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GLWCorning Inc

FCF Payout Ratio: 66.73%

Is the FCF payout ratio high or low?

The FCF payout ratio of 66.73% is 39% below its 5-year average of 109.81%, near the low end of its 5-year range (48.86%–378.43%).

16.15% below its 12-month average of 79.59%.

FCF Payout Ratio

GLW FCF Payout Ratio

66.73%

Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.

+35.60% 5Y
GLW FCF Payout Ratio

GLW Average FCF Payout Ratio Chart

GLW FCF Payout Ratio

GLW Current vs Average FCF Payout Ratio Chart

GLW FCF Payout Ratio Metrics

FCF PAYOUT RATIO

66.73%

FCF PAYOUT RATIO AVG TTM

79.59%

FCF PAYOUT RATIO AVG 3Y

119.91%

FCF PAYOUT RATIO AVG 5Y

81.14%

FCF PAYOUT RATIO AVG 10Y

81.41%

FCF PAYOUT RATIO AVG 15Y

61.00%

FCF PAYOUT RATIO AVG 20Y

58.25%

CURRENT VS TTM AVG

-16.15%

CURRENT VS 3Y AVG

-44.35%

CURRENT VS 5Y AVG

-17.75%

CURRENT VS 10Y AVG

-18.02%

CURRENT VS 15Y AVG

+9.39%

CURRENT VS 20Y AVG

+14.56%

Payout Ratio Comparison

FCF Payout Ratio TTM

66.7%

Earnings Payout Ratio

60.2%

Dividend Yield

0.49%

FCF Yield

0.76%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$1.41B$999.00M70.7%
2024$974.00M$986.00M101.2%
2023$615.00M$989.00M160.8%
2022$1.01B$932.00M92.2%
2021$1.77B$871.00M49.1%
2020$803.00M$787.00M98.0%
2019$44.00M$742.00Mn/m
2018$677.00M$685.00M101.2%
2017$200.00M$651.00M325.5%
2016$1.39B$645.00M46.4%
2015$1.56B$679.00M43.6%
2014$3.63B$591.00M16.3%
2013$1.77B$566.00M32.0%
2012$1.41B$472.00M33.6%
2011$757.00M$354.00M46.8%
2010$2.83B$313.00M11.1%
2009$1.19B$312.00M26.3%
2008$207.00M$313.00M151.2%
2007$810.00M$159.00M19.6%
2006$621.00M$421.12Bn/m
2005$386.00M$00.0%
2004$152.00M$7.00M4.6%
2003($233.00M)$19.00MN/A (Loss)
2002($621.00M)$88.00MN/A (Loss)
2001($364.00M)$113.00MN/A (Loss)
2000($104.00M)$212.00MN/A (Loss)
1999($145.00M)$176.90MN/A (Loss)
1998($291.50M)$168.30MN/A (Loss)
1997($70.00M)$167.80MN/A (Loss)
1996($200.80M)$167.20MN/A (Loss)

Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

FCF Payout Ratio FAQ

What is the FCF payout ratio for Corning Inc (GLW)?
The FCF payout ratio for GLW stock is 66.73%.
Is Corning Inc's FCF payout ratio high or low?
The FCF payout ratio of 66.73% is 39% below its 5-year average of 109.81%, near the low end of its 5-year range (48.86%–378.43%).
What is the TTM average FCF payout ratio for Corning Inc (GLW)?
The TTM average FCF payout ratio for GLW stock is 79.59%.
What is the 3Y average FCF payout ratio for Corning Inc (GLW)?
The 3Y average FCF payout ratio for GLW stock is 119.91%.
What is the 5Y average FCF payout ratio for Corning Inc (GLW)?
The 5Y average FCF payout ratio for GLW stock is 81.14%.
What is the 10Y average FCF payout ratio for Corning Inc (GLW)?
The 10Y average FCF payout ratio for GLW stock is 81.41%.
What is the 15Y average FCF payout ratio for Corning Inc (GLW)?
The 15Y average FCF payout ratio for GLW stock is 61.00%.
What is the 20Y average FCF payout ratio for Corning Inc (GLW)?
The 20Y average FCF payout ratio for GLW stock is 58.25%.

GLW FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2026-03-3166.73%
2025-12-3170.70%
2025-09-3085.46%
2025-06-3083.25%
2025-03-3191.80%
2024-12-31101.23%
2024-09-3094.80%
2024-06-30105.44%
2024-03-31111.57%
2023-12-31160.81%
2023-09-30247.34%
2023-06-30378.43%
2023-03-31219.81%
2022-12-3192.19%
2022-09-3075.86%
2022-06-3061.45%
2022-03-3159.72%
2021-12-3149.07%
2021-09-3048.86%
2021-06-3049.21%
2021-03-3152.35%
2020-12-3198.01%
2020-09-3072.98%
2020-06-3077.94%
2020-03-31251.00%
2019-03-31174.87%
2018-12-31111.93%
2018-09-30109.40%
2018-06-30191.38%
2017-12-31325.50%
2017-09-3065.82%
2017-06-3053.57%
2017-03-3140.74%
2016-12-3146.37%
2016-09-3069.99%
2016-06-3069.54%
2016-03-3171.96%
2015-12-3143.55%
2015-09-3039.89%
2015-06-3030.59%
2015-03-3126.22%
2014-12-3116.27%
2014-09-3015.22%
2014-06-3017.96%
2014-03-3120.11%
2013-12-3132.01%
2013-09-3036.42%
2013-06-3034.86%
2013-03-3133.09%
2012-12-3133.59%
2012-09-3042.14%
2012-06-3037.01%
2012-03-3136.49%
2011-12-3146.76%
2011-09-3015.87%
2011-06-3016.45%
2011-03-3113.09%
2010-12-3111.07%
2010-09-3015.98%
2010-06-3015.20%
2010-03-3118.69%
2009-12-3126.28%
2009-09-30611.76%
2009-06-30137.00%
2009-03-3185.29%
2008-12-31151.21%
2008-09-3033.55%
2008-06-3032.21%
2008-03-3122.35%
2007-12-319.88%
2005-12-311.30%
2005-09-302.23%
2005-06-305.22%
2005-03-3116.67%
2004-12-314.61%

About Corning Inc

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Corning, NY
67,200 employees
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Wendell Weeks