Owens Corning Inc (OC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 922,000 | 1,597,000 | 1,614,000 | 1,314,000 | -254,000 |
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Pretax margin | 8.47% | 16.64% | 16.78% | 15.71% | -3.67% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $922,000K ÷ $10,886,000K
= 8.47%
Owens Corning Inc's pretax margin has shown significant variability over the past five years. The company experienced a negative pretax margin of -3.67% at the end of 2020, indicating that its operating expenses exceeded its revenues before accounting for taxes. However, there has been a positive trend since then, with the pretax margin increasing to 15.71% in 2021, 16.78% in 2022, and 16.64% in 2023.
It is worth noting that there was a slight dip in the pretax margin in 2024, dropping to 8.47%. This decrease may suggest potential challenges or factors impacting the company's profitability during that period. Overall, despite the fluctuations, the company has shown improvement in its pretax margin over the years, which indicates better operational efficiency and profitability. Further analysis and comparison with industry peers may provide additional insights into Owens Corning Inc's financial performance.