Corteva, Inc. (CTVA) Financial Ratios
9 years of historical data (2017–2025) · Basic Materials · Agricultural Inputs
EV/EBITDA
↓
14.23
↑+21% vs avg
5yr avg: 11.73
30Y Low9.4·High13.2
P/FCF
↓
20.01
↓-59% vs avg
5yr avg: 49.29
30Y Low16.0·High159.5
P/B Ratio
↑
2.32
↑+47% vs avg
5yr avg: 1.58
30Y Low0.9·High1.9
ROE
↓
4.5%
↓+0% vs avg
5yr avg: 4.5%
30Y Low-7%·High7%
Debt/EBITDA
↑
0.68
+9% vs avg
5yr avg: 0.62
30Y Low0.1·High28.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CTVA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Corteva, Inc. trades at 52.4x earnings, 38% above its 5-year average of 37.9x, sitting at the 100th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.3x, the stock trades at a premium of 136%. On a free-cash-flow basis, the stock trades at 20.0x P/FCF, 59% below the 5-year average of 49.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $56.3B | $45.1B | $39.6B | $34.1B | $42.6B | $35.1B | $29.1B | $22.2B | — | — |
| Enterprise Value | $54.4B | $43.2B | $39.2B | $34.0B | $40.7B | $31.7B | $26.7B | $20.5B | — | — |
| P/E Ratio → | 52.44 | 41.89 | 43.82 | 46.52 | 37.20 | 19.95 | 42.55 | — | — | — |
| P/S Ratio | 3.24 | 2.59 | 2.34 | 1.98 | 2.44 | 2.24 | 2.05 | 1.60 | — | — |
| P/B Ratio | 2.32 | 1.85 | 1.65 | 1.35 | 1.67 | 1.37 | 1.16 | 0.90 | — | — |
| P/FCF | 20.01 | 16.03 | 25.61 | 29.06 | 159.50 | 16.28 | 18.30 | — | — | — |
| P/OCF | 16.54 | 13.25 | 18.48 | 19.28 | 48.84 | 12.86 | 14.09 | 20.71 | — | — |
P/E links to full P/E history page with 30-year chart
CTVA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Corteva, Inc.'s enterprise value stands at 14.2x EBITDA, 21% above its 5-year average of 11.7x. The Basic Materials sector median is 11.0x, placing the stock at a 30% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.48 | 2.32 | 1.97 | 2.33 | 2.03 | 1.88 | 1.48 | — | — |
| EV / EBITDA | 14.23 | 11.30 | 11.81 | 10.23 | 12.92 | 12.39 | 13.20 | 9.40 | — | — |
| EV / EBIT | 20.77 | 23.12 | 26.02 | 25.61 | 27.04 | 13.35 | 37.04 | — | — | — |
| EV / FCF | — | 15.34 | 25.35 | 28.93 | 152.44 | 14.73 | 16.78 | — | — | — |
CTVA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Corteva, Inc. earns an operating margin of 15.1%, above the Basic Materials sector average of 9.2%. Operating margins have expanded from 12.2% to 15.1% over the past 3 years, signaling improving operational efficiency. ROE of 4.5% is modest. ROIC of 8.5% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.6% | 43.6% | 43.6% | 42.4% | 40.2% | 41.1% | 40.2% | 38.1% | 30.4% | 41.0% |
| Operating Margin | 15.1% | 15.1% | 12.4% | 12.2% | 11.0% | 8.4% | 5.9% | 4.2% | -3.1% | 1.3% |
| Net Profit Margin | 6.3% | 6.3% | 5.4% | 4.3% | 6.6% | 11.2% | 4.8% | -6.9% | -35.5% | 17.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 4.5% | 3.7% | 2.9% | 4.5% | 6.9% | 2.7% | -1.9% | -6.7% | 3.4% |
| ROA | 2.6% | 2.6% | 2.2% | 1.7% | 2.7% | 4.1% | 1.6% | -1.3% | -4.6% | 2.2% |
| ROIC | 8.5% | 8.5% | 6.4% | 6.5% | 6.3% | 4.4% | 2.8% | 0.8% | -0.4% | 0.2% |
| ROCE | 8.6% | 8.6% | 6.7% | 6.5% | 6.0% | 3.9% | 2.5% | 0.9% | -0.5% | 0.2% |
CTVA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Corteva, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (73% below the sector average of 2.5x). The company holds a net cash position — cash of $4.5B exceeds total debt of $2.6B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 10.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.11 | 0.10 | 0.05 | 0.04 | 0.04 | 0.01 | 0.11 | 0.17 |
| Debt / EBITDA | 0.68 | 0.68 | 0.81 | 0.75 | 0.41 | 0.44 | 0.55 | 0.06 | 3.39 | 28.54 |
| Net Debt / Equity | — | -0.08 | -0.02 | -0.01 | -0.07 | -0.13 | -0.10 | -0.07 | 0.08 | 0.07 |
| Net Debt / EBITDA | -0.51 | -0.51 | -0.12 | -0.05 | -0.60 | -1.30 | -1.20 | -0.75 | 2.42 | 11.49 |
| Debt / FCF | — | -0.69 | -0.26 | -0.13 | -7.06 | -1.55 | -1.52 | — | — | — |
