GLW · NYSE · Technology
Corning Incorporated (GLW) — Rank #376 by gross profitability (GP/assets 0.17) · ROE 12.7% · Piotroski F-Score N/A.
As-of 2026-10-30 · CIK 0000024741 · all metrics point-in-time as of the filing date.
About
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.
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The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989.
Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
- Industry
- Electronic Components
- Sector
- Technology
- State
- NY
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- corning.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
67,200
Industry
Electronic Components
Exchange
NYSE
9/10
Flags passed
GLW fails 1 critical flag
Passes 9 of 10 quality flags
- FAILBalance sheet deteriorating
Net cash collapsed with receivables or inventory outpacing revenue
- PASSGross margin holding
- PASSDilution within 2%
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSPasses safety gate
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)
No data FCF vs investment · Free cash flow — not counted as a pass.
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
1/1 passGrowth
2/2 passOperating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 0.17
Gross profitability (GP / assets)
0.17
Primary signal (Novy-Marx).
4th of 6 SIC 33 peers
Return on equity
12.7%
Gross margin
36.0%
1st of 6 SIC 33 peers
Revenue growth (YoY)
19.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
3.3%
Revenue CAGR (5Y)
6.7%
Earnings CAGR (3Y)
6.6%
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No data
Free cash flow
—
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
—
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.8%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Warning: Balance sheet deteriorating · net cash $1.84B
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.51
5th of 6 SIC 33 peers (best = lowest)
Current ratio
1.81×
6th of 6 SIC 33 peers
Quick ratio
0.90×
Net cash
$1.84B
Cash & equivalents minus total debt.
Piotroski F-Score
N/A
Only 8/9 components determinable.
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
2.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports