NCS on NYSE

NCI Building Systems

U.S. manufacturing company

Cornerstone Building Brands, Inc. was formed when NCI Building Systems, Inc. merged with Ply Gem Parent, LLC in November 2018; the company is headquartered in Cary, North Carolina. Cornerstone Building Brands is the largest manufacturer of exterior building products in North America servicing the commercial, residential and repair & remodel markets. Prior to the merger, NCI Building Systems Inc. was one of the largest manufacturers of metal products for the non-residential construction industry in North America.3 Its shares trade on NYSE under the symbol NCS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$5.4BRevenue, fiscal 20254
-$703.0MNet income, fiscal 20254
1984Founded1

Compare with another stock.

  • TickerNCS on NYSE1
  • IndustryPrefabricated Metal Buildings & Components1
  • HeadquartersCary1
  • Websitewww.cornerstonebuildingbrands.com
  • Incorporated inDE5
  • Business address5020 Weston Parkway, Suite 400, Cary, Nc 275135
  • Filer categoryNon-accelerated filer5

Cornerstone Building Brands, Inc. was formed when NCI Building Systems, Inc. merged with Ply Gem Parent, LLC in November 2018; the company is headquartered in Cary, North Carolina. Cornerstone Building Brands is the largest manufacturer of exterior building products in North America servicing the commercial, residential and repair & remodel markets.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.0%Gross margin4
-7.8%Operating margin4
-13.0%Net margin4
2.1%Revenue growth, 20254
-$180.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue78¢$4.4B
  • Selling, general and admin19¢$1.1B
  • Income tax3¢$161.1M

Out of $5.4B in revenue.4 The company lost money this year.

Financial statements

Revenue789104$5.4B in 2025+170% since 2018
0$2.0B$4.0B$6.0B2018: $2.0B$2.0B20182019: $4.9B$4.9B2019+144%2020: $4.6B$4.6B2020−6%2021: $5.6B$5.6B2021+21%2023: $5.4B$5.4B2023−3%2024: $5.3B$5.3B2024−2%2025: $5.4B$5.4B2025+2%
Gross profit789104$1.0B in 2025+122% since 2018
0$500.0M$1.0B$1.5B2018: $462.7M$462.7M20182019: $1.1B$1.1B2019+135%2020: $1.1B$1.1B2020−4%2021: $1.2B$1.2B2021+14%2023: $1.2B$1.2B2023+0%2024: $1.1B$1.1B2024−9%2025: $1.0B$1.0B2025−6%
Operating income789104-$423.7M in 2025
-$1.0B-$500.0M0$500.0M$1.0B$1.5B2018: $125.9M$125.9M20182019: $214.7M$214.7M2019+71%2020: -$266.5M-$266.5M20202021: $1.1B$1.1B20212023: $240.2M$240.2M2023−79%2024: -$852.8M-$852.8M20242025: -$423.7M-$423.7M2025−50%
Net income789104-$703.0M in 2025
-$1.5B-$1.0B-$500.0M0$500.0M$1.0B2018: $63.1M$63.1M20182019: -$15.4M-$15.4M20192020: -$482.8M-$482.8M2020+3037%2021: $665.9M$665.9M20212023: -$75.5M-$75.5M20232024: -$1.2B-$1.2B2024+1475%2025: -$703.0M-$703.0M2025−41%
Fiscal year20182019202020212022202320242025
Revenue$2.0B7$4.9B8$4.6B9$5.6B10$5.4B4$5.3B4$5.4B4
Cost of revenue$1.5B7$3.8B8$3.6B9$4.4B10$4.2B4$4.2B4$4.4B4
Gross profit$462.7M7$1.1B8$1.1B9$1.2B10$1.2B4$1.1B4$1.0B4
Selling, general and admin$307.1M7$627.9M8$813.7M9$893.1M10$954.7M4$1.0B4$1.1B4
Operating income$125.9M7$214.7M8-$266.5M9$1.1B10$240.2M4-$852.8M4-$423.7M4
Interest$21.8M7$229.3M8$213.6M9$191.3M10$380.7M10
Income before tax$901.8M10-$118.9M4-$1.3B4-$864.0M4
Income tax$20.0M7$4.8M8$5.6M9$236.0M10-$43.4M4-$122.0M4-$161.1M4
Net income$63.1M7-$15.4M8-$482.8M9$665.9M10-$75.5M4-$1.2B4-$703.0M4
Earnings per share$0.957-$0.128-$3.849$5.2210
Earnings per share (diluted)$0.947-$0.128-$3.849$5.1910
Shares (weighted, basic)126.1M shares10
Shares (weighted, diluted)126.8M shares10

