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Owens Corning OC Income Tax

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Other financials

Income statement

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Revenue$2.3B-10.5%
Gross profit$510.0M-29.7%
Operating income$120.0M-70.5%
Net income-$105.0M-12.9%
EPS (diluted)-$1.29-19.4%

Balance sheet

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Cash & equivalents$272.0M-32.0%
Total debt$5.6B-6.4%
Total equity$3.6B-25.4%
Total assets$13.1B-8.2%

Cash flow

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Operating cash flow-$154.0M-214%
CapEx$233.0M+14.8%
Free cash flow-$387.0M-53.6%

Valuation

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Market cap$10.32B-28.8%
Enterprise value$15.63B-21.2%
P/S1.1×-0.3×

Profitability

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Gross margin26.7%-3.6pp
Operating margin7.6%-9.6pp
Net margin-5.4%
FCF margin8.4%-2.4pp

Returns & leverage

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Return on equity-12.5%
Debt / equity1.5×+0.3×
Current ratio1.2×-0.2×

Where this comes from

Reported directly by Owens Corning in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Owens Corning’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Owens Corning's income tax?
Owens Corning (OC) reported income tax of $15M in Q1 2026.
How has Owens Corning's income tax changed year-over-year?
Owens Corning's income tax decreased by 83.0% year-over-year, from $88M to $15M.
What is the long-term trend for Owens Corning's income tax?
Over 4 years (2021 to 2025), Owens Corning's income tax has grown at a -1.5% compound annual growth rate (CAGR), from $319M to $300M.
What does income tax mean?
The total tax cost recognized on the income statement for the period.
How do you interpret income tax?
Changes often reflect shifts in profitability or changes in tax legislation rather than operational performance.
How does income tax compare across companies?
Highly dependent on the geographic footprint and tax jurisdictions where the company operates.