Tearsheet

Owens-Corning (OC)


Market Price (12/23/2025): $113.41 | Market Cap: $9.5 Bil
Sector: Industrials | Industry: Building Products

Owens-Corning (OC)


Market Price (12/23/2025): $113.41
Market Cap: $9.5 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22%
Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -46%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 56%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
  Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -2.9%
2 Attractive yield
Dividend Yield is 2.4%, FCF Yield is 12%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9%
3 Low stock price volatility
Vol 12M is 37%
  Key risks
OC key risks include [1] increased leverage and potential goodwill impairment from its significant acquisition strategy and [2] the operational and financial challenges of integrating large acquired companies like Masonite.
4 Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Advanced Materials, and Renewable Energy Transition. Themes include Energy Efficient Building Materials, Show more.
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
2 Attractive yield
Dividend Yield is 2.4%, FCF Yield is 12%
3 Low stock price volatility
Vol 12M is 37%
4 Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Advanced Materials, and Renewable Energy Transition. Themes include Energy Efficient Building Materials, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -46%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 56%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -2.9%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9%
9 Key risks
OC key risks include [1] increased leverage and potential goodwill impairment from its significant acquisition strategy and [2] the operational and financial challenges of integrating large acquired companies like Masonite.

Valuation, Metrics & Events

OC Stock


Why The Stock Moved


Qualitative Assessment

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Following a period from August 31, 2025, to December 23, 2025, Owens-Corning (OC) experienced a significant stock price decline, with several key factors contributing to this movement:

1. Third-Quarter 2025 Earnings Miss and Impairment Charges. Owens Corning announced its third-quarter 2025 results on November 5, 2025, reporting a slight miss in both earnings per share (EPS) and revenue compared to market expectations. The company's EPS came in at $3.67 against a forecast of $3.74, and revenue was $2.68 billion, falling short of the projected $2.71 billion, which led to a pre-market stock price drop of 7.11%. Additionally, the company recorded non-cash, pre-tax impairment charges totaling $780 million related to its Doors business.

2. Weakening Residential Demand and Challenging Market Conditions. In its third-quarter 2025 results, Owens Corning highlighted weakening residential demand trends in the U.S., which negatively impacted volumes across both repair and remodel and new construction product lines. The company noted that the market conditions remained challenging, particularly within the U.S. residential sector.

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Stock Movement Drivers

Fundamental Drivers

The -20.5% change in OC stock from 9/22/2025 to 12/22/2025 was primarily driven by a -21.5% change in the company's P/S Multiple.
922202512222025Change
Stock Price ($)142.72113.40-20.54%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)11738.0011659.00-0.67%
P/S Multiple1.030.81-21.51%
Shares Outstanding (Mil)85.0083.401.88%
Cumulative Contribution-20.57%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025
ReturnCorrelation
OC-20.5% 
Market (SPY)2.7%34.1%
Sector (XLI)2.6%44.0%

Fundamental Drivers

The -15.4% change in OC stock from 6/23/2025 to 12/22/2025 was primarily driven by a -19.0% change in the company's P/S Multiple.
623202512222025Change
Stock Price ($)134.04113.40-15.40%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)11488.0011659.001.49%
P/S Multiple1.000.81-18.97%
Shares Outstanding (Mil)85.8083.402.80%
Cumulative Contribution-15.46%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025
ReturnCorrelation
OC-15.4% 
Market (SPY)14.4%38.7%
Sector (XLI)9.6%50.8%

Fundamental Drivers

The -31.8% change in OC stock from 12/22/2024 to 12/22/2025 was primarily driven by a -46.2% change in the company's P/S Multiple.
1222202412222025Change
Stock Price ($)166.19113.40-31.76%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)9581.0011659.0021.69%
P/S Multiple1.510.81-46.25%
Shares Outstanding (Mil)87.0083.404.14%
Cumulative Contribution-31.88%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025
ReturnCorrelation
OC-31.8% 
Market (SPY)16.9%63.2%
Sector (XLI)19.2%66.0%

