NYSE : OC
Owens Corning — Financial statements
Industrials · Building Products & Equipment · United States
Last price 121.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.61B
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Financial statements
Owens Corning (OC) reported revenue of 9.85B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.85B | 10.10B | 9.85B | 8.37B | 9.76B | 8.50B |
| Cost of Revenue | 7.26B | 7.22B | 6.77B | 5.87B | 7.10B | 6.27B |
| Gross Profit | 2.58B | 2.88B | 3.08B | 2.51B | 2.66B | 2.23B |
| Selling, General & Admin | 1.00B | 1.01B | 954.00M | 747.00M | 787.00M | 745.00M |
| Research & Development | 150.00M | 150.00M | 131.00M | 110.00M | 106.00M | 91.00M |
| Other Operating Expenses | 171.00M | 111.00M | 167.00M | 93.00M | -25.00M | -16.00M |
| Operating Expenses | 1.32B | 1.28B | 1.25B | 950.00M | 868.00M | 820.00M |
| Operating Income | 1.26B | 1.60B | 1.83B | 1.56B | 1.79B | 1.41B |
| Interest Expense | -264.00M | -256.00M | -208.00M | -74.00M | -102.00M | -121.00M |
| Earnings From Equity Investments | 1.00M | 6.00M | 3.00M | 1.00M | ||
| Currency Exchange Gain (Loss) | 2.00M | 2.00M | 1.00M | -6.00M | 28.00M | -4.00M |
| Other Non Operating Income (Expenses) | 2.00M | 2.00M | -2.00M | 1.00M | 2.00M | |
| EBT Excluding Unusual Items | 1.00B | 1.35B | 1.62B | 1.48B | 1.72B | 1.29B |
| Merger & Restructuring Charges | -137.00M | -90.00M | -272.00M | -101.00M | -91.00M | -20.00M |
| Impairment of Goodwill | -1.14B | -1.14B | ||||
| Gain (Loss) on Sale of Investments | 130.00M | |||||
| Gain (Loss) on Sale of Assets | 72.00M | 15.00M | -72.00M | 191.00M | -45.00M | 53.00M |
| Asset Writedown | -39.00M | -39.00M | -96.00M | |||
| Other Unusual Items | 25.00M | -145.00M | -9.00M | |||
| Pretax Income | -214.00M | 105.00M | 1.28B | 1.43B | 1.61B | 1.31B |
| Income Tax Expense | 212.00M | 293.00M | 334.00M | 364.00M | 373.00M | 319.00M |
| Earnings From Continuing Operations | -426.00M | -188.00M | 947.00M | 1.06B | 1.24B | 995.00M |
| Earnings From Discontinued Operations | -242.00M | -334.00M | -300.00M | 132.00M | ||
| Net Income to Company | -668.00M | -522.00M | 647.00M | 1.19B | 1.24B | 995.00M |
| Minority Interest in Earnings | -3.00M | 3.00M | ||||
| Net Income | -671.00M | -522.00M | 647.00M | 1.20B | 1.24B | 995.00M |
| Net Income to Common | -671.00M | -522.00M | 647.00M | 1.20B | 1.24B | 995.00M |
| Shares Outstanding (Basic) | 81.55M | 84.00M | 86.90M | 90.10M | 96.60M | 103.50M |
| Shares Outstanding (Diluted) | 81.55M | 84.00M | 87.80M | 91.00M | 97.70M | 104.30M |
