Owens Corning (OC) Balance Sheet

NYSE: OCAssets, liabilities, debt and equity over 10 years.

OC balance sheet, 2025

December 31, 2025 · U.S. dollars

$12.98B assets = $9.09B liabilities + $3.89B equity

Both columns are drawn to the same scale: what OC owns equals what it owes plus shareholders’ equity. Hover a block for its value.

OC financial health

Current ratio1.26

Adequate · current assets cover current liabilities 1.26×

Debt / equity1.60

High leverage · $1.60 of debt for each $1 of equity

Equity / assets29.7%

Balanced · of assets funded by shareholders

Cash / debt5.7%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles32.5%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

OC balance sheet trends, 2016–2025

Owens Corning balance sheet trends
Metric	Then	Latest	Change
Total assets	$7.74B2016	$12.98B2025	+5.9%/yr
Total liabilities	$3.85B2016	$9.09B2025	+10.0%/yr
Shareholders’ equity	$3.85B2016	$3.85B2025	+0.0%/yr
Cash & short-term investments	$112.0M2016	$353.0M2025	+13.6%/yr
Total debt	$2.10B2016	$6.16B2025	+12.7%/yr
Net cash (debt)	−$1.99B2016	−$5.80B2025	−$3.8B
Working capital	$623.0M2016	$685.0M2025	+$62.0M
Book value per share	$33.352016	$46.172025	+3.7%/yr
Current ratio	1.652016	1.262025	−0.39
Debt / equity	0.552016	1.602025	+1.05
Shares outstanding	115.4M2016	83.4M2025	−3.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

OC assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

OC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

OC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

OC balance sheet

Owens Corning annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$353.0M	$361.0M	$1.61B	$1.10B	$959.0M	$717.0M	$172.0M	$78.0M	$246.0M	$112.0M
Cash & equivalents	$353.0M	$361.0M	$1.61B	$1.10B	$959.0M	$717.0M	$172.0M	$78.0M	$246.0M	$112.0M
Short-term investments	—	—	—	—	$11.0M	—	—	—	$7.0M	$6.0M
Receivables	$937.0M	$1.24B	$987.0M	$961.0M	$939.0M	$919.0M	$770.0M	$794.0M	$806.0M	$678.0M
Inventory	$1.47B	$1.59B	$1.20B	$1.33B	$1.08B	$855.0M	$1.03B	$1.07B	$841.0M	$710.0M
Other current assets	$583.0M	$186.0M	$117.0M	$162.0M	$121.0M	$115.0M	$86.0M	$76.0M	$92.0M	$86.0M
Total current assets	$3.35B	$3.38B	$3.92B	$3.56B	$3.10B	$2.61B	$2.06B	$2.02B	$1.99B	$1.59B
Property, plant & equipment (net)	$4.68B	$4.58B	$4.06B	$3.93B	$4.03B	$3.96B	$4.06B	$3.81B	$3.42B	$3.11B
Goodwill & intangible assets	$4.21B	$5.53B	$2.92B	$2.98B	$2.61B	$2.66B	$3.65B	$3.73B	$2.87B	$2.47B
Long-term investments	$0	$0	$0	$0	$0	$0	$51.0M	$51.0M	$52.0M	$50.0M
Other non-current assets	$744.0M	$588.0M	$337.0M	$278.0M	$280.0M	$256.0M	$183.0M	$161.0M	$303.0M	$519.0M
Total assets	$12.98B	$14.07B	$11.24B	$10.75B	$10.02B	$9.48B	$10.01B	$9.77B	$8.63B	$7.74B
Liabilities
Accounts payable	$1.26B	$1.43B	$1.22B	$1.34B	$1.09B	$875.0M	$815.0M	$851.0M	$834.0M	$615.0M
Short-term debt	$568.0M	$125.0M	$493.0M	$80.0M	$49.0M	$55.0M	$66.0M	$25.0M	$5.0M	$3.0M
Deferred revenue	—	—	$315.0M	$16.0M	—	$197.0M	$172.0M	−$25.0M	$10.0M	$11.0M
Total current liabilities	$2.66B	$2.30B	$2.32B	$2.10B	$1.70B	$1.44B	$1.33B	$1.28B	$1.28B	$963.0M
Long-term debt	$4.69B	$5.12B	$2.62B	$2.99B	$2.96B	$3.13B	$2.99B	$3.36B	$2.40B	$2.10B
Lease obligations	$533.0M	$462.0M	$227.0M	$204.0M	$158.0M	$154.0M	$138.0M	—	—	—
Other long-term liabilities	$1.74B	$1.54B	$1.09B	$1.03B	$1.02B	$974.0M	$1.02B	$807.0M	$741.0M	$790.0M
Total liabilities	$9.09B	$8.96B	$6.03B	$6.13B	$5.68B	$5.54B	$5.33B	$5.45B	$4.43B	$3.85B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$4.01B	$3.98B
Retained earnings (deficit)	$4.46B	−$691.0M	$4.79B	$3.79B	$2.71B	$1.83B	$2.32B	$2.01B	$1.57B	$1.38B
Treasury stock	—	—	—	−$2.68B	−$1.92B	−$1.40B	−$1.13B	−$1.10B	−$911.0M	−$803.0M
Accumulated other comprehensive income	−$437.0M	−$691.0M	−$503.0M	−$681.0M	−$581.0M	−$588.0M	−$610.0M	−$656.0M	−$514.0M	−$710.0M
Minority interest	$40.0M	$43.0M	$44.0M	$21.0M	$39.0M	$40.0M	$40.0M	$41.0M	$42.0M	$40.0M
Total shareholders' equity	$3.85B	$5.12B	$5.17B	$4.58B	$4.30B	$3.90B	$4.63B	$4.32B	$4.16B	$3.85B
Key figures
Total debt	$6.16B	$500.0M	$3.27B	$3.22B	$3.12B	$3.28B	$3.19B	$3.39B	$2.41B	$2.10B
Net cash (debt)	−$5.80B	−$139.0M	−$1.66B	−$2.12B	−$2.16B	−$2.56B	−$3.02B	−$3.31B	−$2.16B	−$1.99B
Working capital	$685.0M	$1.08B	$1.59B	$1.45B	$1.40B	$1.17B	$732.0M	$742.0M	$703.0M	$623.0M
Tangible book value	−$361.0M	−$411.0M	$2.25B	$1.59B	$1.69B	$1.25B	$978.0M	$596.0M	$1.29B	$1.38B
Book value per share	$46.17	$58.25	$56.77	$46.83	$41.19	$35.92	$42.06	$38.82	$36.77	$33.35
Shares outstanding	83.4M	87.9M	91.0M	97.7M	104.3M	108.6M	110.1M	111.4M	113.2M	115.4M
Current ratio	1.26	1.47	1.69	1.69	1.82	1.81	1.55	1.58	1.55	1.65
Quick ratio	0.48	0.70	1.12	0.98	1.12	1.14	0.71	0.68	0.82	0.82
Debt / equity	1.60	0.10	0.63	0.70	0.73	0.84	0.69	0.78	0.58	0.55
Equity / assets	29.7%	36.4%	46.0%	42.6%	42.9%	41.1%	46.3%	44.3%	48.2%	49.7%

