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 and data centers.
It is a $135B industrial company. Revenue grew 19.4% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~2.9 years of free cash flow. It trades at 71.0× earnings — around the middle of its own history.
- Website
- corning.com
- Location
- Corning, NY
- Employees
- 67 200
- Sector
- Industrials
- Founded
- 1851
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Valuation and Moat lag behind.
Valuation22
- P/E vs own history66th pct · 5/25
- FCF yield1.8% · 5/25
- P/S8.0x · 12/25
- EV/EBITDA52.2x · 0/25
Growth51
- Revenue CAGR2.6% · 6/25
- Net income CAGR-4.3% · 0/25
- EPS CAGR ~5Y11.3% · 20/25
- Fwd implied growth79.5% · 25/25
Profitability72
- ROIC8.5% · 12/25
- ROE15.9% · 20/25
- Net margin11.2% · 20/25
- Operating margin15.3% · 20/25
Health55
- Altman Zn/a · 0/25
- Current ratio1.81 · 18/25
- Interest coverage14.9x · 25/25
- Net cash / debtD/A 22% · 12/25
Quality97
- Piotroski F7/9 · 22/25
- Beneish M-2.57 · 25/25
- FCF conversion126% · 25/25
- Margin stabilityσ 4.9% · 25/25
Moat43
- ROIC >12% years0/10 yrs · 0/25
- Median gross margin35.5% · 13/25
- FCF-positive years6/6 yrs · 25/25
- Worst-year net marginworst -4.9% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2017FinancialRevenue crossed $10B$10.1B for the year
- FY2016FinancialFirst recorded profitable year$3.69B net income
- FY2016FinancialRevenue already above $1B$9.39B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- FY2016FinancialBest year on record$3.69B net income
- 1998MilestoneThe kitchenware division of Corning Inc. responsible for the development of Pyrex spun off from its parent…
- 1982AcquisitionCorning purchased a 6.5 percent stake in Genentech and
- 1971MilestoneCorning terminated its windshield project in 1971, after it turned out to be one of the company's "biggest and most…
- 1968ProductPlymouth Barracudas and Dodge Darts, Chemcor…
- 1962ProductCorning developed Chemcor, a new toughened automobile windshield designed to be thinner and lighter than…
- 1938IPOThey spun off Owens Corning as an independent company in 1938
- 1915ProductCorning created an improved heat resistant glass formula and launched Pyrex, the first-ever consumer…
- 1851FoundedFounded in 1851, the company was called Corning Glass Works for most of its history
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 19.4% year over year
- Interest covered 14.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+19.4% YoY
- Profitable — makes more than it spends$1.90B TTM
- Profit growing — earnings are higher than last year+6.1% YoY
- Generates cash — cash left after running and investing$2.40B TTM
- Debt under control — could handle its obligations~2.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$135B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.8% shares over ~5y
- Proven track record — years of profitability behind it9/10 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 0.73%
- Valuation not extreme — price not wildly above earningsP/E 71.0
Peer comparisonCorning Incorporated vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| GLW this company | $134.7B | 71.0 | +19.4% | 11.2% | Mixed |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: GLW vs LRCX · GLW vs CAT · GLW vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/GLW
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of GLW on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $156.35 · market cap $135B.