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Corteva, Inc.

CTVA Basic Materials Agricultural Inputs

Corteva, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 billion, up 2.92% from fiscal 2024.

Revenue
−1.19%
EPS
−9.90%
Free cash flow
−169.4%
Total debt
+34.3%

Quarter to June 2026, against a year earlier

12.04 0.22 −1.79%
Market cap
$8.0B
P/E
8.0×
Fwd P/E
14.2×
Dividend yield
5.98%
F-score
8/9
Altman Z
0.97
Beneish M
−2.70
Dividend safety
77/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Seed
  • Crop Protection

Every year since 2018 →

Insider Decisions last twelve months

Sold, $m 0.64
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 0.57%

Capital & Financial Ratios $m

Size
Market Cap 8,030.00
Revenue ttm 17,812.00
Net income ttm 1,021.00
Free cash flow ttm 659.00
Net debt Q 2,510.00
Valuation
P/E 7.97
Forward P/E 14.20
Price / sales 0.45
Forward P/S Powerpack
Price / FCF 12.22
Price / book 0.32
Financial health
Current ratio Q 1.52 (at or above 1.5: strong)
Debt / equity Q 0.19 (at or below 0.5: strong)
Interest coverage Q 35.57
Growth
Revenue growth Q −1.19% (below 0%: shrinking)
Operating income growth Q −9.91% (below 0%: shrinking)
EPS, this year +15.09% (at or above 15%: strong)
EPS, next year A +23.24% (at or above 15%: strong)
Revenue, next year A −55.09% (below 0%: weak)
EPS, past 5 yrs +11.95%
EPS, next 5 yrs A +18.09% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 0.5×; over the ten years it ranged from 0.2× in 2020 to 0.7× in 2026.
P/E against its own 10 years 60.85%
10-year low 10-year high
P/S against its own 10 years 59.65%
10-year low 10-year high
P/B against its own 10 years 70.44%
10-year low 10-year high
EV/Sales against its own 10 years 76.64%
10-year low 10-year high
EV/FCF against its own 10 years 85.58%
10-year low 10-year high

Dividends raised every year since 2019

Yield
5.98%
Annual rate
0.72
Payout ratio
47.7%
Growth, 2019–25
+17.9%/yr
  1. 0.26 ’19
  2. 0.52 ’20 +100
  3. 0.54 ’21 +4
  4. 0.58 ’22 +7
  5. 0.62 ’23 +7
  6. 0.66 ’24 +6
  7. 0.70 ’25 +6
  8. 0.46 ’26e −34
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,742 3,169 4,530 2,365
Receivables 5,488 5,676 6,371 8,696
Inventory 6,899 5,432 5,667 4,443
Other 1,131 820 767 853
16,260 15,097 17,335 16,357
2023 2024 2025 Q'26
Payables 4,280 4,039 4,398 3,958
ST’ Debt 198 750 894 3,193
Other — — — —
10,409 10,386 12,125 10,789

Compound Annual Growth %

10y 5y 3y
Sales — 4.12% (0.10%)
Cash Flow — 10.54% 57.49%
Earnings — 9.94% (1.56%)
Book Value — (0.55%) (1.53%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.24 Actual 2.30

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.49 −0.23 Beat by 0.26
Q4 FY25 0.21 0.22 Beat by 0.01
Q1 FY26 1.18 1.50 Beat by 0.32
Q2 FY26 2.24 2.30 Beat by 0.06
Q3 FY26 0.00 — Reports 11 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.07 1.73 — — —
’25 0.95 1.92 (0.47) (0.82) 1.60
’24 0.60 1.51 (0.76) (0.06) 1.30
’23 0.83 1.00 (0.45) (0.36) 1.03
’22 0.78 1.33 (0.46) (0.08) 1.58
’21 0.80 1.31 0.04 0.22 2.37
’20 0.36 1.01 (0.52) 0.05 0.91
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4,905 6,379 — — —
’25 4,417 6,456 2,618 3,910 17,401
’24 4,492 6,112 2,326 3,978 16,908
’23 4,884 6,045 2,590 3,707 17,226
’22 4,601 6,252 2,777 3,825 17,455
’21 4,178 5,627 2,371 3,479 15,655
’20 3,956 5,191 1,863 3,207 14,217
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,891) (466) — — —
’25 (2,109) 947 193 4,375 3,406
’24 (2,609) 451 130 4,173 2,145
’23 (3,311) 812 (105) 4,373 1,769
’22 (2,730) 1,109 (525) 3,018 872
’21 (1,950) 1,307 (176) 3,546 2,727
’20 (1,930) 1,061 (368) 3,301 2,064
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,972) (587) — — —
’25 (2,195) 846 37 4,181 2,869
’24 (2,752) 352 (42) 3,995 1,553
’23 (3,441) 726 (259) 4,205 1,231
’22 (2,904) 977 (633) 2,900 340
’21 (2,067) 1,181 (293) 3,408 2,229
’20 (2,047) 994 (463) 3,188 1,672
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 2.8% a year for ten years.

