Aureus
AExcellent

Corteva, Inc.(CTVA)

A

Financial data as of Dec 31, 2024Improving · Materials

FCF Margin9.2%Free Cash Flow / Revenue
Cash Conversion236.5%Operating CF / Net Income
Free Cash Flow$1.5B
Revenue$16.9B
Net Cash$403.0MCash exceeds debt
Debt / FCF1.7xManageable debt load
Current Ratio1.45Adequate short-term liquidity
YoY FCF Growth+250.0%3 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
+1Strong YoY FCF growth (250.0% YoY)
→
-0.5Highly volatile FCF (consistency: 3.81)
→
+1Very low debt-to-FCF ratio (1.7x)
→
FinalA

Analysis Summary

Strengths

  • Excellent cash conversion (236%)
  • Net cash position ($0.4B)
  • Very low debt relative to cash flow (1.7x)
  • Strong YoY FCF growth (+250.0%)
  • FCF trend is improving

Concerns

  • Low FCF margin (9.2%)
  • Only 3 positive FCF quarters recently
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin9.2%
Net Margin5.4%
Operating CF Margin12.7%
CapEx Ratio3.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$403.0MCash exceeds debt
Debt / FCF1.7xManageable debt load
Current Ratio1.45Adequate liquidity
Debt / Equity0.11Low leverage

Quarterly FCF Trend

+250.0% YoYImproving (+250.0%)

Free cash flow per quarter

Sector Comparison — Materials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameCorteva, Inc.
SectorMaterials
Free Cash Flow$1.5B
Revenue$16.9B
Net Income$907.0M
Operating Cash Flow$2.1B
Capital Expenditure$597.0M
FCF Margin9.2%
Cash Conversion Rate236.5%
Net Margin5.4%
Total Debt$2.7B
Total Cash$3.1B
Net Cash$403.0M
Current Ratio1.45
Debt / Equity0.11
Debt / FCF1.7x
YoY FCF Growth+250.0%
Positive Quarters3 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance