Corning Inc (GLW) is a publicly traded company in the Technology — Hardware, Equipment & Parts industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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.
Analysis Summary
Corning Inc reported revenue of $15.63B in the most recent fiscal year, growing at a 5-year CAGR of 6.7%. Net income reached $1.60B, with a 25.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 36.3%, operating margin 15.5%, net margin 11.2%. Free cash flow grew at 12.0% CAGR over 5 years.
At the current price of $144.23, GLW trades at a P/E of 65.26 and an ROE of 15.93%. Market capitalisation stands at $124.2B, placing it among large-cap names.
Balance sheet quality for GLW: current ratio of 1.6, net debt of $8.70B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is decent: free cash flow of $1.41B represents 89% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $144.23 |
| Market Cap | $124.2B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 65.26 |
| Price / Book | 9.88 |
| EV / EBITDA | 33.62 |
| Dividend Yield | 0.78% |
Profitability
| Return on Equity | 15.93% |
| Return on Invested Capital | 8.17% |
| Return on Assets | 5.77% |
| Gross Margin | 36.32% |
| Operating Margin | 15.47% |
| Net Margin | 11.20% |
Financial Health
| Debt / Equity | 0.75 |
| Current Ratio | 1.81 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 4.05 |
What to look at in Technology companies
- Revenue growth 3y (>=15%/year) — Validates sustained traction, not a one-off.
- Gross margin (Sub-sector dependent) — SaaS >=70%, Internet >=55%, Semis >=45%, Hardware >=35%.
- FCF / Revenue (>=20%) — Real cash generated. Many tech firms dress up non-GAAP earnings.
- ROIC (>=15%) — Capital reinvested efficiency — Buffett's first metric.
- SBC / Revenue (<10% healthy) — Stock-based compensation. Silent dilution: >20% destroys value.
- Net Debt / EBITDA (<=2x (1.5x SaaS)) — Resilience in downturns and rate hikes.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| GLW | Corning Inc | $124.2B | 65.26 | 9.88 | 15.9% |
| FTNT | Fortinet, Inc. | $114.5B | 60.27 | 81.78 | 187.9% |
| ADSK | Autodesk, Inc. | $47.8B | 28.39 | 13.74 | 52.5% |
| MSTR | Strategy Inc | $41.7B | 0.98 | -60.8% | |
| MSI | Motorola Solutions, Inc. | $76.4B | 36.34 | 28.95 | 85.8% |
| KEYS | Keysight Technologies, Inc. | $55.0B | 41.76 | 7.98 | 20.1% |
| INFY | Infosys Limited | $45.0B | 13.17 | 4.57 | 33.0% |
| CLS | Celestica Inc. | $39.8B | 33.16 | 14.95 | 50.7% |
Price Performance
| 1 month | -9.84% |
| 3 months | -26.04% |
| Year-to-date | +64.64% |
| 1 year | +87.51% |
| 3 years | +356.64% |
| 5 years | +275.51% |
52-Week Range
| 52-week High | $271.78 |
| 52-week Low | $76.15 |
| Avg Volume (90d) | 13.4M |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-08-31 | $0.2800 | 0.78% |
| 2026-05-29 | $0.2800 | 0.78% |
| 2026-02-27 | $0.2800 | 0.78% |
| 2025-11-14 | $0.2800 | 0.78% |
| 2025-08-29 | $0.2800 | 0.78% |
| 2025-05-30 | $0.2800 | 0.78% |
| 2025-02-28 | $0.2800 | 0.78% |
| 2024-11-15 | $0.2800 | 0.78% |
| 2024-08-30 | $0.2800 | 0.78% |
| 2024-05-31 | $0.2800 | 0.78% |
Related companies: ADSK · CLS · FTNT · INFY · KEYS · MSI · MSTR
Explore sector: Technology · Hardware, Equipment & Parts
More sections of GLW: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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