GLW vs STLD
Corning Inc. and Steel Dynamics Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GLW | STLD |
|---|---|---|
| Revenue | $15.6B | $18.2B |
| Net income | $1.6B | $1.2B |
| Gross margin | 36.0% | 13.2% |
| Net margin | 11.1% | 6.5% |
| Return on equity | 14.2% | 13.3% |
| Diluted EPS | $1.83 | $7.99 |
| Dividend / share | $1.12 | $2.00 |
| Payout ratio | · | 24.6% |
| Free cash flow | · | $501.5M |
| Equity | $11.8B | $9.0B |
| Net debt / equity | 0.59× | 0.38× |
| Current ratio | 1.59× | 3.06× |
| Revenue CAGR 5y | 6.7% | 13.6% |
| Profit CAGR 5y | 25.5% | · |
STLD bills 1.2× the revenue of GLW, and GLW keeps more of each dollar of revenue as profit (11.1% against 6.5%).
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 | STLD |
|---|---|---|
| FY2025 | $15.6B | $18.2B |
| FY2024 | $13.1B | $17.5B |
| FY2023 | $12.6B | $18.8B |
| FY2022 | $14.2B | $22.3B |
| FY2021 | $14.1B | $18.4B |
| FY2020 | $11.3B | $9.6B |
| FY2019 | $11.5B | $10.5B |
| FY2018 | $11.3B | $11.8B |
| FY2017 | $10.1B | $9.5B |
| FY2016 | $9.4B | $7.8B |
Bottom line
| Fiscal year | GLW | STLD |
|---|---|---|
| FY2025 | $1.6B | $1.2B |
| FY2024 | $506.0M | $1.5B |
| FY2023 | $581.0M | $2.5B |
| FY2022 | $1.3B | $3.9B |
| FY2021 | $1.9B | $3.2B |
| FY2020 | $512.0M | $570.8M |
| FY2019 | $960.0M | $677.9M |
| FY2018 | $1.1B | $1.3B |
| FY2017 | $-497.0M | $805.8M |
| FY2016 | $3.7B | $360.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,547,581,000 | STLD |
| FY2024 | −$4,422,390,000 | STLD |
| FY2023 | −$6,207,316,000 | STLD |
| FY2022 | −$8,071,774,000 | STLD |
| FY2021 | −$4,326,850,000 | STLD |
| FY2020 | +$1,701,518,000 | GLW |
| FY2019 | +$1,038,009,000 | GLW |
| FY2018 | −$531,839,000 | STLD |
| FY2017 | +$577,203,000 | GLW |
| FY2016 | +$1,612,891,000 | GLW |
| FY2015 | +$1,516,589,000 | GLW |
| FY2014 | +$959,048,000 | GLW |
| FY2013 | +$446,076,000 | GLW |
| FY2012 | +$721,766,000 | GLW |
| FY2011 | −$107,500,000 | STLD |
| FY2010 | +$331,113,000 | GLW |
| FY2009 | +$1,436,194,000 | GLW |
| FY2008 | −$2,132,521,000 | STLD |
| FY2007 | +$1,475,451,000 | GLW |
The higher-revenue side has changed between GLW and STLD over this period. The gap has widened 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 | +4.6 pp | GLW |
| FY2024 | −4.3 pp | STLD |
| FY2023 | −8.0 pp | STLD |
| FY2022 | −7.7 pp | STLD |
| FY2021 | −3.9 pp | STLD |
| FY2020 | −1.3 pp | STLD |
| FY2019 | +2.0 pp | GLW |
| FY2018 | −1.0 pp | STLD |
| FY2017 | −13.2 pp | STLD |
| FY2016 | +34.8 pp | GLW |
| FY2015 | +16.7 pp | GLW |
| FY2014 | +24.4 pp | GLW |
| FY2013 | +22.9 pp | GLW |
| FY2012 | +18.4 pp | GLW |
| FY2011 | +32.3 pp | GLW |
| FY2010 | +51.6 pp | GLW |
| FY2009 | +37.6 pp | GLW |
| FY2008 | +82.7 pp | GLW |
| FY2007 | +27.8 pp | GLW |
The higher net margin has changed hands between GLW and STLD 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 STLD's over the 19 comparable fiscal years — 21.4 percentage points of standard deviation against 5.3.
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 STLD over these 19 fiscal years — GLW led in 12 and STLD in 7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STLD's return on equity has been more volatile than GLW's over the 9 comparable fiscal years — 19.0 percentage points of standard deviation against 11.7.
9 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 STLD over these 9 fiscal years — GLW led in 4 and STLD in 5.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.