Corning Incorporated (GLW) Financial Statements
Historical financial data — 39 statements covering FY2016–FY2025
Corning is a provider of glass, ceramics, and optical fiber across six distinct end markets. Corning's largest segments by revenue are display glass for TVs and optical fiber for telecom networks a...
Corning Incorporated's revenue increased 19.1% year over year, from $13.12B to $15.63B.
Net income increased 215.4% over the same period, from $506.0M to $1.60B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 66% in total.
Total debt increased by 16.3% to $8.40B.
The debt-to-equity ratio stands at 0.71, indicating a moderate leverage profile.
Operating cash flow grew 39.0% to $2.69B.
Corning Incorporated maintains a healthy net profit margin of 10.2%.
Recent Financial Statements
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2023 | $9.59B+49.4% | $621.0M | $3.02B | $812.0M | $1.29B | $28.28B | $7.50B | $11.43B |
| Q1 FY2024 | $2.98B-69.0% | $209.0M | $993.0M | $254.0M | $96.0M | $27.62B | $7.42B | $11.23B |
| Q2 FY2024 | $6.23B+109.3% | $313.0M | $1.94B | $440.0M | $617.0M | $27.18B | $7.28B | $10.59B |
| Q3 FY2024 | $9.62B+54.5% | $196.0M | $3.08B | $742.0M | $1.32B | $28.32B | $7.43B | $11.10B |
| Q1 FY2025 | $3.45B-64.1% | $157.0M | $1.21B | $445.0M | $151.0M | $27.39B | $7.28B | $10.72B |
| Q2 FY2025 | $7.31B+111.9% | $626.0M | $2.61B | $1.02B | $859.0M | $28.75B | $7.49B | $11.12B |
| Q3 FY2025 | $11.41B+56.1% | $1.06B | $4.13B | $1.61B | $1.64B | $29.92B | $8.21B | $11.54B |
| Q1 FY2026 | $4.14B-63.7% | $371.0M | $1.53B | $639.0M | $362.0M | $31.25B | $8.96B | $11.81B |
Balance Sheet Summary (Latest Period)
Total Assets
$30.98B
Total Liabilities
$18.67B
Total Equity
$11.81B
Cash & Equivalents
$1.53B
Total Debt
$8.40B
Current Assets
$8.94B
Current Liabilities
$5.63B
Retained Earnings
$16.55B