Operating margin at a 6-year high.13% in 2025, the best of the last 6 years.
Corteva kept 13% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Share count shrinking. Shares outstanding down 6.5% from December 2022 to July 2026.
Corteva had 6.5% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Why it changed since the Oct 27, 2026 close: Score 58 → 59
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Corteva
Is Corteva getting weaker?
Its latest SEC filing (Jul 31, 2026) got weaker in some ways: debt up 45%, now more than its cash and investments. Its overall score is unchanged at 62/100 since Oct 28, 2026.
How is Corteva valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 96/100 against 1,371 basic materials peers.EBITDA yield 35.8% vs a peer median of 8.5% (stronger than 95% of peers).EBITDA yield 35.8% vs peers 8.5% (stronger than 95% of peers).
Is Corteva growing?
More slowly than most of its peers. Growth scores 38/100 against 1,371 basic materials peers.Earnings per share growth -26.7% vs a peer median of 9.4% (weaker than 80% of peers).Earnings per share growth -26.7% vs peers 9.4% (weaker than 80% of peers).
How profitable is Corteva?
About as profitable as its peers. Profitability scores 59/100 against 1,371 basic materials peers.Operating margin 14.1% vs a peer median of 7.6% (stronger than 74% of peers).Operating margin 14.1% vs peers 7.6% (stronger than 74% of peers).
How risky is Corteva?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Debt / equity 0.19× vs a peer median of 0.36× (stronger than 64% of peers).Debt / equity 0.19× vs peers 0.36× (stronger than 64% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Debt up 45%, now more than its cash and investments
Previous quarter
Latest quarter
Change
Revenue (12 months)
17.9B USD
17.8B USD
−0.4%
Net income (12 months)
1.2B USD
1.0B USD
−13.2%
Operating margin
13.8%
14.1%
+0.3 pts
Free cash flow (12 months)
2.0B USD
629.0M USD
−69.3%
Debt
3.4B USD
4.9B USD
+45.3%
Cash
2.0B USD
2.4B USD
+20.4%
Shares outstanding
668.8M
667.2M
−0.2%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Corteva looks cheaper than most of its peers on our valuation measures, while the Basic Materials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Basic Materials: too few Agricultural Inputs companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
41.1%
40.2%
42.4%
43.6%
47.3%
▲ 3.6 pts
Operating margin
6.4%
8.5%
8.9%
9.3%
13.0%
▲ 3.7 pts
Net margin
11.2%
6.6%
4.3%
5.4%
6.3%
▲ 0.9 pts
Return on assets (ROA)
4.2%
2.7%
1.7%
2.2%
2.6%
▲ 0.3 pts
Return on equity (ROE)
6.9%
4.5%
2.9%
3.8%
4.5%
▲ 0.7 pts
Free cash flow margin
13.8%
1.5%
6.8%
9.2%
16.2%
▲ 7.0 pts
Current ratio
1.63×
1.56×
1.56×
1.45×
1.43×
▼ 1.6%
Quick ratio
1.08×
0.93×
0.90×
0.93×
0.96×
▲ 3.4%
Debt to equity
0.04×
0.05×
0.10×
0.11×
0.11×
▼ 6.0%
CTVA price history
Price history is added with the daily price update and will appear after the next one.