What is Owens Corning's earnings per share (EPS)?

Owens Corning (OC) reported diluted earnings per share of -$6.22 for fiscal year 2025. This represents a -184.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Owens Corning (OC) Financials

Trailing 12 months to June 30, 2026

Revenue $9.8B -7.2% YoY

Net Income -$671.0M -301.5% YoY

EPS (Diluted) -$8.00 -304.6% YoY

Free Cash Flow $897.0M -1.9% YoY

Market Cap $8.9B as of Oct 13, 2026

Price / Sales 0.9x on $9.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 2.4x on $3.8B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OC SEC filings page.

Owens Corning (OC) reported $9.8B in revenue over the twelve months to Jun 30, 2026, down 7.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OC FY2025 2026-10-03

Owens Corning still converts sales into cash, but 2025 exposed a sharp operating squeeze alongside heavier balance-sheet leverage.

In FY2025, free cash flow remained $962M while net income became a net loss of $522M, showing that cash generation held up far better than reported earnings. That gap indicates earnings and cash flow diverged materially rather than moving in lockstep.

Gross margin compressed from 30.9% to 28.1% in FY2025 even as revenue increased, showing additional sales did not preserve unit economics. Operating margin fell to 3.6% while SG&A reached $1.0B, so operating costs absorbed much of the gross profit.

Operating cash flow remained $1.8B despite the net loss of $522M, indicating cash generation held up better than accounting profit. Meanwhile, debt-to-equity rose to 1.2x while the current ratio fell to 1.3x, pairing that cash generation with less balance-sheet flexibility.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Owens Corning's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Owens Corning has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 15.0% the prior year.

Growth

Owens Corning's revenue grew a modest 2.6% year-over-year to $10.1B. This slow but positive growth earns a score of 65/100.

Leverage

Owens Corning has elevated debt relative to equity (D/E of 1.22), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.

Liquidity

Owens Corning's current ratio of 1.26 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Owens Corning converts 9.5% of revenue into free cash flow ($962.0M). This strong cash generation earns a score of 69/100.

Returns

Owens Corning posts a -13.6% return on equity (ROE), meaning it loses $14 for every $100 of shareholders' equity. This results in a returns score of 62/100. This is down from 12.7% the prior year.

Altman Z-Score Grey Zone

2.00

Owens Corning scores 2.00, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

Owens Corning passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Owens Corning reported a net loss of $522.0M while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

1.41x

Owens Corning earns $1.41 in operating income for every $1 of interest expense ($360.0M vs $256.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.8B

YoY+0.3%

QoQ+21.7%

5Y CAGR+4.2%

10Y CAGR+6.0%

Owens Corning generated $2.8B in revenue in Q2 2026. This represents an increase of 0.3% from the same quarter a year earlier. Against the prior quarter it is up 21.7%.

EBITDA

$657.0M

YoY-3.0%

QoQ+123.5%

5Y CAGR+3.7%

Owens Corning's EBITDA was $657.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.0% from the same quarter a year earlier. Against the prior quarter it is up 123.5%.

Net Income

$226.0M

YoY-37.7%

QoQ+315.2%

5Y CAGR-5.4%

10Y CAGR+5.1%

Owens Corning reported $226.0M in net income in Q2 2026. This represents a decrease of 37.7% from the same quarter a year earlier. Against the prior quarter it is up 315.2%.

EPS (Diluted)

$2.80

YoY-34.1%

QoQ+317.1%

5Y CAGR-0.1%

10Y CAGR+8.9%

Owens Corning earned $2.80 per diluted share (EPS) in Q2 2026. This represents a decrease of 34.1% from the same quarter a year earlier. Against the prior quarter it is up 317.1%.

Cash & Balance Sheet

Free Cash Flow

$199.0M

YoY+54.3%

QoQ+151.4%

5Y CAGR-13.2%

10Y CAGR+1.4%

Owens Corning generated $199.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 54.3% from the same quarter a year earlier. Against the prior quarter it is up 151.4%.

Cash & Debt

$271.0M

YoY+17.8%

QoQ-0.4%

5Y CAGR-21.1%

10Y CAGR+15.0%

Owens Corning held $271.0M in cash against $4.2B in long-term debt as of Q2 2026.

Dividends Per Share

$0.79

YoY+14.5%

QoQ0.0%

Owens Corning paid $0.79 per share in dividends in Q2 2026. This represents an increase of 14.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

79M

YoY-5.5%

QoQ-1.8%

5Y CAGR-5.2%

10Y CAGR-3.7%

Owens Corning had 79M shares outstanding in Q2 2026. This represents a decrease of 5.5% from the same quarter a year earlier. Against the prior quarter it is down 1.8%.

