Corning Incorporated (GLW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 1,216,000 | 1,545,000 | 1,895,000 | 2,543,000 |
| 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 |
| Pretax margin | 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% | 10.57% | 13.18% | 16.07% | 21.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $749,000K ÷ $12,588,000K
= 5.95%
The pretax margin of Corning, Inc. has shown a decreasing trend from the fourth quarter of 2022 to the fourth quarter of 2023. This indicates a decline in the company's ability to generate profits before accounting for taxes on its revenue. The pretax margin was highest in the first quarter of 2022 at 17.60% but has since decreased notably to 6.48% in the fourth quarter of 2023. This decline may be a cause for concern as it suggests potential challenges in cost management or revenue generation for the company. Further analysis of the reasons behind this trend is recommended to understand the factors impacting the company's profitability.
Peer comparison
Dec 31, 2023