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Corning GLW Debt-to-equity

Debt-to-equity at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.8×+0.1×
Danaher logo
DanaherDHR
0.4×0.0×
Amphenol logo
AmphenolAPH
-0.7×
Amkor Technology logo
Amkor TechnologyAMKR
0.4×0.0×
Coherent logo
CoherentCOHR
0.3×-0.4×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
2.2×-0.8×

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
Current ratio1.6×-0.1×

Where this comes from

Calculated from Corning’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
Corning (GLW) reported debt-to-equity of 0× in Q1 2026.
How has Corning's debt-to-equity changed year-over-year?
Corning's debt-to-equity decreased by 96.9% year-over-year, from 0.7× to 0×.
What is the long-term trend for Corning's debt-to-equity?
Over 4 years (2021 to 2025), Corning's debt-to-equity has grown at a 5.7% compound annual growth rate (CAGR), from 2.5× to 3.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.