O-I Glass, Inc. /DE/ (OI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does O-I Glass, Inc. /DE/ Do?
O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio. O-I Glass, Inc. /DE/ (OI) is classified as a small-cap stock in the Industrials sector, specifically within the Shipping Containers industry. The company is led by CEO Andres A. Lopez and employs approximately 24,000 people, headquartered in Perrysburg, Ohio. With a market capitalization of $1.6B, OI is one of the notable companies in the Industrials sector.
O-I Glass, Inc. /DE/ (OI) Stock Rating — Reduce (April 2026)
As of April 2026, O-I Glass, Inc. /DE/ receives a Reduce rating with a composite score of 43.1/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.OI ranks #3,314 out of 4,446 stocks in our coverage universe. Within the Industrials sector, O-I Glass, Inc. /DE/ ranks #563 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
OI Stock Price and 52-Week Range
O-I Glass, Inc. /DE/ (OI) currently trades at $10.76. The stock gained $0.06 (0.6%) in the most recent trading session. The 52-week high for OI is $16.91, which means the stock is currently trading -36.4% from its annual peak. The 52-week low is $9.23, putting the stock 16.6% above its annual trough. Recent trading volume was 926K shares, suggesting relatively thin trading activity.
Is OI Overvalued or Undervalued? — Valuation Analysis
O-I Glass, Inc. /DE/ (OI) carries a value factor score of 30/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 13.50x, compared to the Industrials sector average of 28.33x — a discount of 52%. The price-to-book ratio stands at 1.09x, versus the sector average of 2.23x. The price-to-sales ratio is 0.24x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, OI trades at 60.72x EV/EBITDA, versus 5.70x for the sector.
At current multiples, O-I Glass, Inc. /DE/ trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
O-I Glass, Inc. /DE/ Profitability — ROE, Margins, and Quality Score
O-I Glass, Inc. /DE/ (OI) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is -3.5%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.5% versus the sector average of 3.3%.
On a margin basis, O-I Glass, Inc. /DE/ reports gross margins of 16.6%, compared to 35.8% for the sector. The operating margin is 0.4% (sector: 6.2%). Net profit margin stands at -0.8%, versus 3.9% for the average Industrials stock. Revenue growth is running at -4.4% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
OI Debt, Balance Sheet, and Financial Health
O-I Glass, Inc. /DE/ has a debt-to-equity ratio of 540.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.25x, suggesting adequate working capital coverage. Total debt on the balance sheet is $5.12B. Cash and equivalents stand at $556M.
OI has a beta of 0.98, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for O-I Glass, Inc. /DE/ is 56/100, reflecting average volatility within the normal range for its sector.
O-I Glass, Inc. /DE/ Revenue and Earnings History — Quarterly Trend
In TTM 2026, O-I Glass, Inc. /DE/ reported revenue of $6.61B and earnings per share (EPS) of $-0.84. Net income for the quarter was $-50M. Gross margin was 16.6%. Operating income came in at $26M.
In FY 2025, O-I Glass, Inc. /DE/ reported revenue of $6.43B and earnings per share (EPS) of $-0.84. Net income for the quarter was $-103M. Gross margin was 17.3%. Revenue grew -1.6% year-over-year compared to FY 2024. Operating income came in at $-49M.
In Q3 2025, O-I Glass, Inc. /DE/ reported revenue of $1.65B and earnings per share (EPS) of $0.19. Net income for the quarter was $37M. Gross margin was 18.1%. Revenue grew -1.5% year-over-year compared to Q3 2024. Operating income came in at $58M.
In Q2 2025, O-I Glass, Inc. /DE/ reported revenue of $1.71B and earnings per share (EPS) of $-0.03. Net income for the quarter was $1M. Gross margin was 17.5%. Revenue grew -1.3% year-over-year compared to Q2 2024. Operating income came in at $7M.
Over the past 8 quarters, O-I Glass, Inc. /DE/ has demonstrated a growth trajectory, with revenue expanding from $1.73B to $6.61B. Investors analyzing OI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
OI Dividend Yield and Income Analysis
O-I Glass, Inc. /DE/ (OI) does not currently pay a dividend. This is common among smaller companies in the Shipping Containers industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
OI Momentum and Technical Analysis Profile
O-I Glass, Inc. /DE/ (OI) has a momentum factor score of 34/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 61/100 reflects moderate short selling activity.
OI vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, O-I Glass, Inc. /DE/ (OI) ranks #563 out of 752 stocks based on the Blank Capital composite score. This places OI in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing OI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OI vs S&P 500 (SPY) comparison to assess how O-I Glass, Inc. /DE/ stacks up against the broader market across all factor dimensions.
OI Next Earnings Date
No upcoming earnings date has been announced for O-I Glass, Inc. /DE/ (OI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy OI? — Investment Thesis Summary
The quantitative profile for O-I Glass, Inc. /DE/ suggests caution. The value score of 30/100 indicates premium valuation. Momentum is weak at 34/100, a headwind for near-term performance.
In summary, O-I Glass, Inc. /DE/ (OI) earns a Reduce rating with a composite score of 43.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OI stock.
Related Resources for OI Investors
Explore more research and tools: OI vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OI head-to-head with peers: OI vs SOBO, OI vs TEN, OI vs GLDD.