CCKHIGH SIGNALFINANCIAL10-K

Crown Holdings achieved extraordinary 278% revenue growth while simultaneously reducing outstanding shares by 3.7%, indicating a potential major acquisition or significant business expansion.

The massive revenue jump from $3.1B to $11.7B suggests Crown likely completed a transformational acquisition or merger, fundamentally changing the company's scale and scope. The simultaneous 133% increase in share buybacks and reduction in outstanding shares demonstrates strong capital allocation discipline even amid this growth phase.

Comparing 2026-02-27 vs 2025-03-03View on EDGAR →
FINANCIAL ANALYSIS

Crown's financial profile was dramatically transformed with revenue nearly quadrupling to $11.7B while net income grew a more modest 74% to $738M, suggesting margin compression from the expansion. Operating cash flow grew 28% to $1.5B and the company aggressively returned capital through $505M in buybacks, though cash reserves declined 17% to $764M and current liabilities increased 23% to $4.3B. The overall picture signals a company that has undergone major expansion while maintaining strong cash generation and shareholder-friendly capital allocation, though investors should monitor integration execution and leverage levels.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+278.2%
$3.1B$11.7B

Strong top-line growth of 278.2% — accelerating demand or successful expansion into new markets.

Share Buybacks
Cash Flow
+132.7%
$217.0M$505.0M

Share repurchases increased 132.7% — management returning capital, signals confidence in intrinsic value.

Net Income
P&L
+74.1%
$424.0M$738.0M

Net income grew 74.1% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
+28.4%
$1.2B$1.5B

Operating cash flow grew 28.4% — strong conversion of earnings to cash, healthy business fundamentals.

Current Liabilities
Balance Sheet
+23.1%
$3.5B$4.3B

Current liabilities rose 23.1% — increased short-term obligations, watch current ratio.

Cash & Equivalents
Balance Sheet
-16.8%
$918.0M$764.0M

Cash decreased 16.8% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-03-03
ADDED
As of February 26, 2026, 113,225,669 shares of the Registrant s Common Stock were issued and outstanding.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 ITEM 6.
Management s Discussion and Analysis of Financial Condition and Results of Operations 26 ITEM 7A.
Accumulated Other Comprehensive Loss Attributable to Crown Holdings 82 W.
Segment Information 85 SCHEDULE II Valuation and Qualifying Accounts and Reserves 88 Crown Holdings, Inc.
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REMOVED
As of February 28, 2025, 117,552,541 shares of the Registrant s Common Stock were issued and outstanding.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 ITEM 6.
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 ITEM 7A.
Accumulated Other Comprehensive Loss Attributable to Crown Holdings 81 W.
Segment Information 84 SCHEDULE II Valuation and Qualifying Accounts and Reserves 87 Crown Holdings, Inc.
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