A Business at a Glance
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Owens Corning
OC
$11.9B
Mkt Cap
$142.34
+2.44%
Owens Corning (OC) has a 5-year average return on invested capital (ROIC) of 14.3%. This indicates solid capital allocation.
Owens Corning (OC) has a market capitalization of $11.5B. It is classified as a large-cap stock.
Yes, Owens Corning (OC) pays a dividend with a trailing twelve-month yield of 2.06%. The company also returns capital through share buybacks, with a buyback yield of 6.12%.
Owens Corning (OC) operates in the Abrasive, Asbestos & Misc Nonmetallic Mineral Prods industry, within the Materials sector.
Owens Corning (OC) reported annual revenue of $10.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Owens Corning (OC) has a net profit margin of -5.2%. The company is currently unprofitable.
Owens Corning (OC) generated $962 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Owens Corning is a global building products company with three reportable segments—Roofing (43% of 2025 segment sales), Insulation (36%), and Doors (21%)—that manufactures and distributes durable, energy-efficient solutions for residential and non-residential construction. The Roofing segment produces laminate asphalt shingles, roofing components, composite lumber, and oxidized asphalt, sold primarily through distributors, home centers, and lumberyards in North America; the company is vertically integrated in asphalt processing and also supplies glass nonwoven mat and specialty veil materials to downstream manufacturers across building, industrial, and renewable energy sectors. The Insulation segment provides products that conserve energy and improve acoustics, fire resistance, and air quality, serving both residential and non-residential markets in North America and Europe. The Doors segment, acquired through the Masonite acquisition in May 2024, designs, manufactures, and distributes interior and exterior doors and door systems for residential new construction and repair-and-remodeling markets. Demand for Roofing products is driven by residential repair-and-remodeling activity, new residential construction, and storm damage, while Insulation and Doors demand correlates with housing starts and discretionary spending; the company operates approximately 25,000 employees across 31 countries and generated net sales of $10.1 billion in 2025. Owens Corning's competitive advantages include market-leading positions, vertical integration in key inputs, an integrated go-to-market model with contractors and builders, and ongoing factory modernization initiatives that improve manufacturing cost position and capacity through targeted capital-efficient investments.
【Market recovery expected mid-year】 Management expects near-term market conditions to remain challenging through the first half of 2026, with gradual improvement anticipated in the second half as residential new construction activity stabilizes, discretionary repair-and-remodeling demand increases, and non-residential construction activity improves. The company is focused on realizing pricing increases announced in April and June 2026 in the Roofing and Insulation segments, which are expected to gain traction in the back half of the year as inflation moderates and market volumes recover. Owens Corning continues to invest in factory modernization and capacity expansion to drive long-term efficiency and growth, while maintaining disciplined capital allocation and returning cash to shareholders as markets recover and structural improvements take effect. The company remains confident in its ability to outperform the market through its strong contractor engagement model, integrated product offering, and ongoing cost optimization initiatives, positioning it to achieve mid-teen returns on capital over the long term.
| Metric | Target | Period |
|---|---|---|
| General corporate EBITDA expense | $245 million–$255 million | FY 2026 |
| Effective tax rate | 24%–26% | FY 2026 |
| Depreciation and amortization | approximately $680 million | FY 2026 |
| Capital additions | approximately $800 million | FY 2026 |
General corporate EBITDA expense (FY 2026): “General corporate EBITDA expense is expected to be between $245 million and $255 million for the year.”
Effective tax rate (FY 2026): “Our effective tax rate for 2026 is expected to be in the range of 24%-26%.”
