Corteva Inc (CTVA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,080,000 | 6,939,000 | 7,122,000 | 7,018,000 | 7,306,000 | 7,280,000 | 7,234,000 | 7,255,000 | 7,019,000 | 6,951,000 | 6,866,000 | 6,554,000 | 6,435,000 | 6,283,000 | 6,036,000 | 5,781,000 | 5,710,000 | 5,630,000 | 5,626,000 | 5,773,000 |
| Revenue (ttm) | US$ in thousands | 16,908,000 | 16,637,000 | 16,901,000 | 16,834,000 | 17,226,000 | 17,344,000 | 17,531,000 | 17,738,000 | 17,455,000 | 17,109,000 | 16,703,000 | 16,078,000 | 15,655,000 | 15,383,000 | 14,875,000 | 14,439,000 | 14,217,000 | 13,993,000 | 14,041,000 | 14,406,000 |
| Gross profit margin | 41.87% | 41.71% | 42.14% | 41.69% | 42.41% | 41.97% | 41.26% | 40.90% | 40.21% | 40.63% | 41.11% | 40.76% | 41.11% | 40.84% | 40.58% | 40.04% | 40.16% | 40.23% | 40.07% | 40.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,080,000K ÷ $16,908,000K
= 41.87%
The gross profit margin of Corteva Inc has shown fluctuations over the periods indicated in the provided data. Starting at 40.07% in March 2020 and remaining relatively stable until September 2020 at 40.23%, there was a slight decrease to 40.16% by the end of December 2020. However, a positive trend emerged from March 2021 onwards, with steady improvements seen in the gross profit margin reaching 41.87% by December 2024. Noteworthy peaks were observed in September 2023 at 41.97% and December 2023 at 42.41%, indicating strong performance during those periods.
Overall, the trend suggests that Corteva Inc has been able to effectively manage its cost of goods sold relative to its revenues over the years, resulting in a generally improving gross profit margin. This indicates efficiency in the company's production processes and pricing strategies, leading to increased profitability over the specified time frame.
Peer comparison
Dec 31, 2024