Corning Incorporated (GLW)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 32.60% | 31.64% | 31.12% | 31.66% | 31.23% | 30.27% | 29.99% | 30.88% | 31.76% | 33.63% | 35.11% | 35.86% | 35.95% | 36.38% | 35.65% | 33.81% | 31.24% | 29.45% | 29.79% | 31.56% |
| 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% |
| 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% |
| Net profit margin | 3.86% | 1.24% | 3.53% | 4.96% | 4.62% | 4.50% | 4.72% | 6.66% | 9.27% | 12.72% | 13.73% | 13.05% | 13.54% | 12.15% | 13.14% | 9.89% | 4.53% | 2.71% | 1.89% | 3.29% |
The profitability ratios of Corning Incorporated have shown some fluctuations over the period.
- The gross profit margin has ranged from 29.45% to 36.38% during the observed period, with a downward trend towards the end. This ratio indicates the company's ability to generate a profit from its core business activities after accounting for the cost of goods sold.
- The operating profit margin has varied between 1.67% to 15.30%, with a significant improvement from the second quarter of 2020 to the third quarter of 2021. This ratio reflects the company's efficiency in managing its operating expenses and generating profits from its operations.
- The pretax margin has fluctuated between 2.14% to 17.46%, with a notable increase in profitability from the first quarter of 2021 to the second quarter of 2022. This ratio represents the company's ability to generate profits before accounting for taxes.
- The net profit margin has ranged from 1.24% to 13.73%, showing a similar pattern of increase in profitability from the first quarter of 2021 to the second quarter of 2022. This ratio reflects the company's bottom-line profitability after all expenses have been deducted.
Overall, despite some fluctuations, Corning Incorporated has shown improvements in its profitability margins over the observed period, indicating better efficiency in managing costs and generating profits from its core operations.
Return on investment
| 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 return on assets (Operating ROA) | 4.09% | 2.90% | 2.77% | 3.07% | 3.12% | 3.18% | 3.33% | 4.04% | 4.87% | 6.39% | 7.05% | 7.20% | 7.00% | 7.09% | 6.07% | 3.76% | 1.65% | 0.59% | 1.05% | 2.75% |
| Return on assets (ROA) | 1.82% | 0.55% | 1.61% | 2.22% | 2.04% | 2.07% | 2.20% | 3.16% | 4.46% | 6.40% | 6.74% | 6.24% | 6.32% | 5.63% | 5.79% | 4.00% | 1.66% | 0.96% | 0.73% | 1.31% |
| Return on total capital | 6.64% | 4.53% | 4.41% | 4.72% | 4.80% | 5.01% | 5.15% | 6.36% | 7.94% | 10.68% | 11.55% | 11.07% | 10.24% | 10.25% | 8.85% | 5.13% | 2.25% | 0.82% | 1.37% | 3.70% |
| Return on equity (ROE) | 4.74% | 1.41% | 4.13% | 5.47% | 5.03% | 5.12% | 5.51% | 7.64% | 10.96% | 16.30% | 17.06% | 15.23% | 15.45% | 13.76% | 14.44% | 9.03% | 3.86% | 2.31% | 1.68% | 2.99% |
Corning Incorporated's profitability ratios show fluctuating trends over the reported periods.
- The Operating Return on Assets (Operating ROA) increased from 2.75% in March 2020 to a peak of 7.20% in March 2022 before declining to 2.90% in September 2024.
- The Return on Assets (ROA) exhibited a similar pattern, rising from 1.31% in March 2020 to a peak of 6.74% in June 2022, then decreasing to 1.82% in December 2024.
- Return on Total Capital trended upwards from 3.70% in March 2020 to a peak of 11.55% in June 2022, then dropped to 4.53% in September 2024.
- Return on Equity (ROE) experienced significant growth from 2.99% in March 2020 to a peak of 17.06% in June 2022, followed by a decline to 4.74% in December 2024.
These ratios indicate that Corning Incorporated achieved varying levels of profitability over the reporting periods, with notable improvements in ROA and ROE during the middle years, followed by some decline in profitability towards the end of the period. Additional analysis of the company's financial performance and strategies would be necessary to understand the underlying factors driving these trends.