CLS vs. GLW: Celestica vs. Corning Stock Comparison

November 11, 2026

How do Celestica (CLS) and Corning (GLW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Celestica (CLS) and Corning (GLW) both belong to the Electronic Equipment, Instruments & Components industry, though CLS is classified under Electronic Manufacturing Services while GLW falls under Electronic Components.

Company profile comparison for Celestica (CLS) and Corning (GLW)
Profile Item	CLS	GLW
Name	Celestica Inc.	Corning Incorporated
Country/Region	Canada	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Electronic Manufacturing Services	Electronic Components
Market Capitalization	26.06 billion USD	91.42 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 30, 1998	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CLS

GLW

GSPC

Celestica (CLS) vs. Corning (GLW), with S&P 500 (GSPC) for reference: 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 Celestica (CLS) and Corning (GLW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Celestica (CLS) and Corning (GLW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Total Return (1Y)	-30.98%	35.36%
Total Return (3Y, Annualized)	108.72%	65.24%
Total Return (5Y, Annualized)	80.82%	27.74%

Risk Profile

Drawdown History

CLS

GLW

GSPC

Celestica (CLS) vs. Corning (GLW), with S&P 500 (GSPC) for reference: 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 Celestica (CLS) and Corning (GLW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Celestica (CLS) carries a highly aggressive beta of 2.16, indicating much higher sensitivity to broad-market moves, whereas Corning (GLW) is closer to market-like at 1.25 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Volatility (1Y, Annualized)	80.89%	76.20%
Beta (5Y)	2.16	1.25
Max Drawdown (5Y)	-56.47%	-59.47%
Avg. Volume (3M)	2.61M	9.07M

Risk-Adjusted Performance

Risk-Return Positioning

CLS and GLW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Sharpe Ratio (1Y)	-0.44	0.41
Sortino Ratio (1Y)	-0.59	0.60

Profitability

ROE (TTM)

Celestica (CLS) at 30.23% sits in the top ROE quartile, while Corning (GLW) at 17.88% is closer to the peer norm — stronger capital efficiency for CLS.

CLS

Technology Hardware & Equipment industry group

30.23%

Max: 42.47%
CLS: 30.23%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

GLW

Technology Hardware & Equipment industry group

17.88%

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

Celestica (CLS) vs. Corning (GLW): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Corning (GLW) at 12.13% retains a top-quartile share of revenue as profit, ahead of Celestica (CLS) at 6.83%, which keeps about the industry-typical share.

CLS

Technology Hardware & Equipment industry group

6.83%

Max: 27.60%
Q3: 11.66%
CLS: 6.83%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

GLW

Technology Hardware & Equipment industry group

12.13%

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

Celestica (CLS) vs. Corning (GLW): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Corning (GLW) at 18.95% operates in the top operating margin quartile, ahead of Celestica (CLS) at 7.91%, which runs around its industry’s norm.

CLS

Technology Hardware & Equipment industry group

7.91%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
CLS: 7.91%
Q1: 1.46%
Min: -21.39%

GLW

Technology Hardware & Equipment industry group

18.95%

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

Celestica (CLS) vs. Corning (GLW): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
ROE (TTM)	30.23%	17.88%
ROA (TTM)	8.72%	5.80%
Net Margin (TTM)	6.83%	12.13%
Operating Margin (TTM)	7.91%	18.95%
Gross Margin (TTM)	11.46%	36.48%

Growth

Revenue Growth

Celestica (CLS) at 28.46% sits in the top revenue growth quartile, while Corning (GLW) at 19.14% is closer to the peer norm — faster top-line expansion for CLS.

Celestica (CLS) vs. Corning (GLW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Corning (GLW) at 215.52% is the standout with EPS growth above its industry range; Celestica (CLS) at 98.34% also sits in the top quartile.

Celestica (CLS) vs. Corning (GLW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Revenue Growth (YoY)	28.46%	19.14%
Revenue Growth (3Y CAGR)	19.56%	3.27%
EPS Growth (YoY)	98.34%	215.52%
EPS Growth (3Y CAGR)	82.39%	5.92%

Financial Strength

Current Ratio (MRQ)

Both Celestica (CLS) at 1.61 and Corning (GLW) at 1.72 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CLS

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
CLS: 1.61
Q1: 1.32
Min: 0.17

GLW

Technology Hardware & Equipment industry group

1.72

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

Celestica (CLS) vs. Corning (GLW): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Celestica (CLS) at 0.17 and Corning (GLW) at 0.64 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CLS

Technology Hardware & Equipment industry group

0.17

Max: 1.76
Q3: 0.78
Median: 0.24
CLS: 0.17
Q1: 0.04
Min: 0.01

GLW

Technology Hardware & Equipment industry group

0.64

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

Celestica (CLS) vs. Corning (GLW): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Current Ratio (MRQ)	1.61	1.72
Debt / Equity (MRQ)	0.17	0.64
Net Debt / EBITDA	-1.72	1.49

Dividends

Dividend Yield (TTM)

Celestica (CLS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Corning (GLW) reports a yield of 1.08%, ranking against industry peers normally.

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
CLS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GLW

Technology Hardware & Equipment industry group

1.08%

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

Celestica (CLS) vs. Corning (GLW): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Celestica (CLS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Corning (GLW) reports a payout of 45.34%, ranking against industry peers normally.

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
CLS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GLW

Technology Hardware & Equipment industry group

45.34%

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

Celestica (CLS) vs. Corning (GLW): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
Dividend Yield (TTM)	0.00%	1.08%
Dividend Payout Ratio (TTM)	0.00%	45.34%

Valuation

P/E Ratio (TTM)

Celestica (CLS) at 19.50 is near its industry’s usual P/E ratio, while Corning (GLW) at 42.97 sits in the richer quartile — GLW needs stronger growth or earnings quality to justify the premium.

CLS

Technology Hardware & Equipment industry group

19.50

Max: 69.48
Q3: 41.02
Median: 26.39
CLS: 19.50
Q1: 19.36
Min: 6.07

GLW

Technology Hardware & Equipment industry group

42.97

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

Celestica (CLS) vs. Corning (GLW): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Celestica (CLS) at 1.43 and Corning (GLW) at 5.16 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CLS

Technology Hardware & Equipment industry group

1.43

Max: 11.30
Q3: 5.82
Median: 2.56
CLS: 1.43
Q1: 1.05
Min: 0.00

GLW

Technology Hardware & Equipment industry group

5.16

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

Celestica (CLS) vs. Corning (GLW): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Celestica (CLS) at 4.19 is valued about in line with its industry on P/B ratio, while Corning (GLW) at 7.03 carries an above-peer premium to book — GLW is pricier on assets.

CLS

Technology Hardware & Equipment industry group

4.19

Max: 10.75
Q3: 5.52
CLS: 4.19
Median: 3.17
Q1: 1.79
Min: 0.33

GLW

Technology Hardware & Equipment industry group

7.03

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

Celestica (CLS) vs. Corning (GLW): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Celestica (CLS) and Corning (GLW)
Metric	CLS	GLW
P/E Ratio (TTM)	19.50	42.97
P/S Ratio (TTM)	1.43	5.16
P/B Ratio (MRQ)	4.19	7.03
Free Cash Flow Yield (TTM)	3.08%	0.95%