Owens Corning quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$271.0M	$272.0M	$353.0M	$294.0M	$230.0M	$400.0M	$361.0M	$499.0M	$254.0M	$1.25B	$1.61B	$1.32B
Cash & equivalents	$271.0M	$272.0M	$353.0M	$294.0M	$230.0M	$400.0M	$361.0M	$499.0M	$254.0M	$1.25B	$1.61B	$1.32B
Receivables	$1.51B	$1.35B	$937.0M	$1.44B	$1.64B	$1.56B	$1.24B	$1.58B	$1.68B	$1.41B	$987.0M	$1.30B
Inventory	$1.46B	$1.49B	$1.47B	$1.42B	$1.46B	$1.41B	$1.59B	$1.60B	$1.58B	$1.21B	$1.20B	$1.23B
Other current assets	$208.0M	$606.0M	$583.0M	$570.0M	$583.0M	$560.0M	$186.0M	$191.0M	$209.0M	$120.0M	$117.0M	$94.0M
Total current assets	$3.44B	$3.72B	$3.35B	$3.73B	$3.92B	$3.92B	$3.38B	$3.86B	$3.72B	$3.98B	$3.92B	$3.95B
Property, plant & equipment (net)	$8.28B	$4.61B	$4.68B	$4.42B	$4.37B	$4.26B	$4.58B	$5.07B	$5.10B	$4.02B	$4.06B	$3.90B
Goodwill & intangible assets	$4.12B	$4.16B	$4.21B	$4.64B	$5.48B	$5.42B	$5.53B	$5.64B	$5.69B	$2.90B	$2.92B	$2.90B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$0	$600.0M	$744.0M	$729.0M	$720.0M	$656.0M	$588.0M	$487.0M	$487.0M	$376.0M	$337.0M	$312.0M
Total assets	$12.73B	$13.09B	$12.98B	$13.52B	$14.48B	$14.27B	$14.07B	$15.05B	$14.99B	$11.27B	$11.24B	$11.07B
Liabilities
Accounts payable	$1.35B	$1.27B	$1.26B	$1.32B	$1.25B	$1.29B	$1.43B	$1.40B	$1.40B	$1.18B	$1.22B	$1.16B
Short-term debt	$1.09B	$905.0M	$568.0M	$558.0M	$538.0M	$617.0M	$125.0M	$525.0M	$677.0M	$492.0M	$493.0M	$60.0M
Deferred revenue	—	—	—	—	—	—	—	—	—	—	$315.0M	—
Total current liabilities	$2.97B	$3.01B	$2.66B	$2.67B	$2.57B	$2.72B	$2.30B	$2.68B	$2.72B	$2.27B	$2.32B	$1.83B
Long-term debt	$3.92B	$4.42B	$4.69B	$4.68B	$5.08B	$5.04B	$5.12B	$5.03B	$5.02B	$2.65B	$2.62B	$3.00B
Lease obligations	$845.0M	$824.0M	$533.0M	$454.0M	$441.0M	$425.0M	$462.0M	$728.0M	$473.0M	$223.0M	$227.0M	$216.0M
Other long-term liabilities	$2.03B	$1.98B	$1.74B	$1.73B	$1.62B	$1.58B	$1.54B	$1.67B	$1.72B	$1.08B	$1.09B	$1.09B
Total liabilities	$8.92B	$9.41B	$9.09B	$9.08B	$9.28B	$9.34B	$8.96B	$9.38B	$9.47B	$6.00B	$6.03B	$5.92B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$4.46B	$4.29B	$4.46B	$4.82B	$5.38B	$5.07B	−$691.0M	$5.54B	$5.27B	$5.04B	$4.79B	$4.72B
Accumulated other comprehensive income	−$340.0M	−$472.0M	−$437.0M	−$455.0M	−$450.0M	−$618.0M	−$691.0M	−$531.0M	−$597.0M	−$539.0M	−$503.0M	−$703.0M
Minority interest	$39.0M	$39.0M	$40.0M	$39.0M	$41.0M	—	—	—	—	—	—	—
Total shareholders' equity	$3.77B	$3.64B	$3.85B	$4.40B	$5.16B	$4.88B	$5.08B	$5.62B	$5.47B	$5.23B	$5.17B	$5.11B
Key figures
Total debt	$5.73B	$6.02B	$6.16B	$5.61B	$5.98B	$6.00B	$500.0M	$5.96B	$6.08B	$3.30B	$3.27B	$3.22B
Net cash (debt)	−$5.46B	−$5.75B	−$5.80B	−$5.31B	−$5.75B	−$5.60B	−$139.0M	−$5.46B	−$5.83B	−$2.06B	−$1.66B	−$1.90B
Working capital	$474.0M	$711.0M	$685.0M	$1.06B	$1.34B	$1.20B	$1.08B	$1.18B	$997.0M	$1.71B	$1.59B	$2.12B
Tangible book value	−$346.0M	−$518.0M	−$361.0M	−$239.0M	−$315.0M	−$540.0M	−$454.0M	−$15.0M	−$217.0M	$2.33B	$2.25B	$2.20B
Book value per share	$46.80	$45.44	$48.04	$52.72	$60.39	$56.57	$57.76	$63.97	$62.18	$59.49	$57.72	$56.16
Shares outstanding	80.6M	80.2M	80.2M	83.4M	85.5M	86.3M	87.9M	87.9M	88.0M	87.9M	89.5M	90.9M
Current ratio	1.16	1.24	1.26	1.40	1.52	1.44	1.47	1.44	1.37	1.76	1.69	2.16
Quick ratio	0.60	0.54	0.48	0.65	0.73	0.72	0.70	0.77	0.71	1.17	1.12	1.44
Debt / equity	1.52	1.65	1.60	1.27	1.16	1.23	0.10	1.06	1.11	0.63	0.63	0.63
Equity / assets	29.6%	27.8%	29.7%	32.5%	35.6%	34.2%	36.1%	37.4%	36.5%	46.4%	46.0%	46.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.

