Corning Incorporated (GLW)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 506,000 | 156,000 | 437,000 | 614,000 | 581,000 | 585,000 | 629,000 | 911,000 | 1,316,000 | 1,839,000 | 2,002,000 | 1,888,000 | 1,906,000 | 1,671,000 | 1,727,000 | 1,207,000 | 512,000 | 292,000 | 202,000 | 365,000 |
| 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 |
| Net profit margin | 3.86% | 1.24% | 3.53% | 4.96% | 4.62% | 4.50% | 4.72% | 6.66% | 9.27% | 12.72% | 13.73% | 13.05% | 13.54% | 12.15% | 13.14% | 9.89% | 4.53% | 2.71% | 1.89% | 3.29% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $506,000K ÷ $13,118,000K
= 3.86%
Corning Incorporated's net profit margin has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The net profit margin started at 3.29% in March 2020, indicating that for every dollar of sales, the company retained 3.29 cents as profit. It dipped to 1.89% in June 2020 before gradually increasing to reach a peak of 13.73% in June 2022. This represented a significant improvement in profitability, suggesting effective cost management and revenue generation.
However, the net profit margin began to decline thereafter, dropping to 1.24% by September 30, 2024. This downward trend indicates a potential decrease in profitability relative to revenue. The fluctuation in net profit margin could be attributed to various factors such as changes in revenue, operating expenses, and overall economic conditions impacting Corning Incorporated's financial performance.
It is crucial for the company to closely monitor and analyze its net profit margin trends to ensure sustainable profitability and financial health in the long term. Evaluating the underlying factors affecting profitability can help identify areas for improvement and strategic decision-making to enhance overall performance.
Peer comparison
Dec 31, 2024