| EPS (Basic) | -8.23 | -6.21 | 7.45 | 13.27 | 12.85 | 9.61 |
| EPS (Diluted) | -8.23 | -6.22 | 7.37 | 13.14 | 12.70 | 9.54 |
| Free Cash Flow | 897.00M | 962.00M | 1.25B | 1.19B | 1.31B | 1.09B |
| Free Cash Flow Per Share | 11.00 | 11.45 | 14.18 | 13.11 | 13.45 | 10.42 |
| Dividend Per Share | 3.06 | 2.86 | 2.49 | 2.16 | 1.57 | 1.13 |
| Gross Margin | 26.23% | 28.52% | 31.27% | 29.93% | 27.23% | 26.27% |
| Operating Margin | 12.80% | 15.89% | 18.56% | 18.59% | 18.34% | 16.62% |
| Profit Margin | -6.81% | -5.17% | 6.57% | 14.29% | 12.71% | 11.71% |
| Free Cash Flow Margin | 9.11% | 9.52% | 12.64% | 14.25% | 13.46% | 12.79% |
| EBITDA | 1.93B | 2.26B | 2.48B | 2.06B | 2.29B | 1.90B |
| EBITDA Margin | 19.64% | 22.39% | 25.14% | 24.61% | 23.51% | 22.37% |
| D&A For EBITDA | 674.00M | 657.00M | 649.00M | 504.00M | 505.00M | 489.00M |
| EBIT | 1.26B | 1.60B | 1.83B | 1.56B | 1.79B | 1.41B |
| EBIT Margin | 12.80% | 15.89% | 18.56% | 18.59% | 18.34% | 16.62% |
| Effective Tax Rate | 279.05% | 26.07% | 25.54% | 23.11% | 24.28% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 271.00M | 345.00M | 321.00M | 1.61B | 1.10B | 959.00M |
| Trading Asset Securities | 11.00M | |||||
| Cash & Short-Term Investments | 271.00M | 345.00M | 321.00M | 1.61B | 1.10B | 970.00M |
| Receivables | 1.51B | 937.00M | 1.14B | 987.00M | 961.00M | 939.00M |
| Inventory | 1.46B | 1.47B | 1.33B | 1.20B | 1.33B | 1.08B |
| Restricted Cash | 8.00M | 8.00M | 8.00M | 8.00M | 8.00M | 7.00M |
| Other Current Assets | 200.00M | 583.00M | 582.00M | 109.00M | 154.00M | 103.00M |
| Total Current Assets | 3.44B | 3.35B | 3.38B | 3.92B | 3.56B | 3.10B |
| Property, Plant & Equipment | 4.66B | 4.97B | 4.49B | 4.21B | 4.06B | 4.13B |
| Long-Term Investments | 62.00M | 86.00M | 29.00M | 27.00M | 45.00M | |
| Goodwill | 1.66B | 1.68B | 2.75B | 1.39B | 1.38B | 990.00M |
| Other Intangible Assets | 2.46B | 2.54B | 2.68B | 1.53B | 1.60B | 1.62B |
| Long-Term Deferred Tax Assets | 15.00M | 10.00M | 8.00M | 24.00M | 16.00M | 31.00M |
| Other Long-Term Assets | 496.00M | 381.00M | 690.00M | 135.00M | 108.00M | 109.00M |
| Total Assets | 12.73B | 12.98B | 14.07B | 11.24B | 10.75B | 10.02B |
| Accounts Payable | 1.35B | 1.26B | 1.30B | 1.22B | 1.34B | 1.09B |
| Accrued Expenses | 182.00M | 213.00M | 224.00M | 233.00M | 232.00M | |
| Short-Term Debt | 65.00M | 50.00M | 1.00M | |||
| Current Portion of Long-Term Debt | 899.00M | 399.00M | 399.00M | |||
| Current Portion of Leases | 123.00M | 119.00M | 115.00M | 94.00M | 80.00M | 74.00M |
| Current Income Taxes Payable | 92.00M | 72.00M | 91.00M | 108.00M | 70.00M | |