Fundamental Drivers

The 35.6% change in OC stock from 12/23/2022 to 12/22/2025 was primarily driven by a 21.4% change in the company's Total Revenues ($ Mil).
1223202212222025Change
Stock Price ($)83.65113.4035.56%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)9607.0011659.0021.36%
P/S Multiple0.840.81-3.26%
Shares Outstanding (Mil)96.3083.4013.40%
Cumulative Contribution33.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2023 to 12/22/2025
ReturnCorrelation
OC-21.0% 
Market (SPY)47.7%58.4%
Sector (XLI)42.3%64.7%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
OC Return18%21%-4%77%17%-31%94%
Peers Return22%50%-29%66%4%15%159%
S&P 500 Return16%27%-19%24%23%17%113%

Monthly Win Rates [3]
OC Win Rate67%58%42%67%67%50% 
Peers Win Rate55%72%38%57%55%48% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
OC Max Drawdown-52%-2%-17%0%-5%-41% 
Peers Max Drawdown-44%-3%-36%-7%-11%-22% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: CSL, BLD, IBP, AWI, HUN. See OC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique KeyEventOCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-31.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven45.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven321 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-54.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven118.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven151 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-57.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven133.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven835 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-85.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven576.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven432 days1,480 days

Compare to VMC, PPG, DOW, MAS, TT

In The Past

Owens-Corning's stock fell -31.3% during the 2022 Inflation Shock from a high on 5/10/2021. A -31.3% loss requires a 45.6% gain to breakeven.

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About Owens-Corning (OC)

Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades applications in the building and construction, renewable energy, and infrastructure markets. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets for thermal and acoustical applications; and glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation products used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells aminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.

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  • Corning for building insulation and roofing.
  • 3M for home and industrial building products.
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  • Insulation: Owens Corning provides a wide range of insulation products, including fiberglass and mineral wool, for residential, commercial, and industrial buildings.
  • Roofing: The company manufactures shingles and complete roofing systems designed for durability and aesthetic appeal in residential and commercial applications.
  • Fiberglass Composites: Owens Corning produces fiberglass reinforcements and engineered materials used in various composite applications across industries such as automotive, wind energy, and construction.
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Owens-Corning (NYSE: OC) Major Customers

Owens-Corning (NYSE: OC) primarily sells its products to other businesses (B2B) rather than directly to individual consumers. The company operates across three main segments: Insulation, Roofing, and Composites.

Due to the diversified nature of its operations and broad customer base, Owens Corning does not typically disclose specific major customer companies. According to its annual reports (e.g., the 2023 10-K), no single customer accounts for 10% or more of its consolidated net sales. Therefore, instead of identifying specific major customer companies by name, it is more accurate to describe the categories of business customers and channels through which its products are distributed.

Categories of Business Customers and Channels:

  • Building Material Distributors and Wholesalers: These companies purchase Owens Corning's insulation and roofing products in large volumes and then resell them to contractors, builders, and smaller retailers. This category includes national and regional distributors critical to the building materials supply chain.
  • Home Improvement Retailers: Large retail chains that cater to both professional contractors and individual consumers often stock Owens Corning's insulation, roofing, and related building materials.
    • Examples of public companies in this category include:
      • The Home Depot, Inc. (NYSE: HD)
      • Lowe's Companies, Inc. (NYSE: LOW)
  • Building Contractors and Builders: Owens Corning also sells directly to large-scale residential and commercial building contractors and home builders who incorporate the company's insulation and roofing products into their construction projects.
  • Manufacturers Across Diverse Industries (for Composites Segment): Customers for Owens Corning's advanced fiberglass composites are manufacturers that incorporate these materials into their own finished products. These industries include:
    • Transportation: Automotive, marine, and other vehicle manufacturers utilizing lightweight and durable composite components.
    • Wind Energy: Manufacturers of wind turbine blades, which extensively use fiberglass composites.
    • Infrastructure & Construction: Companies producing composite materials for applications such as rebar, pipes, and other structural components.
    • Consumer Goods: Manufacturers of appliances, electronics, and various other consumer products requiring fiberglass reinforcements for strength and durability.
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Brian Chambers, Board Chair, President, and Chief Executive Officer

Mr. Chambers was appointed CEO in 2019 and elected Board Chair in 2020. He has over 18 years of global business and leadership experience with Owens Corning, holding various senior leadership roles including President and Chief Operating Officer, and President of the Roofing business. Prior to rejoining Owens Corning in 2011, Mr. Chambers served as President of Saint-Gobain's distribution business in North America, a role he took in 2007 with the divestiture of Owens Corning's siding business to Saint-Gobain. He also held commercial and operational roles at Honeywell and BOC Gases.

