OCNYSEAbrasive, Asbestos & Misc Nonmetallic Mineral ProdsFiscal year ends December 31
Owens Corning
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$110.01−2.79 (-2.47%)
Close on Oct 19, 2026
- Market cap
- $8.87B
- P/E (TTM)
- –
- Dividend yield
- 2.60%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
28.1%+5.3 pts over 5 years
Operating margin
3.6%+5.5 pts over 5 years
Net margin
-5.2%+0.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.6% | +1.2% | +7.4% | +6.6% | |
| Gross profit | -6.7% | +2.8% | +12.0% | +9.4% | |
| Operating income | -75.7% | -40.6% | – | -4.1% | |
| Free cash flow | -22.7% | -9.9% | +3.0% | +10.9% | |
| Dividend per share | +14.9% | +22.1% | +23.9% | +15.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.4% | -9.0% | -11.7% | |
| Return on assets | 5.2% | -3.9% | -3.9% | |
| Current ratio | 1.65 | 1.81 | 1.26 | |
| Debt to equity | 0.55 | 0.81 | 1.24 | |
| Net debt to EBITDA | 1.91× | 6.82× | 4.20× | |
| Interest coverage | 6.5× | -1.0× | 1.4× | |
| Inventory turnover | 6.4× | 5.8× | 5.2× | |
| Capex to revenue | 6.6% | 4.4% | 8.2% | |
| Diluted shares | 115M | 109M | 84M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Owens Corning generated $8.66B from operations and spent $7.06B on capital expenditure, dividends and share buybacks. 41% of that went back into the business.
Generated
$8.66B
Used
$7.06B
Capital expenditure$2.86B41%Dividends$872.00M12%Share buybacks$3.33B47%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.2%
×Asset turnover0.75×
×Equity multiplier3.03×
=Return on equity, FY2025-11.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -5.2% | 0.75× | 3.03× | -11.7% |
| FY2024 | 6.6% | 0.78× | 2.47× | 12.6% |
| FY2023 | 14.3% | 0.76× | 2.26× | 24.6% |
| FY2022 | 12.7% | 0.94× | 2.34× | 28.0% |
| FY2021 | 11.7% | 0.87× | 2.38× | 24.3% |
| FY2020 | -5.4% | 0.72× | 2.28× | -9.0% |
| FY2019 | 5.7% | 0.72× | 2.22× | 9.1% |
| FY2018 | 7.7% | 0.77× | 2.18× | 12.9% |
| FY2017 | 4.5% | 0.78× | 2.04× | 7.2% |
| FY2016 | 6.9% | 0.75× | 1.99× | 10.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$522.00M
- Cash generatingOperating cash flow above zero$1.79B
- Return on assets improvedROA up on the prior year5.8% → -3.7%
- Earnings backed by cashOperating cash flow above net income$1.79B vs -$522.00M
- Less leverageLong-term debt to assets fell36.0% → 36.1%
- Better liquidityCurrent ratio rose1.47 → 1.26
- No dilutionShare count did not rise88M → 84M
- Gross margin improvedGross margin up on the prior year30.87% → 28.09%
- More efficientAsset turnover rose0.88 → 0.72