| Other Current Liabilities | 531.00M | 561.00M | 595.00M | 300.00M | 338.00M | 226.00M |
| Total Current Liabilities | 2.97B | 2.66B | 2.30B | 2.32B | 2.10B | 1.70B |
| Long-Term Debt | 3.92B | 4.41B | 4.83B | 2.49B | 2.89B | 2.89B |
| Long-Term Leases | 722.00M | 723.00M | 584.00M | 287.00M | 255.00M | 183.00M |
| Pension & Post-Retirement Benefits | 129.00M | 134.00M | 143.00M | 181.00M | 196.00M | 234.00M |
| Long-Term Deferred Tax Liabilities | 857.00M | 737.00M | 719.00M | 427.00M | 388.00M | 376.00M |
| Other Long-Term Liabilities | 324.00M | 419.00M | 381.00M | 315.00M | 299.00M | 304.00M |
| Total Liabilities | 8.92B | 9.09B | 8.96B | 6.03B | 6.13B | 5.68B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 4.25B | 4.26B | 4.23B | 4.17B | 4.14B | 4.09B |
| Retained Earnings | 4.46B | 4.46B | 5.22B | 4.79B | 3.79B | 2.71B |
| Treasury Stock | -4.60B | -4.43B | -3.69B | -3.29B | -2.68B | -1.92B |
| Comprehensive Income & Other | -340.00M | -437.00M | -691.00M | -503.00M | -681.00M | -581.00M |
| Total Common Equity | 3.77B | 3.85B | 5.08B | 5.17B | 4.58B | 4.30B |
| Minority Interest | 39.00M | 40.00M | 43.00M | 44.00M | 46.00M | 39.00M |
| Shareholders' Equity | 3.81B | 3.89B | 5.12B | 5.21B | 4.62B | 4.33B |
| Total Liabilities & Equity | 12.73B | 12.98B | 14.07B | 11.24B | 10.75B | 10.02B |
| Total Debt | 5.73B | 5.71B | 5.53B | 3.27B | 3.22B | 3.14B |
| Net Cash (Debt) | -5.46B | -5.36B | -5.21B | -1.66B | -2.12B | -2.17B |
| Net Cash Per Share | -66.93 | -63.81 | -59.34 | -18.22 | -21.75 | -20.83 |
| Filing Date Shares Outstanding | 79.05M | 80.38M | 85.54M | 87.01M | 90.77M | 99.10M |
| Total Common Shares Outstanding | 79.00M | 80.20M | 85.40M | 87.20M | 91.90M | 100.40M |
| Working Capital | 474.00M | 685.00M | 1.08B | 1.59B | 1.45B | 1.40B |
| Book Value Per Share | 47.75 | 48.04 | 59.45 | 59.24 | 49.78 | 42.79 |
| Tangible Book Value | -346.00M | -361.00M | -348.00M | 2.25B | 1.59B | 1.69B |
| Tangible Book Value Per Share | -4.38 | -4.50 | -4.07 | 25.76 | 17.30 | 16.82 |
| Land | 185.00M | 185.00M | 178.00M | 168.00M | 166.00M | 219.00M |
| Buildings | 1.48B | 1.42B | 1.24B | 1.26B | 1.22B | 1.26B |
| Machinery | 5.51B | 5.47B | 4.88B | 5.40B | 5.22B | 5.34B |
| Construction In Progress | 600.00M | 535.00M | 564.00M | 665.00M | 522.00M | 387.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -671.00M | -522.00M | 647.00M | 1.20B | 1.24B | 995.00M |
| Depreciation & Amortization | 674.00M | 657.00M | 649.00M | 504.00M | 505.00M | 489.00M |
| Loss (Gain) From Sale of Assets | -42.00M | -15.00M | 72.00M | -191.00M | 18.00M | -53.00M |
