Corning IncCorning Inc
Corning Inc

Corning Inc

GLW
Information Technology·Electronic Equipment, Instruments & Components

Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. It operates through the following segments: Optical Communications, Display, Specialty Materials, Automotive, and Life Sciences. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Display Technologies segment manufactures glass substrates for flat panel displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computers, desktop monitors, tablets, and handheld devices. The Specialty Materials segment is involved in the manufacture of products that provide material formulations for glass, glass ceramics and crystals, and precision metrology instruments and software. The Automotive segment manufactures ceramic substrates and filter products for emissions control in mobile applications around the world as well as technical glass and optic products and solutions for the interior and exterior of vehicles. The Life Sciences segment develops, manufactures, and supplies laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

New York; U.S.A
Market cap
$131.6BNo data
Revenue
$15.6B+19.1% YoY
Net income
$1.6B+215.4% YoY
Free cash flow
$1.4B+45.1% YoY

Market

Listed stock
Tokenized stocks
GLWPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$15.6B+19.1% YoY
Operating income
$2.3B+100.8% YoY
Net income
$1.6B+215.4% YoY
Free cash flow
$1.4B+45.1% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $14.1B, 2022 $14.2B, 2023 $12.6B, 2024 $13.1B, 2025 $15.6B. Operating income: 2021 $2.1B, 2022 $1.4B, 2023 $890M, 2024 $1.1B, 2025 $2.3B. Net income: 2021 $1.9B, 2022 $1.3B, 2023 $581M, 2024 $506M, 2025 $1.6B. Free cash flow: 2021 $1.8B, 2022 $1B, 2023 $615M, 2024 $974M, 2025 $1.4B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
19.1%+1493 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $2.1B, 2022-12-31 $1.4B, 2023-12-31 $890M, 2024-12-31 $1.1B, 2025-12-31 $2.3B. Net income: 2021-12-31 $1.9B, 2022-12-31 $1.3B, 2023-12-31 $581M, 2024-12-31 $506M, 2025-12-31 $1.6B. Free cash flow: 2021-12-31 $1.8B, 2022-12-31 $1B, 2023-12-31 $615M, 2024-12-31 $974M, 2025-12-31 $1.4B

Growth heatmap

2022202320242025CAGR
Revenue
+0.8%
-11.3%
+4.2%
+19.1%
+2.6%
Gross profit
-11.0%
-12.8%
+8.8%
+31.5%
+2.6%
Operating income
-31.9%
-38.1%
+27.5%
+100.8%
+1.9%
Free cash flow
-43.0%
-39.2%
+58.4%
+45.1%
-5.5%

Earnings quality

Operating cash flow
$2.7B+39.0% YoY
Net income
$1.6B+215.4% YoY
Free cash flow
$1.4B+45.1% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 169%, 2024-12-31 383%, 2023-12-31 345%, 2022-12-31 199%, 2021-12-31 179%. Free cash flow: 2025-12-31 89%, 2024-12-31 192%, 2023-12-31 106%, 2022-12-31 77%, 2021-12-31 93%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data