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 …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 66.7th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Cost Leadership PositionOperating margin at 79.6th percentile with strong OpEx control demonstrates cost leadership.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Corning Incorporated ranks #11 of 52
scored companies in Electronic Components by moat score — the top 21%.
The widest moat in the group is Universal Display Corporation (OLED)
at 82/100.
Moat scores for companies ranked near GLW in Electronic Components
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 75
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 73
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 69
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 47
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 58
· 15% of the moat score
Scale matters only when it converts into economics.
Corning Incorporated (GLW) scores 65 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #11 of 52 scored companies in Electronic Components, the top 21%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Electronic Components. Its strongest defense is Cost Advantage (75/100) and its weakest is Resilience (47/100).
How does Corning Incorporated compare with other Electronic Components companies?
Corning Incorporated ranks #11 of 52 scored companies in Electronic Components by moat score. The widest moat in Electronic Components is Universal Display Corporation (OLED) at 82/100. The companies ranked closest are CTS Corporation (CTS) at 70 just above it and Celestica, Inc. (CLS) at 65 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Electronic Components. The defenses are then weighted to produce the overall score out of 100.
Why is Corning Incorporated scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Corning Incorporated?
The Corporate Default template measures 6 defenses, and GLW scores: Pricing Power (70), Cost Advantage (75), Customer Stickiness (73), Capital Efficiency (69), Resilience (47), Scale & Market Position (58). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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