Corteva
Corteva returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 6.24% | 7.93% | 139.54% | 3.95% | 2.42% | -1.5 pp |
| FY 2026 Q1 | Mar 31, 2026 | 6.71% | 8.01% | — | 4.78% | 2.74% | -1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 6.99% | 7.38% | — | 4.56% | 2.62% | -0.7 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.78% | 6.93% | — | 6.43% | 3.82% | -1.9 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.21% | 6.22% | — | 5.48% | 3.37% | -2.5 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.71% | 5.6% | — | 4.65% | 2.66% | -3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.37% | 5% | — | 3.72% | 2.16% | -3.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 3.51% | 3.98% | — | 2.78% | 1.63% | -4.2 pp |
| FY 2024 Q2 | Jun 30, 2024 | 4.41% | 4.55% | — | 3.49% | 2.1% | -3.3 pp |
| FY 2024 Q1 | Mar 31, 2024 | — | -2.77% | — | -0.62% | 1.25% | — |
| FY 2023 Q4 | Dec 31, 2023 | 5.44% | 4.78% | 4.06% | 2.92% | 1.72% | -2.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | -1.4% | — | 0.87% | 2.23% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | -1.72% | — | 0.8% | 2.17% | — |
| FY 2023 Q1 | Mar 31, 2023 | 4.95% | 5.06% | 12.64% | 4.59% | 2.67% | -2.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 5.52% | 4.6% | 35.76% | 4.53% | 2.7% | -2.2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.33% | 4.46% | 26.98% | 5.49% | 3.33% | -3.4 pp |
| FY 2022 Q2 | Jun 30, 2022 | 4.64% | 4.46% | 43.97% | 6.72% | 4.18% | -3.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 3.82% | 3.68% | — | 6.86% | 4.05% | -3.9 pp |
| FY 2021 Q4 | Dec 31, 2021 | 3.45% | 2.98% | — | 7.01% | 4.14% | -4.2 pp |
| FY 2021 Q3 | Sep 30, 2021 | 3.25% | 2.75% | — | 6.72% | 3.96% | -4.4 pp |
| FY 2021 Q2 | Jun 30, 2021 | 2.73% | 2.2% | — | 4.88% | 2.91% | -5 pp |
| FY 2021 Q1 | Mar 31, 2021 | — | 1.51% | — | 4.17% | 2.36% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 1.36% | — | 2.77% | 1.6% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 0.92% | — | 2.52% | 1.46% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 0.46% | — | 2.05% | 1.2% | — |
| FY 2020 Q1 | Mar 31, 2020 | 0.18% | 0.26% | — | -1.82% | -1.18% | -7.5 pp |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | — | — | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | — | — | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | — | — | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CTVA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.