Owens Corning Inc (OC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,196,000 | 1,241,000 | 995,000 | -383,000 | 405,000 |
| Revenue | US$ in thousands | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 | 7,160,000 |
| Net profit margin | 12.46% | 12.90% | 11.90% | -5.53% | 5.66% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,196,000K ÷ $9,599,000K
= 12.46%
Owens Corning's net profit margin has shown fluctuations over the past five years. In 2023, the net profit margin stood at 12.36%, slightly lower than the previous year's margin of 12.71%. This indicates that the company generated $0.1236 in net income for every dollar of revenue.
Comparing with 2021, there was an improvement in profitability as the net profit margin increased from 11.71% to 12.36% in 2023. This increase suggests better cost management or improved revenue generation efficiency.
In 2020, Owens Corning experienced a negative net profit margin of -5.43%, indicating that the company incurred losses during that period. However, the following year saw a significant turnaround with a positive net profit margin of 5.66%, reflecting improved profitability.
Overall, the trend in Owens Corning's net profit margin demonstrates fluctuations but also shows the company's ability to adapt and enhance its profitability over the past five years. It is important for investors and stakeholders to closely monitor these margins to assess the company's financial health and performance.