Corning Incorporated (GLW)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,000 | 581,000 | 1,316,000 | 1,906,000 | 512,000 |
| Revenue | US$ in thousands | 13,118,000 | 12,588,000 | 14,189,000 | 14,082,000 | 11,303,000 |
| Net profit margin | 3.86% | 4.62% | 9.27% | 13.54% | 4.53% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $506,000K ÷ $13,118,000K
= 3.86%
Corning Incorporated's net profit margin has displayed variable performance over the past five years. The net profit margin increased notably from 4.53% on December 31, 2020, to 13.54% on December 31, 2021, indicating a significant improvement in profitability. However, in the subsequent years, the net profit margin fluctuated, decreasing to 9.27% on December 31, 2022, and then further dropping to 4.62% on December 31, 2023, showing a decline in profitability. The most recent data point, December 31, 2024, reveals a net profit margin of 3.86%, continuing the downward trend.
This fluctuation in the net profit margin suggests that Corning Incorporated's profitability has been somewhat inconsistent in recent years, possibly influenced by various internal and external factors. Further analysis of the company's financial statements and business operations would be necessary to determine the underlying reasons for these fluctuations and assess the company's overall financial health.
Peer comparison
Dec 31, 2024