Corning Incorporated
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 14.08B | 14.19B | 12.59B | 13.12B | 15.63B | 19.1% | |
| Cost of Revenue | (9.02B) | (9.68B) | (8.66B) | (8.84B) | (10.12B) | 14.4% | |
Gross Profit | 5.06B | 4.51B | 3.93B | 4.28B | 5.51B | 29.0% | |
| Operating Expenses | |||||||
| Research & Development | (995.00M) | (1.05B) | (1.08B) | (1.09B) | (1.11B) | 1.9% | |
| Selling, General & Administrative | (1.83B) | (1.90B) | (1.84B) | (1.93B) | (2.07B) | 7.4% | |
| Depreciation & Amortization | (1.48B) | (1.45B) | (1.37B) | (1.35B) | (1.35B) | -0.2% | |
Operating Income (EBIT) | 2.11B | 1.44B | 890.00M | 1.14B | 2.33B | 105.4% | |
| Non-Operating Items | |||||||
| Interest Income | 11.00M | 15.00M | 38.00M | 47.00M | 38.00M | -19.1% | |
| Interest Expense | (300.00M) | (292.00M) | (329.00M) | (329.00M) | (336.00M) | 2.1% | |
| Other Income/Expenses (Net) | 314.00M | 359.00M | -74.00M | -322.00M | -279.00M | -13.4% | |
Income Before Tax | 2.43B | 1.80B | 816.00M | 813.00M | 2.05B | 152.4% | |
| Income Tax Expense | (491.00M) | (411.00M) | (168.00M) | (221.00M) | (310.00M) | 40.3% | |
Net Income | 1.91B | 1.32B | 581.00M | 506.00M | 1.60B | 215.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $1 | $2 | $1 | $1 | $2 | 215.3% | |
| Weighted Avg Shares Outstanding | 828.00M | 843.00M | 848.00M | 853.00M | 860.00M | 0.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 844.00M | 857.00M | 859.00M | 869.00M | 860.00M | -1.0% | |
EBITDA | 4.21B | 3.54B | 2.51B | 2.49B | 3.73B | 49.9% |
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