CORNING INC (GLW) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:GLW • US2193501051

109.69 USD
-3.1 (-2.75%)
At close: Feb 4, 2026
109.35 USD
-0.34 (-0.31%)
Pre-Market: 2/5/2026, 4:17:04 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to GLW. GLW was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an excellent profitability rating, but there are some minor concerns on its financial health. GLW is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • GLW had positive earnings in the past year.
  • In the past year GLW had a positive cash flow from operations.
  • Each year in the past 5 years GLW has been profitable.
  • Each year in the past 5 years GLW had a positive operating cash flow.
GLW Yearly Net Income VS EBIT VS OCF VS FCFGLW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • GLW's Return On Assets of 5.15% is fine compared to the rest of the industry. GLW outperforms 70.73% of its industry peers.
  • GLW has a Return On Equity of 13.52%. This is in the better half of the industry: GLW outperforms 79.67% of its industry peers.
  • With a decent Return On Invested Capital value of 7.09%, GLW is doing good in the industry, outperforming 71.54% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 8.89%.
  • The 3 year average ROIC (4.64%) for GLW is below the current ROIC(7.09%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROIC 7.09%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
GLW Yearly ROA, ROE, ROICGLW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 10.21%, GLW belongs to the best of the industry, outperforming 84.55% of the companies in the same industry.
  • GLW's Profit Margin has improved in the last couple of years.
  • GLW's Operating Margin of 14.58% is amongst the best of the industry. GLW outperforms 86.99% of its industry peers.
  • In the last couple of years the Operating Margin of GLW has grown nicely.
  • Looking at the Gross Margin, with a value of 35.97%, GLW is in line with its industry, outperforming 58.54% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GLW has grown nicely.
Industry RankSector Rank
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
GLW Yearly Profit, Operating, Gross MarginsGLW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
  • Compared to 1 year ago, GLW has less shares outstanding
  • Compared to 5 years ago, GLW has more shares outstanding
  • The debt/assets ratio for GLW is higher compared to a year ago.
GLW Yearly Shares OutstandingGLW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
GLW Yearly Total Debt VS Total AssetsGLW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • GLW has an Altman-Z score of 4.57. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
  • GLW's Altman-Z score of 4.57 is fine compared to the rest of the industry. GLW outperforms 68.29% of its industry peers.
  • The Debt to FCF ratio of GLW is 5.97, which is a neutral value as it means it would take GLW, 5.97 years of fcf income to pay off all of its debts.
  • GLW has a Debt to FCF ratio (5.97) which is in line with its industry peers.
  • GLW has a Debt/Equity ratio of 0.65. This is a neutral value indicating GLW is somewhat dependend on debt financing.
  • GLW has a Debt to Equity ratio of 0.65. This is in the lower half of the industry: GLW underperforms 77.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Altman-Z 4.57
ROIC/WACC0.47
WACC14.96%
GLW Yearly LT Debt VS Equity VS FCFGLW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.59 indicates that GLW should not have too much problems paying its short term obligations.
  • The Current ratio of GLW (1.59) is worse than 72.36% of its industry peers.
  • A Quick Ratio of 1.04 indicates that GLW should not have too much problems paying its short term obligations.
  • GLW has a Quick ratio of 1.04. This is in the lower half of the industry: GLW underperforms 76.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.04
GLW Yearly Current Assets VS Current LiabilitesGLW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 29.08% over the past year.
  • Measured over the past years, GLW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.56% on average per year.
  • The Revenue has grown by 19.14% in the past year. This is quite good.
  • The Revenue has been growing slightly by 6.70% on average over the past years.
EPS 1Y (TTM)29.08%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%26.32%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%

3.2 Future

  • GLW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.84% yearly.
  • The Revenue is expected to grow by 11.79% on average over the next years. This is quite good.
EPS Next Y22.43%
EPS Next 2Y22.37%
EPS Next 3Y21.09%
EPS Next 5Y17.84%
Revenue Next Year13.3%
Revenue Next 2Y12.4%
Revenue Next 3Y11.79%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GLW Yearly Revenue VS EstimatesGLW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
GLW Yearly EPS VS EstimatesGLW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 43.36, GLW can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of GLW is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 28.25, GLW is valued quite expensively.
  • With a Price/Forward Earnings ratio of 35.41, GLW can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Forward Earnings ratio as GLW.
  • GLW's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.50.
Industry RankSector Rank
PE 43.36
Fwd PE 35.41
GLW Price Earnings VS Forward Price EarningsGLW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLW.
  • GLW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 66.56
EV/EBITDA 27.84
GLW Per share dataGLW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GLW does not grow enough to justify the current Price/Earnings ratio.
  • GLW has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as GLW's earnings are expected to grow with 21.09% in the coming years.
PEG (NY)1.93
PEG (5Y)3.45
EPS Next 2Y22.37%
EPS Next 3Y21.09%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • GLW has a Yearly Dividend Yield of 1.02%. Purely for dividend investing, there may be better candidates out there.
  • GLW's Dividend Yield is rather good when compared to the industry average which is at 0.46. GLW pays more dividend than 86.99% of the companies in the same industry.
  • With a Dividend Yield of 1.02, GLW pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.02%

