Masco vs Owens Corning
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The short version
- Owens Corning is the larger business, with $10.1B of revenue in fiscal 2025 against $7.6B for Masco.
- Owens Corning grew revenue faster (2.6%, against −3.4%).
- Masco kept more of each dollar of sales as operating profit (16.5% operating margin, against 3.6%).
- Masco turned more of its sales into free cash flow (11.5% FCF margin, against 9.5%).
- Masco earned a higher return on the capital invested in it (40.4%, against 1.9%).
| Latest fiscal year | MAS · FY25 | OC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $15.5B | $9.2B |
| Revenue | $7.6B | $10.1B |
| Free cash flow | $866M | $962M |
| Net income | $810M | −$522M |
| Growth | ||
| Revenue growth | −3.4% | 2.6% |
| 5-year growth | 1.0% | 7.5% |
| Share count change | −4.1% | −4.3% |
| Profitability | ||
| Gross margin | 35.4% | 28.1% |
| Operating margin | 16.5% | 3.6% |
| Net margin | 10.7% | −5.2% |
| FCF margin | 11.5% | 9.5% |
| Return on capital | 40.4% | 1.9% |
| Return on equity | — | −11.7% |
| Balance sheet | ||
| Net debt | $2.3B | $4.8B |
| Net debt / EBITDA | 1.7x | 4.6x |
| Dividends and buybacks | $832M | $1.0B |
| Valuation & quality | ||
| P/E | 18.9x | — |
| Piotroski F-score | 7 | 4 |
Revenue
FY16
MAS $7.4B
OC $5.7B
FY17
MAS $6.0B
OC $6.4B
FY18
MAS $6.7B
OC $7.1B
FY19
MAS $6.7B
OC $7.2B
FY20
MAS $7.2B
OC $7.1B
FY21
MAS $8.4B
OC $8.5B
FY22
MAS $8.7B
OC $9.8B
FY23
MAS $8.0B
OC $8.4B
FY24
MAS $7.8B
OC $9.9B
FY25
MAS $7.6B
OC $10.1B
MAS
OC
Operating margin
FY16
MAS 14.8%
OC 12.3%
FY17
MAS 17.1%
OC 12.5%
FY18
MAS 16.2%
OC 11.4%
FY19
MAS 16.2%
OC 11.0%
FY20
MAS 18.0%
OC −2.0%
FY21
MAS 16.8%
OC 16.9%
FY22
MAS 14.9%
OC 17.6%
FY23
MAS 16.9%
OC 19.6%
FY24
MAS 17.4%
OC 15.0%
FY25
MAS 16.5%
OC 3.6%
MAS
OC
Free cash flow
FY16
MAS $609M
OC $570M
FY17
MAS $578M
OC $679M
FY18
MAS $813M
OC $266M
FY19
MAS $671M
OC $590M
FY20
MAS $839M
OC $828M
FY21
MAS $802M
OC $1.1B
FY22
MAS $616M
OC $1.3B
FY23
MAS $1.2B
OC $1.2B
FY24
MAS $907M
OC $1.2B
FY25
MAS $866M
OC $962M
MAS
OC
Return on capital
FY16
MAS 40.5%
OC 8.3%
FY17
MAS 36.9%
OC 6.8%
FY18
MAS 36.5%
OC 9.0%
FY19
MAS 35.8%
OC 7.1%
FY20
MAS 49.8%
OC −1.6%
FY21
MAS 48.4%
OC 16.8%
FY22
MAS 43.0%
OC 20.1%
FY23
MAS 42.7%
OC 18.2%
FY24
MAS 43.6%
OC 12.9%
FY25
MAS 40.4%
OC 1.9%
MAS
OC
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.