Corning Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Corning Inc (GLW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Corning Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 17,719M vs 313,633M combined for its competitors (5.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+9.6% annualized vs trailing 12 months), vs accelerating (+3.7%) for its tracked peer group.
- Growth: Corning Inc generated 18.4% revenue growth year over year in Q3 2026, vs 4.8% for its competitors combined.
- Profitability: Its 14.0% net margin compares with 12.4% for the peer group.
- Scale: Corning Inc ranks #1 of 25 companies by market capitalization in the Communications Equipment industry, holding 60.5% of industry market cap.
- Peer revenue share: Corning Inc accounted for 5.6% of combined revenue among its tracked peer group, up from 5.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.26M compares with $0.46M for the peer group (0.6x).
- Structure: Corning Inc operates in the following segments: Optical Communications, Glass Innovations, Automotive, Solar, Life Sciences and Emerging Growth Businesses.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GLW Sales vs. its Competitors, Q3 2026
Corning Inc reported revenue growth of 18.41 % year on year in Q3 2026, above its competitors' combined revenue growth of 4.80 %.
With a net margin of 14.01 %, Corning Inc achieved higher profitability than its competitors (12.43 %).
Corning Inc generated 5.63 % of the combined sales of its peer group, up from 5.02 % a year earlier.
API endpoints for this dataset
Corning Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Corning Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Corning Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Corning Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Corning Inc's competitor groups requires a Commercial License.
For context: the Communications Equipment industry grew revenue 5.1% year over year, combined, vs 18.4% for Corning Inc. Corning Inc's share of combined industry revenue moved from 6.42% to 7.23%, a gain of 0.81 percentage points.
Corning Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Corning Inc | Yes | Yes | Yes | No |
| Competitors combined (74) | ||||
| High-Confidence Competitors (7) | ||||
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GLW Stock Performance relative to its Competitors
GLW Stock Performance relative to High-Confidence Competitors
GLW Stock Performance relative to Similar-Size Competitors
GLW Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Maxlinear Inc | 282.9% | Outperformed |
| 2 | Ieh Corp | 282.9% | Outperformed |
| 3 | Lumentum Holdings Inc | 282.9% | Outperformed |
| 4 | Okta Inc | 282.9% | Outperformed |
| 5 | Helen Of Troy Limited | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Corning Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Corning Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Corning Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Corning Inc |
100,992.45 | 17,719.00 |
 Broadcom Inc |
1,561,298.76 | 89,104.00 |
 Cisco Systems Inc |
393,317.55 | 63,325.00 |
 Applied Materials Inc |
296,440.00 | 30,837.00 |
 Thermo Fisher Scientific Inc |
267,724.73 | 47,351.00 |
 Amphenol Corporation |
208,465.86 | 33,046.10 |
| SUBTOTAL | 4,068,646.32 | 688,339.82 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Corning Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Corning Inc's Competitors Named by the Company
Competitive relationships identified from Corning Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Clearfield Inc | Company report | 85% |
| Helen Of Troy Limited | Company report | 85% |
| Sumitomo | Company report | 85% |
| America Fujikura Ltd. | Company report | 85% |
| Amphenol | Company report | 85% |
| Prysmian Group S.p.A. | Company report | 85% |
| Fujikura | Company report | 85% |
| CommScope Holding Company, Inc. | Company report | 85% |
| CommScope, Inc. | Company report | 85% |
| Nippon Electric Glass Co., Ltd. | Company report | 85% |
| Preformed Line Products Company | Company report | 85% |
| AGC Inc. | Company report | 85% |
| Optical Cable Corporation | Company report | 85% |
| Basanite Inc | Company report | 85% |
| Alpha Pro Tech Ltd | Company report | 85% |
| Lumentum Holdings Inc | Company report | 85% |
| Te Connectivity plc | Company report | 85% |
| Viavi Solutions Inc | Company report | 85% |
| Revvity Inc | Company report | 85% |
| Cisco Systems Inc | Company report | 85% |
| Broadcom Inc | Company report | 85% |
| Infinera Corp | Company report | 85% |
| Dow Inc | Company report | 85% |
| Thermo Fisher Scientific Inc | Company report | 85% |
| Belden Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Corning Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Corning Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Corning Inc | Optical Communications 49.00 % |
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Cisco Systems Inc | Americas 60.41 % |
| Applied Materials Inc | Semiconductor Systems 75.41 % |
| Thermo Fisher Scientific Inc | Clinical Research 20.15 % |
| Amphenol Corporation | Communications Solutions Segment 64.81 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Corning Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Corning Inc | 100,992 | 263,676 | 33,988 |
| Broadcom Inc | 1,561,299 | 2,700,121 | 1,159,545 |
| Cisco Systems Inc | 393,318 | 768,507 | 161,007 |
| Applied Materials Inc | 296,440 | 844,849 | 253,890 |
| Thermo Fisher Scientific Inc | 267,725 | 378,808 | 56,712 |
| Amphenol Corporation | 208,466 | 194,389 | 35,099 |
| PEERS TOTAL | 3,967,654 | 456,002 | 69,918 |
Corning Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Broadcom Inc | Asia Pacific 60.15 % |
| Applied Materials Inc | Taiwan 27.24 % |
| Thermo Fisher Scientific Inc | North America 51.63 % |
| Amphenol Corporation | Other foreign locations 47.08 % |
