Corning Incorporated (GLW)财务
NYSE · Technology · Hardware, Equipment & Parts · 员工67,200人 · CEO Wendell Weeks
- 股价
- $123.31 -4.32%
- 市值
- $1060亿
- 企业价值
- $1120亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-01-27
营收(TTM)$177亿+18.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)16.6%+3.2 百分点 对比去年同期营业利润 $29.5亿
净利润(TTM)$21.5亿+57.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$24.6亿+111.8% 对比去年同期资本支出 $17.3亿
稀释EPS(TTM)$2.48+57.0% 对比去年同期最近4个季度之和
净现金-$56.6亿+24.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1060亿 EV $1120亿
- 营收
- $177亿 过去12个月
- 营收增速
- +24% FY2026年一致预期
- 净利润率
- 12.1% 净利润 / 营收,TTM
- P/E
- 49.3× 预期 36.7×(FY2026)
- P/S
- 6.0× 股价 / 营收,TTM
- EV / EBITDA
- 23.7× TTM
- 自由现金流
- $24.6亿 过去12个月
- 净利润
- $21.5亿 过去12个月
- 营收预期
- $194亿 FY2026年一致预期
- 盈利
- 2027-01-27
- 股息
- $1.12 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长放缓:同比18.4%Q3 '26营收$48.6亿,此前四个季度的平均值为19.5%。
- 营业利润率16.6%(TTM),较去年同期+3.2 百分点营收增长18.8%,营业利润增长47.3%。
- 资本支出占营收的9.8%(去年为7.4%)最近4个季度投入$17.3亿(同比+56.8%)。自由现金流$24.6亿,相当于净利润的114.5%。
- 股东回报$10.2亿 = 自由现金流的41.3%回购$500万(去年为$2.22亿),股息$10.1亿,股权激励$3.68亿(TTM)。
- 稀释股数一年内增加1.3%Q3 '26稀释股数8.71亿,一年前为8.6亿。
- 净债务 $56.6亿现金 + 短期投资 $25.4亿,含租赁债务 $82亿;一年前净债务 $75.4亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $48.6亿 | $41亿 | +18.4% |
| 毛利率 | 37.3% | 37.1% | +0.2 百分点 |
| 营业利润 | $9.11亿 | $5.89亿 | +54.7% |
| 营业利润率 | 18.8% | 14.4% | +4.4 百分点 |
| 净利润 | $6.8亿 | $4.3亿 | +58.1% |
| 稀释EPS | $0.78 | $0.50 | +56.0% |
| 经营现金流 | $10.6亿 | $7.84亿 | +35.3% |
| 资本支出 | $5.45亿 | $3.34亿 | +63.2% |
| 自由现金流 | $5.16亿 | $4.5亿 | +14.7% |
| R&D | $3.14亿 | $2.8亿 | +12.1% |
| 股权激励费用 | $4800万 | $9900万 | -51.5% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Optical Communications | $23.8亿 | +44.0% | 75.8% | – | – | |
| Optical communications products | – | – | – | – | – | |
| Electronics glass and advanced optics products | – | – | – | – | – | |
| Display Technologies | – | – | – | – | – | |
| Specialty Materials | – | – | – | – | – | |
| Automotive products | – | – | – | – | – | |
| Automotive Products | $4.71亿 | +4.0% | 15.0% | – | – | |
| Polycrystalline silicon and solar products | – | – | – | – | – | |
| All Other | $4100万 | -48.1% | 1.3% | – | – | |
| Polycrystalline Silicon | – | – | – | – | – | |
| Life Sciences | $2.47亿 | +2.5% | 7.9% | – | – | |
| Life Sciences products | – | – | – | – | – | |
| All other products | – | – | – | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $41.9亿
- 资本支出
- -$17.3亿
- 股票回购
- -$500万
- 股息
- -$10.1亿
- 收购
- $0
- 债务净发行
- -$9.5亿
- 股权激励费用
- $3.68亿
- 自由现金流
- $24.6亿
- 股东回报 / FCF
- 41.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 49.3× | 44.2× | 20.5× – 80.5× |
| EV / EBITDA | 23.7× | 14.4× | 8.7× – 22.5× |
| EV / 营收 | 6.3× | 3.3× | 2.3× – 5.4× |
| 股价 / FCF | 43.2× | 36.2× | 17.4× – 53.3× |
| 股价 / 净资产 | 7.8× | 3.4× | 2.2× – 6.4× |
| FCF收益率 | 2.3% | 3.2% | 1.9% – 5.8% |
| 投入资本回报率 | 8.6% | 5.0% | 2.9% – 7.5% |
| 净资产收益率 | 17.3% | 9.9% | 4.7% – 15.5% |
分析师
一致目标价 $167.71 (+36.0%)
区间 $132.00 – $200.00 · 评级 Buy
强烈买入0
买入21
持有14
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $194亿 | +24.1% | $3.36 | +81.6% | 36.7× | 9 |
