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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%+0.4pp
Clearfield logo
ClearfieldCLFD
0.6%+0.3pp
Amphenol logo
AmphenolAPH
54.3%+34.1pp
Belden logo
BeldenBDC
12.2%+0.5pp
Optical Cable logo
Optical CableOCC
9.6%+6.5pp

Other financials

Income statement

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Revenue$4.5B+16.6%
Gross profit$1.6B+17.0%
Operating income$698.0M+21.8%
Net income$559.0M+19.2%
EPS (diluted)$0.64+18.5%

Balance sheet

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Cash & equivalents$2.5B+67.9%
Total debt$8.5B+12.0%
Total equity$12.6B+13.0%
Total assets$33.0B+14.6%

Cash flow

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Operating cash flow$1.7B+143%
CapEx$422.0M+37.0%
Free cash flow$1.3B+224%

Valuation

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Market cap$118.84B+119%
Enterprise value$124.85B+106%
P/E62.6×-1.7×
P/S+3.2×

Profitability

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Gross margin36.4%+1.6pp
Operating margin15.3%+3.3pp
Net margin11.2%+5.2pp
FCF margin14.1%+5.7pp

Returns & leverage

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Return on equity16.1%+8.2pp
Debt / equity0.7×0.0×
Current ratio1.8×+0.3×

Where this comes from

Calculated from Corning’s reported figures.

Based on trailing twelve months.

The source filing: Corning’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 12:22 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000024741-26-000255

FAQ

What is Corning's return on invested capital?
Corning (GLW) reported return on invested capital of 12.5% in Q2 2026.
How has Corning's return on invested capital changed year-over-year?
Corning's return on invested capital increased by 55.0% year-over-year, from 8.1% to 12.5%.
What is the long-term trend for Corning's return on invested capital?
Over 4 years (2020 to 2025), Corning's return on invested capital has grown at a 47.0% compound annual growth rate (CAGR), from 2.2% to 10.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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