CTVA

MKT CAP:$53B

Corteva, Inc.

Market Cap

$53B

Basic Materials·Agricultural Inputs·🇺🇸 United States·NYSE

Materials·Agricultural·🇺🇸·NYSE

Stock Price

$79.60+$11.84 (+17.47%)

Apr 24, 2026

Company Details

Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait techn...

CEO

Charles Victor Magro

IPO Date

May 24, 2019

Website

www.corteva.com

Key Metrics TTM

Revenue

$17.2B

-5.5% YoY

Net Income

$572M

EPS (Diluted)

$0.76

Free Cash Flow

$1.0B

Revenue / Share

$25.60

Gross Margin

43.9%

Operating Margin

13.0%

Net Margin

3.3%

FCF Margin

5.8%

P/S

3.1x

P/E

93.4x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 12, 2026

$17.4BEPS $1.60

Q4 2025

Feb 12, 2026

$3.9BEPS -$0.82

Q3 2024

Nov 7, 2024

$2.3BEPS -$0.76

Q2 2024

Aug 1, 2024

$6.1BEPS $1.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 17	$4.8B	$2.2B	$995M
Q2 17	$4.8B	$2.2B	$995M
Q3 17	$1.9B	$536M	-$579M
Q4 17	$2.8B	$913M	-$190M
Q1 18	$6.7B	$1.9B	$243M
Q2 20	$5.2B	$2.4B	$948M
Q3 20	$1.9B	$566M	-$477M
Q4 20	$3.2B	$1.1B	-$115M
Q1 21	$4.2B	$1.8B	$561M
Q1 22	$4.6B	$1.9B	$695M
Q2 22	$6.3B	$2.9B	$1.4B
Q1 23	$4.9B	$2.1B	$880M
Q2 24	$6.1B	$3.2B	$1.6B
Q3 24	$2.3B	$761M	-$465M
Q4 25	$3.9B	$1.5B	$224M

Valuation

Quarter	P/S	P/E
Q1 17	—	—
Q2 17	—	—
Q3 17	—	—
Q4 17	1.3x	7.3x
Q1 18	1.2x	10.8x
Q2 20	1.2x	10.4x
Q3 20	1.3x	9.3x
Q4 20	1.7x	152.2x
Q1 21	2.5x	35.2x
Q1 22	3.1x	52.8x
Q2 22	2.2x	18.0x
Q1 23	2.2x	15.9x
Q2 24	1.7x	11.5x
Q3 24	2.1x	19.3x
Q4 25	2.7x	80.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 17	$0	$0
Q2 17	$0	$0
Q3 17	$0	$0
Q4 17	$0	$0
Q1 18	-$2.0B	-$2.3B
Q2 20	$1.1B	$987M
Q3 20	-$368M	-$467M
Q4 20	$3.3B	$3.1B
Q1 21	-$1.9B	-$2.1B
Q1 22	-$2.7B	-$2.9B
Q2 22	$1.1B	$970M
Q1 23	-$3.3B	-$3.5B
Q2 24	$451M	$337M
Q3 24	$130M	-$24M
Q4 25	$4.4B	$4.2B

Capital Expenditures

Quarter	CapEx
Q1 17	$0
Q2 17	$0
Q3 17	$0
Q4 17	$0
Q1 18	$355M
Q2 20	$74M
Q3 20	$99M
Q4 20	$174M
Q1 21	$137M
Q1 22	$179M
Q2 22	$139M
Q1 23	$151M
Q2 24	$114M
Q3 24	$154M
Q4 25	$222M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+40.4%	+70.9%
Q2 20	+8.8%	+12.3%
Q3 20	-0.3%	-4.4%
Q4 20	+13.4%	+10.1%
Q1 21	-37.6%	-44.0%
Q1 22	-11.4%	-7.9%
Q2 22	+235.6%	+105.8%
Q1 23	+52.3%	+20.5%
Q2 24	+46.3%	+24.5%
Q3 24	-49.4%	-28.5%
Q4 25	-37.5%	-23.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 17	$0	0.0%
Q2 17	$0	0.0%
Q3 17	$22M	1.2%
Q4 17	-$22M	-0.8%
Q1 18	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q1 23	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 17	$370M	—	$831M
Q2 17	$370M	—	$831M
Q3 17	$387M	—	$668M
Q4 17	$383M	—	$643M
Q1 18	$382M	$959M	—
Q2 20	$273M	$965M	—
Q3 20	$284M	$597M	—
Q4 20	$305M	—	$724M
Q1 21	$281M	$733M	—
Q1 22	$268M	$735M	—
Q2 22	$296M	—	$1.0B
Q1 23	$316M	$757M	—
Q2 24	$357M	$1.1B	—
Q3 24	$348M	$708M	—
Q4 25	$413M	—	$860M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.0B	$290M	$2.3B
Q2 22	$2.4B	$254M	$2.7B
Q3 22	$2.2B	$119M	$2.3B
Q4 22	$3.2B	$124M	$3.3B
Q1 23	$1.6B	$85M	$1.7B
Q2 23	$2.6B	$53M	$2.6B
Q3 23	$2.3B	$108M	$2.4B
Q4 23	$2.6B	$98M	$2.7B
Q1 24	$1.5B	$153M	$1.7B
Q2 24	$1.8B	$120M	$2.0B
Q3 24	$2.4B	$72M	$2.5B
Q4 24	$3.1B	$63M	$3.2B
Q1 25	$2.0B	$1M	$2.0B
Q2 25	$2.1B	$76M	$2.1B
Q3 25	$2.5B	$77M	$2.6B
Q4 25	$4.5B	$9M	$4.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 17	749M	—	—
Q2 17	749M	-0.0%	—
Q3 17	749M	-0.0%	—
Q4 17	747M	-0.2%	—
Q1 18	749M	+0.3%	+0.0%
Q2 20	752M	+0.3%	+0.4%
Q3 20	750M	-0.3%	+0.1%
Q4 20	750M	+0.0%	+0.3%
Q1 21	750M	-0.0%	+0.0%
Q1 22	731M	-2.5%	-2.8%
Q2 22	727M	-0.6%	-3.0%
Q1 23	716M	-1.4%	-4.5%
Q2 24	698M	-2.5%	-6.9%
Q3 24	691M	-1.0%	-5.4%
Q4 25	673M	-2.6%	-7.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 17	—	—
Q2 17	—	—
Q3 17	—	—
Q4 17	—	—
Q1 18	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	$152.7K	21K
Q1 21	$199.0K	21K
Q1 22	$219.1K	21K
Q2 22	$297.7K	21K
Q1 23	$232.6K	21K
Q2 24	$271.6K	23K
Q3 24	$103.4K	23K
Q4 25	$144.8K	27K

Revenue / Employee