Corteva Inc (CTVA)
Net profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 735,000 | 933,000 | 923,000 | 1,178,000 | 1,147,000 | 1,361,000 | 1,722,000 | 1,723,000 | 1,759,000 | 1,641,000 | 1,219,000 | 1,009,000 | 681,000 | 619,000 | 517,000 | -851,000 | -959,000 |
| Revenue (ttm) | US$ in thousands | 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 | 13,846,000 |
| Net profit margin | 4.27% | 5.38% | 5.26% | 6.64% | 6.57% | 7.95% | 10.31% | 10.72% | 11.24% | 10.67% | 8.19% | 6.99% | 4.79% | 4.42% | 3.68% | -5.91% | -6.93% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $735,000K ÷ $17,226,000K
= 4.27%
The net profit margin of Corteva Inc has shown some fluctuations over the past eight quarters. The net profit margin measures the company's profitability after all expenses have been deducted, relative to its revenue.
In Q1 2023, the net profit margin was 6.64%, representing a decrease from the previous quarter at 5.26% in Q2 2023. However, it rebounded slightly in Q3 2023 to 5.38% before further decreasing to 4.27% in Q4 2023.
Comparing the latest figures to the same quarters in the previous year, there is a downward trend in profitability as seen by the net profit margin declining from 10.72% in Q1 2022 to 4.27% in Q4 2023. This indicates a potential challenge in maintaining profitability over time.
Overall, the net profit margin for Corteva Inc has shown some volatility, reflecting fluctuations in expenses and revenues impacting the company's bottom line. Further analysis of the company's financial performance and cost management strategies may be necessary to understand the drivers behind these changes in profitability.
Peer comparison
Dec 31, 2023