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Friday 6 November 2026
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Owens Corning Inc
OC Industrials Building Products & Equipment
Owens Corning Inc’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, up 2.56% from fiscal 2024.
- Revenue
- −7.27%
- EPS
- +46.3%
- Free cash flow
- −16.5%
- Total debt
- −6.36%
Quarter to September 2026, against a year earlier
123.58
4.22
−3.30%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 5,677 | 6,384 | 7,057 | 7,160 | 7,055 | 8,498 | 9,761 | 8,372 | 9,851 | 10,103 | 9,652 | +6.6% | 9,866 | 10,122 | 10,621 | +1.7% | |
| Gross margin, % | 24.26 | 24.58 | 23.13 | 22.47 | 22.82 | 26.09 | 26.80 | 29.03 | 30.87 | 28.09 | 25.03 | +3.8 pt | ||||||
| EBT | 590 | 559 | 704 | 590 | (256) | 1,313 | 1,614 | 1,422 | 1,275 | 104 | (35) | (17.5%) | ||||||
| EBT margin, % | 10.39 | 8.76 | 9.98 | 8.24 | (3.63) | 15.45 | 16.54 | 16.99 | 12.94 | 1.03 | (0.36) | (9.4) pt | ||||||
| Net income | 399 | 290 | 547 | 405 | (385) | 995 | 1,241 | 1,193 | 647 | (522) | (424) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 49.62 | 57.26 | 63.92 | 65.57 | 64.96 | 82.11 | 101.05 | 92.92 | 113.36 | 120.27 | 122.64 | +10.3% | |||||
| Earnings | 3.44 | 2.59 | 4.94 | 3.71 | (3.53) | 9.61 | 12.85 | 13.27 | 7.45 | (6.22) | (5.32) | n/m | ||||||
| Cash flow | 8.24 | 9.11 | 7.27 | 9.50 | 10.45 | 14.52 | 18.22 | 19.08 | 21.77 | 21.26 | 20.93 | +11.1% | ||||||
| Capex | (3.26) | (3.00) | (4.62) | (3.89) | (2.35) | (3.16) | (2.42) | (3.68) | (6.12) | (9.00) | (10.15) | +11.9% | ||||||
| Free cash flow | 4.98 | 6.12 | 2.65 | 5.60 | 8.10 | 11.36 | 15.80 | 15.39 | 15.65 | 12.26 | 10.78 | +10.5% | ||||||
| Book value | 33.99 | 37.70 | 39.17 | 42.77 | 36.29 | 41.88 | 47.58 | 57.55 | 58.92 | 46.35 | 40.67 | +3.5% | ||||||
| Shares, m | 114 | 112 | 110 | 109 | 109 | 104 | 97 | 90 | 87 | 84 | 81 | (3.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 15.10 | 35.74 | 8.90 | 17.55 | 0.00 | 9.42 | 6.75 | 11.25 | 23.08 | 0.00 | 0.00 | 12.8 | |||||
| P/S | 1.05 | 1.61 | 0.69 | 0.99 | 1.17 | 1.10 | 0.85 | 1.60 | 1.50 | 0.93 | 1.01 | 1.1 | ||||||
| P/B | 1.53 | 2.45 | 1.12 | 1.52 | 2.09 | 2.16 | 1.81 | 2.59 | 2.89 | 2.41 | 3.04 | 2.1 | ||||||
| EV/Sales | 1.40 | 1.95 | 1.15 | 1.40 | 1.52 | 1.35 | 1.05 | 1.77 | 1.99 | 1.40 | 1.49 | 1.5 | ||||||
| EV/FCF | 13.92 | 18.25 | 27.79 | 16.34 | 12.17 | 9.73 | 6.72 | 10.70 | 14.40 | 13.76 | 16.91 | 14.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 943 | 1,016 | 803 | 1,037 | 1,135 | 1,503 | 1,760 | 1,719 | 1,892 | 1,786 | 1,647 | +7.4% | |||||
| Capex | (373) | (334) | (510) | (425) | (255) | (327) | (234) | (332) | (532) | (756) | (799) | +8.2% | ||||||
| Free cash flow | 570 | 682 | 293 | 612 | 880 | 1,176 | 1,526 | 1,387 | 1,360 | 1,030 | 848 | +6.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 623 | 703 | 742 | 732 | 1,166 | 1,400 | 1,452 | 1,593 | 1,081 | 685 | 346 | +1.1% | |||||
| Net debt | 1,990 | 2,164 | 3,309 | 2,887 | 2,483 | 2,075 | 1,921 | 1,431 | 4,778 | 4,777 | 4,610 | +10.2% | ||||||
| Shareholders’ equity | 3,889 | 4,204 | 4,324 | 4,671 | 3,941 | 4,335 | 4,596 | 5,185 | 5,120 | 3,893 | 3,201 | 0.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.22 | 3.53 | 5.92 | 4.10 | (3.93) | 10.21 | 11.95 | 10.85 | 5.11 | (3.86) | (3.37) | (9.1) pt | |||||
| ROIC | 7.41 | 7.82 | 6.61 | 6.51 | (1.34) | 14.02 | 16.44 | 15.48 | 9.36 | 2.60 | 1.80 | (4.8) pt | ||||||
| ROE | 10.25 | 7.14 | 12.78 | 9.01 | (8.89) | 24.05 | 27.79 | 24.39 | 12.56 | (11.58) | (11.18) | (21.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 16,000 | 17,000 | 20,000 | 19,000 | 19,000 | 20,000 | 19,000 | 18,000 | 25,000 | 25,000 | — | +5.1% | |||||
| Revenue/emp, $m | 0.35 | 0.38 | 0.35 | 0.38 | 0.37 | 0.42 | 0.51 | 0.47 | 0.39 | 0.40 | — | +1.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2024
| Roofing | 4,630 | 47.00% |
