Corning Incorporated (GLW)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 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% | 35.08% | 37.39% | 38.98% | 39.69% |
| Operating profit margin | 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% | 11.35% | 13.85% | 15.09% | 15.52% |
| 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% |
| Net profit margin | 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% | 8.35% | 10.41% | 12.79% | 18.57% |
Corning, Inc.'s profitability ratios have shown a decreasing trend in recent quarters. The gross profit margin has declined from 31.76% in Q4 2022 to 31.23% in Q4 2023. This indicates that the company is generating lower profits from its core business activities.
Similarly, the operating profit margin, which stood at 12.64% in Q3 2022, has decreased to 7.07% in Q4 2023. This suggests that Corning's operating expenses have increased relative to its revenue, impacting profitability.
The pretax margin has also seen a decline from 16.23% in Q3 2022 to 6.48% in Q4 2023. This indicates that the company's profitability before accounting for taxes has decreased significantly.
Overall, the net profit margin has experienced a notable decrease from 12.72% in Q3 2022 to 4.62% in Q4 2023. This decrease in net profit margin indicates that Corning, Inc. is retaining less profit from its revenue after accounting for all expenses, including taxes.
The decreasing trend in these profitability ratios suggests that Corning, Inc. may be facing challenges in controlling costs, maintaining efficient operations, or generating sufficient revenue growth. Investors and stakeholders should closely monitor these ratios to assess the company's ability to improve profitability in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 4.52% | 5.94% | 6.46% | 6.59% |
| Return on assets (ROA) | 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% | 3.32% | 4.46% | 5.47% | 7.88% |
| Return on total capital | 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% | 10.11% | 8.14% | 13.26% | 13.24% |
| Return on equity (ROE) | 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% | 7.44% | 9.36% | 11.23% | 15.83% |
Corning, Inc. has shown a mixed performance in terms of profitability ratios over the past eight quarters. In terms of operating profitability, the company's Operating Return on Assets (Operating ROA) has fluctuated between 3.12% and 7.18% during this period, with a decreasing trend observed overall. This ratio indicates that for every dollar of total assets, Corning generated between 3.12 cents and 7.18 cents in operating income.
The Return on Assets (ROA) has also varied, ranging from 2.04% to 6.74%. ROA provides insight into the company's overall ability to generate profit from its assets, and Corning's performance in this regard has been somewhat volatile, with a peak in Q3 2022.
Return on Total Capital has seen fluctuations as well, with values between 4.67% and 11.41% over the period. This metric reflects the company's ability to generate returns for both equity and debt holders.
The Return on Equity (ROE) for Corning, Inc. has ranged from 5.03% to 17.06% over the past eight quarters. ROE measures the return generated for shareholders from their equity investment in the company. Corning's ROE has shown some variability but generally indicates a declining trend overall.
In summary, Corning, Inc.'s profitability ratios have experienced fluctuations over the past two years, suggesting the company faces challenges in maintaining consistent profitability and efficient utilization of its assets and capital. Further analysis and examination of the company's financial and operational strategies are recommended to understand the drivers behind these fluctuations and to identify potential areas for improvement.