Corning Incorporated (GLW)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,135,000 | 890,000 | 1,438,000 | 2,112,000 | 509,000 |
| Revenue | US$ in thousands | 13,118,000 | 12,588,000 | 14,189,000 | 14,082,000 | 11,303,000 |
| Operating profit margin | 8.65% | 7.07% | 10.13% | 15.00% | 4.50% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,135,000K ÷ $13,118,000K
= 8.65%
Corning Incorporated's operating profit margin has displayed fluctuations over the past five years. In 2020, the operating profit margin was 4.50%, indicating that the company generated $0.045 in operating profit for every $1 in revenue. Subsequently, the margin increased significantly to 15.00% by the end of 2021, suggesting improved operational efficiency and profitability.
However, in 2022, the operating profit margin decreased to 10.13%, indicating a decline in profitability compared to the previous year. This decline continued in 2023, as the margin further decreased to 7.07%, raising concerns about the company's ability to maintain profitability levels.
Nonetheless, by the end of 2024, the operating profit margin showed a slight improvement, reaching 8.65%. While this represents a positive trend compared to the previous year, it still remains below the levels seen in 2021.
Overall, Corning Incorporated's operating profit margin has experienced fluctuations, emphasizing the importance of closely monitoring and managing operational efficiency to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2024