Margins & Returns

Gross Margin

28.8%

YoY-2.5pp

QoQ+6.3pp

5Y change+1.2pp

10Y change+1.8pp

Owens Corning's gross margin was 28.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.3 percentage points.

Operating Margin

17.5%

YoY-0.9pp

QoQ+12.2pp

5Y change-1.5pp

Owens Corning's operating margin was 17.5% in Q2 2026, reflecting core business profitability. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.2 percentage points.

Net Margin

8.2%

YoY-5.0pp

QoQ+12.8pp

5Y change-5.1pp

10Y change-0.7pp

Owens Corning's net profit margin was 8.2% in Q2 2026, showing the share of revenue converted to profit. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.8 percentage points.

Return on Equity

6.0%

YoY-1.0pp

QoQ+8.9pp

5Y change-1.3pp

10Y change+2.4pp

Owens Corning's ROE was 6.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.9 percentage points.

Capital Allocation

R&D Spending

$35.0M

YoY-5.4%

QoQ-5.4%

5Y CAGR+9.7%

Owens Corning invested $35.0M in research and development in Q2 2026. This represents a decrease of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.

Share Buybacks

$208.0M

YoY-8.4%

QoQ+845.5%

5Y CAGR+11.4%

10Y CAGR+9.4%

Owens Corning spent $208.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 8.4% from the same quarter a year earlier. Against the prior quarter it is up 845.5%.

Capital Expenditures

$199.0M

YoY+0.5%

QoQ-14.6%

5Y CAGR+16.4%

10Y CAGR+8.4%

Owens Corning invested $199.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 14.6%.

