Corning Incorporated logo

Corning Incorporated (GLW)

Common Stock · Currency in USD · XNYS

Corning is a provider of glass, ceramics, and optical fiber across six distinct end markets. Corning's largest segments by revenue are display glass for TVs and optical fiber for telecom networks and data centers. It also provides cover glass for smartphones as well as filters and substrates and glass for cars, produces pharmaceutical glass, and produces polysilicon for solar panels. Corning is a US producer and is vertically integrated across its products and markets.

Company Info

SIC3357
Composite FIGIBBG000BKFZM4
CIK0000024741
IPOMay 21, 1945
Sectordrawing & insulating of nonferrous wire

Highlights

Market Cap$127.07B
EPS$2.00
P/E Ratio67.59
Revenue$15.92B
Gross Profit$6.08B
Net Income$1.88B
Employees67,200
WSO859,014,837
Phone(607) 974-9000

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Analysis

Share Price Chart

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Corning Incorporated, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.

Returns By Period

Corning Incorporated (GLW) has returned 66.37% so far this year and 290.91% over the past 12 months. Looking at the last ten years, GLW has achieved an annualized return of 21.68%, outperforming the Benchmark (SPY), which averaged 12.23% per year.

GLW

1M8.64%
6M75.86%
YTD66.37%
1Y290.91%
5Y27.03%
10Y21.68%

Benchmark (SPY)

1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%

Monthly Returns

The table below presents the monthly returns of Corning Incorporated (GLW) with color gradation from worst to best to easily spot seasonal factors.

JanFebMarAprMayJunJulAugSepOctNovDec
202616.13%45.65%-11.39%7.19%
20259.60%-1.76%-9.29%-2.46%11.01%6.93%20.59%8.11%22.43%9.35%-6.09%5.05%
20247.62%-0.34%2.07%1.34%11.49%4.27%2.75%4.03%9.24%5.54%2.16%-2.80%
20237.69%-1.65%3.98%-5.44%-7.25%13.51%-2.95%-3.19%-8.11%-11.60%6.74%7.52%
202212.41%-4.20%-8.02%-5.58%1.79%-12.45%17.18%-5.53%-15.02%9.50%4.82%-6.99%
2021-0.50%5.75%11.91%0.75%-2.22%-6.71%2.10%-5.03%-8.73%-3.29%4.24%-1.56%
2020-8.97%-11.10%-14.56%12.76%6.00%13.85%18.96%4.44%0.37%-2.38%15.78%-4.74%
201912.40%4.22%-5.54%-4.70%-9.88%15.30%-9.37%-8.36%4.01%3.24%-2.48%0.21%
2018-3.40%-6.31%-4.52%-2.74%1.04%0.84%21.76%1.42%5.59%-9.87%-7.92%
20178.57%5.02%-3.09%6.58%0.59%2.77%-3.67%-1.71%3.82%4.58%2.66%-1.23%
2016-9.72%11.47%-1.01%9.24%1.98%4.32%-3.73%5.30%1.00%

Performance Indicators

The charts below present risk-adjusted performance metrics for Corning Incorporated (GLW) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

-2.00-1.000.001.002.003.00SPY: 0.92GLW: 2.72

Sortino ratio

-6.00-4.00-2.000.002.004.00SPY: 1.40GLW: 4.44

Omega ratio

0.501.001.502.00SPY: 1.22GLW: 1.67

Calmar ratio

0.002.004.006.00SPY: 1.20GLW: 8.92

Martin ratio

0.001.003.00SPY: 0.42GLW: 1.20

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.

The chart below shows the rolling Sharpe ratio of GLW compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Volatility Chart

The current Corning Incorporated volatility is 4.94%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.

Income Statement

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.

202520242023202220212020201920182017201620152014201320122011
Liabilities And Equity (USD)30.98B27.74B28.50B29.50B30.15B30.78B28.90B27.51B27.49B27.90B28.55B30.06B28.48B29.38B27.85B
Equity Attributable To Parent (USD)11.81B10.69B11.55B12.01B12.33B13.26B12.91B13.79B15.70B17.89B18.79B21.58B21.16B21.49B21.08B
Equity Attributable To Noncontrolling Interest (USD)500.00M384.00M317.00M267.00M212.00M191.00M90.00M94.00M72.00M67.00M75.00M73.00M49.00M47.00M51.00M
Equity (USD)12.31B11.07B11.87B12.28B12.55B13.45B13.00B13.89B15.77B17.96B18.86B21.65B21.21B21.53B21.13B
Long-term Debt (USD)-------------3.46B2.39B
Noncurrent Liabilities (USD)13.04B11.75B12.31B12.05B12.80B13.56B12.38B10.31B8.52B7.19B6.87B6.09B5.52B1.57B1.36B
Other Current Liabilities (USD)2.78B2.56B2.24B2.64B2.37B2.02B1.37B1.21B1.15B1.19B1.39B765.00M530.00M717.00M747.00M
Wages (USD)866.00M883.00M609.00M727.00M824.00M572.00M565.00M642.00M620.00M487.00M491.00M562.00M445.00M460.00M373.00M
Accounts Payable (USD)1.98B1.47B1.47B1.80B1.61B1.17B1.59B1.46B1.44B1.08B934.00M997.00M771.00M779.00M977.00M
Current Liabilities (USD)5.63B4.92B4.32B5.18B4.81B3.77B3.52B3.31B3.21B2.75B2.81B2.32B1.75B1.96B2.10B
Liabilities (USD)18.67B16.67B16.63B17.22B17.61B17.33B15.90B13.62B11.72B9.94B9.68B8.41B7.27B7.84B6.72B
Other Non-current Assets (USD)6.56B5.63B5.75B5.65B5.54B5.72B4.91B4.28B3.78B5.51B6.92B6.56B9.79B9.06B8.50B
Intangible Assets (USD)657.00M752.00M905.00M1.03B1.15B1.31B1.19B1.29B869.00M796.00M706.00M497.00M---
Fixed Assets (USD)14.83B13.36B14.63B15.37B15.80B15.74B15.34B14.90B14.02B12.55B12.65B12.77B9.80B10.63B10.67B
Noncurrent Assets (USD)22.04B19.74B21.29B22.05B22.50B22.77B21.44B20.47B18.67B18.85B20.28B19.83B19.59B19.68B19.17B
Other Current Assets (USD)5.86B5.27B4.55B4.55B5.18B5.57B5.14B5.00B7.12B7.58B2.28B2.85B2.39B2.50B1.88B
Inventory (USD)3.08B2.72B2.67B2.90B2.48B2.44B2.32B2.04B1.71B1.47B1.39B1.32B1.27B1.05B975.00M
Cash (USD)----------4.60B6.07B5.24B6.14B5.83B
Current Assets (USD)8.94B7.99B7.21B7.45B7.66B8.00B7.46B7.03B8.83B9.05B8.27B10.24B8.89B9.70B8.68B
Assets (USD)30.98B27.74B28.50B29.50B30.15B30.78B28.90B27.51B27.49B27.90B28.55B30.06B28.48B29.38B27.85B

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