| Asset Writedown & Restructuring Costs | 1.21B | 1.21B | 506.00M | 101.00M | 122.00M | 13.00M |
| Loss (Gain) From Sale of Investments | -130.00M | |||||
| Stock-Based Compensation | 68.00M | 71.00M | 93.00M | 51.00M | 51.00M | 50.00M |
| Other Operating Activities | 72.00M | -44.00M | -127.00M | 87.00M | -28.00M | 27.00M |
| Change in Accounts Receivable | 235.00M | 235.00M | 6.00M | -26.00M | -14.00M | -28.00M |
| Change in Inventory | -65.00M | -65.00M | -43.00M | 148.00M | -287.00M | -227.00M |
| Change in Accounts Payable | -130.00M | -130.00M | 13.00M | -158.00M | 363.00M | 302.00M |
| Change in Other Net Operating Assets | 155.00M | -63.00M | 71.00M | 3.00M | -81.00M | -65.00M |
| Operating Cash Flow | 1.75B | 1.79B | 1.89B | 1.72B | 1.76B | 1.50B |
| Capital Expenditures | -855.00M | -824.00M | -647.00M | -526.00M | -446.00M | -416.00M |
| Sale of Property, Plant & Equipment | 75.00M | 68.00M | 115.00M | 194.00M | 212.00M | 89.00M |
| Cash Acquisitions | -2.86B | -6.00M | -417.00M | -42.00M | ||
| Other Investing Activities | -1.00M | -9.00M | -4.00M | -18.00M | 28.00M | -8.00M |
| Investing Cash Flow | -411.00M | -765.00M | -3.39B | -356.00M | -623.00M | -377.00M |
| Short-Term Debt Issued | 379.00M | 720.00M | ||||
| Long-Term Debt Issued | 4.75B | |||||
| Total Debt Issued | -355.00M | 379.00M | 5.47B | |||
| Short-Term Debt Repaid | -329.00M | -720.00M | ||||
| Long-Term Debt Repaid | -74.00M | -3.71B | -33.00M | -30.00M | -216.00M | |
| Total Debt Repaid | -47.00M | -403.00M | -4.43B | -33.00M | -30.00M | -216.00M |
| Net Debt Issued (Repaid) | -402.00M | -24.00M | 1.04B | -33.00M | -30.00M | -216.00M |
| Repurchase of Common Stock | -682.00M | -815.00M | -491.00M | -657.00M | -795.00M | -570.00M |
| Common Dividends Paid | -241.00M | -232.00M | -208.00M | -188.00M | -136.00M | -108.00M |
| Other Financing Activities | -1.00M | -1.00M | -5.00M | 1.00M | -13.00M | 13.00M |
| Financing Cash Flow | -1.33B | -1.07B | 334.00M | -877.00M | -974.00M | -881.00M |
| Foreign Exchange Rate Adjustments | -9.00M | 89.00M | -87.00M | 30.00M | -22.00M | -3.00M |
| Net Cash Flow | 6.00M | 38.00M | -1.25B | 516.00M | 141.00M | 242.00M |
| Free Cash Flow | 897.00M | 962.00M | 1.25B | 1.19B | 1.31B | 1.09B |
| Free Cash Flow Margin | 9.11% | 9.52% | 12.64% | 14.25% | 13.46% | 12.79% |
| Free Cash Flow Per Share | 11.00 | 11.45 | 14.18 | 13.11 | 13.45 | 10.42 |
| Levered Free Cash Flow | 869.50M | 715.12M | 702.50M | 917.25M | 1.24B | 948.88M |
| Unlevered Free Cash Flow | 1.03B | 875.12M | 832.50M | 963.50M | 1.30B | 1.02B |
