OC
IndustrialsOwens Corning · Construction · $9B
What is Owens Corning?
Owens Corning is a large-cap industrials company headquartered in Toledo, Ohio, producing insulation, roofing shingles, and fiberglass composite materials for markets across North America, Europe, and the Asia Pacific.
Owens Corning generates revenue through three segments: Composites, Insulation, and Roofing. The Composites segment supplies glass fiber reinforcements used in wind-energy turbine blades, pipes, and construction structures. The Insulation segment sells thermal and acoustical products to contractors, home centers, and distributors under well-known brand names. The Roofing segment manufactures asphalt shingles sold to residential and commercial markets. Together, these segments serve the building, construction, and renewable energy industries.
The company was incorporated in its current public form in 2006 and is based in Toledo, Ohio.
- Fiberglass composite reinforcements for construction and wind energy
- Residential and commercial insulation products under branded names
- Asphalt roofing shingles for residential and commercial use
- Cellular and foam insulation for industrial applications
- Glass fiber pipe insulation and flexible duct media
Is OC a Good Stock to Buy?
UQS Score rates OC as Below Average overall, reflecting broad weakness across most of its five scoring pillars.
The one area where OC stands out relative to its pillar profile is Valuation, which is rated Attractive — suggesting the stock may be priced below what the underlying business fundamentals would typically command.
Quality, Moat, Growth, and Risk are all rated Weak, indicating the business faces meaningful headwinds in profitability durability, competitive positioning, expansion trajectory, and balance-sheet or operational risk.
Pro members can see the exact pillar breakdown and the full financial metrics behind each rating — sign up to access the complete OC analysis. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does OC pay dividends?
Yes — Owens Corning pays a dividend.
Owens Corning pays a regular dividend, which is relatively uncommon among industrials companies with a Weak Quality and Growth profile. The dividend reflects the company's established cash generation from its mature roofing and insulation businesses. Investors should weigh the income component against the broader risk profile before relying on dividend continuity.
When does OC report earnings?
Owens Corning reports earnings on a quarterly cadence, consistent with standard practice for US-listed large-cap equities.
Given the Weak ratings across Quality, Growth, and Risk pillars, recent earnings cycles have likely reflected pressure on margins and volume in its core construction-linked end markets. Cyclical demand in roofing and insulation tends to track housing activity closely.
For the most recent quarter's results and guidance, visit Owens Corning's investor relations page directly.
OC Price History
+25.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Owens Corning?
Based on Owens Corning's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
OC Long-term Outlook
The combination of a Weak Growth pillar and a Weak Risk pillar suggests a cautious fundamental outlook for OC in the near to medium term. Demand for roofing and insulation products is closely tied to housing starts and renovation activity, both of which face headwinds from elevated interest rates. The Attractive Valuation pillar indicates the market may already be pricing in these concerns, leaving room for recovery if end-market conditions improve.
Growth drivers
- Renovation and re-roofing demand driven by aging US housing stock
- Expanding use of fiberglass composites in wind-energy infrastructure
- Insulation demand supported by energy-efficiency building codes
Key risks
- Cyclical exposure to housing starts and construction spending
- Weak competitive moat in commodity-like building materials markets
- Balance-sheet and operational risks flagged by the Weak Risk pillar
OC vs Peers
Owens Corning competes in the broader building products and construction materials space alongside several large-cap and mid-cap peers.
Builders FirstSource focuses on distribution and manufactured components for homebuilders, giving it a different demand profile than OC's manufacturing-centric model.
Advanced Drainage Systems specializes in water management infrastructure products, competing with OC in the broader construction materials category but with a distinct product focus.
Armstrong World Industries concentrates on ceiling and wall systems for commercial interiors, overlapping with OC in the commercial construction channel but not in roofing or composites.
Frequently Asked Questions
What does Owens Corning do?
Owens Corning manufactures insulation, roofing shingles, and fiberglass composite materials. Its three business segments — Composites, Insulation, and Roofing — serve residential, commercial, industrial, and renewable energy markets across North America, Europe, and the Asia Pacific.
Does OC pay dividends?
