Financial insights of GLW

MyFinsight

For the year ending 2025-12-31, GLW made $15,629M in revenue. $1,596M in net income. Net profit margin of 10.21%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Net sales	15,629	13,118	12,588	14,189
Cost of sales	10,008	8,842	8,657	9,683
Gross margin	5,621	4,276	3,931	4,506
Selling, general and administrative expenses	2,122	1,931	1,843	1,898
Research, development and engineering expenses	1,110	1,089	1,076	1,047
Amortization of purchased intangibles	110	121	122	123
Operating income	2,279	1,135	890	1,438
Interest income	38	47	38	15
Interest expense	336	329	329	292
Translated earnings contract gain, net (note 13)	150	83	161	351
Other (expense) income, net	-79	-123	56	285
Income before income taxes	2,052	813	816	1,797
Provision for income taxes (note 15)	310	221	168	411
Net income	1,742	592	648	1,386
Net income attributable to non-controlling interest	146	86	67	70
Net income attributable to corning incorporated	1,596	506	581	1,316
Series a convertible preferred stock dividend	-	-	-	0
Net income available to common shareholders	-	-	581	1,316

Basic (note 17) (in dollars per share)	1.87	0.59	0.69	1.56
Diluted (note 17) (in dollars per share)	1.83	0.58	0.68	1.54
Weighted-average common shares outstanding - basic (in shares)	855,000,000	853,000,000	848,000,000	843,000,000
Weighted-average common shares outstanding - diluted (in shares)	871,000,000	869,000,000	859,000,000	857,000,000