Corteva Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.40B | $16.91B | $17.23B | $17.46B | $15.66B | $14.22B | $13.85B | $14.29B |
| Seed | — | — | $9.47B | $9.01B | $8.41B | $7.76B | $7.59B | $7.82B |
| Crop Protection | — | — | $7.76B | $8.45B | $7.24B | $6.45B | $6.26B | $6.46B |
| Cost of Revenue | $9.17B | $9.53B | $9.92B | $10.44B | $9.22B | $8.51B | $8.58B | $9.95B |
| Gross Profit | $8.23B | $7.38B | $7.31B | $7.02B | $6.44B | $5.71B | $5.27B | $4.34B |
| Gross Margin | 47.3% | 43.6% | 42.4% | 40.2% | 41.1% | 40.2% | 38.1% | 30.4% |
| Operating Expenses | ||||||||
| Research & Development | $1.47B | $1.40B | $1.34B | $1.22B | $1.19B | $1.14B | $1.15B | $1.36B |
| SG&A Expense | $3.49B | $3.20B | $3.18B | $3.17B | $3.21B | $3.04B | $3.07B | $3.04B |
| Operating Income | $1.69B | $1.28B | $1.09B | $1.43B | $2.35B | $675.0M | $-316.0M | $-6.81B |
| Operating Margin | 9.7% | 7.5% | 6.3% | 8.2% | 15.0% | 4.7% | -2.3% | -47.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.69B | $1.28B | $1.09B | $1.43B | $2.35B | $675.0M | $-316.0M | $-6.81B |
| Income Tax Expense | $484.0M | $412.0M | $152.0M | $210.0M | $524.0M | $-81.0M | $-46.0M | $-31.0M |
| Net Income | $1.09B | $907.0M | $735.0M | $1.15B | $1.76B | $681.0M | $-959.0M | $-5.07B |
| Net Margin | 6.3% | 5.4% | 4.3% | 6.6% | 11.2% | 4.8% | -6.9% | -35.5% |
| EPS (Basic) | $1.60 | $1.31 | $1.04 | $1.59 | $2.39 | $0.91 | $-1.28 | $-6.76 |
| EPS (Diluted) | $1.60 | $1.30 | $1.03 | $1.58 | $2.37 | $0.91 | $-1.28 | $-6.76 |
| Shares Outstanding (Basic) | 680.0M | 693.7M | 709.0M | 720.8M | 735.9M | 748.7M | 749.5M | 749.4M |
| Shares Outstanding (Diluted) | 681.4M | 696.0M | 711.9M | 724.5M | 741.6M | 751.2M | 749.5M | 749.4M |
| Dividends Per Share | $0.70 | $0.66 | $0.62 | $0.58 | $0.52 | $0.52 | $0.26 | — |