Revenue growth contracted by 45.2% in 2026Q1 due to portfolio restructuring, yet the company maintained a resilient 35.8% gross margin, suggesting sustained pricing power in its core segments.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 9.7B | 6.85B | 12.39B | 12.07B | 13.02B | 12.57B | 14.34B | 21.51B | 22.59B | 62.48B | 48.15B | 48.71B | 58.08B | 57.02B | 56.79B | 59.98B | 53.67B | 44.88B | 57.18B | 53.51B | 49.12B | 46.31B | 40.16B | 32.63B | 27.61B | 27.8B | 23.01B | 19.99B | 19.44B | 20.02B | 20.05B |
| Revenue Growth % | -20.41% | -44.7% | 2.64% | -7.29% | 3.59% | -12.36% | -33.35% | -4.79% | -63.84% | 29.78% | -1.15% | -16.13% | 1.86% | 0.41% | -5.33% | 11.76% | 19.61% | -21.52% | 6.85% | 8.93% | 6.08% | 15.3% | 23.07% | 18.19% | -0.7% | 20.85% | 15.1% | 2.81% | -2.88% | -0.17% | -0.73% |
| Cost of Goods Sold | 6.42B | 4.78B | 8.47B | 8.44B | 8.99B | 8.54B | 9.97B | 15.11B | 16.35B | 49.09B | 37.59B | 38.11B | 47.76B | 47.79B | 48.17B | 51.39B | 46.07B | 39.13B | 51.56B | 46.38B | 41.52B | 38.24B | 34.31B | 28.18B | 23.78B | 23.65B | 17.07B | 14.21B | 13.58B | 13.44B | 12.82B |
| COGS % of Revenue | - | 69.75% | 68.42% | 69.9% | 69.08% | 67.94% | 69.56% | 70.22% | 72.35% | 78.56% | 78.08% | 78.25% | 82.24% | 83.81% | 84.83% | 85.66% | 85.83% | 87.2% | 90.17% | 86.66% | 84.52% | 82.59% | 85.44% | 86.35% | 86.13% | 85.06% | 74.2% | 71.07% | 69.86% | 67.15% | 63.92% |
| Gross Profit | 3.28B | 2.07B | 3.91B | 3.63B | 4.03B | 4.03B | 4.36B | 6.41B | 6.25B | 13.39B | 10.56B | 10.6B | 10.32B | 9.23B | 8.62B | 8.6B | 7.61B | 5.74B | 5.62B | 7.14B | 7.6B | 8.06B | 5.85B | 4.46B | 3.83B | 4.15B | 5.94B | 5.78B | 5.86B | 6.58B | 7.24B |
| Gross Margin % | 33.79% | 30.25% | 31.58% | 30.1% | 30.92% | 32.06% | 30.44% | 29.78% | 27.65% | 21.44% | 21.93% | 21.75% | 17.76% | 16.19% | 15.17% | 14.34% | 14.17% | 12.8% | 9.83% | 13.34% | 15.48% | 17.41% | 14.56% | 13.65% | 13.87% | 14.94% | 25.8% | 28.93% | 30.14% | 32.85% | 36.08% |
| Gross Profit Growth % | - | -47.03% | 7.68% | -9.74% | -0.1% | -7.68% | -31.88% | 2.53% | -53.35% | 26.89% | -0.37% | 2.69% | 11.75% | 7.14% | 0.21% | 13.03% | 32.45% | 2.17% | -21.22% | -6.15% | -5.68% | 37.84% | 31.29% | 16.35% | -7.8% | -30.04% | 2.66% | -1.31% | -10.89% | -9.12% | -12.48% |
| Operating Expenses | 1.79B | 1.21B | 2.08B | 1.92B | 2B | 2.16B | 2.33B | 3.62B | 4.1B | 6.21B | 4.51B | 4.52B | 4.75B | 4.77B | 4.55B | 4.43B | 4.27B | 3.92B | 3.28B | 3.17B | 2.83B | 2.62B | 2.46B | 4.46B | 3.83B | 4.15B | 5.94B | 5.78B | 5.86B | 6.58B | 7.24B |
| OpEx % of Revenue | - | 17.7% | 16.82% | 15.88% | 15.39% | 17.18% | 16.22% | 16.82% | 18.14% | 9.93% | 9.37% | 9.28% | 8.18% | 8.36% | 8.01% | 7.39% | 7.95% | 8.73% | 5.73% | 5.92% | 5.75% | 5.65% | 6.12% | 13.65% | 13.87% | 14.94% | 25.8% | 28.93% | 30.14% | 32.85% | 36.08% |
| Selling, General & Admin | 1.31B | 1.02B | 1.55B | 1.41B | 1.47B | 1.6B | 1.7B | 2.66B | 3.03B | 4.06B | 2.92B | 2.92B | 3.11B | 3.02B | 2.84B | 2.79B | 2.61B | 2.43B | 1.97B | 1.86B | 1.66B | 1.54B | 1.44B | 1.39B | 1.6B | 1.74B | 1.58B | 1.53B | 1.67B | 1.88B | 2.14B |