5.2 History

  • The dividend of GLW has a limited annual growth rate of 3.64%.
  • GLW has paid a dividend for at least 10 years, which is a reliable track record.
  • GLW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years17
GLW Yearly Dividends per shareGLW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 62.59% of the earnings are spent on dividend by GLW. This is not a sustainable payout ratio.
  • The dividend of GLW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.59%
EPS Next 2Y22.37%
EPS Next 3Y21.09%
GLW Yearly Income VS Free CF VS DividendGLW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
GLW Dividend Payout.GLW Dividend Payout, showing the Payout Ratio.GLW Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

CORNING INC

NYSE:GLW (2/4/2026, 8:24:38 PM)

Premarket: 109.35 -0.34 (-0.31%)

109.69

-3.1 (-2.75%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners75.9%
Inst Owner Change-1.68%
Ins Owners0.16%
Ins Owner Change-0.47%
Market Cap94.04B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts82
Price Target113.92 (3.86%)
Short Float %1.44%
Short Ratio1.68
Dividend
Industry RankSector Rank
Dividend Yield 1.02%
Yearly Dividend1.23
Dividend Growth(5Y)3.64%
DP62.59%
Div Incr Years0
Div Non Decr Years17
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.51%
Min EPS beat(2)-0.04%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)2.75%
Min EPS beat(4)-0.04%
Max EPS beat(4)5.64%
EPS beat(8)7
Avg EPS beat(8)2.65%
EPS beat(12)8
Avg EPS beat(12)1.37%
EPS beat(16)10
Avg EPS beat(16)1.76%
Revenue beat(2)2
Avg Revenue beat(2)0.22%
Min Revenue beat(2)0.07%
Max Revenue beat(2)0.36%
Revenue beat(4)3
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)3.88%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)7
Avg Revenue beat(16)-0.82%
PT rev (1m)0%
PT rev (3m)21.49%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)7.98%
EPS NY rev (1m)0.49%
EPS NY rev (3m)6.3%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)5.27%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)4.27%
Valuation
Industry RankSector Rank
PE 43.36
Fwd PE 35.41
P/S 6.02
P/FCF 66.56
P/OCF 34.9
P/B 7.97
P/tB 10.86
EV/EBITDA 27.84
EPS(TTM)2.53
EY2.31%
EPS(NY)3.1
Fwd EY2.82%
FCF(TTM)1.65
FCFY1.5%
OCF(TTM)3.14
OCFY2.87%
SpS18.23
BVpS13.77
TBVpS10.1
PEG (NY)1.93
PEG (5Y)3.45
Graham Number28
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROCE 8.99%
ROIC 7.09%
ROICexc 7.54%
ROICexgc 8.69%
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
FCFM 9.04%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
ROICexc(3y)4.98%
ROICexc(5y)5.42%
ROICexgc(3y)5.78%
ROICexgc(5y)6.35%
ROCE(3y)5.88%
ROCE(5y)6.38%
ROICexgc growth 3Y13.81%
ROICexgc growth 5Y34.82%
ROICexc growth 3Y14.65%
ROICexc growth 5Y35.54%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
F-Score8
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Debt/EBITDA 2.1
Cap/Depr 95.17%
Cap/Sales 8.2%
Interest Coverage 250
Cash Conversion 74.32%
Profit Quality 88.53%
Current Ratio 1.59
Quick Ratio 1.04
Altman-Z 4.57
F-Score8
WACC14.96%
ROIC/WACC0.47
Cap/Depr(3y)89.4%
Cap/Depr(5y)97.84%
Cap/Sales(3y)8.87%
Cap/Sales(5y)9.91%
Profit Quality(3y)128.96%
Profit Quality(5y)125.64%
High Growth Momentum
Growth
EPS 1Y (TTM)29.08%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%26.32%
EPS Next Y22.43%
EPS Next 2Y22.37%
EPS Next 3Y21.09%
EPS Next 5Y17.84%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%
Revenue Next Year13.3%
Revenue Next 2Y12.4%
Revenue Next 3Y11.79%
Revenue Next 5YN/A
EBIT growth 1Y100.79%
EBIT growth 3Y16.59%
EBIT growth 5Y34.96%
EBIT Next Year66.83%
EBIT Next 3Y33.94%
EBIT Next 5Y26.35%
FCF growth 1Y45.07%
FCF growth 3Y11.81%
FCF growth 5Y11.97%
OCF growth 1Y38.99%
OCF growth 3Y1.01%
OCF growth 5Y4.33%

CORNING INC / GLW FAQ

What is the ChartMill fundamental rating of CORNING INC (GLW) stock?

ChartMill assigns a fundamental rating of 6 / 10 to GLW.


What is the valuation status of CORNING INC (GLW) stock?

ChartMill assigns a valuation rating of 3 / 10 to CORNING INC (GLW). This can be considered as Overvalued.


How profitable is CORNING INC (GLW) stock?

CORNING INC (GLW) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for GLW stock?

The Earnings per Share (EPS) of CORNING INC (GLW) is expected to grow by 22.43% in the next year.


Can you provide the dividend sustainability for GLW stock?

The dividend rating of CORNING INC (GLW) is 5 / 10 and the dividend payout ratio is 62.59%.