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Corteva, Inc.CTVA

Sector
Other
Industry
Agricultural Production-Crops
Exchange
NYSE

Stock Price $CTVA

Latest filings

You are here#14 of 15 in Materials by market cap

Filing record · 2019–202610-K710-Q238-K85

CTVA filed 7 annual reports (10-K), 23 quarterly reports (10-Q) and 85 current reports (8-K) between 2019 and 2026.

  1. Leadership change8-K · Jun ’19Jun ’19
  2. Leadership change8-K · Feb ’21Feb ’21
  3. Restructuring8-K · Aug ’22Aug ’22
  4. FY2025 annual report10-K · Feb ’26Feb ’26

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  9. $17.40B
YoY changeLargest recent move+277.0%in FY18Latest +2.9%

1 older move runs past ±150% (largest +277.0%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All CTVA Financial Metrics59 metrics

Income Statement12

Balance Sheet27

Cash Flow15

Per Share5

02—Overview

Corteva, Inc. Financial Overview 2021–2025

Updated Jul 10, 2026

Corteva drove a massive 46% increase in Operating EBITDA over a four-year stretch where top-line revenue grew by just 11%. This stark divergence highlights a successful core strategy of prioritizing aggressive price execution and cost restructuring over sheer volume. This disciplined approach establishes a highly profitable foundation ahead of the agricultural giant's planned split into two independent Seed and Crop Protection businesses in 2026. Anchoring the broader timeline, overall revenue grew from $15.7 billion in FY2021 to $17.4 billiona in FY2025.

Operating profitability metrics accelerated consistently throughout this period. Operating EBITDA climbed from $2.6 billion in FY2021 to $3.8 billionb in FY2025, fueled by sustained price hikes and a sweeping crop protection restructuring program designed to generate $180 million in annual savings by 2027. The company also maintained a strict capital return strategy, distributing $1.5 billion to shareholders through dividends and buybacks during FY2025. Investors heavily rewarded this margin expansion and the upcoming spin-off catalyst. At the close of FY2025, the market valued Corteva at a $45.1 billion market cap, with the stock ending the period at $67.03 and a premium 41.9x earnings multiple.

Recent Developments (Q4 2025 and Q1 2026)

Corteva accelerated growth in Q1 2026, generating $4.9 billionc in net sales for an 11% year-over-year expansion. Operating EBITDA jumped 21% to $1.4 billion, reflecting volume increases across both segments. Management formally named Chuck Magro to lead the standalone Seed business, Vylor, Inc., while Luther Kissam will direct the Crop Protection enterprise. To optimize this separation, the company expanded its restructuring footprint by slating a Spain facility for closure, pushing total expected pre-tax charges up to a range of $750 million to $815 million.

Bulls argue the simultaneous double-digit revenue and earnings growth validates underlying business health ahead of the spin-off. Conversely, bears caution that trading at 51.1x earnings as of the Q1 2026 report demands flawless execution, particularly after operations recently recorded a negative $2.9 billiond in cash flow.

What to watch: finalized restructuring cash outlays; operational transitions for the newly appointed executive teams

