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Corteva, Inc. key statistics and ratios

In fiscal 2025, Corteva, Inc. had return on equity of 4.6%, a net margin of 6.3%, debt equal to 10.7% of equity and a current ratio of 1.43. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin30.4%38.1%40.2%41.1%40.2%42.4%43.6%47.3%49.5%
Net margin−35.5%−6.9%4.8%11.2%6.6%4.3%5.4%6.3%5.7%
Free-cash-flow margin−7.1%−0.7%11.2%13.8%1.5%6.8%9.2%16.2%3.5%
Return on equity−6.8%−1.9%2.8%7.0%4.5%2.9%3.7%4.6%4.1%
Return on assets−4.7%−1.3%1.6%4.1%2.7%1.7%2.2%2.6%2.4%
Asset turnover0.130.180.330.370.410.400.400.420.42
Current ratio1.731.641.731.631.561.561.451.431.52
Debt to equity10.6%0.5%4.5%4.4%5.2%9.9%11.4%10.7%19.4%
Effective tax rate——−12.0%22.3%14.7%13.9%32.3%28.7%30.7%
R&D as % of revenue9.5%8.3%8.0%7.6%7.0%7.8%8.3%8.5%8.4%
SG&A as % of revenue21.3%22.1%21.4%20.5%18.2%18.4%18.9%20.1%20.4%
Capital spending as % of revenue10.5%8.4%3.3%3.7%3.5%3.5%3.5%3.4%3.3%
Free cash flow ÷ net income——233.3%122.5%23.3%159.7%170.7%257.3%62.3%
Dividends ÷ net income——−57.0%22.6%36.4%59.7%50.5%43.4%48.0%
Dividends and buybacks ÷ free cash flow——−7.1%62.5%531.1%101.8%94.8%54.9%244.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 5 checks passed · June 30, 2026
What it owns · $41.6bn
Short-term assets $16.4bnLonger-term assets $25.3bn
What it owes, and who funded it · $35.9bn
Short-term liabilities $10.8bnShareholders' equity $25.2bn
  • Short-term assets cover short-term liabilities $16.4bn of assets due within a year against $10.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $2.4bn of cash against $4.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 19% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 4% to 19% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $4.9bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Corteva, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

53 /100

Moderate moat

How hard Corteva's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.2% of total assets over 8 years.

  • Pricing power 13 / 20

    Gross margin has been a median 41.2%, moving by 3.8 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Net margin has been a median 5.5%; its worst year was -44.5%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 8 years, at a median 6.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 9.8% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CTVA vs MOSCTVA vs NTRCF vs CTVA

More: Fertilizers & Agricultural Chemicals stocks compared, Materials sector, rankings of US companies

Figures from Corteva, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Corteva, Inc.