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Corning GLW Free cash flow margin

Free cash flow margin at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.7%-2.1pp
Danaher logo
DanaherDHR
21.4%+0.8pp
Amphenol logo
AmphenolAPH
17.9%+4.6pp
Amkor Technology logo
Amkor TechnologyAMKR
2.4%-1.7pp
Coherent logo
CoherentCOHR
-8.1%-12.7pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
4.2%

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 free cash flow margin?
Corning (GLW) reported free cash flow margin of 9.2% in Q1 2026.
How has Corning's free cash flow margin changed year-over-year?
Corning's free cash flow margin increased by 16.4% year-over-year, from 7.9% to 9.2%.
What is the long-term trend for Corning's free cash flow margin?
Over 2 years (2023 to 2025), Corning's free cash flow margin has grown at a 60.0% compound annual growth rate (CAGR), from 12.9% to 33.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.