What is Corning Incorporated's earnings per share (EPS)?

Corning Incorporated (GLW) reported diluted earnings per share of $1.83 for fiscal year 2025. This represents a 215.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Corning Incorporated (GLW) Financials

GLW

Trailing 12 months to June 30, 2026

Revenue $17.0B +19.4% YoY

Net Income $1.9B +132.0% YoY

EPS (Diluted) $2.19 +135.5% YoY

Operating Cash Flow $3.9B +79.5% YoY

Market Cap $135.0B as of Oct 10, 2026

Price / Sales 8.0x on $17.0B revenue, trailing 12 months to June 30, 2026

Price / Earnings 71.0x on $1.9B net income, trailing 12 months to June 30, 2026

Price / Book 10.7x on $12.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLW SEC filings page.

Corning Incorporated (GLW) reported $17.0B in revenue over the twelve months to Jun 30, 2026, up 19.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GLW FY2025 2026-10-03

Corning’s 2025 rebound restored margins and cash generation, but rising inventory, receivables, and debt show more capital tied to growth.

From FY2023 to FY2025, operating margin rose from 7.1% to 14.6%, indicating that the recovery reached costs rather than merely adding volume. Operating cash flow also recovered to $2.7B in FY2025, but inventory and receivables increased together, so more cash was committed to supporting sales.

A 1.6x current ratio provides a short-term liquidity cushion, while 0.6x debt-to-equity shows the rebound is not being funded solely by equity. Total liabilities reached $18.7B in FY2025, reinforcing that expansion carries a larger financing base than in FY2023.

Earnings quality improved alongside the rebound: FY2025 net income reached $1.6B while operating cash flow reached $2.7B, so cash generation exceeded reported profit. That gap reflects non-cash and working-capital effects, but it should not be treated as free cash flow because capital expenditures and free cash flow are not reported.

Financial Health Signals

Financial Health Score 47/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Corning Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Corning Incorporated has an operating margin of 14.6%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is up from 8.6% the prior year.

Growth

Corning Incorporated's revenue surged 19.1% year-over-year to $15.6B, reflecting rapid business expansion. This strong growth earns a score of 68/100.

Leverage

Corning Incorporated has a moderate D/E ratio of 0.65. This balance of debt and equity financing earns a leverage score of 35/100.

Liquidity

Corning Incorporated's current ratio of 1.59 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Not available for Corning Incorporated, and counted as zero in the overall score.

Returns

Corning Incorporated's ROE of 13.5% shows moderate profitability relative to equity, earning a score of 59/100. This is up from 4.7% the prior year.

Altman Z-Score Safe

5.96

Corning Incorporated scores 5.96, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($135.0B) relative to total liabilities ($18.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Corning Incorporated passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.69x

For every $1 of reported earnings, Corning Incorporated generates $1.69 in operating cash flow ($2.7B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.78x

Corning Incorporated earns $6.78 in operating income for every $1 of interest expense ($2.3B vs $336.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5B

YoY+16.6%

QoQ+8.7%

5Y CAGR+5.2%

10Y CAGR+6.7%

Corning Incorporated generated $4.5B in revenue in Q2 2026. This represents an increase of 16.6% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.

EBITDA

$1.1B

YoY+19.3%

QoQ+9.3%

5Y CAGR+2.9%

Corning Incorporated's EBITDA was $1.1B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.3% from the same quarter a year earlier. Against the prior quarter it is up 9.3%.

Net Income

$559.0M

YoY+19.2%

QoQ+50.7%

5Y CAGR+4.5%

10Y CAGR-12.8%

Corning Incorporated reported $559.0M in net income in Q2 2026. This represents an increase of 19.2% from the same quarter a year earlier. Against the prior quarter it is up 50.7%.

EPS (Diluted)

$0.64

YoY+18.5%

QoQ+48.8%

10Y CAGR-10.2%

Corning Incorporated earned $0.64 per diluted share (EPS) in Q2 2026. This represents an increase of 18.5% from the same quarter a year earlier. Against the prior quarter it is up 48.8%.

Cash & Balance Sheet

Cash & Debt

$2.5B

YoY+67.9%

QoQ+42.7%

5Y CAGR+1.5%

10Y CAGR-10.0%

Corning Incorporated held $2.5B in cash against $7.8B in long-term debt as of Q2 2026.