Todd Fister, Executive Vice President and Chief Financial Officer

Mr. Fister was appointed CFO in September 2023. From 2019 to 2023, he served as President of the Owens Corning Insulation business. His previous roles at Owens Corning include Vice President of Global Insulation and Strategy, and Managing Director for multiple global Insulation businesses. Before joining Owens Corning in 2014, Mr. Fister spent seven years at MeadWestvaco (now WestRock) in finance, corporate development, and strategy roles, and also worked at Kimberly-Clark and Procter & Gamble. He led over $1.5 billion in M&A activity prior to his time at Owens Corning.

Gina A. Beredo, Executive Vice President, Chief Administrative Officer, and General Counsel

Ms. Beredo was appointed to her current role in March 2025. She joined Owens Corning in 2021 as executive vice president, general counsel, and corporate secretary. Prior to Owens Corning, she served as executive vice president, general counsel, and corporate secretary for Nordson Corporation, where she was also deputy general counsel.

Dr. Jose Méndez-Andino, Executive Vice President and Chief Research & Development Officer

Dr. Méndez-Andino was appointed Chief Research & Development Officer in April 2021. He joined Owens Corning in 2012 and previously held the position of Vice President of Science and Technology for the company's Insulation and Roofing businesses. Before joining Owens Corning, Dr. Méndez-Andino spent 10 years at Procter & Gamble, serving in various leadership roles in science, product development, and new business creation.

Paula Russell, Executive Vice President and Chief Human Resources Officer

Ms. Russell has served as Executive Vice President and Chief Human Resources Officer since 2021. Her previous roles at Owens Corning include Senior Vice President and Chief Human Resources Officer, Vice President and Chief Human Resources Officer, and Vice President of Total Rewards and Center of Excellence.

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The key risks to Owens-Corning's business include its high exposure to the cyclical nature of construction markets, dependence on key raw materials leading to cost volatility, and risks associated with its acquisition strategy.

  1. Cyclical Nature of Construction Markets: Owens-Corning's business is heavily influenced by the cyclical activity in residential and commercial construction, as well as repair and remodeling markets. Macroeconomic factors such as interest rates, inflation, and general economic conditions significantly impact demand for the company's products, directly affecting its revenue and profitability.

  2. Dependence on Key Raw Materials and Cost Volatility: The company's Roofing and Insulation segments rely heavily on commodity inputs such as asphalt for shingles and petrochemicals for foam insulation. This reliance exposes Owens-Corning to substantial cost volatility, as fluctuations in crude oil prices can directly impact raw material costs, thereby squeezing gross margins.

  3. Risks Related to Acquisitions: Significant acquisitions, such as that of Masonite, introduce risks including increased leverage and interest expense due to debt financing. Furthermore, there is a risk of goodwill impairment, which could materially and adversely affect the company's financial condition and results of operations. The integration of large acquisitions also presents operational and financial challenges.

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The increasing adoption and technological advancements in integrated solar roofing systems pose a clear emerging threat to Owens-Corning's traditional asphalt shingle roofing business. As solar energy becomes more accessible and aesthetically integrated into roofing materials (e.g., solar shingles and tiles from competitors like GAF Energy and Tesla), homeowners and commercial builders may increasingly opt for these solutions that combine weather protection with energy generation. This shift could erode market share for conventional asphalt shingles, which represent a significant portion of Owens-Corning's roofing segment, as the value proposition of a roof expands beyond mere protection to include power generation.

