Owens Corning (OC) FY2024 results: revenue $9.9 billion, up 17.7% on the year
Owens Corning (OC) reported revenue of $9.9 billion for fiscal 2024, the year ended 31 December 2024, up 17.7% on the year before. Net income was $647 million, down 45.9%, and diluted earnings per share $7.37. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$9.9 billion
+17.7% on the year
FY2017FY2024
Operating margin
15.0%
19.6% a year earlier
FY2017FY2024
Net income
$647 million
-45.9% on the year
FY2017FY2024
Diluted EPS
$7.37
-43.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,892
1,719
1,760
+10.1%
Capital expenditure
647
526
446
+23.0%
Free cash flow
1,245
1,193
1,314
+4.4%
Free cash flow margin
12.6%
14.2%
13.5%
Cash from investing
-3,393
-356
-623
Cash from financing
334
-877
-974
Depreciation and amortisation
677
609
531
+11.2%
Share-based compensation
93.0
51.0
51.0
+82.4%
Buybacks
491
657
795
-25.3%
Dividends paid
208
188
136
+10.6%
Dividend per share
$2.49
$2.16
$1.57
+15.3%
Diluted shares, weighted
88m
91m
98m
-3.5%
Shares outstanding at period end
85m
87m
92m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,077
5,166
4,575
-1.7%
Non-controlling interest
43.0
19.0
21.0
+126.3%
Redeemable equity
0.0
25.0
25.0
Short-term borrowings
1.0
1.0
1.0
0.0%
Debt
5,099
3,046
3,020
+67.4%
Operating lease liabilities
348
165
152
+110.9%
Finance lease liabilities
284
122
103
+132.8%
Other liabilities
3,223
2,693
2,855
+19.7%
Total liabilities and equity
14,075
11,237
10,752
+25.3%
Fixed assets
3,818
3,841
3,729
-0.6%
Goodwill
2,745
1,392
1,383
+97.2%
Intangible assets
2,680
1,528
1,602
+75.4%
Cash and equivalents
321
1,615
1,099
-80.1%
Receivables
1,140
987
961
+15.5%
Inventory
1,327
1,198
1,334
+10.8%
Other assets
2,044
676
644
+202.4%
Total assets
14,075
11,237
10,752
+25.3%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.