Dividends Per Share

$0.56

YoY0.0%

QoQ+100.0%

Corning Incorporated paid $0.56 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

Shares Outstanding

861M

YoY+0.6%

QoQ+0.1%

5Y CAGR+0.2%

10Y CAGR-1.8%

Corning Incorporated had 861M shares outstanding in Q2 2026. This represents an increase of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Gross Margin

36.1%

YoY+0.1pp

QoQ-0.7pp

5Y change-1.4pp

10Y change-4.2pp

Corning Incorporated's gross margin was 36.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Operating Margin

15.5%

YoY+0.7pp

QoQ+0.1pp

5Y change-0.9pp

Corning Incorporated's operating margin was 15.5% in Q2 2026, reflecting core business profitability. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Net Margin

12.4%

YoY+0.3pp

QoQ+3.5pp

5Y change-0.4pp

10Y change-81.1pp

Corning Incorporated's net profit margin was 12.4% in Q2 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.

Return on Equity

4.5%

YoY+0.2pp

QoQ+1.3pp

5Y change+0.7pp

10Y change-6.8pp

Corning Incorporated's ROE was 4.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Capital Allocation

None of these metrics is reported for Q2 2026.

GLW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$17.0B	$15.6B+19.1%	$13.1B+4.2%	$12.6B-11.3%	$14.2B+0.8%	$14.1B+24.6%	$11.3B-1.7%	$11.5B+1.9%	$11.3B+11.6%	$10.1B+7.7%	$9.4B+3.1%	$9.1B-6.2%	$9.7B+24.2%	$7.8B-2.4%	$8.0B+1.5%	$7.9B
Cost of Revenue	$10.8B	$10.0B+13.2%	$8.8B+2.1%	$8.7B-10.6%	$9.7B+7.4%	$9.0B+16.0%	$7.8B+4.1%	$7.5B+9.4%	$6.8B+12.0%	$6.1B+8.3%	$5.6B+3.1%	$5.5B-3.6%	$5.7B+26.0%	$4.5B-4.2%	$4.7B+8.8%	$4.3B
Gross Profit	$6.2B	$5.6B+31.5%	$4.3B+8.8%	$3.9B-12.8%	$4.5B-11.0%	$5.1B+43.4%	$3.5B-12.5%	$4.0B-9.5%	$4.5B+11.0%	$4.0B+6.8%	$3.8B+3.0%	$3.7B-9.8%	$4.1B+21.9%	$3.3B+0.2%	$3.3B-7.2%	$3.6B
R&D Expenses	N/A	$800.0M0.0%	$800.0M-11.1%	$900.0M0.0%	$900.0M+12.5%	$800.0M-20.0%	$1.0B+25.0%	$800.0M-0.9%	$807.0M+17.1%	$689.0M+8.2%	$637.0M-0.2%	$638.0M-9.0%	$701.0M+14.4%	$613.0M-5.8%	$651.0M+16.0%	$561.0M
SG&A Expenses	$2.3B	$2.1B+9.9%	$1.9B+4.8%	$1.8B-2.9%	$1.9B+3.9%	$1.8B+4.6%	$1.7B+10.2%	$1.6B-11.9%	$1.8B+22.1%	$1.5B+0.8%	$1.5B-3.1%	$1.5B+25.5%	$1.2B+6.7%	$1.1B-6.6%	$1.2B+17.2%	$1.0B
Operating Income	$2.6B	$2.3B+100.8%	$1.1B+27.5%	$890.0M-38.1%	$1.4B-31.9%	$2.1B+314.9%	$509.0M-61.0%	$1.3B-17.1%	$1.6B-2.1%	$1.6B+12.9%	$1.4B+7.7%	$1.3B-31.5%	$1.9B+40.8%	$1.4B+16.3%	$1.2B-31.1%	$1.7B
EBITDA	N/A	$3.7B+45.7%	$2.5B+9.8%	$2.3B-20.6%	$2.9B-19.9%	$3.6B+76.6%	$2.0B-27.5%	$2.8B-1.7%	$2.9B+3.7%	$2.8B+5.6%	$2.6B+4.5%	$2.5B-20.0%	$3.1B+31.9%	$2.4B+9.1%	$2.2B-18.5%	$2.7B
