Owens Corning (OC) Financials

$122.94 -0.09 (-0.07%)

As of 02:38 PM Eastern

Annual Income Statements for Owens Corning

This table shows Owens Corning's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	330	393	289	545	405	-383	995	1,241	1,196	647	-522
Consolidated Net Income / (Loss)	334	399	290	547	405	-385	995	1,241	1,193	647	-522
Net Income / (Loss) Continuing Operations	334	399	290	547	405	-385	995	1,241	2,125	1,894	-376
Total Pre-Tax Income	453	590	559	704	590	-256	1,313	1,614	1,422	1,275	104
Total Operating Income	548	697	797	807	787	-138	1,438	1,714	1,639	1,482	360
Total Gross Profit	1,153	1,377	1,569	1,632	1,609	1,610	2,217	2,616	2,430	3,041	2,838
Total Revenue	5,350	5,677	6,384	7,057	7,160	7,055	8,498	9,761	8,372	9,851	10,103
Operating Revenue	5,350	5,677	6,384	7,057	7,160	7,055	8,498	9,761	8,372	9,851	10,103
Total Cost of Revenue	4,197	4,300	4,815	5,425	5,551	5,445	6,281	7,145	5,942	6,810	7,265
Operating Cost of Revenue	4,197	4,300	4,815	5,425	5,551	5,445	6,281	7,145	5,942	6,810	7,265
Total Operating Expenses	605	680	772	825	822	1,748	779	902	791	1,559	2,478
Selling, General & Admin Expense	-	-	-	-	-	-	-	-	748	959	1,014
Research & Development Expense	73	82	85	89	87	82	91	106	110	131	150
Other Operating Expenses / (Income)	7.00	14	67	36	37	58	-69	-7.00	-67	469	140
Impairment Charge	-	-	-	0.00	0.00	944	-	-	0.00	0.00	1,174
Total Other Income / (Expense), net	-95	-107	-238	-103	-197	-118	-125	-100	-217	-207	-256
Interest Expense	95	109	178	117	163	132	135	109	74	208	256
Other Income / (Expense), net	-	2.00	-60	14	-34	14	10	9.00	-143	1.00	0.00
Income Tax Expense	120	188	269	156	186	129	319	373	364	334	293
Other Gains / (Losses), net	1.00	-3.00	0.00	-1.00	1.00	0.00	1.00	0.00	3.00	6.00	1.00
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	132	-300	-334
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	6.00	1.00	2.00	0.00	-2.00	0.00	0.00	-3.00	0.00	0.00
Basic Earnings per Share	$2.82	$3.44	$2.59	$4.94	$3.71	($3.53)	$9.61	$12.85	$13.27	$7.45	($6.22)
Weighted Average Basic Shares Outstanding	117.20M	114.40M	111.50M	110.40M	109.20M	108.60M	103.50M	90.77M	87.01M	85.54M	80.38M
Diluted Earnings per Share	$2.79	$3.41	$2.55	$4.89	$3.68	($3.53)	$9.54	$12.70	$13.14	$7.37	($6.22)
Weighted Average Diluted Shares Outstanding	236.40M	115.40M	113.20M	111.40M	110.10M	108.60M	104.30M	90.77M	87.01M	85.54M	80.38M
Weighted Average Basic & Diluted Shares Outstanding	117M	114.20M	111.60M	110.30M	108.28M	104.93M	99.10M	90.77M	87.01M	85.54M	80.38M
Cash Dividends to Common per Share	$0.68	$0.74	$0.81	$0.85	$0.90	$0.98	$1.13	$1.57	$2.16	$2.49	$2.86

This table shows Owens Corning's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	345	337	131	299	285	321	-258	-93	363	-494	-298
Consolidated Net Income / (Loss)	344	337	130	298	286	321	-258	-93	362	-494	-297
Net Income / (Loss) Continuing Operations	344	337	130	555	513	574	-258	510	667	-990	-563
Total Pre-Tax Income	464	446	169	360	356	403	-303	343	442	-393	-288
Total Operating Income	487	462	329	376	418	472	-242	407	505	-327	-225
Total Gross Profit	752	727	615	628	813	851	799	725	858	757	498
Total Revenue	2,563	2,479	2,304	2,017	2,497	2,763	2,840	2,530	2,747	2,684	2,142
Operating Revenue	2,563	2,479	2,304	2,017	2,497	2,763	2,840	2,530	2,747	2,684	2,142
Total Cost of Revenue	1,811	1,752	1,689	1,389	1,684	1,912	2,041	1,805	1,889	1,927	1,644
Operating Cost of Revenue	1,811	1,752	1,689	1,389	1,684	1,912	2,041	1,805	1,889	1,927	1,644
Total Operating Expenses	265	265	286	252	395	379	1,041	318	353	1,084	723
Selling, General & Admin Expense	207	201	-	190	229	258	-	261	263	240	250
Research & Development Expense	28	29	38	27	32	32	43	35	37	39	39
Other Operating Expenses / (Income)	30	35	29	35	134	89	211	22	53	25	40
Total Other Income / (Expense), net	-23	-16	-160	-16	-62	-69	-61	-64	-63	-66	-63
Interest Expense	23	17	14	16	63	69	61	64	63	65	64
Other Income / (Expense), net	0.00	1.00	-146	0.00	1.00	0.00	-	0.00	0.00	-1.00	1.00
Income Tax Expense	121	110	40	83	101	118	-43	88	110	102	-7.00
Net Income / (Loss) Discontinued Operations	-	-	-	21	29	34	-	-348	29	1.00	-16
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	0.00	-1.00	-2.00	2.00	0.00	-	0.00	-2.00	0.00	2.00
Basic Earnings per Share	$3.81	$3.74	$1.53	$3.42	$3.27	$3.69	($2.93)	($1.08)	$4.27	($5.92)	($3.49)
Weighted Average Basic Shares Outstanding	90.50M	90M	87.01M	86.66M	86.95M	85.78M	85.54M	85.05M	83.63M	82.19M	80.38M
Diluted Earnings per Share	$3.78	$3.71	$1.48	$3.40	$3.24	$3.65	($2.92)	($1.08)	$4.25	($5.92)	($3.47)
Weighted Average Diluted Shares Outstanding	91.30M	90.90M	87.01M	86.66M	86.95M	85.78M	85.54M	85.05M	83.63M	82.19M	80.38M
Weighted Average Basic & Diluted Shares Outstanding	89.83M	88.87M	87.01M	86.66M	86.95M	85.78M	85.54M	85.05M	83.63M	82.19M	80.38M

