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Corteva, Inc. operates in the agriculture business. The company operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. The company was founded in 1802 and is headquartered in Indianapolis, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.4B | $3.1B | $1.1B | $2.8B | 4.5% | 2.9% | 20.6% |
| 2024 | $16.9B | $2.7B | $907M | $1.5B | 3.8% | -1.8% | 23.4% |
| 2023 | $17.2B | $2.5B | $735M | $1.2B | 2.9% | -1.3% | -35.9% |
| 2022 | $17.5B | $2.7B | $1.1B | $267M | 4.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 17,455 | 17,226 | 16,908 | 17,401 |
| Cost Of Revenue | 10,436 | 9,920 | 9,529 | 9,172 |
| Gross Profit | 7,019 | 7,306 | 7,379 | 8,229 |
| Operating Expense | 5,091 | 5,196 | 5,283 | 5,610 |
| Operating Income | 1,928 | 2,110 | 2,096 | 2,619 |
| EBITDA | 2,728 | 2,537 | 2,735 | 3,071 |
| EBIT | 1,505 | 1,326 | 1,508 | 1,868 |
| Pretax Income | 1,426 | 1,093 | 1,275 | 1,688 |
| Tax Provision | 210 | 152 | 412 | 484 |
| Net Income | 1,147 | 735 | 907 | 1,094 |
| Net Income Common Stockholders | 1,147 | 735 | 907 | 1,094 |
| Total Expenses | 15,527 | 15,116 | 14,812 | 14,782 |
| Interest Expense | 79 | 233 | 233 | 180 |
| Interest Income | 124 | 283 | 132 | 136 |
| Research And Development | 1,216 | 1,337 | 1,402 | 1,474 |
| Selling General And Administration | 3,173 | 3,176 | 3,196 | 3,492 |
| Normalized EBITDA | 3,302 | 3,248 | 3,290 | 3,357 |
| Normalized Income | 1,694.47 | 1,541.17 | 1,226.66 | 1,397 |
| Market Cap | 53,574.25 | 53,574.25 | 53,574.25 | 53,574.25 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Corteva, Inc.this co. | CTVA | $54.6B | 48.97↑ premium | 2.22 | 4.5% | 16.81 |
| The Sherwin-Williams Company | SHW | $83.6B | 32.58 | 18.20 | 55.9% | 21.52 |
| CRH plc | CRH | $79.4B | 21.14 | 3.28 | 15.5% | 12.16 |
| Ecolab Inc. | ECL | $76.3B | 36.67 | 7.79 | 21.2% | 22.05 |
| Nucor Corporation | NUE | $49.6B | 27.98 | 2.33 |
| 8.3% |
| 12.72 |
| Vulcan Materials Company | VMC | $38.5B | 35.42 | 4.47 | 12.6% | 18.17 |
| Martin Marietta Materials, Inc. | MLM | $37.2B | 32.64 | 3.70 | 11.3% | 20.42 |
| Steel Dynamics, Inc. | STLD | $33.5B | 27.71 | 3.67 | 13.2% | 17.17 |
| PPG Industries, Inc. | PPG | $24.9B | 15.59 | 3.09 | 19.8% | 10.77 |
| Peer Median | - | 30.28 | 3.68 | 14.4% | 17.67 | |