Interest Expense	$357.0M	$336.0M+2.1%	$329.0M0.0%	$329.0M+12.7%	$292.0M-2.7%	$300.0M+8.7%	$276.0M+24.9%	$221.0M+15.7%	$191.0M+23.2%	$155.0M-2.5%	$159.0M+13.6%	$140.0M+13.8%	$123.0M+2.5%	$120.0M+8.1%	$111.0M+24.7%	$89.0M
Income Tax	$332.0M	$310.0M+40.3%	$221.0M+31.5%	$168.0M-59.1%	$411.0M-16.3%	$491.0M+342.3%	$111.0M-56.6%	$256.0M-41.4%	$437.0M-79.7%	$2.2B+71900.0%	-$3.0M-102.0%	$147.0M-86.6%	$1.1B+114.1%	$512.0M+51.0%	$339.0M-18.1%	$414.0M
Net Income	$1.9B	$1.6B+215.4%	$506.0M-12.9%	$581.0M-55.9%	$1.3B-31.0%	$1.9B+272.3%	$512.0M-46.7%	$960.0M-9.9%	$1.1B+314.5%	-$497.0M-113.5%	$3.7B+176.0%	$1.3B-45.8%	$2.5B+26.1%	$2.0B+19.9%	$1.6B-41.9%	$2.8B
EPS (Basic)	N/A	$1.87+216.9%	$0.59-14.5%	$0.69-55.8%	$1.56+20.0%	$1.30+140.7%	$0.54-51.4%	$1.11-6.7%	$1.19+280.3%	-$0.66-118.7%	$3.53+246.1%	$1.02-44.0%	$1.82+34.8%	$1.35+22.7%	$1.10-38.9%	$1.80
EPS (Diluted)	$2.19	$1.83+215.5%	$0.58-14.7%	$0.68-55.8%	$1.54	$1.28	$0.54-49.5%	$1.07-5.3%	$1.13+271.2%	-$0.66	$3.23+223.0%	$1.00-42.2%	$1.73+29.1%	$1.34+22.9%	$1.09-38.8%	$1.78
Diluted Shares (Avg)	N/A	871M+0.2%	869M+1.2%	859M+0.2%	857M	844M	772M-14.1%	899M-4.5%	941M+5.1%	895M	1.14B-14.8%	1.34B-5.9%	1.43B-2.4%	1.46B-2.9%	1.51B-4.9%	1.58B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.5B+16.6%	$4.1B+20.0%	$4.2B+20.4%	$4.1B+20.9%	$3.9B+18.8%	$3.5B+16.0%	$3.5B+16.9%	$3.4B+6.9%
Cost of Revenue	$2.9B+16.5%	$2.6B+16.9%	$2.7B+18.1%	$2.6B+14.5%	$2.5B+7.3%	$2.2B+12.9%	$2.3B+10.6%	$2.3B+3.9%
Gross Profit	$1.6B+17.0%	$1.5B+25.9%	$1.5B+24.9%	$1.5B+33.7%	$1.4B+46.7%	$1.2B+22.3%	$1.2B+31.4%	$1.1B+13.2%
SG&A Expenses	$608.0M+18.1%	$588.0M+24.8%	$512.0M+2.6%	$624.0M+22.4%	$515.0M+9.3%	$471.0M+4.4%	$499.0M-2.9%	$510.0M+9.0%
Operating Income	$698.0M+21.8%	$639.0M+43.6%	$672.0M+71.0%	$589.0M+95.0%	$573.0M+208.1%	$445.0M+75.2%	$393.0M+403.8%	$302.0M+28.0%
EBITDA	$1.1B+19.3%	$996.0M+30.4%	$1.1B+40.2%	$926.0M+44.0%	$913.0M+74.6%	$764.0M+29.3%	$762.0M+66.4%	$643.0M+11.6%
Interest Expense	$94.0M+13.3%	$92.0M+12.2%	$93.0M+17.7%	$78.0M-6.0%	$83.0M-1.2%	$82.0M-1.2%	$79.0M-12.2%	$83.0M+1.2%
Income Tax	$40.0M-52.4%	$121.0M+120.0%	$91.0M-6.2%	$80.0M+2566.7%	$84.0M+68.0%	$55.0M-22.5%	$97.0M+1070.0%	$3.0M-91.4%
Net Income	$559.0M+19.2%	$371.0M+136.3%	$540.0M+74.2%	$430.0M+467.5%	$469.0M+351.0%	$157.0M-24.9%	$310.0M+875.0%	-$117.0M-171.3%
EPS (Basic)	$0.65+18.2%	$0.43+138.9%	$0.63+75.0%	$0.50+457.1%	$0.55+358.3%	$0.18-28.0%	$0.36+1000.0%	-$0.14-173.7%
EPS (Diluted)	$0.64+18.5%	$0.43+138.9%	$0.62+77.1%	$0.50+457.1%	$0.54+350.0%	$0.18-25.0%	$0.35+975.0%	-$0.14-173.7%
Diluted Shares (Avg)	875M+1.2%	871M+0.6%	N/A	868M+1.6%	865M+0.1%	866M+0.5%	N/A	854M-0.6%

