Corning Incorporated
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories f… Read more
Corning Incorporated (GLW) - Net Assets
Latest net assets as of December 2025: $12.31 Billion USD
Based on the latest financial reports, Corning Incorporated (GLW) has net assets worth $12.31 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.98 Billion) and total liabilities ($18.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.31 Billion |
| % of Total Assets | 39.73% |
| Annual Growth Rate | 6.02% |
| 5-Year Change | -1.9% |
| 10-Year Change | -31.48% |
| Growth Volatility | 54.14 |
Corning Incorporated - Net Assets Trend (1985–2025)
This chart illustrates how Corning Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Corning Incorporated (1985–2025)
The table below shows the annual net assets of Corning Incorporated from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $12.31 Billion | +11.17% |
| 2024-12-31 | $11.07 Billion | -6.72% |
| 2023-12-31 | $11.87 Billion | -3.32% |
| 2022-12-31 | $12.28 Billion | -2.15% |
| 2021-12-31 | $12.54 Billion | -6.71% |
| 2020-12-31 | $13.45 Billion | +3.47% |
| 2019-12-31 | $13.00 Billion | -6.40% |
| 2018-12-31 | $13.89 Billion | -11.86% |
| 2017-12-31 | $15.76 Billion | -12.28% |
| 2016-12-31 | $17.96 Billion | -4.79% |
| 2015-12-31 | $18.86 Billion | -12.88% |
| 2014-12-31 | $21.65 Billion | +2.08% |
| 2013-12-31 | $21.21 Billion | -1.50% |
| 2012-12-31 | $21.53 Billion | +1.91% |
| 2011-12-31 | $21.13 Billion | +8.77% |
| 2010-12-31 | $19.43 Billion | +24.57% |
| 2009-12-31 | $15.60 Billion | +15.60% |
| 2008-12-31 | $13.49 Billion | +41.39% |
| 2007-12-31 | $9.54 Billion | +30.87% |
| 2006-12-31 | $7.29 Billion | +29.00% |
| 2005-12-31 | $5.65 Billion | +47.00% |
| 2004-12-31 | $3.85 Billion | -30.09% |
| 2003-12-31 | $5.50 Billion | +15.79% |
| 2002-12-31 | $4.75 Billion | -14.15% |
| 2001-12-31 | $5.53 Billion | -48.68% |
| 2000-12-31 | $10.78 Billion | +326.89% |
| 1999-12-31 | $2.53 Billion | +13.01% |
| 1998-12-31 | $2.23 Billion | +12.76% |
| 1997-12-31 | $1.98 Billion | +19.46% |
| 1996-12-31 | $1.66 Billion | -39.98% |
| 1995-12-31 | $2.76 Billion | -4.66% |
| 1994-12-31 | $2.90 Billion | +48.14% |
| 1993-12-31 | $1.96 Billion | -5.54% |
| 1992-12-31 | $2.07 Billion | -4.16% |
| 1991-12-31 | $2.16 Billion | +9.04% |
| 1990-12-31 | $1.98 Billion | +10.85% |
| 1989-12-31 | $1.79 Billion | +14.60% |
| 1988-12-31 | $1.56 Billion | +1.63% |
| 1987-12-31 | $1.54 Billion | +13.55% |
| 1986-12-31 | $1.35 Billion | +14.08% |
| 1985-12-31 | $1.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Corning Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1486.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.55 Billion | 140.18% |
| Common Stock | $924.00 Million | 7.83% |
| Other Comprehensive Income | $-2.10 Billion | -17.83% |
| Total Equity | $11.81 Billion | 100.00% |
Corning Incorporated Competitors by Market Cap
The table below lists competitors of Corning Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
T-MOBILE US INC.DL-00001
XETRA:TM5
|
$101.23 Billion |
|
Mitsui & Company Ltd
PINK:MITSY
|
$101.34 Billion |
|
Adobe Systems Incorporated
NASDAQ:ADBE
|
$104.01 Billion |
|
Adobe Inc.
