Corning Incorporated (GLW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 727,000 | 270,000 | 583,000 | 816,000 | 749,000 | 794,000 | 837,000 | 1,179,000 | 1,727,000 | 2,308,000 | 2,546,000 | 2,333,000 | 2,397,000 | 2,151,000 | 2,121,000 | 1,556,000 | 623,000 | 310,000 | 268,000 | 533,000 |
| 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 |
| Pretax margin | 5.54% | 2.14% | 4.70% | 6.59% | 5.95% | 6.11% | 6.29% | 8.61% | 12.17% | 15.96% | 17.46% | 16.12% | 17.02% | 15.64% | 16.14% | 12.75% | 5.51% | 2.88% | 2.50% | 4.81% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $727,000K ÷ $13,118,000K
= 5.54%
The pretax margin of Corning Incorporated has fluctuated over the period from March 31, 2020, to December 31, 2024.
Initially, the pretax margin was at 4.81% on March 31, 2020, and decreased to 2.50% by June 30, 2020. There was a slight increase to 2.88% on September 30, 2020, followed by a more significant rise to 5.51% by the end of December 31, 2020.
The trend of improvement continued into the following year, with the pretax margin reaching 12.75% on March 31, 2021, and further increasing to 16.14% by June 30, 2021. The margin remained high at around 15-17% for the next few quarters.
However, a decline in the pretax margin started to occur in the latter part of 2022, dropping to 12.17% by December 31, 2022, and further declining to 8.61% on March 31, 2023. This downward trend continued, with the pretax margin reaching a low of 2.14% on September 30, 2024.
There was a slight recovery in the pretax margin by December 31, 2024, with a value of 5.54%. Overall, the pretax margin of Corning Incorporated has shown volatility over the specified period, with periods of growth followed by declines, indicating fluctuations in profitability before a modest recovery at the end of the period.
Peer comparison
Dec 31, 2024