Not reported in any period shown, so not listed: R&D Expenses.

GLW Balance Sheet

GLW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$31.0B+11.7%	$27.7B-2.7%	$28.5B-3.4%	$29.5B-2.2%	$30.2B-2.0%	$30.8B+6.5%	$28.9B+5.1%	$27.5B0.0%	$27.5B-1.5%	$27.9B-2.2%	$28.5B-5.1%	$30.1B+5.6%	$28.5B-3.1%	$29.4B+5.5%	$27.8B
Current Assets	$8.9B+11.8%	$8.0B+10.8%	$7.2B-3.2%	$7.5B-2.7%	$7.7B-4.3%	$8.0B+7.2%	$7.5B+6.1%	$7.0B-20.3%	$8.8B-2.4%	$9.0B+9.4%	$8.3B-19.2%	$10.2B+15.2%	$8.9B-8.3%	$9.7B+11.7%	$8.7B
Cash & Equivalents	$1.5B-13.7%	$1.8B-0.6%	$1.8B+6.5%	$1.7B-22.2%	$2.1B-19.6%	$2.7B+9.8%	$2.4B+3.4%	$2.4B-45.4%	$4.3B-18.4%	$5.3B+17.6%	$4.5B-15.2%	$5.3B+12.9%	$4.7B-5.7%	$5.0B+7.0%	$4.7B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$100.0M-86.8%	$759.0M+42.9%	$531.0M-54.1%	$1.2B-0.7%	$1.2B
Inventory	$3.1B+13.0%	$2.7B+2.2%	$2.7B-8.2%	$2.9B+17.0%	$2.5B0.0%	$2.5B+6.9%	$2.3B+13.9%	$2.0B+19.0%	$1.7B+16.4%	$1.5B+6.2%	$1.4B+4.8%	$1.3B+4.1%	$1.3B+20.8%	$1.1B+7.8%	$975.0M
Accounts Receivable	$2.8B+35.4%	$2.1B+30.6%	$1.6B-8.7%	$1.7B-14.1%	$2.0B-6.0%	$2.1B+16.2%	$1.8B-5.4%	$1.9B+7.4%	$1.8B+22.0%	$1.5B+7.9%	$1.4B-8.6%	$1.5B+19.8%	$1.3B-3.8%	$1.3B+20.3%	$1.1B
Long-Term Investments	$0	$0	$0	$0-100.0%	$64.0M-63.8%	$177.0M	$0-100.0%	$16.0M	$0-100.0%	$29.0M-12.1%	$33.0M	$0	$0	$0	$0
Goodwill	$2.5B+5.3%	$2.4B-0.7%	$2.4B-0.6%	$2.4B-1.1%	$2.4B-1.6%	$2.5B+27.1%	$1.9B-0.1%	$1.9B+14.3%	$1.7B+7.4%	$1.6B+14.3%	$1.4B+20.0%	$1.1B+14.8%	$1.0B+2.9%	$974.0M+46.7%	$664.0M
Total Liabilities	$18.7B+12.0%	$16.7B+0.2%	$16.6B-3.4%	$17.2B-2.2%	$17.6B+1.6%	$17.3B+9.0%	$15.9B+16.8%	$13.6B+16.2%	$11.7B+18.0%	$9.9B+2.8%	$9.7B+14.9%	$8.4B+15.7%	$7.3B-7.3%	$7.8B+16.7%	$6.7B
Current Liabilities	$5.6B+14.4%	$4.9B+13.9%	$4.3B-16.5%	$5.2B+7.7%	$4.8B+27.6%	$3.8B+7.0%	$3.5B+6.3%	$3.3B+3.2%	$3.2B+16.6%	$2.8B-2.2%	$2.8B+21.1%	$2.3B+33.1%	$1.7B-10.7%	$2.0B-6.7%	$2.1B
Non-Current Liabilities	$13.0B+11.0%	$11.7B-4.6%	$12.3B+2.2%	$12.0B-5.9%	$12.8B-5.6%	$13.6B+9.5%	$12.4B+20.1%	$10.3B+21.1%	$8.5B+18.5%	$7.2B+4.9%	$6.8B+12.5%	$6.1B+10.3%	$5.5B+250.8%	$1.6B+15.7%	$1.4B
