CORNING INC /NY GLW

Basic materials SIC 3357 - Drawing & Insulating of Nonferrous Wire NAICS Manufacturing › Primary Metal Manufacturing derived NYSE

Corning traces its origins to a glass business established in 1851. The present corporation was incorporated in the State of New York in December 1936. The Company's name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989.

Corning is vital to progress – in the industries we help advance and in the world we share. With a 175-year track record of life-changing inventions, Corning applies its unparalleled expertise in glass science, ceramic science and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Our materials science and manufacturing expertise, boundless curiosity and commitment to purposeful invention place us at the center of the way the world works, learns and lives. In addition, our sustained investment in research, development and engineering capabilities means we are always ready to solve the toughest challenges alongside our customers.

Last close 123.69 2026-10-23
Market cap $106.45B 2026-03-31 share count
52-week range 77.39 - 271.78

Valuation FY2025 figures against the last close

P/S6.8x
P/E67.6x
P/FCF75.3x
EV/EBITDA30.1x
Dividend yield—
Diluted EPS1.83

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $15.63B$13.12B$12.59B$14.19B$14.08B$11.30B$11.50B$11.29B$10.12B$9.39B
Cost of revenue $10.01B$8.84B$8.66B$9.68B$9.02B$7.77B$7.47B$6.83B$6.10B$5.63B
Gross profit $5.62B$4.28B$3.93B$4.51B$5.06B$3.53B$4.04B$4.46B$4.02B$3.76B
R&D $800.0M$800.0M$900.0M$900.0M$800.0M$1.00B$800.0M$807.0M$689.0M$637.0M
SG&A $2.12B$1.93B$1.84B$1.90B$1.83B$1.75B$1.58B$1.80B$1.47B$1.46B
Operating income $2.28B$1.14B$890.0M$1.44B$2.11B$509.0M$1.31B$1.57B$1.61B$1.42B
Interest expense $336.0M$329.0M$329.0M$292.0M——————
Pre-tax income $2.05B$813.0M$816.0M$1.80B$2.43B$634.0M$1.22B$1.50B$1.66B$3.69B
Income tax $310.0M$221.0M$168.0M$411.0M$491.0M$111.0M$256.0M$437.0M$2.15B$3.0M
Net income $1.60B$506.0M$581.0M$1.32B$1.91B$512.0M$960.0M$1.07B-$497.0M$3.69B
EPS, basic 1.870.590.691.561.300.541.111.19-0.663.53
EPS, diluted 1.830.580.681.541.280.541.071.13-0.663.23
Shares, diluted (wtd. avg.) 871.0M869.0M859.0M857.0M844.0M772.0M899.0M941.0M895.0M1.14B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.53B$1.77B$1.78B$1.67B$2.15B$2.67B$2.43B$2.35B$4.32B$5.29B
Receivables $2.78B$2.05B$1.57B$1.72B$2.00B$2.13B$1.84B$1.94B$1.81B$1.48B
Inventory $3.08B$2.72B$2.67B$2.90B$2.48B$2.44B$2.32B$2.04B$1.71B$1.47B
Total current assets $8.94B$7.99B$7.21B$7.45B$7.66B$8.00B$7.46B$7.03B$8.83B$9.05B
Property, plant and equipment $14.82B$13.36B$14.63B$15.37B$15.80B$15.74B$15.34B$14.89B$14.02B$12.55B
Goodwill $2.49B$2.36B$2.38B$2.39B$2.42B$2.46B$1.94B$1.94B$1.69B$1.58B
Other intangibles $657.0M$752.0M$905.0M$1.03B$1.15B$1.31B$1.19B$1.29B$869.0M$796.0M
Total assets $30.98B$27.73B$28.50B$29.50B$30.15B$30.77B$28.90B$27.50B$27.49B$27.90B
Accounts payable $1.98B$1.47B$1.47B$1.80B$1.61B$1.17B$1.59B$1.46B$1.44B$1.08B
Short-term debt $804.0M$326.0M$320.0M$224.0M$55.0M$156.0M$11.0M$4.0M$379.0M$256.0M
Total current liabilities $5.63B$4.92B$4.32B$5.17B$4.81B$3.77B$3.52B$3.31B$3.21B$2.75B
Total liabilities $18.67B$16.66B$16.63B$17.22B$17.61B$17.33B$15.90B$13.62B$11.72B$9.94B
Retained earnings $16.55B$15.93B$16.39B$16.78B$16.39B$16.12B$16.41B$16.30B$15.93B$16.88B
Total equity $11.81B$10.69B$11.87B$12.28B$12.54B$13.45B$13.00B$13.89B$15.77B$17.96B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.69B$1.94B$2.00B$2.62B$3.41B$2.18B$2.03B$2.92B$2.00B$2.54B
Depreciation and amortisation $1.24B$1.23B$1.25B$1.33B$1.35B$1.40B$1.39B$1.20B$1.08B$1.13B
Stock-based compensation $286.0M$273.0M$218.0M$175.0M$190.0M$207.0M$56.0M$51.0M$46.0M$42.0M
Capital expenditure $1.28B$965.0M$1.39B$1.60B$1.64B$1.38B$1.98B$2.24B——
Investing cash flow -$1.24B-$744.0M-$1.00B-$1.35B-$1.42B-$1.31B-$1.89B-$2.89B-$1.71B$3.66B
Financing cash flow -$1.67B-$1.16B-$883.0M-$1.65B-$2.45B-$729.0M-$47.0M-$2.00B-$1.62B-$5.32B
Buybacks $163.0M$165.0M—$221.0M$274.0M$105.0M$940.0M$2.23B$2.45B$4.23B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000024741-26-000124.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B 20B Revenue, FY2016: 9.4B Gross profit, FY2016: 3.8B Net income, FY2016: 3.7B Revenue, FY2017: 10.1B Gross profit, FY2017: 4B Net income, FY2017: -497M Revenue, FY2018: 11.3B Gross profit, FY2018: 4.5B Net income, FY2018: 1.1B Revenue, FY2019: 11.5B Gross profit, FY2019: 4B Net income, FY2019: 960M Revenue, FY2020: 11.3B Gross profit, FY2020: 3.5B Net income, FY2020: 512M Revenue, FY2021: 14.1B Gross profit, FY2021: 5.1B Net income, FY2021: 1.9B Revenue, FY2022: 14.2B Gross profit, FY2022: 4.5B Net income, FY2022: 1.3B Revenue, FY2023: 12.6B Gross profit, FY2023: 3.9B Net income, FY2023: 581M Revenue, FY2024: 13.1B Gross profit, FY2024: 4.3B Net income, FY2024: 506M Revenue, FY2025: 15.6B Gross profit, FY2025: 5.6B Net income, FY2025: 1.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.39B $10.12B $11.29B $11.50B $11.30B $14.08B $14.19B $12.59B $13.12B $15.63B
Gross profit $3.76B $4.02B $4.46B $4.04B $3.53B $5.06B $4.51B $3.93B $4.28B $5.62B
Net income $3.69B -$497.0M $1.07B $960.0M $512.0M $1.91B $1.32B $581.0M $506.0M $1.60B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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