|---|---|---|
| Insulation | 3,926 | 39.85% |
| Doors | 1,448 | 14.70% |
| Gross margin | 30.87% | |
| Operating margin | 15.04% | |
| Pre-tax margin | 12.94% |
Owens Corning Inc vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MAS Masco Corporation | $16.2B | 18.1× | 17.1× | +2.56% (above 0%: growing) | +30.00% (above 0%: growing) | −20.00% (below 0%: shrinking) | 36.62% | 17.24% | Compare |
| CSL Carlisle Companies Incorporated | $14.7B | 21.4× | 20.3× | +8.65% (above 0%: growing) | +5.21% (above 0%: growing) | −29.51% (below 0%: shrinking) | 33.82% | 20.04% | Compare |
| LII Lennox International, Inc. | $11.9B | 16.2× | 16.3× | +10.21% (above 0%: growing) | −8.27% (below 0%: shrinking) | +36.71% (above 0%: growing) | 31.62% | 19.85% | Compare |
| MAIR Madison Air Solutions Corporation | $10.8B | 48.8× | 34.9× | — | — | +79.04% (above 0%: growing) | 38.98% | 19.70% | Compare |
| OC Owens Corning Inc | $9.8B | — (loss-making) | 15.2× | −7.27% (below 0%: shrinking) | n/m | −16.47% (below 0%: shrinking) | 24.71% | (6.11%) | |
| WMS Advanced Drainage Systems, Inc. | $9.3B | 23.3× | 21.8× | +4.59% (above 0%: growing) | −26.87% (below 0%: shrinking) | −8.28% (below 0%: shrinking) | 38.89% | 21.91% | Compare |
| AWI Armstrong World Industries, Inc. | $7.1B | 22.8× | 21.0× | +11.90% (above 0%: growing) | +10.25% (above 0%: growing) | −29.42% (below 0%: shrinking) | 40.08% | 27.57% | Compare |
| BLDR Builders FirstSource, Inc. | $7.1B | 176× | — (loss-making) | −2.21% (below 0%: shrinking) | −49.42% (below 0%: shrinking) | −83.67% (below 0%: shrinking) | 27.82% | 2.57% | Compare |
| SPXC SPX Technologies, Inc. | $6.9B | 23.3× | 24.6× | +20.53% (above 0%: growing) | +26.15% (above 0%: growing) | −79.92% (below 0%: shrinking) | 39.12% | 16.14% | Compare |
| Median of peers | $10.0B | 23.1× | 21.0× | +8.65% | +5.21% | −24.71% | 37.76% | 19.78% |
From the latest earnings call
- Brian Chambers said roofing purchases were pulled into the second quarter ahead of a price increase, leaving distributor inventories heavier than normal in some regions.
- Todd Fister said tariff refunds partly offset conflict-related inflation in the second quarter, while further refunds remained pending and were excluded from the third-quarter outlook.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
105.57%
Held by the ten largest
50.78%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 9.77m | 12.37% | −21.18k |
| BlackRock | 8.81m | 11.16% | −396.31k |
| AQR Capital Management | 3.66m | 4.63% | +1.13m |
| State Street | 3.10m | 3.92% | +33.21k |
| Dimensional Fund Advisors | 2.95m | 3.74% | +187.37k |
| First Trust | 2.90m | 3.67% | +720.49k |
| UBS | 2.67m | 3.37% | +27.75k |
| American Century | 2.26m | 2.86% | +213.02k |
| Davis Selected Advisers | 2.08m | 2.63% | −19.72k |
| Geode Capital Management | 1.93m | 2.44% | +37.04k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 13 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 12.15m | (813.92k) | 160.00 |
| 2024 | 12.21m | 18.21m | 239.00 |
| 2023 | 11.24m | 31.09m | 205.00 |
| 2022 | 10.98m | 14.11m | 116.00 |
| 2021 | 9.78m | 12.62m | 121.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Owens Corning Inc (OC) Latest News
5 Nov
4 Nov
22 Oct
20 Oct
23 Sep
OC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Owens Corning makes building products used in homes and other buildings. Founded in 1938 and headquartered in Toledo, the company is led by Chair and CEO Brian D. Chambers. Its businesses are Roofing, Insulation and Doors.
Roofing’s main product is laminate asphalt shingles, the overlapping pieces that cover many residential roofs. The segment also makes components used with shingles, composite lumber, processed asphalt and glass materials used by other manufacturers. It sells shingles and roofing components mainly through distributors, home centers and lumberyards.