Corteva, Inc. (CTVA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.91B | 3.91B | 2.62B | 6.46B | 4.42B | 3.98B | 2.33B | 6.11B | 4.49B | 3.71B | 2.59B | 6.04B | 4.88B | 3.83B | 2.78B | 6.25B | 4.6B | 3.48B | 2.37B | 5.63B |
| Revenue Growth % | 11.05% | -1.71% | 12.55% | 5.63% | -1.67% | 7.31% | -10.19% | 1.11% | -8.03% | -3.08% | -6.73% | -3.31% | 6.15% | 9.95% | 17.12% | 11.11% | 10.12% | 8.48% | 27.27% | 8.4% |
| Cost of Goods Sold | 0 | 2.41B | 1.64B | 2.93B | 2.34B | 2.5B | 1.56B | 2.92B | 2.55B | 2.37B | 1.65B | 3.14B | 2.77B | 2.51B | 1.88B | 3.32B | 2.72B | 2.23B | 1.56B | 3.01B |
| COGS % of Revenue | - | 61.71% | 62.8% | 45.42% | 53.02% | 62.75% | 67.28% | 47.74% | 56.77% | 63.83% | 63.55% | 51.89% | 56.74% | 65.62% | 67.66% | 53.15% | 59.2% | 64.16% | 65.71% | 53.49% |
| Gross Profit | 0 | 1.5B | 974M | 3.52B | 2.08B | 1.48B | 761M | 3.19B | 1.94B | 1.34B | 944M | 2.91B | 2.11B | 1.31B | 898M | 2.93B | 1.88B | 1.25B | 813M | 2.62B |
| Gross Margin % | - | 38.29% | 37.2% | 54.58% | 46.98% | 37.25% | 32.72% | 52.26% | 43.23% | 36.17% | 36.45% | 48.11% | 43.26% | 34.38% | 32.34% | 46.85% | 40.8% | 35.84% | 34.29% | 46.51% |
| Gross Profit Growth % | -100% | 1.01% | 27.99% | 10.33% | 6.85% | 10.51% | -19.39% | 9.83% | -8.09% | 1.98% | 5.12% | -0.72% | 12.57% | 5.45% | 10.46% | 11.92% | 6.77% | 13.88% | 43.64% | 10.8% |
| Operating Expenses | 1.22B | 1.27B | 1.28B | 1.69B | 1.25B | 1.16B | 1.23B | 1.58B | 1.25B | 1.18B | 1.21B | 1.58B | 1.23B | 1.27B | 1.15B | 1.49B | 1.18B | 1.3B | 1.15B | 1.47B |
| OpEx % of Revenue | 24.83% | 32.56% | 48.97% | 26.21% | 28.25% | 29.03% | 52.71% | 25.93% | 27.72% | 31.72% | 46.68% | 26.1% | 25.25% | 33.2% | 41.3% | 23.86% | 25.69% | 37.4% | 48.46% | 26.14% |
| Selling, General & Admin | 877M | 860M | 725M | 1.16B | 751M | 626M | 708M | 1.05B | 736M | 644M | 700M | 1.07B | 757M | 764M | 657M | 1.02B | 735M | 806M | 672M | 998M |
| SG&A % of Revenue | 17.88% | 21.99% | 27.69% | 17.91% | 17% | 15.74% | 30.44% | 17.24% | 16.38% | 17.37% | 27.03% | 17.78% | 15.5% | 19.97% | 23.66% | 16.27% | 15.97% | 23.17% | 28.34% | 17.74% |
| Research & Development | 341M | 413M | 351M | 375M | 335M | 365M | 348M | 357M | 332M | 357M | 335M | 329M | 316M | 340M | 312M | 296M | 268M | 316M | 297M | 293M |
