GLW vs TS
Corning Inc. and Tenaris SA, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GLW | TS |
|---|---|---|
| Revenue | $15.6B | $12.0B |
| Net income | $1.6B | $1.9B |
| Gross margin | 36.0% | 34.4% |
| Net margin | 11.1% | 16.5% |
| Return on equity | 14.2% | 11.6% |
| Diluted EPS | $1.83 | $1.83 |
| Dividend / share | $1.12 | · |
| Payout ratio | · | 46.6% |
| Free cash flow | · | · |
| Equity | $11.8B | $16.6B |
| Net debt / equity | 0.59× | −0.02× |
| Current ratio | 1.59× | 3.87× |
| Revenue CAGR 5y | 6.7% | 18.4% |
| Profit CAGR 5y | 25.5% | · |
GLW bills 1.3× the revenue of TS, and TS keeps more of each dollar of revenue as profit (16.5% 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 | TS |
|---|---|---|
| FY2025 | $15.6B | $12.0B |
| FY2024 | $13.1B | $12.5B |
| FY2023 | $12.6B | $14.9B |
| FY2022 | $14.2B | $11.8B |
| FY2021 | $14.1B | $6.5B |
| FY2020 | $11.3B | $5.1B |
| FY2019 | $11.5B | $7.3B |
| FY2018 | $11.3B | $7.7B |
| FY2017 | $10.1B | $5.3B |
| FY2016 | $9.4B | $4.3B |
Bottom line
| Fiscal year | GLW | TS |
|---|---|---|
| FY2025 | $1.6B | $1.9B |
| FY2024 | $506.0M | $2.0B |
| FY2023 | $581.0M | $3.9B |
| FY2022 | $1.3B | $2.6B |
| FY2021 | $1.9B | $1.1B |
| FY2020 | $512.0M | $-634.4M |
| FY2019 | $960.0M | $742.7M |
| FY2018 | $1.1B | $876.1M |
| FY2017 | $-497.0M | $544.7M |
| FY2016 | $3.7B | $55.3M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,647,843,000 | GLW |
| FY2024 | +$594,066,000 | GLW |
| FY2023 | −$2,280,860,000 | TS |
| FY2022 | +$2,426,474,000 | GLW |
| FY2021 | +$7,560,793,000 | GLW |
| FY2020 | +$6,156,266,000 | GLW |
| FY2019 | +$4,208,945,000 | GLW |
| FY2018 | +$3,631,412,000 | GLW |
| FY2017 | +$4,827,496,000 | GLW |
| FY2016 | +$5,096,408,000 | GLW |
| FY2015 | +$2,207,877,000 | GLW |
The higher-revenue side has changed between GLW and TS over this period. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.3 pp | TS |
| FY2024 | −12.1 pp | TS |
| FY2023 | −21.5 pp | TS |
| FY2022 | −11.9 pp | TS |
| FY2021 | −2.4 pp | TS |
| FY2020 | +17.1 pp | GLW |
| FY2019 | −1.5 pp | TS |
| FY2018 | −1.8 pp | TS |
| FY2017 | −14.9 pp | TS |
| FY2016 | +38.1 pp | GLW |
| FY2015 | +15.9 pp | GLW |
The higher net margin has changed hands between GLW and TS over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TS's net margin has been more volatile than GLW's over the 11 comparable fiscal years — 10.6 percentage points of standard deviation against 10.5.
11 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 TS over these 11 fiscal years — GLW led in 3 and TS in 8.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TS's return on equity has been more volatile than GLW's over the 11 comparable fiscal years — 8.5 percentage points of standard deviation against 6.0.
11 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 TS over these 11 fiscal years — GLW led in 6 and TS in 5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.