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Owens-Corning (NYSE: OC) operates in several key markets, primarily roofing, insulation, and composite materials.

Roofing

  • The global roofing market was valued at approximately USD 213.76 billion in 2023 and is projected to reach USD 280.29 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.62%.
  • The U.S. roofing shingles market alone was valued at USD 7.47 billion in 2024 and is expected to grow to USD 10.36 billion by 2030, with a CAGR of 5.60%.
  • The Asia-Pacific region held the largest share of the global roofing market, accounting for over 37% of global revenue in 2023.

Insulation

  • The global building insulation market was valued at USD 28.90 billion in 2023 and is anticipated to reach USD 31.2 billion by 2032, with a CAGR of 3.8% during the forecast period.
  • The global OEM insulation market size was approximately USD 37.29 billion in 2025 and is projected to reach around USD 59.87 billion by 2034, growing at a CAGR of 5.40% from 2025 to 2034.
  • In the OEM insulation market, the Asia-Pacific region is a significant player, with an estimated market size of USD 14.54 billion in 2025, expected to rise to around USD 23.65 billion by 2034.

Composites

  • The global composites market was valued at an estimated USD 108.8 billion in 2023 and is projected to reach USD 181.7 billion by 2028, at a CAGR of 10.8%. Another estimate places the global composites market size at USD 118.49 billion in 2024, with a projection to reach approximately USD 213.32 billion by 2034, growing at a CAGR of 6.05% from 2025 to 2034.
  • The Asia-Pacific region holds the largest share of the global composites market. The Asia-Pacific composites market size was valued at USD 53.91 billion in 2024 and is anticipated to reach around USD 97.27 billion by 2034, with a CAGR of 6.07% from 2025 to 2034.

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Here are 3-5 expected drivers of future revenue growth for Owens-Corning (OC) over the next 2-3 years:

  1. Expanded Roofing Manufacturing Capacity: Owens-Corning is investing significantly in increasing its shingle manufacturing capacity, including building a new facility in the southeastern United States, which is anticipated to begin production in 2027. This expansion, along with laminate capabilities added at its Medina, Ohio facility, is designed to meet strong and growing demand for its high-performing laminate shingles, such as the premium Duration® series.
  2. Growth from the Masonite Acquisition: The 2024 acquisition of Masonite International Corporation is a transformative strategic move that provides a new growth platform for Owens-Corning. The Doors segment, bolstered by this acquisition, is expected to see increased adjusted EBITDA margins over the next one to three years, driven by cost synergies and anticipated improvements in market conditions.
  3. Strategic Focus on Sustainable and Energy-Efficient Solutions: The company's emphasis on Environmental, Social, and Governance (ESG) initiatives, particularly in its insulation business and its broader commitment to energy transition, serves as a solid growth platform. Owens-Corning aims to provide durable, sustainable, and energy-efficient building solutions, aligning with increasing market demand for such products.
  4. New Product Innovation: Continuous innovation and the launch of new products, such as the "Evergreen Mist" 2026 Shingle Color of the Year within the TruDefinition® Duration® Designer shingle line, are expected to drive demand by offering enhanced curb appeal and performance. The company's executive leadership highlights leveraging product, process, and material science innovation to accelerate growth.

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Share Repurchases

  • Owens Corning returned approximately $2.8 billion of cash to shareholders through dividends and share repurchases between 2020 and 2023, repurchasing over 20% of its outstanding shares during this period.
  • In 2024, the company repurchased 2.6 million shares of common stock for $430 million, and a new share repurchase authorization for up to 12 million additional shares was approved in May 2025.
  • The company's capital allocation strategy commits to returning approximately 50% of free cash flow to shareholders over time through dividends and share repurchases.

Share Issuance

  • In connection with the acquisition of Masonite International Corporation in May 2024, Owens Corning issued equity awards for Masonite outstanding equity awards, with a fair value of $35 million included in transaction consideration for time-vesting restricted stock units.

Inbound Investments

  • No information is available regarding large inbound investments made in Owens Corning by third parties over the last 3-5 years.

