Corteva Inc (CTVA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,275,000 | 864,000 | 1,053,000 | 799,000 | 1,093,000 | 1,213,000 | 1,261,000 | 1,504,000 | 1,426,000 | 1,874,000 | 2,278,000 | 2,253,000 | 2,346,000 | 2,031,000 | 1,516,000 | 1,058,000 | 675,000 | 558,000 | 434,000 | 343,000 |
| 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 |
| Pretax margin | 7.54% | 5.19% | 6.23% | 4.75% | 6.35% | 6.99% | 7.19% | 8.48% | 8.17% | 10.95% | 13.64% | 14.01% | 14.99% | 13.20% | 10.19% | 7.33% | 4.75% | 3.99% | 3.09% | 2.38% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,275,000K ÷ $16,908,000K
= 7.54%
The pretax margin of Corteva Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The pretax margin started at a modest 2.38% in March 2020, gradually increasing to 14.99% by December 2021. This upward trend continued into the first half of 2022, reaching a peak of 14.01% in March 2022.
However, from June 2022 onwards, the pretax margin started to decline, dropping to 6.35% by December 2023. This downward trend continued into June 2024, where the pretax margin was recorded at 6.23%.
In the most recent data point, as of December 31, 2024, the pretax margin showed some improvement, reaching 7.54%. It is important for investors and stakeholders to closely monitor Corteva's operational efficiency and cost management strategies, as reflected in the pretax margin, to assess the company's overall performance and financial health.
Peer comparison
Dec 31, 2024