Corning Incorporated (GLW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 727,000 | 749,000 | 1,727,000 | 2,397,000 | 623,000 |
| Revenue | US$ in thousands | 13,118,000 | 12,588,000 | 14,189,000 | 14,082,000 | 11,303,000 |
| Pretax margin | 5.54% | 5.95% | 12.17% | 17.02% | 5.51% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $727,000K ÷ $13,118,000K
= 5.54%
Corning Incorporated's pretax margin has displayed varying trends over the past five years. In 2020, the pretax margin stood at 5.51%, indicating that for every dollar of revenue, the company generated a profit of 5.51 cents before accounting for income taxes. The following year, the pretax margin significantly improved to 17.02%, suggesting stronger operational efficiency and profitability.
However, in 2022, there was a slight decline in the pretax margin to 12.17%, which could be due to changes in the company's cost structure or revenue streams. Subsequently, in 2023, the pretax margin further decreased to 5.95%, nearing the 2020 level.
In the most recent data available for 2024, the pretax margin remained relatively stable at 5.54%. This consistent performance indicates that Corning Incorporated may be facing challenges in improving profitability or controlling costs effectively.
Overall, the fluctuating pretax margins reflect the company's ability to manage its operational expenses and generate profits before tax obligations. Further analysis of the company's financial strategies and market conditions may provide deeper insights into these fluctuations.
Peer comparison
Dec 31, 2024