| SG&A % of Revenue | - | 14.88% | 12.53% | 11.67% | 11.27% | 12.75% | 11.86% | 12.38% | 13.4% | 6.5% | 6.08% | 6% | 5.35% | 5.3% | 5% | 4.65% | 4.86% | 5.41% | 3.44% | 3.48% | 3.39% | 3.34% | 3.58% | 4.27% | 5.79% | 6.24% | 6.88% | 7.65% | 8.57% | 9.39% | 10.65% |
| Research & Development | 367M | 193M | 531M | 508M | 536M | 557M | 625M | 689M | 1.07B | 657M | 1.59B | 1.6B | 1.65B | 1.75B | 1.71B | 1.65B | 1.66B | 1.49B | 1.31B | 1.3B | 1.16B | 1.07B | 1.02B | 981M | 1.07B | 1.07B | 892M | 845M | 807M | 785M | 761M |
| R&D % of Revenue | - | 2.82% | 4.29% | 4.21% | 4.12% | 4.43% | 4.36% | 3.2% | 4.74% | 1.05% | 3.31% | 3.28% | 2.84% | 3.06% | 3.01% | 2.74% | 3.09% | 3.32% | 2.29% | 2.44% | 2.37% | 2.32% | 2.54% | 3.01% | 3.86% | 3.86% | 3.88% | 4.23% | 4.15% | 3.92% | 3.79% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.08B | 1.17B | 1.35B | 3.46B | 3.41B | 3.39B | 3.91B | 4.34B |
| Operating Income | 1.49B | 860M | 1.83B | 1.72B | 2.02B | 1.87B | 2.04B | 2.79B | 2.15B | 7.19B | 6.05B | 6.08B | 5.56B | 4.46B | 4.07B | 4.17B | 3.34B | 1.82B | 2.35B | 3.97B | 4.78B | 5.44B | 3.39B | 2.02B | 1.1B | 1.17B | 2.15B | 2.11B | 2.08B | 2.61B | 3.01B |
| Operating Margin % | 15.35% | 12.56% | 14.77% | 14.23% | 15.53% | 14.88% | 14.21% | 12.96% | 9.52% | 11.51% | 12.56% | 12.48% | 9.58% | 7.83% | 7.17% | 6.94% | 6.22% | 4.07% | 4.1% | 7.41% | 9.72% | 11.76% | 8.44% | 6.19% | 3.98% | 4.2% | 9.33% | 10.54% | 10.7% | 13.05% | 15.01% |
| Operating Income Growth % | - | -52.98% | 6.52% | -15.08% | 8.13% | -8.24% | -26.9% | 29.67% | -70.09% | 18.89% | -0.49% | 9.22% | 24.61% | 9.73% | -2.3% | 24.74% | 82.96% | -22.21% | -40.86% | -16.96% | -12.25% | 60.54% | 67.95% | 83.55% | -5.82% | -45.6% | 1.95% | 1.2% | -20.36% | -13.16% | -21.44% |
| EBITDA | 2.27B | 1.51B | 3.02B | 2.86B | 3.16B | 2.98B | 3.41B | 4.85B | 4.32B | 11.16B | 8.91B | 8.6B | 8.31B | 7.15B | 6.77B | 7.05B | 6.3B | 4.65B | 4.58B | 6.16B | 6.85B | 7.52B | 5.48B | 3.92B | 2.92B | 2.98B | 3.46B | 3.41B | 3.39B | 3.91B | 4.34B |
| EBITDA Margin % | 23.38% | 22% | 24.41% | 23.73% | 24.25% | 23.73% | 23.79% | 22.56% | 19.12% | 17.86% | 18.5% | 17.65% | 14.31% | 12.53% | 11.92% | 11.75% | 11.74% | 10.37% | 8.01% | 11.51% | 13.95% | 16.25% | 13.64% | 12.02% | 10.59% | 10.73% | 15.05% | 17.04% | 17.42% | 19.53% | 21.63% |
| EBITDA Growth % | -26.74% | -50.15% | 5.55% | -9.28% | 5.87% | -12.58% | -29.73% | 12.36% | -61.28% | 25.24% | 3.62% | 3.45% | 16.3% | 5.6% | -3.99% | 11.86% | 35.45% | 1.53% | -25.58% | -10.13% | -8.93% | 37.31% | 39.7% | 34.09% | -1.94% | -13.84% | 1.61% | 0.62% | -13.4% | -9.87% | -17.72% |
| D&A (Non-Cash Add-back) | 780M | 647M | 1.19B | 1.15B | 1.14B | 1.11B | 1.37B | 2.07B | 2.17B | 3.97B | 2.86B | 2.52B | 2.75B | 2.68B | 2.7B | 2.88B | 2.96B | 2.83B | 2.24B | 2.19B | 2.07B | 2.08B | 2.09B | 1.9B | 1.82B | 1.81B | 1.31B | 1.3B | 1.3B | 1.3B | 1.33B |
