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Corning GLW Asset turnover

Asset turnover at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×
Danaher logo
DanaherDHR
0.3×0.0×
Amphenol logo
AmphenolAPH
0.8×-0.1×
Amkor Technology logo
Amkor TechnologyAMKR
0.9×0.0×
Coherent logo
CoherentCOHR
0.4×0.0×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
0.5×+0.1×

Other financials

Income statement

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Revenue$4.1B+20.1%
Gross profit$1.5B+25.9%
Operating income$639.0M+43.6%
Net income$371.0M+136%
EPS (diluted)$0.43+139%

Balance sheet

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Cash & equivalents$1.8B+29.1%
Total debt$248.0M-96.6%
Total equity$11.8B+10.2%
Total assets$31.3B+14.1%

Cash flow

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Operating cash flow$362.0M+140%
CapEx$332.0M+59.6%
Free cash flow$30.0M+153%

Valuation

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Market cap$150.96B+198%
Enterprise value$149.45B+155%
P/E83.4×-28.3×
P/S9.3×+5.5×

Profitability

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Gross margin36.4%+3.3pp
Operating margin15.2%+5.4pp
Net margin11.1%+7.8pp

Returns & leverage

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Return on equity16.1%+11.9pp
Debt / equity-0.7×
Current ratio1.6×-0.1×

Where this comes from

Calculated from Corning’s reported figures.

Based on trailing twelve months.

The official record: Corning’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corning's asset turnover?
Corning (GLW) reported asset turnover of 0.6× in Q1 2026.
How has Corning's asset turnover changed year-over-year?
Corning's asset turnover increased by 12.6% year-over-year, from 0.5× to 0.6×.
What is the long-term trend for Corning's asset turnover?
Over 2 years (2023 to 2025), Corning's asset turnover has grown at a 6.2% compound annual growth rate (CAGR), from 1.8× to 2×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.