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Corning Incorporated Income Statement 2025-2011 | GLW
Brief overview of financial results at Corning Incorporated
The conclusions below are based on five years of reported results. According to figures from Corning Incorporated, revenue changed from 11.3 billion dollars to 15.6 billion dollars over five years. The total change was +38.3%, with a CAGR of approximately 6.7%. This represents moderate business growth.
Gross profit changed from $3.5 billion to $5.6 billion (+59.2%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. The gross margin was 31.2% at the start and 36% at the end. The margin shift points to a more favorable sales-and-cost structure.
EBITDA was $1.9 billion at the beginning and $3.5 billion at the end of the period (+84.3%). The operating result outpaced sales and points to improving efficiency. Comparing the endpoints gives EBITDA margins of 16.9% and 22.5%. The company improved its ability to convert sales into EBITDA.
Over the period, net income shifted from 512 million dollars to 1.6 billion dollars (+211.7%). The final result improved faster than the scale of the business.
The five-year change in capitalization reached +303%: from 28.2 billion dollars to 114 billion dollars. Capitalization moved ahead of the business fundamentals.
Conclusion
The results point to consistent and sustainable progress. The strongest signals are positive operating leverage, a larger revenue base and improving gross profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Corning Incorporated
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
114 B | 44.4 B | 27.3 B | 30 B | 33.2 B | 28.2 B | 21.5 B | 27.4 B | 28.9 B | 27.2 B | 22.7 B | 31 B | 25.2 B | 17.9 B | 19.7 B |
Shares |
855 M | 853 M | 848 M | 843 M | 828 M | 761 M | 776 M | 816 M | 895 M | 1.02 B | 1.22 B | 1.3 B | 1.45 B | 1.49 B | 1.56 B |
Historical Prices |
133 | 52.1 | 32.2 | 35.6 | 40.1 | 37.1 | 22.4 | 31.9 | 26 | 24.2 | 15.6 | 20.3 | 15.7 | 10 | 10.1 |
Net Income |
1.6 B | 506 M | 581 M | 1.32 B | 1.91 B | 512 M | 960 M | 1.07 B | -497 M | 3.7 B | 1.34 B | 2.47 B | 1.96 B | 1.73 B | 2.8 B |
Revenue |
15.6 B | 13.1 B | 12.6 B | 14.2 B | 14.1 B | 11.3 B | 11.5 B | 11.3 B | 10.1 B | 9.39 B | 9.11 B | 9.72 B | 7.82 B | 8.01 B | 7.89 B |
Cost of Revenue |
10 B | 8.84 B | 8.66 B | 9.68 B | 9.02 B | 7.77 B | 7.47 B | 6.83 B | 6.1 B | 5.63 B | 5.46 B | 5.66 B | 4.5 B | 4.69 B | 4.31 B |
Gross Profit |
5.62 B | 4.28 B | 3.93 B | 4.51 B | 5.06 B | 3.53 B | 4.04 B | 4.46 B | 4.03 B | 3.75 B | 3.65 B | 4.05 B | 3.32 B | 3.4 B | 3.57 B |
Operating Income |
2.28 B | 1.14 B | 890 M | 1.44 B | 2.11 B | 509 M | 1.31 B | 1.58 B | 1.61 B | 1.42 B | 1.32 B | 1.93 B | 1.37 B | 1.18 B | 1.71 B |
Interest Expense |
-79 M | -123 M | 56 M | 285 M | 249 M | -74 M | -155 M | -216 M | -81 M | -117 M | -96 M | 25 M | 45 M | 83 M | 118 M |
EBITDA |
3.52 B | 2.36 B | 2.14 B | 2.77 B | 3.46 B | 1.91 B | 1.42 B | 1.67 B | 1.7 B | 1.53 B | 1.36 B | 2.03 B | 1.54 B | 1.57 B | 1.86 B |
Operating Expenses |
- | - | - | - | - | - | 2.73 B | 2.89 B | 2.4 B | 2.28 B | 2.35 B | 2.06 B | 1.81 B | 1.85 B | 1.72 B |
General and Administrative Expenses |
2.12 B | 1.93 B | 1.84 B | 1.9 B | 1.83 B | 1.75 B | 1.58 B | 1.8 B | 1.47 B | 1.47 B | 1.52 B | 1.21 B | 1.13 B | 1.16 B | 1.03 B |
All numbers in USD currency
Quarterly Income Statement Corning Incorporated
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
856 M | 855 M | 855 M | 854 M | 853 M | 852 M | 850 M | 848 M | 844 M | - | 843 M | 843 M | 843 M | - | 852 M | 844 M | 766 M | - | 760 M | 759 M | 760 M | - | 775 M | 781 M | 784 M | - | 805 M | 819 M | 848 M | - | 883 M | 908 M | 925 M | - | 978 M | 1.06 B | 1.1 B | - | 1.21 B | 1.25 B | 1.27 B | - | 1.28 B | 1.3 B | 1.36 B | - | 1.45 B | 1.47 B | 1.47 B | - | 1.48 B | 1.51 B | 1.52 B | - | 1.57 B | 1.57 K | 1.56 B |
