Owens Corning Inc (OC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,254,000 | 2,683,000 | 2,616,000 | 2,217,000 | 1,610,000 |
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Gross profit margin | 29.89% | 27.95% | 27.20% | 26.51% | 23.24% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,254,000K ÷ $10,886,000K
= 29.89%
Owens Corning Inc's gross profit margin has shown a positive trend over the past five years, increasing from 23.24% as of December 31, 2020, to 29.89% as of December 31, 2024. This upward trajectory indicates improved efficiency in managing production costs and generating revenue from sales. The company's ability to maintain and enhance its gross profit margin demonstrates effective pricing strategies, cost control measures, or potentially favorable shifts in product mix. Overall, the rising trend in gross profit margin signals improved profitability and operational performance for Owens Corning Inc over the analyzed period.