This table details how cash moves in and out of Owens Corning's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	29	22	135	-168	94	545	242	141	516	-1,254	38
Net Cash From Operating Activities	742	943	1,016	803	1,037	1,135	1,503	1,760	1,719	1,892	1,786
Net Cash From Continuing Operating Activities	742	943	1,016	803	1,037	1,135	1,503	1,760	1,719	1,892	1,786
Net Income / (Loss) Continuing Operations	334	399	290	547	405	-385	995	1,241	1,193	647	-522
Consolidated Net Income / (Loss)	334	399	290	547	405	-385	995	1,241	1,193	647	-522
Depreciation Expense	300	343	371	433	457	493	502	531	609	677	694
Non-Cash Adjustments To Reconcile Net Income	27	53	189	47	116	999	6.00	35	-50	623	1,646
Changes in Operating Assets and Liabilities, net	81	148	166	-224	59	28	0.00	-47	-33	-55	-32
Net Cash From Investing Activities	-369	-815	-901	-1,589	-394	-205	-377	-623	-356	-3,393	-765
Net Cash From Continuing Investing Activities	-369	-815	-901	-1,589	-394	-205	-377	-623	-356	-3,393	-765
Purchase of Property, Plant & Equipment	-401	-373	-337	-537	-447	-307	-416	-446	-526	-647	-824
Acquisitions	0.00	-452	-570	-1,143	0.00	0.00	-42	-417	-6.00	-2,857	0.00
Sale of Property, Plant & Equipment	28	0.00	3.00	27	22	52	89	212	194	115	68
Other Investing Activities, net	4.00	6.00	-	-	0.00	0.00	-4.00	-16	-18	-4.00	-9.00
Net Cash From Financing Activities	-333	-88	3.00	647	-573	-358	-881	-974	-877	334	-1,072
Net Cash From Continuing Financing Activities	-333	-88	3.00	647	-573	-358	-881	-974	-877	334	-1,072
Repayment of Debt	-1,682	-1,138	-351	-1,984	-2,734	-1,074	-193	-4.00	1.00	-878	-359
Repurchase of Common Equity	-138	-247	-159	-236	-61	-318	-570	-795	-657	-491	-815
Payment of Dividends	-78	-81	-89	-92	-95	-104	-108	-145	-188	-208	-232
Issuance of Debt	1,565	1,378	602	2,959	2,617	1,154	13	0.00	0.00	4,752	379
Other Financing Activities, net	-	-	-	-	-300	-16	-23	-30	-33	-2,841	-45
Effect of Exchange Rate Changes	-11	-18	17	-29	24	-27	-3.00	-22	30	-87	89

This table details how cash moves in and out of Owens Corning's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	212	355	291	-361	-988	245	-150	79	-175	78	56
Net Cash From Operating Activities	494	691	698	24	493	699	676	-49	327	918	590
Net Cash From Continuing Operating Activities	494	691	698	24	493	699	676	-49	327	918	590
Net Income / (Loss) Continuing Operations	344	337	130	298	286	321	-258	-93	362	-494	-297
Consolidated Net Income / (Loss)	344	337	130	298	286	321	-258	-93	362	-494	-297
Depreciation Expense	159	160	163	131	167	185	194	159	172	182	181
Non-Cash Adjustments To Reconcile Net Income	18	28	143	9.00	30	-	609	359	40	806	441
Changes in Operating Assets and Liabilities, net	-27	166	262	-414	10	193	131	-474	-247	424	265
Net Cash From Investing Activities	-126	-117	-137	-146	-3,008	-39	-200	-159	-188	-166	-252
Net Cash From Continuing Investing Activities	-126	-117	-137	-146	-3,008	-39	-200	-159	-188	-166	-252
Purchase of Property, Plant & Equipment	-122	-110	-136	-152	-157	-141	-197	-203	-198	-166	-257
Sale of Property, Plant & Equipment	-	-	5.00	6.00	6.00	102	1.00	52	10	1.00	5.00
Net Cash From Financing Activities	-169	-200	-292	-234	1,555	-420	-567	264	-376	-671	-289
Net Cash From Continuing Financing Activities	-169	-200	-292	-234	1,555	-420	-567	264	-376	-671	-289
Repayment of Debt	1.00	-1.00	1.00	-11	-312	-715	-2,640	-360	2.00	328	-329
Repurchase of Common Equity	-115	-144	-238	-161	-24	-203	-103	-136	-227	-220	-232
Payment of Dividends	-47	-47	-46	-52	-52	-52	-52	-59	-59	-58	-56
Issuance of Debt	-	-	-	0.00	-	560	-560	830	-81	-709	339
Other Financing Activities, net	-8.00	-8.00	-9.00	-10	-2,809	-10	2,788	-11	-11	-12	-11
Effect of Exchange Rate Changes	13	-19	22	-5.00	-28	5.00	-59	23	62	-3.00	7.00

This table presents Owens Corning's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	7,326	7,741	8,632	9,771	10,006	9,481	10,015	10,752	11,237	14,075	12,980
Total Current Assets	1,508	1,586	1,985	2,020	2,061	2,606	3,097	3,556	3,917	3,378	3,345
Cash & Equivalents	96	112	246	78	172	717	959	1,099	1,615	321	345
Accounts Receivable	709	678	806	794	770	919	939	961	987	1,140	937
Inventories, net	644	710	841	1,072	1,033	855	1,078	1,334	1,198	1,327	1,472
Other Current Assets	47	74	80	76	86	115	121	117	117	163	165
Other Current Nonoperating Assets	12	12	12	-	-	-	0.00	45	-	427	426
Plant, Property, & Equipment, net	2,956	3,112	3,425	3,811	3,855	3,809	3,873	3,729	3,841	3,818	4,170
Total Noncurrent Assets	2,862	3,043	3,222	3,940	4,090	3,066	3,045	3,467	3,479	6,879	5,465
Goodwill	1,167	1,336	1,507	1,949	1,932	989	990	1,383	1,392	2,745	1,679
Intangible Assets	999	1,138	1,360	1,779	1,721	1,667	1,617	1,602	1,528	2,680	2,535
Noncurrent Deferred & Refundable Income Taxes	492	375	144	43	46	28	31	16	24	8.00	10
Other Noncurrent Operating Assets	204	194	211	169	391	382	407	466	535	867	987
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	579	254
Total Liabilities & Shareholders' Equity	7,326	7,741	8,632	9,771	10,006	9,481	10,015	10,752	11,237	14,075	12,980
Total Liabilities	3,547	3,850	4,428	5,447	5,335	5,540	5,680	6,131	6,027	8,955	9,087
Total Current Liabilities	1,063	963	1,282	1,278	1,329	1,440	1,697	2,104	2,324	2,297	2,660
Short-Term Debt	169	4.00	-	-	-	-	-	28	431	33	485
Accounts Payable	894	960	-	-	-	875	1,095	1,345	1,216	1,301	1,257
Other Current Liabilities	-	-	-	-	-	565	602	731	677	737	696
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	226	222
Total Noncurrent Liabilities	2,484	2,887	3,146	4,169	4,006	4,100	3,983	4,027	3,703	6,658	6,427
Long-Term Debt	1,702	2,099	2,405	3,362	2,986	3,126	2,960	2,992	2,615	5,067	4,687
Capital Lease Obligations	-	-	-	-	138	99	109	152	165	348	450
Noncurrent Deferred & Payable Income Tax Liabilities	8.00	36	37	141	272	332	376	388	427	719	737
Noncurrent Employee Benefit Liabilities	637	588	481	458	410	330	234	196	181	143	134
Other Noncurrent Operating Liabilities	137	164	223	208	200	213	304	299	315	286	323
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	95	96
Total Equity & Noncontrolling Interests	3,779	3,889	4,204	4,324	4,671	3,941	4,335	4,596	5,185	5,120	3,893
Total Preferred & Common Equity	3,739	3,849	4,162	4,283	4,631	3,901	4,296	4,575	5,166	5,077	3,853
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,739	3,849	4,162	4,283	4,631	3,901	4,296	4,575	5,166	5,077	3,853
Common Stock	3,966	3,985	4,012	4,029	4,052	4,060	4,093	4,140	4,167	4,229	4,257
Retained Earnings	1,055	1,377	1,575	2,013	2,319	1,829	2,706	3,794	4,794	5,224	4,463
Treasury Stock	-612	-803	-911	-1,103	-1,130	-1,400	-1,922	-2,678	-3,292	-3,685	-4,430
Accumulated Other Comprehensive Income / (Loss)	-670	-710	-514	-656	-610	-588	-581	-681	-503	-691	-437
Noncontrolling Interest	40	40	42	41	40	40	39	21	19	43	40

