financial statements

The full income statement, balance sheet, and cash-flow statement for Corning Incorporated (GLW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	15.6B YoY+19.1%	13.1B YoY+4.2%	12.6B YoY-11.3%	14.2B YoY+0.8%	14.1B YoY+24.6%
	5.62B YoY+31.5%	4.28B YoY+8.8%	3.93B YoY-12.8%	4.51B YoY-11.0%	5.06B YoY+43.4%
Cost of revenue	10.0B YoY+13.2%	8.84B YoY+2.1%	8.66B YoY-10.6%	9.68B YoY+7.4%	9.02B YoY+16.0%
Research & development	800M YoY+0.0%	800M YoY-11.1%	900M YoY+0.0%	900M YoY+12.5%	800M YoY-20.0%
Selling, general & administrative	2.12B YoY+9.9%	1.93B YoY+4.8%	1.84B YoY-2.9%	1.90B YoY+3.9%	1.83B YoY+4.6%
Amortization of intangibles	110M YoY-9.1%	121M YoY-0.8%	122M YoY-0.8%	123M YoY-4.7%	129M YoY+6.6%
Operating income	2.28B YoY+100.8%	1.14B YoY+27.5%	890M YoY-38.1%	1.44B YoY-31.9%	2.11B YoY+314.9%
Interest expense	336M YoY+2.1%	329M YoY+0.0%	329M YoY+12.7%	292M	—
Interest & investment income	38.0M YoY-19.1%	47.0M YoY+23.7%	38.0M YoY+153.3%	15.0M YoY+36.4%	11.0M YoY-26.7%
Other non-operating income	-79.0M YoY+35.8%	-123M YoY-319.6%	56.0M YoY-80.4%	285M YoY+14.5%	249M YoY+436.5%
Equity-method income	—	—	—	—	35.0M YoY+240.0%
Pre-tax income	2.05B YoY+152.4%	813M YoY-0.4%	816M YoY-54.6%	1.80B YoY-25.9%	2.43B YoY+282.6%
Income tax	310M YoY+40.3%	221M YoY+31.5%	168M YoY-59.1%	411M YoY-16.3%	491M YoY+342.3%
	1.60B YoY+215.4%	506M YoY-12.9%	581M YoY-55.9%	1.32B YoY-31.0%	1.91B YoY+272.3%
Net income to non-controlling interest	146M YoY+69.8%	86.0M YoY+28.4%	67.0M YoY-4.3%	70.0M YoY+141.4%	29.0M YoY+163.6%
Net income to common	—	—	581M YoY-55.9%	1.32B YoY+22.0%	1.08B YoY+160.6%
	$1.83 YoY+215.5%	$0.58 YoY-14.7%	$0.68 YoY-55.8%	$1.54 YoY+20.3%	$1.28 YoY+137.0%
EPS (basic)	$1.87 YoY+216.9%	$0.59 YoY-14.5%	$0.69 YoY-55.8%	$1.56 YoY+20.0%	$1.30 YoY+140.7%
Weighted-avg shares (basic)	855M YoY+0.2%	853M YoY+0.6%	848M YoY+0.6%	843M YoY+1.8%	828M YoY+8.8%
Weighted-avg shares (diluted)	871M YoY+0.2%	869M YoY+1.2%	859M YoY+0.2%	857M YoY+1.5%	844M YoY+9.3%
Dividends per share	$1.12 YoY+0.0%	$1.12 YoY+0.0%	$1.12 YoY+3.7%	$1.08 YoY+12.5%	$0.96 YoY+9.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.94B YoY+11.8%	7.99B YoY+10.8%	7.21B YoY-3.2%	7.45B YoY-2.7%	7.66B YoY-4.3%
Cash & equivalents	1.53B YoY-13.7%	1.77B YoY-0.6%	1.78B YoY+6.5%	1.67B YoY-22.2%	2.15B YoY-19.6%
Short-term investments	28.0M YoY+0.0%	28.0M YoY+0.0%	28.0M YoY+0.0%	28.0M YoY+0.0%	28.0M YoY+0.0%
Cash & short-term investments	4.60B YoY+0.0%	4.60B YoY+0.0%	4.60B YoY+0.0%	4.60B YoY+0.0%	4.60B YoY+0.0%
Accounts receivable	2.78B YoY+35.4%	2.05B YoY+30.6%	1.57B YoY-8.7%	1.72B YoY-14.1%	2.00B YoY-6.0%
Inventory	3.08B YoY+13.0%	2.72B YoY+2.2%	2.67B YoY-8.2%	2.90B YoY+17.0%	2.48B YoY+0.0%
Other current assets	1.55B YoY+7.4%	1.45B YoY+21.1%	1.20B YoY+3.3%	1.16B YoY+12.8%	1.03B YoY+34.8%
	31.0B YoY+11.7%	27.7B YoY-2.7%	28.5B YoY-3.4%	29.5B YoY-2.2%	30.2B YoY-2.0%
