financial statements

The full income statement, balance sheet, and cash-flow statement for Corteva Inc. Common Stock (CTVA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	17.4B YoY+2.9%	16.9B YoY-1.8%	17.2B YoY-1.3%	17.5B YoY+11.5%	15.7B YoY+10.1%
Cost of revenue	9.17B YoY-3.7%	9.53B YoY-3.9%	9.92B YoY-4.9%	10.4B YoY+13.2%	9.22B YoY+8.4%
Research & development	1.47B YoY+5.1%	1.40B YoY+4.9%	1.34B YoY+10.0%	1.22B YoY+2.4%	1.19B YoY+3.9%
Selling, general & administrative	3.49B YoY+9.3%	3.20B YoY+0.6%	3.18B YoY+0.1%	3.17B YoY-1.1%	3.21B YoY+5.5%
Restructuring	146M YoY-49.3%	288M YoY-14.3%	336M YoY-7.4%	363M	—
Amortization of intangibles	644M YoY-6.0%	685M YoY+0.3%	683M YoY-2.7%	702M YoY-2.8%	722M YoY+5.9%
Provision for credit losses	104M YoY+166.7%	39.0M YoY+254.5%	11.0M YoY-15.4%	13.0M YoY+1200.0%	1.00M YoY-99.4%
Interest & investment income	136M YoY+3.0%	132M YoY-53.4%	283M YoY+128.2%	124M YoY+61.0%	77.0M YoY+37.5%
Other non-operating income	-570M YoY-90.0%	-300M YoY+33.0%	-448M YoY-646.7%	-60.0M YoY-104.5%	1.35B YoY+535.8%
Equity-method income	13.0M YoY-13.3%	15.0M YoY+50.0%	10.0M YoY-50.0%	20.0M YoY+42.9%	14.0M
Pre-tax income	1.69B YoY+32.4%	1.27B YoY+16.7%	1.09B YoY-23.4%	1.43B YoY-39.2%	2.35B YoY+247.6%
Income tax	484M YoY+17.5%	412M YoY+171.1%	152M YoY-27.6%	210M YoY-59.9%	524M YoY+746.9%
	1.09B YoY+20.6%	907M YoY+23.4%	735M YoY-35.9%	1.15B YoY-34.8%	1.76B YoY+158.3%
Discontinued operations	-99.0M YoY-276.8%	56.0M YoY+128.9%	-194M YoY-234.5%	-58.0M YoY-9.4%	-53.0M YoY+3.6%
Net income to non-controlling interest	11.0M YoY-8.3%	12.0M YoY+0.0%	12.0M YoY+9.1%	11.0M YoY+10.0%	10.0M YoY-50.0%
Net income to common	1.09B YoY+20.6%	907M YoY+23.4%	735M YoY-35.9%	1.15B YoY-34.8%	1.76B YoY+193296703196.7%
	$1.60 YoY+23.1%	$1.30 YoY+26.2%	$1.03 YoY-34.8%	$1.58 YoY-33.3%	$2.37 YoY+160.4%
EPS (basic)	$1.60 YoY+22.1%	$1.31 YoY+26.0%	$1.04 YoY-34.6%	$1.59 YoY-33.5%	$2.39 YoY+162.6%
Weighted-avg shares (basic)	680M YoY-2.0%	694M YoY-2.2%	709M YoY-1.6%	721M YoY-2.1%	736M YoY-1.7%
Weighted-avg shares (diluted)	681M YoY-2.1%	696M YoY-2.2%	712M YoY-1.7%	725M YoY-2.3%	742M YoY-1.3%
Dividends per share	$0.70 YoY+6.1%	$0.66 YoY+6.5%	$0.62 YoY+6.9%	$0.58 YoY+11.5%	$0.52 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	17.3B YoY+14.8%	15.1B YoY-7.2%	16.3B YoY-3.2%	16.8B YoY+8.0%	15.5B YoY+5.3%
Cash & equivalents	4.52B YoY+45.6%	3.11B YoY+17.5%	2.64B YoY-17.1%	3.19B YoY-28.4%	4.46B YoY+26.5%
Short-term investments	9.00M YoY-85.7%	63.0M YoY-35.7%	98.0M YoY-21.0%	124M YoY+44.2%	86.0M YoY-68.0%
Accounts receivable	4.88B YoY+9.7%	4.45B YoY+5.7%	4.21B YoY+1.0%	4.17B YoY+21.1%	3.44B YoY-8.3%
Inventory	5.67B YoY+4.3%	5.43B YoY-21.3%	6.90B YoY+1.3%	6.81B YoY+31.5%	5.18B YoY+6.1%
Other current assets	767M YoY-6.5%	820M YoY-27.5%	1.13B YoY+16.8%	968M YoY-4.2%	1.01B YoY-13.3%
