Corning Incorporated (GLW) Financial Statements
Corning financial statements at a glance
Corning reported revenue of $15.63 billion for fiscal year 2025 (ended December 31, 2025), up 19.1% from fiscal year 2024. Net income was $1.60 billion, a net margin of 10.2%, and diluted earnings per share were $1.83.
At the end of fiscal year 2025 it had total assets of $30.98 billion, total liabilities of $18.67 billion and shareholders' equity of $11.81 billion, with cash and short-term investments of $1.53 billion and total debt of $9.38 billion.
Its operations brought in $2.70 billion of cash; capital spending was $1.28 billion, leaving free cash flow of $1.41 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Corning Incorporated
Income Statement
Annual • USD
Corning key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.6B | $13.1B | $12.6B | $14.2B | $14.1B |
| Gross profit | $5.6B | $4.3B | $3.9B | $4.5B | $5.1B |
| Operating income | $2.3B | $1.1B | $890.0M | $1.4B | $2.1B |
| Net income | $1.6B | $506.0M | $581.0M | $1.3B | $1.1B |
| Diluted EPS | $1.83 | $0.58 | $0.68 | $1.54 | $1.28 |
| Total assets | $31.0B | $27.7B | $28.5B | $29.5B | $30.2B |
| Total liabilities | $18.7B | $16.7B | $16.6B | $17.2B | $17.6B |
| Shareholders' equity | $11.8B | $10.7B | $11.6B | $12.0B | $12.3B |
| Cash and short-term investments | $1.5B | $1.8B | $1.8B | $1.7B | $2.1B |
| Total debt | $9.4B | $8.1B | $8.5B | $7.8B | $7.8B |
| Operating cash flow | $2.7B | $1.9B | $2.0B | $2.6B | $3.4B |
| Capital spending | $1.3B | $965.0M | $1.4B | $1.6B | $1.6B |
| Free cash flow | $1.4B | $974.0M | $615.0M | $1.0B | $1.8B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Corning's revenue in fiscal year 2025?
$15.63 billion, up 19.1% from $13.12 billion in fiscal year 2024.
How much profit does Corning make?
Corning reported net income of $1.60 billion for fiscal year 2025 (10.2% of revenue); operating income was $2.28 billion.
How much cash and debt does Corning have?
At the end of fiscal year 2025: cash and short-term investments of $1.53 billion and total debt of $9.38 billion.
What is Corning's free cash flow?
$1.41 billion in fiscal year 2025 (operating cash flow of $2.70 billion minus capital spending of $1.28 billion).