| EBIT | 962M | 513M | 1.56B | 900M | 1.94B | 1.97B | -1.57B | 194M | 655M | 2.28B | 5.27B | 10.88B | 6.25B | 7.91B | 2.93B | 4.94B | 4.27B | 2.04B | 1.92B | 4.82B | 5.6B | 7.12B | 4.54B | 2.02B | 1.1B | 1.17B | 2.15B | 2.11B | 2.08B | 2.61B | 3.01B |
| Net Interest Income | -207M | -215M | -293M | -241M | -442M | -513M | -660M | -613M | -16M | 6M | -751M | -875M | -932M | -1.06B | -1.23B | -1.3B | -1.44B | -1.53B | -561M | -464M | -447M | -584M | -661M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 77M | 98M | 73M | 155M | 50M | 12M | 12M | 55M | 39M | 6M | 107M | 71M | 51M | 41M | 41M | 40M | 37M | 39M | 86M | 130M | 185M | 138M | 86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 284M | 313M | 366M | 396M | 492M | 525M | 672M | 667M | 55M | 0 | 858M | 946M | 983M | 1.1B | 1.27B | 1.34B | 1.47B | 1.57B | 648M | 584M | 632M | 722M | 747M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -741M | -660M | -637M | -1.21B | -574M | -426M | -4.28B | -3.26B | -1.55B | -6B | -1.63B | 3.85B | -299M | 2.34B | -2.4B | -564M | -537M | -1.36B | -1.07B | 262M | 195M | 955M | 405M | -268M | -1.72B | -1.78B | 189M | -9M | -86M | 236M | 85M |
| Pretax Income | 748M | 200M | 1.19B | 504M | 1.45B | 1.44B | -2.25B | -474M | 600M | 1.19B | 4.41B | 9.93B | 5.26B | 6.8B | 1.67B | 3.6B | 2.8B | 469M | 1.28B | 4.23B | 4.97B | 6.4B | 3.8B | 1.75B | -622M | -613M | 2.34B | 2.1B | 2B | 2.85B | 3.09B |
| Pretax Margin % | 7.71% | 2.92% | 9.62% | 4.18% | 11.12% | 11.49% | -15.66% | -2.2% | 2.66% | 1.91% | 9.17% | 20.39% | 9.07% | 11.93% | 2.93% | 6% | 5.22% | 1.05% | 2.23% | 7.9% | 10.12% | 13.82% | 9.45% | 5.37% | -2.25% | -2.2% | 10.15% | 10.49% | 10.26% | 14.23% | 15.43% |
| Income Tax | 160M | 102M | 414M | -29M | 387M | 237M | 160M | 140M | 195M | -476M | 9M | 2.15B | 1.43B | 1.99B | 565M | 817M | 481M | -97M | 651M | 1.24B | 1.16B | 1.78B | 877M | -82M | -280M | -228M | 823M | 766M | 685M | 1.04B | 1.19B |
| Effective Tax Rate % | 21.39% | 51% | 34.73% | -5.75% | 26.73% | 16.41% | -7.12% | -29.54% | 32.5% | -39.9% | 0.2% | 21.62% | 27.08% | 29.22% | 33.93% | 22.69% | 17.17% | -20.68% | 50.98% | 29.42% | 23.23% | 27.85% | 23.1% | -4.68% | 45.02% | 37.19% | 35.23% | 36.53% | 34.34% | 36.54% | 38.36% |
| Net Income | -29M | -779M | 703M | 423M | 5.87B | 6.47B | -2.95B | 497M | 3.83B | 1.45B | 4.3B | 7.63B | 3.75B | 4.75B | 1.17B | 2.71B | 2.31B | 648M | 579M | 2.89B | 3.72B | 4.54B | 2.8B | 1.73B | -338M | -385M | 1.51B | 1.33B | 1.31B | 1.81B | 1.91B |
| Net Margin % | -0.3% | -11.37% | 5.68% | 3.51% | 45.08% | 51.46% | -20.58% | 2.31% | 16.94% | 2.32% | 8.92% | 15.67% | 6.45% | 8.33% | 2.06% | 4.52% | 4.3% | 1.44% | 1.01% | 5.39% | 7.58% | 9.79% | 6.96% | 5.3% | -1.22% | -1.38% | 6.58% | 6.66% | 6.74% | 9.03% | 9.51% |
| Net Income Growth % | 60.81% | -210.81% | 66.19% | -92.79% | -9.26% | 319.15% | -693.76% | -87.02% | 164.55% | -66.32% | -43.73% | 103.85% | -21.14% | 306.24% | -56.9% | 17.4% | 256.48% | 11.92% | -79.94% | -22.48% | -17.88% | 62.14% | 61.68% | 611.83% | 12.21% | -125.45% | 13.67% | 1.6% | -27.54% | -5.19% | -7.92% |
