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Crown Holdings

CCK
51
Packaging & Containers · Consumer Cyclical
Also trades as: 0I4X.L
Price
$119.97
-0.04 (-0.03%)
Market Cap
$13.05B
Winston Score
51
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 12, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

11.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 130.4M (2021) → 115.7M (2025)

Crown Holdings makes metal cans and other packaging used to hold beverages, food, and household products. Its main customers are large consumer brands like beer brewers, soft drink companies, and food manufacturers. Crown is one of the largest metal can producers in the world, supplying packaging that keeps products fresh and protected on store shelves.

Crown earns money by selling billions of cans and other metal containers each year to its corporate customers under long-term supply contracts. The company operates across North America, Europe, Asia, and other regions, giving it a broad global footprint. Its competitive edge comes from its massive manufacturing scale and those long-term contracts, which create steady, predictable revenue. The main risk Crown faces is rising raw material costs, particularly aluminum and steel, since higher input prices can squeeze its profit margins if it cannot pass those costs along to customers quickly enough.

Winston Score History

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+42.7% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

2.2%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

$656M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Crown Holdings is a rare growth stock that's already generating positive cash flow while growing at 16%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
20.4%
Thin — 20.4% gross margin
Operating Margin
15.8%
Healthy — 15.8% operating margin
ROCE
6.5%
Weak — 6.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+10.3%
Steady sales growth (+10.3% YoY)
EPS YoY
+46.0%
Earnings growing fast (+46.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion
218%
Turns 218% of profit into real cash
FCF Margin
8.9%
Modest free cash flow (8.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
2.11
Heavy debt load (2.11)
Interest Cover
4.59x
Adequate interest coverage (4.6x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)
17.2x
Fair value — P/E 17.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+3.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (17.2 → 14.0)

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Dividends

Dividend Yield
1.04%
Small dividend — 1.04% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+27.2%
Dividend growing fast (27.2% YoY)

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