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Asia Pacific Wire & Cable vs Corning: revenue, profit, margins and growth compared

Asia Pacific Wire & Cable brought in $472.7M of revenue in fiscal 2024, Corning $15.6B in fiscal 2025. Revenue changed by +11.0% at Asia Pacific Wire & Cable and +19.1% at Corning on the year before, so Corning grew faster. Asia Pacific Wire & Cable kept 0.7% of its revenue as net profit, Corning 10.2%. Free cash flow was $20.1M at Asia Pacific Wire & Cable and $1.4B at Corning.

Side by side, latest fiscal year

APWCGLW
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$472.7M$15.6B
Revenue growth+11.0%+19.1%
Net income$3.5M$1.6B
Net margin0.7%10.2%
Free cash flow$20.1M$1.4B
Free cash flow margin4.2%9.0%
Earnings per share (diluted)$0.17$1.83
Cash$34M$1.5B
Debt$29M$8.4B
Price to earningsn/a85.7
Market value$55.3M$135B
Dividend yieldn/a0.71%
Rank by revenue in sector#326 of 451 · Industrials#40 of 451 · Industrials

Over the years

Revenue
APWC FY2017: $425.2MAPWC FY2018: $425.9MAPWC FY2019: $338.2MAPWC FY2020: $313.6MAPWC FY2021: $476.7MAPWC FY2022: $433.9MAPWC FY2023: $425.8MAPWC FY2024: $472.7MGLW FY2018: $11.3BGLW FY2019: $11.5BGLW FY2020: $11.3BGLW FY2021: $14.1BGLW FY2022: $14.2BGLW FY2023: $12.6BGLW FY2024: $13.1BGLW FY2025: $15.6BFY17FY18FY19FY20FY21FY22FY23FY24FY25
APWC $472.7MGLW $15.6B
Net income
APWC FY2017: $8.7MAPWC FY2018: $2.9MAPWC FY2019: -$1.6MAPWC FY2020: -$552KAPWC FY2021: -$2.6MAPWC FY2022: $3.9MAPWC FY2023: $3.9MAPWC FY2024: $3.5MGLW FY2018: $1.1BGLW FY2019: $960MGLW FY2020: $512MGLW FY2021: $1.9BGLW FY2022: $1.3BGLW FY2023: $581MGLW FY2024: $506MGLW FY2025: $1.6BFY17FY18FY19FY20FY21FY22FY23FY24FY25
APWC $3.5MGLW $1.6B
Net margin
APWC FY2017: 2.1%APWC FY2018: 0.7%APWC FY2019: -0.5%APWC FY2020: -0.2%APWC FY2021: -0.6%APWC FY2022: 0.9%APWC FY2023: 0.9%APWC FY2024: 0.7%GLW FY2018: 9.4%GLW FY2019: 8.3%GLW FY2020: 4.5%GLW FY2021: 13.5%GLW FY2022: 9.3%GLW FY2023: 4.6%GLW FY2024: 3.9%GLW FY2025: 10.2%FY17FY18FY19FY20FY21FY22FY23FY24FY25
APWC 0.7%GLW 10.2%
Revenue growth
APWC FY2018: +0.2%APWC FY2019: -20.6%APWC FY2020: -7.3%APWC FY2021: +52.0%APWC FY2022: -9.0%APWC FY2023: -1.9%APWC FY2024: +11.0%GLW FY2019: +1.9%GLW FY2020: -1.7%GLW FY2021: +24.6%GLW FY2022: +0.8%GLW FY2023: -11.3%GLW FY2024: +4.2%GLW FY2025: +19.1%FY18FY19FY20FY21FY22FY23FY24FY25
APWC +11.0%GLW +19.1%
Free cash flow
APWC FY2017: -$21.3MAPWC FY2018: $36.2MAPWC FY2019: $9.7MAPWC FY2020: $1.8MAPWC FY2021: -$50.2MAPWC FY2022: $2.8MAPWC FY2023: -$10.3MAPWC FY2024: $20.1MGLW FY2018: $677MGLW FY2019: $53MGLW FY2020: $803MGLW FY2021: $1.8BGLW FY2022: $1BGLW FY2023: $615MGLW FY2024: $974MGLW FY2025: $1.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
APWC $20.1MGLW $1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Asia Pacific Wire & Cable and Corning

Which is bigger by revenue, Asia Pacific Wire & Cable or Corning?

Corning is bigger by revenue: $15.6B in fiscal 2025, against $472.7M for Asia Pacific Wire & Cable in fiscal 2024.

Which keeps more of its revenue as profit, Asia Pacific Wire & Cable or Corning?

Asia Pacific Wire & Cable had a net margin of 0.7% in fiscal 2024; Corning had 10.2% in fiscal 2025.

Which grew revenue faster, Asia Pacific Wire & Cable or Corning?

In their latest fiscal years revenue changed by +11.0% at Asia Pacific Wire & Cable and +19.1% at Corning.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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