03—Filings

Recent SEC Filings

  1. 8-KCorteva, Inc. 8-K Report, Corporate Update (Oct 13, 2026)Corteva, Inc. (CTVA) has disclosed that on October 1, 2026, 15 states and one sovereign filed litigation challenging the company's separation into two independent entities, Corteva and Vylor Inc. This litigation led to a temporary restraining order (TRO) issued by the District Court on October 9, 2026, which temporarily prohibited Corteva and its subsidiary EIDP from disposing of assets outside the ordinary course of business and also restricted both entities from paying dividends or repurchasing shares. However, on October 10, 2026, the District Court granted Corteva's request to stay the TRO pending an emergency motion for a stay of the order pending appeal, filed with the Seventh Circuit Court of Appeals. This stay means the TRO is not currently in effect, and the separation is not impacted. Corteva strongly disputes the claims and is actively defending its position through the ongoing appeal process, emphasizing that it does not intend to pay dividends or repurchase shares while the motion is pending.
  2. 8-KCorteva, Inc. 8-K Report, Rights Modification (Oct 7, 2026)Corteva (CTVA) and its wholly owned subsidiary EIDP, Inc. disclosed in this 8-K, filed October 7, 2026, that Vylor Inc. completed private exchange offers and consent solicitations for three series of EIDP senior notes, with settlement on October 1, 2026. Holders tendered about $1.44 billion of the $1.60 billion principal across the three series, and the company accepted virtually all tendered notes. Accepted notes were retired and canceled, reducing EIDP's outstanding senior notes in these series to about $161 million. The exchanged notes were replaced with new Vylor-issued notes, so the debt obligation moved to a different issuer, but the filing does not say whether Vylor is a Corteva affiliate, what its relationship to EIDP is, or what it does. The filing also reports that, after receiving the required consents by the August 19, 2026 early tender deadline, EIDP entered into a Fourth Supplemental Indenture with U.S. Bank Trust Company dated August 20, 2026. That indenture amended the base indenture and each series' supplemental indenture. The amendments became operative on October 1, 2026, upon settlement. The 8-K is filed under Item 3.03 (Material Modification to Rights of Security Holders) and Item 8.01 (Other Events), but it does not describe the specific changes to covenants, events of default, or other terms. Investors should review the Fourth Supplemental Indenture (Exhibit 4.1, incorporated by reference from the August 20, 2026 filing) to understand what the holders of the remaining notes gave up. For investors, the key takeaways are the high participation rate, the large reduction in EIDP's public senior debt in these series, and the shift of exchanged obligations to Vylor. The remaining holders of roughly $161 million of notes are now subject to the amended indentures. The filing does not discuss financial impact, earnings effects, or the strategic rationale, so these points should be checked against Corteva's other filings and management commentary.
  3. 8-KCorteva, Inc. 8-K Report, Executive Changes (Oct 7, 2026)Corteva, Inc. (CTVA) filed an 8-K on October 7, 2026, primarily detailing significant changes to its Board of Directors and executive officer appointments following its Separation event. Several long-standing directors, including Charles V. Magro, Kerry J. Preete, Marcos M. Lutz, and Karen H. Grimes, have resigned from the Board and its committees. These resignations are stated to be in connection with the Separation and not due to any disagreements with the company's operations. Concurrently, Corteva has appointed Luther ("Luke") Kissam as a new director. Furthermore, the company confirmed previous disclosures regarding key executive appointments effective as of the Separation's Effective Time, including Luke Kissam as Chief Executive Officer, Jeff Rudolph as Chief Financial Officer, Brook Cunningham as Chief Commercial Officer, and Ralph Ford as Chief Integrated Operations Officer. The filing also provides updated committee compositions for the Board of Directors.
  4. 8-KCorteva, Inc. 8-K Report, Material Agreement (Oct 5, 2026)Corteva, Inc. (CTVA) has officially completed the separation of its seed operating segment into a new, independent, publicly traded entity named Vylor Inc. (VYLR). This separation, effective October 1, 2026, was executed through a pro rata distribution of Vylor common stock to Corteva shareholders as of September 24, 2026. Vylor Inc. has begun trading on the New York Stock Exchange under the ticker symbol "VYLR", marking its debut as a standalone company in the market. The completion of this separation is a significant strategic move for Corteva, as it allows the company to focus on its remaining core businesses while Vylor Inc. operates independently within the seed sector. In conjunction with this separation, Corteva and Vylor have entered into a series of critical agreements to govern their ongoing relationship, including matters related to tax, employees, transition services, intellectual property, and seed treatment supply.
  5. 8-KCorteva, Inc. 8-K Report, Corporate Update (Oct 1, 2026)On October 1, 2026, Corteva announced the final results of the private exchange offers and consent solicitations that its subsidiary Vylor Inc. ran for three series of senior notes issued by EIDP, Inc. (Corteva's wholly owned subsidiary). The offers expired September 30, 2026. Holders validly tendered $434.8 million of the $500 million 2.300% notes due 2030 (86.97%), $476.2 million of the $500 million 5.125% notes due 2032 (95.24%), and $527.6 million of the $600 million 4.800% notes due 2033 (87.93%). In aggregate, about $1.44 billion of the $1.60 billion outstanding principal was tendered, or roughly 90%. Vylor will issue new Vylor Notes with matching coupons and maturities in exchange for the tendered EIDP Notes. The exchange is tied to Corteva's planned separation into two independent public companies: one holding the current crop protection business and the other holding the seed business, which will be owned by Vylor. All conditions other than completion of the separation were satisfied at expiration. Settlement is expected substantially simultaneously with the separation, on or about October 1, 2026, subject to the remaining conditions. The filing does not confirm that the separation has closed. Tendering holders who acted by the August 19, 2026 early deadline received a small cash payment of roughly $2.67 to $2.90 per $1,000 of principal. Holders who tendered later received $970 of Vylor Notes per $1,000 with no cash. All accepted holders also receive accrued interest. The consent solicitations seek amendments to the EIDP indentures, but the filing does not describe those amendments. For investors, the transaction is primarily a liability-management step that moves debt tied to the seed business to Vylor ahead of the separation. Its economic effect on Corteva is limited, since the cash consideration is small (at most about $4 million in aggregate) and the coupons and maturities are unchanged. The main points to monitor are whether the separation closes on schedule and whether any untendered EIDP Notes remain outstanding after settlement.
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04—See also

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