Quality Investor

Corteva, Inc.

Rank #342ValueWatchlistCompare with other stocks

CTVA · NYSE · Basic Materials

Corteva, Inc. (CTVA) — Rank #342 by gross profitability (GP/assets 0.20) · ROE 4.3% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001755672 · all metrics point-in-time as of the filing date.

About

Corteva, Inc. operates as a pure-play agriculture company in the United States, Canada, the Middle East, Africa, Europe, Latin America, and Asia.

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The company provides products that protect against weeds, insects, diseases, nematodes, and other pests, as well as supports crop health via nitrogen management and seed-applied technologies. Its crop protection solutions and digital solutions provide farmers tools to improve productivity and help keep fields free of weeds, insects, and diseases. The company offers herbicides, soybeans, cereals, fruits and vegetables, insecticides, nitrogen stabilizers, pasture, and a range management herbicides and biologicals and other nature-based products.

The company was incorporated in 2018 and is headquartered in Indianapolis, Indiana.

Industry
Agricultural Inputs
Sector
Basic Materials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

21,500

Industry

Agricultural Inputs

Exchange

NYSE

10/10

Flags passed

CTVA passes 10/10 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)

No data Operating margin · SBC and margin — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.20
Return on equity
4.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.64
Current ratio
1.52×
Net cash
-$828.00M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
—

Growth

2/2 pass
Revenue growth
2.9%
Piotroski F-Score
6 / 9
Share dilution
-2.1%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

No warning flags · GP/assets 0.20

Gross profitability (GP / assets)

0.20

Primary signal (Novy-Marx).

Return on equity

4.3%

Gross margin

47.3%

Revenue growth (YoY)

2.9%

RPO growth (YoY)

7.9%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-0.1%

Revenue CAGR (5Y)

4.1%

Earnings CAGR (3Y)

-1.6%

FCF CAGR (3Y)

119.3%

Cash Flow Health

Is the cash real?

No warning flags · FCF 157% above net income

Free cash flow

$2.81B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

157.3%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

—

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $828.00M, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.64

Current ratio

1.52×

Quick ratio

0.76×

Net cash

-$828.00M

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.2 / 5

Good
Payout ratio
43.4%4/5 Strong
FCF coverage
5.93×5/5 Strong
Dividend growth streak
4 yr2/5 Fair
Balance-sheet health
D/E 0.64 · IC N/A2/5 Fair

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend(net buybacks)
-2.1%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency
4 yr2/5 Fair
Net debt trajectory(deleveraging)
2.8%4/5 Strong

Lifecycle Phase History

20202025
Value
Capital Return

Price History

CTVA+96.9% · +14.5% CAGRSPY+82.9% · +12.8% CAGR