OC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$9.8B	$10.1B+2.6%	$9.9B+17.7%	$8.4B-14.2%	$9.8B+14.9%	$8.5B+20.5%	$7.1B-1.5%	$7.2B+1.5%	$7.1B+10.5%	$6.4B+12.5%	$5.7B+6.1%	$5.3B+1.7%	$5.3B-0.7%	$5.3B+2.4%	$5.2B-3.1%	$5.3B
Cost of Revenue	$7.3B	$7.3B+6.7%	$6.8B+14.6%	$5.9B-16.8%	$7.1B+13.8%	$6.3B+15.4%	$5.4B-1.9%	$5.6B+2.3%	$5.4B+12.7%	$4.8B+12.0%	$4.3B+2.5%	$4.2B-2.0%	$4.3B-1.0%	$4.3B-1.1%	$4.4B+1.6%	$4.3B
Gross Profit	$2.6B	$2.8B-6.7%	$3.0B+25.1%	$2.4B-7.1%	$2.6B+18.0%	$2.2B+37.7%	$1.6B+0.1%	$1.6B-1.4%	$1.6B+4.0%	$1.6B+13.9%	$1.4B+19.4%	$1.2B+18.1%	$976.0M+1.0%	$966.0M+21.2%	$797.0M-22.5%	$1.0B
R&D Expenses	$150.0M	$150.0M+14.5%	$131.0M+19.1%	$110.0M+3.8%	$106.0M+16.5%	$91.0M+11.0%	$82.0M-5.7%	$87.0M-2.2%	$89.0M+4.7%	$85.0M+3.7%	$82.0M+12.3%	$73.0M-3.9%	$76.0M-1.3%	$77.0M-2.5%	$79.0M+2.6%	$77.0M
SG&A Expenses	$1.0B	$1.0B+5.7%	$959.0M+28.2%	$748.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$50.0M	$360.0M-75.7%	$1.5B-9.6%	$1.6B-4.4%	$1.7B+19.2%	$1.4B+1142.0%	-$138.0M-117.5%	$787.0M-2.5%	$807.0M+1.3%	$797.0M+14.3%	$697.0M+27.2%	$548.0M+39.8%	$392.0M	N/A	N/A	N/A
EBITDA	N/A	$1.1B-51.2%	$2.2B-4.0%	$2.2B+0.1%	$2.2B+15.7%	$1.9B+446.5%	$355.0M-71.5%	$1.2B+0.3%	$1.2B+6.2%	$1.2B+12.3%	$1.0B+22.6%	$848.0M+21.8%	$696.0M	N/A	N/A	N/A
Interest Expense	$264.0M	$256.0M+23.1%	$208.0M+181.1%	$74.0M-32.1%	$109.0M-13.5%	$126.0M-4.5%	$132.0M+0.8%	$131.0M+12.0%	$117.0M+9.3%	$107.0M-0.9%	$108.0M+8.0%	$100.0M-12.3%	$114.0M+1.8%	$112.0M-1.8%	$114.0M+5.6%	$108.0M
Income Tax	$212.0M	$293.0M-12.3%	$334.0M-8.2%	$364.0M-2.4%	$373.0M+16.9%	$319.0M+147.3%	$129.0M-30.6%	$186.0M+19.2%	$156.0M-42.0%	$269.0M+43.1%	$188.0M+56.7%	$120.0M+2300.0%	$5.0M-92.6%	$68.0M+342.9%	-$28.0M-137.8%	$74.0M
Net Income	-$671.0M	-$522.0M-180.7%	$647.0M-45.9%	$1.2B-3.6%	$1.2B+24.7%	$995.0M+359.8%	-$383.0M-194.6%	$405.0M-25.7%	$545.0M+88.6%	$289.0M-26.5%	$393.0M+19.1%	$330.0M+46.0%	$226.0M+10.8%	$204.0M+1173.7%	-$19.0M-106.9%	$276.0M
EPS (Basic)	N/A	-$6.22-183.5%	$7.45-43.9%	$13.27+3.3%	$12.85+33.7%	$9.61+372.2%	-$3.53-195.1%	$3.71-24.9%	$4.94+90.7%	$2.59-24.7%	$3.44+22.0%	$2.82+46.9%	$1.92+11.0%	$1.73+1181.3%	-$0.16-107.1%	$2.25
