Owens Corning OC

IndustrialsHomebuilding & Construction SuppliesUnited States of America

Last close 121.15 USD on Nov 1, 2026, +11.2% year to date

Quant rating

Quant rating C Rank 321 of 486 in Industrials

Growth C 338 of 486
Valuation B 94 of 486
Quality C 275 of 486
Revisions D 378 of 486
Momentum C 267 of 486

Wall Street consensus Buy (2.20)Average target 152.49 USD +25.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 9.6B
Enterprise value: 14.5B
52-week range: 97.53 – 159.86
3-year range: 97.53 – 210.81
Dividend yield: 2.61%
Beta (5 years): 1.32
Shares outstanding: 79.0M
Next earnings: Nov 4, 2026

About the company

Owens Corning is a building products company. The Company's segments include Roofing, Insulation and Doors. The Company's Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components and composite lumber primarily used in residential construction. This segment also manufactures and sells glass mat and specialty veil materials used in building and construction applications. Its Insulation segment manufactures and sells thermal and acoustical batts, loose fill insulation, spray foam insulation, wet use chopped strand, foam sheathing and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated stone wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications. Its Doors segment manufactures and sells interior and exterior doors and door systems primarily used in residential construction.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	10,103	9,851	8,372	9,761	8,498	–
Revenue growth	2.6%	17.7%	−14.2%	14.9%	20.5%	7.4%
EPS (basic, normalized)	12.05	15.91	14.42	12.88	9.29	–
EPS growth	−24.3%	10.3%	12.0%	38.6%	–	–
Gross margin	28.5%	31.1%	29.0%	27.2%	26.3%	28.4%
Net margin	−1.9%	9.6%	12.7%	12.7%	11.7%	9.0%
ROE	−4.2%	18.5%	21.8%	28.0%	24.3%	17.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	271
Current ratio	1.16x
Long-term debt (mil)	4,188
Net debt (mil)	4,958
Total equity (mil)	3,772
Net debt / equity	1.31x
Net debt / EBITDA	2.19x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	10,103	+2.6%	1.4x	2,268	−14.8%	6.4x	12.05	−24.3%	10.1x
2026	9,901	−2.0%	1.5x	1,971	−13.1%	7.4x	9.71	−19.4%	12.5x
2027	10,207	+3.1%	1.4x	2,073	+5.2%	7.0x	11.10	+14.4%	10.9x
2028	10,727	+5.1%	1.4x	2,263	+9.2%	6.4x	13.73	+23.7%	8.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	9,901	−0.5%	0.0%	+2.2%	9.71	−2.8%	+2.5%	+3.0%
2027	10,207	−1.1%	−0.6%	+1.6%	11.10	−6.4%	−5.6%	−5.3%
2028	10,727	−0.8%	−0.7%	+2.7%	13.73	−3.9%	−4.6%	−2.0%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,300	2,789	3,046	2,840	2,530	2,747	2,684	2,142	2,265	2,756
Sales mean (mil)	2,279	2,760	3,043	2,772	2,513	2,704	2,697	2,171	2,162	2,653
Surprise	+0.9%	+1.1%	+0.1%	+2.5%	+0.7%	+1.6%	−0.5%	−1.3%	+4.8%	+3.9%
EPS reported	3.59	4.64	4.38	3.22	2.97	4.21	3.67	1.10	1.22	3.93
EPS mean	3.08	4.33	4.05	2.90	2.87	3.82	3.71	1.36	0.95	3.08
Surprise	+16.6%	+7.3%	+8.1%	+10.8%	+3.5%	+10.3%	−1.0%	−18.8%	+28.2%	+27.7%

Peer comparison Homebuilding & Construction Supplies

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
OC Owens Corning	9.6B	2.19x	−1.9%	2.54x	12.5x	10.9x	7.4x	7.0x
FERG Ferguson Enterprises Inc.	46.2B	1.38x	6.1%	7.45x	20.9x	18.9x	14.3x	13.4x
DHI D.R. Horton, Inc.	39.6B	1.23x	10.5%	1.71x	14.0x	12.1x	11.4x	10.5x
PHM PulteGroup, Inc.	23.0B	0.25x	12.8%	1.76x	13.4x	13.1x	9.3x	9.2x
LEN Lennar Corporation	20.7B	1.48x	6.0%	0.96x	17.5x	16.4x	12.5x	12.4x
NVR NVR, Inc.	15.8B	−0.13x	12.8%	4.59x	17.6x	16.9x	12.0x	11.9x
Mean		1.07x	7.7%	3.17x	16.0x	14.7x	11.1x	10.7x
Median		1.31x	8.3%	2.15x	15.7x	14.8x	11.7x	11.2x

