Corning Incorporated (GLW)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 506,000 | 156,000 | 437,000 | 614,000 | 581,000 | 585,000 | 629,000 | 911,000 | 1,316,000 | 1,839,000 | 2,002,000 | 1,888,000 | 1,906,000 | 1,671,000 | 1,727,000 | 1,207,000 | 512,000 | 292,000 | 202,000 | 365,000 |
| Total stockholders’ equity | US$ in thousands | 10,686,000 | 11,103,000 | 10,585,000 | 11,226,000 | 11,551,000 | 11,430,000 | 11,412,000 | 11,925,000 | 12,008,000 | 11,284,000 | 11,734,000 | 12,395,000 | 12,333,000 | 12,145,000 | 11,960,000 | 13,369,000 | 13,257,000 | 12,660,000 | 12,049,000 | 12,198,000 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $506,000K ÷ $10,686,000K
= 4.74%
Corning Incorporated's return on equity (ROE) has demonstrated fluctuations over the past few years. The ROE stood at a relatively low level of around 2% to 4% from March 2020 to June 2021, indicating a lower profitability relative to shareholders' equity during this period. However, there was a significant improvement in ROE from March 2021 to June 2022, where it increased steadily from 9.03% to 17.06%, signaling an enhancement in the company's profitability and efficiency in generating returns for shareholders.
During the later part of 2022 and into 2024, the ROE showed a decreasing trend, falling from 17.06% in June 2022 to 4.74% in December 2024. This decline may suggest challenges in maintaining or improving the efficiency of utilizing equity to generate profits for shareholders.
Overall, the ROE of Corning Incorporated has displayed volatility and mixed performance, with periods of both improvement and decline. It is important for stakeholders to monitor the company's financial performance closely to assess the effectiveness of its operations and strategic decisions in maximizing shareholder value.
Peer comparison
Dec 31, 2024
See also:
Corning Incorporated Return on Equity (ROE) (Quarterly Data)