Corning Incorporated (GLW)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 581,000 1,316,000 1,906,000 512,000 960,000
Revenue US$ in thousands 12,588,000 14,189,000 14,082,000 11,303,000 11,503,000
Net profit margin 4.62% 9.27% 13.54% 4.53% 8.35%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $581,000K ÷ $12,588,000K
= 4.62%

Corning, Inc.'s net profit margin has fluctuated over the past five years. In 2023, the net profit margin was 4.62%, which represents a decrease from the previous year's margin of 9.27%. This decline indicates that the company's profitability relative to its revenue decreased significantly. However, compared to 2020 when the net profit margin was 3.66%, there has been an improvement in profitability. The net profit margins in 2021 and 2019 were 7.66% and 7.49%, respectively, suggesting that the company has experienced variability in its profitability over the years. The decreasing trend observed from 2019 to 2020, followed by the increase in 2021 and then the subsequent decrease in 2022 and 2023, may indicate the company's changing financial performance and efficiency in managing costs relative to its revenue generation.


Peer comparison

Dec 31, 2023

Company name
Symbol
Net profit margin
Corning Incorporated
GLW
4.62%
Belden Inc
BDC
9.66%

See also:

Corning Incorporated Net Profit Margin