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Stock research / United States / CTVA · Agricultural Production-Crops · NYSE

Corteva, Inc. (CTVA)

Corteva supplies seed and crop protection products to agriculture, reaching farmers in approximately 110 countries. It was incorporated in Delaware in March 2018 with business headquarters in Indianapolis, and it became an independent public company on 1 June 2019 when DowDuPont distributed its shares, having first contributed EIDP, formerly E. I. du Pont de Nemours and Company, so that Corteva owns all of EIDP's common stock. Operations run through two segments, Seed and Crop Protection. On 1 October 2025 the company announced its intent to separate those two businesses into standalone publicly traded companies in a transaction intended to be a tax-free spin-off for United States federal income tax purposes.

Corteva, Inc.

Corteva supplies seed and crop protection products to agriculture, reaching farmers in approximately 110 countries. It was incorporated in Delaware in March 2018 with business headquarters in Indianapolis, and it became an independent public company on 1 June 2019 when DowDuPont distributed its shares, having first contributed EIDP, formerly E. I. du Pont de Nemours and Company, so that Corteva owns all of EIDP's common stock. Operations run through two segments, Seed and Crop Protection. On 1 October 2025 the company announced its intent to separate those two businesses into standalone publicly traded companies in a transaction intended to be a tax-free spin-off for United States federal income tax purposes.

Seed

The segment develops and supplies commercial seed combining germplasm with traits meant to raise yield potential, and holds positions in North American corn and soybeans, European corn and sunflower, and corn in Brazil, India, South Africa and Argentina. Its seed and trait technologies aim at resilience to weather, pests, diseases and the herbicides used to control weeds, and its digital tools offer data-driven insights on yield and profitability. Brands include Pioneer, Brevant, Dairyland Seed, Hoegemeyer hybrids, Nutech, Seed Consultants, AgVenture, PhytoGen cottonseed and Pannar. Traits and technologies include the Enlist weed control system with Enlist corn, Enlist E3 soybeans and Enlist cotton, Herculex and WideStrike insect protection, the PowerCore and SmartStax trait families, Optimum AcreMax insect protection, Qrome corn, Plenish high oleic soybeans, Nexera canola and Conkesta soybeans, alongside LumiGEN seed treatments. Since 2019 the company has been accelerating the Enlist E3 trait through its soybean portfolio across brands.

Crop Protection

The segment sells products that protect crops from weeds, insects and other pests and disease, and that support crop health above and below ground through nitrogen management and seed-applied technologies, with digital tools alongside them. The company describes itself as a leader in global herbicides, insecticides, nitrogen stabilisers, pasture and range management herbicides, biologicals and other nature-based products. Insect and nematode products include Jemvelva, Qalcova, Pyraxalt, Isoclast, Reklemel, Delegate, Sentricon and Lannate; disease products include Zorvec, Adavelt, Inatreq, Aproach and Fontelis; weed control includes Arylex, the Enlist system, Rinskor, Kerb, Quelex, Loyant and Duracor; nitrogen management covers Instinct and N-Serve; and biologicals include Stimulate, Utrisha N and BlueN.

Where the inputs come from

The key raw materials for Seed are corn and soybean seed, grown under contract with third-party growers around the world, with production kept close to the customer so the seed suits local weeds, insects, disease, weather and soil. Seed is conditioned and packaged in the company's own plants and at third-party contract plants, a balance the company says keeps it flexible to regional demand shifts while holding down cost, and contract growers receive training, planning tools and access to a testing system that advances products matched to particular geographies. For Crop Protection the key inputs are chlorinated pyridines derivatives, specialty intermediates, technical grade active ingredients, chlorine and seed treatments, usually bought under long-term contracts with multiple suppliers that sometimes carry minimum purchase commitments, though certain important materials come from only a few major suppliers. Contract manufacturers at home and abroad make some inputs and components, ingredients are sourced globally and products are generally formulated close to end customers, with alternative geographies used when demand shifts, local availability falls or capacity is constrained.