Implied
2.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 23,221 10,684 14,287 13,846 14,217 15,655 17,455 17,226 16,908 17,401 17,812 (3.2%) 7,814 8,056 8,310 (21.8%)
Gross margin, % 40.11 40.81 30.37 38.07 40.16 41.11 40.21 42.41 43.64 47.29 49.54 +7.2 pt
EBT 2,723 (498) (6,806) (316) 675 2,346 1,426 1,093 1,275 1,688 1,583 (5.2%)
EBT margin, % 11.73 (4.66) (47.64) (2.28) 4.75 14.99 8.17 6.35 7.54 9.70 8.89 (2.0) pt
Net income 2,070 2,953 (5,027) (941) 701 1,769 1,158 747 919 1,105 1,021 (6.7%)
Per share, $
Per share, $ Revenue 31.00 14.26 19.06 18.47 18.99 21.27 24.22 24.30 24.37 25.59 26.64 (2.1%)
Earnings 3.34 3.94 (6.71) (1.28) 0.91 2.39 1.59 1.04 1.31 1.60 1.51 (7.9%)
Cash flow 4.48 (0.37) 0.64 1.43 2.76 3.71 1.21 2.50 3.09 5.01 1.81 +1.2%
Capex 0.00 1.95 (1.91) (1.22) (0.52) (0.68) (0.74) (0.76) (0.85) (0.79) (0.83) n/m
Free cash flow 4.48 1.59 (1.27) 0.21 2.23 3.03 0.47 1.74 2.24 4.22 0.99 (0.7%)
Book value 0.00 0.00 100.28 32.76 33.48 34.82 35.43 35.65 34.64 35.86 37.99 n/m
Shares, m 749 749 749 750 749 736 721 709 694 680 675 (1.1%)
Valuation, ×
Valuation, × P/E 120.83 120.83 120.83 0.00 8.00 3.69 6.94 8.77 8.21 7.89 7.97 40.6
P/S 0.00 0.00 0.00 0.30 0.38 0.41 0.45 0.37 0.43 0.49 0.45 0.3
P/B 0.05 0.05 0.05 0.17 0.22 0.25 0.31 0.25 0.31 0.35 0.32 0.2
EV/Sales 0.00 0.00 0.00 0.18 0.19 0.19 0.34 0.36 0.41 0.38 0.59 0.2
EV/FCF (3.20) (3.20) (3.20) 15.87 1.62 1.36 17.33 5.00 4.43 2.28 16.02 3.8
Cash, $m
Cash, $m Operating cash flow 3,357 (275) 483 1,070 2,064 2,727 872 1,769 2,145 3,406 1,211 +0.2%
Capex (1,019) 1,465 (1,432) (914) (392) (498) (532) (538) (592) (537) (552) (6.9%)
Free cash flow 3,357 1,190 (949) 156 1,672 2,229 340 1,231 1,553 2,869 659 (1.7%)
Balance, $m
Balance, $m Working capital — 10,912 9,662 5,281 6,220 5,988 6,051 5,851 4,711 5,210 5,568 (8.8%)
Net debt — 4,310 5,663 (1,647) (2,690) (3,428) (2,008) (253) (466) (1,950) 2,510 n/m
Shareholders’ equity — — 75,153 24,555 25,063 25,623 25,541 25,279 24,030 24,386 25,403 (14.9%)
Returns, %
Returns, % ROA 0.00 2.63 (9.32) (1.27) 1.60 4.14 2.70 1.72 2.16 2.62 2.42 +2.6 pt
ROIC — (1.87) (5.00) (0.49) 2.01 6.69 4.00 3.31 4.00 5.20 3.94 +7.1 pt
ROE 0.00 3.91 (6.77) (1.92) 2.74 6.94 4.48 2.89 3.68 4.52 3.91 +4.5 pt
People
People Employees — — — — 21,000 21,000 21,000 22,500 22,000 21,500 — +0.5%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.68 0.75 0.83 0.77 0.77 0.81 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Corteva is an agricultural inputs company that sells seeds, seed technologies and crop protection products used by farmers. It was founded on 2018-03-15 and is headquartered in Washington, D.C. Charles V. Magro is its chief executive officer.

