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Side-by-side financial comparison of Corning Inc. (GLW) and PG&E Corporation (PCG). Click either name above to swap in a different company.

PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.1B, roughly 1.7× Corning Inc.). PG&E Corporation runs the higher net margin — 12.9% vs 9.3%, a 3.5% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 0.0%). Over the past eight quarters, Corning Inc.'s revenue compounded faster (12.9% CAGR vs 7.2%).

Corning Incorporated is an American multinational technology company specializing in glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. Founded in 1851, the company was called Corning Glass Works for most of its history. Corning was known during the 20th century for its consumer product lines, such as including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bake...

Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.

GLW vs PCG — Head-to-Head

Bigger by revenue
PCG
PCG
1.7× larger
PCG
$6.9B
$4.1B
GLW
Growing faster (revenue YoY)
PCG
PCG
+15.0% gap
PCG
15.0%
0.0%
GLW
Higher net margin
PCG
PCG
3.5% more per $
PCG
12.9%
9.3%
GLW
Faster 2-yr revenue CAGR
GLW
GLW
Annualised
GLW
12.9%
7.2%
PCG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GLW
GLW
PCG
PCG
Revenue
$4.1B
$6.9B
Net Profit
$387.0M
$885.0M
Gross Margin
36.9%
Operating Margin
15.4%
21.4%
Net Margin
9.3%
12.9%
Revenue YoY
0.0%
15.0%
Net Profit YoY
-60.0%
39.6%
EPS (diluted)
$0.43
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GLW
GLW
PCG
PCG
Q1 26
$4.1B
$6.9B
Q4 25
$4.2B
$6.8B
Q3 25
$4.1B
$6.3B
Q2 25
$3.9B
$5.9B
Q1 25
$3.5B
$6.0B
Q4 24
$3.5B
$6.6B
Q3 24
$3.4B
$5.9B
Q2 24
$3.3B
$6.0B
Net Profit
GLW
GLW
PCG
PCG
Q1 26
$387.0M
$885.0M
Q4 25
$540.0M
$670.0M
Q3 25
$430.0M
$850.0M
Q2 25
$469.0M
$549.0M
Q1 25
$157.0M
$634.0M
Q4 24
$310.0M
$674.0M
Q3 24
$-117.0M
$579.0M
Q2 24
$104.0M
$524.0M
Gross Margin
GLW
GLW
PCG
PCG
Q1 26
36.9%
Q4 25
35.5%
Q3 25
37.1%
Q2 25
36.0%
Q1 25
35.2%
Q4 24
34.2%
Q3 24
33.5%
Q2 24
29.2%
Operating Margin
GLW
GLW
PCG
PCG
Q1 26
15.4%
21.4%
Q4 25
15.9%
18.0%
Q3 25
14.4%
19.3%
Q2 25
14.8%
18.6%
Q1 25
12.9%
20.4%
Q4 24
11.2%
15.4%
Q3 24
8.9%
17.3%
Q2 24
5.7%
18.9%
Net Margin
GLW
GLW
PCG
PCG
Q1 26
9.3%
12.9%
Q4 25
12.8%
9.8%
Q3 25
10.5%
13.6%
Q2 25
12.1%
9.3%
Q1 25
4.5%
10.6%
Q4 24
8.9%
10.2%
Q3 24
-3.5%
9.7%
Q2 24
3.2%
8.8%
EPS (diluted)
GLW
GLW
PCG
PCG
Q1 26
$0.43
$0.39
Q4 25
$0.61
$0.29
Q3 25