| Marvell Technology Inc | China 43.75 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Corning Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 23 companies in Corning Inc's industry classification, broader than the peer set above. Market cap in millions of $.Corning Inc ranks #1 of 23 companies by market capitalization in its industry, holding 60.52 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 4,417, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Corning Inc | 96,478 | 60.52 % |
| 2 | Lumentum Holdings Inc | 42,785 | 26.84 % |
| 3 | Esco Technologies inc | 6,177 | 3.87 % |
| 4 | Iridium Communications Inc | 4,865 | 3.05 % |
| 5 | Belden Inc | 1,234 | 5.2% |
| 6 | Ihs Holding Ltd | 1,234 | 5.2% |
| 7 | Napco Security Technologies inc | 1,234 | 5.2% |
| 8 | Powerfleet Inc | 1,234 | 5.2% |
| 9 | Turtle Beach Corporation | 1,234 | 5.2% |
| 10 | George Risk Industries Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Corning Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Corning Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Corning Inc | 96,478 | 25.50 % |
| 2 | Lumentum Holdings Inc | 42,785 | 139.29 % |
| 3 | Esco Technologies inc | 1,234 | 12.3% |
| 4 | Iridium Communications Inc | 1,234 | 12.3% |
| 5 | Belden Inc | 1,234 | 12.3% |
| 6 | Ihs Holding Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Corning Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Corning Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Communications Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies). See the full Communications Equipment industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 36.46 % | 29.33 % (avg) | +7.1 pp |
| Operating Margin | 16.48 % | industry median | -2.4 pp |
| EBITDA Margin | 25.36 % | 0.37 % (avg) | +25.0 pp |
| Capital Intensity (Capex / Revenue) | 9.77 % | 3.60 % (avg) | +6.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Corning Inc's Valuation vs Competitive Position
Valuation multiples vs the Communications Equipment industry average (46 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Communications Equipment industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 66.8x | 39.2x | +27.5x |
| EV / EBITDA | 32.2x | 18.0x | +14.2x |
| P/B | 10.6x | 4.1x | +6.5x |
| Return on Equity | 17.55 % | industry aggregate | -3.28 % |
| Return on Invested Capital | 7.41 % | -3.04 % (avg) | 10.45 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Corning Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.61 % | 1.89 % | -1.74 % | 24.59 % | 0.76 % | -11.28 % | 4.21 % | 19.14 % |
| Operating Margin | 13.95 % | 11.35 % | 4.50 % | 15.00 % | 10.13 % | 7.07 % | 8.65 % | 14.58 % |
| Return on Invested Capital | 4.17 % | 3.45 % | 1.32 % | 5.49 % | 3.92 % | 2.45 % | 3.27 % | 6.30 % |
| P/E | 31.1x | 27.4x | 111.7x | 30.5x | 22.0x | 46.1x | 94.7x | 49.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Corning Inc's Strategic Group Map
Corning Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Corning Inc's trailing-12-month revenue growth of 18.8% and operating margin of 16.5% compares with an average of 16.8% growth and 12.9% margin across its 8 closest peers by combined growth, margin and ROIC -- Corning Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Corning Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Corning Inc falls in the Cash Cow quadrant: relative market share of 2.25x vs its largest competitor, in an industry growing revenue 3.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Corning Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 4,417 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 9.77 % vs industry average 3.60 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Corning Inc's dedicated Suppliers and Customers pages, not here.
Corning Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Corning Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Corning Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 23, 60.52 % share).
- Latest-quarter revenue run-rate is accelerating (+9.6% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
No rule matched.
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Corning Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Corning Inc | 0.34 | 1.69 | 0.65 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Cisco Systems Inc | 0.25 | 0.94 | 0.63 |
| Applied Materials Inc | 0.79 | 2.53 | 0.29 |
| Thermo Fisher Scientific Inc | 0.39 | 1.69 | 0.81 |
| Amphenol Corporation | 0.27 | 2.07 | 1.78 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Corning Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Corning Inc | Q3 2026 | +18.4 % | +44.7 % |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Cisco Systems Inc | Q2 2026 | +17.6 % | +51.3 % |
| Applied Materials Inc | Q2 2026 | +24.8 % | +42.7 % |
| Thermo Fisher Scientific Inc | Q3 2026 | +9.1 % | +6.2 % |
| Amphenol Corporation | Q3 2026 | +65.1 % | +62.1 % |
| PEERS TOTAL | +12.2 % | +6.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Corning Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Corning Inc | Q3 2026 | +18.0 % | +63.2 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Cisco Systems Inc | Q2 2026 | +14.8 % | +79.7 % |
| Applied Materials Inc | Q2 2026 | +21.1 % | +21.1 % |
| Thermo Fisher Scientific Inc | Q3 2026 | +133.0 % | +8.2 % |
| Amphenol Corporation | Q3 2026 | +62.0 % | +77.8 % |
Corning Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Corning Inc | 7.07% | 8.65% | 17.55% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Cisco Systems Inc | 10.64% | 11.94% | 27.52% |
| Applied Materials Inc | 23.70% | 28.79% | 41.02% |
| Thermo Fisher Scientific Inc | 6.29% | 7.46% | 13.32% |
| Amphenol Corporation | 14.02% | 14.13% | 39.48% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Corning Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Corning Inc | 48.72 | 5.70 |
| Broadcom Inc | 40.70 | 17.52 |
| Cisco Systems Inc | 29.54 | 6.21 |
| Applied Materials Inc | 32.03 | 9.61 |
| Thermo Fisher Scientific Inc | 38.14 | 5.65 |
| Amphenol Corporation | 21.18 | 6.31 |
| PEERS AVERAGE | 38.71 | 5.91 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.