Compare NCI Building Systems with another company

Corporate structure

NCI Building Systems sits at the top of its group. 19 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NCI Building Systems

  • NCI Building Systems Cary
    • AWC Holding Company Subsidiary · Delaware, United States
    • Building Systems de Mexico, S.A. de C.V. Subsidiary · Mexico
    • Cornerstone Building Brands Canada, Inc. (f/k/a Gienow Canada, Inc.) Subsidiary · Ontario, Canada
    • Cornerstone Building Brands Services, Inc. Subsidiary · Delaware, United States
    • Cornerstone Latin American Services, S.R.L. Subsidiary · Costa Rica
    • Environmental Materials, LLC Subsidiary · Delaware, United States
    • M.A.C. Métal Architectural Inc. Subsidiary · Quebec, Canada
    • Mastic Home Exteriors, Inc. Subsidiary · Ohio, United States
    • Metal Sales Manufacturing LLC Subsidiary · Kentucky, United States
    • Metal Sales Manufacturing Transportation, LLC Subsidiary · Indiana, United States
    • Mitten Inc. Subsidiary · Ontario, Canada
    • Mueller Supply Company, Inc. Subsidiary · Texas, United States
    • MW Manufacturers Inc. Subsidiary · Delaware, United States
    • MWM Holding, Inc. Subsidiary · Delaware, United States
    • NCI Group, Inc. Subsidiary · Nevada, United States
    • Ply Gem Industries, Inc. Subsidiary · Delaware, United States
    • Robertson-Ceco II Corporation Subsidiary · Delaware, United States
    • Variform, Inc. Subsidiary · Missouri, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NCI Building Systems reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$189.4M4 Dec 31, 2025$254.9M4 Dec 31, 2024−25.7%
Property and equipment, before depreciation$1.6B4 Dec 31, 2025$1.3B4 Dec 31, 2024+17.9%
Accumulated depreciation$716.9M4 Dec 31, 2025$473.0M4 Dec 31, 2024+51.5%
Property and equipment, net$1.1B4 Dec 31, 2025$1.1B4 Dec 31, 2024−6.1%
Operating-lease assets (leased space)$458.7M4 Dec 31, 2025$506.8M4 Dec 31, 2024−9.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$135.5M4 Dec 31, 2025$159.5M4 Dec 31, 2024−15.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$739.4M4 Dec 31, 2025$1.1B4 Dec 31, 2024−33.1%
Intangible assets, net (excluding goodwill)$2.2B4 Dec 31, 2025$2.4B4 Dec 31, 2024−7.5%
Finite-lived intangibles, gross$2.9B4 Dec 31, 2025$2.8B4 Dec 31, 2024+0.7%
Accumulated amortization$650.7M4 Dec 31, 2025$452.7M4 Dec 31, 2024+43.7%
Finite-lived intangibles, net$2.2B4 Dec 31, 2025$2.4B4 Dec 31, 2024−7.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$745.5M4 Dec 31, 2025$610.2M4 Dec 31, 2024+22.2%
Raw materials$512.4M4 Dec 31, 2025$402.3M4 Dec 31, 2024+27.4%
Finished goods$233.1M4 Dec 31, 2025$207.9M4 Dec 31, 2024+12.1%

Properties, in its own words

Our principal executive office is located in Cary, North Carolina. The following table provides additional information by reportable segment and geography with respect to our principal properties as of December 31, 2025:

