Corteva Inc (CTVA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,379,000 | 17,226,000 | 7,019,000 | 6,435,000 | 5,710,000 |
| Revenue | US$ in thousands | 16,908,000 | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 |
| Gross profit margin | 43.64% | 100.00% | 40.21% | 41.11% | 40.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,379,000K ÷ $16,908,000K
= 43.64%
Analyzing the gross profit margin of Corteva Inc over the years reveals some interesting trends. In 2020, the gross profit margin stood at 40.16%, indicating that for every dollar of revenue generated, the company retained approximately $0.40 after accounting for the cost of goods sold.
The margin showed a slight improvement in 2021, reaching 41.11%, suggesting that the company was able to efficiently manage its production costs and maintain a higher proportion of revenue as gross profit.
In 2022, the margin dipped slightly to 40.21%, but this was still relatively stable compared to the previous year.
The data for 2023 shows an unusually high gross profit margin of 100.00%, which may indicate a one-time event or accounting adjustment that significantly impacted the calculation of this ratio. Further analysis would be required to understand the reasons behind this outlier.
In 2024, the gross profit margin increased to 43.64%, reflecting a positive trend in the company's ability to generate higher gross profit relative to its revenue. Overall, the fluctuation in the gross profit margin of Corteva Inc over the years showcases the dynamic nature of the company's operations and its effectiveness in managing production costs and pricing strategies.
Peer comparison
Dec 31, 2024