Corteva, Inc.

corteva.com

What Do They Do?

Develops and supplies commercial seed with advanced traits for farmers, and sells crop-protection products that protect crops from weeds, insects and disease.

How Do They Make Money?

Farmers, distributors and manufacturers buy products, with payment generally due within a year of invoicing. Corteva also earns sales-based royalties from intellectual-property licenses.

revenue

Segment	Share	Revenue	How money arrives
Seed	57% FY2022: 51%
Crop Protection Sold outright	43% FY2022: 49%		Sold outright

Who Are Their Customers?

Farmers buy seed directly through independent representatives, while regional and retail channels reach farmers through dealers, distributors and cooperatives. Product sales also go to manufacturers.

Do Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.

Operating income, FY2025

19% of revenue

▲ +17% vs FY2024 ($2.8B, 16%)

Net income, FY2025

6% of revenue

▲ +21% vs FY2024 ($907M, 5%)

Free cash flow, FY2025

16% of revenue

▲ +82% vs FY2024 ($1.5B, 9%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −1%; vs $6.5B in Q2 FY2025
Net income: ▼ −12%; vs $1.3B in Q2 FY2025

Seed share of revenue vs 70.3% in Q2 FY2025

Jul 30, 2026 Raised full-year financial guidance The company raised full-year guidance, projecting Operating EBITDA of $4.1 billion to $4.3 billion and Operating EPS of $3.60 to $3.80 per share.
Apr 14, 2026 Named a CEO for the future Crop Protection company Luke Kissam is set to become CEO of New Corteva, the future publicly traded crop-protection company, at the spin-off.

Growing. Revenue grew 11% in 4 years, from $15.7B in FY2021 to $17.4B in FY2025, about 3% a year.

Soybean trait portfolio The older report described an ongoing rollout of Enlist soybean traits and planned reductions in other herbicide-tolerance traits; the latest says substantially all branded soybean offerings carry Enlist traits in Corteva germplasm and describes licensing Conkesta technology in Brazil.

Revenue over time

Seed Crop Protection

$20B$10B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with BASF, Bayer, FMC, Syngenta, and ChemChina

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