Corteva Inc (CTVA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 735,000 | 1,147,000 | 1,759,000 | 681,000 | -959,000 |
| Revenue | US$ in thousands | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 | 13,846,000 |
| Net profit margin | 4.27% | 6.57% | 11.24% | 4.79% | -6.93% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $735,000K ÷ $17,226,000K
= 4.27%
The net profit margin of Corteva Inc has shown fluctuations over the past five years. In 2023, the net profit margin stood at 4.27%, representing a decrease from the previous year's 6.57%. The margin was significantly higher in 2021 at 11.24%, indicating strong profitability during that period. In 2020, the net profit margin was 4.79%, slightly higher than 2019 when the company experienced a negative margin of -6.93%.
Overall, the trend in Corteva Inc's net profit margin has been inconsistent, with periods of both positive and negative margins. Further analysis into the factors affecting profitability in each year could provide insights into the company's performance and financial health.
Peer comparison
Dec 31, 2023