Net Income |
430 M | 469 M | 157 M | -117 M | 104 M | 209 M | 164 M | 281 M | 176 M | - | 208 M | 563 M | 603 M | - | 371 M | 454 M | 601 M | - | 427 M | -71 M | -96 M | - | 337 M | 92 M | 499 M | 292 M | 625 M | 738 M | -589 M | -1.41 B | 390 M | 439 M | 86 M | 1.57 B | 284 M | 2.21 B | -368 M | 224 M | 212 M | 496 M | 407 M | 988 M | 1.01 B | 169 M | 301 M | 421 M | 408 M | 638 M | 494 M | 155 M | 533 M | 474 M | 474 M | - | 811 M | 755 M | 748 M |
Revenue |
4.1 B | 3.86 B | 3.45 B | 3.39 B | 3.25 B | 2.98 B | 3.17 B | 3.24 B | 3.18 B | - | 3.49 B | 3.62 B | 3.68 B | - | 3.62 B | 3.5 B | 3.29 B | - | 3 B | 2.56 B | 2.39 B | - | 2.93 B | 2.94 B | 2.81 B | 3.04 B | 3.01 B | 2.75 B | 2.5 B | 2.64 B | 2.61 B | 2.5 B | 2.38 B | 165 M | 19 M | 41 M | 59 M | 104 M | 39 M | 62 M | 94 M | 23 M | 95 M | 62 M | 86 M | 70 M | 138 M | 166 M | 173 M | 93 M | 240 M | 259 M | 218 M | - | 324 M | 428 M | 398 M |
Cost of Revenue |
2.58 B | 2.47 B | 2.24 B | 2.25 B | 2.3 B | 1.98 B | 2.17 B | 2.23 B | 2.18 B | - | 2.43 B | 2.37 B | 2.4 B | - | 2.29 B | 2.19 B | 2.13 B | - | 2 B | 1.8 B | 1.83 B | - | 1.92 B | 1.88 B | 1.71 B | - | 1.78 B | 1.68 B | 1.54 B | - | 1.56 B | 1.51 B | 1.42 B | - | 1.47 B | 1.41 B | 1.28 B | - | 1.38 B | 1.37 B | 1.34 B | - | 1.45 B | 1.45 B | 1.35 B | 1.19 B | 1.17 B | 1.1 B | 1.04 B | 1.35 B | 1.15 B | 1.1 B | 1.1 B | - | 1.1 B | 1.12 B | 1.05 B |
Gross Profit |
1.52 B | 1.39 B | 1.21 B | 1.14 B | 949 M | 993 M | 1 B | 1.01 B | 1 B | - | 1.06 B | 1.25 B | 1.28 B | - | 1.32 B | 1.32 B | 1.16 B | - | 1 B | 756 M | 561 M | - | 1.02 B | 1.06 B | 1.1 B | 1.2 B | 1.23 B | 1.07 B | 955 M | 1.03 B | 1.05 B | 987 M | 951 M | 990 M | 1.04 B | 951 M | 764 M | 857 M | 892 M | 975 M | 929 M | 996 M | 1.09 B | 1.03 B | 935 M | 770 M | 901 M | 883 M | 770 M | 798 M | 889 M | 808 M | 824 M | - | 978 M | 889 M | 874 M |
Operating Income |
589 M | 573 M | 445 M | 302 M | 186 M | 254 M | 236 M | 279 M | 297 M | - | 292 M | 490 M | 570 M | - | 552 M | 575 M | 502 M | - | 257 M | -103 M | -121 M | - | 365 M | 374 M | 420 M | - | 522 M | 395 M | 194 M | - | 442 M | 385 M | 413 M | - | 535 M | 247 M | 177 M | - | 392 M | 431 M | 412 M | - | 620 M | 460 M | 315 M | 184 M | 439 M | 424 M | 324 M | 79 M | 411 M | 328 M | 361 M | - | 587 M | 424 M | 460 M |
Interest Expense |
-4 M | -42 M | -34 M | -166 M | 33 M | 74 M | 33 M | 87 M | 8 M | - | 106 M | 133 M | 152 M | - | 23 M | 7 M | 125 M | - | -62 M | 2 M | -11 M | - | -15 M | -35 M | -9 M | - | 12 M | 14 M | -37 M | - | 7 M | -22 M | -10 M | - | -28 M | -26 M | -16 M | - | -32 M | -21 M | -30 M | - | -45 M | -18 M | 30 M | - | -1 M | 265 M | 65 M | - | 5 M | 8 M | 29 M | - | 27 M | 43 M | 27 M |
EBITDA |
616 M | 601 M | 736 M | 333 M | 216 M | 561 M | 266 M | 310 M | 607 M | - | 323 M | 520 M | 912 M | - | 1.56 B | 608 M | 832 M | - | 1.3 B | 577 M | 235 M | - | 1.39 B | 402 M | 726 M | - | 1.42 B | 999 M | 498 M | - | 1.24 B | 908 M | 673 M | - | 1.38 B | 808 M | 458 M | - | 1.23 B | 993 M | 691 M | - | 1.5 B | 1.04 B | 604 M | 184 M | 1.17 B | 914 M | 572 M | 79 M | 1.13 B | 801 M | 596 M | - | 1.29 B | 882 M | 686 M |
General and Administrative Expenses |
624 M | 515 M | 471 M | 510 M | 471 M | 451 M | 468 M | 440 M | 421 M | - | 461 M | 486 M | 434 M | - | 486 M | 465 M | 400 M | - | 480 M | 401 M | 395 M | - | 369 M | 414 M | 401 M | - | 439 M | 412 M | 501 M | - | 375 M | 378 M | 319 M | - | 302 M | 499 M | 303 M | - | 307 M | 337 M | 316 M | - | 261 M | 322 M | 397 M | 332 M | 265 M | 266 M | 259 M | 356 M | 289 M | 286 M | 273 M | - | 216 M | 284 M | 250 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Corning Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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