Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Corning Inc.

GLW stock analysis · Information Technology · Electronic Components

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$255.43HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$219.8B

Price × SEC outstanding shares. Shares measured 2026-04-24. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$24.94

Equity cash-flow scenario · SEC outstanding shares at 2026-04-24 · -90.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

73.1%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-68.3%

65 sector peers · median 43.6×

How this is calculated ↗
Valuation

Historical multiples

70.0×

7 annual observations · snapshot P/E 137.7× · 96.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

0.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.1%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

22/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.2%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

9.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 3.4B2020-12-31: cfo $2,180,000,000.002020-12-31: capex $1,377,000,000.0020202021-12-31: cfo $3,412,000,000.002021-12-31: capex $1,637,000,000.0020212022-12-31: cfo $2,615,000,000.002022-12-31: capex $1,604,000,000.0020222023-12-31: cfo $2,005,000,000.002023-12-31: capex $1,390,000,000.0020232024-12-31: cfo $1,939,000,000.002024-12-31: capex $965,000,000.0020242025-12-31: cfo $2,695,000,000.002025-12-31: capex $1,282,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$31.28$34.13$37.19
10.0%$22.92$24.94$27.10
12.0%$18.08$19.62$21.27

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3115.6B1.7B2.7B1.3B31B
2024-12-3113.1B592M1.9B965M27.7B
2023-12-3112.6B648M2B1.4B28.5B
2022-12-3114.2B1.4B2.6B1.6B29.5B
2021-12-3114.1B1.9B3.4B1.6B30.2B
2020-12-3111.3B523M2.2B1.4B30.8B
2019-12-3111.5B979M2B2B28.9B
2018-12-3111.3B1.1B2.9B2.2B27.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue15.6BRevenues2026-02-12
netIncome1.7BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent/common earnings proxy1.6BNetIncomeLoss2026-02-12
cfo2.7BNetCashProvidedByUsedInOperatingActivities2026-02-12
capex1.3BPaymentsForCapitalImprovements2026-02-12
operatingIncome2.3BOperatingIncomeLoss2026-02-12
assets31BAssets2026-02-12
equity12.3BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent book equity proxy11.8BStockholdersEquity2026-02-12
debt8.4BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-12
shortDebtNot reported under a supported tag
cash1.5BCashAndCashEquivalentsAtCarryingValue2026-02-12
shares871MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-12
dividendsNot reported under a supported tag
buybacks163MPaymentsForRepurchaseOfCommonStock2026-02-12
issuanceNot reported under a supported tag