EPS (Diluted)	-$8.00	-$6.22-184.4%	$7.37-43.9%	$13.14+3.5%	$12.70+33.1%	$9.54+370.3%	-$3.53-195.9%	$3.68-24.7%	$4.89+91.8%	$2.55-25.2%	$3.41+22.2%	$2.79+46.1%	$1.91+11.7%	$1.71+1168.7%	-$0.16-107.2%	$2.23
Diluted Shares (Avg)	N/A	84M-4.3%	88M-3.5%	91M-6.9%	98M-6.3%	104M-4.0%	109M-1.4%	110M-1.2%	111M-1.6%	113M-1.9%	115M-2.4%	118M-0.1%	118M-0.7%	119M-0.3%	119M-3.3%	124M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.8B+0.3%	$2.3B-10.5%	$2.1B-16.8%	$2.7B-2.9%	$2.7B+10.0%	$2.5B+25.4%	$2.6B+157.7%	$2.8B+11.5%
Cost of Revenue	$2.0B+3.9%	$1.8B-2.8%	$1.6B-9.9%	$1.9B+0.8%	$1.9B+12.2%	$1.8B+29.9%	$1.8B+186.5%	$1.9B+9.1%
Gross Profit	$793.0M-7.6%	$510.0M-29.7%	$498.0M-33.5%	$757.0M-11.0%	$858.0M+5.5%	$725.0M+15.4%	$749.0M+106.9%	$851.0M+17.1%
R&D Expenses	$35.0M-5.4%	$37.0M+5.7%	$39.0M-2.5%	$39.0M+21.9%	$37.0M+15.6%	$35.0M+29.6%	$40.0M+60.0%	$32.0M+10.3%
SG&A Expenses	$252.0M-4.2%	$258.0M-1.1%	$250.0M-11.3%	$240.0M-7.0%	$263.0M+14.8%	$261.0M+37.4%	$282.0M+107.4%	$258.0M+28.4%
Operating Income	$482.0M-4.6%	$120.0M-70.5%	-$225.0M-204.2%	-$327.0M-169.3%	$505.0M+20.8%	$407.0M+8.2%	$216.0M+38.5%	$472.0M+2.2%
EBITDA	$657.0M-3.0%	$294.0M-48.1%	-$44.0M-110.7%	-$145.0M-122.1%	$677.0M+15.7%	$566.0M+11.6%	$410.0M+28.5%	$657.0M+5.6%
Interest Expense	$69.0M+9.5%	$66.0M+3.1%	$194.0M-45.5%	-$65.0M+5.8%	$63.0M+200.0%	$64.0M+500.0%	$356.0M+2866.7%	-$69.0M-505.9%
Income Tax	$102.0M-7.3%	$15.0M-83.0%	-$7.0M-121.9%	$102.0M-13.6%	$110.0M+8.9%	$88.0M+6.0%	$32.0M+966.7%	$118.0M+7.3%
Net Income	$226.0M-37.7%	-$105.0M-12.9%	-$298.0M-15.5%	-$494.0M-253.9%	$363.0M+27.4%	-$93.0M-131.1%	-$258.0M-296.9%	$321.0M-4.7%
EPS (Basic)	$2.81-34.2%	-$1.30-20.4%	-$3.58-22.2%	-$5.92-260.4%	$4.27+30.6%	-$1.08-131.6%	-$2.93-292.8%	$3.69-1.3%
EPS (Diluted)	$2.80-34.1%	-$1.29-19.4%	-$3.59-23.4%	-$5.92-262.2%	$4.25+31.2%	-$1.08-131.8%	-$2.91-294.0%	$3.65-1.6%
Diluted Shares (Avg)	81M-5.7%	81M-6.0%	N/A	83M-5.1%	86M-2.8%	86M-1.8%	N/A	88M-3.3%