Manufacturing Facilities · Distribution and Warehouse Facilities

The rest of Item 2

Owned · Leased · Total · Owned · Leased · Total

Windows & Doors · 7 · 30 · 37 · — · 24 · 24

Siding & Accessories · 8 · 7 · 15 · — · 35 · 35

Metal Solutions · 44 · 17 · 61 · 44 · 13 · 57

Total · 59 · 54 · 113 · 44 · 72 · 116

U.S. · 55 · 51 · 106 · 44 · 53 · 97

Canada · 3 · 3 · 6 · — · 19 · 19

Mexico · 1 · — · 1 · — · — · —

Total · 59 · 54 · 113 · 44 · 72 · 116

Item 2 of the 10-K filed Mar 12, 2026.17

Leadership

Who has led NCI Building Systems, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AWC Holding Company Delaware6
  • Building Systems de Mexico, S.A. de C.V. Mexico6
  • Cornerstone Building Brands Canada, Inc. (f/k/a Gienow Canada, Inc.) Ontario, Canada6
  • Cornerstone Building Brands Services, Inc. Delaware6
  • Cornerstone Latin American Services, S.R.L. Costa Rica6
  • Environmental Materials, LLC Delaware6
  • M.A.C. Métal Architectural Inc. Quebec, Canada6
  • MW Manufacturers Inc. Delaware6
  • MWM Holding, Inc. Delaware6
  • Mastic Home Exteriors, Inc. Ohio6
  • Metal Sales Manufacturing LLC Kentucky6
  • Metal Sales Manufacturing Transportation, LLC Indiana6
  • Mitten Inc. Ontario, Canada6
  • Mueller Supply Company, Inc. Texas6
  • NCI Group, Inc. Nevada6
  • Ply Gem Industries, Inc. Delaware6
  • Robertson-Ceco II Corporation Delaware6
  • Variform, Inc. Missouri6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • NCI BUILDING SYSTEMS INCFeb 14, 1994 to May 14, 20195

Timeline

  1. Sep 9, 20268-K Executive or director change; Other events80
  2. Aug 28, 20268-K Executive or director change; Shareholder vote81
  3. Jun 2, 20268-K Executive or director change; Shareholder vote82
  4. Mar 25, 20268-K Executive or director change83
  5. Mar 19, 20268-K Executive or director change; Shareholder vote84
  6. Jan 21, 20268-K Executive or director change85
  7. Jan 2, 20268-K Executive or director change86
  8. Sep 17, 20258-K Executive or director change87
  9. Jul 21, 20258-K Executive or director change; Other events88
  10. Jun 2, 20258-K Executive or director change; Shareholder vote89
  11. Apr 10, 20258-K Results of operations90
  12. Mar 21, 20258-K Executive or director change91
  13. Sep 7, 2021New chief executive Rose Lee becomes CEO18
  14. Nov 20, 2018New chief executive James S. Metcalf becomes CEO19
  15. Jul 5, 2017New chief executive Donald Riley becomes CEO20
  16. Jan 9, 2007New chief executive Norman C. Chambers becomes CEO21
  17. Dec 19, 2006New chief executive Mark W. Dobbins becomes CEO23
  18. Sep 29, 2006New chief executive A. R. Ginn Jr. becomes CEO22
  19. 1984Founded Founded1

Calendar

When it reported results

  1. Apr 10, 2025Reported quarterly or annual results90
  2. Oct 20, 2022Reported quarterly or annual results92
  3. Oct 20, 2022Reported quarterly or annual results93
  4. May 3, 2022Reported quarterly or annual results94
  5. Mar 1, 2022Reported quarterly or annual results95
  6. Nov 9, 2021Reported quarterly or annual results96

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

172 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 52 major events, 32 insider forms, 7 large holders, 60 other. The latest 20:

