Corteva Financial Statements From 2010 to 2024

CTVA Stock  USD 54.77  0.41  0.74%   
Corteva financial statements provide useful quarterly and yearly information to potential Corteva investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Corteva financial statements helps investors assess Corteva's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Corteva's valuation are summarized below:
Gross Profit
B
Profit Margin
0.0427
Market Capitalization
38.6 B
Enterprise Value Revenue
2.1664
Revenue
17.2 B
We have found one hundred twenty available fundamental signals for Corteva, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to validate all of Corteva prevailing market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road.

Corteva Total Revenue

16.63 Billion

Check Corteva financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Corteva main balance sheet or income statement drivers, such as Tax Provision of 86.1 M, Interest Income of 147.4 M or Depreciation And Amortization of 1.2 B, as well as many exotic indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.0123 or PTB Ratio of 0.98. Corteva financial statements analysis is a perfect complement when working with Corteva Valuation or Volatility modules.
  
This module can also supplement Corteva's financial leverage analysis and stock options assessment as well as various Corteva Technical models . Check out the analysis of Corteva Correlation against competitors.
For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.

Corteva Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding592.7 M711.9 M734.4 M
Slightly volatile
Short and Long Term Debt Total1.5 B2.5 B1.8 B
Slightly volatile
Property Plant And Equipment Net3.5 B4.3 B4.4 B
Slightly volatile
Current Deferred Revenue2.8 B3.4 B1.3 B
Slightly volatile
Non Current Assets Total22 B26.7 B28 B
Slightly volatile
Non Currrent Assets Other1.5 B1.5 B1.8 B
Slightly volatile
Cash And Short Term Investments3.4 B2.7 B2.6 B
Slightly volatile
Net Receivables5.8 B5.5 B5.4 B
Very volatile
Long Term Debt Total1.5 B1.2 B3.9 B
Slightly volatile
Liabilities And Stockholders Equity46.9 B43 B43.1 B
Slightly volatile
Non Current Liabilities Total6.5 B7.3 B8.5 B
Slightly volatile
Net Invested Capital28.7 B27.5 B26 B
Slightly volatile
Property Plant And Equipment Gross5.7 BB4.9 B
Slightly volatile
Capital Stock5.6 M6.3 M6.9 M
Slightly volatile
Non Current Liabilities Other1.9 B1.7 BB
Pretty Stable
Net Working Capital6.1 B5.9 B4.7 B
Slightly volatile
Capital Surpluse22.3 B25.1 B27.4 B
Slightly volatile
Capital Lease Obligations950 K1000 K6.5 M
Slightly volatile

Corteva Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Income147.4 M202 M121.7 M
Pretty Stable
Depreciation And Amortization1.2 B1.2 B753.7 M
Slightly volatile
Interest Expense244.7 M233 M108.3 M
Slightly volatile
Selling General Administrative3.4 B3.3 BB
Slightly volatile
Total Revenue16.6 B17.2 B14.8 B
Slightly volatile
Gross Profit18.1 B17.2 B7.4 B
Slightly volatile
Other Operating Expenses4.3 B4.5 B12.3 B
Slightly volatile
Operating Income1.3 B941 M1.1 B
Slightly volatile
EBIT1.3 B941 M1.1 B
Slightly volatile
Research DevelopmentB1.3 B1.4 B
Slightly volatile
EBITDA894 M941 M1.7 B
Slightly volatile
Cost Of Revenue9.9 B10.1 B8.8 B
Slightly volatile
Total Operating Expenses3.9 B4.5 B4.8 B
Pretty Stable
Reconciled Depreciation1.1 B1.2 B832.1 M
Slightly volatile