$0.50
$0.37
Q2 25
$0.54
$0.24
Q1 25
$0.18
$0.28
Q4 24
$0.36
$0.30
Q3 24
$-0.14
$0.27
Q2 24
$0.12
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GLW
GLW
PCG
PCG
Cash + ST InvestmentsLiquidity on hand
$1.8M
Total DebtLower is stronger
$7.7M
Stockholders' EquityBook value
$12.3M
Total Assets
$31.3M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLW
GLW
PCG
PCG
Q1 26
$1.8M
Q4 25
$1.5B
$713.0M
Q3 25
$404.0M
Q2 25
$494.0M
Q1 25
$2.0B
Q4 24
$1.8B
$940.0M
Q3 24
$895.0M
Q2 24
$1.3B
Total Debt
GLW
GLW
PCG
PCG
Q1 26
$7.7M
Q4 25
$7.6B
$57.4B
Q3 25
$7.4B
Q2 25
$6.7B
Q1 25
$7.0B
Q4 24
$6.9B
$53.6B
Q3 24
$7.1B
Q2 24
$6.9B
Stockholders' Equity
GLW
GLW
PCG
PCG
Q1 26
$12.3M
Q4 25
$11.8B
$32.5B
Q3 25
$11.5B
$32.0B
Q2 25
$11.1B
$31.2B
Q1 25
$10.7B
$30.7B
Q4 24
$10.7B
$30.1B
Q3 24
$11.1B
$26.8B
Q2 24
$10.6B
$26.3B
Total Assets
GLW
GLW
PCG
PCG
Q1 26
$31.3M
Q4 25
$31.0B
$141.6B
Q3 25
$29.9B
$138.2B
Q2 25
$28.7B
$136.4B
Q1 25
$27.4B
$135.4B
Q4 24
$27.7B
$133.7B
Q3 24
$28.3B
$132.3B
Q2 24
$27.2B
$130.8B
Debt / Equity
GLW
GLW
PCG
PCG
Q1 26
0.62×
Q4 25
0.65×
1.76×
Q3 25
0.64×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.64×
1.78×
Q3 24
0.64×
Q2 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GLW
GLW
PCG
PCG
Operating Cash FlowLast quarter
$362.0M
Free Cash FlowOCF − Capex
$188.0M
FCF MarginFCF / Revenue
4.5%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLW
GLW
PCG
PCG
Q1 26
$362.0M
Q4 25
$1.1B
$2.0B
Q3 25
$784.0M
$2.9B
Q2 25
$708.0M
$1.1B
Q1 25
$151.0M
$2.8B
Q4 24
$623.0M
$1.9B
Q3 24
$699.0M
$3.1B
Q2 24
$521.0M
$711.0M
Free Cash Flow
GLW
GLW
PCG
PCG
Q1 26
$188.0M
Q4 25
$620.0M
$-1.2B
Q3 25
$450.0M
$-80.0M
Q2 25
$400.0M
$-2.0B
Q1 25
$-57.0M
$213.0M
Q4 24
$369.0M
$-896.0M
Q3 24
$482.0M
$526.0M
Q2 24
$279.0M
$-1.6B
FCF Margin
GLW
GLW
PCG
PCG
Q1 26
4.5%
Q4 25
14.7%
-17.6%
Q3 25
11.0%
-1.3%
Q2 25
10.4%
-34.0%
Q1 25
-1.7%
3.6%
Q4 24
10.5%
-13.5%
Q3 24
14.2%
8.9%
Q2 24
8.6%
-26.5%
Capex Intensity
GLW
GLW
PCG
PCG
Q1 26
8.0%
Q4 25
10.2%
46.4%
Q3 25
8.1%
46.9%
Q2 25
8.0%
52.0%
Q1 25
6.0%
44.0%
Q4 24
7.3%
42.6%
Q3 24
6.4%
43.8%
Q2 24
7.4%
38.4%
Cash Conversion
GLW
GLW
PCG
PCG
Q1 26
0.94×
Q4 25
1.95×
2.93×
Q3 25
1.82×
3.35×
Q2 25
1.51×
1.93×
Q1 25
0.96×
4.49×
Q4 24
2.01×
2.87×
Q3 24
5.41×
Q2 24
5.01×
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GLW
GLW

Segment breakdown not available.

PCG
PCG

Electric$5.0B72%
Other$1.9B28%

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