OC Balance Sheet

OC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$13.0B-7.8%	$14.1B+25.3%	$11.2B+4.5%	$10.8B+7.4%	$10.0B+5.6%	$9.5B-5.2%	$10.0B+2.4%	$9.8B+13.2%	$8.6B+11.5%	$7.7B+5.7%	$7.3B-2.9%	$7.5B-1.4%	$7.6B+1.0%	$7.6B+0.5%	$7.5B
Current Assets	$3.3B-1.0%	$3.4B-13.8%	$3.9B+10.2%	$3.6B+14.8%	$3.1B+18.8%	$2.6B+26.4%	$2.1B+2.0%	$2.0B+1.8%	$2.0B+25.2%	$1.6B+5.2%	$1.5B-16.5%	$1.8B-2.2%	$1.8B+14.3%	$1.6B-1.2%	$1.6B
Cash & Equivalents	$345.0M+7.5%	$321.0M-80.1%	$1.6B+47.0%	$1.1B+14.6%	$959.0M+33.8%	$717.0M+316.9%	$172.0M+120.5%	$78.0M-68.3%	$246.0M+119.6%	$112.0M+16.7%	$96.0M+43.3%	$67.0M+17.5%	$57.0M0.0%	$57.0M+9.6%	$52.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5B+10.9%	$1.3B+10.8%	$1.2B-10.2%	$1.3B+23.7%	$1.1B+26.1%	$855.0M-17.2%	$1.0B-3.6%	$1.1B+27.5%	$841.0M+18.5%	$710.0M+10.2%	$644.0M-21.2%	$817.0M+0.9%	$810.0M+3.1%	$786.0M-1.1%	$795.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.7B-38.8%	$2.7B+97.2%	$1.4B+0.7%	$1.4B+39.7%	$990.0M+0.1%	$989.0M-48.8%	$1.9B-0.9%	$1.9B+29.3%	$1.5B+12.8%	$1.3B+14.5%	$1.2B-0.1%	$1.2B+0.2%	$1.2B	N/A	N/A
Total Liabilities	$9.1B+1.5%	$9.0B+48.6%	$6.0B-1.7%	$6.1B+7.9%	$5.7B+1.8%	$5.6B+3.8%	$5.4B-2.1%	$5.5B+22.8%	$4.5B+14.9%	$3.9B+8.5%	$3.6B-6.8%	$3.9B-0.1%	$3.9B-4.4%	$4.0B+5.3%	$3.8B
Current Liabilities	$2.7B+15.8%	$2.3B-1.2%	$2.3B+10.5%	$2.1B+24.0%	$1.7B+17.8%	$1.4B+8.4%	$1.3B+4.0%	$1.3B-0.3%	$1.3B+33.1%	$963.0M-9.4%	$1.1B+8.1%	$983.0M-0.9%	$992.0M+8.3%	$916.0M+0.9%	$908.0M
Non-Current Liabilities	$6.4B-3.5%	$6.7B+79.8%	$3.7B-8.0%	$4.0B+1.1%	$4.0B-3.8%	$4.1B+2.3%	$4.0B-3.9%	$4.2B+32.1%	$3.2B+8.8%	$2.9B+16.0%	$2.5B-12.0%	$2.9B+0.2%	$2.9B-8.1%	$3.1B+6.7%	$2.9B
Long-Term Debt	$4.7B-7.5%	$5.1B+93.8%	$2.6B-12.6%	$3.0B+1.1%	$3.0B-5.3%	$3.1B+4.7%	$3.0B-11.2%	$3.4B+39.8%	$2.4B+14.6%	$2.1B+23.3%	$1.7B-14.0%	$2.0B-2.3%	$2.0B-2.7%	$2.1B+7.8%	$1.9B
Total Equity	$3.9B-24.1%	$5.1B-1.7%	$5.2B+12.9%	$4.6B+6.5%	$4.3B+10.1%	$3.9B-15.8%	$4.6B+8.1%	$4.3B+2.9%	$4.2B+8.1%	$3.8B+2.9%	$3.7B+1.3%	$3.7B-2.7%	$3.8B+7.2%	$3.5B-4.4%	$3.7B
Retained Earnings	$4.5B-14.6%	$5.2B+9.0%	$4.8B+26.4%	$3.8B+40.2%	$2.7B+47.9%	$1.8B-21.1%	$2.3B+15.2%	$2.0B+27.8%	$1.6B+14.4%	$1.4B+30.5%	$1.1B+31.1%	$805.0M+22.9%	$655.0M+45.2%	$451.0M-4.0%	$470.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$12.7B-12.1%	$13.1B-8.2%	$13.0B-7.8%	$13.5B-10.2%	$14.5B-3.4%	$14.3B+26.6%	$14.1B+25.3%	$15.1B+36.0%
Current Assets	$3.4B-12.1%	$3.7B-5.1%	$3.3B-1.0%	$3.7B-3.5%	$3.9B+5.3%	$3.9B-1.4%	$3.4B-13.8%	$3.9B-2.2%
Cash & Equivalents	$271.0M+17.8%	$272.0M-32.0%	$345.0M+7.5%	$286.0M-42.7%	$230.0M-9.4%	$400.0M-68.1%	$321.0M-80.1%	$499.0M-62.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5B-0.3%	$1.5B+6.0%	$1.5B+10.9%	$1.4B-10.8%	$1.5B-7.4%	$1.4B+16.8%	$1.3B+10.8%	$1.6B+29.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.7B-41.1%	$1.7B-39.8%	$1.7B-38.8%	$2.0B-29.2%	$2.8B+4.9%	$2.8B+99.4%	$2.7B+97.2%	$2.9B+108.1%
Total Liabilities	$8.9B-3.9%	$9.4B+0.7%	$9.1B+1.5%	$9.1B-3.2%	$9.3B-2.0%	$9.3B+55.8%	$9.0B+48.6%	$9.4B+58.5%
Current Liabilities	$3.0B+15.3%	$3.0B+10.7%	$2.7B+15.8%	$2.7B-0.5%	$2.6B-5.4%	$2.7B+19.9%	$2.3B-1.2%	$2.7B+46.9%
Non-Current Liabilities	$6.0B-11.2%	$6.4B-3.4%	$6.4B-3.5%	$6.4B-4.3%	$6.7B-0.6%	$6.6B+77.6%	$6.7B+79.8%	$6.7B+63.7%
Long-Term Debt	$4.2B-17.6%	$4.7B-7.1%	$4.7B-7.5%	$4.7B-7.0%	$5.1B+1.2%	$5.0B+90.7%	$5.1B+93.8%	$5.0B+67.5%
Total Equity	$3.8B-26.9%	$3.6B-25.4%	$3.9B-24.1%	$4.4B-21.8%	$5.2B-5.6%	$4.9B-6.6%	$5.1B-1.7%	$5.6B+10.1%
Retained Earnings	$4.5B-17.1%	$4.3B-15.4%	$4.5B-14.6%	$4.8B-12.9%	$5.4B+2.0%	$5.1B+0.6%	$5.2B+9.0%	$5.5B+17.4%