Corteva Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation1.4 B1.2 B956.9 M
Slightly volatile
Dividends Paid693.5 M439 M903.8 M
Slightly volatile
Capital Expenditures728.4 M595 MB
Slightly volatile
End Period Cash Flow3.5 B3.2 BB
Slightly volatile
Begin Period Cash Flow3.7 B3.6 B6.3 B
Slightly volatile
Other Non Cash Items528.9 M765 MB
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.491.97231.7088
Slightly volatile
Dividend Yield0.01230.01290.083
Slightly volatile
PTB Ratio0.981.3571.0508
Slightly volatile
Days Sales Outstanding139116134
Slightly volatile
Book Value Per Share26.9335.313132.0269
Pretty Stable
Invested Capital0.10.09940.0756
Slightly volatile
Operating Cash Flow Per Share1.632.49511.2684
Slightly volatile
PB Ratio0.981.3571.0508
Slightly volatile
EV To Sales1.491.96331.6522
Slightly volatile
ROIC0.03940.02940.0516
Slightly volatile
Inventory Turnover1.81.43791.6403
Pretty Stable
Days Of Inventory On Hand179254222
Pretty Stable
Payables Turnover2.52.31782.2751
Slightly volatile
Sales General And Administrative To Revenue0.230.210.2077
Very volatile
Research And Ddevelopement To Revenue0.09630.07760.096
Slightly volatile
Cash Per Share3.323.86743.4008
Slightly volatile
POCF Ratio29.3919.205936.6395
Slightly volatile
Interest Coverage3.844.038615.3731
Pretty Stable
Days Payables Outstanding129157159
Slightly volatile
EV To Operating Cash Flow28.2319.118336.0756
Slightly volatile
Intangibles To Total Assets0.540.47050.5075
Slightly volatile
Current Ratio1.261.56211.456
Slightly volatile
Tangible Book Value Per Share4.627.11993.736
Slightly volatile
Receivables Turnover2.333.13882.7298
Slightly volatile
Graham Number40.028.699953.8195
Slightly volatile
Shareholders Equity Per Share26.9335.313132.0269
Pretty Stable
Debt To Equity0.10.09940.0756
Slightly volatile
Revenue Per Share16.4124.296219.5264
Slightly volatile
Interest Debt Per Share4.033.83922.5989
Very volatile
Debt To Assets0.06080.05790.0426
Pretty Stable
Enterprise Value Over EBITDA8.6510.41267.7342
Slightly volatile
Short Term Coverage Ratios8.498.934335.316
Slightly volatile
Operating Cycle280370353
Slightly volatile
Price Book Value Ratio0.981.3571.0508
Slightly volatile
Days Of Payables Outstanding129157159
Slightly volatile
Price To Operating Cash Flows Ratio29.3919.205936.6395
Slightly volatile
Operating Profit Margin0.0630.05460.0715
Slightly volatile
Company Equity Multiplier1.91.71731.7875
Slightly volatile
Long Term Debt To Capitalization0.0880.08380.0251
Slightly volatile
Total Debt To Capitalization0.09490.09040.07
Pretty Stable
Return On Capital Employed0.0350.02890.0407
Pretty Stable
Debt Equity Ratio0.10.09940.0756
Slightly volatile
Ebit Per Revenue0.0630.05460.0715
Slightly volatile
Quick Ratio0.970.79070.8184
Slightly volatile
Cash Ratio0.250.2540.254
Slightly volatile
Cash Conversion Cycle208213197
Pretty Stable
Operating Cash Flow Sales Ratio0.07780.10270.0621
Slightly volatile
Days Of Inventory Outstanding179254222
Pretty Stable
Days Of Sales Outstanding139116134
Slightly volatile
Cash Flow Coverage Ratios0.680.71071.1493
Pretty Stable
Price To Book Ratio0.981.3571.0508
Slightly volatile
Fixed Asset Turnover2.824.01823.2802
Slightly volatile
Price Cash Flow Ratio29.3919.205936.6395
Slightly volatile
Enterprise Value Multiple8.6510.41267.7342
Slightly volatile
Debt Ratio0.06080.05790.0426
Pretty Stable
Cash Flow To Debt Ratio0.680.71071.1493
Pretty Stable
Price Sales Ratio1.491.97231.7088
Slightly volatile
Asset Turnover0.290.40060.3419
Slightly volatile
Gross Profit Margin0.320.42410.398
Slightly volatile
Price Fair Value0.981.3571.0508
Slightly volatile

Corteva Fundamental Market Drivers

Forward Price Earnings19.1205
Cash And Short Term Investments2.7 B

Corteva Upcoming Events

31st of January 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Corteva Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Corteva income statement, its balance sheet, and the statement of cash flows. Corteva investors use historical funamental indicators, such as Corteva's revenue or net income, to determine how well the company is positioned to perform in the future. Although Corteva investors may use each financial statement separately, they are all related. The changes in Corteva's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Corteva's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Corteva Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Corteva. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue3.4 B2.8 B
Total Revenue17.2 B16.6 B
Cost Of Revenue10.1 B9.9 B
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.21  0.23 
Research And Ddevelopement To Revenue 0.08  0.1 
Capex To Revenue(0.03)(0.04)
Revenue Per Share 24.30  16.41 
Ebit Per Revenue 0.05  0.06 

Pair Trading with Corteva

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Corteva position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Corteva will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Corteva could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corteva when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Corteva - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Corteva to buy it.
The correlation of Corteva is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Corteva moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corteva moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Corteva can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Corteva offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corteva's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Corteva Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corteva Stock:
Check out the analysis of Corteva Correlation against competitors.
For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Is Corteva's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corteva. If investors know Corteva will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corteva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Dividend Share
0.63
Earnings Share
1.3
Revenue Per Share
24.296
Quarterly Revenue Growth
(0.03)
The market value of Corteva is measured differently than its book value, which is the value of Corteva that is recorded on the company's balance sheet. Investors also form their own opinion of Corteva's value that differs from its market value or its book value, called intrinsic value, which is Corteva's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corteva's market value can be influenced by many factors that don't directly affect Corteva's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corteva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corteva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corteva's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.