Owens Corning Inc (OC)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,597,000 | 1,583,000 | 1,720,000 | 1,716,000 | 1,614,000 | 1,753,000 | 1,523,000 | 1,456,000 | 1,314,000 | 1,260,000 | 1,168,000 | 908,000 | -254,000 | -396,000 | -447,000 | -385,000 | 591,000 | 691,000 | 708,000 | 681,000 |
| Revenue (ttm) | US$ in thousands | 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 | 7,160,000 | 7,192,000 | 7,127,000 | 7,033,000 |
| Pretax margin | 16.64% | 16.64% | 17.98% | 17.87% | 16.78% | 18.51% | 16.63% | 16.55% | 15.71% | 15.43% | 14.87% | 12.54% | -3.67% | -5.80% | -6.57% | -5.43% | 8.25% | 9.61% | 9.93% | 9.68% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,597,000K ÷ $9,599,000K
= 16.64%
Owens Corning's pretax margin for the past eight quarters has demonstrated some variability, ranging from a low of 16.34% in Q3 2022 to a high of 18.27% in Q3 2022. Overall, the pretax margins have generally been relatively stable, with slight fluctuations quarter to quarter. The company appears to have maintained a healthy level of profitability, with most quarters showing pretax margins above 16%. However, the downward trend in margins seen in Q3 and Q4 2023 compared to the previous quarters could indicate potential challenges in controlling costs or maximizing revenue. It would be important to further investigate the factors driving these margin fluctuations to assess the company's financial performance and sustainability.