| FY2027 | $234亿 | +20.6% | $4.50 | +34.1% | 27.4× | 11 |
| FY2028 | $284亿 | +21.4% | $6.16 | +36.8% | 20.0× | 7 |
| FY2029 | $336亿 | +18.4% | $7.32 | +18.8% | 16.8× | 2 |
| FY2030 | $397亿 | +18.1% | $9.07 | +23.9% | 13.6× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Corning Inc在近期10-Q / 10-K文件中标记的全部300项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $24.9亿 | $20.3亿 | +22.8% | $19.8亿 | $14.7亿 | +34.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $31亿 | $25.1亿 | +23.6% | $27.8亿 | $20.5亿 | +35.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2800万 | $2900万 | -3.4% | $2700万 | $3300万 | -18.2% |
| Accrued Income Taxes, Current | $7700万 | $8500万 | -9.4% | $9800万 | $1.09亿 | -10.1% |
| Accrued Liabilities, Current | $31.6亿 | $27.4亿 | +15.5% | $28.5亿 | $31.2亿 | -8.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $160亿 | $152亿 | +5.4% | $152亿 | $145亿 | +5.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$19.3亿 | -$20.2亿 | +4.2% | -$21.1亿 | -$25.4亿 | +17.2% |
| Additional Paid in Capital, Common Stock | $187亿 | $175亿 | +6.8% | $176亿 | $173亿 | +1.8% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $7.96亿2026-06-30 | – | – | – | – | – |
| Amortization of Intangible Assets | $2200万 | $2700万 | -18.5% | $1.1亿 | $1.21亿 | -9.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1500万 | 100万 | +1,400.0% | 0 | 0 | – |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $100万2025-09-30 | $4100万 | -97.6% | -$1100万2024-12-31 | $5400万 | -120.4% |
| Assets | $341亿 | $299亿 | +14.1% | $310亿 | $277亿 | +11.7% |
| Assets, Current | $113亿 | $86.8亿 | +30.7% | $89.4亿 | $79.9亿 | +11.8% |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $1.32亿 | $1.5亿 | -12.0% | $1.36亿 | – | – |
| Capital Expenditures Incurred but Not yet Paid | – | – | – | $2.41亿 | $1.49亿 | +61.7% |
| Cash and Cash Equivalents, at Carrying Value | $25.4亿 | $16.5亿 | +53.9% | $15.3亿 | $17.7亿 | -13.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $25.5亿 | $16.5亿 | +54.8% | $15.7亿 | $17.7亿 | -11.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $4000万 | $1.57亿 | -74.5% | -$2.02亿 | -$1100万 | -1,736.4% |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1800万2026-05-06 | – | – | – | – | – |
| Common Stock, Dividends, Per Share, Declared | $0.562026-06-30 | $0.56 | 0.0% | $1.12 | $1.12 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.50 | $0.50 | 0.0% | $0.50 | $0.50 | 0.0% |
| Common Stock, Shares Authorized | 38亿 | 38亿 | 0.0% | 38亿 | 38亿 | 0.0% |
| Common Stock, Shares, Issued | 19亿 | 18亿 | +5.6% | 18亿 | 18亿 | 0.0% |
| Common Stock, Value, Issued | $9.27亿 | $9.24亿 | +0.3% | $9.24亿 | $9.21亿 | +0.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $6600万 | $4000万 | +65.0% | $1.46亿 | $8600万 | +69.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $10.7亿 | $3.47亿 | +208.1% | $20.3亿 | $1100万 | +18,390.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $11.4亿 | $3.87亿 | +193.3% | $21.8亿 | $9700万 | +2,147.4% |
| Contract with Customer, Liability | $27亿 | $11亿 | +145.5% | $15亿 | $11亿 | +36.4% |