Outbound Investments

  • Owens Corning completed the acquisition of Masonite International Corporation in May 2024 for approximately $3.9 billion, significantly expanding its leadership in branded residential products with interior and exterior doors and door systems.
  • On February 14, 2025, Owens Corning announced a definitive agreement to sell its global glass reinforcements business for approximately $436 million, less costs to sell, with the transaction expected to close in 2025.

Capital Expenditures

  • Capital expenditures totaled $446 million in 2022, $526 million in 2023, and $647 million in 2024.
  • Expected capital additions for 2025 are approximately $800 million, reflecting significant multi-year organic investments in new manufacturing capacity.
  • Primary focus areas for capital expenditures include expanding the Roofing manufacturing network with a new shingle plant in Prattville, Alabama, and increasing production capacity for core insulation products with a new fiberglass insulation line in Kansas City and a new XPS insulation plant in Arkansas.

Better Bets than Owens-Corning (OC)

Trade Ideas

Select ideas related to OC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
18.9%18.9%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.5%5.5%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.5%6.5%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.3%3.3%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
6.0%6.0%-0.4%
OC_10032025_Dip_Buyer_FCFYield10032025OCOwens-CorningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-17.8%-17.8%-28.8%
OC_1312020_Dip_Buyer_FCFYield01312020OCOwens-CorningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.8%30.2%-48.4%

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Peer Comparisons for Owens-Corning

Peers to compare with:

Financials

OCCSLBLDIBPAWIHUNMedian
NameOwens-Co.Carlisle.TopBuild Installe.Armstron.Huntsman  
Mkt Price113.40331.18429.53265.92189.2310.03227.57
Mkt Cap9.514.112.07.28.21.78.8
Rev LTM11,6595,0155,2362,9741,6005,7805,126
Op Inc LTM1,8261,036830376310-24603
FCF LTM1,108958791304242199548
FCF 3Y Avg1,201987723283184126503
CFO LTM1,8721,086846381332366614
CFO 3Y Avg1,8271,120788355270332572

Growth & Margins

OCCSLBLDIBPAWIHUNMedian
NameOwens-Co.Carlisle.TopBuild Installe.Armstron.Huntsman  
Rev Chg LTM21.7%0.1%-1.3%2.1%15.1%-3.5%1.1%
Rev Chg 3Y Avg7.1%-0.7%3.0%5.7%9.8%-11.5%4.3%
Rev Chg Q-2.9%1.0%1.4%2.3%10.0%-5.2%1.2%
QoQ Delta Rev Chg LTM-0.7%0.3%0.4%0.6%2.5%-1.4%0.3%
Op Mgn LTM15.7%20.7%15.8%12.6%19.4%-0.4%15.8%
Op Mgn 3Y Avg15.9%21.5%16.4%13.0%18.9%1.2%16.1%
QoQ Delta Op Mgn LTM-0.0%-0.5%-0.6%0.1%-0.4%-0.5%-0.4%
CFO/Rev LTM16.1%21.7%16.2%12.8%20.8%6.3%16.1%
CFO/Rev 3Y Avg17.9%23.1%15.1%12.3%18.8%5.5%16.5%
FCF/Rev LTM9.5%19.1%15.1%10.2%15.1%3.4%12.7%
FCF/Rev 3Y Avg11.8%20.3%13.8%9.9%12.8%2.1%12.3%

Valuation

OCCSLBLDIBPAWIHUNMedian
NameOwens-Co.Carlisle.TopBuild Installe.Armstron.Huntsman  
Mkt Cap9.514.112.07.28.21.78.8
P/S0.82.82.32.45.10.32.4
P/EBIT21.313.414.219.119.2-14.316.7
P/E-19.618.121.228.226.8-5.319.7
P/CFO5.113.014.218.924.64.713.6
Total Yield-2.7%6.8%4.7%4.8%3.9%-8.9%4.3%
Dividend Yield2.4%1.3%0.0%1.2%0.2%10.1%1.2%
FCF Yield 3Y Avg9.2%6.6%7.2%5.4%3.5%5.7%6.1%
D/E0.60.20.30.10.11.40.2
Net D/E0.60.10.20.10.01.10.1

