Corning Incorporated (SWX:GLW)

Corning Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	15,629	13,118	12,588	14,189	14,082
Revenue Growth (YoY)	19.14%	4.21%	-11.28%	0.76%	24.59%
Cost of Revenue	10,008	8,842	8,657	9,683	9,019
Gross Profit	5,621	4,276	3,931	4,506	5,063
Selling, General & Admin	2,122	1,931	1,843	1,898	1,827
Depreciation & Amortization Expenses	110	121	122	123	129
Research & Development	1,110	1,089	1,076	1,047	995
Operating Income	2,279	1,135	890	1,438	2,112
Interest Income	38	47	38	15	11
Interest Expense	-336	-329	-329	-292	-300
Other Non-Operating Income (Expense)	71	-40	217	636	603
Total Non-Operating Income (Expense)	-227	-322	-74	359	314
Pretax Income	2,052	813	816	1,797	2,426
Provision for Income Taxes	310	221	168	411	491
Net Income	1,596	506	581	1,316	1,906
Minority Interest in Earnings	146	86	67	70	29
Net Income to Common	1,596	506	581	1,316	1,906
Net Income Growth	215.41%	-12.91%	-55.85%	-30.95%	272.27%
Shares Outstanding (Basic)	855	853	848	843	828
Shares Outstanding (Diluted)	871	869	859	857	844
Shares Change (YoY)	0.23%	1.16%	0.23%	1.54%	9.33%
EPS (Basic)	1.87	0.59	0.69	1.56	1.30
EPS (Diluted)	1.83	0.58	0.68	1.54	1.28
EPS Growth	215.52%	-14.71%	-55.84%	20.31%	137.04%
Free Cash Flow	1,413	974	615	1,011	1,775
Free Cash Flow Growth	45.07%	58.37%	-39.17%	-43.04%	121.05%
Free Cash Flow Per Share	1.62	1.12	0.72	1.18	2.10
Dividends Per Share	1.120	1.120	1.120	1.080	0.960
Dividend Growth	-	-	3.70%	12.50%	9.09%
Gross Margin	35.97%	32.60%	31.23%	31.76%	35.95%
Operating Margin	14.58%	8.65%	7.07%	10.13%	15.00%
Profit Margin	11.15%	4.51%	5.15%	9.77%	13.74%
FCF Margin	9.04%	7.42%	4.89%	7.13%	12.60%
EBITDA	3,626	2,485	2,259	2,890	3,593
EBITDA Margin	23.20%	18.94%	17.95%	20.37%	25.51%
EBIT	2,279	1,135	890	1,438	2,112
EBIT Margin	14.58%	8.65%	7.07%	10.13%	15.00%
Effective Tax Rate	15.11%	27.18%	20.59%	22.87%	20.24%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.