Property, plant & equipment	14.8B YoY+11.0%	13.4B YoY-8.7%	14.6B YoY-4.8%	15.4B YoY-2.7%	15.8B YoY+0.4%
Operating lease right-of-use	860M YoY+8.0%	796M YoY-9.9%	883M YoY+4.9%	842M YoY+13.6%	741M YoY+9.0%
Goodwill	2.49B YoY+5.3%	2.36B YoY-0.7%	2.38B YoY-0.6%	2.39B YoY-1.1%	2.42B YoY-1.6%
Intangible assets	657M YoY-12.6%	752M YoY-16.9%	905M YoY-12.1%	1.03B YoY-10.4%	1.15B YoY-12.2%
Long-term investments	328M YoY+0.0%	328M YoY+0.0%	328M YoY+0.0%	328M YoY+0.0%	328M YoY-24.6%
Deferred tax assets	1.51B YoY+34.1%	1.13B YoY-2.0%	1.15B YoY+7.5%	1.07B YoY+0.7%	1.07B YoY-4.9%
Other non-current assets	2.55B YoY+19.4%	2.14B YoY-3.6%	2.22B YoY+1.9%	2.18B YoY+6.0%	2.06B YoY-3.9%
	5.63B YoY+14.4%	4.92B YoY+13.9%	4.32B YoY-16.5%	5.17B YoY+7.7%	4.81B YoY+27.6%
Accounts payable	1.98B YoY+34.4%	1.47B YoY+0.4%	1.47B YoY-18.7%	1.80B YoY+11.9%	1.61B YoY+37.3%
Accrued liabilities	2.85B YoY-8.8%	3.12B YoY+23.2%	2.53B YoY-19.5%	3.15B YoY+0.3%	3.14B YoY+0.0%
Deferred revenue	160M YoY+26.0%	127M YoY-14.2%	148M YoY+12.1%	132M YoY-40.8%	223M YoY+0.0%
Short-term & current debt	804M YoY+146.6%	326M YoY+1.9%	320M YoY+42.9%	224M YoY+307.3%	55.0M YoY-64.7%
Current lease liability	97.0M YoY+2.1%	95.0M YoY-15.2%	112M YoY+0.9%	111M YoY+18.1%	94.0M YoY+0.0%
	18.7B YoY+12.0%	16.7B YoY+0.2%	16.6B YoY-3.4%	17.2B YoY-2.2%	17.6B YoY+1.6%
Long-term debt	3.46B YoY+0.0%	3.46B YoY+0.0%	3.46B YoY+0.0%	3.46B YoY+0.0%	3.46B YoY+0.0%
Deferred revenue (non-current)	1.33B YoY+35.8%	983M YoY-9.2%	1.08B YoY-4.7%	1.14B YoY+6.1%	1.07B YoY+0.0%
Non-current lease liability	846M YoY+7.8%	785M YoY-7.2%	846M YoY+6.4%	795M YoY+15.1%	691M YoY+0.0%
Deferred tax liabilities	149M YoY+8.8%	137M YoY-37.2%	218M YoY-10.3%	243M YoY-5.8%	258M YoY+0.0%
Other non-current liabilities	5.10B YoY+12.6%	4.53B YoY-3.9%	4.71B YoY-5.0%	4.96B YoY-4.6%	5.19B YoY+0.0%
Total non-current liabilities	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%	1.57B YoY+0.0%
	11.8B YoY+10.5%	10.7B YoY-7.5%	11.6B YoY-3.8%	12.0B YoY-2.6%	12.3B YoY-7.0%
Preferred stock	2.30B YoY+0.0%	2.30B YoY+0.0%	2.30B YoY+0.0%	2.30B YoY+0.0%	2.30B YoY+0.0%
Common stock	924M YoY+0.3%	921M YoY+0.5%	916M YoY+0.7%	910M YoY+0.3%	907M YoY+5.1%
Additional paid-in capital	17.6B YoY+1.8%	17.3B YoY+2.0%	16.9B YoY+1.5%	16.7B YoY+1.3%	16.5B YoY+12.5%
Retained earnings	16.6B YoY+3.9%	15.9B YoY-2.8%	16.4B YoY-2.3%	16.8B YoY+2.4%	16.4B YoY+1.7%
Treasury stock	21.1B YoY+1.2%	20.9B YoY+1.2%	20.6B YoY+0.5%	20.5B YoY+1.3%	20.3B YoY+1.7%
Accumulated other comprehensive income	-2.10B YoY+17.2%	-2.54B YoY-24.2%	-2.05B YoY-11.9%	-1.83B YoY-55.7%	-1.18B YoY-58.8%
Non-controlling interest	500M YoY+30.2%	384M YoY+21.1%	317M YoY+18.7%	267M YoY+25.9%	212M YoY+11.0%
Total equity incl. non-controlling	12.3B YoY+11.2%	11.1B YoY-6.7%	11.9B YoY-3.3%	12.3B YoY-2.2%	12.5B YoY-6.7%
