Owens Corning (OC) financial statements

Industrials · Building Products & Equipment · Market cap $8.8B

Owens Corning reported revenue of $10.1B in fiscal 2025, up 6.6% a year over 9 years.

Net income was -$522M and the operating margin 3.6%, against 12.3% in 2016.

Free cash flow was $962M, and the company returned $232M in dividends and $815M in net buybacks.

The diluted share count fell 27% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

0510152016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from Owens Corning's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$5.7B$6.4B$7.1B$7.2B$7.1B$8.5B$9.8B$8.4B$9.9B$10.1B
Cost of revenue$4.3B$4.8B$5.4B$5.6B$5.4B$6.3B$7.1B$5.9B$6.8B$7.3B
Gross profit$1.4B$1.6B$1.6B$1.6B$1.6B$2.2B$2.6B$2.4B$3.0B$2.8B
Research and development$82M$85M$89M$87M$82M$91M$106M$110M$131M$150M
Selling, general and admin———————$748M$959M$1.0B
Operating income$697M$797M$807M$787M-$138M$1.4B$1.7B$1.6B$1.5B$360M
Interest expense$108M$107M$117M$131M$132M$126M$109M$74M$208M$256M
Pre-tax income$590M$559M$704M$590M-$256M$1.3B$1.6B$1.4B$1.3B$104M
Income tax$188M$269M$156M$186M$129M$319M$373M$364M$334M$293M
Net income$393M$289M$545M$405M-$383M$995M$1.2B$1.2B$647M-$522M
EPS (diluted)$3.41$2.55$4.89$3.68-$3.53$9.54$12.70$13.14$7.37-$6.22
Diluted shares115M113M111M110M109M104M98M91M88M84M
Gross margin24.3%24.6%23.1%22.5%22.8%26.1%26.8%29.0%30.9%28.1%
Operating margin12.3%12.5%11.4%11.0%-2.0%16.9%17.6%19.6%15.0%3.6%
Net margin6.9%4.5%7.7%5.7%-5.4%11.7%12.7%14.3%6.6%-5.2%

Balance sheet

Fiscal years, from Owens Corning's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$112M$246M$78M$172M$717M$959M$1.1B$1.6B$321M$345M
Receivables$678M$806M$794M$770M$919M$939M$961M$987M$1.1B$937M
Inventory$710M$841M$1.1B$1.0B$855M$1.1B$1.3B$1.2B$1.3B$1.5B
Total current assets$1.6B$2.0B$2.0B$2.1B$2.6B$3.1B$3.6B$3.9B$3.4B$3.3B
Property, plant and equipment$3.1B$3.4B$3.8B$3.9B$3.8B$3.9B$3.7B$3.8B$3.8B$4.2B
Goodwill$1.3B$1.5B$1.9B$1.9B$989M$990M$1.4B$1.4B$2.7B$1.7B
Total assets$7.7B$8.6B$9.8B$10.0B$9.5B$10.0B$10.8B$11.2B$14.1B$13.0B
Total current liabilities$963M$1.3B$1.3B$1.3B$1.4B$1.7B$2.1B$2.3B$2.3B$2.7B
Long-term debt$2.1B$2.4B$3.4B$3.0B$3.1B$3.0B$3.0B$2.6B$5.1B$4.7B
Total liabilities$3.9B$4.4B$5.4B$5.3B$5.5B$5.7B$6.1B$6.0B$9.0B$9.1B
Shareholders' equity$3.8B$4.2B$4.3B$4.6B$3.9B$4.3B$4.6B$5.2B$5.1B$3.9B
Net debt$2.0B$2.2B$3.3B$2.8B$2.4B$2.0B$1.9B$1.0B$4.8B$4.4B

Cash flow

Fiscal years, from Owens Corning's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$943M$1.0B$803M$1.0B$1.1B$1.5B$1.8B$1.7B$1.9B$1.8B
Capital spending$373M$337M$537M$447M$307M$416M$446M$526M$647M$824M
Free cash flow$570M$679M$266M$590M$828M$1.1B$1.3B$1.2B$1.2B$962M
Stock-based compensation$41M$44M$47M$39M$41M$50M$51M$51M$93M$71M
Dividends paid$81M$89M$92M$95M$104M$108M$136M$188M$208M$232M
Share buybacks (net)-$247M-$159M-$236M-$61M-$318M-$570M-$795M-$657M-$491M-$815M
Net borrowing$226M$238M$405M-$35M$278M-$189M-$5M$0$1.1B-$29M
Free cash flow margin10.0%10.6%3.8%8.2%11.7%12.8%13.5%14.2%12.6%9.5%
Dividends per share$0.70$0.79$0.83$0.86$0.96$1.04$1.39$2.07$2.37$2.76
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Questions

What was Owens Corning's revenue in 2025?

$10.1B in fiscal 2025, from its 10-K filing.

How much free cash flow does Owens Corning generate?

$962M in fiscal 2025 (operating cash flow minus capital spending).

From Owens Corning's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.