Corning Incorporated

Technology

NYSE:GLW · New York Stock Exchange

Market Cap $154.93B Beta 1.16 P/E (TTM) 85.8

$180.02 +1.97%

+$3.47 today

52W Low $49.47High $211.79

Vol 4.81M · Avg 13.03M

EPS (TTM)$2.10

Div Yield0.62%

Hardware, Equipment & Parts

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Earnings Waterfall

Revenue to Net Income

Income Statement

Key Ratios

EPS$2.10

Gross Margin36.3%

Net Margin11.1%

P/E Ratio44.7

P/S Ratio18.8

Analysis

$16.3B of revenue converted into $1.8B of net income for the selected period. Gross margin is 36.3% and net margin is 11.1%, showing how much revenue survives after costs and taxes. EPS is $2.10, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	$15.6B +19.1%	$13.1B +4.2%	$12.6B -11.3%	$14.2B +0.8%	$14.1B	$809.6M	$921.6M	$731.2M
Cost of Revenue	$10.1B +14.4%	$8.8B +2.1%	$8.7B -10.6%	$9.7B +7.4%	$9.0B	$725.6M	$804.0M	$882.4M

Gross Profit	$5.5B +29.0%	$4.3B +8.8%	$3.9B -12.8%	$4.5B -11.0%	$5.1B	$8.9B	$7.6B	$6.2B

Gross Margin	35.3% +2.7pp	32.6% +1.4pp	31.2% -0.5pp	31.8% -4.2pp	36.0%	9.8%	28.9%	38.3%
Research & Development	$1.1B +1.9%	$1.1B +1.2%	$1.1B +2.8%	$1.0B +5.2%	$995.0M	$983.2M	$1.3B	$490.4M
Selling, General & Admin	$2.1B +7.4%	$1.9B +4.8%	$1.8B -2.9%	$1.9B +3.9%	$1.8B	$620.6M	$923.0M	-$1.5B

Operating Expenses	$3.2B +1.3%	$3.1B +3.3%	$3.0B -0.9%	$3.1B +4.0%	$3.0B	$5.3B	$7.0B	$8.7B
Depreciation & Amortization	$1.3B -0.2%	$1.4B -1.4%	$1.4B -5.7%	$1.5B -2.0%	$1.5B	$374.2M	$1.2B	$631.8M

EBITDA	$3.7B +49.9%	$2.5B -0.9%	$2.5B -29.0%	$3.5B -15.8%	$4.2B	-$15.2B	$6.8B	$9.3B
EBITDA Margin	23.9% +4.9pp	19.0% -1.0pp	20.0% -5.0pp	25.0% -4.9pp	29.9%	5.6%	46.3%	42.0%

Operating Income	$2.3B +105.4%	$1.1B +27.5%	$890.0M -38.1%	$1.4B -31.9%	$2.1B	$12.3B	$14.0B	-$15.7B

Operating Margin	14.9% +6.3pp	8.7% +1.6pp	7.1% -3.1pp	10.1% -4.9pp	15.0%	16.6%	24.1%	22.0%
Interest Income	$38.0M -19.1%	$47.0M +23.7%	$38.0M +153.3%	$15.0M +36.4%	$11.0M	-$1.5B	-$1.6B	$405.0M
Interest Expense	$336.0M +2.1%	$329.0M +0.0%	$329.0M +12.7%	$292.0M -2.7%	$300.0M	$1.1B	$1.0B	$1.2B
Other Income / Expenses	-$279.0M +13.4%	-$322.0M -335.1%	-$74.0M -120.6%	$359.0M +14.3%	$314.0M	-$1.5B	$1.4B	$1.2B

Income Before Tax	$2.1B +152.4%	$813.0M -0.4%	$816.0M -54.6%	$1.8B -25.9%	$2.4B	$3.3B	$4.9B	$3.6B
Pre-Tax Margin	13.1% +6.9pp	6.2% -0.3pp	6.5% -6.2pp	12.7% -4.6pp	17.2%	20.8%	18.7%	26.2%
Income Tax Expense	$310.0M +40.3%	$221.0M +31.5%	$168.0M -59.1%	$411.0M -16.3%	$491.0M	$1.3B	-$1.6B	$745.2M

Net Income	$1.6B +215.4%	$506.0M -12.9%	$581.0M -55.9%	$1.3B -31.0%	$1.9B	$4.9B	$4.8B	$4.7B

Net Margin	10.2% +6.4pp	3.9% -0.8pp	4.6% -4.7pp	9.3% -4.3pp	13.5%	12.4%	17.5%	22.5%
EPS (Basic)	$2 +215.3%	$1 -14.5%	$1 -55.8%	$2 +20.0%	$1	$400.8M	$703.2M	$1.3B
EPS (Diluted)	$2 +219.0%	$1 -14.7%	$1 -55.8%	$2 +20.3%	$1	$766.2M	$609.4M	$452.6M
Weighted Avg Shares	$860.0M +0.8%	$853.0M +0.6%	$848.0M +0.6%	$843.0M +1.8%	$828.0M	$757.8M	$925.8M	$1.1B
Weighted Avg Shares (Diluted)	$860.0M -1.0%	$869.0M +1.2%	$859.0M +0.2%	$857.0M +1.5%	$844.0M	$1.2B	$924.4M	$678.0M