| R&D % of Revenue | 6.95% | 10.56% | 13.41% | 5.81% | 7.58% | 9.18% | 14.96% | 5.84% | 7.39% | 9.63% | 12.93% | 5.44% | 6.47% | 8.89% | 11.24% | 4.73% | 5.82% | 9.08% | 12.53% | 5.21% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 725M | 224M | -308M | 1.83B | 827M | 327M | -465M | 1.61B | 697M | 165M | -265M | 1.33B | 880M | 45M | -249M | 1.44B | 695M | -54M | -336M | 1.15B |
| Operating Margin % | 14.78% | 5.73% | -11.76% | 28.38% | 18.72% | 8.22% | -19.99% | 26.33% | 15.52% | 4.45% | -10.23% | 22% | 18.02% | 1.18% | -8.97% | 22.98% | 15.11% | -1.55% | -14.17% | 20.37% |
| Operating Income Growth % | -12.33% | -31.5% | 33.76% | 13.86% | 18.65% | 98.18% | -75.47% | 20.98% | -20.8% | 266.67% | -6.43% | -7.45% | 26.62% | 183.33% | 25.89% | 25.39% | 23.89% | 53.04% | 29.56% | 20.89% |
| EBITDA | 725M | 530M | -8M | 2.13B | 1.12B | 629M | -159M | 1.92B | 1B | 477M | 41M | 1.64B | 1.17B | 349M | 61M | 1.74B | 1B | 263M | -27M | 1.46B |
| EBITDA Margin % | 14.78% | 13.55% | -0.31% | 33.04% | 25.42% | 15.81% | -6.84% | 31.43% | 22.35% | 12.87% | 1.58% | 27.06% | 23.89% | 9.12% | 2.2% | 27.82% | 21.78% | 7.56% | -1.14% | 25.93% |
| EBITDA Growth % | -35.44% | -15.74% | 94.97% | 11.04% | 11.85% | 31.87% | -487.8% | 17.42% | -13.97% | 36.68% | -32.79% | -5.92% | 16.47% | 32.7% | 325.93% | 19.19% | 15.84% | 35.57% | 85.94% | 16.91% |
| D&A (Non-Cash Add-back) | 0 | 306M | 300M | 301M | 296M | 302M | 306M | 312M | 307M | 312M | 306M | 306M | 287M | 304M | 310M | 302M | 307M | 317M | 309M | 313M |
| EBIT | 0 | -484M | -324M | 1.86B | 820M | 148M | -567M | 1.4B | 523M | -261M | -386M | 1.17B | 807M | -167M | -378M | 1.34B | 707M | 253M | 16M | 1.31B |
| Net Interest Income | 0 | -2M | -17M | -21M | -4M | -21M | -33M | -41M | -6M | 68M | 1M | -28M | 9M | 13M | 18M | 8M | 6M | 11M | 11M | 11M |
| Interest Income | 0 | 44M | 29M | 31M | 32M | 39M | 33M | 25M | 35M | 130M | 59M | 54M | 40M | 49M | 36M | 24M | 15M | 19M | 19M | 18M |
| Interest Expense | 36M | 46M | 46M | 52M | 36M | 60M | 66M | 66M | 41M | 62M | 58M | 82M | 31M | 36M | 18M | 16M | 9M | 8M | 8M | 7M |
| Other Income/Expense | 133M | -754M | -62M | -28M | -43M | -239M | -168M | -271M | -215M | -488M | -179M | -246M | -104M | -248M | -147M | -110M | 3M | 299M | 344M | 156M |
| Pretax Income | 858M | -530M | -370M | 1.8B | 784M | 88M | -633M | 1.34B | 482M | -323M | -444M | 1.08B | 776M | -203M | -396M | 1.33B | 698M | 245M | 8M | 1.3B |
| Pretax Margin % | 17.49% | -13.55% | -14.13% | 27.94% | 17.75% | 2.21% | -27.21% | 21.89% | 10.73% | -8.71% | -17.14% | 17.93% | 15.89% | -5.31% | -14.26% | 21.23% | 15.17% | 7.04% | 0.34% | 23.14% |
