Corteva Inc (CTVA)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,096,000 | 941,000 | 1,892,000 | 1,317,000 | 1,055,000 |
| Revenue | US$ in thousands | 16,908,000 | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 |
| Operating profit margin | 12.40% | 5.46% | 10.84% | 8.41% | 7.42% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,096,000K ÷ $16,908,000K
= 12.40%
The operating profit margin of Corteva Inc has shown fluctuations over the past five years. In December 2020, the operating profit margin was 7.42%, indicating that the company was generating a profit of $0.0742 for every dollar of sales.
By December 2021, the operating profit margin improved to 8.41%, suggesting a more efficient cost management or increased revenue generation. The trend continued into December 2022, with the operating profit margin further increasing to 10.84%, signaling improved profitability for the company.
However, in December 2023, there was a significant drop in the operating profit margin to 5.46%, indicating a decline in profitability, possibly due to higher operating expenses or lower revenue compared to the previous years.
The most recent data point in December 2024 shows a notable rebound in the operating profit margin to 12.40%, reflecting a strong performance and improved profitability for Corteva Inc. Overall, while there have been fluctuations in the operating profit margin, the company has managed to achieve a healthy margin in recent years, demonstrating its ability to effectively manage costs and generate profits from its operations.
Peer comparison
Dec 31, 2024