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Owens Corning is a building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, and energy-efficient solutions that leverage our unique capabilities and market-leading positions to help our customers win and grow.
16.57% operating margin is respectable but not wide. ROIC at 13.69%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 2.6%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 23% versus the prior year, cash generation momentum has weakened. Net debt of $4.96B represents 5.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$9.84B
▲ +2.6% YoY
Net Income (TTM)
-$534M
▼ -180.7% YoY
Op. Margin
14.10%
▲ +1.5pp YoY
ROIC
11.92%
▲ +1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$827M
▼ -22.7% YoY
Op. Cash Flow (TTM)
$1.68B
▼ -5.6% YoY
Net Debt
$5.35B
Cash & Equiv.
$272M
5Y CAGR: +7.4%
5Y CAGR: +3.0%
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