Corning Statistics
Total Valuation
Corning has a market cap or net worth of $40.23 billion. The enterprise value is $47.02 billion.
| Market Cap | 40.23B |
| Enterprise Value | 47.02B |
Important Dates
The last earnings date was Tuesday, April 29, 2025, before market open.
| Earnings Date | Apr 29, 2025 |
| Ex-Dividend Date | May 30, 2025 |
Share Statistics
Corning has 856.47 million shares outstanding. The number of shares has increased by 1.19% in one year.
| Current Share Class | 856.47M |
| Shares Outstanding | 856.47M |
| Shares Change (YoY) | +1.19% |
| Shares Change (QoQ) | n/a |
| Owned by Insiders (%) | 0.32% |
| Owned by Institutions (%) | 73.11% |
| Float | 781.87M |
Valuation Ratios
The trailing PE ratio is 90.20 and the forward PE ratio is 19.42. Corning's PEG ratio is 1.23.
| PE Ratio | 90.20 |
| Forward PE | 19.42 |
| PS Ratio | 2.95 |
| Forward PS | 2.56 |
| PB Ratio | 3.55 |
| P/TBV Ratio | 5.28 |
| P/FCF Ratio | 37.49 |
| P/OCF Ratio | 20.17 |
| PEG Ratio | 1.23 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 16.14, with an EV/FCF ratio of 43.82.
| EV / Earnings | 103.57 |
| EV / Sales | 3.46 |
| EV / EBITDA | 16.14 |
| EV / EBIT | 29.74 |
| EV / FCF | 43.82 |
Financial Position
The company has a current ratio of 1.69, with a Debt / Equity ratio of 0.73.
| Current Ratio | 1.69 |
| Quick Ratio | 0.75 |
| Debt / Equity | 0.73 |
| Debt / EBITDA | 2.60 |
| Debt / FCF | 7.60 |
| Interest Coverage | 4.82 |
Financial Efficiency
Return on equity (ROE) is 4.87% and return on invested capital (ROIC) is 5.05%.
| Return on Equity (ROE) | 4.87% |
| Return on Assets (ROA) | 3.59% |
| Return on Invested Capital (ROIC) | 5.05% |
| Return on Capital Employed (ROCE) | 6.91% |
| Revenue Per Employee | $241,474 |
| Profits Per Employee | $8,064 |
| Employee Count | 56,300 |
| Asset Turnover | 0.49 |
| Inventory Turnover | 3.17 |
Taxes
In the past 12 months, Corning has paid $205.00 million in taxes.
| Income Tax | 205.00M |
| Effective Tax Rate | 27.08% |
Stock Price Statistics
The stock price has increased by +37.46% in the last 52 weeks. The beta is 1.08, so Corning's price volatility has been similar to the market average.
| Beta (5Y) | 1.08 |
| 52-Week Price Change | +37.46% |
| 50-Day Moving Average | 44.78 |
| 200-Day Moving Average | 46.02 |
| Relative Strength Index (RSI) | 63.37 |
| Average Volume (20 Days) | 5,128,747 |
Short Selling Information
The latest short interest is 11.09 million, so 1.29% of the outstanding shares have been sold short.
| Short Interest | 11.09M |
| Short Previous Month | 13.83M |
| Short % of Shares Out | 1.29% |
| Short % of Float | 1.42% |
| Short Ratio (days to cover) | 1.44 |
Income Statement
In the last 12 months, Corning had revenue of $13.60 billion and earned $454.00 million in profits. Earnings per share was $0.52.
| Revenue | 13.60B |
| Gross Profit | 4.71B |
| Operating Income | 1.58B |
| Pretax Income | 583.00M |
| Net Income | 454.00M |
| EBITDA | 2.91B |
| EBIT | 1.58B |
| Earnings Per Share (EPS) | $0.52 |
Balance Sheet
The company has $1.36 billion in cash and $8.15 billion in debt, giving a net cash position of -$6.79 billion or -$7.93 per share.
| Cash & Cash Equivalents | 1.36B |
| Total Debt | 8.15B |
| Net Cash | -6.79B |
| Net Cash Per Share | -$7.93 |
| Equity (Book Value) | 11.13B |
| Book Value Per Share | 13.23 |
| Working Capital | 3.12B |
Cash Flow
In the last 12 months, operating cash flow was $1.99 billion and capital expenditures -$921.00 million, giving a free cash flow of $1.07 billion.
| Operating Cash Flow | 1.99B |
| Capital Expenditures | -921.00M |
| Free Cash Flow | 1.07B |
| FCF Per Share | $1.25 |
Margins
Gross margin is 34.63%, with operating and profit margins of 11.63% and 3.34%.
| Gross Margin | 34.63% |
| Operating Margin | 11.63% |
| Pretax Margin | 5.57% |
| Profit Margin | 3.34% |
| EBITDA Margin | 21.43% |
| EBIT Margin | 11.63% |
| FCF Margin | 7.89% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 2.39%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.39% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | 215.09% |
| Buyback Yield | -1.19% |
| Shareholder Yield | 1.19% |
| Earnings Yield | 1.13% |
| FCF Yield | 2.67% |
Analyst Forecast
The average price target for Corning is $52.69, which is 12.18% higher than the current price. The consensus rating is "Buy".
| Price Target | $52.69 |
| Price Target Difference | 12.18% |
| Analyst Consensus | Buy |
| Analyst Count | 13 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | 47.14% |
Stock Splits
The last stock split was on October 4, 2000. It was a forward split with a ratio of 3:1.
| Last Split Date | Oct 4, 2000 |
| Split Type | Forward |
| Split Ratio | 3:1 |
Scores
Corning has an Altman Z-Score of 3 and a Piotroski F-Score of 8.
| Altman Z-Score | 3 |
| Piotroski F-Score | 8 |