Corteva, Inc. stock research
FY2025 Q1
Corteva (CTVA) Gross Margin — Quarter Ended Mar 31, 2025
In the current quarter, gross profit grew while cost of revenue declined, leading to a higher gross margin. Revenue was higher than the prior quarter but lower than the same quarter last year.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
In the current quarter, gross profit grew while cost of revenue declined, leading to a higher gross margin. Revenue was higher than the prior quarter but lower than the same quarter last year.
- The most observable factor in the margin improvement was the reduction in cost of revenue, which decreased both sequentially and year-over-year.
- Compared to the prior quarter, gross margin improved as revenue increased and cost of revenue decreased. Compared to the same quarter last year, gross margin improved despite lower revenue, driven by a lower cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
47.0%
Gross profit
$2.1B
Revenue
$4.4B
Cost of revenue
$2.3B
Quarter-over-quarter change
+9.7 pts
Year-over-year change
+3.7 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2025 | $4.4B | $2.1B | $2.3B | 47.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+9.7 pts
Year-over-year change
Mar 31, 2024
+3.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable factor in the margin improvement was the reduction in cost of revenue, which decreased both sequentially and year-over-year.
Compared to the prior quarter, gross margin improved as revenue increased and cost of revenue decreased. Compared to the same quarter last year, gross margin improved despite lower revenue, driven by a lower cost of revenue.
Monitor the trajectory of cost of revenue in future quarters to assess whether the reduction is sustained.