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15.66 (1y: +20%)
Market Cap 23.28 B P/E(ttm) 13.40
Enterprise Value 20.39 B P/B 1.07
GLW- NYSE (USA)
Corning Inc
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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Corning Inc Gross Margin: 42.4 ( as of Mar13)

* All numbers are in millions except for per share data GLW 10-Y Financials »

Definition

Gross Margin is the percentage of Gross Profit out of sales or Revenue. It is calculated as

Gross margin
= Gross Profit / Revenue
= (Revenue - Cost of Goods Sold) / Revenue

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Formula

Gross margin = (Revenue - Cost of Goods Sold) / Revenue

Corning Inc grossmargin Calculation

* All numbers are in millions except for per share data

Corning Inc Annual Data

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Corning Inc Quarterly Data

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Explanation

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key.

Beaware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching gross margin and Operating Margin closely helps avoid value trap situations.

Related Terms

Operating Margin, Revenue, Cost of Goods Sold, Gross Profit
* All numbers are in millions except for per share data

Corning Inc Annual Data

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Corning Inc Quarterly Data

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