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 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

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

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 2026-08-29

Revenue reached $10.1B, yet gross profit converted poorly into operating earnings as overhead, financing costs, and reinvestment intensified.

In FY2025, gross margin was 28.1% but operating margin only 3.6%, so overhead and financing absorbed much of the production profit. The spread indicates the main deterioration occurred below gross profit, not solely in manufacturing economics.

FY2025 paired a net loss of -$522M with operating cash flow of $1.8B, a sharp earnings-cash mismatch pointing to substantial non-cash expenses and other cash-flow adjustments. Free cash flow remained $962M despite $824M of capital spending, showing that cash generation persisted while reinvestment consumed a large portion of it.

The balance sheet became more debt-dependent: debt-to-equity rose from 0.5x in FY2023 to 1.2x in FY2025, even as total equity declined. Meanwhile, current ratio fell from 1.7x to 1.3x, reducing short-term flexibility as current liabilities increased relative to current assets.

Financial Health Signals

Financial Health Score 52/100

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 68/100, 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 31/100. 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 71/100.

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 64/100. This is down from 12.7% the prior year.

Altman Z-Score Grey Zone

2.16

Owens Corning scores 2.16, 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

$10.1B

YoY+2.6%

5Y CAGR+7.4%

10Y CAGR+6.6%

Owens Corning generated $10.1B in revenue in fiscal year 2025. This represents an increase of 2.6% from the prior year.

EBITDA

$1.1B

YoY-51.2%

5Y CAGR+24.3%

10Y CAGR+2.2%

Owens Corning's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 51.2% from the prior year.

Net Income

-$522.0M

YoY-180.7%

Owens Corning reported -$522.0M in net income in fiscal year 2025. This represents a decrease of 180.7% from the prior year.

EPS (Diluted)

-$6.22

YoY-184.4%

Owens Corning earned -$6.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 184.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$962.0M

YoY-22.7%

5Y CAGR+3.0%

10Y CAGR+10.9%

Owens Corning generated $962.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.7% from the prior year.

Cash & Debt

$345.0M

YoY+7.5%

5Y CAGR-13.6%

10Y CAGR+13.6%

Owens Corning held $345.0M in cash against $4.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.86

YoY+14.9%

5Y CAGR+23.9%

10Y CAGR+15.4%

Owens Corning paid $2.86 per share in dividends in fiscal year 2025. This represents an increase of 14.9% from the prior year.

Shares Outstanding

80M

YoY-6.0%

5Y CAGR-5.2%

10Y CAGR-3.6%

Owens Corning had 80M shares outstanding in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

Margins & Returns

Gross Margin

28.1%

YoY-2.8pp

5Y CAGR+5.3pp

10Y CAGR+6.5pp

Owens Corning's gross margin was 28.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.

Operating Margin

3.6%

YoY-11.5pp

5Y CAGR+5.5pp

10Y CAGR-6.7pp

Owens Corning's operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is down 11.5 percentage points from the prior year.

Net Margin

-5.2%

YoY-11.7pp

5Y CAGR+0.3pp

10Y CAGR-11.3pp

Owens Corning's net profit margin was -5.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.7 percentage points from the prior year.

Return on Equity

-13.6%

YoY-26.3pp

5Y CAGR-3.7pp

10Y CAGR-22.4pp

Owens Corning's ROE was -13.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$150.0M

YoY+14.5%

5Y CAGR+12.8%

10Y CAGR+7.5%

Owens Corning invested $150.0M in research and development in fiscal year 2025. This represents an increase of 14.5% from the prior year.

Share Buybacks

$815.0M

YoY+66.0%

5Y CAGR+20.7%

10Y CAGR+19.4%

Owens Corning spent $815.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 66.0% from the prior year.

Capital Expenditures

$824.0M

YoY+27.4%

5Y CAGR+21.8%

10Y CAGR+7.5%

Owens Corning invested $824.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.4% from the prior year.

