Corning
Materials science innovator & leader in specialty glass, ceramics & optical physics.
Launch date
Employees
Market cap
€32.6b
Enterprise valuation
€38.7b (Public information from Sep 2024)
Share price
$43.42 GLW
Corning New York (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 11.3b | 14.1b | 14.2b | 12.6b | 14.3b | 15.2b | 16.2b |
| % growth | (2 %) | 25 % | 1 % | (11 %) | 13 % | 7 % | 7 % |
| EBITDA | 2.0b | 3.8b | 3.2b | 2.4b | 3.8b | 4.3b | 4.8b |
| % EBITDA margin | 17 % | 27 % | 22 % | 19 % | 27 % | 28 % | 30 % |
| Profit | 512m | 1.9b | 1.3b | 581m | 1.2b | 1.8b | 1.9b |
| % profit margin | 5 % | 14 % | 9 % | 5 % | 8 % | 12 % | 12 % |
| EV / revenue | 2.9x | 2.6x | 2.3x | 2.5x | 2.9x | 2.7x | 2.5x |
| EV / EBITDA | 16.8x | 9.6x | 10.1x | 13.5x | 10.8x | 9.6x | 8.6x |
| R&D budget | 1.2b | 995m | 1.0b | 1.1b | - | - | - |
| R&D % of revenue | 10 % | 7 % | 7 % | 9 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
$1.0b | Post IPO Equity | ||
$200m | Post IPO Equity | ||
* | $250m | Post IPO Equity | |
* | $204m | Grant | |
| Total Funding | €185m | ||
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exited
ACQUISITION by Corning Jan 2011
ACQUISITION by Corning Apr 2016
ACQUISITION by Corning Jul 2017
exited
