Corning Incorporated's Income Statement Analysis: Revenue to Profit Breakdown
Corning Incorporated's Income Statement Analysis: Revenue to Profit Breakdown
|
|
Chart |
FY21
Dec 31, 2021
|
FY22
Dec 31, 2022
|
FY23
Dec 31, 2023
|
FY24
Dec 31, 2024
|
FY25
Dec 31, 2025
|
TTM
Trailing 12M
|
|---|---|---|---|---|---|---|---|
|
Revenue
Total sales generated. |
|
$14.08 B | $14.19 B | $12.59 B | $13.12 B | $15.63 B | $16.32 B |
|
Cost of Revenue Direct cost of goods/services. |
|
$9.02 B | $9.68 B | $8.66 B | $8.84 B | $10.12 B | $10.40 B |
Gross Profit Revenue minus cost of revenue. |
|
$5.06 B | $4.51 B | $3.93 B | $4.28 B | $5.51 B | $5.93 B |
|
Operating Expense
Costs to run business. |
|
$2.95 B | $3.07 B | $3.04 B | $3.14 B | $3.18 B | $3.43 B |
Research and Development Investment in innovation. |
|
$995.00 M | $1.05 B | $1.08 B | $1.09 B | $1.11 B | $1.12 B |
|
Sales, General and Administrative
Selling and admin costs. |
|
$1.83 B | $1.90 B | $1.84 B | $1.93 B | $2.07 B | $2.23 B |
General and Administrative Corporate overhead costs. |
|
- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
|
- | - | - | - | - | - |
Other Expenses Other operating costs. |
|
$129.00 M | $123.00 M | $122.00 M | $121.00 M | - | $78.00 M |
Operating Income Profit from operations. |
|
$2.11 B | $1.44 B | $890.00 M | $1.14 B | $2.33 B | $2.50 B |
|
Net Interest Income
Interest income minus expense. |
|
-$289.00 M | -$277.00 M | -$291.00 M | -$282.00 M | -$298.00 M | -$311.00 M |
Interest Income Income from investments. |
|
$11.00 M | $15.00 M | $38.00 M | $47.00 M | $38.00 M | $35.00 M |
Interest Expense Cost of borrowing. |
|
$300.00 M | $292.00 M | $329.00 M | $329.00 M | $336.00 M | $346.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
|
-$614.00 M | -$651.00 M | -$255.00 M | -$7.00 M | -$57.00 M | -$233.00 M |
Total Other Income (Net) Net non-operating items. |
|
$314.00 M | $359.00 M | -$74.00 M | -$322.00 M | -$279.00 M | -$158.00 M |
Income Before Tax Profit before taxes. |
|
$2.43 B | $1.80 B | $816.00 M | $813.00 M | $2.05 B | $2.34 B |
Income Tax Expense Taxes on income. |
|
$491.00 M | $411.00 M | $168.00 M | $221.00 M | $310.00 M | $376.00 M |
|
Net Income
Final profit. |
|
$1.91 B | $1.32 B | $581.00 M | $506.00 M | $1.60 B | $1.81 B |
Net Income From Continuing Operations Profit from core business. |
|
$1.94 B | $1.39 B | $648.00 M | $592.00 M | $1.74 B | $1.97 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
|
- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
|
- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
|
- | - | - | - | - | - |
|
Earnings Per Share
Company profit allocated to each outstanding share. |
|||||||
EPS Earnings per share. Formula: Net Income ÷ Shares |
|
$1.30 | $1.56 | $0.69 | $0.59 | $1.86 | $2.11 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
|
$1.28 | $1.54 | $0.68 | $0.58 | $1.85 | $2.10 |
|
Shares for EPS
Number of shares used to calculate EPS. |
|||||||
Weighted Average Shares Outst. Avg shares used for EPS. |
|
828.00 M | 843.00 M | 848.00 M | 853.00 M | 860.00 M | 862.79 M |
Diluted Average Shares Outst. Shares including dilution. |
|
844.00 M | 857.00 M | 859.00 M | 869.00 M | 860.00 M | 862.79 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
|
$2.73 B | $2.09 B | $1.15 B | $1.14 B | $2.39 B | $2.73 B |
EBITDA Earnings before interest, tax, D&A. |
|
$4.21 B | $3.54 B | $2.51 B | $2.49 B | $3.74 B | $3.77 B |
Depreciation and Amortization Non-cash expense for assets. |
|
$1.48 B | $1.45 B | $1.37 B | $1.35 B | $1.35 B | $1.04 B |
| Company Report |
Corning Incorporated's Assets vs Liabilities & Equity
| Loading balance sheet when needed... |
| Loading cash flow statement when needed... |
| Loading profitability metrics when needed... |




