Corning (GLW) Current Taxes (2010 - 2024)
Corning (GLW) reported Current Taxes of $80.0 million for Q3 2024, down 36.0% on a YoY basis from $125.0 million in Q4 2023, and up 19.4% quarter-over-quarter from $67.0 million in Q2 2024.
Corning (GLW) Current Taxes (2010 - 2024) Analysis & Trends
Corning has reported Current Taxes for 15 years, with the latest figure at $80.0 million in Q3 2024.
- For the quarter ending Q3 2024, Current Taxes fell 36.0% year-over-year to $80.0 million; the trailing twelve-month figure through Sep 2024 stood at $80.0 million (down 36.0% YoY), and the FY2023 full-year result was $69.0 million, down 45.67% from the prior year.
- Current Taxes for Q3 2024 stood at $80.0 million, up from $67.0 million in the prior quarter.
- The five-year high for Current Taxes was $238.0 million in Q1 2022, with the low at $67.0 million in Q2 2024.
- Historically, Current Taxes has averaged $144.5 million across 5 years, with a median of $145.0 million in 2021.
- Annual changes were most pronounced in 2022 — Current Taxes surged 55.56% — and 2024, when it sank 61.49%.
- Corning's Current Taxes stood at $196.0 million in 2020, then changed by 0.0% to $196.0 million in 2021, then tumbled by 35.2% to $127.0 million in 2022, then slumped by 45.67% to $69.0 million in 2023, then advanced by 15.94% to $80.0 million in 2024.
- The last three Current Taxes figures came in at $80.0 million (Q3 2024), $67.0 million (Q2 2024), and $116.0 million (Q1 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 170.58 Bn | 165.55 Bn | 2.80 Bn | 656.90 Mn |
| 2 | Corning | 152.19 Bn | 150.97 Bn | 1.53 Bn | - |
| 3 | TE Connectivity | 62.31 Bn | 61.34 Bn | 1.75 Bn | - |
| 4 | Flex | 56.36 Bn | 54.72 Bn | 702.00 Mn | - |
| 5 | Celestica | 42.71 Bn | 42.33 Bn | 437.20 Mn | 174.40 Mn |
| 6 | Jabil | 37.62 Bn | 35.80 Bn | 746.00 Mn | - |
| 7 | Fabrinet | 22.26 Bn | 21.31 Bn | 144.34 Mn | 7.61 Mn |
| 8 | Ttm Technologies | 17.40 Bn | 16.99 Bn | 181.18 Mn | 12.27 Mn |
| 9 | Sanmina | 13.70 Bn | 12.12 Bn | 353.79 Mn | - |
| 10 | Vicor | 12.32 Bn | 11.92 Bn | 62.37 Mn | 71,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 80.00 Mn |
| Jun 30, 2024 | 67.00 Mn |
| Mar 31, 2024 | 116.00 Mn |
| Dec 31, 2023 | 69.00 Mn |
| Sep 30, 2023 | 125.00 Mn |
| Jun 30, 2023 | 174.00 Mn |
| Mar 31, 2023 | 157.00 Mn |
| Dec 31, 2022 | 127.00 Mn |
| Sep 30, 2022 | 99.00 Mn |
| Jun 30, 2022 | 184.00 Mn |
| Mar 31, 2022 | 238.00 Mn |
| Dec 31, 2021 | 196.00 Mn |
| Sep 30, 2021 | 145.00 Mn |
| Jun 30, 2021 | 140.00 Mn |
| Mar 31, 2021 | 153.00 Mn |
| Dec 31, 2020 | 196.00 Mn |
| Sep 30, 2020 | 194.00 Mn |
| Jun 30, 2020 | 116.00 Mn |
| Mar 31, 2020 | 169.00 Mn |
| Dec 31, 2019 | 182.00 Mn |