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Corning GLW Return on invested capital

Return on invested capital at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
8.5%+0.5pp
Danaher logo
DanaherDHR
6%-0.1pp
Amphenol logo
AmphenolAPH
54.3%+34.1pp
Amkor Technology logo
Amkor TechnologyAMKR
9.6%+2.1pp
Coherent logo
CoherentCOHR
2.7%+2.1pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
3.9%+2.2pp

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 return on invested capital?
Corning (GLW) reported return on invested capital of 15.4% in Q1 2026.
How has Corning's return on invested capital changed year-over-year?
Corning's return on invested capital increased by 170.6% year-over-year, from 5.7% to 15.4%.
What is the long-term trend for Corning's return on invested capital?
Over 2 years (2023 to 2025), Corning's return on invested capital has grown at a 29.9% compound annual growth rate (CAGR), from 19.6% to 33.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.