LSE:0R2Y
|
$104.26 Billion |
|
Reelcause Inc
PINK:RCIT
|
$100.28 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$100.27 Billion |
|
Canadian Natural Resources Ltd
NYSE:CNQ
|
$99.84 Billion |
|
UniCredit S.p.A.
WAR:UCG
|
$99.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Corning Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,686,000,000 to 11,807,000,000, a change of 1,121,000,000 (10.5%).
- Net income of 1,596,000,000 contributed positively to equity growth.
- Dividend payments of 999,000,000 reduced retained earnings.
- Share repurchases of 163,000,000 reduced equity.
- Other comprehensive income increased equity by 438,000,000.
- Other factors increased equity by 249,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.60 Billion | +13.52% |
| Dividends Paid | $999.00 Million | -8.46% |
| Share Repurchases | $163.00 Million | -1.38% |
| Other Comprehensive Income | $438.00 Million | +3.71% |
| Other Changes | $249.00 Million | +2.11% |
| Total Change | $- | 10.49% |
Book Value vs Market Value Analysis
This analysis compares Corning Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.46x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 56.45x to 9.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.30 | $129.89 | x |
| 1986-12-31 | $2.61 | $129.89 | x |
| 1987-12-31 | $2.84 | $129.89 | x |
| 1988-12-31 | $2.92 | $129.89 | x |
| 1989-12-31 | $3.08 | $129.89 | x |
| 1990-12-31 | $3.41 | $129.89 | x |
| 1991-12-31 | $3.52 | $129.89 | x |
| 1992-12-31 | $3.14 | $129.89 | x |
| 1993-12-31 | $2.84 | $129.89 | x |
| 1994-12-31 | $4.18 | $129.89 | x |
| 1995-12-31 | $3.09 | $129.89 | x |
| 1996-12-31 | $1.43 | $129.89 | x |
| 1997-12-31 | $1.82 | $129.89 | x |
| 1998-12-31 | $2.19 | $129.89 | x |
| 1999-12-31 | $2.55 | $129.89 | x |
| 2000-12-31 | $12.13 | $129.89 | x |
| 2001-12-31 | $5.80 | $129.89 | x |
| 2002-12-31 | $4.56 | $129.89 | x |
| 2003-12-31 | $5.39 | $129.89 | x |
| 2004-12-31 | $2.75 | $129.89 | x |
| 2005-12-31 | $3.64 | $129.89 | x |
| 2006-12-31 | $4.53 | $129.89 | x |
| 2007-12-31 | $6.06 | $129.89 | x |
| 2008-12-31 | $8.49 | $129.89 | x |
| 2009-12-31 | $9.91 | $129.89 | x |
| 2010-12-31 | $12.25 | $129.89 | x |
| 2011-12-31 | $13.32 | $129.89 | x |
| 2012-12-31 | $14.27 | $129.89 | x |
| 2013-12-31 | $14.47 | $129.89 | x |
| 2014-12-31 | $15.12 | $129.89 | x |
| 2015-12-31 | $13.99 | $129.89 | x |
| 2016-12-31 | $15.64 | $129.89 | x |
| 2017-12-31 | $17.57 | $129.89 | x |
| 2018-12-31 | $14.66 | $129.89 | x |
| 2019-12-31 | $14.36 | $129.89 | x |
| 2020-12-31 | $17.17 | $129.89 | x |
| 2021-12-31 | $14.61 | $129.89 | x |
| 2022-12-31 | $14.01 | $129.89 | x |
| 2023-12-31 | $13.45 | $129.89 | x |
| 2024-12-31 | $12.30 | $129.89 | x |
| 2025-12-31 | $13.73 | $129.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Corning Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.21%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.62x