| Income Tax | 133M | 7M | -62M | 422M | 117M | 138M | -114M | 282M | 106M | -92M | -129M | 204M | 169M | -162M | -74M | 325M | 121M | 90M | -28M | 284M |
| Effective Tax Rate % | 15.5% | -1.32% | 16.76% | 23.39% | 14.92% | 156.82% | 18.01% | 21.08% | 21.99% | 28.48% | 29.05% | 18.82% | 21.78% | 79.8% | 18.69% | 24.49% | 17.34% | 36.73% | -350% | 21.81% |
| Net Income | 720M | -552M | -320M | 1.31B | 652M | -41M | -524M | 1.05B | 419M | -253M | -321M | 714M | 595M | -55M | -331M | 969M | 564M | 159M | 30M | 970M |
| Net Margin % | 14.68% | -14.12% | -12.22% | 20.35% | 14.76% | -1.03% | -22.53% | 17.23% | 9.33% | -6.82% | -12.39% | 11.81% | 12.18% | -1.44% | -11.92% | 15.5% | 12.26% | 4.57% | 1.27% | 17.24% |
| Net Income Growth % | 10.43% | -1246.34% | 38.93% | 24.79% | 55.61% | 83.79% | -63.24% | 47.48% | -29.58% | -360% | 3.02% | -26.32% | 5.5% | -134.59% | -1203.33% | -0.1% | -6% | 287.8% | 107.65% | 27.63% |
| Net Income (Continuing) | 720M | -537M | -308M | 1.38B | 667M | -50M | -519M | 1.06B | 376M | -231M | -315M | 880M | 607M | -41M | -322M | 1B | 577M | 155M | 36M | 1.02B |
| Discontinued Operations | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K |
| Minority Interest | 243M | 242M | 242M | 242M | 242M | 241M | 242M | 242M | 241M | 242M | 241M | 241M | 240M | 239M | 240M | 240M | 240M | 239M | 239M | 240M |
| EPS (Diluted) | 1.07 | -0.82 | -0.47 | 1.92 | 0.95 | -0.06 | -0.76 | 1.51 | 0.60 | -0.36 | -0.45 | 1.00 | 0.83 | -0.08 | -0.46 | 1.33 | 0.78 | 0.22 | 0.04 | 1.31 |
| EPS Growth % | 12.63% | -1275.84% | 38.16% | 27.15% | 58.33% | 83.44% | -68.89% | 51% | -27.71% | -350% | 2.17% | -24.81% | 6.41% | -136.36% | -1250% | 1.53% | -2.5% | 340% | 107.69% | 29.7% |
| EPS (Basic) | 1.07 | -0.82 | -0.47 | 1.93 | 0.95 | -0.06 | -0.76 | 1.51 | 0.60 | -0.36 | -0.45 | 1.00 | 0.83 | -0.08 | -0.46 | 1.34 | 0.78 | 0.22 | 0.04 | 1.32 |
| Diluted Shares Outstanding | 673.6M | 673.17M | 678.7M | 683.1M | 686.6M | 687.3M | 691.1M | 698.1M | 702.8M | 704M | 708.4M | 713.7M | 716.2M | 714.7M | 718.7M | 726.7M | 730.9M | 735.1M | 739.5M | 743.3M |
| Basic Shares Outstanding | 672.5M | 673.17M | 678.7M | 681.7M | 684.9M | 687.3M | 691.1M | 695.9M | 700.4M | 704M | 708.4M | 710.8M | 712.9M | 714.7M | 718.7M | 723M | 727M | 729.2M | 733.8M | 737.3M |
| Dividend Payout Ratio | - | - | - | 8.83% | 17.79% | - | - | 10.54% | 26.73% | - | - | 14.85% | 17.98% | - | - | 10.42% | 18.09% | 64.15% | 343.33% | 9.79% |