This table presents Owens Corning's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	10,721	10,840	11,001	11,069	11,269	14,991	15,054	14,266	14,483	13,517
Total Current Assets	3,567	3,593	3,791	3,949	3,981	3,719	3,863	3,924	3,916	3,727
Cash & Equivalents	751	757	968	1,323	1,254	254	499	400	230	286
Accounts Receivable	1,304	1,388	1,413	1,300	1,410	1,680	1,577	1,557	1,644	1,440
Inventories, net	1,322	1,340	1,288	1,232	1,205	1,576	1,596	1,407	1,459	1,423
Other Current Assets	190	108	122	94	112	209	191	145	160	154
Other Current Nonoperating Assets	-	0.00	0.00	0.00	-	-	-	415	423	424
Plant, Property, & Equipment, net	3,660	3,745	3,723	3,688	3,796	4,640	4,593	3,859	3,952	3,994
Total Noncurrent Assets	3,494	3,502	3,487	3,432	3,492	6,632	6,598	6,483	6,615	5,796
Goodwill	1,367	1,387	1,387	1,378	1,385	2,683	2,867	2,762	2,814	2,029
Intangible Assets	1,677	1,610	1,565	1,526	1,510	3,006	2,771	2,660	2,664	2,609
Noncurrent Deferred & Refundable Income Taxes	17	18	20	19	30	39	32	11	8.00	8.00
Other Noncurrent Operating Assets	433	487	515	509	567	904	928	834	878	907
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	216	251	243
Total Liabilities & Shareholders' Equity	10,721	10,840	11,001	11,069	11,269	14,991	15,054	14,266	14,483	13,517
Total Liabilities	6,035	6,003	5,942	5,919	5,997	9,466	9,381	9,342	9,279	9,079
Total Current Liabilities	2,014	1,933	1,832	1,826	2,268	2,722	2,682	2,720	2,574	2,669
Short-Term Debt	-	-	-	-	433	590	438	534	456	476
Accounts Payable	1,320	1,243	1,201	1,161	1,177	1,403	1,401	1,292	1,253	1,316
Other Current Liabilities	694	690	631	665	658	729	844	702	683	697
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	192	182	180
Total Noncurrent Liabilities	4,021	4,070	4,110	4,093	3,729	6,744	6,699	6,622	6,705	6,410
Long-Term Debt	2,988	2,999	3,004	3,002	2,645	5,020	5,028	5,045	5,080	4,678
Capital Lease Obligations	132	157	165	156	164	386	404	342	359	372
Noncurrent Deferred & Payable Income Tax Liabilities	398	411	438	430	423	811	733	687	695	789
Noncurrent Employee Benefit Liabilities	208	195	192	189	178	176	178	142	144	143
Other Noncurrent Operating Liabilities	295	308	311	316	319	351	356	296	318	322
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	110	109	106
Total Equity & Noncontrolling Interests	4,661	4,812	5,034	5,125	5,247	5,525	5,673	4,924	5,204	4,438
Total Preferred & Common Equity	4,640	4,791	5,014	5,105	5,229	5,472	5,623	4,882	5,163	4,399
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,640	4,791	5,014	5,105	5,229	5,472	5,623	4,882	5,163	4,399
Common Stock	4,125	4,130	4,144	4,153	4,160	4,187	4,205	4,210	4,226	4,241
Retained Earnings	3,719	4,129	4,427	4,718	5,041	5,273	5,541	5,072	5,376	4,824
Treasury Stock	-2,428	-2,816	-2,920	-3,063	-3,433	-3,391	-3,592	-3,782	-3,989	-4,211
Accumulated Other Comprehensive Income / (Loss)	-776	-652	-637	-703	-539	-597	-531	-618	-450	-455
Noncontrolling Interest	21	21	20	20	18	53	50	42	41	39