| Interest Coverage | 10.38 | 10.38 | 6.47 | 5.69 | 19.05 | 79.20 | 16.00 | -1.32 | -19.20 | -4.05 |
Net cash position: cash ($4.5B) exceeds total debt ($2.6B)
CTVA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.43x means Corteva, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.96x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.56x to 1.43x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.43 | 1.43 | 1.45 | 1.56 | 1.56 | 1.63 | 1.73 | 1.64 | 1.73 | 1.90 |
| Quick Ratio | 0.96 | 0.96 | 0.93 | 0.90 | 0.93 | 1.08 | 1.16 | 1.03 | 1.33 | 1.19 |
| Cash Ratio | 0.37 | 0.37 | 0.31 | 0.26 | 0.31 | 0.48 | 0.44 | 0.21 | 0.17 | 0.72 |
| Asset Turnover | — | 0.41 | 0.41 | 0.40 | 0.41 | 0.37 | 0.33 | 0.33 | 0.13 | 0.13 |
| Inventory Turnover | 1.73 | 1.73 | 1.75 | 1.44 | 1.53 | 1.78 | 1.74 | 1.70 | 1.87 | 0.97 |
| Days Sales Outstanding | — | 133.64 | 122.53 | 116.28 | 119.21 | 112.17 | 126.47 | 145.73 | 134.38 | 134.29 |
CTVA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Corteva, Inc. returns 2.7% to shareholders annually — split between a 0.8% dividend yield and 1.9% buyback yield. A payout ratio of 43.4% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 1.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.1% | 1.2% | 1.3% | 1.0% | 1.1% | 1.3% | 2.3% | — | — |
| Payout Ratio | 43.4% | 43.4% | 50.5% | 59.7% | 36.4% | 22.6% | 57.0% | — | — | 72.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.9% | 2.4% | 2.3% | 2.1% | 2.7% | 5.0% | 2.4% | — | — | — |
| FCF Yield | 5.0% | 6.2% | 3.9% | 3.4% | 0.6% | 6.1% | 5.5% | — | — | — |
| Buyback Yield | 1.9% | 2.4% | 2.5% | 2.2% | 2.3% | 2.7% | 0.9% | 0.1% | — | — |
| Total Shareholder Yield | 2.7% | 3.4% | 3.7% | 3.5% | 3.3% | 3.8% | 2.3% | 2.4% | — | — |
| Shares Outstanding | — | $673M | $696M | $712M | $725M | $742M | $751M | $750M | $749M | $749M |
Peer Comparison
Compare CTVA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CTVAYou | $56B | 52.4 | 14.2 | 20.0 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
 FMC | $2B | -0.8 | — | — | 37.0% | -54.4% | -67.8% | -21.2% | — |
 CF | $20B | 19.0 | 8.1 | 11.4 | 34.6% | 29.4% | 15.3% | 13.9% | 1.2 |
 MOS | $7B | 6.0 | 3.6 | — | 16.5% | 9.9% | 10.3% | 6.1% | 0.4 |
 NTR | $37B | 16.3 | 7.8 | 18.3 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
 AMGN | $178B | 23.2 | 14.1 | 22.0 | 70.8% | 29.1% | 106.1% | 14.8% | 3.4 |
 AVD | $84M | -1.7 | 10.4 | — | 28.6% | 1.3% | -23.4% | 1.3% | 7.6 |
 DD | $20B | -26.5 | 15.0 | 18.7 | 30.3% | 12.6% | -4.1% | 2.8% | 2.1 |
 DOW | $29B | -11.1 | 14.6 | — | 6.0% | 0.7% | -14.8% | 0.6% | 6.3 |
 ICL | $7B | 31.1 | 7.4 | 55.6 | 30.6% | 9.8% | 3.7% | 6.3% | 2.1 |
 ANDE | $3B | 28.3 | 16.1 | — | 6.3% | 0.8% | 6.6% | 3.4% | 4.6 |
| Basic Materials Median | — | 22.3 | 11.0 | 25.6 | 31.3% | 9.2% | 0.0% | 4.5% | 2.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCTVA — Frequently Asked Questions
Quick answers to the most common questions about buying CTVA stock.
What is Corteva, Inc.'s P/E ratio?
Corteva, Inc.'s current P/E ratio is 52.4x. The historical average is 38.7x. This places it at the 100th percentile of its historical range.
What is Corteva, Inc.'s EV/EBITDA?
Corteva, Inc.'s current EV/EBITDA is 14.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is Corteva, Inc.'s ROE?
Corteva, Inc.'s return on equity (ROE) is 4.5%. The historical average is 2.2%.
Is CTVA stock overvalued?
Based on historical data, Corteva, Inc. is trading at a P/E of 52.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Corteva, Inc.'s dividend yield?
Corteva, Inc.'s current dividend yield is 0.84% with a payout ratio of 43.4%.
What are Corteva, Inc.'s profit margins?
Corteva, Inc. has 43.6% gross margin and 15.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Corteva, Inc. have?
Corteva, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.