- Recent ROE (13.52%) is above the historical average (6.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 9.08% | 6.36% | 0.83x | 1.71x | $-10.96 Million |
| 1986 | 11.99% | 8.74% | 0.79x | 1.75x | $26.95 Million |
| 1987 | 12.31% | 9.08% | 0.78x | 1.73x | $35.53 Million |
| 1988 | 18.74% | 13.78% | 0.73x | 1.86x | $136.33 Million |
| 1989 | 14.88% | 10.63% | 0.73x | 1.93x | $85.12 Million |
| 1990 | 15.37% | 9.83% | 0.84x | 1.87x | $101.00 Million |
| 1991 | 15.20% | 9.55% | 0.85x | 1.88x | $106.53 Million |
| 1992 | -0.69% | -0.34% | 0.87x | 2.34x | $-195.67 Million |
| 1993 | -0.89% | -0.38% | 0.77x | 3.06x | $-186.35 Million |
| 1994 | 10.61% | 5.90% | 0.79x | 2.27x | $16.07 Million |
| 1995 | -2.39% | -0.96% | 0.89x | 2.81x | $-263.49 Million |
| 1996 | 17.86% | 4.81% | 0.85x | 4.39x | $77.27 Million |
| 1997 | 34.73% | 10.75% | 0.85x | 3.80x | $313.17 Million |
| 1998 | 27.65% | 12.09% | 0.70x | 3.27x | $268.95 Million |
| 1999 | 23.03% | 12.01% | 0.71x | 2.68x | $291.93 Million |
| 2000 | 3.97% | 5.80% | 0.41x | 1.65x | $-642.20 Million |
| 2001 | -101.55% | -87.66% | 0.49x | 2.36x | $-6.04 Billion |
| 2002 | -27.76% | -41.15% | 0.27x | 2.46x | $-1.77 Billion |
| 2003 | -4.08% | -7.22% | 0.29x | 1.97x | $-769.40 Million |
| 2004 | -57.26% | -56.69% | 0.40x | 2.54x | $-2.57 Billion |
| 2005 | 10.43% | 12.78% | 0.41x | 1.99x | $24.10 Million |
| 2006 | 25.60% | 35.85% | 0.40x | 1.80x | $1.13 Billion |
| 2007 | 22.64% | 36.69% | 0.39x | 1.60x | $1.20 Billion |
| 2008 | 39.11% | 88.38% | 0.31x | 1.43x | $3.91 Billion |
| 2009 | 12.92% | 37.22% | 0.25x | 1.37x | $453.70 Million |
| 2010 | 18.36% | 53.65% | 0.26x | 1.33x | $1.62 Billion |
| 2011 | 13.36% | 35.70% | 0.28x | 1.32x | $709.20 Million |
| 2012 | 7.61% | 20.42% | 0.27x | 1.37x | $-512.60 Million |
| 2013 | 9.27% | 25.08% | 0.27x | 1.35x | $-155.20 Million |
| 2014 | 11.46% | 25.45% | 0.32x | 1.39x | $314.10 Million |
| 2015 | 7.13% | 14.70% | 0.32x | 1.52x | $-539.80 Million |
| 2016 | 20.65% | 39.35% | 0.34x | 1.56x | $1.91 Billion |
| 2017 | -3.16% | -4.91% | 0.37x | 1.75x | $-2.07 Billion |
| 2018 | 7.73% | 9.44% | 0.41x | 1.99x | $-313.20 Million |
| 2019 | 7.44% | 8.35% | 0.40x | 2.24x | $-330.70 Million |
| 2020 | 3.86% | 4.53% | 0.37x | 2.32x | $-813.70 Million |
| 2021 | 15.45% | 13.54% | 0.47x | 2.44x | $672.70 Million |
| 2022 | 10.96% | 9.27% | 0.48x | 2.46x | $115.20 Million |
| 2023 | 5.03% | 4.62% | 0.44x | 2.47x | $-574.10 Million |
| 2024 | 4.74% | 3.86% | 0.47x | 2.60x | $-562.60 Million |
| 2025 | 13.52% | 10.21% | 0.50x | 2.62x | $415.30 Million |
Industry Comparison
This section compares Corning Incorporated's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Corning Incorporated (GLW) | $12.31 Billion | 9.08% | 1.52x | $101.10 Billion |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |