Corteva, Inc. (VIE:CTVA)

Corteva Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	17,401	16,908	17,226	17,455	15,655
Revenue Growth (YoY)	2.92%	-1.85%	-1.31%	11.50%	10.12%
Cost of Revenue	9,172	9,529	9,908	10,436	9,220
Gross Profit	8,229	7,379	7,318	7,019	6,435
Selling, General & Admin	3,492	3,340	3,295	3,010	1,891
Research & Development	1,474	1,402	1,337	1,216	1,187
Amortization of Goodwill & Intangibles	644	685	683	702	722
Operating Expenses	5,610	5,427	5,315	4,928	3,800
Operating Income	2,619	1,952	2,003	2,091	2,635
Interest Expense	-180	-233	-233	-79	-30
Interest & Investment Income	-	132	283	124	77
Earnings From Equity Investments	-	15	10	20	14
Currency Exchange Gain (Loss)	-	-284	-397	-229	-54
Other Non Operating Income (Expenses)	-570	65	-64	-73	-74
EBT Excluding Unusual Items	1,869	1,647	1,602	1,854	2,568
Merger & Restructuring Charges	-181	-288	-330	-368	-289
Gain (Loss) on Sale of Investments	-	-	-	-	40
Gain (Loss) on Sale of Assets	-	17	22	18	21
Other Unusual Items	-	-101	-201	-78	6
Pretax Income	1,688	1,275	1,093	1,426	2,346
Income Tax Expense	484	412	152	210	524
Earnings From Continuing Operations	1,204	863	941	1,216	1,822
Earnings From Discontinued Operations	-99	56	-194	-58	-53
Net Income to Company	1,105	919	747	1,158	1,769
Minority Interest in Earnings	-11	-12	-12	-11	-10
Net Income	1,094	907	735	1,147	1,759
Net Income to Common	1,094	907	735	1,147	1,759
Net Income Growth	20.62%	23.40%	-35.92%	-34.79%	158.30%
Shares Outstanding (Basic)	680	694	709	721	736
Shares Outstanding (Diluted)	681	696	712	725	742
Shares Change (YoY)	-2.10%	-2.23%	-1.74%	-2.31%	-1.28%
EPS (Basic)	1.61	1.31	1.04	1.59	2.39
EPS (Diluted)	1.60	1.30	1.03	1.58	2.37
EPS Growth	23.40%	26.57%	-34.97%	-33.29%	161.20%
Free Cash Flow	2,815	1,548	1,174	267	2,154
Free Cash Flow Per Share	4.13	2.22	1.65	0.37	2.90
Dividend Per Share	-	0.670	0.630	0.590	0.550
Dividend Growth	-	6.35%	6.78%	7.27%	5.77%
Gross Margin	47.29%	43.64%	42.48%	40.21%	41.11%
Operating Margin	15.05%	11.54%	11.63%	11.98%	16.83%
Profit Margin	6.29%	5.36%	4.27%	6.57%	11.24%
Free Cash Flow Margin	16.18%	9.16%	6.82%	1.53%	13.76%
EBITDA	3,822	3,179	3,214	3,314	3,878
EBITDA Margin	21.96%	18.80%	18.66%	18.99%	24.77%
D&A For EBITDA	1,203	1,227	1,211	1,223	1,243
EBIT	2,619	1,952	2,003	2,091	2,635
EBIT Margin	15.05%	11.54%	11.63%	11.98%	16.83%
Effective Tax Rate	28.67%	32.31%	13.91%	14.73%	22.34%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.