CTVA Corteva, Inc.

Overview and Growth

Corteva, Inc. generated $17.40B of revenue in fiscal 2025, with net income of $1.09B and an operating cash inflow of $3.41B. At $17.40B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 2.9% from $16.91B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.60, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $1.30 in fiscal 2024, the current result was 23.1% higher. At period end, total assets were $42.84B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.41x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $8.23B as gross profit before recognizing operating expenses and other items. Gross margin was 47.3%, so that share of each revenue unit remained after the cost of revenue reported for the period. Net income came to $1.09B, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 6.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $1.69B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 9.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $484.00M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 28.7%, without assuming a statutory-rate comparison. Net income equaled 4.5% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 2.6%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $42.84B asset base was financed through $18.46B of liabilities and $24.39B of equity. At period end, current assets of $17.34B compared with current liabilities of $12.12B, defining the company’s short-term resource position. The current ratio was 1.43x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $4.52B in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 37.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Relative to total assets, liabilities measured 43.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 10.6% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 4.9% higher than fiscal 2024 assets of $40.83B, measuring the company’s own balance-sheet change. Book equity was 1.5% higher than fiscal 2024 equity of $24.03B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $3.41B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 3.11x, showing the relationship between accrual earnings and operating cash. Capital spending was $591.00M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 17.4% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $2.81B, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 16.2%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 6.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.