Not reported in any period shown, so not listed: Accounts Receivable.

OC Cash Flow Statement

OC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.8B	$1.8B-5.6%	$1.9B+10.1%	$1.7B-2.3%	$1.8B+17.1%	$1.5B+32.4%	$1.1B+9.5%	$1.0B+29.1%	$803.0M-21.0%	$1.0B+7.7%	$943.0M+27.1%	$742.0M+64.2%	$452.0M+18.0%	$383.0M+16.1%	$330.0M+14.2%	$289.0M
Depreciation & Amortization	N/A	$694.0M+2.5%	$677.0M+11.2%	$609.0M+14.7%	$531.0M+5.8%	$502.0M+1.8%	$493.0M+7.9%	$457.0M+5.5%	$433.0M+16.7%	$371.0M+8.2%	$343.0M+14.3%	$300.0M-1.3%	$304.0M-8.4%	$332.0M-4.9%	$349.0M+9.7%	$318.0M
Stock-Based Compensation	N/A	$71.0M-23.7%	$93.0M+82.4%	$51.0M0.0%	$51.0M+2.0%	$50.0M+22.0%	$41.0M+5.1%	$39.0M-17.0%	$47.0M+6.8%	$44.0M+7.3%	$41.0M+36.7%	$30.0M+3.4%	$29.0M+3.6%	$28.0M+16.7%	$24.0M+14.3%	$21.0M
Capital Expenditures	$855.0M	$824.0M+27.4%	$647.0M+23.0%	$526.0M+17.9%	$446.0M+7.2%	$416.0M+35.5%	$307.0M-31.3%	$447.0M-16.8%	$537.0M+59.3%	$337.0M-9.7%	$373.0M-7.0%	$401.0M+2.6%	$391.0M+10.8%	$353.0M+6.3%	$332.0M-24.9%	$442.0M
Free Cash Flow	$897.0M	$962.0M-22.7%	$1.2B+4.4%	$1.2B-9.2%	$1.3B+20.9%	$1.1B+31.3%	$828.0M+40.3%	$590.0M+121.8%	$266.0M-60.8%	$679.0M+19.1%	$570.0M+67.2%	$341.0M+459.0%	$61.0M+103.3%	$30.0M+1600.0%	-$2.0M+98.7%	-$153.0M
Investing Cash Flow	-$411.0M	-$765.0M+77.5%	-$3.4B-853.1%	-$356.0M+42.9%	-$623.0M-65.3%	-$377.0M-83.9%	-$205.0M+48.0%	-$394.0M+75.2%	-$1.6B-76.4%	-$901.0M-10.6%	-$815.0M-120.9%	-$369.0M-24.2%	-$297.0M-4.9%	-$283.0M-11.9%	-$253.0M+43.1%	-$445.0M
Financing Cash Flow	-$1.3B	-$1.1B-421.0%	$334.0M+138.1%	-$877.0M+10.0%	-$974.0M-10.6%	-$881.0M-146.1%	-$358.0M+37.5%	-$573.0M-188.6%	$647.0M+21466.7%	$3.0M+103.4%	-$88.0M+73.6%	-$333.0M-134.5%	-$142.0M-47.9%	-$96.0M-26.3%	-$76.0M-143.7%	$174.0M
Dividends Paid	$241.0M	$232.0M+11.5%	$208.0M+10.6%	$188.0M+38.2%	$136.0M+25.9%	$108.0M+3.8%	$104.0M+9.5%	$95.0M+3.3%	$92.0M+3.4%	$89.0M+9.9%	$81.0M+3.8%	$78.0M+39.3%	$56.0M	$0	$0	N/A
Share Buybacks	$682.0M	$815.0M+66.0%	$491.0M-25.3%	$657.0M-17.4%	$795.0M+39.5%	$570.0M+79.2%	$318.0M+421.3%	$61.0M-74.2%	$236.0M+48.4%	$159.0M-35.6%	$247.0M+79.0%	$138.0M+213.6%	$44.0M-30.2%	$63.0M-44.2%	$113.0M-18.1%	$138.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$398.0M+21.7%	-$154.0M-214.3%	$590.0M-12.7%	$918.0M+31.3%	$327.0M-33.7%	-$49.0M-304.2%	$676.0M-3.2%	$699.0M+1.2%
Depreciation & Amortization	$175.0M+1.7%	$174.0M+9.4%	$181.0M-6.7%	$182.0M-1.6%	$172.0M+3.0%	$159.0M+21.4%	$194.0M+19.0%	$185.0M+15.6%
Stock-Based Compensation	N/A	$18.0M-14.3%	N/A	N/A	N/A	$21.0M+50.0%	N/A	$21.0M+90.9%
Capital Expenditures	$199.0M+0.5%	$233.0M+14.8%	$257.0M+30.5%	$166.0M+17.7%	$198.0M+26.1%	$203.0M+33.6%	$197.0M+44.9%	$141.0M+28.2%
Free Cash Flow	$199.0M+54.3%	-$387.0M-53.6%	$333.0M-30.5%	$752.0M+34.8%	$129.0M-61.6%	-$252.0M-96.9%	$479.0M-14.8%	$558.0M-4.0%
Investing Cash Flow	$197.0M+204.8%	-$190.0M-19.5%	-$252.0M-26.0%	-$166.0M-325.6%	-$188.0M+93.8%	-$159.0M-8.9%	-$200.0M-46.0%	-$39.0M+66.7%
Financing Cash Flow	-$601.0M-59.8%	$235.0M-11.0%	-$289.0M+49.0%	-$671.0M-59.8%	-$376.0M-124.2%	$264.0M+212.8%	-$567.0M-94.2%	-$420.0M-110.0%
Dividends Paid	$64.0M+8.5%	$63.0M+6.8%	$56.0M+7.7%	$58.0M+11.5%	$59.0M+13.5%	$59.0M+13.5%	$52.0M+13.0%	$52.0M+10.6%
Share Buybacks	$208.0M-8.4%	$22.0M-83.8%	$232.0M+125.2%	$220.0M+8.4%	$227.0M+845.8%	$136.0M-15.5%	$103.0M-56.7%	$203.0M+41.0%