Technical analysis

1M0.0%
3M−14.7%
1Y−2.1%
3Y+15.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Owens Corning, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	10,103	9,851	8,372	9,761	8,498	7,055
Cost of revenue	7,222	6,789	5,942	7,103	6,266	5,419
Gross profit	2,881	3,062	2,430	2,658	2,232	1,636
Selling, general & administrative expenses	1,013	957	748	796	755	664
Research & development	150	131	110	106	91.0	82.0
Interest expense (income), operating	–	–	–	−130	–	–
Unusual expense (income)	1,249	231	−189	91.0	29.0	1,028
Other operating expenses	109	261	122	81.0	−70.0	0
Operating income	360	1,482	1,639	1,714	1,427	−138
Net interest income (expense)	−256	−208	−74.0	−109	−126	−132
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	1.0	−143	9.0	12.0	14.0
Net income before taxes	104	1,275	1,422	1,614	1,313	−256
Provision for taxes	293	334	364	373	319	129
Minority interest	0	0	3.0	0	0	2.0
Equity in affiliates	1.0	6.0	3.0	0	1.0	0
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−188	947	1,064	1,241	995	−383
Extraordinary items	−334	−300	132	–	–	–
Net income	−522	647	1,196	1,241	995	−383
EBIT, normalized	1,611	1,786	1,533	1,753	1,403	873
EBITDA, normalized	2,305	2,373	2,054	2,285	1,904	1,366
Basic EPS, normalized	12.05	15.91	14.42	12.88	9.29	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Owens Corning, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	345	361	1,615	1,099	959	717
Receivables	937	1,244	987	961	939	919
Total inventory	1,472	1,587	1,198	1,334	1,078	855
Prepaid expenses	–	–	–	–	–	–
Other current assets	591	186	117	162	121	115
Total current assets	3,345	3,378	3,917	3,556	3,097	2,606
Property, plant & equipment	4,968	4,888	4,212	4,060	4,126	4,036
Goodwill	1,679	2,843	1,392	1,383	990	989
Intangibles	2,535	2,688	1,528	1,602	1,617	1,667
Long-term investments	62.0	86.0	29.0	27.0	45.0	51.0
Note receivable	–	–	–	–	–	–
Other long-term assets	391	192	159	124	140	132
Total assets	12,980	14,075	11,237	10,752	10,015	9,481
Liabilities
Accounts payable	1,257	1,430	1,216	1,345	1,095	875
Payable/accrued	–	–	–	–	–	–
Accrued expenses	265	342	286	285	281	252
Short-term debt	50.0	0	0	0	0	0
Current portion of long-term debt	435	38.0	431	28.0	25.0	19.0
Other current liabilities	653	487	391	446	296	294
Total current liabilities	2,660	2,297	2,324	2,104	1,697	1,440
Long-term debt	4,687	5,116	2,615	2,992	2,960	3,126
Minority interest	40.0	43.0	44.0	46.0	39.0	40.0
Other liabilities	1,740	1,542	1,088	1,035	1,023	974
Total liabilities	9,127	8,998	6,071	6,177	5,719	5,580
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.0	1.0	1.0	1.0	1.0	1.0
Additional paid-in capital	4,256	4,228	4,166	4,139	4,092	4,059
Retained earnings (accumulated deficit)	4,463	5,224	4,794	3,794	2,706	1,829
Treasury stock	−4,430	−3,685	−3,292	−2,678	−1,922	−1,400
Other equity	−437	−691	−503	−681	−581	−588
Total equity	3,853	5,077	5,166	4,575	4,296	3,901
Total liabilities & shareholders' equity	12,980	14,075	11,237	10,752	10,015	9,481

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Owens Corning, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−522	647	1,193	1,241	995	−385
Depreciation, depletion & amortization	694	677	609	531	502	493
Deferred taxes	43.0	−92.0	26.0	37.0	44.0	86.0
Non-cash items	1,655	633	−39.0	39.0	17.0	985
Changes in working capital	−84.0	27.0	−70.0	−88.0	−55.0	−44.0
Cash from operations	1,786	1,892	1,719	1,760	1,503	1,135
Investing activities
Capital expenditures	−824	−647	−526	−446	−416	−307
Other investing cash flows	59.0	−2,746	170	−177	39.0	102
Cash from investing	−765	−3,393	−356	−623	−377	−205
Financing activities
Financing cash flow items	−1.0	−5.0	1.0	−8.0	−14.0	−14.0
Cash dividends paid	−232	−208	−188	−136	−108	−104
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−839	547	−690	−830	−759	−240
Cash from financing	−1,072	334	−877	−974	−881	−358
Foreign exchange effects	89.0	−87.0	30.0	−22.0	−3.0	−27.0
Net change in cash	38.0	−1,254	516	141	242	545
Free cash flow	962	1,245	1,193	1,314	1,087	828

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.