This table displays calculated financial ratios and metrics derived from Owens Corning's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.71%	6.11%	12.45%	10.54%	1.46%	-1.47%	20.45%	14.86%	-0.86%	13.41%	2.56%
EBITDA Growth	21.84%	22.88%	6.33%	13.18%	-3.51%	-69.50%	428.46%	15.59%	0.98%	-20.69%	-51.20%
EBIT Growth	39.80%	27.55%	5.44%	11.40%	-8.28%	-116.47%	1,267.74%	18.99%	-3.25%	-32.33%	-75.72%
NOPAT Growth	5.03%	17.89%	-12.94%	51.93%	-14.21%	-117.93%	1,226.95%	21.06%	2.84%	-41.81%	-159.81%
Net Income Growth	46.49%	19.46%	-27.32%	88.62%	-25.96%	-195.06%	358.44%	24.72%	-3.87%	-45.77%	-180.68%
EPS Growth	46.07%	22.22%	-25.22%	91.76%	-24.74%	-195.92%	370.26%	33.12%	3.46%	-43.91%	-184.40%
Operating Cash Flow Growth	64.16%	27.09%	7.74%	-20.96%	29.14%	9.45%	32.42%	17.10%	-2.33%	10.06%	-5.60%
Free Cash Flow Firm Growth	4.69%	-71.55%	-1,013.11%	53.73%	175.68%	408.87%	-54.59%	1.95%	7.58%	-324.76%	106.00%
Invested Capital Growth	-2.07%	5.90%	30.06%	16.42%	0.74%	-27.96%	-0.06%	3.17%	2.36%	51.16%	-7.89%
Revenue Q/Q Growth	0.98%	1.54%	3.62%	1.70%	-0.44%	3.42%	2.48%	1.60%	0.20%	5.13%	-13.35%
EBITDA Q/Q Growth	4.31%	2.26%	-0.54%	7.09%	-6.71%	83.58%	2.15%	-6.01%	1.47%	-17.92%	-8.51%
EBIT Q/Q Growth	6.61%	-0.29%	-0.94%	10.05%	-11.41%	54.24%	3.58%	-7.66%	0.06%	-27.37%	-19.10%
NOPAT Q/Q Growth	11.31%	-3.22%	-21.62%	36.63%	-11.92%	42.74%	-1.06%	-7.52%	8.71%	-37.41%	-230.05%
Net Income Q/Q Growth	29.46%	-5.23%	-23.88%	46.65%	-19.64%	29.10%	-0.20%	-7.87%	0.68%	-37.49%	-8.07%
EPS Q/Q Growth	29.77%	-4.48%	-23.88%	47.73%	-19.30%	29.54%	1.06%	-6.62%	1.08%	-37.38%	-9.70%
Operating Cash Flow Q/Q Growth	-7.25%	-6.73%	6.05%	-3.02%	16.13%	-1.99%	-5.23%	23.94%	1.36%	-1.15%	-4.59%
Free Cash Flow Firm Q/Q Growth	-24.76%	-29.80%	-5,008.55%	22.02%	165.66%	103.88%	-56.90%	69.54%	-9.00%	3.74%	-93.55%
Invested Capital Q/Q Growth	-2.74%	-1.82%	17.83%	14.82%	-1.31%	-16.49%	2.51%	-5.75%	-2.56%	-6.84%	-5.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.55%	24.26%	24.58%	23.13%	22.47%	22.82%	26.09%	26.80%	27.73%	29.65%	28.09%
EBITDA Margin	15.85%	18.35%	17.36%	17.77%	16.90%	5.23%	22.95%	23.09%	23.52%	16.45%	10.43%
Operating Margin	10.24%	12.28%	12.48%	11.44%	10.99%	-1.96%	16.92%	17.56%	18.72%	10.27%	3.56%
EBIT Margin	10.24%	12.31%	11.54%	11.63%	10.52%	-1.76%	17.04%	17.65%	17.23%	10.28%	3.56%
Profit (Net Income) Margin	6.24%	7.03%	4.54%	7.75%	5.66%	-5.46%	11.71%	12.71%	12.33%	5.90%	-5.17%
Tax Burden Percent	73.73%	67.63%	51.88%	77.70%	68.64%	150.39%	75.78%	76.89%	74.98%	70.63%	-501.92%
Interest Burden Percent	82.66%	84.41%	75.85%	85.75%	78.35%	206.45%	90.68%	93.67%	95.44%	81.21%	28.89%
Effective Tax Rate	26.49%	31.86%	48.12%	22.16%	31.53%	0.00%	24.30%	23.11%	25.20%	30.02%	281.73%
Return on Invested Capital (ROIC)	7.19%	8.32%	6.12%	7.61%	6.04%	-1.25%	16.89%	20.13%	20.15%	9.23%	-7.12%
ROIC Less NNEP Spread (ROIC-NNEP)	3.46%	4.27%	1.56%	5.57%	3.01%	-9.75%	12.83%	16.41%	11.19%	5.04%	-4.30%
Return on Net Nonoperating Assets (RNNOA)	1.70%	2.08%	1.04%	5.22%	2.96%	-7.69%	7.16%	7.58%	4.12%	3.30%	-4.46%
Return on Equity (ROE)	8.90%	10.40%	7.16%	12.83%	9.01%	-8.94%	24.05%	27.71%	24.27%	12.53%	-11.58%
Cash Return on Invested Capital (CROIC)	9.28%	2.59%	-20.00%	-7.56%	5.30%	31.25%	16.95%	17.01%	17.81%	-31.51%	1.09%
Operating Return on Assets (OROA)	7.37%	9.28%	9.00%	8.92%	7.61%	-1.27%	14.85%	16.59%	15.16%	8.91%	2.66%
Return on Assets (ROA)	4.49%	5.30%	3.54%	5.94%	4.10%	-3.95%	10.21%	11.95%	10.85%	5.11%	-3.86%
Return on Common Equity (ROCE)	8.80%	10.29%	7.09%	12.70%	8.92%	-8.86%	23.82%	27.45%	24.05%	12.42%	-11.48%
Return on Equity Simple (ROE_SIMPLE)	8.93%	10.37%	6.97%	12.77%	8.75%	-9.87%	23.16%	27.13%	23.09%	12.74%	0.00%
Net Operating Profit after Tax (NOPAT)	403	475	413	628	539	-97	1,089	1,318	1,355	789	-654
NOPAT Margin	7.53%	8.37%	6.48%	8.90%	7.53%	-1.37%	12.81%	13.50%	14.01%	7.19%	-6.48%
Net Nonoperating Expense Percent (NNEP)	3.73%	4.06%	4.57%	2.03%	3.03%	8.50%	4.06%	3.72%	8.96%	4.19%	-2.83%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.97%	16.14%	7.41%	-6.88%
Cost of Revenue to Revenue	78.45%	75.74%	75.42%	76.87%	77.53%	77.18%	73.91%	73.20%	72.27%	70.35%	71.91%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.04%
R&D to Revenue	1.36%	1.44%	1.33%	1.26%	1.22%	1.16%	1.07%	1.09%	1.27%	1.31%	1.48%
Operating Expenses to Revenue	11.31%	11.98%	12.09%	11.69%	11.48%	24.78%	9.17%	9.24%	9.00%	19.38%	24.53%
Earnings before Interest and Taxes (EBIT)	548	699	737	821	753	-124	1,448	1,723	1,667	1,128	360
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	848	1,042	1,108	1,254	1,210	369	1,950	2,254	2,276	1,805	1,054
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	1.36	2.22	1.02	1.42	1.98	2.02	1.68	2.50	2.87	2.37
Price to Tangible Book Value (P/TBV)	3.07	3.80	7.14	7.91	6.72	6.21	5.14	4.83	5.76	0.00	0.00
Price to Revenue (P/Rev)	0.90	0.92	1.45	0.62	0.92	1.10	1.02	0.79	1.34	1.33	0.90
Price to Earnings (P/E)	14.63	13.28	31.97	8.05	16.24	0.00	8.72	6.18	10.81	22.49	0.00
Dividend Yield	1.64%	1.61%	0.98%	2.09%	1.46%	1.34%	1.20%	1.71%	1.43%	1.41%	2.48%
Earnings Yield	6.84%	7.53%	3.13%	12.42%	6.16%	0.00%	11.47%	16.17%	9.25%	4.45%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.24	1.50	0.87	1.07	1.59	1.68	1.47	2.14	1.92	1.64
Enterprise Value to Revenue (EV/Rev)	1.24	1.28	1.79	1.09	1.34	1.46	1.27	1.00	1.51	1.80	1.43
Enterprise Value to EBITDA (EV/EBITDA)	7.83	6.96	10.33	6.15	7.91	27.85	5.55	4.34	6.40	10.95	13.71
Enterprise Value to EBIT (EV/EBIT)	12.12	10.38	15.52	9.39	12.71	0.00	7.48	5.68	8.74	17.52	40.14
Enterprise Value to NOPAT (EV/NOPAT)	16.49	15.27	27.67	12.28	17.76	0.00	9.95	7.43	10.75	25.06	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.95	7.69	11.26	9.60	9.23	9.05	7.20	5.56	8.48	10.45	8.09
Enterprise Value to Free Cash Flow (EV/FCFF)	12.78	49.04	0.00	0.00	20.23	4.27	9.91	8.79	12.16	0.00	144.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.54	0.57	0.78	0.67	0.82	0.71	0.69	0.62	1.08	1.44
Long-Term Debt to Equity	0.45	0.54	0.57	0.78	0.67	0.82	0.71	0.68	0.53	1.07	1.32
Financial Leverage	0.49	0.49	0.67	0.94	0.98	0.79	0.56	0.46	0.37	0.65	1.04
Leverage Ratio	1.98	1.96	2.02	2.16	2.20	2.26	2.36	2.32	2.24	2.45	3.00
Compound Leverage Factor	1.64	1.66	1.53	1.85	1.72	4.67	2.14	2.17	2.13	1.99	0.87