OC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	28.1%-2.8pp	30.9%+1.8pp	29.0%+2.2pp	26.8%+0.7pp	26.1%+3.3pp	22.8%+0.3pp	22.5%-0.7pp	23.1%-1.4pp	24.6%+0.3pp	24.3%+2.7pp	21.6%+3.0pp	18.6%+0.3pp	18.2%+2.8pp	15.4%-3.9pp	19.3%
Operating Margin	3.6%-11.5pp	15.0%-4.5pp	19.6%+2.0pp	17.6%+0.6pp	16.9%+18.9pp	-2.0%-13.0pp	11.0%-0.5pp	11.4%-1.0pp	12.5%+0.2pp	12.3%+2.0pp	10.2%+2.8pp	7.4%	N/A	N/A	N/A
Net Margin	-5.2%-11.7pp	6.6%-7.7pp	14.3%+1.6pp	12.7%+1.0pp	11.7%+17.1pp	-5.4%-11.1pp	5.7%-2.1pp	7.7%+3.2pp	4.5%-2.4pp	6.9%+0.8pp	6.2%+1.9pp	4.3%+0.4pp	3.9%+4.2pp	-0.4%-5.5pp	5.2%
Return on Equity	-13.6%-26.3pp	12.7%-10.4pp	23.2%-4.0pp	27.1%+4.0pp	23.2%+33.0pp	-9.8%-18.6pp	8.8%-4.0pp	12.7%+5.8pp	6.9%-3.3pp	10.2%+1.4pp	8.8%+2.7pp	6.1%+0.7pp	5.4%+5.9pp	-0.5%-8.0pp	7.5%
Return on Assets	-4.0%-8.6pp	4.6%-6.0pp	10.6%-0.9pp	11.5%+1.6pp	9.9%+14.0pp	-4.0%-8.1pp	4.0%-1.5pp	5.6%+2.2pp	3.4%-1.7pp	5.1%+0.6pp	4.5%+1.5pp	3.0%+0.3pp	2.7%+2.9pp	-0.3%-3.9pp	3.7%
Current Ratio	1.26-0.2x	1.47-0.2x	1.690.0x	1.69-0.1x	1.820.0x	1.81+0.3x	1.550.0x	1.580.0x	1.55-0.1x	1.65+0.2x	1.42-0.4x	1.840.0x	1.86+0.1x	1.770.0x	1.80
Debt-to-Equity	1.22+0.2x	1.00+0.5x	0.51-0.1x	0.650.0x	0.69-0.1x	0.80+0.2x	0.64-0.1x	0.79+0.2x	0.580.0x	0.55+0.1x	0.46-0.1x	0.540.0x	0.53-0.1x	0.59+0.1x	0.52
Asset Turnover	0.78+0.1x	0.700.0x	0.74-0.2x	0.91+0.1x	0.85+0.1x	0.740.0x	0.720.0x	0.720.0x	0.740.0x	0.730.0x	0.730.0x	0.700.0x	0.690.0x	0.680.0x	0.71
FCF Margin	9.5%-3.1pp	12.6%-1.6pp	14.2%+0.8pp	13.5%+0.7pp	12.8%+1.1pp	11.7%+3.5pp	8.2%+4.5pp	3.8%-6.9pp	10.6%+0.6pp	10.0%+3.7pp	6.4%+5.2pp	1.2%+0.6pp	0.6%+0.6pp	0.0%+2.8pp	-2.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	28.8%-2.5pp	22.5%-6.1pp	23.3%-5.8pp	28.2%-2.6pp	31.2%-1.3pp	28.7%-2.5pp	29.1%-7.1pp	30.8%+1.5pp
Operating Margin	17.5%-0.9pp	5.3%-10.8pp	-10.5%-18.9pp	-12.2%-29.3pp	18.4%+1.6pp	16.1%-2.6pp	8.4%-7.2pp	17.1%-1.6pp
Net Margin	8.2%-5.0pp	-4.6%-1.0pp	-13.9%-3.9pp	-18.4%-30.0pp	13.2%+1.8pp	-3.7%-18.5pp	-10.0%-23.1pp	11.6%-2.0pp
Return on Equity	6.0%-1.0pp	-2.9%-1.0pp	-7.7%-2.7pp	-11.2%-16.9pp	7.0%+1.8pp	-1.9%-7.6pp	-5.1%-7.6pp	5.7%-0.9pp
Return on Assets	1.8%-0.7pp	-0.8%-0.2pp	-2.3%-0.5pp	-3.6%-5.8pp	2.5%+0.6pp	-0.7%-3.3pp	-1.8%-3.0pp	2.1%-0.9pp
Current Ratio	1.16-0.4x	1.24-0.2x	1.26-0.2x	1.400.0x	1.52+0.2x	1.44-0.3x	1.47-0.2x	1.44-0.7x
Debt-to-Equity	1.11+0.1x	1.29+0.3x	1.22+0.2x	1.06+0.2x	0.98+0.1x	1.03+0.5x	1.00+0.5x	0.89+0.3x
Asset Turnover	0.220.0x	0.170.0x	0.170.0x	0.200.0x	0.190.0x	0.180.0x	0.18+0.1x	0.180.0x
FCF Margin	7.2%+2.5pp	-17.1%-7.1pp	15.6%-3.1pp	28.0%+7.8pp	4.7%-8.8pp	-10.0%-3.6pp	18.6%-37.6pp	20.2%-3.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Owens Corning OC	FY2025	$10.1B	-$522.0M	-5.2%	$8.9B	51/100
Masco Corporation MAS	FY2025	$7.6B	$810.0M	10.7%	$13.6B	61/100
ADVANCED DRAINAGE SYSTEMS, INC. WMS	FY2026	$3.1B	$429.0M	14.1%	$9.5B	66/100
Builders FirstSource, Inc. BLDR	FY2025	$15.2B	$435.2M	2.9%	$5.6B	47/100
Carlisle Companies, Inc. CSL	FY2025	$5.0B	$740.7M	14.8%	$12.7B	70/100
Lennox International Inc. LII	FY2025	$5.2B	$805.8M	15.5%	$12.3B	63/100

