Corning Inc. | Large-cap | Technology
$52.59
0.00%
| Corning Stock Comparison:
Corning vs AmphenolCorning vs TE ConnectivityCorning vs JabilCorning vs FlexCorning vs CelesticaCorning vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 13.1B
Gross Profit 4.3B 32.60%
Operating Income 1.1B 8.65%
Net Income 592.0M 4.51%
EPS (Diluted) $0.58

Balance Sheet Metrics

Total Assets 27.7B
Total Liabilities 16.7B
Shareholders Equity 11.1B
Debt to Equity 1.51

Cash Flow Metrics

Operating Cash Flow 1.8B
Free Cash Flow 974.0M

Revenue & Profitability Trend

Corning Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 13.1B 12.6B 14.2B 14.1B 11.3B
Cost of Goods Sold 8.8B 8.7B 9.7B 9.0B 7.8B
Gross Profit 4.3B 3.9B 4.5B 5.1B 3.5B
Research & Development 1.1B 1.1B 1.0B 995.0M 1.2B
Selling, General & Administrative 1.9B 1.8B 1.9B 1.8B 1.7B
Other Operating Expenses 121.0M 122.0M 123.0M 129.0M 121.0M
Total Operating Expenses 3.1B 3.0B 3.1B 3.0B 3.0B
Operating Income 1.1B 890.0M 1.4B 2.1B 509.0M
Pre-tax Income 813.0M 816.0M 1.8B 2.4B 623.0M
Income Tax 221.0M 168.0M 411.0M 491.0M 111.0M
Net Income 592.0M 648.0M 1.4B 1.9B 512.0M
EPS (Diluted) $0.58 $0.68 $1.54 $1.28 $0.54

Income Statement Trend

Corning Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 8.0B 7.2B 7.5B 7.7B 8.0B
Non-Current Assets 19.7B 21.3B 22.0B 22.5B 22.8B
Total Assets 27.7B 28.5B 29.5B 30.2B 30.8B
Liabilities
Current Liabilities 4.9B 4.3B 5.2B 4.8B 3.8B
Non-Current Liabilities 11.7B 12.3B 12.0B 12.8B 13.6B
Total Liabilities 16.7B 16.6B 17.2B 17.6B 17.3B
Equity
Total Shareholders Equity 11.1B 11.9B 12.3B 12.5B 13.4B

Balance Sheet Composition

Corning Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 592.0M 648.0M 1.4B 1.9B 512.0M
Operating Cash Flow 1.8B 1.8B 2.8B 3.8B 2.3B
Investing Activities
Capital Expenditures - 67.0M - - -
Investing Cash Flow 221.0M 390.0M 249.0M 218.0M 67.0M
Financing Activities
Dividends Paid -986.0M -989.0M -932.0M -871.0M -787.0M
Financing Cash Flow -1.2B -925.0M -1.7B -2.7B -710.0M
Free Cash Flow 974.0M 615.0M 1.0B 1.8B 803.0M

Cash Flow Trend

Corning Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 99.62
Forward P/E 22.42
Price to Book 3.92
Price to Sales 3.26
PEG Ratio 22.42

Profitability Ratios

Profit Margin 3.34%
Operating Margin 13.07%
Return on Equity 4.87%
Return on Assets 3.59%

Financial Health

Current Ratio 1.69
Debt to Equity 73.27
Beta 1.10

Per Share Data

EPS (TTM) $0.52
Book Value per Share $13.23
Revenue per Share $15.92

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
glw 44.4B 99.62 3.92 4.87% 3.34% 73.27
Amphenol 115.2B 46.24 11.18 27.53% 15.57% 69.10
TE Connectivity 49.2B 36.05 4.08 11.22% 8.67% 46.48
Jabil 22.1B 39.20 17.33 32.39% 2.02% 258.74
Flex 17.2B 21.82 3.48 16.23% 3.25% 85.63
Celestica 15.7B 38.08 10.12 25.85% 4.19% 69.23

Financial data is updated regularly. All figures are in the company's reporting currency.