| Contract with Customer, Liability, Current | $5.01亿 | $1.77亿 | +183.1% | $1.6亿 | $1.27亿 | +26.0% |
| Contract with Customer, Liability, Noncurrent | $22亿 | $8.87亿 | +148.0% | $13.4亿 | $9.83亿 | +35.8% |
| Contract with Customer, Liability, Revenue Recognized | $5100万 | $4200万 | +21.4% | $1.77亿 | $0 | – |
| Cost of Revenue | $30.5亿 | $25.8亿 | +18.0% | $100亿 | $88.4亿 | +13.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3.39亿 | $600万 | +5,550.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3亿 | $2.42亿 | +24.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2600万 | $600万 | +333.3% |
| Debt, Current | $9.33亿 | $8.12亿 | +14.9% | $8.04亿 | $3.26亿 | +146.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$3.24亿 | -$6300万 | -414.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1200万 | $3600万 | -133.3% |
| Deferred Income Tax Assets, Net | $16.2亿 | $13亿 | +24.6% | $15.2亿 | $11.3亿 | +34.1% |
| Deferred Income Tax Expense (Benefit) | $5600万 | -$1.1亿 | +150.9% | -$3.55亿 | -$3300万 | -975.8% |
| Deferred Income Tax Liabilities, Net | $2.38亿 | $1.64亿 | +45.1% | $1.49亿 | $1.37亿 | +8.8% |
| Deferred Income, Current | $2.31亿2026-03-31 | $2.05亿 | +12.7% | $2.26亿 | $1.9亿 | +18.9% |
| Deferred Income, Noncurrent | $5.06亿2026-03-31 | $5.99亿 | -15.5% | $5.49亿 | $6.43亿 | -14.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1900万 | -$600万 | -216.7% |
| Deferred Tax Assets, Gross | $80.3亿2025-12-31 | $16.8亿 | +378.0% | $80.3亿 | $16.8亿 | +378.0% |
| Deferred Tax Assets, Net | $13.7亿2025-12-31 | $9.93亿 | +37.6% | $13.7亿 | $9.93亿 | +37.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $18.3亿2025-12-31 | $15.1亿 | +21.4% | $18.3亿 | $15.1亿 | +21.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $62.4亿2025-12-31 | $2.13亿 | +2,829.1% | $62.4亿 | $2.13亿 | +2,829.1% |
| Deferred Tax Assets, Other | $3.22亿2025-12-31 | $2.46亿 | +30.9% | $3.22亿 | $2.46亿 | +30.9% |
| Deferred Tax Assets, Other Tax Carryforwards | $63.2亿2025-12-31 | $2.18亿 | +2,800.5% | $63.2亿 | $2.18亿 | +2,800.5% |
| Deferred Tax Assets, Tax Credit Carryforwards | $8400万2025-12-31 | $500万 | +1,580.0% | $8400万 | $500万 | +1,580.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | $3.26亿2025-12-31 | $2.91亿 | +12.0% | $3.26亿 | $2.91亿 | +12.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits | $8300万2025-12-31 | $9000万 | -7.8% | $8300万 | $9000万 | -7.8% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $4.28亿2025-12-31 | $3.75亿 | +14.1% | $4.28亿 | $3.75亿 | +14.1% |
| Deferred Tax Assets, Valuation Allowance | $62亿2025-12-31 | $1.73亿 | +3,485.0% | $62亿 | $1.73亿 | +3,485.0% |
| Deferred Tax Liabilities, Intangible Assets | $1.01亿2025-12-31 | $1.1亿 | -8.2% | $1.01亿 | $1.1亿 | -8.2% |
| Deferred Tax Liabilities, Leasing Arrangements | $2.04亿2025-12-31 | $1.92亿 | +6.3% | $2.04亿 | $1.92亿 | +6.3% |
| Deferred Tax Liabilities, Net | $4.63亿2025-12-31 | $5.14亿 | -9.9% | $4.63亿 | $5.14亿 | -9.9% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.58亿2025-12-31 | $2.12亿 | -25.5% | $1.58亿 | $2.12亿 | -25.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01