Corning (GLW) Stock Analysis

November 11, 2026

This is a peer-relative look at Corning (GLW): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Corning (GLW)
Profile Item	GLW
Name	Corning Incorporated
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Electronic Components
Market Capitalization	91.42 billion USD
Currency	USD
Exchange	NYSE
Listing Date	December 31, 1981
Security Type	Common Stock

Price Performance

Cumulative Growth

GLW

GSPC

Corning (GLW) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Corning (GLW) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Corning (GLW) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Total Return (1Y)	35.36%	19.81%
Total Return (3Y, Annualized)	65.24%	26.50%
Total Return (5Y, Annualized)	27.74%	9.52%

Risk Profile

Drawdown History

GLW

GSPC

Corning (GLW) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Corning (GLW) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Volatility (1Y, Annualized)	76.20%	55.75%
Beta (5Y)	1.25	1.39
Max Drawdown (5Y)	-59.47%	-58.83%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. GLW is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Sharpe Ratio (1Y)	0.41	0.28
Sortino Ratio (1Y)	0.60	0.40

Profitability

ROE (TTM)

Corning (GLW) posts ROE of 17.88%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

GLW

Technology Hardware & Equipment industry group

17.88%

Group distribution

Max: 42.47%
Q3: 19.13%
GLW: 17.88%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Largest peers

AAPL: 142.26%
SNDK: 141.17%
APH: 40.08%
ANET: 33.52%
CSCO: 27.32%
GLW: 17.88%
DELL: --

Where Corning (GLW) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Corning (GLW) keeps 12.13% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

GLW

Technology Hardware & Equipment industry group

12.13%

Group distribution

Max: 27.60%
GLW: 12.13%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Largest peers

SNDK: 67.04%
ANET: 39.97%
AAPL: 27.60%
CSCO: 20.95%
APH: 17.95%
GLW: 12.13%
DELL: 7.53%

Where Corning (GLW) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Corning (GLW) turns 18.95% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

GLW

Technology Hardware & Equipment industry group

18.95%

Group distribution

Max: 36.27%
GLW: 18.95%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Largest peers

SNDK: 79.59%
ANET: 44.90%
AAPL: 31.13%
APH: 29.68%
CSCO: 27.72%
GLW: 18.95%
DELL: 12.02%

Where Corning (GLW) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
ROE (TTM)	17.88%	11.00%
ROA (TTM)	5.80%	4.78%
Net Margin (TTM)	12.13%	4.08%
Operating Margin (TTM)	18.95%	8.84%
Gross Margin (TTM)	36.48%	39.87%

Growth

Revenue Growth

Corning (GLW) grew revenue 19.14%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Corning (GLW): Revenue Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

EPS Growth

Corning (GLW) grew earnings per share 215.52%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Corning (GLW): EPS Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

Growth Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Revenue Growth (YoY)	19.14%	10.87%
Revenue Growth (3Y CAGR)	3.27%	2.79%
EPS Growth (YoY)	215.52%	14.29%
EPS Growth (3Y CAGR)	5.92%	3.49%

Financial Strength

Current Ratio (MRQ)

Corning (GLW) has current ratio of 1.72, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

GLW

Technology Hardware & Equipment industry group

1.72

Group distribution

Max: 5.34
Q3: 3.02
Median: 1.95
GLW: 1.72
Q1: 1.32
Min: 0.17

Largest peers

ANET: 3.29
SNDK: 2.58
APH: 1.94
GLW: 1.72
AAPL: 1.02
DELL: 0.96
CSCO: 0.93

Where Corning (GLW) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Corning (GLW) has debt-to-equity ratio of 0.64, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

GLW

Technology Hardware & Equipment industry group

0.64

Group distribution

Max: 1.76
Q3: 0.78
GLW: 0.64
Median: 0.24
Q1: 0.04
Min: 0.01

Largest peers

APH: 1.03
AAPL: 0.84
GLW: 0.64
CSCO: 0.62
SNDK: 0.01
ANET: --
DELL: --

Where Corning (GLW) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Current Ratio (MRQ)	1.72	1.95
Debt / Equity (MRQ)	0.64	0.24
Net Debt / EBITDA	1.49	0.16

Dividends

Dividend Yield (TTM)

Corning (GLW) has dividend yield of 1.08%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

GLW

Technology Hardware & Equipment industry group

1.08%

Group distribution

GLW: 1.08%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.73%
GLW: 1.08%
DELL: 0.73%
APH: 0.70%
AAPL: 0.31%
ANET: 0.00%
SNDK: 0.00%

Where Corning (GLW) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Corning (GLW) has payout ratio of 45.34%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

GLW

Technology Hardware & Equipment industry group

45.34%

Group distribution

GLW: 45.34%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 49.85%
GLW: 45.34%
APH: 21.74%
DELL: 13.43%
AAPL: 11.80%
ANET: 0.00%
SNDK: 0.00%

Where Corning (GLW) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Dividend Yield (TTM)	1.08%	0.00%
Dividend Payout Ratio (TTM)	45.34%	0.00%

Valuation

P/E Ratio (TTM)

Corning (GLW) trades at P/E ratio of 42.97, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

GLW

Technology Hardware & Equipment industry group

42.97

Group distribution

Max: 69.48
GLW: 42.97
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Largest peers

ANET: 45.79
GLW: 42.97
AAPL: 38.13
APH: 32.43
CSCO: 28.18
DELL: 19.10
SNDK: 6.67

Where Corning (GLW) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Corning (GLW) trades at 5.16 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

GLW

Technology Hardware & Equipment industry group

5.16

Group distribution

Max: 11.30
Q3: 5.82
GLW: 5.16
Median: 2.56
Q1: 1.05
Min: 0.00

Largest peers

ANET: 18.15
AAPL: 10.39
CSCO: 5.84
APH: 5.57
GLW: 5.16
SNDK: 4.10
DELL: 1.38

Where Corning (GLW) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Corning (GLW) trades at 7.03 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

GLW

Technology Hardware & Equipment industry group

7.03

Group distribution

Max: 10.75
GLW: 7.03
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Largest peers

AAPL: 44.39
ANET: 13.12
APH: 10.75
CSCO: 7.36
GLW: 7.03
SNDK: 6.63
DELL: -147.32

Where Corning (GLW) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
P/E Ratio (TTM)	42.97	26.39
P/S Ratio (TTM)	5.16	2.56
P/B Ratio (MRQ)	7.03	3.17
Free Cash Flow Yield (TTM)	0.95%	2.83%