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Corning Incorporated GLW SPX

Technology · Electronic Components · United States
https://www.corning.com

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

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$181.16
+269.31% 1Y

Market & Price

Market Cap
$155.91B
Current Price
$181.16
High / Low (52W)
$207.96 / $49.05
Beta
1.14

Valuation

Stock P/E
87.10
Industry PE
32.74
Forward P/E
42.89
PEG Ratio
1.43
Book Value
$13.78
Price to Book
13.15
P/S
9.55
EV/EBITDA
42.13
Dividend Yield
0.62%

Profitability & Returns

ROCE
9.42%
ROE
16.74%
ROA
5.38%
Profit Margin
11.09%
Op Margin
15.66%
EPS (Latest Qtr)
$0.43
EPS (TTM)
$2.08

Balance Sheet & Liquidity

Debt/Equity
0.80
Quick Ratio
0.75
Current Ratio
1.61
Debt
$9.92B
Total Assets
$30.98B
Current Assets
$8.94B
Working Capital
$3.31B

Ownership

Promoter Holding
8.20%
Chg in Prom Hold
-
FII / Inst Holding
73.80%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$164.62B
Total Revenue (TTM)
$16.32B
EBITDA
$3.91B
Free Cash Flow
$612.00M
Operating Cash Flow
$2.91B
Shares Outstanding
860.64M
Gross Margin
36.38%
Payout Ratio
53.85%

Growth (CAGR)

Revenue 5Y
3.27%
Profit 5Y
6.64%
Revenue (YoY)
20.00%
Earnings (YoY)
138.90%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 87.1.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 GLW Corning Incorporated SPX 181.16 87.10 $155.91B 0.62% 9.42% 16.74% 3.27% 6.64%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------2.38B2.50B2.61B-2.50B2.75B3.01B-------------------3.45B3.86B4.10B4.21B4.14B
Cost of Revenue -----------------------------------2.24B2.47B2.58B2.72B2.62B
Gross Profit 996.00M929.00M975.00M892.00M857.00M764.00M951.00M1.04B990.00M951.00M987.00M1.05B1.03B955.00M1.07B1.23B1.20B1.10B1.06B1.02B561.00M756.00M1.00B1.16B1.31B1.32B1.28B1.25B1.06B1.00B1.01B1.00B993.00M949.00M1.14B1.21B1.39B1.52B1.50B1.53B
Operating Expenses -----------------------------------769.00M819.00M931.00M823.00M889.00M
Operating Income -412.00M431.00M392.00M-177.00M247.00M535.00M-413.00M385.00M442.00M-194.00M395.00M522.00M-420.00M374.00M365.00M-121.00M-103.00M257.00M502.00M575.00M552.00M570.00M490.00M292.00M297.00M279.00M236.00M254.00M186.00M302.00M445.00M573.00M589.00M672.00M639.00M
EBITDA -----------------------------------641.00M1.01B965.00M1.12B978.00M
Interest Expense -----------------------------------82.00M83.00M78.00M93.00M92.00M
Pretax Income -----------------------------------240.00M584.00M550.00M678.00M529.00M
Tax Provision -----------------------------------55.00M84.00M80.00M91.00M121.00M
Net Income 988.00M407.00M496.00M212.00M224.00M-368.00M2.21B284.00M1.57B86.00M439.00M390.00M-1.41B-589.00M738.00M625.00M292.00M499.00M92.00M337.00M-96.00M-71.00M427.00M599.00M449.00M371.00M581.00M563.00M208.00M176.00M281.00M164.00M209.00M104.00M-117.00M157.00M469.00M430.00M540.00M371.00M
Diluted EPS 0.700.290.360.150.17-0.361.870.261.470.070.420.39-1.66-0.720.780.670.260.550.090.38-0.16-0.130.480.67-0.420.430.680.660.240.200.330.190.240.12-0.140.180.540.500.620.43
R&D Expense --63.00M---43.00M---------------------------------

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------9.39B10.12B11.29B11.50B11.30B-14.19B12.59B13.12B15.63B
Cost of Revenue ---------------9.68B8.66B8.84B10.01B
Gross Profit 2.75B2.74B2.09B3.05B3.58B3.32B3.32B4.05B3.65B3.76B4.02B4.46B4.04B3.53B-4.51B3.93B4.28B5.62B
Operating Expenses ---------------3.07B3.04B3.14B3.34B
Operating Income 1.08B1.52B391.00M1.80B1.71B1.18B1.37B1.93B1.32B1.42B1.61B1.57B1.31B509.00M-1.44B890.00M1.14B2.28B
EBITDA ---------------3.54B2.51B2.49B3.73B
Interest Expense ---------------292.00M329.00M329.00M336.00M
Pretax Income ---------------1.80B816.00M813.00M2.05B
Tax Provision ---------------411.00M168.00M221.00M310.00M
Net Income 2.15B5.26B2.01B3.56B2.82B1.64B1.96B2.47B1.34B3.69B-497.00M1.07B960.00M512.00M-1.32B581.00M506.00M1.60B
Diluted EPS 1.343.321.282.251.781.091.341.731.003.23-0.661.131.070.54-1.540.680.581.83
R&D Expense -510.00M465.00M491.00M561.00M651.00M613.00M701.00M638.00M637.00M689.00M807.00M800.00M1.00B800.00M900.00M900.00M800.00M800.00M

