Corning Incorporated (GLW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,276,000 | 3,990,000 | 3,857,000 | 3,921,000 | 3,931,000 | 3,935,000 | 3,993,000 | 4,226,000 | 4,506,000 | 4,862,000 | 5,121,000 | 5,190,000 | 5,063,000 | 5,005,000 | 4,685,000 | 4,126,000 | 3,531,000 | 3,172,000 | 3,188,000 | 3,497,000 |
| Revenue (ttm) | US$ in thousands | 13,118,000 | 12,611,000 | 12,393,000 | 12,385,000 | 12,588,000 | 13,000,000 | 13,315,000 | 13,687,000 | 14,189,000 | 14,459,000 | 14,586,000 | 14,472,000 | 14,082,000 | 13,756,000 | 13,142,000 | 12,202,000 | 11,303,000 | 10,770,000 | 10,703,000 | 11,082,000 |
| Gross profit margin | 32.60% | 31.64% | 31.12% | 31.66% | 31.23% | 30.27% | 29.99% | 30.88% | 31.76% | 33.63% | 35.11% | 35.86% | 35.95% | 36.38% | 35.65% | 33.81% | 31.24% | 29.45% | 29.79% | 31.56% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,276,000K ÷ $13,118,000K
= 32.60%
Corning Incorporated's gross profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The trend shows some variability, with an initial decline from March 2020 to September 2020, followed by a gradual increase until June 2021. The gross profit margin peaked in September 2021 at 36.38% before experiencing some fluctuations but generally maintaining levels above 30%.
During the most recent period from September 30, 2023, to December 31, 2024, the gross profit margin has remained relatively stable, hovering between 31% and 33%. This suggests that Corning Incorporated has been able to effectively manage its cost of goods sold and generate a consistent level of gross profit relative to its revenue.
Overall, the fluctuations in Corning Incorporated's gross profit margin indicate the company's ability to adapt to changing market conditions and optimize its operations to maintain a competitive position in the industry. Adjustments in pricing strategies, cost management, and product mix might have influenced these margins, reflecting the company's strategic decisions in response to market dynamics.
Peer comparison
Dec 31, 2024