Depreciation and amortization (FY 2026): “Depreciation and amortization is expected to be approximately $680 million for the year”
Capital additions (FY 2026): “capital additions are expected to be around $800 million, with more than half driving productivity and growth initiatives across the enterprise”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.8B | 10.1B | 9.9B | 8.4B | 9.8B | 8.5B |
| Net Income | -534M | -522M | 647M | 1.2B | 1.2B | 995M |
| EPS | $-5.99 | $-6.22 | $7.37 | $13.14 | $12.70 | $9.54 |
| Free Cash Flow | 827M | 962M | 1.2B | 1.2B | 1.3B | 1.1B |
| ROIC | 0.7% | 2.3% | 13.3% | 18.9% | 20.2% | 17.0% |
| Gross Margin | 26.7% | 28.1% | 30.9% | 29.0% | 26.8% | 26.1% |
| Debt/Equity | 1.40 | 1.38 | 1.09 | 0.56 | 0.70 | 0.73 |
| Dividends/Share | $2.93 | $2.86 | $2.49 | $2.16 | $1.57 | $1.13 |
| Operating Income | 73M | 360M | 1.5B | 1.6B | 1.7B | 1.4B |
| Operating Margin | 0.7% | 3.6% | 15.0% | 19.6% | 17.6% | 16.9% |
| ROE | -14.7% | -11.7% | 12.6% | 24.6% | 28.0% | 24.3% |
| Shares Outstanding | 81M | 84M | 88M | 91M | 98M | 104M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.3B | 5.3B | 5.7B | 6.4B | 7.1B | 7.2B | 7.1B | 8.5B | 9.8B | 8.4B | 9.9B | 10.1B | 9.8B |
| Gross Margin | 18.6% | 21.6% | 24.3% | 24.6% | 23.1% | 22.5% | 22.8% | 26.1% | 26.8% | 29.0% | 30.9% | 28.1% | 26.7% |
| R&D | 76M | 73M | 82M | 85M | 89M | 87M | 82M | 91M | 106M | 110M | 131M | 150M | 152M |
| SG&A | 584M | 605M | 680M | 772M | 825M | 822M | 1.5B | 779M | 902M | 748M | 959M | 1.0B | 1.0B |
| EBIT | 392M | 548M | 697M | 797M | 807M | 787M | -138M | 1.4B | 1.7B | 1.6B | 1.5B | 360M | 73M |
| Op. Margin | 7.5% | 10.2% | 12.3% | 12.5% | 11.4% | 11.0% | -2.0% | 16.9% | 17.6% | 19.6% | 15.0% | 3.6% | 0.7% |
| Net Income | 226M | 330M | 393M | 289M | 545M | 405M | -383M | 995M | 1.2B | 1.2B | 647M | -522M | -534M |
| Net Margin | 4.3% | 6.2% | 6.9% | 4.5% | 7.7% | 5.7% | -5.4% | 11.7% | 12.7% | 14.3% | 6.6% | -5.2% | -5.4% |
| Non-Recurring | 56M | 2.0M | 28M | 53M | 22M | 28M | 985M | 20M | 3.0M | 20M | 218M | 1.2B | 107M |
| Returns on Capital | |||||||||||||
| ROIC | 6.6% | 5.9% | 7.4% | 7.9% | 7.2% | 6.2% | -5.2% | 17.0% | 20.2% | 18.9% | 13.3% | 2.3% | 0.7% |
| ROE | 6.0% | 8.9% | 10.4% | 7.2% | 12.9% | 9.1% | -9.0% | 24.3% | 28.0% | 24.6% | 12.6% | -11.7% | -14.7% |
| ROA | 3.0% | 4.4% | 5.2% | 3.5% | 5.9% | 4.1% | -3.9% | 10.2% | 12.0% | 10.9% | 5.1% | -3.9% | -4.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 452M | 742M | 943M | 1.0B | 803M | 1.0B | 1.1B | 1.5B | 1.8B | 1.7B | 1.9B | 1.8B | 1.7B |
| Free Cash Flow | 61M | 341M | 570M | 679M | 266M | 590M | 828M | 1.1B | 1.3B | 1.2B | 1.2B | 962M | 827M |
| Owner Earnings | 119M | 412M | 559M | 601M | 323M | 541M | 601M | 951M | 1.2B | 1.1B | 1.1B | 1.0B | 904M |
| CapEx | 391M | 401M | 373M | 337M | 537M | 447M | 307M | 416M | 446M | 526M | 647M | 824M | 854M |
| Maint. CapEx | 304M | 300M | 343M | 371M | 433M | 457M | 493M | 502M | 531M | 609M | 677M | 694M | 709M |
| Growth CapEx | 87M | 101M | 30M | 0 | 104M | 0 | 0 | 0 | 0 | 0 | 0 | 130M | 145M |
| D&A | 304M | 300M | 343M | 371M | 433M | 457M | 493M | 502M | 531M | 609M | 677M | 694M | 709M |
