15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.7% per year over the past 5 years.
Net income has grown faster than revenue (25.5% vs 6.7% per year).
Operating margin has expanded, at 14.6% in the latest year.
Financial health
Total debt has grown faster than revenue (44.6% vs 6.7% per year).
Operating income covered interest expense 6.8× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$15.6B
$1.6B
36.0%
14.6%
13.5%
5.2%
—
—
$1.5B
2024
$13.1B
$506M
32.6%
8.7%
4.7%
1.8%
—
—
$1.8B
2023
$12.6B
$581M
31.2%
7.1%
5.0%
2.0%
—
—
$1.8B
2022
$14.2B
$1.3B
31.8%
10.1%
11.0%
4.5%
—
—
—
2021
$14.1B
$1.9B
36.0%
15.0%
15.5%
6.3%
—
—
—
2020
$11.3B
$512M
31.2%
4.5%
3.9%
1.7%
—
—
—
2019
$11.5B
$960M
35.1%
11.4%
7.4%
3.3%
—
—
—
2018
$11.3B
$1.1B
39.5%
14.0%
7.7%
3.9%
—
—
$2.4B
2017
$10.1B
-$497M
39.7%
15.9%
-3.2%
-1.8%
—
—
$4.3B
2016
$9.4B
$3.7B
40.1%
15.2%
20.7%
13.2%
—
—
$5.3B
2015
—
$1.3B
—
—
7.1%
4.7%
—
—
$4.5B
2014
—
$2.5B
—
—
11.5%
8.2%
—
—
$5.3B
2013
—
$2.0B
—
—
9.3%
6.9%
—
—
$4.7B
2012
—
$1.6B
—
—
7.6%
5.6%
—
$3.5B
$5.0B
2011
—
$2.8B
—
—
13.4%
10.1%
—
$2.4B
$4.7B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$4.9B
$680M
37.3%
18.8%
5.0%
2.0%
—
—
$2.5B
Jun '26
$4.5B
$559M
36.1%
15.5%
4.5%
1.7%
—
—
$2.5B
Mar '26
$4.1B
$371M
36.9%
15.4%
3.1%
1.2%
—
—
$1.8B
Dec '25
$4.2B
$540M
35.5%
15.9%
4.6%
1.7%
—
—
$1.5B
Sep '25
$4.1B
$430M
37.1%
14.4%
3.7%
1.4%
—
—
$1.6B
Jun '25
$3.9B
$469M
36.0%
14.8%
4.2%
1.6%
—
—
$1.5B
Mar '25
$3.5B
$157M
35.2%
12.9%
1.5%
0.6%
—
—
$1.4B
Dec '24
$3.5B
$310M
34.2%
11.2%
2.9%
1.1%
—
—
$1.8B
Sep '24
$3.4B
-$117M
33.5%
8.9%
-1.1%
-0.4%
—
—
—
Jun '24
$3.3B
$104M
29.2%
5.7%
1.0%
0.4%
—
—
—
Mar '24
$3.0B
$209M
33.4%
8.5%
1.9%
0.8%
—
—
—
Dec '23
$3.0B
-$40M
30.4%
2.6%
-0.3%
-0.1%
—
—
$1.8B
Sep '23
$3.2B
$164M
31.6%
7.4%
1.4%
0.6%
—
—
—
Jun '23
$3.2B
$281M
31.2%
8.6%
2.5%
1.0%
—
—
—
Mar '23
$3.2B
$176M
31.6%
9.3%
1.5%
0.6%
—
—
—
Dec '22
$3.4B
-$36M
26.9%
2.5%
-0.3%
-0.1%
—
—
—
Sep '22
$3.5B
$208M
30.4%
8.4%
1.8%
0.7%
—
—
—
Jun '22
$3.6B
$563M
34.5%
13.6%
4.8%
1.9%
—
—
—
Mar '22
$3.7B
$581M
34.9%
15.5%
4.7%
1.9%
—
—
—
Dec '21
$3.7B
$487M
34.6%
13.1%
3.9%
1.6%
—
—
—
Valuation over time
How the market has priced GLW against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 23.1× (Mar '23) to 66.6× (Nov '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 6.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is GLW growing its revenue and profit?
Over the past 5 years, Corning's revenue has grown 6.7% per year, and net income grown 25.5% per year. These are computed facts, not advice.
How much debt does GLW have?
As of FY2025, Corning reported — of total debt against $1.5B of cash; operating income covered interest expense 6.8×.
What is GLW's profit margin?
In FY2025, gross margin was 36.0%, operating margin 14.6%, and net margin 10.2%.
What is GLW's P/E ratio?
Corning's P/E (TTM) is 49.45 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GLW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 66.6× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.