Owens Corning Inc (OC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,254,000 | 3,070,000 | 2,889,000 | 2,774,000 | 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 |
| Revenue (ttm) | US$ in thousands | 10,886,000 | 10,361,000 | 9,794,000 | 9,568,000 | 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 |
| Gross profit margin | 29.89% | 29.63% | 29.50% | 28.99% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,254,000K ÷ $10,886,000K
= 29.89%
Owens Corning Inc has shown an improvement in its gross profit margin over the period from March 31, 2020, to December 31, 2024. The gross profit margin has increased steadily from 22.41% in March 2020 to 29.89% in December 2024, reflecting an upward trend in the company's ability to generate profits from its core business activities.
The company's gross profit margin experienced fluctuations throughout the analyzed period, with some quarters showing more significant improvements than others. In particular, there were notable increases in the gross profit margin for the periods ending March 31, 2021 (24.13%), June 30, 2021 (25.75%), and March 31, 2024 (28.99%). These spikes indicate successful cost management and revenue generation strategies during those specific quarters.
Overall, Owens Corning Inc has demonstrated an ability to enhance its profitability by effectively controlling its production costs and optimizing its pricing strategies. The consistent improvement in the gross profit margin is a positive indicator of the company's operational efficiency and financial performance over the years covered in the analysis.