Where Owens Corning Ranks

Frequently Asked Questions

What is Owens Corning's annual revenue?

Owens Corning (OC) reported $10.1B in total revenue for fiscal year 2025. This represents a 2.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Owens Corning's revenue growing?

Owens Corning (OC) revenue grew by 2.6% year-over-year, from $9.9B to $10.1B in fiscal year 2025.

Is Owens Corning profitable?

No, Owens Corning (OC) reported a net income of -$522.0M in fiscal year 2025, with a net profit margin of -5.2%.

What is Owens Corning's EBITDA?

Owens Corning (OC) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Owens Corning have?

As of fiscal year 2025, Owens Corning (OC) had $345.0M in cash and equivalents against $4.7B in long-term debt.

What is Owens Corning's gross margin?

Owens Corning (OC) had a gross margin of 28.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Owens Corning's operating margin?

Owens Corning (OC) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Owens Corning's net profit margin?

Owens Corning (OC) had a net profit margin of -5.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Owens Corning pay dividends?

Yes, Owens Corning (OC) paid $2.86 per share in dividends during fiscal year 2025.

What is Owens Corning's return on equity (ROE)?

Owens Corning (OC) has a return on equity of -13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Owens Corning's free cash flow?

Owens Corning (OC) generated $962.0M in free cash flow during fiscal year 2025. This represents a -22.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Owens Corning's operating cash flow?

Owens Corning (OC) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Owens Corning's total assets?

Owens Corning (OC) had $13.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Owens Corning's capital expenditures?

Owens Corning (OC) invested $824.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Owens Corning spend on research and development?

Owens Corning (OC) invested $150.0M in research and development during fiscal year 2025.

Does Owens Corning buy back shares?

Yes, Owens Corning (OC) spent $815.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Owens Corning have outstanding?

Owens Corning (OC) had 80M shares outstanding as of fiscal year 2025.

What is Owens Corning's current ratio?

Owens Corning (OC) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.

What is Owens Corning's debt-to-equity ratio?

Owens Corning (OC) had a debt-to-equity ratio of 1.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Owens Corning's return on assets (ROA)?

Owens Corning (OC) had a return on assets of -4.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Owens Corning's P/E ratio?

Owens Corning (OC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $8.9B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Owens Corning's price-to-sales ratio?

Owens Corning (OC) trades at 0.9x sales, its market capitalization divided by revenue of $9.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.9B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Owens Corning's Altman Z-Score?

Owens Corning (OC) has an Altman Z-Score of 2.00, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Owens Corning's Piotroski F-Score?

Owens Corning (OC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Owens Corning's earnings high quality?

Owens Corning (OC) reported a net loss of $522.0M while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Owens Corning cover its interest payments?

Owens Corning (OC) has an interest coverage ratio of 1.41x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Owens Corning?

Owens Corning (OC) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.