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Crown Holdings

CCK
57
Packaging & Containers · Consumer Cyclical
Also trades as: 0I4X.L
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Strong
Stability
Mixed
Valuation
Good
Dividends
Good

Winston Score History

The full picture

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.

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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

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.

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Quality

Profit per sale
Gross Margin
20.4%
Thin — 20.4% gross margin
Profit after running costs
Operating Margin
15.8%
Healthy — 15.8% operating margin
Return on the money invested
ROCE
20.4%
Exceptional — 20.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

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

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

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
218%
Turns 218% of profit into real cash
Spare cash per sale
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

What it owes vs what it owns
Debt / Equity
2.11
Heavy debt load (2.11)
Covers its interest
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

Price vs profit
P/E Ratio (TTM)
16.8x
no trend
Fair value — P/E 16.8

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

Cheaper or dearer next year
P/E vs Forward
+2.8
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
1.04%
no trend
Small dividend — 1.04% yield

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

Dividend record
Dividend Growth
+27.2%
no trend
Dividend growing fast (27.2% YoY)

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