OC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OC quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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 (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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.8B+21.7%	$2.3B+5.7%	$2.1B-20.2%	$2.7B-2.3%	$2.7B+8.6%	$2.5B-1.7%	$2.6B-6.8%	$2.8B
Cost of Revenue	$2.0B+11.9%	$1.8B+6.8%	$1.6B-14.7%	$1.9B+2.0%	$1.9B+4.7%	$1.8B-1.1%	$1.8B-4.6%	$1.9B
Gross Profit	$793.0M+55.5%	$510.0M+2.4%	$498.0M-34.2%	$757.0M-11.8%	$858.0M+18.3%	$725.0M-3.2%	$749.0M-12.0%	$851.0M
R&D Expenses	$35.0M-5.4%	$37.0M-5.1%	$39.0M0.0%	$39.0M+5.4%	$37.0M+5.7%	$35.0M-12.5%	$40.0M+25.0%	$32.0M
SG&A Expenses	$252.0M-2.3%	$258.0M+3.2%	$250.0M+4.2%	$240.0M-8.7%	$263.0M+0.8%	$261.0M-7.4%	$282.0M+9.3%	$258.0M
Operating Income	$482.0M+301.7%	$120.0M+153.3%	-$225.0M+31.2%	-$327.0M-164.8%	$505.0M+24.1%	$407.0M+88.4%	$216.0M-54.2%	$472.0M
Interest Expense	$69.0M+4.5%	$66.0M-66.0%	$194.0M+398.5%	-$65.0M-203.2%	$63.0M-1.6%	$64.0M-82.0%	$356.0M+615.9%	-$69.0M
Income Tax	$102.0M+580.0%	$15.0M+314.3%	-$7.0M-106.9%	$102.0M-7.3%	$110.0M+25.0%	$88.0M+175.0%	$32.0M-72.9%	$118.0M
Net Income	$226.0M+315.2%	-$105.0M+64.8%	-$298.0M+39.7%	-$494.0M-236.1%	$363.0M+490.3%	-$93.0M+64.0%	-$258.0M-180.4%	$321.0M
EPS (Diluted)	$2.80+317.1%	-$1.29+64.1%	-$3.59+39.4%	-$5.92-239.3%	$4.25+493.5%	-$1.08+62.9%	-$2.91-179.7%	$3.65

OC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OC quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$12.7B-2.7%	$13.1B+0.9%	$13.0B-4.0%	$13.5B-6.7%	$14.5B+1.5%	$14.3B+1.4%	$14.1B-6.5%	$15.1B
Current Assets	$3.4B-7.5%	$3.7B+11.3%	$3.3B-10.2%	$3.7B-4.8%	$3.9B-0.2%	$3.9B+16.2%	$3.4B-12.6%	$3.9B
Cash & Equivalents	$271.0M-0.4%	$272.0M-21.2%	$345.0M+20.6%	$286.0M+24.3%	$230.0M-42.5%	$400.0M+24.6%	$321.0M-35.7%	$499.0M
Inventory	$1.5B-2.5%	$1.5B+1.4%	$1.5B+3.4%	$1.4B-2.5%	$1.5B+3.7%	$1.4B+6.0%	$1.3B-16.9%	$1.6B
Goodwill	$1.7B-0.4%	$1.7B-0.9%	$1.7B-17.2%	$2.0B-27.9%	$2.8B+1.9%	$2.8B+0.6%	$2.7B-4.3%	$2.9B
Total Liabilities	$8.9B-5.2%	$9.4B+3.5%	$9.1B+0.1%	$9.1B-2.2%	$9.3B-0.7%	$9.3B+4.3%	$9.0B-4.5%	$9.4B
Current Liabilities	$3.0B-1.5%	$3.0B+13.2%	$2.7B-0.3%	$2.7B+3.7%	$2.6B-5.4%	$2.7B+18.4%	$2.3B-14.4%	$2.7B
Long-Term Debt	$4.2B-10.6%	$4.7B0.0%	$4.7B+0.2%	$4.7B-7.9%	$5.1B+0.7%	$5.0B-0.4%	$5.1B+0.8%	$5.0B
Total Equity	$3.8B+3.5%	$3.6B-5.4%	$3.9B-12.4%	$4.4B-14.8%	$5.2B+5.8%	$4.9B-3.8%	$5.1B-9.7%	$5.6B
Retained Earnings	$4.5B+3.8%	$4.3B-3.8%	$4.5B-7.5%	$4.8B-10.3%	$5.4B+6.0%	$5.1B-2.9%	$5.2B-5.7%	$5.5B

