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Maker of insulation and roofing shingles, plus exterior doors after acquiring Masonite in 2024.
Maker of insulation and roofing shingles, plus exterior doors after acquiring Masonite in 2024.
Sells through building-products distributors and home-center chains to roofing contractors, insulation installers and builders, so sales follow new housing starts and, increasingly, repair and re-roofing driven by weather such as hail and hurricanes. The 2024 purchase of Masonite added residential doors. It also makes glass fiber used in composite materials.
Moat: narrow (brand, distribution, scale). Strong contractor-facing brand (Pink insulation) and a broad distributor network built over decades.
Headquarters: Toledo, Ohio, US · Founded: 1938 · Employees: 25,000
Size Owens Corning (OC) is a United States Materials company (Containers/Packaging) with a market value of $9.59B, the 798th largest of 3,117 United States companies the cockpit tracks. Shares closed at $121.31 on 6 Nov 2026.
Performance Over six months the shares fell 0.3%, against +6.9% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 10.6% over the last twelve months (peer median +4.9%); the operating margin is 13.6% (peer median 9.1%).
Valuation It trades at 15.3× forward earnings against a peer median of 18.7× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points above its cost of capital (9.2% WACC).
Backlog Backlog (remaining performance obligations) was $10.0M at 31 Dec 2025, up 11% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Owens Corning has 9 bonds outstanding ($4.49B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 91 bp.
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.65B | $10.1B | $9.85B | $9.68B | $9.76B |
| Revenue growth | — | +3% | +2% | -1% | — |
| Gross profit | $2.45B | $2.88B | $3.08B | $2.84B | $2.71B |
| EBITDA | $1.94B | $2.33B | $2.52B | $2.38B | $2.28B |
| Net income | -$427M | -$522M | $647M | $1.20B | $1.24B |
| Free cash flow | $767M | $962M | $1.25B | $1.19B | $1.31B |
| Capital expenditure | $880M | $824M | $647M | $526M | $446M |
| Total debt | $5.38B | $5.71B | $5.53B | $3.27B | $3.22B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Owens Corning OC | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% |
| Compagnie de Saint-Gobain SGO.PA | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% |
| James Hardie Industries JHX | $16.2B | +33% | +43% | 14% | 21.0× | 26.1% |
| Louisiana-Pacific LPX | $5.27B | 0% | -12% | 5% | 34.9× | 39.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | +6.4% | 9th lowest of 21 |
| 6-month return | -0.3% | +6.9% | 7th lowest of 21 |
| Distance from 52-week high | -24.1% | -16.0% | 5th lowest of 21 |
| Revenue growth (TTM) | -10.6% | +4.9% | lowest of 21 |
| Operating margin | 13.6% | 9.1% | 4th highest of 21 |
| Forward P/E | 15.3× | 18.7× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 3.6% | 5.1% | 8th least demanding of 19 |
| Growth delivered (Del g) | +7.4% | +7.0% | 10th highest of 19 |
| Hurdle (Req g minus delivered) | -3.9 pp | -6.8 pp | 9th most demanding of 19 |
| ROIC minus cost of capital | +3.1 pp | +1.1 pp | 8th highest of 21 |
| EV / EBITDA | 7.6× | 9.0× | 3rd cheapest of 16 |
| Net debt / EBITDA | 2.7× | 3.0× | 8th least indebted of 17 |
| Bond spread | 91 bp | 100 bp | 6th tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Owens Corning OC | United States | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% | +7.4% |
| AptarGroup ATR | United States | $9.03B | +18% | +9% | 12% | 23.4× | 4.3% | +5.2% |
| Stora Enso STEAV.HE | Finland | $8.58B | 0% | -1% | -4% | 18.4× | n/a | n/a |
| CCL Industries CCL-B.TO | Canada | $11.8B | +17% | +5% | 15% | 18.7× | 1.3% | +7.9% |
| Yunnan Energy New Material (Group) 002812.SZ | China | $7.55B | -38% | +50% | 17% | 19.8× | 7.8% | +26.1% |
| SIG SIGN.SW | Switzerland | $7.07B | +23% | -5% | 5% | 20.5× | 18.4% | +9.4% |
| Crown CCK | United States | $13.1B | +20% | +14% | 12% | 13.9× | -4.7% | +5.7% |
| China International Marine Containers (Group) 000039.SZ | China | $6.19B | -23% | 0% | 4% | 18.7× | -9.2% | +10.7% |
| Ball BALL | United States | $17.2B | +13% | +21% | 11% | 15.3× | 6.4% | +2.3% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 154.7× | n/a | n/a |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 20.8× | -0.4% | +7.9% |
| Sonoco Products SON | United States | $4.99B | -2% | +4% | 10% | 9.0× | -1.9% | +7.5% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| Amcor AMCR | United States | $20.7B | +14% | +57% | 9% | n/a | 5.8% | +12.8% |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| Packaging Corporation of America PKG | United States | $22.2B | +12% | +12% | 13% | 17.8× | 4.3% | +6.2% |
| Smurfit Westrock SW | United States | $23.1B | +7% | +1% | 5% | 15.1× | 13.5% | +26.2% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
Owens Corning has 9 bonds outstanding with $4.49B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.85%, a spread of 91 bp over government bonds.
Owens Corning reported $10.0M of remaining performance obligations at 31 Dec 2025, up 11% from a year earlier. That is 0.0 years of trailing revenue already under contract.