greeksoup/ stock research

DuPont de Nemours (DD) FY2024 results: revenue $6.7 billion, up 1.6% on the year

DuPont de Nemours, Inc. (DD) reported revenue of $6.7 billion for fiscal 2024, the year ended 31 December 2024, up 1.6% on the year before. Net income was $703 million, up 66.2%, and diluted earnings per share $5.01. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.

Revenue
$6.7 billion
+1.6% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$703 million
+66.2% on the year
FY2017FY2024
Diluted EPS
$5.01
+77.7% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue6,7196,61413,017+1.6%
Cost of revenue4,4994,4428,402+1.3%
Gross profit2,2202,1724,615+2.2%
Gross margin33.0%32.8%35.5%
Research and development203192536+5.7%
Selling, general and administrative9768911,467+9.5%
Pre-tax income117-2791,448
Income tax213-217387
Effective tax rate182.1%n/a26.7%
Net income7034235,868+66.2%
Net margin10.5%6.4%45.1%
Diluted EPS$5.01$2.82$35.25+77.7%
$ million except per share.
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.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,8471,918588-3.7%
Capital expenditure285302662-5.6%
Free cash flow1,5621,616-74.0-3.3%
Free cash flow margin23.2%24.4%-0.6%
Cash from investingn/an/a8,923
Cash from financingn/an/a-7,667
Depreciation and amortisation6355801,135+9.5%
Share-based compensation56.057.075.0-1.8%
Dividends paid635651652-2.5%
Dividend per share$4.56$4.32$3.96+5.6%
Diluted shares, weighted140m150m166m-6.8%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity23,35024,27926,569-3.8%
Non-controlling interest443446448-0.7%
Short-term borrowingsn/a0.00.0
Debt7,1717,8598,145-8.8%
Operating lease liabilities205390333-47.4%
Finance lease liabilities9.010.01.0-10.0%
Other liabilities5,4585,5685,859-2.0%
Total liabilities and equity36,63638,55241,355-5.0%
Goodwill7,5617,65716,663-1.3%
Intangible assets3,1785,8145,495-45.3%
Investmentsn/a0.01,302
Cash and equivalents1,7922,3923,662-25.1%
Receivables7891,5131,567-47.9%
Inventory1,1302,1472,329-47.4%
Other assets22,18619,02910,337+16.6%
Total assets36,63638,55241,355-5.0%

10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.