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Owens Corning cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$622M in Q3 2026 · $767M over twelve months

Operating cash flow$813M
Capital spending−$191M
Free cash flow+$622M
Cash conversion cycle54 days

Analysis

In Q3 2026, Owens Corning generated $813M of operating cash flow and spent $191M on capital projects, leaving free cash flow of $622M. That is $130M less than in Q3 2025 ($752M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.6B; the largest uses were capital spending ($880M), buybacks ($738M), net borrowing (+) / repaid (−) ($385M); besides operations, cash came from other investing ($456M), other financing ($2.0M); the cash balance fell by $164M.

Operating cash flow was $813M against net income of −$250M. The largest differences: impairments +$366M, depreciation & amortization +$173M, other non-cash +$27.0M.

Its cash conversion cycle was 54 days (receivables 50 + inventory 72 − payables 67).

Free cash flow

Owens Corning: free cash flow by quarterOwens Corning: free cash flow by quarter$479MQ4 2024−$252MQ1 2025$129MQ2 2025$752MQ3 2025$333MQ4 2025−$387MQ1 2026$199MQ2 2026$622MQ3 2026
Operating cash flow less capital spending.
Owens Corning: operating cash flow against capital spendingOwens Corning: operating cash flow against capital spendingOperating cash flowCapital spending$676M$197MQ4 2024−$49.0M$203MQ1 2025$327M$198MQ2 2025$918M$166MQ3 2025$590M$257MQ4 2025−$154M$233MQ1 2026$398M$199MQ2 2026$813M$191MQ3 2026
Latest (Q3 2026): Operating cash flow $813M, Capital spending $191M.

Capital allocation, year by year

Owens Corning: where the cash came from (up) and went (down), by fiscal yearOwens Corning: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.5BFY2021: Net borrowing −$216MFY2021: Capital spending −$416MFY2021: Acquisitions −$42.0MFY2021: Buybacks −$570MFY2021: Dividends −$108M$1.5BFY2021FY2022: Operating cash flow $1.8BFY2022: Net borrowing −$30.0MFY2022: Capital spending −$446MFY2022: Acquisitions −$417MFY2022: Buybacks −$795MFY2022: Dividends −$136M$1.8BFY2022FY2023: Operating cash flow $1.7BFY2023: Net borrowing −$33.0MFY2023: Capital spending −$526MFY2023: Acquisitions −$6.0MFY2023: Buybacks −$657MFY2023: Dividends −$188M$1.7BFY2023FY2024: Operating cash flow $1.9BFY2024: Net borrowing $1.1BFY2024: Capital spending −$647MFY2024: Acquisitions −$2.9BFY2024: Buybacks −$491MFY2024: Dividends −$208M$2.9BFY2024FY2025: Operating cash flow $1.8BFY2025: Net borrowing −$24.0MFY2025: Capital spending −$824MFY2025: Buybacks −$815MFY2025: Dividends −$232M$1.8BFY2025
Over these 5 years operating cash flow totalled $8.7B; the largest uses were buybacks ($3.3B) and acquisitions ($3.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$179M
Debt$4.9B
Net debt$4.7B
Due within a year$436M

Owens Corning funds itself: free cash flow was $767M over the last twelve months, and $179M of cash and investments stands against $4.9B of debt ($436M due within a year, 0.4× covered by cash).

Owens Corning: debt maturities by year (FY2025)Owens Corning: debt maturities by year (FY2025)$436MYear 1$532MYear 2$29.0MYear 3$469MYear 4$689MYear 5$3.1BAfter year 5
Principal due in each year as disclosed in the annual report, against $179M of cash and investments now.

Where the cash came from and went

Owens Corning: sources (+) and uses (−) of cash, Q3 2026Owens Corning: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$813MNet borrowing (+) / repaid (−)−$375MBuybacks−$276MCapital spending−$191MCash drawn (+) / kept (−)$92.0MDividends−$62.0MOther investing$18.0MExchange rates−$15.0MAsset & business sales−$6.0MOther financing$2.0M
Owens Corning: sources (+) and uses (−) of cash, TTM to Q3 2026Owens Corning: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.6BCapital spending−$880MBuybacks−$738MOther investing$456MNet borrowing (+) / repaid (−)−$385MDividends−$245MCash drawn (+) / kept (−)$164MExchange rates−$21.0MOther financing$2.0M

From profit to cash

Owens Corning: net income to operating cash flow, Q3 2026Owens Corning: net income to operating cash flow, Q3 2026Net income−$250MDepreciation & amortization$173MStock-based pay$14.0MDeferred taxes$3.0MImpairments$366MOther non-cash$27.0MOther operating capital−$10.0MOperating cash flow$813M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202650726754
Q2 202647686155
Q1 202645766557
Q4 202551817260
Q3 202553696160
Q2 202553696161
Q1 202548686551
Q4 202449746854

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$813M−$191M−$276M−$62.0M−$375M$92.0M$622M
Q2 2026$398M−$199M−$208M−$64.0M−$326M$14.0M$199M
Q1 2026−$154M−$233M−$22.0M−$63.0M$317M$114M−$387M
Q4 2025$590M−$257M−$232M−$56.0M−$1.0M−$56.0M$333M
Q3 2025$918M−$166M−$220M−$58.0M−$392M−$78.0M$752M
Q2 2025$327M−$198M−$227M−$59.0M−$92.0M$175M$129M
Q1 2025−$49.0M−$203M−$136M−$59.0M$461M−$79.0M−$252M
Q4 2024$676M−$197M−$103M−$52.0M−$412M$150M$479M

Owens Corning: income statement and cash flow

Owens Corning, Q3 2026: revenue $2.5B (-7% year over year), operating margin -6.1%. The chart follows the revenue to costs, profit and cash.

Owens Corning: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.