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The present corporation was incorporated in the State of New York in December 1936. The Company s name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989.
$200.40
+$23.70 (+13.41%)
Last close via Marketstack
14.58% operating margin is respectable but not wide. ROIC at 9.52%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 19.1% YoY with margins expanding 5.9pp.
At 96x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $9.08B represents 6.4x FCF, leverage limits flexibility.
96.3x earnings, 116.4x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$16.32B
▲ +19.1% YoY
Net Income (TTM)
$1.78B
▲ +215.4% YoY
Op. Margin
15.15%
▲ +5.9pp YoY
ROIC
9.81%
▲ +4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.50B
▲ +45.1% YoY
Op. Cash Flow (TTM)
$2.91B
▲ +39.0% YoY
Net Debt
$8.32B
Cash & Equiv.
$1.75B
5Y CAGR: +6.7%
5Y CAGR: +12.0%
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