Owens Income Statement Research

OC Stock

USD 160.52 2.38 1.46%

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 Owens Corning Valuation and Owens Corning Correlation analysis.

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.

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		0.35	0.78	0.91	0.83	0.87	0.87	0.92	0.79	0.81	0.69	-0.22	0.66	0.75	0.65	0.79	0.01	0.56	0.24	0.83	0.22	0.73	0.76	0.11	0.89	0.61
Interest Expense	0.35		0.44	0.04	0.52	-0.04	0.09	0.15	0.55	0.31	-0.16	-0.49	-0.15	-0.15	-0.19	0.35	0.19	0.71	-0.39	0.21	-0.3	0.0	0.26	-0.52	0.06	-0.3
Total Revenue	0.78	0.44		0.76	0.99	0.72	0.79	0.81	0.99	0.93	0.61	-0.2	0.58	0.64	0.7	0.94	0.03	0.64	0.43	0.72	0.21	0.81	0.58	-0.1	0.79	0.38
Gross Profit	0.91	0.04	0.76		0.75	0.99	0.98	0.99	0.71	0.8	0.89	0.01	0.85	0.94	0.8	0.74	-0.01	0.34	0.57	0.84	0.43	0.88	0.7	0.22	0.92	0.64
Other Operating Expenses	0.83	0.52	0.99	0.75		0.7	0.78	0.81	1.0	0.93	0.59	-0.23	0.56	0.6	0.66	0.94	0.05	0.7	0.35	0.74	0.15	0.77	0.59	-0.09	0.78	0.38
Operating Income	0.87	-0.04	0.72	0.99	0.7		0.98	0.98	0.66	0.75	0.91	0.05	0.87	0.95	0.79	0.71	-0.05	0.28	0.6	0.79	0.46	0.88	0.66	0.27	0.92	0.66
Ebit	0.87	0.09	0.79	0.98	0.78	0.98		0.99	0.74	0.79	0.89	-0.01	0.85	0.93	0.76	0.73	-0.05	0.34	0.59	0.8	0.45	0.89	0.66	0.14	0.9	0.53
Ebitda	0.92	0.15	0.81	0.99	0.81	0.98	0.99		0.77	0.81	0.87	-0.06	0.83	0.91	0.75	0.76	-0.04	0.4	0.53	0.83	0.41	0.88	0.69	0.14	0.92	0.56
Cost Of Revenue	0.79	0.55	0.99	0.71	1.0	0.66	0.74	0.77		0.91	0.55	-0.25	0.53	0.55	0.62	0.93	0.05	0.71	0.33	0.69	0.13	0.75	0.56	-0.13	0.75	0.34
Total Operating Expenses	0.81	0.31	0.93	0.8	0.93	0.75	0.79	0.81	0.91		0.62	-0.17	0.57	0.71	0.79	0.92	0.05	0.57	0.47	0.82	0.21	0.83	0.62	0.03	0.8	0.48
Income Before Tax	0.69	-0.16	0.61	0.89	0.59	0.91	0.89	0.87	0.55	0.62		0.43	0.99	0.91	0.76	0.64	0.0	0.28	0.79	0.61	0.39	0.87	0.4	0.43	0.73	0.61
Total Other Income Expense Net	-0.22	-0.49	-0.2	0.01	-0.23	0.05	-0.01	-0.06	-0.25	-0.17	0.43		0.5	0.15	0.19	-0.04	0.05	-0.03	0.62	-0.25	0.0	0.17	-0.44	0.63	-0.21	0.21
Net Income	0.66	-0.15	0.58	0.85	0.56	0.87	0.85	0.83	0.53	0.57	0.99	0.5		0.85	0.72	0.62	0.0	0.3	0.79	0.54	0.36	0.84	0.34	0.45	0.69	0.59
Income Tax Expense	0.75	-0.15	0.64	0.94	0.6	0.95	0.93	0.91	0.55	0.71	0.91	0.15	0.85		0.81	0.63	0.0	0.18	0.72	0.77	0.45	0.9	0.59	0.29	0.8	0.61
Selling General Administrative	0.65	-0.19	0.7	0.8	0.66	0.79	0.76	0.75	0.62	0.79	0.76	0.19	0.72	0.81		0.76	-0.07	0.23	0.75	0.73	0.45	0.82	0.54	0.3	0.77	0.7
Research Development	0.79	0.35	0.94	0.74	0.94	0.71	0.73	0.76	0.93	0.92	0.64	-0.04	0.62	0.63	0.76		0.02	0.75	0.45	0.65	0.11	0.82	0.49	0.19	0.75	0.6
Minority Interest	0.01	0.19	0.03	-0.01	0.05	-0.05	-0.05	-0.04	0.05	0.05	0.0	0.05	0.0	0.0	-0.07	0.02		0.09	-0.07	0.15	-0.06	-0.07	0.37	-0.35	0.04	-0.02
Selling And Marketing Expenses	0.56	0.71	0.64	0.34	0.7	0.28	0.34	0.4	0.71	0.57	0.28	-0.03	0.3	0.18	0.23	0.75	0.09		0.02	0.26	-0.26	0.39	0.17	0.15	0.28	0.29
Net Income From Continuing Ops	0.24	-0.39	0.43	0.57	0.35	0.6	0.59	0.53	0.33	0.47	0.79	0.62	0.79	0.72	0.75	0.45	-0.07	0.02		0.37	0.39	0.75	0.09	0.37	0.39	0.35
Non Recurring	0.83	0.21	0.72	0.84	0.74	0.79	0.8	0.83	0.69	0.82	0.61	-0.25	0.54	0.77	0.73	0.65	0.15	0.26	0.37		0.26	0.71	0.84	-0.13	0.83	0.44
Non Operating Income Net Other	0.22	-0.3	0.21	0.43	0.15	0.46	0.45	0.41	0.13	0.21	0.39	0.0	0.36	0.45	0.45	0.11	-0.06	-0.26	0.39	0.26		0.24	0.4	-0.07	0.45	0.21
Tax Provision	0.73	0.0	0.81	0.88	0.77	0.88	0.89	0.88	0.75	0.83	0.87	0.17	0.84	0.9	0.82	0.82	-0.07	0.39	0.75	0.71	0.24		0.46	0.29	0.78	0.58
Interest Income	0.76	0.26	0.58	0.7	0.59	0.66	0.66	0.69	0.56	0.62	0.4	-0.44	0.34	0.59	0.54	0.49	0.37	0.17	0.09	0.84	0.4	0.46		-0.34	0.8	0.42
Net Interest Income	0.11	-0.52	-0.1	0.22	-0.09	0.27	0.14	0.14	-0.13	0.03	0.43	0.63	0.45	0.29	0.3	0.19	-0.35	0.15	0.37	-0.13	-0.07	0.29	-0.34		0.06	0.66
Reconciled Depreciation	0.89	0.06	0.79	0.92	0.78	0.92	0.9	0.92	0.75	0.8	0.73	-0.21	0.69	0.8	0.77	0.75	0.04	0.28	0.39	0.83	0.45	0.78	0.8	0.06		0.66
Extraordinary Items	0.61	-0.3	0.38	0.64	0.38	0.66	0.53	0.56	0.34	0.48	0.61	0.21	0.59	0.61	0.7	0.6	-0.02	0.29	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)
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
Operating Income	787M	820M	1.4B	1.7B	1.8B	1.9B
Ebit	787M	820M	1.4B	1.7B	1.5B	1.6B
Ebitda	1.2B	1.3B	2.0B	2.3B	2.1B	2.2B
Cost Of Revenue	5.6B	5.4B	6.3B	7.1B	7.0B	4.3B
Net Income	405M	(385M)	995M	1.2B	1.2B	1.3B
Income Tax Expense	186M	129M	319M	373M	401M	421.1M
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)

