Corteva Inc (CTVA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,275,000 | 1,093,000 | 1,426,000 | 2,346,000 | 675,000 |
| Revenue | US$ in thousands | 16,908,000 | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 |
| Pretax margin | 7.54% | 6.35% | 8.17% | 14.99% | 4.75% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,275,000K ÷ $16,908,000K
= 7.54%
The pretax margin for Corteva Inc has displayed some fluctuations over the years, ranging from 4.75% in December 2020 to 14.99% in December 2021, and then to 8.17% in December 2022. This significant increase in 2021 indicates a strong performance in generating profits before taxes relative to total revenue. However, there was a noticeable decrease in the pretax margin to 6.35% in December 2023, followed by a slight recovery to 7.54% in December 2024.
Overall, while the pretax margin has shown variability, potentially influenced by operational efficiencies, changes in revenue, or cost management strategies, it is essential for Corteva Inc to continue monitoring and improving this ratio to ensure sustainable profitability and financial health in the long run.
Peer comparison
Dec 31, 2024