GLW · Corning Inc /Ny - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $15.63B | $13.12B | $12.59B | $14.19B | $14.08B | $11.30B |
| Cost of Revenue | $10.01B | $8.84B | $8.66B | $9.68B | $9.02B | $7.77B |
| Gross Profit | $5.62B | $4.28B | $3.93B | $4.51B | $5.06B | $3.53B |
| R&D | $800.00M | $800.00M | $900.00M | $900.00M | $800.00M | $1.00B |
| SG&A | $2.12B | $1.93B | $1.84B | $1.90B | $1.83B | $1.75B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.24B | $1.23B | $1.25B | $1.33B | $1.35B | $1.40B |
| Operating Income | $2.28B | $1.14B | $890.00M | $1.44B | $2.11B | $509.00M |
| Interest Expense | $336.00M | $329.00M | - | - | - | - |
| Income Tax | $310.00M | $221.00M | $168.00M | $411.00M | $491.00M | $111.00M |
| Net Income | $1.60B | $506.00M | $581.00M | $1.32B | $1.91B | $512.00M |
| EPS - Basic | $1.87 | $0.59 | $0.69 | $1.56 | $1.30 | $0.54 |
| EPS - Diluted | $1.83 | $0.58 | $0.68 | $1.54 | $1.28 | $0.54 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.53B | $1.78B | $1.78B | $1.67B | $2.15B | $2.67B |
| Accounts Receivable | $2.78B | $2.05B | $1.57B | $1.72B | $2.00B | $2.13B |
| Inventory | $3.08B | $2.72B | $2.67B | $2.90B | $2.48B | $2.44B |
| Accounts Payable | $1.98B | $1.47B | $1.47B | $1.80B | $1.61B | $1.17B |
| Current Assets | $8.94B | $7.99B | $7.21B | $7.45B | $7.66B | $8.00B |
| Total Assets | $30.98B | $27.73B | $28.50B | $29.50B | $30.15B | $30.77B |
| Current Liabilities | $5.63B | $4.92B | $4.32B | $5.17B | $4.81B | $3.77B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $18.67B | $16.66B | $16.63B | $17.22B | $17.61B | $17.33B |
| Stockholders' Equity | $11.81B | $10.69B | $11.55B | $12.01B | $12.33B | $13.26B |
| Retained Earnings | $16.55B | $15.93B | $16.39B | $16.78B | $16.39B | $16.12B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.69B | $1.94B | $2.00B | $2.62B | $3.41B | $2.18B |
| Investing Cash Flow | ($1.24B) | ($744.00M) | ($1.00B) | ($1.35B) | ($1.42B) | ($1.31B) |
| Financing Cash Flow | ($1.67B) | ($1.16B) | ($883.00M) | ($1.65B) | ($2.45B) | ($729.00M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.0% | 32.6% | 31.2% | 31.8% | 36.0% | 31.2% |
| Operating margin | 14.6% | 8.7% | 7.1% | 10.1% | 15.0% | 4.5% |
| EBITDA margin | 22.5% | 18.0% | 17.0% | 19.5% | 24.6% | 16.9% |
| Net margin | 10.2% | 3.9% | 4.6% | 9.3% | 13.5% | 4.5% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | 5.1% | 6.1% | 7.1% | 6.3% | 5.7% | 8.8% |
| SG&A / Revenue | 13.6% | 14.7% | 14.6% | 13.4% | 13.0% | 15.5% |
| Effective tax rate | 16.3% | 30.4% | 22.4% | 23.8% | 20.5% | 17.8% |
| Return on assets | 5.2% | 1.8% | 2.0% | 4.5% | 6.3% | 1.7% |
| Return on equity | 13.5% | 4.7% | 5.0% | 11.0% | 15.5% | 3.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.59 | 1.62 | 1.67 | 1.44 | 1.59 | 2.12 |
| Quick ratio | 1.04 | 1.07 | 1.05 | 0.88 | 1.08 | 1.48 |
| Cash ratio | 0.27 | 0.36 | 0.41 | 0.32 | 0.45 | 0.71 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 6.8x | 3.4x | - | - | - | - |
| Equity multiplier | 2.62 | 2.60 | 2.47 | 2.46 | 2.44 | 2.32 |
| Liabilities / Assets | 0.60 | 0.60 | 0.58 | 0.58 | 0.58 | 0.56 |
| Efficiency | ||||||
| Asset turnover | 0.50 | 0.47 | 0.44 | 0.48 | 0.47 | 0.37 |
| Inventory turnover | 3.25 | 3.25 | 3.25 | 3.33 | 3.64 | 3.19 |
| Days sales outstanding | 65d | 57d | 46d | 44d | 52d | 69d |
| Days inventory outstanding | 112d | 112d | 112d | 109d | 100d | 114d |
| Days payable outstanding | 72d | 61d | 62d | 68d | 65d | 55d |
| Cash conversion cycle | 105d | 109d | 96d | 86d | 87d | 128d |
| Valuation | ||||||
| P / E | 47.8x | 81.9x | 44.8x | 20.7x | 29.1x | 66.7x |
| P / B | 6.5x | 3.9x | 2.3x | 2.3x | 2.5x | 2.1x |
| P / S | 4.9x | 3.1x | 2.1x | 1.9x | 2.2x | 2.5x |
| EV / EBITDA | 21.3x | 16.7x | 11.4x | 9.3x | 8.5x | 13.2x |
| Growth | ||||||
| Revenue growth (YoY) | 19.1% | 4.2% | -11.3% | 0.8% | 24.6% | -1.7% |
| Revenue CAGR (3y) | 3.3% | -2.3% | 3.7% | 7.2% | 14.5% | - |
| Revenue CAGR (5y) | 6.7% | 2.7% | 6.0% | - | - | - |
| Gross profit growth (YoY) | 31.5% | 8.8% | -12.8% | -11.0% | 43.4% | -12.5% |
| Operating income growth (YoY) | 100.8% | 27.5% | -38.1% | -31.9% | 314.9% | -61.0% |
| Net income growth (YoY) | 215.4% | -12.9% | -55.9% | -31.0% | 272.3% | -46.7% |
| EPS growth (YoY) | 215.5% | -14.7% | -55.8% | 20.3% | 137.0% | -49.5% |
| EPS CAGR (3y) | 5.9% | -23.2% | 8.0% | 12.9% | 4.2% | - |
| EPS CAGR (5y) | 27.6% | -11.5% | -9.7% | - | -16.9% | -11.6% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 10.5% | -7.5% | -3.8% | -2.6% | -7.0% | 2.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$15.63B totalOptical Communications$6.27B · 40.1%
Display Products$2.96B · 19.0%
Specialty Materials Products$2.19B · 14.0%
Automotive Products$1.78B · 11.4%
Life Science Products$959.00M · 6.1%
Polycrystalline Silicon Products$955.00M · 6.1%
Product And Service Other$505.00M · 3.2%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.53
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Drawing & Insulating of Nonferrous Wire
Comparing CORNING INC /NY against the 2 most active filers in the same SIC group.
Dividends
$1.12/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.2800 |
| Feb 27, 2026 | $0.2800 |
| Nov 14, 2025 | $0.2800 |
| Aug 29, 2025 | $0.2800 |
| May 30, 2025 | $0.2800 |
| Feb 28, 2025 | $0.2800 |
| Nov 15, 2024 | $0.2800 |
| Aug 30, 2024 | $0.2800 |
| May 31, 2024 | $0.2800 |
| Feb 28, 2024 | $0.2800 |
| Nov 16, 2023 | $0.2800 |
| Aug 30, 2023 | $0.2800 |
| May 30, 2023 | $0.2800 |
| Feb 27, 2023 | $0.2800 |
| Nov 17, 2022 | $0.2700 |
| Aug 30, 2022 | $0.2700 |
| May 27, 2022 | $0.2700 |
| Feb 25, 2022 | $0.2700 |
| Nov 10, 2021 | $0.2400 |
| Aug 30, 2021 | $0.2400 |
| May 27, 2021 | $0.2400 |
| Feb 25, 2021 | $0.2400 |
| Nov 12, 2020 | $0.2200 |
| Aug 27, 2020 | $0.2200 |