Owens Corning Inc (OC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 647,000 | 1,196,000 | 1,241,000 | 995,000 | -383,000 |
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Net profit margin | 5.94% | 12.46% | 12.90% | 11.90% | -5.53% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $647,000K ÷ $10,886,000K
= 5.94%
Owens Corning Inc's net profit margin has experienced fluctuations over the years. In December 31, 2020, the net profit margin was at a negative 5.53%, indicating that the company had incurred losses relative to its revenue. However, there has been a significant improvement in the following years. By December 31, 2021, the net profit margin had increased to 11.90%, showcasing a turnaround in profitability.
Subsequently, in December 31, 2022, the net profit margin further improved to 12.90%, indicating the company's ability to generate more profits from its operations. However, there was a slight decrease in profitability in December 31, 2023, where the net profit margin stood at 12.46%, although still at a relatively healthy level.
By December 31, 2024, the net profit margin declined to 5.94%, which may suggest a decrease in profitability compared to the previous year. Overall, while the company has shown fluctuations in its net profit margin over the years, there have been periods of significant improvement, demonstrating the company's ability to generate profits relative to its revenue.