Corning Incorporated (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	10,005	8,631	8,374	9,346	8,939
Gross Profit	5,624	4,487	4,214	4,843	5,143
Selling, General & Admin	2,108	1,890	1,829	1,835	1,727
Research & Development	1,110	1,089	1,076	1,047	994
Amortization of Goodwill & Intangibles	110	121	122	123	129
Operating Expenses	3,328	3,100	3,027	3,005	2,850
Operating Income	2,296	1,387	1,187	1,838	2,293
Interest Expense	-336	-329	-329	-292	-300
Interest & Investment Income	38	47	38	15	11
Currency Exchange Gain (Loss)	150	-13	184	394	391
Other Non Operating Income (Expenses)	-68	114	38	183	172
EBT Excluding Unusual Items	2,080	1,206	1,118	2,138	2,567
Merger & Restructuring Charges	15	-211	-283	-337	-110
Gain (Loss) on Sale of Assets	-11	-176	-	-	-
Other Unusual Items	-32	-6	-19	-4	-31
Pretax Income	2,052	813	816	1,797	2,426
Income Tax Expense	310	221	168	411	491
Earnings From Continuing Operations	1,742	592	648	1,386	1,935
Minority Interest in Earnings	-146	-86	-67	-70	-29
Net Income	1,596	506	581	1,316	1,906
Preferred Dividends & Other Adjustments	-	-	-	-	827
Net Income to Common	1,596	506	581	1,316	1,079
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 Per Share	1.62	1.12	0.72	1.18	2.10
Dividend Per Share	1.120	1.120	1.120	1.080	0.960
Dividend Growth	-	-	3.70%	12.50%	9.09%
Gross Margin	35.98%	34.21%	33.48%	34.13%	36.52%
Operating Margin	14.69%	10.57%	9.43%	12.95%	16.28%
Profit Margin	10.21%	3.86%	4.62%	9.28%	7.66%
Free Cash Flow Margin	9.04%	7.42%	4.89%	7.12%	12.61%
EBITDA	3,643	2,737	2,556	3,290	3,774
EBITDA Margin	23.31%	20.86%	20.30%	23.19%	26.80%
D&A For EBITDA	1,347	1,350	1,369	1,452	1,481
EBIT	2,296	1,387	1,187	1,838	2,293
EBIT Margin	14.69%	10.57%	9.43%	12.95%	16.28%
Effective Tax Rate	15.11%	27.18%	20.59%	22.87%	20.24%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q