HIGHOutside partySupplier
two global suppliers (South America)
“10-K Item 1: 'In South America, two global suppliers provide virtually all our aluminum can and end sheet requirements'”
BALL · Concentration risk · 10-K extracted
Ball (BALL) concentration risks
Updated
The most significant concentration Ball discloses is two global suppliers (South America), classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Ball’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
48%
North and Central America
“10-K Item 1: 'Beverage packaging, North and Central America, is Ball's largest segment, accounting for 48 percent of consolidated net sales in 2025'”
MEDIUMOutside partyCustomer
relatively limited number of major customers
“10-K Item 1A: 'Because we depend on a relatively limited number of major customers, our business, financial condition or results of operations could be adversely affected'”
MEDIUMBuilt-inProduct / Revenue mix
beverage containers
“10-K Item 1A: 'The majority of our consolidated net sales were from the sale of beverage containers'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile pairs a regional supply dependency with moderate-share exposures across segment geography, customer base, and product type. The most acute of these sits in South America, where two global suppliers provide virtually all aluminum can and end sheet requirements — a high-share supplier dependency by disclosed size, dependency in character, meaning a disruption to either of those two suppliers would have immediate consequences for that region's production with limited near-term alternatives. Aluminum is the core input for the business, so this supplier concentration in a specific geography is operationally load-bearing. At the segment level, Beverage packaging, North and Central America accounted for 48% of consolidated net sales in 2025 — a moderate-share geographic segment concentration by disclosed size, structural in character, reflecting the company's largest and most established operating region. Within that and other segments, the filing discloses a moderate-share customer dependency: the business depends on a relatively limited number of major customers, meaning that volume losses at one or a few large buyers could have a meaningful effect. The company's product mix is also concentrated: the majority of consolidated net sales are from beverage containers, a moderate-share product tilt that is structural and consistent with the company's repositioned focus on this category. Together the profile is coherent: a beverage can manufacturer whose supply chain is regionally concentrated in South America, whose revenue base skews to North and Central America, and whose customer and product mix are both moderate-share concentrations around a single end-market.
For the engine’s reasoning on BALL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaging & Containers
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CCK | Crown Holdings, Inc. | 2 | 1 | 2 | 5 |
| AMCR | Amcor plc | 2 | 0 | 0 | 2 |
| BALL● | Ball Corporation | 1 | 3 | 0 | 4 |
| AVY | Avery Dennison Corporation | 1 | 1 | 0 | 2 |
| GEF-B | Greif, Inc. Corporation | 0 | 1 | 1 | 2 |
| GEF | Greif Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.