Corteva (CTVA) financial statements
Corteva reported revenue of $17.4B in fiscal 2025, up 2.9% a year over 7 years.
Net income was $1.1B.
Free cash flow was $2.8B, and the company returned $475M in dividends and $1.1B in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Corteva's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.3B | $13.8B | $14.2B | $15.7B | $17.5B | $17.2B | $16.9B | $17.4B |
| Cost of revenue | $9.9B | $8.6B | $8.5B | $9.2B | $10.4B | $9.9B | $9.5B | $9.2B |
| Gross profit | $4.3B | $5.3B | $5.7B | $6.4B | $7.0B | $7.3B | $7.4B | $8.2B |
| Research and development | $1.4B | $1.1B | $1.1B | $1.2B | $1.2B | $1.3B | $1.4B | $1.5B |
| Selling, general and admin | $3.0B | $3.1B | $3.0B | $3.2B | $3.2B | $3.2B | $3.2B | $3.5B |
| Interest expense | $337M | $136M | $45M | $30M | $79M | $233M | $233M | $180M |
| Pre-tax income | -$6.8B | -$316M | $675M | $2.3B | $1.4B | $1.1B | $1.3B | $1.7B |
| Income tax | -$31M | -$46M | -$81M | $524M | $210M | $152M | $412M | $484M |
| Net income | -$5.1B | -$959M | $681M | $1.8B | $1.1B | $735M | $907M | $1.1B |
| EPS (diluted) | -$6.76 | -$1.28 | $0.91 | $2.37 | $1.58 | $1.03 | $1.30 | $1.60 |
| Diluted shares | 749M | 750M | 751M | 742M | 724M | 712M | 696M | 681M |
| Gross margin | 30.4% | 38.1% | 40.2% | 41.1% | 40.2% | 42.4% | 43.6% | 47.3% |
| Net margin | -35.5% | -6.9% | 4.8% | 11.2% | 6.6% | 4.3% | 5.4% | 6.3% |
Balance sheet
Fiscal years, from Corteva's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.3B | $1.8B | $3.8B | $4.5B | $3.3B | $2.7B | $3.2B | $4.5B |
| Receivables | $5.3B | $5.5B | $4.9B | $4.8B | $5.7B | $5.5B | $5.7B | $6.4B |
| Inventory | $5.3B | $5.0B | $4.9B | $5.2B | $6.8B | $6.9B | $5.4B | $5.7B |
| Total current assets | $23.0B | $13.5B | $14.8B | $15.5B | $16.8B | $16.3B | $15.1B | $17.3B |
| Property, plant and equipment | $4.5B | $4.5B | $4.4B | $4.3B | $4.3B | $4.3B | $4.1B | $4.2B |
| Goodwill | $10.2B | $10.2B | $10.3B | $10.1B | $10.0B | $10.6B | $10.4B | $10.5B |
| Total assets | $108.7B | $42.4B | $42.6B | $42.3B | $42.6B | $43.0B | $40.8B | $42.8B |
| Total current liabilities | $13.3B | $8.2B | $8.5B | $9.6B | $10.7B | $10.4B | $10.4B | $12.1B |
| Long-term debt | $5.8B | $115M | $1.1B | $1.1B | $1.3B | $2.3B | $2.0B | $1.7B |
| Total liabilities | $33.5B | $17.8B | $17.6B | $16.7B | $17.1B | $17.7B | $16.8B | $18.5B |
| Shareholders' equity | $74.7B | $24.3B | $24.8B | $25.4B | $25.3B | $25.0B | $23.8B | $24.1B |
| Net debt | $5.7B | -$1.6B | -$2.4B | -$3.3B | -$1.9B | -$155M | -$403M | -$1.9B |
Cash flow
Fiscal years, from Corteva's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $483M | $1.1B | $2.1B | $2.7B | $872M | $1.8B | $2.1B | $3.4B |
| Capital spending | $1.5B | $1.2B | $475M | $573M | $605M | $595M | $597M | $591M |
| Free cash flow | -$1.0B | -$93M | $1.6B | $2.2B | $267M | $1.2B | $1.5B | $2.8B |
| Dividends paid | $0 | -$194M | -$388M | $397M | $418M | $439M | $458M | $475M |
| Share buybacks (net) | $0 | -$25M | -$275M | -$950M | -$1.0B | -$756M | -$1.0B | -$1.1B |
| Net borrowing | -$4.8B | -$7.7B | $998M | $11M | $205M | $1.1B | $240M | -$141M |
| Free cash flow margin | -7.1% | -0.7% | 11.2% | 13.8% | 1.5% | 6.8% | 9.2% | 16.2% |
| Dividends per share | — | $0.26 | $0.52 | $0.54 | $0.58 | $0.62 | $0.66 | $0.70 |
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Open CTVA in InvestinglyQuestions
What was Corteva's revenue in 2025?
$17.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Corteva generate?
$2.8B in fiscal 2025 (operating cash flow minus capital spending).
From Corteva's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.