CTVANYSEAgricultural Production-CropsFiscal year ends December 31
Corteva, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$12.65−0.23 (-1.79%)
Close on Oct 19, 2026
- Market cap
- $8.47B
- P/E (TTM)
- 8.4
- Dividend yield
- 5.53%
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
47.3%+7.1 pts over 5 years
Net margin
6.3%+1.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.9% | -0.1% | +4.1% | – | |
| Gross profit | +11.5% | +5.4% | +7.6% | – | |
| Net income | +20.6% | -1.6% | +9.9% | – | |
| EPS, diluted | +23.1% | +0.4% | +11.9% | – | |
| Free cash flow | +81.8% | +119.3% | +12.1% | – | |
| Dividend per share | +6.1% | +6.5% | +6.1% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 2.8% | 4.6% | |
| Return on assets | – | 1.6% | 2.6% | |
| Current ratio | – | 1.73 | 1.43 | |
| Debt to equity | – | 0.04 | 0.11 | |
| Inventory turnover | – | 1.7× | 1.7× | |
| Capex to revenue | – | 3.3% | 3.4% | |
| Diluted shares | – | 751M | 681M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Corteva generated $10.92B from operations and spent $9.93B on capital expenditure, dividends and share buybacks. 30% of that went back into the business.
Generated
$10.92B
Used
$9.93B
Capital expenditure$2.96B30%Dividends$2.19B22%Share buybacks$4.79B48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.3%
×Asset turnover0.42×
×Equity multiplier1.75×
=Return on equity, FY20254.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.3% | 0.42× | 1.75× | 4.6% |
| FY2024 | 5.4% | 0.40× | 1.72× | 3.7% |
| FY2023 | 4.3% | 0.40× | 1.70× | 2.9% |
| FY2022 | 6.6% | 0.41× | 1.68× | 4.5% |
| FY2021 | 11.2% | 0.37× | 1.69× | 7.0% |
| FY2020 | 4.8% | 0.33× | 1.73× | 2.8% |
| FY2019 | -6.9% | 0.18× | 1.53× | -1.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.09B
- Cash generatingOperating cash flow above zero$3.41B
- Return on assets improvedROA up on the prior year2.1% → 2.7%
- Earnings backed by cashOperating cash flow above net income$3.41B vs $1.09B
- Less leverageLong-term debt to assets fell4.8% → 3.9%
- Better liquidityCurrent ratio rose1.45 → 1.43
- No dilutionShare count did not rise696M → 681M
- Gross margin improvedGross margin up on the prior year43.64% → 47.29%
- More efficientAsset turnover rose0.39 → 0.43