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

OC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OC quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$398.0M+358.4%	-$154.0M-126.1%	$590.0M-35.7%	$918.0M+180.7%	$327.0M+767.3%	-$49.0M-107.2%	$676.0M-3.3%	$699.0M
Capital Expenditures	$199.0M-14.6%	$233.0M-9.3%	$257.0M+54.8%	$166.0M-16.2%	$198.0M-2.5%	$203.0M+3.0%	$197.0M+39.7%	$141.0M
Free Cash Flow	$199.0M+151.4%	-$387.0M-216.2%	$333.0M-55.7%	$752.0M+482.9%	$129.0M+151.2%	-$252.0M-152.6%	$479.0M-14.2%	$558.0M
Investing Cash Flow	$197.0M+203.7%	-$190.0M+24.6%	-$252.0M-51.8%	-$166.0M+11.7%	-$188.0M-18.2%	-$159.0M+20.5%	-$200.0M-412.8%	-$39.0M
Financing Cash Flow	-$601.0M-355.7%	$235.0M+181.3%	-$289.0M+56.9%	-$671.0M-78.5%	-$376.0M-242.4%	$264.0M+146.6%	-$567.0M-35.0%	-$420.0M
Dividends Paid	$64.0M+1.6%	$63.0M+12.5%	$56.0M-3.4%	$58.0M-1.7%	$59.0M0.0%	$59.0M+13.5%	$52.0M0.0%	$52.0M
Share Buybacks	$208.0M+845.5%	$22.0M-90.5%	$232.0M+5.5%	$220.0M-3.1%	$227.0M+66.9%	$136.0M+32.0%	$103.0M-49.3%	$203.0M

OC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

OC quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	28.8%+6.3pp	22.5%-0.7pp	23.3%-4.9pp	28.2%-3.0pp	31.2%+2.6pp	28.7%-0.4pp	29.1%-1.7pp	30.8%
Operating Margin	17.5%+12.2pp	5.3%+15.8pp	-10.5%+1.7pp	-12.2%-30.6pp	18.4%+2.3pp	16.1%+7.7pp	8.4%-8.7pp	17.1%
Net Margin	8.2%+12.8pp	-4.6%+9.3pp	-13.9%+4.5pp	-18.4%-31.6pp	13.2%+16.9pp	-3.7%+6.3pp	-10.0%-21.6pp	11.6%
Return on Equity	6.0%+8.9pp	-2.9%+4.9pp	-7.7%+3.5pp	-11.2%-18.3pp	7.0%+8.9pp	-1.9%+3.2pp	-5.1%-10.8pp	5.7%
Return on Assets	1.8%+2.6pp	-0.8%+1.5pp	-2.3%+1.3pp	-3.6%-6.2pp	2.5%+3.2pp	-0.7%+1.2pp	-1.8%-4.0pp	2.1%
Current Ratio	1.16-0.1x	1.240.0x	1.26-0.1x	1.40-0.1x	1.52+0.1x	1.440.0x	1.470.0x	1.44
Debt-to-Equity	1.11-0.2x	1.29+0.1x	1.22+0.2x	1.06+0.1x	0.980.0x	1.030.0x	1.00+0.1x	0.89
FCF Margin	7.2%+24.3pp	-17.1%-32.6pp	15.6%-12.5pp	28.0%+23.3pp	4.7%+14.7pp	-10.0%-28.6pp	18.6%-1.6pp	20.2%

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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 Altman Z-Score?

Owens Corning (OC) has an Altman Z-Score of 2.16, 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 52 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.