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Year on year Corning Inc 's revenues fell -11.28% from 14.19bn to 12.59bn. This along with an increase in selling, general and administrative costs has contributed to a reduction in net income from 1.32bn to 581.00m, a -55.85% decrease.
| Gross margin | 31.12% |
|---|---|
| Net profit margin | 4.04% |
| Operating margin | 6.08% |
| Return on assets | 1.79% |
|---|---|
| Return on equity | 3.97% |
| Return on investment | 2.17% |
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Cash flow in USDView more
In 2023, Corning Inc increased its cash reserves by 6.46%, or 108.00m. The company earned 2.01bn from its operations for a Cash Flow Margin of 15.93%. In addition the company used 1.00bn on investing activities and also paid 883.00m in financing cash flows.
| Cash flow per share | 2.20 |
|---|---|
| Price/Cash flow per share | 19.55 |
| Book value per share | 12.99 |
|---|---|
| Tangible book value per share | 9.06 |
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Balance sheet in USDView more
| Current ratio | 1.57 |
|---|---|
| Quick ratio | 0.9808 |
| Total debt/total equity | 0.6881 |
|---|---|
| Total debt/total capital | 0.40 |
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Growth rates in USD
Year on year, growth in dividends per share increased 3.70% while earnings per share excluding extraordinary items fell by -55.95%. The positive trend in dividend payments is noteworthy since very few companies in the Electronic Instr. & Controls industry pay a dividend. Additionally when measured on a five year annualized basis, dividend per share growth is in-line with the industry average relative to its peers, while earnings per share growth is below the industry average.
| Div yield(5 year avg) | 2.97% |
|---|---|
| Div growth rate (5 year) | 9.24% |
| Payout ratio (TTM) | 226.77% |
| EPS growth(5 years) | -9.80 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -31.24 |
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