Owens Historical Income Statement

OC Stock

USD 205.62 0.52 0.25%

Historical analysis of Owens Corning income statement accounts such as Gross Profit of 2.8 B, Other Operating Expenses of 5.3 B or Operating Income of 1.9 B can show how well Owens Corning performed in making a profits. Evaluating Owens Corning income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Owens Corning's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Owens Corning latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Owens Corning is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.

About Owens Income Statement Analysis

Owens Corning Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Owens Corning shareholders. The income statement also shows Owens investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Owens Corning Income Statement Chart

At present, Owens Corning's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 2.8 B, whereas Total Revenue is forecasted to decline to about 5.5 B.

Total Revenue Gross Profit Operating Income Income Before Tax

Total Revenue

Total revenue comprises all receipts Owens Corning generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Owens Corning minus its cost of goods sold. It is profit before Owens Corning operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Owens Corning operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Owens Corning is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Owens Corning income statement and is an important metric when analyzing Owens Corning profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Owens Corning's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Owens Corning current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.At present, Owens Corning's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 2.8 B, whereas Total Revenue is forecasted to decline to about 5.5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	2.2B	2.6B	2.7B	2.8B
Total Revenue	8.5B	9.8B	9.7B	5.5B

Gross Profit Total Revenue

Owens Corning income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Minority Interest	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.03	0.35	0.46	0.36	0.51	0.09	0.38	0.37	0.15	0.36	-0.5	0.36	0.3	0.16	0.34	-0.41	-0.36	-0.09	0.2	0.08	0.35	0.21	0.25	0.58	0.45
Interest Expense	0.03		0.44	0.04	0.53	-0.04	0.02	0.03	0.55	0.43	-0.16	-0.47	-0.15	-0.15	-0.2	0.35	0.19	0.7	-0.39	0.21	-0.3	0.0	0.26	-0.52	0.06	-0.3
Total Revenue	0.35	0.44		0.76	0.99	0.72	0.65	0.71	0.99	0.9	0.61	-0.6	0.58	0.64	0.7	0.94	0.03	0.09	0.43	0.72	0.21	0.81	0.58	-0.1	0.79	0.38
Gross Profit	0.46	0.04	0.76		0.75	0.99	0.86	0.93	0.71	0.76	0.89	-0.61	0.85	0.94	0.79	0.74	-0.01	-0.42	0.57	0.84	0.43	0.88	0.7	0.22	0.92	0.64
Other Operating Expenses	0.36	0.53	0.99	0.75		0.7	0.64	0.7	1.0	0.91	0.58	-0.66	0.56	0.6	0.64	0.93	0.05	0.13	0.34	0.74	0.14	0.77	0.59	-0.11	0.78	0.36
Operating Income	0.51	-0.04	0.72	0.99	0.7		0.84	0.94	0.66	0.69	0.91	-0.57	0.87	0.95	0.79	0.71	-0.05	-0.48	0.6	0.79	0.46	0.88	0.66	0.27	0.92	0.66
Ebit	0.09	0.02	0.65	0.86	0.64	0.84		0.95	0.6	0.68	0.94	-0.45	0.93	0.88	0.76	0.68	0.18	-0.26	0.79	0.69	0.32	0.85	0.47	0.29	0.66	0.51
Ebitda	0.38	0.03	0.71	0.93	0.7	0.94	0.95		0.67	0.67	0.98	-0.56	0.97	0.9	0.75	0.73	0.04	-0.35	0.71	0.7	0.33	0.89	0.5	0.35	0.79	0.6
Cost Of Revenue	0.37	0.55	0.99	0.71	1.0	0.66	0.6	0.67		0.89	0.55	-0.65	0.53	0.55	0.62	0.93	0.05	0.16	0.33	0.69	0.13	0.75	0.56	-0.13	0.75	0.34
Total Operating Expenses	0.15	0.43	0.9	0.76	0.91	0.69	0.68	0.67	0.89		0.56	-0.52	0.51	0.67	0.66	0.82	0.07	0.13	0.41	0.83	0.19	0.76	0.6	-0.14	0.73	0.26
Income Before Tax	0.36	-0.16	0.61	0.89	0.58	0.91	0.94	0.98	0.55	0.56		-0.43	0.99	0.91	0.76	0.64	0.0	-0.44	0.79	0.61	0.39	0.87	0.4	0.43	0.73	0.61
Total Other Income Expense Net	-0.5	-0.47	-0.6	-0.61	-0.66	-0.57	-0.45	-0.56	-0.65	-0.52	-0.43		-0.41	-0.46	-0.32	-0.66	-0.33	0.18	0.07	-0.58	0.22	-0.51	-0.62	-0.06	-0.65	-0.54
Net Income	0.36	-0.15	0.58	0.85	0.56	0.87	0.93	0.97	0.53	0.51	0.99	-0.41		0.85	0.72	0.62	0.0	-0.41	0.79	0.54	0.36	0.84	0.34	0.45	0.69	0.59
Income Tax Expense	0.3	-0.15	0.64	0.94	0.6	0.95	0.88	0.9	0.55	0.67	0.91	-0.46	0.85		0.81	0.63	0.0	-0.47	0.72	0.77	0.45	0.9	0.59	0.29	0.8	0.61
Selling General Administrative	0.16	-0.2	0.7	0.79	0.64	0.79	0.76	0.75	0.62	0.66	0.76	-0.32	0.72	0.81		0.76	-0.07	-0.47	0.75	0.73	0.44	0.81	0.54	0.31	0.77	0.71
Research Development	0.34	0.35	0.94	0.74	0.93	0.71	0.68	0.73	0.93	0.82	0.64	-0.66	0.62	0.63	0.76		0.02	-0.09	0.45	0.65	0.11	0.82	0.49	0.19	0.75	0.6
Minority Interest	-0.41	0.19	0.03	-0.01	0.05	-0.05	0.18	0.04	0.05	0.07	0.0	-0.33	0.0	0.0	-0.07	0.02		0.08	-0.07	0.15	-0.06	-0.07	0.37	-0.35	0.04	-0.02
Selling And Marketing Expenses	-0.36	0.7	0.09	-0.42	0.13	-0.48	-0.26	-0.35	0.16	0.13	-0.44	0.18	-0.41	-0.47	-0.47	-0.09	0.08		-0.27	-0.22	-0.32	-0.3	-0.26	-0.65	-0.42	-0.83
Net Income From Continuing Ops	-0.09	-0.39	0.43	0.57	0.34	0.6	0.79	0.71	0.33	0.41	0.79	0.07	0.79	0.72	0.75	0.45	-0.07	-0.27		0.37	0.39	0.75	0.09	0.37	0.39	0.35
Non Recurring	0.2	0.21	0.72	0.84	0.74	0.79	0.69	0.7	0.69	0.83	0.61	-0.58	0.54	0.77	0.73	0.65	0.15	-0.22	0.37		0.26	0.71	0.84	-0.13	0.83	0.44
Non Operating Income Net Other	0.08	-0.3	0.21	0.43	0.14	0.46	0.32	0.33	0.13	0.19	0.39	0.22	0.36	0.45	0.44	0.11	-0.06	-0.32	0.39	0.26		0.24	0.4	-0.07	0.45	0.21
Tax Provision	0.35	0.0	0.81	0.88	0.77	0.88	0.85	0.89	0.75	0.76	0.87	-0.51	0.84	0.9	0.81	0.82	-0.07	-0.3	0.75	0.71	0.24		0.46	0.29	0.78	0.58
Interest Income	0.21	0.26	0.58	0.7	0.59	0.66	0.47	0.5	0.56	0.6	0.4	-0.62	0.34	0.59	0.54	0.49	0.37	-0.26	0.09	0.84	0.4	0.46		-0.34	0.8	0.42
Net Interest Income	0.25	-0.52	-0.1	0.22	-0.11	0.27	0.29	0.35	-0.13	-0.14	0.43	-0.06	0.45	0.29	0.31	0.19	-0.35	-0.65	0.37	-0.13	-0.07	0.29	-0.34		0.06	0.66
Reconciled Depreciation	0.58	0.06	0.79	0.92	0.78	0.92	0.66	0.79	0.75	0.73	0.73	-0.65	0.69	0.8	0.77	0.75	0.04	-0.42	0.39	0.83	0.45	0.78	0.8	0.06		0.66
Extraordinary Items	0.45	-0.3	0.38	0.64	0.36	0.66	0.51	0.6	0.34	0.26	0.61	-0.54	0.59	0.61	0.71	0.6	-0.02	-0.83	0.35	0.44	0.21	0.58	0.42	0.66	0.66