| CapEx/OCF | 82.7% | 53.0% | 39.6% | 33.2% | 66.9% | 43.1% | 27.0% | 27.7% | 25.3% | 30.6% | 34.2% | 46.1% | 50.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 56M | 78M | 81M | 89M | 92M | 95M | 104M | 108M | 136M | 188M | 208M | 232M | 236M |
| Dividend Yield | 1.5% | 1.8% | 1.6% | 1.3% | 1.4% | 1.7% | 1.8% | 1.2% | 1.7% | 1.8% | 1.4% | 2.0% | 2.1% |
| Share Buybacks | 44M | 138M | 247M | 159M | 236M | 61M | 318M | 570M | 795M | 657M | 491M | 815M | 701M |
| Buyback Yield | 1.2% | 2.9% | 4.7% | 1.7% | 5.5% | 0.9% | 4.2% | 6.5% | 10.2% | 5.1% | 3.4% | 8.6% | 6.1% |
| Stock-Based Comp | 29M | 30M | 41M | 44M | 47M | 39M | 41M | 50M | 51M | 51M | 93M | 71M | 68M |
| Debt Repayment | 402M | 8.0M | 163M | 351M | 0 | 484M | 0 | 193M | 0 | 0 | 873M | 29M | 29M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.9B | 1.8B | 2.0B | 2.2B | 3.3B | 3.0B | 2.6B | 2.2B | 2.1B | 1.3B | 5.2B | 5.0B | 4.8B |
| Cash & Equiv. | 67M | 96M | 112M | 246M | 78M | 172M | 717M | 959M | 1.1B | 1.6B | 321M | 345M | 272M |
| Long-Term Debt | 2.0B | 1.7B | 2.1B | 2.4B | 3.4B | 3.0B | 3.1B | 3.0B | 3.0B | 2.6B | 5.1B | 4.7B | 4.7B |
| Debt/Equity | 0.54 | 0.50 | 0.55 | 0.58 | 0.79 | 0.69 | 0.85 | 0.73 | 0.70 | 0.56 | 1.09 | 1.38 | 1.40 |
| Interest Coverage | 3.4 | 5.5 | 6.5 | 7.4 | 6.9 | 6.0 | -1.0 | 11.4 | 15.7 | 22.1 | 7.1 | 1.4 | 0.2 |
| Equity | 3.7B | 3.7B | 3.8B | 4.2B | 4.3B | 4.6B | 3.9B | 4.3B | 4.6B | 5.2B | 5.1B | 3.9B | 3.6B |
| Total Assets | 7.5B | 7.3B | 7.7B | 8.6B | 9.8B | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 14.1B | 13.0B | 13.1B |
| Total Liabilities | 3.8B | 3.5B | 3.9B | 4.4B | 5.4B | 5.3B | 5.5B | 5.7B | 6.1B | 6.0B | 9.0B | 9.1B | 9.4B |
| Intangibles | 1.0B | 999M | 1.1B | 1.4B | 1.8B | 1.7B | 1.7B | 1.6B | 1.6B | 1.5B | 2.7B | 2.5B | 2.5B |
| Retained Earnings | 805M | 1.1B | 1.4B | 1.6B | 2.0B | 2.3B | 1.8B | 2.7B | 3.8B | 4.8B | 5.2B | 4.5B | 4.3B |
| Working Capital | 824M | 445M | 623M | 703M | 742M | 732M | 1.2B | 1.4B | 1.5B | 1.6B | 1.1B | 685M | 711M |
| Current Assets | 1.8B | 1.5B | 1.6B | 2.0B | 2.0B | 2.1B | 2.6B | 3.1B | 3.6B | 3.9B | 3.4B | 3.3B | 3.7B |
| Current Liabilities | 983M | 1.1B | 963M | 1.3B | 1.3B | 1.3B | 1.4B | 1.7B | 2.1B | 2.3B | 2.3B | 2.7B | 3.0B |
| Per Share Data | |||||||||||||
| EPS | 1.91 | 2.79 | 3.41 | 2.55 | 4.89 | 3.68 | -3.53 | 9.54 | 12.70 | 13.14 | 7.37 | -6.22 | -5.99 |
| Owner EPS | 1.01 | 3.48 | 4.85 | 5.30 | 2.90 | 4.92 | 5.54 | 9.12 | 12.06 | 11.63 | 12.78 | 12.17 | 11.23 |
| Book Value | 31.20 | 31.61 | 33.40 | 36.72 | 38.43 | 42.08 | 35.95 | 41.19 | 46.82 | 56.76 | 57.83 | 45.91 | 45.27 |
| Cash Flow/Share | 3.82 | 6.27 | 8.18 | 8.96 | 7.20 | 9.42 | 10.46 | 14.41 | 18.01 | 18.89 | 21.55 | 21.28 | 2.17 |
| Dividends/Share | 0.64 | 0.68 | 0.74 | 0.81 | 0.85 | 0.90 | 0.98 | 1.13 | 1.57 | 2.16 | 2.49 | 2.86 | 2.93 |
| Shares Out. | 118.3M | 118.3M | 115.2M | 113.3M | 111.5M | 110.1M | 108.5M | 104.3M | 97.7M | 91.0M | 87.8M | 83.9M | 80.5M |
| Valuation | |||||||||||||
| P/E Ratio | 15.6 | 14.4 | 13.2 | 31.8 | 7.9 | 16.0 | N/A | 8.8 | 6.3 | 10.9 | 22.5 | N/A | -23.8 |