OC financial position

At the end of fiscal 2025 (December 31, 2025), Owens Corning had total assets of $13.0 billion (down 7.8% from a year earlier), total liabilities of $9.1 billion and shareholders' equity of $3.9 billion. It held $353.0 million in cash and short-term investments against $6.2 billion of debt, net debt of $5.8 billion. Its current ratio was 1.26. In the latest quarter (ended June 30, 2026) total assets were $12.7 billion and equity $3.8 billion.

Related: OC income statement, OC cash flow statement, OC key metrics. See the OC stock overview for the latest quote and news.

OC balance sheet FAQ

What are Owens Corning's total assets?

Owens Corning reported total assets of $13.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $14.1 billion a year earlier.

How much debt does Owens Corning have?

Owens Corning had $6.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.60.

How much cash does Owens Corning have?

Owens Corning held $353.0 million in cash and short-term investments at the end of fiscal 2025; with $6.2 billion of debt that is net debt of $5.8 billion.

What is Owens Corning's book value?

Owens Corning's shareholders' equity (book value) was $3.9 billion at the end of fiscal 2025, or $46.17 per share.

What is Owens Corning's current ratio?

Owens Corning had current assets of $3.3 billion and current liabilities of $2.7 billion, a current ratio of 1.26 (it can cover its short-term obligations).

How much goodwill does Owens Corning have?

Owens Corning carried $4.2 billion of goodwill and intangible assets, 32.5% of total assets, at the end of fiscal 2025.