Corteva, Inc. (CTVA) vs FMC Corporation (FMC)

Corteva, Inc. and FMC Corporation are both Agricultural Inputs companies. Corteva, Inc. is the larger, with a market value of $53.0B against $1.2B — 44.2× the size. FMC Corporation has negative trailing earnings, so its P/E is not meaningful; Corteva, Inc. trades at 52.0×. Corteva, Inc. grew revenue faster over the last twelve months: 3.70% against −21.3%. Corteva, Inc. has the higher net margin (5.66% vs −84.8%) and the higher return on invested capital (3.94% vs −23.0%). Both pay a dividend; FMC Corporation yields more (4.54% vs 1.31%). Across the 21 metrics below, Corteva, Inc. leads on 13 and FMC Corporation on 8.

Valuation

Metric CTVA FMC Agricultural Inputs median
P/E 52.00 n/m 15.82
P/S 2.95 0.37 0.85
P/B 2.07 0.72 0.80
Price to free cash flow 79.66 14.17 13.58
EV/EBITDA 18.34 n/m 6.55
EV/Sales 3.09 1.54 1.07
Earnings yield 1.92% (229.65%) 0.00%
Free cash flow yield 1.26% 7.06% 2.54%

Profitability

Metric CTVA FMC Agricultural Inputs median
Gross margin 49.54% 35.33% 30.83%
Operating margin 9.87% (61.93%) 0.30%
Net margin 5.66% (84.83%) (7.81%)
Free cash flow margin 3.70% 2.61% 1.46%
Return on equity 3.91% (90.59%) (2.64%)
Return on assets 2.42% (25.73%) (5.16%)
Return on invested capital 3.94% (23.03%) 0.00%

Growth

Metric CTVA FMC Agricultural Inputs median
Revenue growth (TTM) 3.70% (21.31%) 8.74%
EPS growth (last fiscal year) 23.08% (757.35%) —
Revenue growth, 5-year CAGR 4.12% (5.67%) 3.77%
Net income growth, 5-year CAGR 9.94% 0.00% 0.00%

Health

Metric CTVA FMC Agricultural Inputs median
Debt to equity 0.19 2.58 0.47
Current ratio 1.52 1.99 1.55
Net debt to EBITDA (0.63) (2.40) 0.16

Dividend

Metric CTVA FMC Agricultural Inputs median
Dividend yield 1.31% 4.54% 4.12%
Payout ratio 0.38 0.40 0.05

Size

Metric CTVA FMC Agricultural Inputs median
Market cap 53.01b 1.20b 269.62m

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