| P/FCF | 57.8 | 13.9 | 9.1 | 13.6 | 16.2 | 11.0 | 9.1 | 8.0 | 5.9 | 10.9 | 11.7 | 9.9 | 13.9 |
| EV/EBIT | 15.7 | 11.7 | 10.1 | 14.0 | 9.3 | 11.6 | N/A | 6.8 | 5.0 | 7.3 | 12.9 | 38.8 | 223.2 |
| Price/Book | 1.0 | 1.3 | 1.4 | 2.2 | 1.0 | 1.4 | 1.9 | 2.0 | 1.7 | 2.5 | 2.9 | 2.5 | 3.1 |
| Price/Sales | 0.7 | 0.8 | 0.9 | 1.1 | 0.9 | 0.8 | 0.8 | 1.0 | 0.8 | 1.1 | 1.5 | 1.2 | 1.2 |
| FCF Yield | 1.7% | 7.2% | 11.0% | 7.4% | 6.2% | 9.1% | 11.0% | 12.5% | 16.8% | 9.2% | 8.5% | 10.1% | 7.2% |
| Market Cap | 3.5B | 4.8B | 5.2B | 9.2B | 4.3B | 6.5B | 7.5B | 8.7B | 7.8B | 13.0B | 14.6B | 9.5B | 11.5B |
| Avg. Price | 31.52 | 36.04 | 42.95 | 59.57 | 58.44 | 49.52 | 54.47 | 84.84 | 82.31 | 112.77 | 165.17 | 139.91 | 142.34 |
| Year-End Price | 29.81 | 40.16 | 45.14 | 81.19 | 38.71 | 58.79 | 69.26 | 83.54 | 79.86 | 142.79 | 166.18 | 112.95 | 142.34 |
Owens Corning passes 5 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 11.9x vs a median of 10.4x. The company's 5-year average ROIC is 14.3% with a gross margin of 28.2%. Total shareholder yield (dividends + buybacks) is 8.2%. At current prices, the estimated annualized return to fair value is +20.7%.
Owens Corning (OC) has a debt-to-equity ratio of 1.38. This indicates moderate leverage.
Owens Corning (OC) reported earnings per share (EPS) of $-6.22 in its most recent fiscal year.
Owens Corning (OC) has a return on equity (ROE) of -11.7%. A negative ROE may indicate losses or negative equity.
Owens Corning (OC) has a 5-year average gross margin of 28.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for Owens Corning (OC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Owens Corning (OC) has a book value per share of $45.91, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects near-term market conditions to remain challenging through the first half of 2026, with gradual improvement anticipated in the second half as residential new construction activity stabilizes, discretionary repair-and-remodeling demand increases, and non-residential construction activity improves. The company is focused on realizing pricing increases announced in April and June 2026 in the Roofing and Insulation segments, which are expected to gain traction in the back half of the year as inflation moderates and market volumes recover. Owens Corning continues to invest in factory modernization and capacity expansion to drive long-term efficiency and growth, while maintaining disciplined capital allocation and returning cash to shareholders as markets recover and structural improvements take effect. The company remains confident in its ability to outperform the market through its strong contractor engagement model, integrated product offering, and ongoing cost optimization initiatives, positioning it to achieve mid-teen returns on capital over the long term.
Based on recent SEC filings and earnings calls, Owens Corning (OC) has provided the following forward guidance: General corporate EBITDA expense: $245 million–$255 million (FY 2026); Effective tax rate: 24%–26% (FY 2026); Depreciation and amortization: approximately $680 million (FY 2026); Capital additions: approximately $800 million (FY 2026).