O-I Glass, Inc. /DE/ (OI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · General / Diversified · as of Jun 27, 2026
O-I Glass, Inc. /DE/ (OI)
A forensic read on O-I Glass, Inc. /DE/ built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
0.7
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-14.5%
ROE
$1.5B
Market cap
O-I Glass, Inc. /DE/ earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is 0.7, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1%Return on invested capital.Return on invested capital is -1% and slipping from 11% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$1.0BGoodwill impairments.Took $1.0B of goodwill writedowns across 2 year(s) (FY2019 ($595M), FY2023 ($445M)) — about 426% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
Key fundamentals
Net Margin-2.0%
Debt / Equity3.79x
Free Cash Flow$168.0M
Latest Revenue$6.43B
Return on Equity-10.0%
Revenue Growth YoY-1.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on O-I Glass, Inc. /DE/:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about OI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown