A Business at a Glance
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Consolidated Statements of Income Corning Incorporated and Subsidiary Companies Year ended December 31, (in millions, except per share amounts) Net sales Cost of sales Gross margin Operating expenses: Selling, general and administrative expenses Research, development and engineering expenses Amortization of purchased intangibles Operating income Interest income Interest expense Translated earnings contract gain, net (Note 13) Other income, net Income before income taxes Provision for income taxes (Note 6) Net income Net income attributable to non-controlling interest Net income attributable to Corning Incorporated Earnings per common share available to common shareholders: Basic (Note 15) Diluted (Note 15) Reconciliation of net income attributable to Corning Incorporated versus net income available to common shareholders: Net income attributable to Corning Incorporated Series A convertible preferred stock dividend Excess consideration paid for redemption of preferred stock (1) Net inco
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 15.6B | 15.6B | 13.1B | 12.6B | 14.2B | 14.1B |
| Net Income | 1.6B | 1.6B | 506M | 581M | 1.3B | 1.1B |
| EPS | $1.83 | $1.83 | $0.58 | $0.68 | $1.54 | $1.28 |
| Free Cash Flow | 1.4B | 1.4B | 974M | 615M | 1.0B | 1.8B |
| ROIC | 9.8% | 11.8% | 5.6% | 4.2% | 6.3% | 9.7% |
| Gross Margin | 36.0% | 36.0% | 32.6% | 31.2% | 31.8% | 36.0% |
| Debt/Equity | 0.78 | 0.78 | 0.71 | 0.68 | 0.56 | 0.58 |
| Dividends/Share | $1.15 | $1.12 | $1.12 | $1.12 | $1.08 | $0.96 |
| Operating Income | 2.3B | 2.3B | 1.1B | 890M | 1.4B | 2.1B |
| Operating Margin | 14.6% | 14.6% | 8.7% | 7.1% | 10.1% | 15.0% |
| ROE | 13.5% | 14.2% | 4.7% | 4.9% | 10.7% | 8.7% |
| Shares Outstanding | 872M | 872M | 872M | 854M | 855M | 843M |
CORNING INC /NY passes 3 of 9 quality checks, indicating weak fundamentals.
CORNING INC /NY trades at 95.7x trailing earnings, compared to its 15-year median P/E of 26.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 106.4x vs a median of 34.0x. The company's 5-year average ROIC is 7.6% with a gross margin of 33.5%. Total shareholder yield (dividends + buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +15.1%.
CORNING INC /NY (GLW) has a current P/E ratio of 95.7, compared to its historical median P/E of 26.0. The stock is currently considered Expensive based on its historical valuation range.
CORNING INC /NY (GLW) has a 5-year average return on invested capital (ROIC) of 7.6%. This is below average and may indicate limited pricing power.
CORNING INC /NY (GLW) has a market capitalization of $152.8B. It is classified as a large-cap stock.
Yes, CORNING INC /NY (GLW) pays a dividend with a trailing twelve-month yield of 0.65%. The company also returns capital through share buybacks, with a buyback yield of 0.11%.
Based on historical P/E analysis, CORNING INC /NY (GLW) appears expensive. The current P/E of 95.7 is 268% above its historical median of 26.0. The estimated fair value CAGR (P/E method) is 0.6%.
CORNING INC /NY (GLW) operates in the Drawing & Insulating Of Nonferrous Wire industry, within the Materials sector.
CORNING INC /NY (GLW) reported annual revenue of $15.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
CORNING INC /NY (GLW) has a net profit margin of 10.2%. This is a healthy margin.
CORNING INC /NY (GLW) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CORNING INC /NY (GLW) has a debt-to-equity ratio of 0.78. This indicates moderate leverage.
CORNING INC /NY (GLW) reported earnings per share (EPS) of $1.83 in its most recent fiscal year.
CORNING INC /NY (GLW) has a return on equity (ROE) of 14.2%. This indicates moderate shareholder returns.
CORNING INC /NY (GLW) has a 5-year average gross margin of 33.5%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for CORNING INC /NY (GLW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CORNING INC /NY (GLW) has a book value per share of $13.54, based on its most recent annual SEC filing.
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