CORNING INC /NY vs ArcelorMittal, two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
These two barely belong in the same bucket: Corning is a specialty-glass and optical-fiber maker priced as a tech growth story at 107 times earnings and 15.7 times book, ArcelorMittal a commodity steelmaker trading below book at 0.81 on a 14.5 P/E. Corning earns 14.66% on equity from display glass, fiber, and Gorilla Glass; ArcelorMittal 5.74% from rolling steel. ArcelorMittal yields a fat 10.52% in free cash against Corning's 1.5%. The pair is materials science against heavy industry: Corning sells engineered glass into growing tech markets at a growth multiple, ArcelorMittal sells commodity steel into the cycle at a deep-value one, and only the sector tag pretends they are peers.
Comparison updated 2026-07-11.
| Metric | GLW | MT |
|---|---|---|
| Price | $223.06 | $59.90 |
| Market cap | $194.3B | $45.7B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +10.0% |
| P/E | 107.2 | 14.5 |
| P/B | 15.73 | 0.81 |
| P/S | 11.90 | 0.74 |
| EV/EBITDA | 69.0 | 6.1 |
| Revenue growth | +20.0% | -5.1% |
| Gross margin | 36.9% | 7.1% |
| Operating margin | 15.4% | 5.9% |
| Net margin | 11.1% | 5.3% |
| Return on equity | 14.7% | 5.7% |
| Return on assets | 5.8% | 3.3% |
| Return on invested capital | 14.0% | 5.8% |
| FCF yield | 1.5% | 10.5% |
| Dividend yield | 0.5% | — |
| Debt / equity | 0.10 | 0.00 |
| Current ratio | 1.61 | 1.36 |
| Altman Z (solvency) | 7.48 | 2.23 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.