Owens Corning Inc (OC)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,683,000 | 2,638,000 | 2,604,000 | 2,586,000 | 2,616,000 | 2,605,000 | 2,508,000 | 2,392,000 | 2,217,000 | 2,142,000 | 2,023,000 | 1,748,000 | 1,610,000 | 1,509,000 | 1,493,000 | 1,590,000 | 1,609,000 | 1,637,000 | 1,624,000 | 1,602,000 |
| Revenue (ttm) | US$ in thousands | 9,599,000 | 9,515,000 | 9,565,000 | 9,603,000 | 9,618,000 | 9,473,000 | 9,157,000 | 8,795,000 | 8,364,000 | 8,166,000 | 7,857,000 | 7,243,000 | 6,929,000 | 6,822,000 | 6,801,000 | 7,094,000 | 7,160,000 | 7,192,000 | 7,127,000 | 7,033,000 |
| Gross profit margin | 27.95% | 27.72% | 27.22% | 26.93% | 27.20% | 27.50% | 27.39% | 27.20% | 26.51% | 26.23% | 25.75% | 24.13% | 23.24% | 22.12% | 21.95% | 22.41% | 22.47% | 22.76% | 22.79% | 22.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,683,000K ÷ $9,599,000K
= 27.95%
Owens Corning's gross profit margin has exhibited relatively stable performance over the past eight quarters. The margin, which represents the percentage of revenue remaining after subtracting the cost of goods sold, has ranged from 26.53% to 27.73%. Despite some fluctuations between quarters, the company has generally maintained a gross profit margin in the high 26% to low 27% range. This consistency suggests effective cost management and pricing strategies, contributing to the company's ability to generate profits from its core business operations. Overall, Owens Corning's gross profit margin appears to be reasonably healthy and has shown resilience over the analyzed period.