  1. Sep 9, 20268-K FROM 8-K EDGAR
  2. Aug 28, 20268-K EDGAR
  3. Aug 18, 202610-Q EDGAR
  4. Jun 2, 20268-K EDGAR
  5. May 15, 2026SD EDGAR
  6. May 8, 202610-Q EDGAR
  7. Mar 25, 20268-K EDGAR
  8. Mar 19, 20268-K EDGAR
  9. Mar 12, 202610-K EDGAR
  10. Jan 21, 20268-K EDGAR
  11. Jan 2, 20268-K EDGAR
  12. Nov 7, 202510-Q EDGAR
  13. Sep 17, 20258-K EDGAR
  14. Aug 5, 202510-Q EDGAR
  15. Jul 21, 20258-K EDGAR
  16. Jun 2, 20258-K EDGAR
  17. May 30, 2025SD EDGAR
  18. May 13, 202510-Q EDGAR
  19. Apr 10, 20258-K EDGAR
  20. Mar 21, 20258-K EDGAR

The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 24, 2021Buckley John LPres., Siding DivisionSale98,920$17.32$1.7MForm 4
Nov 22, 2021Buckley John LPres., Siding DivisionSale47,140$17.29$815.1KForm 4
Nov 11, 2021Theroux KatyExecutive VP, Chief HR OfficerSale67,057$17.06$1.1MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How NCI Building Systems is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCornerstone Building Brands, Inc.2
  • CIK0000883902
  • Employer ID (EIN)76-012770117
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)3448 Prefabricated Metal Buildings & Components2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address5020 Weston Parkway, Suite 400, Cary, NC 275132
  • Phone(888) 975-94362
  • Shares outstanding0 as of Jul 4, 202611
  • Public float$0 as of Jun 28, 20254
  • AuditorDeloitte & Touche LLP, Raleigh, North Carolina PCAOB ID 34; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 14, 19942
  • Filings1,663 in all: 4 (707), 8-K (300), 10-Q (91), SC 13G/A (60), 3 (56), 4/A (37), 11-K (27), SC 13G (26)2
    All 58 form types

    UPLOAD (26), 10-K (25), DEF 14A (25), S-8 POS (24), SC 13D/A (23), S-8 (21), 8-K/A (18), CORRESP (17), 424B3 (13), DEFA14A (13), SD (13), 425 (12), EFFECT (12), POS AM (12), SC TO-I/A (10), ARS (9), S-3 (7), PRER14A (6), S-3/A (6), 10-K405 (5), FWP (5), 10-Q/A (4), 5 (4), IRANNOTICE (4), PRE 14A (4), S-4/A (4), 10-K/A (3), SC 13D (3), SC 13E3/A (3), 10-K405/A (2), 424B1 (2), 8-A12B (2), DEFM14A (2), PREM14A (2), S-4 (2), SC TO-I (2), 10-QT (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B/A (1), CT ORDER (1), DEF 14C (1), DEFS14A (1), PRE 14C (1), PRES14A (1), REGDEX (1), RW (1), SC 13E3 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 18, 2026
    Proxy statement (DEF 14A) Apr 20, 2021
    Latest 8-K (8-K) Sep 9, 2026

Risk factors and legal proceedings

The risks NCI Building Systems names in Item 1A of its 10-K filed Mar 12, 2026: 28 risks under these headings, as written.17

