Corning Incorporated (GLW)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 960,000 | 1,220,000 | 1,508,000 | 2,154,000 |
| Revenue (ttm) | US$ in thousands | 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 | 11,503,000 | 11,721,000 | 11,795,000 | 11,602,000 |
| Net profit margin | 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% | 8.35% | 10.41% | 12.79% | 18.57% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $581,000K ÷ $12,588,000K
= 4.62%
Corning, Inc.'s net profit margin has exhibited fluctuations over the past eight quarters. The trend indicates a decline in profitability from Q1 2022 to Q4 2023. The net profit margin decreased from 7.50% in Q1 2022 to 4.62% in Q4 2023. This decrease may be concerning as it suggests a reduction in the company's ability to convert revenue into profit.
The highest net profit margin was observed in Q3 2022 at 13.73%, followed by 12.72% in Q2 2022. However, there has been a consistent downward trend in profitability since then, with Q4 2023 showing the lowest net profit margin at 4.62%.
It is essential for Corning, Inc. to closely monitor its cost structure, revenue generation, and efficiency in order to improve its net profit margin and ensure sustainable profitability in the future. Further analysis of the company's operating expenses, revenue streams, and strategic initiatives may provide insight into the factors influencing these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023