| Net Income (Continuing) | 588M | 98M | 778M | 533M | 1.06B | 1.21B | -2.41B | -614M | 405M | 1.67B | 4.4B | 7.78B | 3.84B | 4.82B | 1.1B | 2.78B | 2.32B | 566M | 626M | 2.98B | 3.82B | 4.62B | 2.92B | 1.74B | -405M | -417M | 1.51B | 1.33B | 1.31B | 1.81B | 1.91B |
| Discontinued Operations | -2M | -836M | -40M | -71M | 4.86B | 5.31B | -517M | 1.14B | 3.48B | -77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110M | 28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 198M | 184M | 443M | 446M | 448M | 617M | 566M | 569M | 1.61B | 1.6B | 1.24B | 809M | 931M | 1.03B | 990M | 1.01B | 803M | 569M | 69M | 414M | 365M | 336M | 449M | 376M | 366M | 357M | 410M | 408M | 532M | 676M | 2.09B |
| EPS (Diluted) | -0.21 | -5.58 | 5.04 | 2.82 | 34.83 | 35.64 | -12.03 | 2.01 | 14.85 | 8.19 | 31.68 | 55.35 | 25.83 | 33.12 | 6.30 | 18.45 | 15.48 | 2.88 | 5.58 | 26.91 | 34.38 | 41.58 | 26.37 | 16.83 | -3.33 | -3.87 | 19.98 | 5.91 | 5.76 | 23.10 | 7.59 |
| EPS Growth % | 68.42% | -210.71% | 78.72% | -91.9% | -2.27% | 396.26% | -698.51% | -86.46% | 81.32% | -74.15% | -42.76% | 114.29% | -22.01% | 425.71% | -65.85% | 19.19% | 437.5% | -48.39% | -79.26% | -21.73% | -17.32% | 57.68% | 56.68% | 605.41% | 13.95% | -119.37% | 238.07% | 2.6% | -75.06% | 204.35% | -67.23% |
| EPS (Basic) | - | -5.61 | 5.04 | 2.82 | 34.89 | 35.76 | -12.03 | 2.01 | 14.94 | 8.28 | 32.13 | 58.05 | 26.19 | 33.48 | 6.39 | 18.54 | 15.75 | 2.88 | 5.58 | 27.27 | 34.83 | 42.21 | 26.82 | 16.92 | -3.33 | -3.87 | 20.16 | 6.00 | 5.82 | 23.43 | 7.71 |
| Diluted Shares Outstanding | 137.6M | 139.73M | 140.2M | 150.4M | 166.47M | 181.4M | 245.17M | 248.77M | 257.28M | 177.57M | 124.8M | 137.93M | 131.89M | 143.38M | 130.71M | 128.69M | 127.09M | 117.1M | 104.33M | 107.29M | 108.27M | 108.53M | 105.98M | 102.9M | 101.17M | 100.2M | 99.77M | 73.6M | 73.46M | 78.27M | 80.38M |
| Basic Shares Outstanding | 136.7M | 139.17M | 139.73M | 149.97M | 166.17M | 180.9M | 245.17M | 248.77M | 255.67M | 175.53M | 123.12M | 125.57M | 130.1M | 131.8M | 129.97M | 127.67M | 125.1M | 115.91M | 103.38M | 105.9M | 106.92M | 107.02M | 104.46M | 102.09M | 101.17M | 100.2M | 99.77M | 73.6M | 73.46M | 76.87M | 80.38M |
| Dividend Payout Ratio | - | - | 90.33% | 153.9% | 11.11% | 9.74% | - | 324.14% | 91.2% | 234.55% | 57.31% | 29.51% | 53.94% | 31.14% | 175.36% | 46.39% | 43.9% | 158.95% | 269.95% | 52.37% | 37.7% | 28.38% | 44.76% | 71.04% | - | - | 51.75% | 57.93% | 60% | 41.92% | 39.28% |
PFAS litigation and divestiture noise
As reported in recent financial filings, DuPont's revenue growth plummeted to -45.2% in 2026Q1, a trend primarily reflecting the massive perimeter changes from the Mobility & Materials divestiture rather than an organic collapse in the core semiconductor and water filtration demand segments for the company.
