GLW CORNING INC /NY

Overview and Growth

Fiscal 2025 results for CORNING INC /NY combined $15.63B of revenue with net income of $1.60B and an operating cash inflow of $2.69B. Revenue of $15.63B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 19.1% above fiscal 2024 revenue of $13.12B, marking a year-over-year increase. Diluted earnings per share were $1.83, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 215.5% increase from fiscal 2024 diluted EPS of $0.58. The company employed $30.98B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.5x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $5.62B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 36.0% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $2.28B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 14.6%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $1.60B, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 10.2% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $2.05B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 13.1% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $310.00M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 15.1% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 13.0% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 5.2%, showing earnings relative to the full balance sheet. The company moved from fiscal 2024 net income of $506.00M to $1.60B, with the current outcome ending above that comparison.

Liquidity and Capital Structure

Total assets were $30.98B, supported by $18.67B of liabilities and $12.31B of shareholder equity. Current assets were $8.94B against $5.63B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.59x, leaving a positive buffer for near-term obligations. The company held $1.53B in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 27.1%, excluding receivables and other current assets. Book equity represented 39.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 60.3%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 4.9%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 11.7% from $27.73B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 11.2% from $11.07B in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 13.7% from $1.77B in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $2.69B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.69x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.