  • Risks Related to Our Industry and Economic and Market Conditions
  • Our industry is highly sensitive to macroeconomic conditions. Negative economic events including, but not limited to, actual or perceived economic downturns, lower business and consumer confidence, high interest rates, inflation, and lower new construction starts and repair and remodeling activity may materially and adversely affect the outlook for our business, financial condition and results of operations.
  • Risks Related to Our Business
  • Inability to optimize operational efficiency could adversely affect our business, results of operation and financial condition.
  • Failure to meet customer expectations could adversely affect our business, results of operation and financial condition.
  • Failure to attract and retain executives and skilled employees could adversely affect our business, results of operation and financial condition.
  • Increases in labor costs, potential labor disputes, union organizing activity and work stoppages at our facilities or the facilities of our suppliers and changes in demographics or regulatory conditions could delay or impede our production, reduce sales of our products and increase our costs.
  • The industries in which we operate are highly competitive.
  • Price volatility and supply constraints for raw materials could prevent us from meeting delivery schedules to our customers or reduce our profit margins.
  • We rely on third-party suppliers for materials in addition to steel, PVC resin, aluminum and glass, and if we fail to identify and develop relationships with a sufficient number of qualified suppliers, or if there is a significant interruption in our supply chains, our business and results of operations could be adversely affected.
  • An inability to successfully develop new products or improve existing products could negatively impact our ability to attract new customers or retain existing customers, including our significant customers.
  • Our business may be adversely affected by weather conditions and other external factors beyond our control.
The other 18 risks
  • If we are unable to enforce our intellectual property rights, or if such intellectual property rights become obsolete, our competitive position could be adversely affected.
  • We could incur significant costs as a result of compliance with, violations of or liabilities under applicable environmental, health and safety laws.
  • Changes in building codes and standards could increase the cost of our products, lower the demand for our products, or otherwise adversely affect our business.
  • We face risks related to acquisitions and dispositions that could adversely affect our results of operations.
  • We risk liabilities and losses due to personal injury, property damage or product liability claims, which may not be covered by insurance.
  • Breaches of our information system security measures could disrupt our internal operations.
  • Damage to our computer infrastructure and software systems or the unsuccessful adoption or incorporation of new technology, such as artificial intelligence (“AI”), could harm our business.
  • Our enterprise resource planning technologies (“ERP Systems”) will require maintenance or replacement in order to allow us to continue to operate and manage critical aspects of our business.
  • We have identified material weaknesses in our internal control over financial reporting and, if our remediation of these material weaknesses is not effective, or if we fail to maintain an effective system of internal control over financial reporting in the future, we may not be able to accurately or timely report our results of operations.
  • We may be significantly affected by new or stricter regulatory standards on sustainability matters, and by global climate change.
  • We face risks related to our international operations.
  • Significant changes in factors and assumptions used to measure our defined benefit plan obligations, actual investment returns on pension assets and other factors could negatively impact our results of operations and cash flows.
  • Any impairment of our goodwill, intangible or other long-lived assets could negatively impact our results of operations and financial condition.
  • Risks Related to our Sole Stockholder
  • The interests of our controlling stockholder may differ from the interests of holders of our indebtedness.
  • Risks Related to our Indebtedness and Liquidity
  • We have substantial debt and may incur substantial additional debt, which could adversely affect our financial health, reduce our profitability, limit our ability to obtain financing in the future and pursue certain business opportunities and make payments on our indebtedness.
  • The Cash Flow Credit Agreement, the ABL Credit Agreement, the Side Car Term Loan Credit Agreement, and the indenture governing the terms of our 8.750% Senior Secured Notes (the “August 2028 Indenture”), the indenture governing the terms of our 6.125% Senior Notes (the “January 2029 Indenture”), and the indenture governing the terms of our and 9.500% Senior Secured Notes (the “August 2029 Indenture”) contain restrictions and limitations that could significantly impact our ability and the ability of most of our subsidiaries to engage in certain business and financial transactions.
  • An increase in interest rates would increase the cost of servicing our debt and could reduce our profitability, decrease our liquidity and impact our solvency.
  • We may have future capital needs and may not be able to obtain additional financing on acceptable terms or at all.

Legal proceedings

As a manufacturer of products primarily for use in residential and commercial building construction, we are inherently exposed to a variety of litigation and other proceedings incidental to its business, including lawsuits involving claims for damages arising out of its products, employment matters, commercial disputes, product liability and personal injury as well as regulatory investigations or enforcement. We insure against these risks to the extent deemed prudent by our management and to the extent insurance is available. Many of these insurance policies contain deductibles or self-insured retentions in amounts we deem prudent and for which we are responsible for payment. In determining the amount of self-insurance, it is our policy to self-insure those losses that are predictable, measurable, and recurring in nature. The Company regularly reviews the status of on-going proceedings and other contingent matters along with legal counsel. Liabilities for such items are recorded when it is probable that the liability has been incurred and when the amount of the liability can be reasonably estimated. Liabilities are adjusted when additional information becomes available. Based on current information, experience, and applicable law management believes that the ultimate disposition of these matters will not have a material adverse effect on the Company’s results of operations, financial position or cash flows. However, such matters are subject to many uncertainties and outcomes are not predictable with assurance.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99