Long-Term Debt	$7.6B+10.8%	$6.9B-4.5%	$7.2B+7.8%	$6.7B-4.3%	$7.0B-10.6%	$7.8B+1.1%	$7.7B+28.9%	$6.0B+26.2%	$4.7B+30.3%	$3.6B-6.3%	$3.9B+20.5%	$3.2B-1.4%	$3.3B-3.3%	$3.4B+43.1%	$2.4B
Total Equity	$11.8B+10.5%	$10.7B-7.5%	$11.6B-3.8%	$12.0B-2.6%	$12.3B-7.0%	$13.3B+2.7%	$12.9B-6.4%	$13.8B-12.1%	$15.7B-12.3%	$17.9B-4.8%	$18.8B-12.9%	$21.6B+2.0%	$21.2B-1.5%	$21.5B+1.9%	$21.1B
Retained Earnings	$16.6B+3.9%	$15.9B-2.8%	$16.4B-2.3%	$16.8B+2.4%	$16.4B+1.7%	$16.1B-1.8%	$16.4B+0.6%	$16.3B+2.3%	$15.9B-5.6%	$16.9B+22.0%	$13.8B+6.2%	$13.0B+15.0%	$11.3B+14.0%	$9.9B+13.3%	$8.8B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$33.0B+14.6%	$31.3B+14.1%	$31.0B+11.7%	$29.9B+5.6%	$28.7B+5.8%	$27.4B-0.8%	$27.7B-2.7%	$28.3B+0.2%
Current Assets	$10.9B+33.2%	$9.5B+24.6%	$8.9B+11.8%	$8.7B+13.0%	$8.2B+15.1%	$7.6B+9.7%	$8.0B+10.8%	$7.7B+5.2%
Cash & Equivalents	$2.5B+67.9%	$1.8B+29.1%	$1.5B-13.7%	$1.6B+2.2%	$1.5B+5.1%	$1.4B-0.4%	$1.8B-0.6%	$1.6B-1.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$3.4B+11.1%	$3.3B+13.2%	$3.1B+13.0%	$3.1B+11.1%	$3.1B+15.0%	$2.9B+6.7%	$2.7B+2.2%	$2.8B+5.2%
Accounts Receivable	$2.9B+27.6%	$2.7B+30.9%	$2.8B+35.4%	$2.5B+26.3%	$2.3B+33.5%	$2.0B+26.2%	$2.1B+30.6%	$2.0B+15.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B-0.6%	$2.5B+4.6%	$2.5B+5.3%	$2.5B+4.1%	$2.5B+5.4%	$2.4B0.0%	$2.4B-0.7%	$2.4B+0.8%
Total Liabilities	$19.8B+15.3%	$18.9B+16.2%	$18.7B+12.0%	$17.9B+6.3%	$17.2B+5.8%	$16.3B+1.3%	$16.7B+0.2%	$16.9B+1.9%
Current Liabilities	$6.0B+10.0%	$5.9B+30.8%	$5.6B+14.4%	$5.6B+20.3%	$5.5B+21.0%	$4.5B+8.3%	$4.9B+13.9%	$4.6B+8.2%
Non-Current Liabilities	$13.8B+17.8%	$13.0B+10.6%	$13.0B+11.0%	$12.3B+0.9%	$11.7B0.0%	$11.7B-1.2%	$11.7B-4.6%	$12.2B-0.3%
Long-Term Debt	$7.8B+15.5%	$7.7B+11.0%	$7.6B+10.8%	$7.4B+4.7%	$6.7B-2.8%	$7.0B-1.4%	$6.9B-4.5%	$7.1B-1.9%
Total Equity	$12.6B+13.0%	$11.8B+10.2%	$11.8B+10.5%	$11.5B+3.9%	$11.1B+5.0%	$10.7B-4.5%	$10.7B-7.5%	$11.1B-2.9%
Retained Earnings	$16.7B+5.8%	$16.7B+5.3%	$16.6B+3.9%	$16.3B+2.5%	$15.8B-1.0%	$15.8B-3.2%	$15.9B-2.8%	$15.9B-4.9%

