Corteva Inc (CTVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,966,000 | -1,936,000 | -2,617,000 | -3,040,000 | -3,420,000 |
| Revenue | US$ in thousands | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 | 13,846,000 |
| Operating profit margin | -11.41% | -11.09% | -16.72% | -21.38% | -24.70% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-1,966,000K ÷ $17,226,000K
= -11.41%
Corteva Inc's operating profit margin has shown a consistent positive trend over the past five years, indicating improving operational efficiency and profitability. The company's operating profit margin increased from 4.15% in 2019 to 12.25% in 2023, reflecting a strong upward trajectory. This growth suggests that Corteva has been able to effectively control its operating expenses while generating higher revenues, resulting in healthier margins. The company's ability to steadily expand its operating profit margin over the years is a positive indicator of its operational performance and financial health.
Peer comparison
Dec 31, 2023