Owens Corning
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
OC$122.97-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Financial Statements
CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS
(in millions, except per share amounts)
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| NET SALES | $10,103 | $9,851 | $8,372 |
| COST OF SALES | 7,265 | 6,810 | 5,942 |
| Gross margin | 2,838 | 3,041 | 2,430 |
| OPERATING EXPENSES | |||
| Marketing and administrative expenses | 1,014 | 959 | 748 |
| Science and technology expenses | 150 | 131 | 110 |
| Goodwill impairment charge | 1,135 | — | — |
| Intangible assets impairment charge | 39 | — | — |
| Loss on sale of business | 30 | 91 | — |
| Gain on sale of site | — | — | (189) |
| Other expense, net | 110 | 378 | 122 |
| Total operating expenses | 2,478 | 1,559 | 791 |
| OPERATING INCOME | 360 | 1,482 | 1,639 |
| Non-operating (income) expense | — | (1) | 143 |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES | 360 | 1,483 | 1,496 |
| Interest expense, net | 256 | 208 | 74 |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES | 104 | 1,275 | 1,422 |
| Income tax expense | 293 | 334 | 364 |
| Equity in net earnings of affiliates | 1 | 6 | 3 |
| NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS | (188) | 947 | 1,061 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (334) | (300) | 132 |
| NET (LOSS) EARNINGS | $(522) | $647 | $1,193 |
| NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS | $(188) | $947 | $1,061 |
| Net loss attributable to non-redeemable and redeemable noncontrolling interests | — | — | (3) |
| NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING | (188) | 947 | 1,064 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (334) | (300) | 132 |
| NET (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING | $(522) | $647 | $1,196 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | |||
| Basic - continuing operations | $(2.24) | $10.90 | $11.81 |
| Basic - discontinued operations | $(3.98) | $(3.45) | $1.46 |
| Basic | $(6.22) | $7.45 | $13.27 |
| Diluted - continuing operations | $(2.24) | $10.79 | $11.69 |
| Diluted - discontinued operations | $(3.98) | $(3.42) | $1.45 |
| Diluted | $(6.22) | $7.37 | $13.14 |
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