Corteva Inc (CTVA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,166,000 | 1,963,000 | 2,167,000 | 1,446,000 | 1,529,000 | 1,301,000 | 1,390,000 | 1,996,000 | 1,868,000 | 2,229,000 | 2,119,000 | 1,779,000 | 1,628,000 | 1,256,000 | 1,115,000 | 917,000 | 843,000 | 775,000 | 779,000 | 1,021,000 |
| 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 |
| Operating profit margin | 12.81% | 11.80% | 12.82% | 8.59% | 8.88% | 7.50% | 7.93% | 11.25% | 10.70% | 13.03% | 12.69% | 11.06% | 10.40% | 8.16% | 7.50% | 6.35% | 5.93% | 5.54% | 5.55% | 7.09% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,166,000K ÷ $16,908,000K
= 12.81%
The operating profit margin of Corteva Inc has shown fluctuations over the past few years. Starting at 7.09% as of March 31, 2020, the margin decreased to 5.55% by June 30, 2020, and remained relatively stable around 5-6% until March 31, 2021. Subsequently, there was a gradual increase to 12.69% by June 30, 2022, marking a significant improvement in profitability. However, the margin slightly decreased to 10.70% by December 31, 2022, before rising again to 12.82% by June 30, 2024. Overall, the operating profit margin has displayed variability but generally trended upwards, reflecting the company's ability to increase operating efficiency and generate higher profits relative to revenue.
Peer comparison
Dec 31, 2024