Debt to Total Capital	33.12%	35.09%	36.39%	43.74%	40.08%	45.00%	41.45%	40.70%	38.13%	51.92%	59.09%
Short-Term Debt to Total Capital	2.99%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	5.12%	0.36%	5.10%
Long-Term Debt to Total Capital	30.12%	35.02%	36.39%	43.74%	40.08%	45.00%	41.45%	40.34%	33.01%	51.56%	53.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.71%	0.70%	0.64%	0.53%	0.51%	0.56%	0.53%	0.59%	0.52%	0.40%	0.42%
Common Equity to Total Capital	66.18%	64.21%	62.97%	55.72%	59.41%	54.44%	58.02%	58.71%	61.35%	47.68%	40.49%
Debt to EBITDA	2.21	2.02	2.17	2.68	2.58	8.74	1.57	1.41	1.41	3.06	5.33
Net Debt to EBITDA	2.09	1.91	1.95	2.62	2.44	6.80	1.08	0.92	0.70	2.86	5.01
Long-Term Debt to EBITDA	2.01	2.01	2.17	2.68	2.58	8.74	1.57	1.39	1.22	3.04	4.87
Debt to NOPAT	4.64	4.43	5.82	5.35	5.80	-33.39	2.82	2.41	2.37	7.01	-8.59
Net Debt to NOPAT	4.41	4.19	5.22	5.23	5.48	-25.96	1.94	1.57	1.18	6.55	-8.07
Long-Term Debt to NOPAT	4.23	4.42	5.82	5.35	5.80	-33.39	2.82	2.39	2.05	6.96	-7.85
Altman Z-Score	2.07	2.19	2.63	1.86	2.12	1.96	2.79	2.84	3.41	2.63	2.02
Noncontrolling Interest Sharing Ratio	1.04%	1.07%	1.04%	0.97%	0.90%	0.93%	0.95%	0.95%	0.92%	0.84%	0.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.65	1.55	1.58	1.55	1.81	1.83	1.69	1.69	1.47	1.26
Quick Ratio	0.76	0.82	0.82	0.68	0.71	1.14	1.12	0.98	1.12	0.70	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	520	148	-1,351	-625	473	2,406	1,093	1,114	1,198	-2,693	100
Operating Cash Flow to CapEx	198.93%	252.82%	304.19%	157.45%	244.00%	445.10%	459.63%	752.14%	517.77%	355.64%	236.24%
Free Cash Flow to Firm to Interest Expense	5.47	1.36	-7.59	-5.34	2.90	18.23	8.09	10.22	15.77	-12.70	0.39
Operating Cash Flow to Interest Expense	7.81	8.65	5.71	6.86	6.36	8.60	11.13	16.15	22.62	8.92	6.98
Operating Cash Flow Less CapEx to Interest Expense	3.88	5.23	3.83	2.50	3.75	6.67	8.71	14.00	18.25	6.42	4.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.75	0.78	0.77	0.72	0.72	0.87	0.94	0.88	0.87	0.75
Accounts Receivable Turnover	7.74	8.19	8.60	8.82	9.16	8.35	9.15	10.27	9.94	9.84	9.73
Inventory Turnover	5.75	6.35	6.21	5.67	5.27	5.77	6.50	5.92	5.52	5.54	5.19
Fixed Asset Turnover	1.83	1.87	1.95	1.95	1.87	1.84	2.21	2.57	2.56	2.74	2.53
Accounts Payable Turnover	4.55	4.64	0.00	0.00	0.00	0.00	6.38	5.86	5.46	5.84	5.68
Days Sales Outstanding (DSO)	47.18	44.59	42.42	41.38	39.86	43.69	39.90	35.52	36.74	37.10	37.52
Days Inventory Outstanding (DIO)	63.53	57.47	58.79	64.35	69.21	63.28	56.17	61.61	66.07	65.83	70.31
Days Payable Outstanding (DPO)	80.14	78.69	0.00	0.00	0.00	0.00	57.24	62.32	66.83	62.54	64.26
Cash Conversion Cycle (CCC)	30.57	23.37	101.21	105.73	109.07	106.97	38.83	34.81	35.98	40.38	43.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,542	5,869	7,633	8,886	8,952	6,449	6,445	6,649	6,806	10,288	8,808
Invested Capital Turnover	0.96	1.00	0.95	0.85	0.80	0.92	1.32	1.49	1.44	1.28	1.10
Increase / (Decrease) in Invested Capital	-117	327	1,764	1,253	66	-2,503	-4.00	204	157	3,482	-754
Enterprise Value (EV)	6,643	7,253	11,442	7,713	9,569	10,277	10,827	9,793	14,569	19,763	14,451
Market Capitalization	4,828	5,220	9,241	4,388	6,577	7,729	8,678	7,674	12,929	14,552	9,134
Book Value per Share	$32.07	$33.96	$37.41	$39.18	$42.57	$36.04	$42.75	$48.95	$58.13	$59.18	$46.88
Tangible Book Value per Share	$13.49	$12.13	$11.64	$5.08	$8.99	$11.50	$16.81	$17.01	$25.27	($5.29)	($4.39)
Total Capital	5,650	5,994	6,609	7,686	7,795	7,166	7,404	7,793	8,421	10,649	9,515
Total Debt	1,871	2,103	2,405	3,362	3,124	3,225	3,069	3,172	3,211	5,529	5,622
Total Long-Term Debt	1,702	2,099	2,405	3,362	3,124	3,225	3,069	3,144	2,780	5,491	5,137
Net Debt	1,775	1,991	2,159	3,284	2,952	2,508	2,110	2,073	1,596	5,168	5,277
Capital Expenditures (CapEx)	373	373	334	510	425	255	327	234	332	532	756
Debt-free, Cash-free Net Working Capital (DFCFNWC)	518	515	457	664	560	449	441	381	409	758	825
Debt-free Net Working Capital (DFNWC)	614	627	703	742	732	1,166	1,400	1,480	2,024	1,119	1,170
Net Working Capital (NWC)	445	623	703	742	732	1,166	1,400	1,452	1,593	1,081	685
Net Nonoperating Expense (NNE)	69	76	123	81	134	288	94	77	162	142	-132
Net Nonoperating Obligations (NNO)	1,763	1,978	3,429	4,562	4,281	2,508	2,110	2,028	1,596	5,168	4,915
Total Depreciation and Amortization (D&A)	300	343	371	433	457	493	502	531	609	677	694
Debt-free, Cash-free Net Working Capital to Revenue	9.68%	9.07%	7.16%	9.41%	7.82%	6.36%	5.19%	3.90%	4.23%	6.91%	8.17%
Debt-free Net Working Capital to Revenue	11.48%	11.04%	11.01%	10.51%	10.22%	16.53%	16.47%	15.16%	20.92%	10.20%	11.58%
Net Working Capital to Revenue	8.32%	10.97%	11.01%	10.51%	10.22%	16.53%	16.47%	14.88%	16.46%	9.85%	6.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.82	$3.44	$2.59	$4.94	$3.71	($3.53)	$9.61	$12.85	$13.27	$7.45	($6.22)
Adjusted Weighted Average Basic Shares Outstanding	117.20M	114.40M	111.50M	110.40M	109.20M	108.60M	103.50M	96.60M	90.10M	85.54M	80.38M
Adjusted Diluted Earnings per Share	$2.79	$3.41	$2.55	$4.89	$3.68	($3.53)	$9.54	$12.70	$13.14	$7.37	($6.22)
Adjusted Weighted Average Diluted Shares Outstanding	118.20M	112.39M	113.20M	111.40M	110.10M	108.60M	104.30M	97.70M	91M	85.54M	80.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	115.54M	112.39M	111.75M	109.58M	108.28M	104.93M	99.10M	90.77M	87.01M	85.54M	80.38M
Normalized Net Operating Profit after Tax (NOPAT)	403	475	413	628	539	564	1,089	1,318	1,355	1,127	1,074
Normalized NOPAT Margin	7.53%	8.37%	6.48%	8.90%	7.53%	8.00%	12.81%	13.50%	14.01%	10.27%	10.63%
Pre Tax Income Margin	8.47%	10.39%	8.76%	9.98%	8.24%	-3.63%	15.45%	16.54%	16.44%	8.35%	1.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.77	6.41	4.14	7.02	4.62	-0.94	10.73	15.81	21.93	5.32	1.41
NOPAT to Interest Expense	4.24	4.36	2.32	5.37	3.31	-0.73	8.06	12.09	17.83	3.72	-2.56
EBIT Less CapEx to Interest Expense	1.84	2.99	2.26	2.66	2.01	-2.87	8.30	13.66	17.57	2.81	-1.55
NOPAT Less CapEx to Interest Expense	0.31	0.93	0.45	1.01	0.70	-2.66	5.64	9.94	13.46	1.21	-5.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.35%	20.30%	30.69%	16.82%	23.46%	-27.01%	10.85%	11.68%	15.76%	32.15%	-44.44%
Augmented Payout Ratio	64.67%	82.21%	85.52%	59.96%	38.52%	-109.61%	68.14%	75.75%	70.83%	108.04%	-200.57%