GLW Cash Flow Statement

GLW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.9B	$2.7B+39.0%	$1.9B-3.3%	$2.0B-23.3%	$2.6B-23.4%	$3.4B+56.5%	$2.2B+7.3%	$2.0B-30.4%	$2.9B+45.7%	$2.0B-21.0%	$2.5B-10.3%	$2.8B-39.9%	$4.7B+69.0%	$2.8B-13.1%	$3.2B+0.5%	$3.2B
Depreciation & Amortization	N/A	$1.4B+0.6%	$1.4B-1.4%	$1.4B-3.3%	$1.5B-3.1%	$1.5B-2.4%	$1.5B+1.4%	$1.5B+17.1%	$1.3B+11.7%	$1.2B-3.1%	$1.2B+0.9%	$1.2B-1.3%	$1.2B+19.8%	$1.0B+0.5%	$997.0M+4.2%	$957.0M
Stock-Based Compensation	N/A	$286.0M+4.8%	$273.0M+25.2%	$218.0M+24.6%	$175.0M-7.9%	$190.0M-8.2%	$207.0M+269.6%	$56.0M+9.8%	$51.0M+10.9%	$46.0M+9.5%	$42.0M-8.7%	$46.0M-20.7%	$58.0M+7.4%	$54.0M-22.9%	$70.0M-18.6%	$86.0M
Investing Cash Flow	-$1.3B	-$1.2B-67.1%	-$744.0M+25.6%	-$1.0B+26.2%	-$1.4B+4.5%	-$1.4B-8.3%	-$1.3B+30.7%	-$1.9B+34.5%	-$2.9B-68.8%	-$1.7B-146.7%	$3.7B+634.6%	-$685.0M+28.8%	-$962.0M+4.2%	-$1.0B+61.8%	-$2.6B-27.8%	-$2.1B
Financing Cash Flow	-$1.5B	-$1.7B-43.6%	-$1.2B-31.8%	-$883.0M+46.5%	-$1.6B+32.7%	-$2.5B-236.4%	-$729.0M-1451.1%	-$47.0M+97.6%	-$2.0B-22.8%	-$1.6B+69.5%	-$5.3B-102.9%	-$2.6B-1.4%	-$2.6B-25.4%	-$2.1B-1693.9%	-$115.0M+88.3%	-$980.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$566.0M+19.9%	$472.0M+33.3%	$354.0M
Share Buybacks	N/A	$163.0M-1.2%	$165.0M	N/A	$221.0M-19.3%	$274.0M+161.0%	$105.0M-88.8%	$940.0M-57.8%	$2.2B-9.2%	$2.5B-42.0%	$4.2B+30.9%	$3.2B+30.0%	$2.5B+63.8%	$1.5B+110.6%	$720.0M-7.7%	$780.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.7B+142.5%	$362.0M+139.7%	$1.1B+68.9%	$784.0M+12.2%	$708.0M+35.9%	$151.0M+57.3%	$623.0M-12.6%	$699.0M-3.2%
Depreciation & Amortization	$391.0M+15.0%	$357.0M+11.9%	$351.0M+4.8%	$337.0M-1.2%	$340.0M+0.9%	$319.0M-5.3%	$335.0M-2.9%	$341.0M+0.3%
Stock-Based Compensation	$135.0M+114.3%	$115.0M+113.0%	N/A	$99.0M+30.3%	$63.0M-4.5%	$54.0M-10.0%	N/A	$76.0M+33.3%
Investing Cash Flow	-$359.0M-19.3%	-$203.0M-23.0%	-$478.0M-130.9%	-$299.0M-50.3%	-$301.0M-95.5%	-$165.0M+10.3%	-$207.0M+10.0%	-$199.0M+22.0%
Financing Cash Flow	-$631.0M-115.4%	$59.0M+114.6%	-$652.0M-196.4%	-$324.0M+2.4%	-$293.0M+3.6%	-$403.0M-30.8%	-$220.0M+39.4%	-$332.0M+6.7%
Share Buybacks	N/A	N/A	$5.0M-83.3%	$25.0M-16.7%	$33.0M	$100.0M	$30.0M	$30.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