Total liabilities & equity	31.0B YoY+11.7%	27.7B YoY-2.7%	28.5B YoY-3.4%	29.5B YoY-2.2%	30.2B YoY-2.0%
Common shares issued	1.80B YoY+0.0%	1.80B YoY+0.0%	1.80B YoY+0.0%	1.80B YoY+0.0%	1.80B YoY+5.9%
Shares outstanding (cover)	857M YoY+0.1%	856M YoY+0.4%	853M YoY+0.9%	846M YoY-0.9%	853M YoY+11.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.69B YoY+39.0%	1.94B YoY-3.3%	2.00B YoY-23.3%	2.62B YoY-23.4%	3.41B YoY+56.5%
Depreciation & amortization	1.24B YoY+0.7%	1.23B YoY-1.4%	1.25B YoY-6.2%	1.33B YoY-1.7%	1.35B YoY-3.4%
Share-based compensation	286M YoY+4.8%	273M YoY+25.2%	218M YoY+24.6%	175M YoY-7.9%	190M YoY-8.2%
Deferred income taxes	-355M YoY-975.8%	-33.0M YoY+56.0%	-75.0M YoY-63.0%	-46.0M YoY-387.5%	16.0M YoY+180.0%
Change in receivables	749M YoY+4.5%	717M YoY+1534.0%	-50.0M YoY+55.8%	-113M YoY-309.3%	54.0M YoY-80.3%
Change in inventory	243M YoY+42.1%	171M YoY+208.9%	-157M YoY-130.1%	522M YoY+406.8%	103M YoY+124.3%
	-1.24B YoY-67.1%	-744M YoY+25.6%	-1.00B YoY+26.2%	-1.35B YoY+4.5%	-1.42B YoY-8.3%
Proceeds from sale of PP&E	—	—	67.0M	—	—
Other investing activities	20.0M YoY-39.4%	33.0M YoY+3400.0%	-1.00M YoY-101.9%	52.0M YoY+533.3%	-12.0M YoY+78.2%
	-1.67B YoY-43.6%	-1.16B YoY-31.8%	-883M YoY+46.5%	-1.65B YoY+32.7%	-2.45B YoY-236.4%
Long-term debt issued	—	—	918M	—	—
Long-term debt repaid	—	—	—	—	716M YoY+491.7%
Common stock repurchased	163M YoY-1.2%	165M	—	221M YoY-19.3%	274M YoY+161.0%
Other financing activities	-52.0M YoY-2700.0%	2.00M YoY+166.7%	-3.00M YoY+86.4%	-22.0M YoY-1200.0%	2.00M YoY-92.9%
FX effect on cash	18.0M YoY+142.9%	-42.0M YoY-200.0%	-14.0M YoY+84.1%	-88.0M YoY-35.4%	-65.0M YoY-167.0%
Net change in cash	-202M YoY-1736.4%	-11.0M YoY-110.2%	108M YoY+122.6%	-477M YoY+9.0%	-524M YoY-320.2%
Interest paid	311M YoY+0.3%	310M YoY+13.1%	274M YoY-0.4%	275M YoY-4.2%	287M YoY-3.7%
Income taxes paid	283M YoY+7.6%	263M YoY+23.5%	213M YoY-50.0%	426M YoY+13.0%	377M YoY+71.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	75.1B YoY+84.5%	40.7B YoY+56.6%	26.0B YoY-3.8%	27.0B YoY-15.0%	31.8B YoY+15.5%
P/E	47.0× YoY-41.5%	80.4× YoY+81.1%	44.4× YoY+202.4%	14.7× YoY-11.9%	16.7× YoY-69.0%
P/S	4.8× YoY+54.9%	3.1× YoY+55.2%	2.0× YoY+7.0%	1.9× YoY-17.2%	2.3× YoY-7.3%
P/B	6.4× YoY+67.0%	3.8× YoY+67.6%	2.3× YoY-5.0%	2.4× YoY-7.1%	2.6× YoY+24.2%
P/FCF	27.9× YoY+32.7%	21.0× YoY+54.2%	13.6× YoY+52.2%	8.9× YoY-4.0%	9.3× YoY-31.4%
Earnings yield	2.1% YoY+71.0%	1.2% YoY-44.8%	2.3% YoY-66.9%	6.8% YoY+13.5%	6.0% YoY+222.3%
FCF yield	3.6% YoY-24.7%	4.8% YoY-35.2%	7.3% YoY-34.3%	11.2% YoY+4.2%	10.7% YoY+45.7%
Dividend yield	1.3% YoY-45.7%	2.4% YoY-35.9%	3.7% YoY+8.8%	3.4% YoY+31.1%	2.6% YoY+5.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GLW's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GLW filings on SEC EDGAR → Not investment advice.

GLW▼ financial statements

About this data

financial statements