Corning (GLW) Current Taxes (2010 - 2024)
Corning's (GLW) quarterly Current Taxes came in at $80.0 million in 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.
Analysis
Corning (GLW) Current Taxes (2010 - 2024) Analysis & Trends
Corning (GLW) has reported Current Taxes for 15 consecutive years, with $80.0 million the latest figure, recorded 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 grew to $80.0 million in Q3 2024 per GLW's latest filing, from $67.0 million in the prior quarter.
- Across five years, Current Taxes topped out at $238.0 million in Q1 2022 and bottomed 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.
- The sharpest annual moves came in 2022 and 2024: Current Taxes soared 55.56% in 2022, then slumped 61.49% in 2024.
- Over 5 years, Current Taxes stood at $196.0 million in 2020, then changed by 0.0% to $196.0 million in 2021, then sank by 35.2% to $127.0 million in 2022, then plunged by 45.67% to $69.0 million in 2023, then grew by 15.94% to $80.0 million in 2024.
- According to Business Quant data, Current Taxes over the past three periods registered $80.0 million, $67.0 million, and $116.0 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Corning | 145.10 Bn | 142.60 Bn | 1.63 Bn | - |
| 2 | Ati | 28.39 Bn | 27.61 Bn | 309.80 Mn | - |
| 3 | Qnity Electronics | 26.40 Bn | 25.44 Bn | 666.00 Mn | 120.00 Mn |
| 4 | International Flavors & Fragrances | 21.54 Bn | 20.97 Bn | 853.00 Mn | - |
| 5 | DuPont de Nemours | 17.57 Bn | 15.83 Bn | 639.00 Mn | 53.00 Mn |
| 6 | Avery Dennison | 13.04 Bn | 12.81 Bn | 729.40 Mn | - |
| 7 | Solstice Advanced Materials | 10.13 Bn | 9.38 Bn | 370.00 Mn | - |
| 8 | Element Solutions | 8.78 Bn | 8.59 Bn | 334.00 Mn | - |
| 9 | Eastman Chemical | 7.84 Bn | 7.15 Bn | 560.00 Mn | - |
| 10 | Hexcel | 6.87 Bn | 6.81 Bn | 138.10 Mn | - |
Historic Data
Download Data
Historic 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 |