Corning Incorporated
GLWFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
13,118
Cost of Revenue
8,842
Gross Profit
4,276
Gross Margin
32.6%
Operating Income
1,135
Operating Margin
8.7%
Net Income
506
Net Margin
3.9%
EPS (Basic)
$0.59
EPS (Diluted)
$0.58
EBITDA
2,492
EBITDA Margin
19.0%
2023
12/31/2023
Revenue
12,588
Cost of Revenue
8,657
Gross Profit
3,931
Gross Margin
31.2%
Operating Income
890
Operating Margin
7.1%
Net Income
581
Net Margin
4.6%
EPS (Basic)
$0.69
EPS (Diluted)
$0.68
EBITDA
2,514
EBITDA Margin
20.0%
2022
12/31/2022
Revenue
14,189
Cost of Revenue
9,683
Gross Profit
4,506
Gross Margin
31.8%
Operating Income
1,438
Operating Margin
10.1%
Net Income
1,316
Net Margin
9.3%
EPS (Basic)
$1.56
EPS (Diluted)
$1.54
EBITDA
3,541
EBITDA Margin
25.0%
2021
12/31/2021
Revenue
14,082
Cost of Revenue
9,019
Gross Profit
5,063
Gross Margin
36.0%
Operating Income
2,112
Operating Margin
15.0%
Net Income
1,906
Net Margin
13.5%
EPS (Basic)
$1.30
EPS (Diluted)
$1.28
EBITDA
4,207
EBITDA Margin
29.9%
2020
12/31/2020
Revenue
11,303
Cost of Revenue
7,772
Gross Profit
3,531
Gross Margin
31.2%
Operating Income
509
Operating Margin
4.5%
Net Income
512
Net Margin
4.5%
EPS (Basic)
$0.54
EPS (Diluted)
$0.54
EBITDA
2,419
EBITDA Margin
21.4%