Owens Corning Generates $1.8B Cash Flow, $2.1B Q4 Sales with 17% Margin
Owens Corning generated $1.8 billion of operating cash flow in 2025, returned $1 billion to shareholders, and ended the year with debt/EBITDA at 2.1x and $1.8 billion liquidity. Q4 revenue was $2.1 billion with $362 million adjusted EBITDA (17% margin), and roofing sales fell 27% on record-low storm activity.
1. Financial Highlights
Owens Corning generated $1.8 billion of operating cash flow in 2025 and returned $1 billion to shareholders through dividends and share repurchases. The company ended the year with a 2.1x debt/EBITDA ratio, $1.8 billion of liquidity and a 12% return on capital, below its mid-teens target.
2. Quarterly Performance
In the fourth quarter revenue reached $2.1 billion with $362 million of adjusted EBITDA, a 17% margin, as weakening U.S. residential demand, distribution destocking and a record-low storm season drove roofing volumes down 27%.
3. Segment Breakdown
Roofing sales fell to $774 million in Q4 with a 26% segment margin, insulation revenue was $916 million with a 20% margin, and doors revenue totaled $486 million at a 7% margin, including a $13 million reduction from a sold facility and goodwill impairments in the segment.
4. Strategic Portfolio Actions
The company invested $824 million in capital projects focused on long-term efficiency and growth, completed divestitures of China and Korea building materials businesses, and expects its glass reinforcements sale to close soon while recording a $1.1 billion goodwill charge in Doors.