	42.8B YoY+4.9%	40.8B YoY-5.0%	43.0B YoY+0.9%	42.6B YoY+0.6%	42.3B YoY-0.7%
Property, plant & equipment	4.22B YoY+3.0%	4.10B YoY-4.4%	4.29B YoY+0.8%	4.25B YoY-1.7%	4.33B YoY-1.5%
Operating lease right-of-use	411M YoY-0.7%	414M YoY+0.5%	412M YoY-10.4%	460M YoY+0.4%	458M YoY-12.1%
Goodwill	10.5B YoY+0.5%	10.4B YoY-1.9%	10.6B YoY+6.5%	9.96B YoY-1.4%	10.1B YoY-1.6%
Intangible assets	8.30B YoY-6.5%	8.88B YoY-7.8%	9.63B YoY+3.1%	9.34B YoY-7.0%	10.0B YoY-6.5%
Deferred tax assets	320M YoY-20.2%	401M YoY-31.3%	584M YoY+21.9%	479M YoY+9.4%	438M YoY-5.6%
Other non-current assets	2.04B YoY+12.9%	1.81B YoY+19.2%	1.52B YoY-10.0%	1.69B YoY-6.5%	1.80B YoY-7.0%
	12.1B YoY+16.7%	10.4B YoY-0.2%	10.4B YoY-3.1%	10.7B YoY+12.4%	9.56B YoY+11.8%
Accounts payable	4.40B YoY+8.9%	4.04B YoY-5.6%	4.28B YoY-12.6%	4.89B YoY+18.6%	4.13B YoY+14.1%
Accrued liabilities	3.10B YoY+47.4%	2.10B YoY-10.5%	2.35B YoY+4.3%	2.25B YoY+9.0%	2.07B YoY-3.6%
Deferred revenue	3.58B YoY+8.9%	3.29B YoY-3.5%	3.41B YoY+0.5%	3.39B YoY+5.8%	3.20B YoY+20.2%
Short-term & current debt	782M YoY+56.4%	500M YoY+155.1%	196M	0.00 YoY-100.0%	1.00M YoY+0.0%
Current lease liability	122M YoY-9.0%	134M YoY+2.3%	131M YoY+10.1%	119M YoY-1.7%	121M YoY-12.3%
Deferred revenue (non-current)	125M YoY+9.6%	114M YoY+5.6%	108M	—	—
Non-current lease liability	293M YoY-14.3%	342M YoY-3.7%	355M YoY+7.3%	331M YoY-2.1%	338M YoY-13.6%
Deferred tax liabilities	251M YoY-47.5%	478M YoY-46.8%	899M YoY-19.7%	1.12B YoY-8.3%	1.22B YoY+36.6%
Other non-current liabilities	1.96B YoY+15.0%	1.71B YoY+3.4%	1.65B YoY-1.5%	1.68B YoY-2.5%	1.72B YoY-7.9%
Total non-current liabilities	6.33B YoY-1.2%	6.41B YoY-12.3%	7.31B YoY+15.4%	6.33B YoY-11.6%	7.16B YoY-20.7%
	24.1B YoY+1.5%	23.8B YoY-5.0%	25.0B YoY-1.0%	25.3B YoY-0.3%	25.4B YoY+2.3%
Common stock	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+0.0%
Additional paid-in capital	27.0B YoY-0.7%	27.2B YoY-2.0%	27.7B YoY-0.4%	27.9B YoY+0.4%	27.8B YoY+0.2%
Retained earnings	-67.0M YoY-221.8%	55.0M YoY+234.1%	-41.0M YoY-116.4%	250M YoY-52.3%	524M
Accumulated other comprehensive income	-2.80B YoY+19.4%	-3.47B YoY-29.6%	-2.68B YoY+4.6%	-2.81B YoY+3.2%	-2.90B YoY-0.3%
Non-controlling interest	242M YoY+0.4%	241M YoY-0.4%	242M YoY+1.3%	239M YoY+0.0%	239M YoY+0.0%
Total equity incl. non-controlling	24.4B YoY+1.5%	24.0B YoY-4.9%	25.3B YoY-1.0%	25.5B YoY-0.3%	25.6B YoY+2.2%
Total liabilities & equity	42.8B YoY+4.9%	40.8B YoY-5.0%	43.0B YoY+0.9%	42.6B YoY+0.6%	42.3B YoY-0.7%
Common shares issued	672M YoY-2.0%	686M YoY-2.2%	701M YoY-1.7%	713M YoY-4.7%	749M YoY+0.0%
Common shares outstanding	672M YoY-2.0%	686M YoY-2.2%	701M YoY-1.7%	713M YoY-1.8%	727M YoY-2.3%
