O-I Glass (OI) concentration risks

The company's disclosed concentration profile is narrow, resting on a single customer dependency. One customer accounted for approximately 10% of consolidated net sales for the year ended December 31, 2025 — a low-share exposure by disclosed size. The character is dependency rather than structural: the exposure reflects reliance on a specific buyer's order volume rather than a feature of the broader glass packaging end-market, meaning results could be affected if that customer reduced purchasing, shifted suppliers, or experienced its own demand disruption. That said, the low share of net sales means the single-customer exposure is limited in its potential impact on consolidated results. A full loss of that relationship would be material but not company-defining. The filing discloses no geographic, product, or supplier concentrations layered on top of this customer dependency, which constrains the overall risk profile to a relatively contained single dimension. There is no disclosed interaction between this customer exposure and any geographic or raw-material dependency that would compound downside. On balance, the concentration profile for the glass packaging operations is well-defined and modest in disclosed size. The single customer relationship at approximately 10% of net sales is the primary variable to monitor — specifically any customer portfolio shifts or demand changes — but does not, on its own, represent a dominant driver of investment risk.

For the engine’s reasoning on OI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.