This table displays calculated financial ratios and metrics derived from Owens Corning's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.46%	-1.98%	0.83%	-1.33%	8.82%	22.87%	23.26%	25.43%	10.01%	-2.86%	-16.78%
EBITDA Growth	3.03%	-15.81%	10.54%	-19.21%	-3.25%	11.40%	-113.87%	11.64%	15.53%	-122.22%	-110.49%
EBIT Growth	-0.41%	-24.10%	0.55%	-24.53%	-5.95%	9.94%	-232.24%	8.24%	20.53%	-169.49%	-203.70%
NOPAT Growth	-0.51%	-28.81%	78.25%	-21.91%	-8.50%	6.27%	-167.46%	4.59%	26.69%	-168.57%	-191.73%
Net Income Growth	0.29%	-28.15%	6.56%	-21.99%	-16.86%	-4.75%	-298.46%	-131.21%	26.57%	-253.89%	-15.12%
EPS Growth	8.31%	-23.35%	10.45%	-18.47%	-14.29%	-1.62%	-297.30%	-131.76%	31.17%	-262.19%	-18.84%
Operating Cash Flow Growth	6.01%	49.89%	3.41%	114.63%	-0.20%	1.16%	-3.15%	-304.17%	-33.67%	31.33%	-12.72%
Free Cash Flow Firm Growth	-342.03%	249.79%	249.15%	319.87%	-1,610.52%	-982.22%	-3,979.10%	-1,062.42%	131.30%	140.74%	123.08%
Invested Capital Growth	8.60%	-0.99%	2.36%	0.33%	55.19%	58.10%	51.16%	39.34%	-6.93%	-15.81%	-7.89%
Revenue Q/Q Growth	9.95%	-3.28%	-7.06%	-0.17%	21.26%	9.21%	-6.76%	-10.92%	8.58%	-2.29%	-20.19%
EBITDA Q/Q Growth	-2.27%	-3.56%	-44.46%	54.34%	17.04%	11.04%	-106.92%	1,279.17%	19.61%	-121.57%	70.55%
EBIT Q/Q Growth	-8.80%	-4.93%	-60.48%	120.22%	13.65%	11.14%	-147.54%	268.18%	24.08%	-164.95%	31.71%
NOPAT Q/Q Growth	-9.64%	-3.32%	-27.85%	23.89%	5.88%	12.28%	-145.80%	278.62%	25.36%	-160.34%	31.19%
Net Income Q/Q Growth	-9.95%	-2.03%	-61.42%	129.23%	-4.03%	12.24%	-180.37%	63.95%	489.25%	-236.46%	39.88%
EPS Q/Q Growth	-9.35%	-1.85%	-60.11%	129.73%	-4.71%	12.65%	-180.00%	63.01%	493.52%	-239.29%	41.39%
Operating Cash Flow Q/Q Growth	401.22%	39.88%	1.01%	-96.56%	1,954.17%	41.79%	-3.29%	-107.25%	767.35%	180.73%	-35.73%
Free Cash Flow Firm Q/Q Growth	-64.64%	294.45%	-77.48%	208.30%	-1,380.83%	-0.29%	1.00%	30.07%	145.44%	30.75%	-60.68%
Invested Capital Q/Q Growth	0.33%	-3.79%	-2.56%	6.65%	55.19%	-1.99%	-6.84%	-1.67%	3.66%	-11.34%	-5.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.34%	29.33%	26.69%	29.57%	31.09%	29.81%	28.13%	28.66%	31.23%	28.20%	23.25%
EBITDA Margin	25.20%	25.13%	15.02%	23.22%	22.41%	22.78%	-1.69%	22.37%	24.65%	-5.44%	-2.01%
Operating Margin	19.00%	18.64%	14.28%	17.52%	16.39%	16.71%	-8.52%	16.09%	18.38%	-12.18%	-10.50%
EBIT Margin	19.00%	18.68%	7.94%	17.52%	16.42%	16.71%	-8.52%	16.09%	18.38%	-12.22%	-10.46%
Profit (Net Income) Margin	13.42%	13.59%	5.64%	12.96%	10.25%	10.54%	-9.08%	-3.68%	13.18%	-18.41%	-13.87%
Tax Burden Percent	74.14%	75.56%	76.92%	77.20%	72.59%	73.12%	85.15%	-27.11%	81.90%	125.70%	103.13%
Interest Burden Percent	95.28%	96.33%	92.35%	95.78%	86.03%	86.25%	125.21%	84.28%	87.52%	119.82%	128.57%
Effective Tax Rate	26.08%	24.66%	23.67%	22.80%	27.92%	27.33%	0.00%	25.66%	24.89%	0.00%	0.00%
Return on Invested Capital (ROIC)	19.56%	19.32%	15.68%	18.00%	12.59%	14.06%	-7.66%	15.81%	14.90%	-9.78%	-8.09%
ROIC Less NNEP Spread (ROIC-NNEP)	18.81%	18.79%	8.99%	17.40%	11.49%	12.71%	-10.28%	4.80%	14.59%	-14.96%	-11.07%
Return on Net Nonoperating Assets (RNNOA)	8.38%	8.03%	3.32%	7.55%	8.63%	8.46%	-6.73%	3.38%	14.99%	-15.13%	-11.49%
Return on Equity (ROE)	27.94%	27.35%	18.99%	25.56%	21.21%	22.52%	-14.39%	19.19%	29.89%	-24.91%	-19.58%
Cash Return on Invested Capital (CROIC)	11.66%	18.76%	17.81%	17.18%	-29.88%	-31.04%	-31.51%	-23.70%	15.27%	15.22%	1.09%
Operating Return on Assets (OROA)	17.12%	16.56%	6.99%	15.29%	12.47%	13.36%	-7.39%	14.47%	14.64%	-9.97%	-7.81%
Return on Assets (ROA)	12.10%	12.05%	4.97%	11.31%	7.79%	8.42%	-7.88%	-3.31%	10.50%	-15.02%	-10.36%
Return on Common Equity (ROCE)	27.67%	27.09%	18.82%	25.33%	21.02%	22.32%	-14.27%	19.03%	29.63%	-24.69%	-19.40%
Return on Equity Simple (ROE_SIMPLE)	26.27%	23.21%	0.00%	21.21%	19.21%	18.41%	0.00%	5.24%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	360	348	251	311	329	370	-169	303	379	-229	-158
NOPAT Margin	14.05%	14.04%	10.90%	13.53%	11.81%	12.14%	-5.96%	11.96%	13.81%	-8.53%	-7.35%
Net Nonoperating Expense Percent (NNEP)	0.74%	0.53%	6.68%	0.60%	1.09%	1.36%	2.62%	11.02%	0.31%	5.18%	2.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.99%	-	-	-	-1.59%	2.79%	3.42%	-2.30%	-1.66%
Cost of Revenue to Revenue	70.66%	70.67%	73.31%	70.43%	68.91%	70.19%	71.87%	71.34%	68.77%	71.80%	76.75%
SG&A Expenses to Revenue	8.08%	8.11%	0.00%	9.22%	8.93%	9.16%	0.00%	10.32%	9.57%	8.94%	11.67%
R&D to Revenue	1.09%	1.17%	1.65%	1.35%	1.22%	1.18%	1.51%	1.38%	1.35%	1.45%	1.82%
Operating Expenses to Revenue	10.34%	10.69%	12.41%	12.04%	14.70%	13.10%	36.65%	12.57%	12.85%	40.39%	33.75%
Earnings before Interest and Taxes (EBIT)	487	463	183	403	458	509	-242	407	505	-328	-224
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	646	623	346	534	625	694	-48	566	677	-146	-43
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.30	2.36	2.50	2.83	2.74	2.72	2.87	2.50	2.25	2.67	2.37
Price to Tangible Book Value (P/TBV)	5.59	5.46	5.76	6.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.19	1.25	1.34	1.53	1.52	1.47	1.33	1.06	0.99	1.01	0.90
Price to Earnings (P/E)	8.72	10.11	10.81	13.29	14.26	14.77	22.49	47.91	34.95	0.00	0.00
Dividend Yield	1.36%	1.43%	1.43%	1.35%	1.29%	1.32%	1.41%	1.81%	1.89%	1.90%	2.48%
Earnings Yield	11.46%	9.89%	9.25%	7.53%	7.01%	6.77%	4.45%	2.09%	2.86%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.90	1.99	2.14	2.31	1.85	1.88	1.92	1.76	1.65	1.83	1.64
Enterprise Value to Revenue (EV/Rev)	1.42	1.44	1.51	1.74	2.11	1.98	1.80	1.55	1.48	1.46	1.43
Enterprise Value to EBITDA (EV/EBITDA)	5.84	6.20	6.40	7.82	9.77	9.42	10.95	9.54	8.87	14.80	13.71
Enterprise Value to EBIT (EV/EBIT)	7.60	8.35	8.74	10.94	13.80	13.34	17.52	15.34	13.93	38.30	40.14
Enterprise Value to NOPAT (EV/NOPAT)	9.93	11.15	10.75	13.24	16.78	16.44	25.06	22.30	19.72	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.40	8.20	8.48	8.81	10.91	10.83	10.45	9.77	10.49	9.11	8.09
Enterprise Value to Free Cash Flow (EV/FCFF)	16.95	10.56	12.16	13.50	0.00	0.00	0.00	0.00	10.44	11.01	144.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.61	0.62	0.61	1.09	1.03	1.08	1.20	1.13	1.25	1.44
Long-Term Debt to Equity	0.63	0.61	0.53	0.53	0.98	0.96	1.07	1.09	1.05	1.14	1.32
Financial Leverage	0.45	0.43	0.37	0.43	0.75	0.67	0.65	0.70	1.03	1.01	1.04
Leverage Ratio	2.23	2.22	2.24	2.19	2.46	2.41	2.45	2.50	2.75	2.83	3.00
