Owens Corning Inc (OC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 647,000 | 1,036,000 | 1,052,000 | 1,112,000 | 1,196,000 | 1,189,000 | 1,322,000 | 1,320,000 | 1,241,000 | 1,344,000 | 1,134,000 | 1,089,000 | 995,000 | 1,000,000 | 946,000 | 744,000 | -383,000 | -542,000 | -598,000 | -556,000 |
| 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 |
| Net profit margin | 5.94% | 10.00% | 10.74% | 11.62% | 12.46% | 12.50% | 13.82% | 13.75% | 12.90% | 14.19% | 12.38% | 12.38% | 11.90% | 12.25% | 12.04% | 10.27% | -5.53% | -7.94% | -8.79% | -7.84% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $647,000K ÷ $10,886,000K
= 5.94%
Owens Corning Inc's net profit margin has shown fluctuations over the specified timeline. The company reported negative net profit margins in the first three quarters of 2020, indicating a period of losses. However, the trend improved in the following quarters of 2020 and into 2021, with the net profit margin turning positive and increasing steadily to reach double digits by March 31, 2021.
From the first quarter of 2021 through the third quarter of 2023, Owens Corning Inc consistently maintained a net profit margin above 10%, indicating efficient cost management and profitable operations. The highest net profit margin was achieved in the third quarter of 2022 at 14.19%.
In the latter half of 2023 and into 2024, there was a slight decline in the net profit margin, dropping from 13.82% in June 30, 2023, to 5.94% by December 31, 2024. This decline could be attributed to various factors such as changes in the operating environment, cost increases, or a decrease in revenue streams.
Overall, the trend in Owens Corning Inc's net profit margin reflects both periods of strong profitability and some instances of decline. It is essential for investors and stakeholders to closely monitor the company's financial performance and assess the factors driving these fluctuations in net profit margins.