The company operates through Seed and Crop Protection. Seed develops and supplies commercial seeds combining plant genetics, known as germplasm, with traits intended to help crops withstand weather, pests, diseases and herbicides. Its brands include Pioneer and Brevant. Corteva also licenses seed traits and germplasm to other businesses and offers digital tools to help farmers select products and make growing decisions.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Seed 9,898 56.88%
Crop Protection 7,503 43.12%
Gross margin 47.29%
Operating margin 10.74%
Pre-tax margin 9.70%

Revenue by segment since 2018

Corteva, Inc. vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTR Nutrien Ltd. $34.4B 14.6× 15.1× +3.58% (above 0%: growing) +0.80% (above 0%: growing) −5.72% (below 0%: shrinking) 30.07% 16.44% Compare
CF CF Industries Holdings, Inc. $17.9B 8.3× 8.0× +12.12% (above 0%: growing) +31.51% (above 0%: growing) +23.85% (above 0%: growing) 38.71% 37.69% Compare
CTVA Corteva, Inc. $8.0B 8.0× 14.2× −1.19% (below 0%: shrinking) −9.90% (below 0%: shrinking) −169.39% (below 0%: shrinking) 57.39% 26.21%
MOS The Mosaic Company $7.1B — (loss-making) — (loss-making) −10.18% (below 0%: shrinking) n/m +102.12% (above 0%: growing) 2.71% (3.12%) Compare
ICL ICL Group Ltd. $6.0B 19.5× 20.4× +16.54% (above 0%: growing) +57.14% (above 0%: growing) +38.81% (above 0%: growing) 31.10% 12.46% Compare
SMG The Scotts Miracle-Gro Company $3.9B 37.2× 23.4× −39.12% (below 0%: shrinking) n/m +24.47% (above 0%: growing) (0.69%) (47.21%) Compare
UAN CVR Partners, LP $1.2B 10.8× — −10.64% (below 0%: shrinking) n/m +5.14% (above 0%: growing) 21.70% (2.49%) Compare
FMC FMC Corporation $944.2M — (loss-making) — (loss-making) −80.47% (below 0%: shrinking) n/m +90.90% (above 0%: growing) (379.23%) (1,050.24%) Compare
IPI Intrepid Potash, Inc $422.1M 16.9× — (loss-making) −4.11% (below 0%: shrinking) −54.76% (below 0%: shrinking) −85.77% (below 0%: shrinking) 19.68% 0.41% Compare
Median of peers $4.9B 15.8× 17.8× −7.14% +16.16% +24.16% 20.69% (1.04%)

All 15 Agricultural Inputs stocks →

From the latest earnings call

Updated

  • CEO Chuck Magro said demand for seed technology and licensing supported the first half, while competitive crop protection pricing remained a pressure in parts of the market.
  • CFO David Johnson said Corteva raised its full-year outlook and expected a seasonal third-quarter operating EBITDA loss, with second-half earnings delivered in the fourth quarter.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 86.25%
Held by the ten largest 50.62%
Holder Shares Stake Change
Vanguard 80.57m 12.08% −466.10k
BlackRock 53.85m 8.07% −864.90k
Capital Group 43.84m 6.57% +6.98m
Fidelity (FMR) 41.07m 6.16% +6.10m
State Street 38.26m 5.73% +2.12m
Franklin Templeton 23.90m 3.58% +538.37k
Geode Capital Management 18.90m 2.83% +176.58k
HARRIS ASSOCIATES L P 15.78m 2.37% −250.32k
Northern Trust 12.07m 1.81% −409.46k
Invesco 9.53m 1.43% −1.34m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 19 March 2026

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 12.00%
BlackRock, Inc. 8.00%
State Street Corporation 5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Corteva, Inc. (CTVA) Latest News

29 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Trefis

17 Oct

Impact 3 · · Barchart

12 Oct

Impact 3 · · MT Newswires

10 Oct

Impact 4 · · Simply Wall St.

9 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

7 Oct

Impact 4 · · Insider Monkey
Impact 4 · · MT Newswires

6 Oct

Impact 4 · · The Motley Fool
Impact 4 · · TIKR
Impact 4 · · Barchart
Impact 3 · · The Motley Fool

5 Oct

Impact 4 · · Proactive Investors

2 Oct

Impact 4 · · 24/7 Wall St.

1 Oct

Impact 4 · · Stocktwits
Impact 4 · · InvestorsHub
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 3 · · MT Newswires

30 Sep

Impact 4 · · Barchart
Impact 4 · · PR Newswire

28 Sep

Impact 4 · · Insider Monkey
Impact 3 · · MT Newswires
Impact 3 · · PR Newswire

24 Sep

Impact 4 · · PR Newswire

21 Sep

Impact 3 · · PR Newswire

19 Sep

Impact 4 ·

17 Sep

Impact 3 ·

CTVA metrics, ten years each

stockrow.com/CTVA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com