| Cash Interest Paid | 276.00M | 271.00M | 226.00M | 135.00M | 123.00M | 133.00M |
| Cash Income Tax Paid | 156.00M | 264.00M | 423.00M | 428.00M | 319.00M | 244.00M |
| Change in Working Capital | 195.00M | -23.00M | 47.00M | -33.00M | -19.00M | -18.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.58B | 9.20B | 14.61B | 13.17B | 7.97B | 9.09B |
| Enterprise Value | 15.03B | 14.56B | 20.12B | 15.14B | 10.42B | 11.34B |
| Last Close Price | 121.15 | 108.96 | 162.68 | 139.51 | 78.74 | 82.22 |
| PE Ratio | 22.58 | 11.02 | 6.42 | 9.14 | ||
| Forward PE | 12.21 | 11.16 | 10.80 | 10.82 | 7.91 | 9.74 |
| PS Ratio | 0.97 | 0.91 | 1.48 | 1.57 | 0.82 | 1.07 |
| PB Ratio | 2.54 | 2.36 | 2.85 | 2.53 | 1.73 | 2.10 |
| P/TBV Ratio | 5.87 | 5.01 | 5.38 | |||
| P/FCF Ratio | 10.68 | 9.56 | 11.74 | 11.04 | 6.07 | 8.37 |
| P/OCF Ratio | 5.47 | 5.15 | 7.72 | 7.66 | 4.53 | 6.05 |
| PEG Ratio | 8.62 | 10.16 | 1.87 | 2.65 | 0.72 | 0.34 |
| EV/Sales Ratio | 1.53 | 1.44 | 2.04 | 1.81 | 1.07 | 1.33 |
| EV/EBITDA Ratio | 7.77 | 6.44 | 8.12 | 7.35 | 4.54 | 5.97 |
| EV/EBIT Ratio | 11.93 | 9.07 | 11.01 | 9.73 | 5.82 | 8.03 |
| EV/FCF Ratio | 16.76 | 15.13 | 16.16 | 12.70 | 7.93 | 10.43 |
| Debt / Equity Ratio | 1.50 | 1.47 | 1.08 | 0.63 | 0.70 | 0.72 |
| Debt / EBITDA Ratio | 2.74 | 2.37 | 2.13 | 1.52 | 1.35 | 1.59 |
| Debt / FCF Ratio | 6.39 | 5.93 | 4.44 | 2.74 | 2.45 | 2.89 |
| Net Debt / Equity Ratio | 1.43 | 1.38 | 1.02 | 0.32 | 0.46 | 0.50 |
| Net Debt / EBITDA Ratio | 2.82 | 2.37 | 2.10 | 0.81 | 0.93 | 1.14 |
| Net Debt / FCF Ratio | 6.08 | 5.57 | 4.18 | 1.39 | 1.62 | 2.00 |
| Asset Turnover | 0.72 | 0.75 | 0.78 | 0.76 | 0.94 | 0.87 |
| Inventory Turnover | 4.99 | 5.16 | 5.36 | 4.63 | 5.89 | 6.48 |
| Quick Ratio | 0.60 | 0.48 | 0.64 | 1.12 | 0.98 | 1.12 |
| Current Ratio | 1.16 | 1.26 | 1.47 | 1.69 | 1.69 | 1.82 |
| Return on Equity (ROE) | -9.45% | -4.17% | 18.34% | 21.58% | 27.71% | 24.04% |
| Return on Assets (ROA) | 5.79% | 7.41% | 9.03% | 8.85% | 10.77% | 9.05% |
| Return on Invested Capital (ROIC) | 13.47% | -29.35% | 15.72% | 17.02% | 20.77% | 16.41% |
| Return on Capital Employed (ROCE) | 12.90% | 15.60% | 15.50% | 17.50% | 20.70% | 17.00% |
| Earnings Yield | -6.79% | -5.67% | 4.43% | 9.08% | 15.57% | 10.94% |
| FCF Yield | 9.37% | 10.46% | 8.52% | 9.06% | 16.48% | 11.95% |
| Dividend Yield | 2.61% | 2.49% | 1.46% | 1.43% | 1.81% | 1.25% |
| Payout Ratio | 32.15% | 15.72% | 10.96% | 10.85% | ||
| Buyback Yield / Dilution | 5.94% | 4.33% | 3.52% | 6.86% | 6.33% | 3.96% |
| Total Shareholder Return | 8.55% | 6.82% | 4.97% | 8.29% | 8.14% | 5.21% |