Compound Leverage Factor	2.13	2.13	2.07	2.09	2.11	2.08	3.07	2.11	2.40	3.39	3.86
Debt to Total Capital	38.51%	38.01%	38.13%	38.08%	52.04%	50.85%	51.92%	54.60%	53.11%	55.46%	59.09%
Short-Term Debt to Total Capital	0.00%	0.00%	5.12%	5.09%	5.12%	3.79%	0.36%	4.92%	4.11%	4.78%	5.10%
Long-Term Debt to Total Capital	38.51%	38.01%	33.01%	32.99%	46.92%	47.06%	51.56%	49.67%	49.00%	50.68%	53.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.55%	0.54%	0.52%	0.51%	0.46%	0.43%	0.40%	0.39%	0.37%	0.39%	0.42%
Common Equity to Total Capital	60.94%	61.45%	61.35%	61.42%	47.50%	48.71%	47.68%	45.02%	46.52%	44.15%	40.49%
Debt to EBITDA	1.34	1.41	1.41	1.51	2.82	2.67	3.06	3.18	3.02	4.80	5.33
Net Debt to EBITDA	0.93	0.82	0.70	0.93	2.70	2.44	2.86	2.96	2.90	4.55	5.01
Long-Term Debt to EBITDA	1.34	1.41	1.22	1.31	2.54	2.47	3.04	2.89	2.78	4.38	4.87
Debt to NOPAT	2.28	2.53	2.37	2.55	4.84	4.66	7.01	7.43	6.70	-27.88	-8.59
Net Debt to NOPAT	1.59	1.47	1.18	1.57	4.63	4.26	6.55	6.92	6.44	-26.44	-8.07
Long-Term Debt to NOPAT	2.28	2.53	2.05	2.21	4.36	4.31	6.96	6.76	6.18	-25.48	-7.85
Altman Z-Score	2.97	3.06	2.97	3.26	2.28	2.39	2.31	2.28	2.31	2.15	1.87
Noncontrolling Interest Sharing Ratio	0.95%	0.93%	0.92%	0.88%	0.93%	0.88%	0.84%	0.83%	0.88%	0.88%	0.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.07	2.16	1.69	1.76	1.37	1.44	1.47	1.44	1.52	1.40	1.26
Quick Ratio	1.30	1.44	1.12	1.17	0.71	0.77	0.70	0.72	0.73	0.65	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-215	418	94	287	-3,678	-3,688	-3,651	-2,553	1,160	1,517	597
Operating Cash Flow to CapEx	404.92%	628.18%	532.82%	16.44%	326.49%	1,792.31%	344.90%	-32.45%	173.94%	556.36%	234.13%
Free Cash Flow to Firm to Interest Expense	-9.35	24.59	6.72	16.89	-57.46	-52.69	-59.86	-39.90	18.42	23.34	9.32
Operating Cash Flow to Interest Expense	21.48	40.65	49.86	1.41	7.70	9.99	11.08	-0.77	5.19	14.12	9.22
Operating Cash Flow Less CapEx to Interest Expense	16.17	34.18	40.50	-7.18	5.34	9.43	7.87	-3.13	2.21	11.58	5.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.89	0.88	0.87	0.76	0.80	0.87	0.90	0.80	0.82	0.75
Accounts Receivable Turnover	7.01	7.42	9.94	6.89	6.38	7.26	9.84	7.74	7.06	7.73	9.73
Inventory Turnover	5.59	5.50	5.52	5.40	4.88	5.21	5.54	6.23	5.50	5.54	5.19
Fixed Asset Turnover	2.62	2.63	2.56	2.56	2.36	2.52	2.74	3.00	2.73	2.72	2.53
Accounts Payable Turnover	5.62	5.66	5.46	5.68	5.36	5.75	5.84	6.59	6.28	6.15	5.68
Days Sales Outstanding (DSO)	52.09	49.21	36.74	52.94	57.18	50.30	37.10	47.13	51.68	47.23	37.52
Days Inventory Outstanding (DIO)	65.30	66.40	66.07	67.59	74.85	70.04	65.83	58.58	66.40	65.93	70.31
Days Payable Outstanding (DPO)	64.94	64.50	66.83	64.27	68.06	63.45	62.54	55.38	58.11	59.33	64.26
Cash Conversion Cycle (CCC)	52.45	51.10	35.98	56.26	63.97	56.88	40.38	50.34	59.97	53.82	43.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,260	6,985	6,806	7,260	11,267	11,043	10,288	10,116	10,486	9,297	8,808
Invested Capital Turnover	1.39	1.38	1.44	1.33	1.07	1.16	1.28	1.32	1.08	1.15	1.10
Increase / (Decrease) in Invested Capital	575	-70	157	24	4,007	4,058	3,482	2,856	-781	-1,746	-754
Enterprise Value (EV)	13,778	13,906	14,569	16,805	20,798	20,720	19,763	17,780	17,345	17,045	14,451
Market Capitalization	11,532	12,026	12,929	14,774	15,003	15,299	14,552	12,217	11,639	11,766	9,134
Book Value per Share	$55.64	$56.83	$58.13	$59.90	$63.15	$64.67	$59.18	$57.07	$60.70	$52.60	$46.88
Tangible Book Value per Share	$22.88	$24.50	$25.27	$26.74	($2.50)	($0.17)	($5.29)	($6.31)	($3.70)	($2.86)	($4.39)
Total Capital	8,228	8,308	8,421	8,514	11,521	11,543	10,649	10,845	11,099	9,964	9,515
Total Debt	3,169	3,158	3,211	3,242	5,996	5,870	5,529	5,921	5,895	5,526	5,622
Total Long-Term Debt	3,169	3,158	2,780	2,809	5,406	5,432	5,491	5,387	5,439	5,050	5,137
Net Debt	2,201	1,835	1,596	1,988	5,742	5,371	5,168	5,521	5,665	5,240	5,277
Capital Expenditures (CapEx)	122	110	131	146	151	39	196	151	188	165	252
Debt-free, Cash-free Net Working Capital (DFCFNWC)	991	800	409	892	1,333	1,120	758	1,338	1,568	1,248	825
Debt-free Net Working Capital (DFNWC)	1,959	2,123	2,024	2,146	1,587	1,619	1,119	1,738	1,798	1,534	1,170
Net Working Capital (NWC)	1,959	2,123	1,593	1,713	997	1,181	1,081	1,204	1,342	1,058	685
Net Nonoperating Expense (NNE)	16	11	121	13	43	49	89	396	17	265	140
Net Nonoperating Obligations (NNO)	2,201	1,835	1,596	1,988	5,742	5,370	5,168	5,192	5,282	4,859	4,915
Total Depreciation and Amortization (D&A)	159	160	163	131	167	185	194	159	172	182	181
Debt-free, Cash-free Net Working Capital to Revenue	10.21%	8.28%	4.23%	9.25%	13.50%	10.73%	6.91%	11.65%	13.36%	10.70%	8.17%
Debt-free Net Working Capital to Revenue	20.18%	21.98%	20.92%	22.25%	16.08%	15.51%	10.20%	15.13%	15.32%	13.16%	11.58%
Net Working Capital to Revenue	20.18%	21.98%	16.46%	17.76%	10.10%	11.31%	9.85%	10.48%	11.43%	9.07%	6.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.81	$3.74	$1.53	$3.42	$3.27	$3.69	($2.93)	($1.08)	$4.27	($5.92)	($3.49)
Adjusted Weighted Average Basic Shares Outstanding	90.50M	90M	87.01M	87.30M	87.20M	87M	85.54M	85.05M	83.63M	82.19M	80.38M
Adjusted Diluted Earnings per Share	$3.78	$3.71	$1.48	$3.40	$3.24	$3.65	($2.92)	($1.08)	$4.25	($5.92)	($3.47)
Adjusted Weighted Average Diluted Shares Outstanding	91.30M	90.90M	87.01M	87.90M	88M	87.90M	85.54M	85.05M	83.63M	82.19M	80.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.83M	88.87M	87.01M	86.66M	86.95M	85.78M	85.54M	85.05M	83.63M	82.19M	80.38M
Normalized Net Operating Profit after Tax (NOPAT)	360	348	251	311	329	370	-169	303	379	317	-158
Normalized NOPAT Margin	14.05%	14.04%	10.90%	13.53%	11.81%	12.14%	-5.96%	11.96%	13.81%	11.81%	-7.35%
Pre Tax Income Margin	18.10%	17.99%	7.34%	16.78%	14.13%	14.41%	-10.67%	13.56%	16.09%	-14.64%	-13.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.17	27.24	13.07	23.71	7.16	7.27	-3.97	6.36	8.02	-5.05	-3.50
NOPAT to Interest Expense	15.65	20.47	17.94	18.30	5.15	5.28	-2.78	4.73	6.02	-3.52	-2.46
EBIT Less CapEx to Interest Expense	15.87	20.76	3.71	15.12	4.80	6.71	-7.18	4.00	5.03	-7.58	-7.44
NOPAT Less CapEx to Interest Expense	10.35	14.00	8.58	9.71	2.79	4.73	-5.99	2.37	3.04	-6.06	-6.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.22%	14.77%	15.76%	17.31%	18.74%	19.52%	32.15%	83.98%	66.87%	-47.21%	-44.44%
Augmented Payout Ratio	68.41%	71.98%	70.83%	76.65%	72.69%	80.00%	108.04%	266.02%	268.37%	-189.23%	-200.57%

