Corteva, Inc. stock research
FY2024 Q4
Corteva (CTVA) Gross Margin — Quarter Ended Dec 31, 2024
Revenue, gross profit, and gross margin all increased compared to both the prior quarter and the same quarter last year. Cost of revenue rose less than revenue, supporting the improvement in gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue, gross profit, and gross margin all increased compared to both the prior quarter and the same quarter last year. Cost of revenue rose less than revenue, supporting the improvement in gross margin.
- The strongest observable margin driver is the gross margin percentage, which improved from the prior quarter and from a year ago, indicating that the relationship between revenue and cost of revenue became more favorable.
- Compared to the prior quarter, revenue, gross profit, and gross margin were all higher. Compared to the same quarter last year, revenue, gross profit, and gross margin were also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.3%
Gross profit
$1.5B
Revenue
$4.0B
Cost of revenue
$2.5B
Quarter-over-quarter change
+4.5 pts
Year-over-year change
+1.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $4.5B | $1.9B | $2.5B | 43.2% |
| Jun 30, 2024 | $6.1B | $3.2B | $2.9B | 52.3% |
| Sep 30, 2024 | $2.3B | $761.0M | $1.6B | 32.7% |
| Dec 31, 2024 | $4.0B | $1.5B | $2.5B | 37.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+4.5 pts
Year-over-year change
Dec 31, 2023
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the gross margin percentage, which improved from the prior quarter and from a year ago, indicating that the relationship between revenue and cost of revenue became more favorable.
Compared to the prior quarter, revenue, gross profit, and gross margin were all higher. Compared to the same quarter last year, revenue, gross profit, and gross margin were also higher.
Monitor the trend in cost of revenue relative to revenue, as its growth rate influences gross margin sustainability.