Research and people

Research and development and supply chain work together on the characteristics that go into the seed products, with digitised data and a connected network used to run field operations, allocate resources and guide future product advancement. At 31 December 2025 the company employed approximately 21,500 people, 47% in North America, 21% in Latin America, 20% across Europe, the Middle East and Africa and 12% in Asia-Pacific. Approximately 2% of the United States workforce is unionised and another 13% of the global workforce takes part in works councils and collective bargaining outside the United States, and there were no work stoppages from strikes or lockouts in 2025.

From Corteva's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Corteva became

Next results: 11 Nov 2026, announced by the company (its release). Earnings calendar

Latest results

Latest quarterQ2 FY2026ended 30 June 2026 · 10-Q filed 31 July 2026
Revenue
$6.4 billion
-1.2% on the year · +30.1% on the quarter
Q3 FY2024Q2 FY2026
Net income
$1.2 billion
-11.6% on the year · +61.3% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$1.73
-9.9% on the year · +61.7% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 12 February 2026
Revenue
$17.4 billion
+2.9% on the year
FY2018FY2025
Net income
$1.1 billion
+20.6% on the year
FY2018FY2025
Diluted EPS
$1.60
+23.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCorteva (CTVA) reported revenue of $17.4 billion for fiscal 2025, the year ended 31 December 2025, up 2.9% on the year before. Net income was $1.1 billion and diluted earnings per share $1.60. Revenue was $16.9 billion in fiscal 2024, $17.2 billion in fiscal 2023, $17.5 billion in fiscal 2022 and $15.7 billion in fiscal 2021. Net income in the same years was $907 million, $735 million, $1.1 billion and $1.8 billion. Over the twelve months to 30 June 2026, Corteva reported revenue of $17.8 billion and net income of $1.0 billion. Revenue grew 4.1% a year, compounded, over the five years to fiscal 2025. Corteva declared $0.72 a share in dividends over the last four quarters and had 667 million shares outstanding at the latest filed count. At 30 June 2026 it carried $4.9 billion of debt and $2.4 billion of cash. At the close of 6 November 2026 the market cap of Corteva was $7.9 billion, 7.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.0%
ROCEn/a
Operating marginn/a
Net margin5.7%
FCF margin3.5%
Interest covern/a
Debt to equity0.19x
Cash conversion1.20x
Share count, last 12 months-1.9%
Sales CAGR, 3 years-0.1%
Profit CAGR, 3 years-1.6%
EPS, TTM$1.51