The sharp decline in top-line figures necessitates a shift toward pro-forma analysis to understand the underlying health of the remaining specialty business. Investors should monitor whether the current revenue base has stabilized, as the transition from a diversified conglomerate to a focused specialty materials player obscures historical growth comparisons.
Based on the provided income statement data, DuPont maintained a gross margin of 35.8% in 2026Q1, suggesting that the company's high-spec specialty chemical portfolio retains pricing power despite the significant reduction in total revenue scale following recent corporate restructuring and asset divestiture activities.
The ability to sustain gross margins above 30% indicates that the remaining segments, particularly Electronics & Industrial, possess a degree of technical moat that protects against commoditization. However, the volatility in net margins suggests that non-operating items and restructuring costs continue to exert significant pressure on bottom-line profitability.
According to the quarterly income statements, DuPont's net income has experienced extreme volatility, swinging from a $589 million loss in 2025Q1 to a $161 million profit in 2026Q1, largely driven by one-time charges and accounting adjustments related to the company's ongoing structural transformation.
The erratic nature of reported net income makes it a poor proxy for operational performance, requiring analysts to focus on operating income and cash flow metrics. Investors should remain cautious regarding the impact of legacy environmental liabilities and potential future impairment charges on the quality of reported earnings.
As indicated by the latest financial data, DuPont has successfully reduced its quarterly SG&A expenses to $255 million in 2026Q1, demonstrating a disciplined approach to managing overhead costs as the company aligns its operational footprint with its new, more focused specialty materials business model.
The reduction in SG&A relative to the previous periods suggests that management is actively rightsizing the organization to match the smaller revenue base. Continued monitoring of R&D spending is essential, as any significant cuts to innovation budgets could threaten the company's 'qualified-in' status within critical semiconductor supply chains.
Quick answers to the most common questions about buying DD stock.
For fiscal year 2025, DuPont de Nemours, Inc. (DD) reported total revenue of $6.85B. This represents a 65.8% decline compared to $20.05B in 1996.
DuPont de Nemours, Inc. (DD) reported a net loss of $779.0M for the fiscal year ending 2025.
DuPont de Nemours, Inc. (DD) reported an operating income of $860.0M, resulting in an operating profit margin of 12.6%. This margin reflects the operational efficiency of the business before interest and taxes.
DuPont de Nemours, Inc. (DD) generated $2.07B in gross profit for the year, representing a gross profit margin of 30.3%. This demonstrates the company's core pricing power and production efficiency.