Compounded Sales Growth

5 Years:3.27%
1 Year:20.00%

Compounded Profit Growth

5 Years:6.64%
1 Year:138.90%

Stock Price Performance

1 Year:+269.31%
6 Months:+119.14%
3 Months:+20.65%
1 Month:+19.45%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --19.26B21.30B25.83B27.85B29.38B28.48B30.06B28.53B27.90B27.49B27.50B28.90B30.77B-29.50B28.50B27.73B30.98B
Current Assets ----------------7.45B7.21B7.99B8.94B
Cash & Equivalents 1.16B2.22B1.87B2.54B4.60B4.66B4.99B4.70B5.31B4.50B5.29B4.32B2.35B---1.67B1.78B1.77B1.53B
Inventory ----------------2.90B2.67B2.72B3.08B
Receivables ----------------1.72B1.57B2.05B2.78B
Total Liabilities --5.76B5.70B6.41B6.72B7.84B7.27B8.41B9.66B9.94B11.72B13.62B15.90B17.33B-17.22B16.63B16.66B18.67B
Current Liabilities --2.05B1.54B1.99B2.10B1.96B1.75B2.32B2.81B2.75B3.21B3.31B3.52B3.77B-5.17B4.32B4.92B5.63B
Long Term Debt ---2.00B2.32B2.39B3.46B---------6.69B7.21B6.88B7.63B
Total Debt ----------------7.82B8.48B8.09B9.38B
Total Equity --13.44B15.54B19.38B21.08B21.49B21.16B21.58B18.79B17.89B15.70B13.79B12.91B13.26B-12.01B11.55B10.69B11.81B
Shares Outstanding ----------------1.80B1.83B1.84B1.85B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow --------2.83B2.54B2.00B2.92B2.03B2.18B-2.62B2.00B1.94B2.69B
Investing Cash Flow -561.00M-1.70B-1.37B-1.77B-2.06B-2.63B-1.00B-962.00M-685.00M3.66B-1.71B-2.89B-1.89B-1.31B--1.35B-1.00B-744.00M-1.24B
Financing Cash Flow -539.00M-798.00M-15.00M-2.00M-980.00M-115.00M-2.06B-2.59B-2.62B-5.32B-1.62B-2.00B-47.00M-729.00M--1.65B-883.00M-1.16B-1.67B
Capital Expenditure ----------------1.60B-1.39B-965.00M-1.28B
Free Cash Flow ---------------1.01B615.00M974.00M1.41B
Net Change in Cash ----------------389.00M122.00M31.00M-220.00M
Share Buybacks 250.00M625.00M0-780.00M720.00M1.52B2.48B3.23B4.23B2.45B2.23B940.00M105.00M274.00M221.00M-165.00M163.00M

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------40.1%39.7%39.5%35.1%31.2%-31.8%31.2%32.6%36.0%
Operating Margin % ---------15.2%15.9%14.0%11.4%4.5%-10.1%7.1%8.7%14.6%
Net Margin % ---------39.4%-4.9%9.4%8.3%4.5%-9.3%4.6%3.9%10.2%
ROE % -39.1%12.9%18.4%13.4%7.6%9.3%11.5%7.1%20.7%-3.2%7.7%7.4%3.9%-11.0%5.0%4.7%13.5%
ROCE % -8.8%2.0%7.6%6.6%4.3%5.1%7.0%5.1%5.7%6.6%6.5%5.1%1.9%-5.9%3.7%5.0%9.0%

Shareholding Pattern

Insiders
8.20%
Institutions
73.80%
Public Float
80.39%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.75% 66.71M $12.09B
2 Vanguard Capital Management LLC 5.86% 50.46M $9.14B
3 State Street Corporation 4.21% 36.26M $6.57B
4 Vanguard Portfolio Management LLC 3.28% 28.27M $5.12B
5 FMR, LLC 2.89% 24.91M $4.51B
6 Capital Research Global Investors 2.54% 21.85M $3.96B
7 Geode Capital Management, LLC 2.44% 20.96M $3.80B
8 Morgan Stanley 1.82% 15.67M $2.84B
9 Bank of America Corporation 1.68% 14.50M $2.63B
10 State Farm Mutual Automobile Insurance Co 1.56% 13.42M $2.43B

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