At the close of 6 November 2026

Price$11.89
Market cap$7.9 billion
Stock P/E7.9x
Price to book0.32x
EV / EBITDAn/a
Dividend yield6.1%
Market cap / sales0.45x
52-week high$14.46
52-week low$9.82
Price, 1 year21.1%
Price CAGR, 3 years15.8%
Price CAGR, 5 years9.9%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Corteva, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
CTVAgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,3713,4794,6016,2522,7773,8254,8846,0452,5903,7074,4926,1122,3263,9784,4176,4562,6183,9104,9056,379
Cost of revenue1,5582,2322,7243,3231,8792,5102,7713,1371,6462,3662,5502,9181,5652,4962,3422,9321,6442,2542,3722,718
Gross profit8131,2471,8772,9298981,3152,1132,9089441,3411,9423,1947611,4822,0753,5249741,6562,5333,661
Gross margin34%36%41%47%32%34%43%48%36%36%43%52%33%37%47%55%37%42%52%57%
R&D297316268296312340316329335357332357348365335375351413341388
SG&A6728067351,0176577647261,0456707357361,0546717357511,1567258608771,164
Pre-tax income8.02456981,327-396-203776-1,084-4441,8454821,338-63388.07841,804-370-5308581,625
Tax rate-350%37%17%24%n/an/a22%n/an/a-5%22%21%n/a157%15%23%n/an/a16%25%
Net income30.0159564969-331-55.0595714-321-2534191,053-524-41.06521,314-320-5527201,161
Net margin1%5%12%15%-12%-1%12%12%-12%-7%9%17%-23%-1%15%20%-12%-14%15%18%
Diluted EPS$0.04$0.22$0.78$1.33-$0.46-$0.08$0.83$1.00-$0.45-$0.36$0.60$1.51-$0.76-$0.06$0.95$1.92-$0.47-$0.82$1.07$1.73
Operating cash flow-1763,546-2,7301,109-5253,018-3,311812-1054,373-2,6094511304,173-2,1099471934,375-2,891-466
Capital expenditure14416017913914214515199.016218314811415418194.011815722281.0122
Free cash flow-3203,386-2,909970-6672,873-3,462713-2674,190-2,757337-24.03,992-2,20382936.04,153-2,972-588
Buybacks20020023536520020025280.0253171252252253252270250250301250250
Dividends paid103-692102101108-729107106114112112111117118116116122121121120
Shares outstanding730m727m725m719m716m713m711m710m705m701m698m694m689m686m683m680m676m672m669m667m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2017 † ‡FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue10,68414,28713,84614,21715,65517,45517,22616,90817,40117,812
Cost of revenue6,3249,9488,5758,5079,22010,4369,9209,5299,1728,988
Gross profit4,3604,3395,2715,7106,4357,0197,3067,3798,2298,824
Gross margin40.8%30.4%38.1%40.2%41.1%40.2%42.4%43.6%47.3%49.5%
Research and development1,0751,3551,1471,1421,1871,2161,3371,4021,4741,493
Selling, general and administrative2,8893,0413,0653,0433,2093,1733,1763,1963,4923,626
Pre-tax income-498-6,806-3166752,3461,4261,0931,2751,6881,583
Income tax-2,616-31.0-46.0-81.0524210152412484486
Effective tax raten/an/an/a-12.0%22.3%14.7%13.9%32.3%28.7%30.7%
Net income2,916-5,065-9596811,7591,1477359071,0941,009
Net margin27.3%-35.5%-6.9%4.8%11.2%6.6%4.3%5.4%6.3%5.7%
Diluted EPSn/a-$6.76-$1.28$0.91$2.37$1.58$1.03$1.30$1.60$1.51
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed. ‡ Filed in two parts, up to 31 August 2017 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank.

Revenue by segment FY2018 to FY2025

FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Seed7,8427,5907,7568,4028,9799,4729,5459,89856.9%
Crop Protection6,4456,2566,4617,2538,4767,7547,3637,50343.1%
SeedCrop Protection
14.3FY201813.8FY201914.2FY202015.7FY202117.5FY202217.2FY202316.9FY202417.4FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2018 to FY2025

FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States6,7256,2556,5106,7827,5537,7837,8668,26947.5%
Latin America2,8172,8892,8053,5454,4453,9063,7763,92822.6%
EMEA2,7652,7402,8423,1233,2563,3673,1243,11017.9%
Asia Pacific1,2931,2881,4021,4511,4601,3631,3481,3397.7%
Canada6876746587547418077947554.3%
United StatesLatin AmericaEMEAAsia PacificCanada
14.3FY201813.8FY201914.2FY202015.7FY202117.5FY202217.2FY202316.9FY202417.4FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2017 † ‡FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-2754831,0702,0642,7278721,7692,1453,4061,211
Capital expenditure1,1861,5011,163475573605595597591582
Free cash flow-1,461-1,018-93.01,5892,1542671,1741,5482,815629
Free cash flow margin-13.7%-7.1%-0.7%11.2%13.8%1.5%6.8%9.2%16.2%3.5%
Cash from investing1,296-505-904-674-362-632-1,987-589-543-592
Cash from financing2,025-2,624-2,929303-1,266-1,180-99.0-1,199-1,644-301
Depreciation and amortisation4642,7901,5991,1771,2431,2231,2111,2271,2031,242
Buybacks0.00.025.02759501,0007561,0091,0711,051
Dividends paid-9880.0-194-388397418439458475484
Dividend per sharen/an/a$0.26$0.52$0.54$0.58$0.58$0.66$0.70n/a
Diluted shares, weightedn/a749m750m751m742m724m712m696m681m670m
Shares outstanding at period endn/an/a749m743m727m713m701m686m672m667m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2017 † ‡FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity79,59374,66024,30924,82425,38425,30225,03723,78924,14425,159
Non-controlling interestn/a493246239239239242241242244
Debtn/a5,7841151,1021,1001,3072,4892,7032,5804,875
Operating lease liabilitiesn/an/a426391338331355342293n/a
Finance lease liabilitiesn/a67.05.04.03.02.01.00.00.0n/a
Other liabilitiesn/a27,67917,29616,08915,28015,43714,87213,75015,58611,364
Total liabilities and equityn/a108,68342,39742,64942,34442,61842,99640,82542,84541,642
Owned
Fixed assets4,6484,5444,5464,3964,3294,2544,2874,0994,2204,178
Goodwill14,87310,19310,22910,26910,1079,96210,60510,40810,46510,437
Intangible assetsn/a12,05511,42410,74710,0449,3399,6268,8768,3018,006
Investmentsn/a5.05.026986.012498.063.09.00.0
Cash and equivalents7,8082,2701,7643,5264,4593,1912,6443,1064,5212,365
Receivablesn/a3,6494,2253,7543,4414,1684,2104,4484,8815,834
Inventoryn/a5,3105,0324,8825,1806,8116,8995,4325,6674,443
Other assetsn/a70,6575,1724,8064,6984,7694,6274,3934,7816,379
Total assetsn/a108,68342,39742,64942,34442,61842,99640,82542,84541,642
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a4.1%-0.1%3.7%
Profit growth, compoundedn/a9.9%-1.6%-28.0%
Return on equity, average2.0%4.5%3.8%4.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

When does Corteva report its next earnings?

Corteva has announced its next results for 11 Nov 2026.

What was Corteva's revenue in fiscal 2025?

Corteva (CTVA) reported revenue of $17.4 billion for fiscal 2025, the year ended 31 December 2025, up 2.9% on the year before.

How much did Corteva earn in fiscal 2025?

Net income was $1.1 billion for fiscal 2025, and diluted earnings per share $1.60.

What is Corteva's P/E ratio?

At the close of 6 November 2026, Corteva traded at 7.9 times its earnings over the twelve months to 30 June 2026.

What is Corteva's market cap?

The market cap of Corteva was $7.9 billion at the close of 6 November 2026.

Does Corteva pay a dividend?

Yes. Corteva declared $0.72 a share in dividends over the four quarters to 30 June 2026.

Peers: Agriculture

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corteva, Inc. CTVA$7.9 billion7.874.0%n/a3.7%0.196.1%
Cal-Maine Foods Inc. CALM$3.0 billion51.682.3%0.7%-42.5%0.003.8%
Dole plc DOLE$1.3 billion22.404.5%1.7%8.3%0.78n/a
Del Monte Corp. DMC$1.3 billion16.024.0%2.9%1.4%0.254.4%
BrightView Holdings, Inc. BV$1.1 billionn/a1.6%3.5%1.4%0.71n/a
Mission Produce, Inc. AVO$1.0 billion388.830.2%1.8%-6.2%0.52n/a
Village Farms International, Inc. VFF$352 millionn/an/an/an/a0.13n/a
Limoneira Co. LMNR$193 millionn/a-28.3%-35.9%-19.9%0.672.8%
4 companies share its SEC industry code (Agricultural Production-Crops); the rest are the names nearest in size in its wider industry, Agriculture, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on CTVA

Dividends$0.72 a share over the four quarters to 30 June 2026, a 6.06% yield
Filings33 in twelve months: 26 current reports (8-K), about 13 other events; 6 regulation FD disclosure; 3 officer or director change; 3 results of operations; 2 change to security holders' rights
Planned insider sales1 Form 144 notice in twelve months, $636,200; latest 20 February 2026
Options tapeput/call 0.56 by open interest at the 6 November 2026 close; the straddle prices a 11.6% move to 20 November 2026
13F holders1,503 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest38.6 million shares short, 1.00 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 3 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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