Shares outstanding (cover)	676M YoY-1.7%	687M YoY-2.5%	705M YoY-1.4%	714M YoY-2.0%	729M YoY-2.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.41B YoY+58.8%	2.15B YoY+21.3%	1.77B YoY+102.9%	872M YoY-68.0%	2.73B YoY+32.1%
Depreciation & amortization	1.20B YoY-2.0%	1.23B YoY+1.3%	1.21B YoY-1.0%	1.22B YoY-1.6%	1.24B YoY+5.6%
Change in inventory	35.0M YoY+103.2%	-1.11B YoY-1847.4%	-57.0M YoY-103.3%	1.72B YoY+306.4%	422M YoY+505.8%
Change in payables	231M YoY+300.9%	-115M YoY+82.7%	-663M YoY-182.2%	807M YoY+53.4%	526M YoY+545.8%
	-543M YoY+7.8%	-589M YoY+70.4%	-1.99B YoY-214.4%	-632M YoY-74.6%	-362M YoY+46.3%
Capital expenditure	591M YoY-1.0%	597M YoY+0.3%	595M YoY-1.7%	605M YoY+5.6%	573M YoY+20.6%
Acquisitions	0.00	0.00 YoY-100.0%	1.46B	0.00	0.00
Other investing activities	38.0M YoY-2.6%	39.0M YoY+1850.0%	2.00M YoY-33.3%	3.00M YoY+200.0%	1.00M YoY-85.7%
	-1.64B YoY-37.1%	-1.20B YoY-1111.1%	-99.0M YoY+91.6%	-1.18B YoY+6.8%	-1.27B YoY-517.8%
Long-term debt issued	1.73B YoY-43.7%	3.07B YoY-10.4%	3.43B YoY+152.5%	1.36B YoY+224.1%	419M YoY-82.8%
Long-term debt repaid	1.87B YoY-35.1%	2.88B YoY+24.9%	2.31B YoY+102.5%	1.14B YoY+170.8%	421M YoY-70.8%
Net short-term debt	0.00 YoY-100.0%	53.0M YoY+983.3%	-6.00M YoY+53.8%	-13.0M YoY-200.0%	13.0M
Common stock repurchased	1.07B YoY+6.1%	1.01B YoY+33.5%	756M YoY-24.4%	1.00B YoY+5.3%	950M YoY+245.5%
Dividends paid	475M YoY+3.7%	458M YoY+4.3%	439M YoY+5.0%	418M YoY+5.3%	397M YoY+202.3%
Other financing activities	-45.0M YoY-40.6%	-32.0M YoY+34.7%	-49.0M YoY+10.9%	-55.0M YoY-83.3%	-30.0M YoY-7.1%
FX effect on cash	84.0M YoY+190.3%	-93.0M YoY+35.0%	-143M YoY+48.6%	-278M YoY-104.4%	-136M YoY-2042.9%
Net change in cash	1.30B YoY+393.6%	264M YoY+157.4%	-460M YoY+62.2%	-1.22B YoY-226.5%	963M YoY-43.4%
Interest paid	191M YoY-21.7%	244M YoY+4.3%	234M YoY+212.0%	75.0M YoY+150.0%	30.0M YoY-16.7%
Income taxes paid	750M YoY+6.1%	707M YoY+32.1%	535M YoY+14.6%	467M YoY+37.0%	341M YoY+48.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	45.3B YoY+15.7%	39.1B YoY+15.9%	33.8B YoY-19.6%	42.0B YoY+21.9%	34.5B YoY+19.5%
P/E	41.4× YoY-4.1%	43.2× YoY+18.4%	36.5× YoY+17.5%	31.0× YoY+58.4%	19.6× YoY-53.7%
P/S	2.6× YoY+12.4%	2.3× YoY+18.1%	2.0× YoY-20.6%	2.5× YoY+12.1%	2.2× YoY+8.5%
P/B	1.9× YoY+14.0%	1.6× YoY+22.1%	1.3× YoY-20.7%	1.7× YoY+25.2%	1.4× YoY+16.8%
P/FCF	16.1× YoY-36.4%	25.3×	—	54.2× YoY+238.5%	16.0× YoY-11.9%
Earnings yield	2.4% YoY+4.3%	2.3% YoY-15.5%	2.7% YoY-14.9%	3.2% YoY-36.9%	5.1% YoY+116.2%
FCF yield	6.2% YoY+57.2%	4.0%	—	1.8% YoY-70.5%	6.3% YoY+13.5%
Dividend yield	1.0% YoY-9.9%	1.2% YoY-10.4%	1.3% YoY+31.1%	1.0% YoY-10.3%	1.1% YoY-18.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CTVA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CTVA filings on SEC EDGAR → Not investment advice.

CTVA▼ financial statements

About this data

financial statements