Yes, Owens Corning pays a regular dividend. The dividend is supported by cash flows from its mature roofing and insulation businesses. Investors should review the current payout and coverage ratios on the company's investor relations page before making income-focused decisions.
When does OC report earnings?
Owens Corning reports on a quarterly cadence, in line with standard US-listed company practice. For specific upcoming report dates, check the company's investor relations page or a financial calendar service.
Is OC a good stock to buy?
UQS Score rates OC as Below Average, with Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is rated Attractive, which may interest contrarian investors. Whether that trade-off suits your portfolio depends on your risk tolerance and time horizon.
Is OC overvalued?
Based on the UQS Valuation pillar, OC is rated Attractive — meaning the stock appears to trade at a discount relative to its fundamentals. However, an attractive price does not eliminate the operational and competitive risks reflected in the other pillar ratings.
How does OC compare to its competitors?
Compared to peers like Builders FirstSource, Advanced Drainage Systems, and Armstrong World Industries, OC operates across a broader set of building material categories. Its UQS profile can be compared directly against these peers using the competitor table on this page.
What is OC's market cap bracket?
Owens Corning is classified as a large-cap company, placing it among the larger publicly traded building materials manufacturers in the industrials sector.
Who founded Owens Corning?
Owens Corning's roots trace back to a joint venture between Owens-Illinois and Corning Glass Works in 1938, which pioneered commercial fiberglass production. The company was reorganized and re-listed in its current public form in 2006 following a bankruptcy restructuring.
Is OC a long-term quality investment?
As a long-term quality indicator, OC's Below Average UQS Score — driven by Weak ratings in Quality, Moat, Growth, and Risk — suggests the business currently lacks the durable competitive advantages and financial consistency typically associated with high-conviction long-term holdings. The Attractive Valuation may partially offset this for patient investors.
What is the main competitive advantage of Owens Corning?
Owens Corning benefits from established brand recognition in insulation — particularly its iconic PINK FIBERGLAS brand — and scale across manufacturing and distribution. However, the UQS Moat pillar rates these advantages as Weak, suggesting they may not provide durable pricing power against competitors.
What sector does OC belong to?
Owens Corning is classified in the Industrials sector, specifically within building products and construction materials. Its revenue is closely tied to residential and commercial construction activity, making it sensitive to housing market cycles and interest rate trends.
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Pro Analysis
OC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 33.8 | 32.9 | 21.0 | 25.2 | 14.0 | 87.9 | -0.3 |
| May 19, 2026 | 34.1 | 33.7 | 21.0 | 25.2 | 14.0 | 88.7 | -3.6 |
| May 10, 2026 | 37.7 | 22.7 | 21.0 | 25.0 | 46.4 | 98.5 | +0.6 |
| May 8, 2026 | 37.1 | 22.7 | 21.0 | 22.7 | 46.4 | 97.9 | +2.4 |
| May 3, 2026 | 34.7 | 31.8 | 21.0 | 27.0 | 15.8 | 91.4 | +0.1 |
| May 1, 2026 | 34.6 | 31.8 | 21.0 | 27.0 | 15.8 | 90.7 | 0.0 |
| Apr 26, 2026 | 34.6 | 31.8 | 21.0 | 27.0 | 15.8 | 90.6 | 0.0 |
| Apr 25, 2026 | 34.6 | 31.8 | 21.0 | 27.0 | 15.8 | 91.2 | -0.1 |
| Apr 20, 2026 | 34.7 | 31.8 | 21.0 | 27.0 | 15.8 | 91.3 | 0.0 |
| Apr 19, 2026 | 34.7 | 31.8 | 21.0 | 27.0 | 15.8 | 91.5 | -0.2 |
OC — Pillar Breakdown
Quality
— 32.8/100 (25%)Owens Corning currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 25.2/100 (20%)Owens Corning faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 14.0/100 (15%)Owens Corning presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 87.7/100 (15%)Owens Corning appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)Owens Corning operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OC.
Score Composition
Financial Data
More Stock Analysis
How is the OC UQS Score Calculated?
The UQS (Unified Quality Score) for Owens Corning is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Owens Corning's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Owens Corning is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.