Owens Corning
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.10B | $9.85B | $8.37B | $9.76B | $8.50B | $7.06B | $7.16B | $7.06B |
| Cost of Revenue | $7.27B | $6.81B | $5.94B | $7.15B | $6.28B | $5.45B | $5.55B | $5.43B |
| Gross Profit | $2.84B | $3.04B | $2.43B | $2.62B | $2.22B | $1.61B | $1.61B | $1.63B |
| Gross Margin | 28.1% | 30.9% | 29.0% | 26.8% | 26.1% | 22.8% | 22.5% | 23.1% |
| Operating Expenses | ||||||||
| Research & Development | $150.0M | $131.0M | $110.0M | $106.0M | $91.0M | $82.0M | $87.0M | $89.0M |
| SG&A Expense | $1.01B | $959.0M | $748.0M | — | — | — | — | — |
| Operating Income | $360.0M | $1.48B | $1.64B | $1.71B | $1.44B | $-138.0M | $787.0M | $807.0M |
| Operating Margin | 3.6% | 15.0% | 19.6% | 17.6% | 16.9% | -2.0% | 11.0% | 11.4% |
| Interest Expense | $256.0M | $208.0M | $74.0M | $109.0M | $126.0M | $132.0M | $131.0M | $117.0M |
| Pretax Income | $104.0M | $1.28B | $1.42B | $1.61B | $1.31B | $-256.0M | $590.0M | $704.0M |
| Income Tax Expense | $293.0M | $334.0M | $364.0M | $373.0M | $319.0M | $129.0M | $186.0M | $156.0M |
| Net Income | $-522.0M | $647.0M | $1.20B | $1.24B | $995.0M | $-383.0M | $405.0M | $545.0M |
| Net Margin | -5.2% | 6.6% | 14.3% | 12.7% | 11.7% | -5.4% | 5.7% | 7.7% |
| EPS (Basic) | $-6.22 | $7.45 | $13.27 | $12.85 | $9.61 | $-3.53 | $3.71 | $4.94 |
| EPS (Diluted) | $-6.22 | $7.37 | $13.14 | $12.70 | $9.54 | $-3.53 | $3.68 | $4.89 |
| Shares Outstanding (Basic) | 84.0M | 86.9M | 90.1M | 96.6M | 103.5M | 108.6M | 109.2M | 110.4M |
| Shares Outstanding (Diluted) | 84.0M | 87.8M | 91.0M | 97.7M | 104.3M | 108.6M | 110.1M | 111.4M |
| Dividends Per Share | $2.86 | $2.49 | $2.16 | $1.57 | $1.13 | $0.98 | $0.90 | $0.85 |