GLW vs HWM
Corning Inc. and Howmet Aerospace Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GLW | HWM |
|---|---|---|
| Revenue | $15.6B | $8.3B |
| Net income | $1.6B | $1.5B |
| Gross margin | 36.0% | 34.2% |
| Net margin | 11.1% | 18.3% |
| Return on equity | 14.2% | 30.4% |
| Diluted EPS | $1.83 | $3.71 |
| Dividend / share | $1.12 | $0.44 |
| Payout ratio | · | · |
| Free cash flow | · | $1.4B |
| Equity | $11.8B | $5.4B |
| Net debt / equity | 0.59× | 0.43× |
| Current ratio | 1.59× | 2.13× |
| Revenue CAGR 5y | 6.7% | 9.4% |
| Profit CAGR 5y | 25.5% | 42.0% |
GLW bills 1.9× the revenue of HWM, and HWM keeps more of each dollar of revenue as profit (18.3% against 11.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GLW | HWM |
|---|---|---|
| FY2025 | $15.6B | $8.3B |
| FY2024 | $13.1B | $7.4B |
| FY2023 | $12.6B | $6.6B |
| FY2022 | $14.2B | $5.7B |
| FY2021 | $14.1B | $5.0B |
| FY2020 | $11.3B | $5.3B |
| FY2019 | $11.5B | $7.1B |
| FY2018 | $11.3B | $6.8B |
| FY2017 | $10.1B | $13.0B |
| FY2016 | $9.4B | $12.4B |
Bottom line
| Fiscal year | GLW | HWM |
|---|---|---|
| FY2025 | $1.6B | $1.5B |
| FY2024 | $506.0M | $1.2B |
| FY2023 | $581.0M | $765.0M |
| FY2022 | $1.3B | $469.0M |
| FY2021 | $1.9B | $258.0M |
| FY2020 | $512.0M | $261.0M |
| FY2019 | $960.0M | $470.0M |
| FY2018 | $1.1B | $642.0M |
| FY2017 | $-497.0M | $-74.0M |
| FY2016 | $3.7B | $-941.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$7,377,000,000 | GLW |
| FY2024 | +$5,688,000,000 | GLW |
| FY2023 | +$5,948,000,000 | GLW |
| FY2022 | +$8,526,000,000 | GLW |
| FY2021 | +$9,110,000,000 | GLW |
| FY2020 | +$6,044,000,000 | GLW |
| FY2019 | +$4,405,000,000 | GLW |
| FY2018 | +$4,512,000,000 | GLW |
| FY2017 | −$2,844,000,000 | HWM |
| FY2016 | −$3,004,000,000 | HWM |
| FY2015 | −$3,302,000,000 | HWM |
| FY2014 | −$2,827,000,000 | HWM |
| FY2013 | −$15,213,000,000 | HWM |
| FY2012 | −$15,688,000,000 | HWM |
| FY2011 | −$17,061,000,000 | HWM |
| FY2010 | −$14,381,000,000 | HWM |
| FY2009 | −$13,044,000,000 | HWM |
| FY2008 | −$20,953,000,000 | HWM |
| FY2007 | −$23,420,000,000 | HWM |
The higher-revenue side has changed between GLW and HWM over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.1 pp | HWM |
| FY2024 | −11.0 pp | HWM |
| FY2023 | −6.4 pp | HWM |
| FY2022 | +1.5 pp | GLW |
| FY2021 | +8.6 pp | GLW |
| FY2020 | −0.3 pp | HWM |
| FY2019 | +1.9 pp | GLW |
| FY2018 | +0.2 pp | GLW |
| FY2017 | −4.2 pp | HWM |
| FY2016 | +46.5 pp | GLW |
| FY2015 | +16.4 pp | GLW |
| FY2014 | +24.1 pp | GLW |
| FY2013 | +34.8 pp | GLW |
| FY2012 | +19.7 pp | GLW |
| FY2011 | +32.4 pp | GLW |
| FY2010 | +51.8 pp | GLW |
| FY2009 | +43.2 pp | GLW |
| FY2008 | +87.8 pp | GLW |
| FY2007 | +26.7 pp | GLW |
The higher net margin has changed hands between GLW and HWM over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GLW's net margin has been more volatile than HWM's over the 19 comparable fiscal years — 21.4 percentage points of standard deviation against 7.2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GLW and HWM over these 19 fiscal years — GLW led in 14 and HWM in 5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HWM's return on equity has been more volatile than GLW's over the 18 comparable fiscal years — 12.3 percentage points of standard deviation against 10.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GLW and HWM over these 18 fiscal years — GLW led in 10 and HWM in 8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.