Owens Corning Inc (OC) vs SPX Technologies, Inc. (SPXC)

Owens Corning Inc and SPX Technologies, Inc. are both Building Products & Equipment companies. Owens Corning Inc is the larger, with a market value of $9.5B against $8.6B — 1.1× the size. Owens Corning Inc has negative trailing earnings, so its P/E is not meaningful; SPX Technologies, Inc. trades at 30.7×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against −7.23%. SPX Technologies, Inc. has the higher net margin (11.3% vs −6.81%) and the higher return on invested capital (8.94% vs 0.36%). Across the 21 metrics below, SPX Technologies, Inc. leads on 15 and Owens Corning Inc on 6.

Valuation

Metric OC SPXC Building Products & Equipment median
P/E n/m 30.69 24.54
P/S 1.01 3.49 2.00
P/B 2.61 3.68 3.02
Price to free cash flow 10.23 28.52 18.49
EV/EBITDA 7.65 16.51 12.63
EV/Sales 1.50 3.68 2.14
Earnings yield (6.51%) 3.26% 2.74%
Free cash flow yield 9.77% 3.51% 3.58%

Profitability

Metric OC SPXC Building Products & Equipment median
Gross margin 25.98% 40.24% 29.19%
Operating margin 0.51% 16.15% 6.84%
Net margin (6.81%) 11.26% 4.05%
Free cash flow margin 9.87% 12.25% 8.72%
Return on equity (14.89%) 14.37% 9.28%
Return on assets (4.93%) 7.70% 2.88%
Return on invested capital 0.36% 8.94% 5.16%

Growth

Metric OC SPXC Building Products & Equipment median
Revenue growth (TTM) (7.23%) 20.63% 3.11%
EPS growth (last fiscal year) (184.40%) 18.08% —
Revenue growth, 5-year CAGR 7.45% 14.96% 5.37%
Net income growth, 5-year CAGR 0.00% 19.77% 0.00%

Health

Metric OC SPXC Building Products & Equipment median
Debt to equity 1.34 0.26 0.43
Current ratio 1.16 1.82 1.82
Net debt to EBITDA 2.14 0.28 0.98

Dividend

Metric OC SPXC Building Products & Equipment median
Dividend yield 1.30% — 1.20%
Payout ratio 0.12 0.00 0.04

Size

Metric OC SPXC Building Products & Equipment median
Market cap 9.54b 8.64b 1.18b

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