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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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 17,455 | 17,226 | 16,908 | 17,401 |
| Operating 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 |
| Research And Development | - | 1,216 | 1,337 | 1,402 | 1,474 |
| Selling General And Administration | - | 3,173 | 3,176 | 3,196 | 3,492 |
| Total Expenses | - | 15,527 | 15,116 | 14,812 | 14,782 |
| Operating Income | - | 1,928 | 2,110 | 2,096 | 2,619 |
| EBITDA | - | 2,728 | 2,537 | 2,735 | 3,071 |
| Normalized EBITDA | - | 3,302 | 3,248 | 3,290 | 3,392 |
| EBIT | - | 1,505 | 1,326 | 1,508 | 1,868 |
| Interest Income | - | 124 | 283 | 132 | 136 |
| Interest Expense | - | 79 | 233 | 233 | 180 |
| Net Interest Income | - | 45 | 50 | -101 | -44 |
| Other Non Operating Income Expenses | - | 7 | -366 | -180 | -579 |
| Other Income Expense | - | -547 | -1,067 | -720 | -887 |
| Interest Income Non Operating | - | 124 | 283 | 132 | 136 |
| Interest Expense Non Operating | - | 79 | 233 | 233 | 180 |
| Net Non Operating Interest Income Expense | - | 45 | 50 | -101 | -44 |
| Pretax Income | - | 1,426 | 1,093 | 1,275 | 1,688 |
| Tax Provision | - | 210 | 152 | 412 | 484 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -84.53 | -98.83 | -179.34 | -92.04 |
| Net Income Continuous Operations | - | 1,216 | 941 | 863 | 1,204 |
| Net Income From Continuing And Discontinued Operation | - | 1,147 | 735 | 907 | 1,094 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,205 | 929 | 851 | 1,193 |
| Net Income | - | 1,147 | 735 | 907 | 1,094 |
| Net Income Common Stockholders | - | 1,147 | 735 | 907 | 1,094 |
| Net Income Including Noncontrolling Interests | - | 1,158 | 747 | 919 | 1,105 |
| Normalized Income | - | 1,694.47 | 1,541.17 | 1,226.66 | 1,421.96 |
| Diluted NI Availto Com Stockholders | - | 1,147 | 735 | 907 | 1,094 |
| Basic Average Shares | - | 720.80 | 709 | 693.70 | 680 |
| Diluted Average Shares | - | 724.50 | 711.90 | 696 | 681.40 |
| Reconciled Depreciation | - | 1,223 | 1,211 | 1,227 | 1,203 |
| Reconciled Cost Of Revenue | - | 9,915 | 9,392 | 8,987 | 8,613 |
| Total Unusual Items | - | -574 | -711 | -555 | -321 |
| Total Unusual Items Excluding Goodwill | - | -574 | -711 | -555 | -321 |
| Minority Interests | - | -11 | -12 | -12 | -11 |
| Net Income Discontinuous Operations | - | -58 | -194 | 56 | -99 |
| Special Income Charges | - | -345 | -314 | -271 | -140 |
| Gain On Sale Of Business | - | 18 | 22 | 17 | 41 |
| Restructuring And Mergern Acquisition | - | 363 | 336 | 288 | 181 |
| Gain On Sale Of Security | - | -229 | -397 | -284 | -181 |
| Depreciation Amortization Depletion Income Statement | - | 702 | 683 | 685 | 644 |
| Depreciation And Amortization In Income Statement | - | 702 | 683 | 685 | 644 |
| Earnings From Equity Interest | - | 20 | 10 | 15 | 13 |
| Amortization | - | 702 | 683 | 685 | 644 |
| Amortization Of Intangibles Income Statement | - | 702 | 683 | 685 | 644 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Corteva, Inc.this co. | CTVA | $51.8B | 47.36↑ premium | 2.15 | 4.5% | 16.23 |
| The Sherwin-Williams Company | SHW | $74.0B | 28.82 | 16.10 | 55.9% | 19.36 |
| Ecolab Inc. | ECL | $71.6B | 34.49 | 7.33 | 21.2% | 20.87 |
| CRH plc | CRH | $71.2B | 19.09 | 2.97 | 15.5% | 11.17 |
| Air Products and Chemicals, Inc. | APD | $63.0B | -159.66 |
| - |
| - |
| - |
| - |
| 4.19 |
| -2.6% |
| 59.47 |
| Nucor Corporation | NUE | $59.7B | 34.25 | 2.85 | 8.3% | 15.31 |
| Steel Dynamics, Inc. | STLD | $39.9B | 33.68 | 4.46 | 13.2% | 20.51 |
| Vulcan Materials Company | VMC | $36.7B | 34.11 | 4.31 | 12.6% | 17.57 |
| Martin Marietta Materials, Inc. | MLM | $34.9B | 30.68 | 3.48 | 11.3% | 19.36 |
| Peer Median | - | 32.18 | 4.25 | 12.9% | 19.36 | |