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Corning GLW EV / sales

EV / sales at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
5.1×-0.9×
Danaher logo
DanaherDHR
-0.8×
Amphenol logo
AmphenolAPH
6.7×+0.9×
Amkor Technology logo
Amkor TechnologyAMKR
1.6×+0.9×
Coherent logo
CoherentCOHR
6.9×+4.7×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
22.6×+18.1×

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 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 EV / sales?
Corning (GLW) reported EV / sales of 7.1× in Q1 2026.
How has Corning's EV / sales changed year-over-year?
Corning's EV / sales increased by 112.5% year-over-year, from 3.3× to 7.1×.
What is the long-term trend for Corning's EV / sales?
Over 2 years (2023 to 2025), Corning's EV / sales has grown at a 30.0% compound annual growth rate (CAGR), from 10.3× to 17.5×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.