Owens Corning Investors Sentiment

The influence of Owens Corning's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Owens. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Owens Corning's public news can be used to forecast risks associated with an investment in Owens. The trend in average sentiment can be used to explain how an investor holding Owens can time the market purely based on public headlines and social activities around Owens Corning. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Owens Corning's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Owens Corning's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Owens Corning's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Owens Corning.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Owens Corning in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Owens Corning's short interest history, or implied volatility extrapolated from Owens Corning options trading.

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When determining whether Owens Corning offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Corning's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Corning Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Corning Stock:

How To Invest In Owens

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Is Owens Stock a good investment?

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What is Owens Corning's Net Worth?

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Check out Owens Corning Valuation and Owens Corning Correlation analysis.

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

Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Owens Stock analysis

When running Owens Corning's price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.

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Is Owens Corning's industry 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

0.114

Dividend Share

2.16

Earnings Share

13.13

Revenue Per Share

107.403

Quarterly Revenue Growth

0.008

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 Income Statement Research

Owens Corning income statement Correlations

Owens Corning Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Owens Corning income statement Accounts

Owens Corning Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Owens Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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
Ebitda	+ 0.99	Gross Profit
Ebitda	+ 0.99	Ebit

Net Interest Income	- 0.52	Interest Expense
Total Other Income Expense Net	- 0.49	Interest Expense
Interest Income	- 0.44	Total Other Income Expense Net
Net Income From Continuing Ops	- 0.39	Interest Expense
Net Interest Income	- 0.35	Minority Interest
Net Interest Income	- 0.34	Interest Income