Owens Corning (OC) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Owens Corning Do?
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades applications in the building and construction, renewable energy, and infrastructure markets. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets for thermal and acoustical applications; and glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation products used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells aminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio. Owens Corning (OC) is classified as a mid-cap stock in the Materials sector, specifically within the Construction Materials industry. The company is led by CEO Brian D. Chambers and employs approximately 19,000 people, headquartered in Toledo, Ohio. With a market capitalization of $8.6B, OC is one of the notable companies in the Materials sector.
Owens Corning (OC) Stock Rating — Reduce (April 2026)
As of April 2026, Owens Corning receives a Reduce rating with a composite score of 43.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.OC ranks #3,100 out of 4,446 stocks in our coverage universe. Within the Materials sector, Owens Corning ranks #222 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
OC Stock Price and 52-Week Range
Owens Corning (OC) currently trades at $114.28. The stock lost $0.67 (0.6%) in the most recent trading session. The 52-week high for OC is $159.42, which means the stock is currently trading -28.3% from its annual peak. The 52-week low is $97.53, putting the stock 17.2% above its annual trough. Recent trading volume was 832K shares, suggesting relatively thin trading activity.
Is OC Overvalued or Undervalued? — Valuation Analysis
Owens Corning (OC) carries a value factor score of 46/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 88.02x, compared to the Materials sector average of 26.50x — a premium of 232%. The price-to-book ratio stands at 2.17x, versus the sector average of 2.83x. The price-to-sales ratio is 0.77x, compared to 0.74x for the average Materials stock. On an enterprise value basis, OC trades at 12.41x EV/EBITDA, versus 6.01x for the sector.
Overall, OC's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Owens Corning Profitability — ROE, Margins, and Quality Score
Owens Corning (OC) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 2.5%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.7% versus the sector average of 0.6%.
On a margin basis, Owens Corning reports gross margins of 29.5%, compared to 29.8% for the sector. The operating margin is 9.8% (sector: 6.0%). Net profit margin stands at 0.4%, versus 3.0% for the average Materials stock. Revenue growth is running at -3.8% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
OC Debt, Balance Sheet, and Financial Health
Owens Corning has a debt-to-equity ratio of 132.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.26x, suggesting adequate working capital coverage. Total debt on the balance sheet is $5.12B. Cash and equivalents stand at $286M.
OC has a beta of 1.18, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Owens Corning is 56/100, reflecting average volatility within the normal range for its sector.
Owens Corning Revenue and Earnings History — Quarterly Trend
In TTM 2026, Owens Corning reported revenue of $11.01B and earnings per share (EPS) of $-6.22. Net income for the quarter was $96M. Gross margin was 29.5%. Operating income came in at $1.09B.
In FY 2025, Owens Corning reported revenue of $10.10B and earnings per share (EPS) of $-6.22. Net income for the quarter was $-522M. Gross margin was 28.1%. Revenue grew -7.9% year-over-year compared to FY 2024. Operating income came in at $360M.
In Q3 2025, Owens Corning reported revenue of $2.68B and earnings per share (EPS) of $-5.92. Net income for the quarter was $-494M. Gross margin was 28.2%. Revenue grew -11.9% year-over-year compared to Q3 2024. Operating income came in at $-327M.
In Q2 2025, Owens Corning reported revenue of $2.75B and earnings per share (EPS) of $4.27. Net income for the quarter was $362M. Gross margin was 31.2%. Revenue grew -1.5% year-over-year compared to Q2 2024. Operating income came in at $505M.
Over the past 8 quarters, Owens Corning has demonstrated a growth trajectory, with revenue expanding from $2.79B to $11.01B. Investors analyzing OC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
OC Dividend Yield and Income Analysis
Owens Corning (OC) currently pays a dividend yield of 1.9%. At this yield, a $10,000 investment in OC stock would generate approximately $$190.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning OC offers above-average income for its sector.
OC Momentum and Technical Analysis Profile
Owens Corning (OC) has a momentum factor score of 29/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 54/100 reflects moderate short selling activity.
OC vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, Owens Corning (OC) ranks #222 out of 284 stocks based on the Blank Capital composite score. This places OC in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing OC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OC vs S&P 500 (SPY) comparison to assess how Owens Corning stacks up against the broader market across all factor dimensions.
OC Next Earnings Date
No upcoming earnings date has been announced for Owens Corning (OC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy OC? — Investment Thesis Summary
The quantitative profile for Owens Corning suggests caution. Momentum is weak at 29/100, a headwind for near-term performance.
In summary, Owens Corning (OC) earns a Reduce rating with a composite score of 43.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OC stock.
Related Resources for OC Investors
Explore more research and tools: OC vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OC head-to-head with peers: OC vs CF, OC vs NTR, OC vs UAN.