Corning Incorporated (GLW) vs Ralliant Corporation (RAL)

Corning Incorporated and Ralliant Corporation are both Electronic Components companies. Corning Incorporated is the larger, with a market value of $89.1B against $7.0B — 12.8× the size. Ralliant Corporation has negative trailing earnings, so its P/E is not meaningful; Corning Incorporated trades at 40.5×. Corning Incorporated grew revenue faster over the last twelve months: 18.8% against 11.3%. Corning Incorporated has the higher net margin (12.1% vs −52.1%) and the higher return on invested capital (9.15% vs −28.7%). Both pay a dividend; Corning Incorporated yields more (1.07% vs 0.32%). Across the 20 metrics below, Corning Incorporated leads on 13 and Ralliant Corporation on 7.

Valuation

Metric GLW RAL Electronic Components median
P/E 40.49 n/m 24.82
P/S 5.08 3.06 2.28
P/B 6.30 4.30 2.86
Price to free cash flow 36.55 22.96 22.99
EV/EBITDA 21.67 20.89 14.69
EV/Sales 5.40 3.63 2.38
Earnings yield 2.47% (16.71%) 2.68%
Free cash flow yield 2.74% 4.35% 1.70%

Profitability

Metric GLW RAL Electronic Components median
Gross margin 36.46% 51.59% 32.78%
Operating margin 16.48% (48.30%) 4.90%
Net margin 12.13% (52.10%) 3.46%
Free cash flow margin 13.89% 13.31% 1.66%
Return on equity 16.35% (51.80%) 5.59%
Return on assets 6.71% (26.14%) 4.13%
Return on invested capital 9.15% (28.65%) 4.66%

Growth

Metric GLW RAL Electronic Components median
Revenue growth (TTM) 18.80% 11.30% 13.94%
EPS growth (last fiscal year) 215.52% (442.61%) 35.44%
Revenue growth, 5-year CAGR 6.70% — 6.70%
Net income growth, 5-year CAGR 30.98% — 7.53%

Health

Metric GLW RAL Electronic Components median
Debt to equity 0.57 0.71 0.11
Current ratio 1.72 1.65 2.50
Net debt to EBITDA 1.91 2.22 0.41

Dividend

Metric GLW RAL Electronic Components median
Dividend yield 1.07% 0.32% 1.10%
Payout ratio 0.44 — 0.28

Size

Metric GLW RAL Electronic Components median
Market cap 89.09b 6.95b 1.16b

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