Corning Incorporated (GLW)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,135,000 | 820,000 | 754,000 | 847,000 | 890,000 | 898,000 | 954,000 | 1,165,000 | 1,438,000 | 1,835,000 | 2,095,000 | 2,180,000 | 2,112,000 | 2,105,000 | 1,810,000 | 1,132,000 | 509,000 | 180,000 | 288,000 | 765,000 |
| 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 |
| Operating profit margin | 8.65% | 6.50% | 6.08% | 6.84% | 7.07% | 6.91% | 7.16% | 8.51% | 10.13% | 12.69% | 14.36% | 15.06% | 15.00% | 15.30% | 13.77% | 9.28% | 4.50% | 1.67% | 2.69% | 6.90% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,135,000K ÷ $13,118,000K
= 8.65%
Corning Incorporated's operating profit margin has exhibited fluctuations over the past few years. The margin stood at 6.90% as of March 31, 2020, declined to 2.69% by June 30, 2020, and further dropped to 1.67% by September 30, 2020. However, there was a significant improvement in the margin to 9.28% by March 31, 2021, followed by a steady increase to 15.30% by September 30, 2021. The margin remained relatively stable around the range of 12-15% until June 30, 2022, before showing a slight decline to 10.13% by December 31, 2022.
Throughout 2023, the operating profit margin continued to decrease gradually from 8.51% on March 31 to 6.91% on September 30. By December 31, 2023, there was a slight increase to 7.07%, followed by a relatively stable performance in the range of 6-8% until June 30, 2024. The margin saw a slight uptick to 8.65% by December 31, 2024.
Overall, Corning Incorporated's operating profit margin has been volatile, showing both upward and downward trends, with some periods of stability. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2024
See also:
Corning Incorporated Operating Profit Margin (Quarterly Data)