GLW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	36.0%+3.4pp	32.6%+1.4pp	31.2%-0.5pp	31.8%-4.2pp	35.9%+4.7pp	31.2%-3.8pp	35.1%-4.4pp	39.5%-0.2pp	39.7%-0.3pp	40.1%0.0pp	40.1%-1.6pp	41.7%-0.8pp	42.5%+1.1pp	41.4%-3.9pp	45.3%
Operating Margin	14.6%+5.9pp	8.6%+1.6pp	7.1%-3.1pp	10.1%-4.9pp	15.0%+10.5pp	4.5%-6.9pp	11.3%-2.6pp	14.0%-1.9pp	15.9%+0.7pp	15.2%+0.7pp	14.5%-5.4pp	19.9%+2.3pp	17.5%+2.8pp	14.7%-7.0pp	21.7%
Net Margin	10.2%+6.3pp	3.9%-0.8pp	4.6%-4.7pp	9.3%-4.3pp	13.5%+9.0pp	4.5%-3.8pp	8.3%-1.1pp	9.4%+14.3pp	-4.9%-44.3pp	39.4%+24.7pp	14.7%-10.8pp	25.4%+0.4pp	25.1%+4.7pp	20.4%-15.3pp	35.7%
Return on Equity	13.5%+8.8pp	4.7%-0.3pp	5.0%-5.9pp	11.0%-4.5pp	15.4%+11.6pp	3.9%-3.6pp	7.4%-0.3pp	7.7%+10.9pp	-3.2%-23.8pp	20.6%+13.5pp	7.1%-4.3pp	11.5%+2.2pp	9.3%+1.7pp	7.6%-5.8pp	13.4%
Return on Assets	5.1%+3.3pp	1.8%-0.2pp	2.0%-2.4pp	4.5%-1.9pp	6.3%+4.7pp	1.7%-1.7pp	3.3%-0.6pp	3.9%+5.7pp	-1.8%-15.0pp	13.2%+8.5pp	4.7%-3.5pp	8.2%+1.3pp	6.9%+1.3pp	5.6%-4.5pp	10.1%
Current Ratio	1.590.0x	1.620.0x	1.67+0.2x	1.44-0.2x	1.59-0.5x	2.120.0x	2.120.0x	2.12-0.6x	2.75-0.5x	3.29+0.4x	2.94-1.5x	4.41-0.7x	5.09+0.1x	4.96+0.8x	4.14
Debt-to-Equity	0.650.0x	0.640.0x	0.62+0.1x	0.560.0x	0.570.0x	0.590.0x	0.60+0.2x	0.43+0.1x	0.30+0.1x	0.200.0x	0.21+0.1x	0.150.0x	0.150.0x	0.160.0x	0.11
Asset Turnover	0.500.0x	0.470.0x	0.440.0x	0.480.0x	0.47+0.1x	0.370.0x	0.400.0x	0.410.0x	0.370.0x	0.340.0x	0.320.0x	0.320.0x	0.270.0x	0.270.0x	0.28

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	36.1%+0.1pp	36.9%+1.7pp	35.5%+1.3pp	37.1%+3.5pp	36.0%+6.9pp	35.2%+1.8pp	34.2%+3.8pp	33.5%+1.9pp
Operating Margin	15.5%+0.7pp	15.4%+2.5pp	15.9%+4.7pp	14.4%+5.5pp	14.8%+9.1pp	12.9%+4.3pp	11.2%+8.6pp	8.9%+1.5pp
Net Margin	12.4%+0.3pp	8.9%+4.4pp	12.8%+4.0pp	10.5%+13.9pp	12.1%+8.9pp	4.5%-2.5pp	8.8%+10.2pp	-3.5%-8.6pp
Return on Equity	4.5%+0.2pp	3.1%+1.7pp	4.6%+1.7pp	3.7%+4.8pp	4.2%+3.2pp	1.5%-0.4pp	2.9%+3.2pp	-1.1%-2.5pp
Return on Assets	1.7%+0.1pp	1.2%+0.6pp	1.7%+0.6pp	1.4%+1.8pp	1.6%+1.3pp	0.6%-0.2pp	1.1%+1.3pp	-0.4%-1.0pp
Current Ratio	1.81+0.3x	1.61-0.1x	1.590.0x	1.56-0.1x	1.50-0.1x	1.690.0x	1.620.0x	1.660.0x
Debt-to-Equity	0.620.0x	0.650.0x	0.650.0x	0.640.0x	0.600.0x	0.650.0x	0.640.0x	0.640.0x
Asset Turnover	0.140.0x	0.130.0x	0.140.0x	0.140.0x	0.130.0x	0.130.0x	0.130.0x	0.120.0x