Returns

OCCSLBLDIBPAWIHUNMedian
NameOwens-Co.Carlisle.TopBuild Installe.Armstron.Huntsman  
1M Rtn8.8%7.1%-0.4%2.9%3.5%18.7%5.3%
3M Rtn-20.5%-1.9%6.7%3.7%-3.3%4.0%0.9%
6M Rtn-15.4%-8.5%32.4%48.5%21.5%-1.5%10.0%
12M Rtn-31.8%-11.4%38.4%52.0%33.4%-41.2%11.0%
3Y Rtn35.6%43.9%171.5%219.0%181.4%-57.8%107.7%
1M Excs Rtn10.2%6.9%0.3%4.2%-0.3%18.7%5.5%
3M Excs Rtn-24.5%-4.3%4.6%0.2%-6.1%4.3%-2.1%
6M Excs Rtn-29.9%-23.3%18.6%33.6%7.0%-15.6%-4.3%
12M Excs Rtn-50.9%-29.9%17.7%31.1%15.5%-58.5%-7.2%
3Y Excs Rtn-46.4%-36.6%86.1%125.4%104.4%-133.2%24.8%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Roofing4,0303,6583,2092,6952,634
Insulation3,6683,7143,1842,6072,668
Composites2,2862,6602,3411,9602,059
Doors0    
Eliminations-307-271-236-207-201
Total9,6779,7618,4987,0557,160


Assets by Segment
$ Mil20242023202220212020
Insulation3,9343,9303,9373,9374,975
Composites3,1533,2022,5992,4262,470
Roofing1,8631,8971,8841,8141,784
Cash and cash equivalents1,6151,099959717172
Corporate property, plant and equipment, other assets and eliminations619536560503507
Investments in affiliates2927455151
Non-current deferred income taxes2416312846
Doors0    
Assets held for sale 45 51
Total11,23710,75210,0159,48110,006


Price Behavior

Price Behavior
Market Price$113.40 
Market Cap ($ Bil)9.5 
First Trading Date11/01/2006 
Distance from 52W High-39.8% 
   50 Days200 Days
DMA Price$115.03$134.60
DMA Trenddowndown
Distance from DMA-1.4%-15.7%
 3M1YR
Volatility34.7%37.0%
Downside Capture146.33158.03
Upside Capture15.7096.72
Correlation (SPY)33.6%63.1%
OC Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.240.951.041.371.211.25
Up Beta2.361.621.952.031.351.30
Down Beta-0.040.750.530.910.831.02
Up Capture25%-9%5%80%86%206%
Bmk +ve Days13263974142427
Stock +ve Days8152452106376
Down Capture158%149%172%171%133%107%
Bmk -ve Days7162452107323
Stock -ve Days12273974142372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of OC With Other Asset Classes (Last 1Y)
 OCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-36.9%17.0%14.7%67.3%6.8%-0.5%-16.6%
Annualized Volatility37.1%19.0%19.7%19.3%15.2%17.6%35.4%
Sharpe Ratio-1.170.690.572.540.23-0.18-0.25
Correlation With Other Assets 66.4%63.7%-1.0%17.0%59.5%34.7%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of OC With Other Asset Classes (Last 5Y)
 OCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return11.1%14.1%15.0%18.9%11.8%5.1%35.8%
Annualized Volatility34.0%17.2%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.380.660.710.980.510.180.63
Correlation With Other Assets 69.5%63.0%7.4%12.6%54.6%26.4%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of OC With Other Asset Classes (Last 10Y)
 OCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return11.0%13.5%14.9%14.9%6.7%5.5%69.9%
Annualized Volatility34.7%19.9%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.400.600.710.840.300.230.90
Correlation With Other Assets 68.0%63.6%2.8%20.9%55.2%18.4%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity2,718,885
Short Interest: % Change Since 111520253.3%
Average Daily Volume2,458,168
Days-to-Cover Short Interest1.11
Basic Shares Quantity83,400,000
Short % of Basic Shares3.3%