Corning Inc (GLW) — Financial statements
Income statement, balance sheet, and cash flow for Corning Inc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 15,629↑19.1% | 13,118↑4.2% | 12,588↓11.3% | 14,189↑0.8% | 14,082 | |
| Cost of Revenue | 10,115↑14.4% | 8,842↑2.1% | 8,657↓10.6% | 9,683↑7.4% | 9,019 | |
| Gross Profit | 5,514↑29.0% | 4,276↑8.8% | 3,931↓12.8% | 4,506↓11.0% | 5,063 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,110↑1.9% | 1,089↑1.2% | 1,076↑2.8% | 1,047↑5.2% | 995 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,073↑7.4% | 1,931↑4.8% | 1,843↓2.9% | 1,898↑3.9% | 1,827 | |
| Other Expenses | 0.00↓100.0% | 121↓0.8% | 122↓0.8% | 123↓4.7% | 129 | |
| Operating Expenses | 3,183↑1.3% | 3,141↑3.3% | 3,041↓0.9% | 3,068↑4.0% | 2,951 | |
| Total Costs & Expenses | 13,298↑11.0% | 11,983↑2.4% | 11,698↓8.3% | 12,751↑6.5% | 11,970 | |
| Operating Results | ||||||
| Operating Income | 2,331↑105.4% | 1,135↑27.5% | 890↓38.1% | 1,438↓31.9% | 2,112 | |
| Depreciation & Amortization | 1,347↓0.2% | 1,350↓1.4% | 1,369↓5.7% | 1,452↓2.0% | 1,481 | |
| EBITDA | 3,735↑49.9% | 2,492↓0.9% | 2,514↓29.0% | 3,541↓15.8% | 4,207 | |
| EBIT | 2,388↑109.1% | 1,142↓0.3% | 1,145↓45.2% | 2,089↓23.4% | 2,726 | |
| Interest & Other Income | ||||||
| Net Interest Income | -298↓5.7% | -282↑3.1% | -291↓5.1% | -277↑4.2% | -289 | |
| Interest Income | 38↓19.1% | 47↑23.7% | 38↑153.3% | 15↑36.4% | 11 | |
| Interest Expense | 336↑2.1% | 329↑0.0% | 329↑12.7% | 292↓2.7% | 300 | |
| Non-Operating Income | -57↓714.3% | -7↑97.3% | -255↑60.8% | -651↓6.0% | -614 | |
| Other Income / Expenses | -279↑13.4% | -322↓335.1% | -74↓120.6% | 359↑14.3% | 314 | |
| Income Before Tax | 2,052↑152.4% | 813↓0.4% | 816↓54.6% | 1,797↓25.9% | 2,426 | |
| Income Tax Expense | 310↑40.3% | 221↑31.5% | 168↓59.1% | 411↓16.3% | 491 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,742↑194.3% | 592↓8.6% | 648↓53.2% | 1,386↓28.4% | 1,935 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,596↑215.4% | 506↓12.9% | 581↓55.9% | 1,316↓31.0% | 1,906 | |
| Bottom-Line Net Income | 1,596↑215.4% | 506↓12.9% | 581↓55.9% | 1,316↑22.0% | 1,079 | |
| EPS (Basic) | 1.86↑215.3% | 0.59↓14.5% | 0.69↓55.8% | 1.56↑20.0% | 1.30 | |
| EPS (Diluted) | 1.85↑219.0% | 0.58↓14.7% | 0.68↓55.8% | 1.54↑20.3% | 1.28 | |
| Weighted Average Shares | 860↑0.8% | 853↑0.6% | 848↑0.6% | 843↑1.8% | 828 | |
| Weighted Average Diluted Shares | 860↓1.0% | 869↑1.2% | 859↑0.2% | 857↑1.5% | 844 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.