CORNING INC /NY
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 8,425 | 41.6 |
| Stockholders' equity | 11,807 | 58.4 |
| Total capitalization | 20,232 | 100.0 |
861,388,331 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 29 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 8,425 |
| Long-term debt, noncurrent | 7,630 |
| Current maturities | 795 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 3,800,000,000 |
| Common shares issued | 1,800,000,000 |
| Treasury shares | 992,000,000 |
| Par or stated value per share ($) | 0.5 |
| Outstanding at 7/24/26 | 861,388,331 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.12 | 61.2 |
| 2024 | 1.12 | 193.1 |
| 2023 | 1.12 | 164.7 |
| 2022 | 1.08 | 70.1 |
| 2021 | 0.96 | 75.0 |
HISTORY AND BUSINESS
HISTORY: Incorporated in New York.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3357, Drawing & Insulating of Nonferrous Wire. Large accelerated filer. Principal executive office: One Riverfront Plaza, Corning, NY 14831. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 15,629 | 13,118 | 12,588 |
| Cost of revenues | 10,008 | 8,842 | 8,657 |
| Gross profit | 5,621 | 4,276 | 3,931 |
| Research and development | 800 | 800 | 900 |
| Selling, general and administrative | 2,122 | 1,931 | 1,843 |
| Depreciation and amortization | 1,237 | 1,229 | 1,247 |
| Operating income | 2,279 | 1,135 | 890 |
| Interest expense | 336 | 329 | 329 |
| Income before income taxes | 2,052 | 813 | 816 |
| Income taxes | 310 | 221 | 168 |
| Net income | 1,596 | 506 | 581 |
| Earned per share, diluted ($) | 1.83 | 0.58 | 0.68 |
| Dividends per share ($) | 1.12 | 1.12 | 1.12 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,526 | 1,768 |
| Receivables, net | 2,779 | 2,053 |
| Inventories | 3,077 | 2,724 |
| Total current assets | 8,936 | 7,992 |
| Property, plant and equipment, net | 14,825 | 13,359 |
| Goodwill | 2,489 | 2,363 |
| Total assets | 30,976 | 27,735 |
| Total current liabilities | 5,628 | 4,919 |
| Long-term debt | 7,630 | 6,885 |
| Total liabilities | 18,669 | 16,665 |
| Stockholders' equity | 11,807 | 10,686 |
| Total liabilities and equity | 30,976 | 27,735 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 15,629 | 2,279 | 1,596 | 10.2 | 1.83 | 1.12 | 2,695 | 1,282 | 1,413 | 30,976 | 18,669 | 8,425 | 11,807 | 13.5 | 0.71 |
| 12/31/24 | 13,118 | 1,135 | 506 | 3.9 | 0.58 | 1.12 | 1,939 | 965 | 974 | 27,735 | 16,665 | 7,211 | 10,686 | 4.7 | 0.67 |
| 12/31/23 | 12,588 | 890 | 581 | 4.6 | 0.68 | 1.12 | 2,005 | 1,390 | 615 | 28,500 | 16,632 | 7,526 | 11,551 | 5.0 | 0.65 |
| 12/31/22 | 14,189 | 1,438 | 1,316 | 9.3 | 1.54 | 1.08 | 2,615 | 1,604 | 1,011 | 29,499 | 17,224 | 6,911 | 12,008 | 11.0 | 0.58 |
| 12/31/21 | 14,082 | 2,112 | 1,906 | 13.5 | 1.28 | 0.96 | 3,412 | 1,637 | 1,775 | 30,154 | 17,609 | 7,044 | 12,333 | 15.5 | 0.57 |
| 12/31/20 | 11,303 | 509 | 512 | 4.5 | 0.54 | 0.88 | 2,180 | 1,377 | 803 | 30,775 | 17,327 | 7,972 | 13,257 | 3.9 | 0.60 |
| 12/31/19 | 11,503 | 1,306 | 960 | 8.3 | 1.07 | 0.80 | 2,031 | 1,978 | 53 | 28,898 | 15,901 | 7,740 | 12,907 | 7.4 | 0.60 |
| 12/31/18 | 11,290 | 1,575 | 1,066 | 9.4 | 1.13 | 0.72 | 2,919 | 2,242 | 677 | 27,505 | 13,619 | 5,998 | 13,792 | 7.7 | 0.43 |
| 12/31/17 | 10,116 | 1,608 | (497) | -4.9 | (0.66) | 0.62 | 2,004 | – | – | 27,494 | 11,724 | 5,128 | 15,698 | -3.2 | 0.33 |
| 12/31/16 | 9,390 | 1,424 | 3,695 | 39.4 | 3.23 | 0.54 | 2,537 | – | – | 27,899 | 9,939 | 3,902 | 17,893 | 20.7 | 0.22 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
CORNING INC /NY
CIK 24741 · EIN 16-0393470
PRINCIPAL OFFICE:
One Riverfront Plaza, Corning, NY 14831
Tel.: 6079749000
INCORPORATED:
New York
INDUSTRY (SEC SIC CODE):
3357 · Drawing & Insulating of Nonferrous Wire
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/12/24) · 10-K FY2022 (filed 2/13/23) · 10-K FY2021 (filed 2/14/22) · 10-K FY2020 (filed 2/12/21) · 10-K FY2019 (filed 2/18/20) · 10-K FY2018 (filed 2/12/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.