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Owens Corning Account Relationship Matchups

Owens Corning income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	457M	465M	476M	499M	524.0M
Interest Expense	131M	132M	126M	109M	76M	78.8M
Total Revenue	7.2B	7.1B	8.5B	9.8B	9.7B	5.5B
Gross Profit	1.6B	1.6B	2.2B	2.6B	2.7B	2.8B
Other Operating Expenses	6.4B	6.2B	7.1B	8.2B	7.9B	5.3B
Operating Income	787M	820M	1.4B	1.7B	1.8B	1.9B
Ebit	1.2B	(116M)	1.4B	1.7B	1.7B	1.8B
Ebitda	1.2B	341M	1.9B	2.2B	2.2B	2.3B
Cost Of Revenue	5.6B	5.4B	6.3B	7.1B	7.0B	4.3B
Total Operating Expenses	822M	804M	779M	1.0B	871M	733.8M
Total Other Income Expense Net	(197M)	(118M)	(125M)	(100M)	(221M)	(210.0M)
Net Income	405M	(385M)	995M	1.2B	1.2B	1.3B
Income Tax Expense	186M	129M	319M	373M	401M	421.1M
Selling General Administrative	581M	566M	647M	678M	839M	643.1M
Net Income Applicable To Common Shares	405M	(383M)	995M	1.2B	1.1B	587.7M
Net Income From Continuing Ops	404M	(385M)	994M	1.2B	1.2B	618.6M
Tax Provision	186M	129M	319M	373M	394M	260.8M
Interest Income	131M	132M	126M	109M	125.4M	127.9M
Net Interest Income	(131M)	(132M)	(126M)	(109M)	(89M)	(93.5M)
Reconciled Depreciation	457M	493M	502M	531M	577M	528.6M

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Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.02)

Dividend Share

2.4

Earnings Share

11.78

Revenue Per Share

119.235

Quarterly Revenue Growth

0.229

The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Owens Historical Income Statement

About Owens Income Statement Analysis

Owens Corning Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Income Before Tax

Owens Corning income statement Correlations

Owens Corning Account Relationship Matchups

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High Negative Relationship

Owens Corning income statement Accounts

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Operating Income	+ 0.99	Gross Profit
Net Income	+ 0.99	Income Before Tax
Income Before Tax	+ 0.98	Ebitda

Extraordinary Items	- 0.83	Selling And Marketing Expenses
Research Development	- 0.66	Total Other Income Expense Net
Total Other Income Expense Net	- 0.66	Other Operating Expenses
Net Interest Income	- 0.65	Selling And Marketing Expenses
Reconciled Depreciation	- 0.65	Total Other Income Expense Net
Total Other Income Expense Net	- 0.65	Cost Of Revenue