Financials Breakdown Chart

Key Financial Trends

Owens Corning (OC) – four-year trend snapshot

OC’s quarterly results from 2022 through 2025 show a large, stable revenue base of roughly $2.4–$2.9 billion per quarter, with seasonality affecting the fourth quarter. Gross margins generally sit in the high 20% to low 30% range, supporting reasonable profitability, though 2025 included a notable one-time impairment that weighed on the quarterly results. Operating cash flow has been improving in 2025, contributing to better liquidity, and the company has maintained a solid cash position. Debt remains sizable, and financing cash flows were mixed due to debt activity and shareholder actions. The company continued to pay a per-share dividend of around $0.69 in 2025.

On the balance sheet side, total assets trended up modestly over the period, while liabilities stayed elevated. Equity benefited from retained earnings, helping to support the capital structure even as leverage remains a focus for investors.

Operating cash flow remained robust in 2025, with net cash from continuing operating activities of 918 million in Q3 2025 and 590 million in Q4 2025.
Gross margin stayed in a healthy range (roughly 28%–31%) across recent quarters, signaling ongoing profitability in OC’s core business.
Cash and cash equivalents stayed strong, roughly in the 2.3 to 2.9 billion range across 2024–2025, supporting liquidity.
Free cash flow was positive in multiple 2025 quarters, reflecting solid operating cash flow and moderate capital investment.
Dividends per share remained at about $0.69, indicating ongoing shareholder returns.
Q4 tends to be a seasonal revenue trough, reflecting construction market patterns and quarterly cyclicality.
Total assets rose modestly over 2024–2025, with equity supported by retained earnings and ongoing investment activity.
One-time impairment charge of about 780 million in Q3 2025 weighed on operating income and pretax results.
Net income to common shareholders was negative in Q3 2025 and again in Q4 2025, highlighting quarterly earnings volatility.
Financing activities drained cash in 2025 due to debt repayments and stock repurchases, reducing overall cash flow.

05/07/26 02:38 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Owens Corning's Financials

When does Owens Corning's financial year end?

According to the most recent income statement we have on file, Owens Corning's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Owens Corning's net income changed over the last 10 years?

Owens Corning's net income appears to be on an upward trend, with a most recent value of -$522 million in 2025, falling from $334 million in 2015. The previous period was $647 million in 2024. Check out Owens Corning's forecast to explore projected trends and price targets.

What is Owens Corning's operating income?

Owens Corning's total operating income in 2025 was $360 million, based on the following breakdown:

Total Gross Profit: $2.84 billion
Total Operating Expenses: $2.48 billion

How has Owens Corning's revenue changed over the last 10 years?

Over the last 10 years, Owens Corning's total revenue changed from $5.35 billion in 2015 to $10.10 billion in 2025, a change of 88.8%.

How much debt does Owens Corning have?

Owens Corning's total liabilities were at $9.09 billion at the end of 2025, a 1.5% increase from 2024, and a 156.2% increase since 2015.

How much cash does Owens Corning have?

In the past 10 years, Owens Corning's cash and equivalents has ranged from $78 million in 2018 to $1.62 billion in 2023, and is currently $345 million as of their latest financial filing in 2025.

How has Owens Corning's book value per share changed over the last 10 years?

Over the last 10 years, Owens Corning's book value per share changed from 32.07 in 2015 to 46.88 in 2025, a change of 46.2%.

Related Companies

Financial statements for NYSE:OC last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Owens Corning (OC) Financials

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Owens Corning (OC) Financials

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