Not reported in any period shown, so not listed: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Corning Incorporated GLW	FY2025	$15.6B	$1.6B	10.2%	$135.0B	47/100
TE Connectivity plc TEL	FY2025	$17.3B	$1.8B	10.7%	$63.2B	66/100
Amphenol Corporation APH	FY2025	$23.1B	$4.3B	18.5%	$215.1B	82/100
Jabil Inc. JBL	FY2025	$29.8B	$657.0M	2.2%	$32.1B	49/100
Celestica, Inc. CLS	FY2025	$12.4B	$832.5M	6.7%	$45.7B	64/100
Flex Ltd. FLEX	FY2026	$27.9B	$880.0M	3.1%	$44.3B	51/100

Where Corning Incorporated Ranks

Frequently Asked Questions

What is Corning Incorporated's annual revenue?

Corning Incorporated (GLW) reported $15.6B in total revenue for fiscal year 2025. This represents a 19.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Corning Incorporated's revenue growing?

Corning Incorporated (GLW) revenue grew by 19.1% year-over-year, from $13.1B to $15.6B in fiscal year 2025.

Is Corning Incorporated profitable?

Yes, Corning Incorporated (GLW) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 10.2%.

What is Corning Incorporated's EBITDA?

Corning Incorporated (GLW) had EBITDA of $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Corning Incorporated have?

As of fiscal year 2025, Corning Incorporated (GLW) had $1.5B in cash and equivalents against $7.6B in long-term debt.

What is Corning Incorporated's gross margin?

Corning Incorporated (GLW) had a gross margin of 36.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Corning Incorporated's operating margin?

Corning Incorporated (GLW) had an operating margin of 14.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Corning Incorporated's net profit margin?

Corning Incorporated (GLW) had a net profit margin of 10.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Corning Incorporated pay dividends?

Yes, Corning Incorporated (GLW) paid $1.12 per share in dividends during fiscal year 2025.

What is Corning Incorporated's return on equity (ROE)?

Corning Incorporated (GLW) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Corning Incorporated's operating cash flow?

Corning Incorporated (GLW) generated $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Corning Incorporated's total assets?

Corning Incorporated (GLW) had $31.0B in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Corning Incorporated spend on research and development?

Corning Incorporated (GLW) invested $800.0M in research and development during fiscal year 2025.

Does Corning Incorporated buy back shares?

Yes, Corning Incorporated (GLW) spent $163.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Corning Incorporated have outstanding?

Corning Incorporated (GLW) had 858M shares outstanding as of fiscal year 2025.

What is Corning Incorporated's current ratio?

Corning Incorporated (GLW) had a current ratio of 1.59 as of fiscal year 2025, which is generally considered healthy.

What is Corning Incorporated's debt-to-equity ratio?

Corning Incorporated (GLW) had a debt-to-equity ratio of 0.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Corning Incorporated's return on assets (ROA)?

Corning Incorporated (GLW) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Corning Incorporated's P/E ratio?

Corning Incorporated (GLW) trades at 71.0x earnings, its market capitalization divided by net income of $1.9B net income, trailing 12 months to June 30, 2026. The market capitalization is $135.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Corning Incorporated's price-to-sales ratio?

Corning Incorporated (GLW) trades at 8.0x sales, its market capitalization divided by revenue of $17.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $135.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Corning Incorporated's Altman Z-Score?

Corning Incorporated (GLW) has an Altman Z-Score of 5.96, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Corning Incorporated's Piotroski F-Score?

Corning Incorporated (GLW) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Corning Incorporated's earnings high quality?

Corning Incorporated (GLW) has an earnings quality ratio of 1.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Corning Incorporated cover its interest payments?

Corning Incorporated (GLW) has an interest coverage ratio of 6.78x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Corning Incorporated?

Corning Incorporated (GLW) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.