.0% |
| United Kingdom | $372.0M | 3.0% | -6.5% |
| Total revenue | $12.37B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 12%, 11% of revenue from unnamed direct customers (10-K, filed 2026-02-27).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.68 | $1.80 | -6.8% | $3.38B | 14 |
| Next quarter (ends 2027-03-31) | $1.88 | $1.90 | -0.9% | $3.37B | 11 |
| Current fiscal year (ends 2026-12-31) | $8.41 | $8.38 | +0.4% | $14.01B | 14 |
| Next fiscal year (ends 2027-12-31) | $9.09 | $9.03 | +0.7% | $14.35B | 14 |